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waldox
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June 14, 2014, 04:47:00 PM |
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51% attack news and govt selling 30,000 bitcoins bringing the price down temporarily
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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nwfella
Legendary
 Offline
Activity: 1582
Merit: 1000
Well hello there!
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June 14, 2014, 05:11:40 PM |
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My 2 satoshi's:
1.) Price likely to continue this downward trend til the 27th, likely to hit the $420 range. If those that purchase majority of the coins on the 27th have sinister motives price will definitely drop below $400 (but not for very long), if no sinister motives, price should jump pretty significantly right after sale.
2.) Disagree that FBI announcement is sole reason for price decrease. Plenty of other bad or concerning news surrounding bitcoin atm, chief among them threat of 51%.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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Yakamoto
Legendary
Offline
Activity: 1218
Merit: 1007
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June 14, 2014, 05:18:28 PM |
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It's just the Silkroad coins. The drop is so they can be bought cheaper. Nothing more, nothing less. Relax, sit back and try to buy some  This. People dropped the price to pick them up cheap, not a lot else to it. That's the thing with the Bitcoin world, everyone is aiming to get more and more of them, and so when a large auction like this occurs, they drop the price to try and pick more up. The price will return to $650 soon enough. |
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bitgold
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June 14, 2014, 05:23:05 PM |
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When US inflation starts to bite and EU is forced into qe, moon bound journey will resume.
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ajareselde
Legendary
Offline
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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June 14, 2014, 05:25:18 PM |
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price will fluctuate and dip more and more each day, untill we get rid of those seized coins, or get some good news for once.
if u look at the trend chart , u can see bitcoin is allmost forgotten behind.
by the end of the month , sub 500 for sure
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cinder
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June 14, 2014, 05:35:56 PM |
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bitcoin isn't mean for the weak heart.
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Leina
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June 14, 2014, 06:39:59 PM |
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Going to load up around 300 or less.
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Gianluca95
Legendary
Offline
Activity: 1582
Merit: 1196
Reputation first.
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June 14, 2014, 07:07:03 PM |
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Going to load up around 300 or less.
Are you crazy man? 300 is too much low ! I think that bitcoin price will drop to 500  |
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williamevanl
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June 14, 2014, 08:10:35 PM |
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Going to load up around 300 or less.
Are you crazy man? 300 is too much low ! I think that bitcoin price will drop to 500 Lol, I'll try to remember this post. 300 is too low for what? (They are just addresses on a ledger!). I love Bitcoin and this forum but I'm beginning to think there a lot of crazy people when it comes to Bitcoin. At the moment, it's shakey startup with .3% adoption that might never catch on. 300 is not way too low for one of 24 million addresses. The rampant speculation of all of this has driven it to outrageous highs! 30$ might right now be outrageously overpriced cost for a Bitcoin. (let alone $300!) |
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Nicolas Dorier
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June 14, 2014, 09:01:46 PM |
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Lol, I'll try to remember this post. 300 is too low for what? (They are just addresses on a ledger!). I love Bitcoin and this forum but I'm beginning to think there a lot of crazy people when it comes to Bitcoin.
At the moment, it's shakey startup with .3% adoption that might never catch on. 300 is not way too low for one of 24 million addresses. The rampant speculation of all of this has driven it to outrageous highs!
30$ might right now be outrageously overpriced cost for a Bitcoin. (let alone $300!)
 Dollar overpriced... 333 000 Satoshi for just a piece of paper. |
Bitcoin address 15sYbVpRh6dyWycZMwPdxJWD4xbfxReeHe
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gondel (OP)
Legendary
Offline
Activity: 1946
Merit: 1005
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June 15, 2014, 10:20:14 AM |
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Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel
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tinof
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June 15, 2014, 04:08:13 PM |
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Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel
Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50. |
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bitebits
Legendary
Offline
Activity: 2205
Merit: 3156
Flippin' burgers since 1163.
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June 15, 2014, 04:41:57 PM |
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Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel
Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50. Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases. |
- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero. |
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Justine
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June 15, 2014, 05:36:56 PM |
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Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel
Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50. Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases. Transaction fee also go up with bitcoin price. While it might benefit large institution transfer, it will lose the small payment merchant market segment. |
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transient858
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June 15, 2014, 10:34:12 PM |
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Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel
Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50. Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases. Transaction fee also go up with bitcoin price. While it might benefit large institution transfer, it will lose the small payment merchant market segment. A cup of coffee costing 10 USD in bitcoin, if value at 1000 usd per coin, will have $0.50 (0.0005 btc) transaction fee (around 5%). |
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bitebits
Legendary
Offline
Activity: 2205
Merit: 3156
Flippin' burgers since 1163.
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June 16, 2014, 09:51:31 AM |
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Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel
Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50. Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases. Transaction fee also go up with bitcoin price. While it might benefit large institution transfer, it will lose the small payment merchant market segment. A cup of coffee costing 10 USD in bitcoin, if value at 1000 usd per coin, will have $0.50 (0.0005 btc) transaction fee (around 5%). The transaction fee will be altered accordingly, like it did before. |
- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero. |
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gondel (OP)
Legendary
Offline
Activity: 1946
Merit: 1005
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June 16, 2014, 12:24:55 PM |
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Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel
Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50. This is true, but some who bought BTC at price of 650$ will not like the function of BTC to drop down to 50$  And then spend it when it is 50$..everyone will keep their coin when it is cheap and will not want to spend it for nothing. BR |
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AD_Infinitum
Member
Offline
Activity: 74
Merit: 10
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June 16, 2014, 12:40:22 PM |
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Won't go under $500, for sure.
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gondel (OP)
Legendary
Offline
Activity: 1946
Merit: 1005
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June 16, 2014, 03:00:17 PM |
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Won't go under $500, for sure.
Hi, Why you are so sure about it. Please make a prove about your statement. Thanks BR Gondel |
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AdamSmith
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June 16, 2014, 03:47:24 PM |
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Price is re-bouncing nicely.
Hopefully, we will see 700 in a month or two given that more companies are starting to accept bitcoin as a way of payment.
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