Dafuq is happening with btc price

[Malin Keshar]

We just went to 590-605(bitstamp-btc-e) price in matter of minutes.

Any news that justify that, or just some whale tired of bitcoin/price manipulation?

[Caesar V]

Nothing happening, people getting bored, selling and hoping others will do the same.. at least that's what I did.

[WoopDeBoop]

fuck all, I just know that the longer it hangs around 600 the more chance i have of collecting all 100 i want this year.

[ajareselde]

fuck all, I just know that the longer it hangs around 600 the more chance i have of collecting all 100 i want this year.

Neber panic buy or panic sell, wait first atleast a 12 hours or a day to make trades, since price is much harder to be manipulated in longer terms.
Regarding to the price falling, it was expected to happen, since there is no real reason to go up, and crypto in general doesnt seam to like stability, so it either goes up or down, its rarely stabile at any given price.

[d3stroy]

Nothing happening, people getting bored, selling and hoping others will do the same.. at least that's what I did.

Exactly! haha
We're on summer and there's not a lot of movement so maybe that's good 

[Capt Drake]

It's good man, we can buy cheap coins! 

[RockHound]

Whales at work!

Index has just hit sub$600 on Stamp

[d3stroy]

Less than 600 on stamp now  
If you want to buy cheap coins now it's the time 

[RockHound]

Less than 600 on stamp now  
If you want to buy cheap coins now it's the time 

"Get your Bitcoins!"

Here an article with regular updates on today's movement:

http://www.cryptocoinsnews.com/news/whats-happening-bitcoin-price/2014/07/24

[RockHound]

Any you guys think were gonna rebound to $630?

Or continue heading South?

[InwardContour]

Any you guys think were gonna rebound to $630?

Or continue heading South?

Short term we should fall a bit, maybe because of the new companies adopting bitcoins and cashing out,
but mid term the value will rise, I'm waiting September with excitement...

[RockHound]

Any you guys think were gonna rebound to $630?

Or continue heading South?

Short term we should fall a bit, maybe because of the new companies adopting bitcoins and cashing out,
but mid term the value will rise, I'm waiting September with excitement...

Thanks man, lots of support for a short term Fall. I hope a nice September rise will happen too : )

Thought I got a bargain buying a lot @$610.27 earlier this morning

[Malin Keshar]

Seems we are holding the 600's nicely for now. Good I panic opened this thread, instead of panic selling, was expecting a plungue to the 550 level again.

Next 2 - 3 days will be important to determine where we are going. It can be market manipulation to get cheap coins before the rise, or people with inside info selling coins before some bad news is released and cause a huge drop. I have already seen both happening.

[wobber]

I think I can explain what's happening with the price.

Some over-greedy people with low IQ moved almost all of their coins to places called MtGox and SilkRoad, where they could speculate freely and buy illegal stuff. Doing that, they ignored and defeated the most important part of bitcoin: decentralization and put into the hands of a few entities hundreds of thousands of coins (Mark, USMS etc)

The Silk Road and MtGox events are very important milestones in Bitcoin's history and personally I do hope that both Mark Karpeles and Ross William Ulbricht face at least 20+ years of jail time for their deeds. Their 'businesses' had good parts also and if we were in an ideal world, I would oppose jail time and put their asses to hard work, but since this is not possible, jail it is.

Their actions brought immense bad news over Bitcoin as a whole and stopped much of the adoption phase. We have also the 'speculators', which buy and sell bitcoins only for fiat profit (never ever forget that, it's all about $) - they help a lot to crash the price, which in turn brings bad bad news. There is a small fraction of speculators which try to make their BTC holdings bigger, but that's another matter.

While I do not wish for it to happen, because too many people would suffer, a global financial crysis would put Bitcoin right next to gold and silver and potentially make it a New World Currency. But that would be a forced adoption in my opinion and I'm pretty sure we'll see lots of tears from the people that heard, used, speculated, mined or stolen bitcoin and never understood what's it's purpose. I'm sure that each one of us will regret of having even 1 BTC and not putting it to storage for a long time.

[InwardContour]

I think I can explain what's happening with the price.

Some over-greedy people with low IQ moved almost all of their coins to places called MtGox and SilkRoad, where they could speculate freely and buy illegal stuff. Doing that, they ignored and defeated the most important part of bitcoin: decentralization and put into the hands of a few entities hundreds of thousands of coins (Mark, USMS etc)

The Silk Road and MtGox events are very important milestones in Bitcoin's history and personally I do hope that both Mark Karpeles and Ross William Ulbricht face at least 20+ years of jail time for their deeds. Their 'businesses' had good parts also and if we were in an ideal world, I would oppose jail time and put their asses to hard work, but since this is not possible, jail it is.

Their actions brought immense bad news over Bitcoin as a whole and stopped much of the adoption phase. We have also the 'speculators', which buy and sell bitcoins only for fiat profit (never ever forget that, it's all about $) - they help a lot to crash the price, which in turn brings bad bad news. There is a small fraction of speculators which try to make their BTC holdings bigger, but that's another matter.

While I do not wish for it to happen, because too many people would suffer, a global financial crysis would put Bitcoin right next to gold and silver and potentially make it a New World Currency. But that would be a forced adoption in my opinion and I'm pretty sure we'll see lots of tears from the people that heard, used, speculated, mined or stolen bitcoin and never understood what's it's purpose. I'm sure that each one of us will regret of having even 1 BTC and not putting it to storage for a long time.

This is a nice explanation of what is happening, in few years we will look at these threads and laugh rolling over the floor
because the value will be so high that the 1000$ barrier will seem really close to zero.

[Febo]

people start buying notebooks, and Dell dumping BTC they sold their comps for. Sadly Dell dont pay salaries in BTC, they need Euros.

[log2exp]

...
While I do not wish for it to happen, because too many people would suffer, a global financial crysis would put Bitcoin right next to gold and silver and potentially make it a New World Currency. But that would be a forced adoption in my opinion and I'm pretty sure we'll see lots of tears from the people that heard, used, speculated, mined or stolen bitcoin and never understood what's it's purpose. I'm sure that each one of us will regret of having even 1 BTC and not putting it to storage for a long time.

Sadly but wholeheartedly I agree, financial crisis will happen, it's matter of when. Just by looking at people around us, getting bigger houses, fancier cars, more power-trippers at work, increasing number of dishonest politicians, I'd be very very surprised not seeing one coming within 5 years.

[bananaControl]

...
While I do not wish for it to happen, because too many people would suffer, a global financial crysis would put Bitcoin right next to gold and silver and potentially make it a New World Currency. But that would be a forced adoption in my opinion and I'm pretty sure we'll see lots of tears from the people that heard, used, speculated, mined or stolen bitcoin and never understood what's it's purpose. I'm sure that each one of us will regret of having even 1 BTC and not putting it to storage for a long time.

Sadly but wholeheartedly I agree, financial crisis will happen, it's matter of when. Just by looking at people around us, getting bigger houses, fancier cars, more power-trippers at work, increasing number of dishonest politicians, I'd be very very surprised not seeing one coming within 5 years.

That's what people have been saying since 2008, and yet here we are.

[wobber]

...
While I do not wish for it to happen, because too many people would suffer, a global financial crysis would put Bitcoin right next to gold and silver and potentially make it a New World Currency. But that would be a forced adoption in my opinion and I'm pretty sure we'll see lots of tears from the people that heard, used, speculated, mined or stolen bitcoin and never understood what's it's purpose. I'm sure that each one of us will regret of having even 1 BTC and not putting it to storage for a long time.

Sadly but wholeheartedly I agree, financial crisis will happen, it's matter of when. Just by looking at people around us, getting bigger houses, fancier cars, more power-trippers at work, increasing number of dishonest politicians, I'd be very very surprised not seeing one coming within 5 years.

That's what people have been saying since 2008, and yet here we are.

What happened in 2008 is nothing. I'm talking about a global event that will change the world completely, as in new financial system.

[log2exp]

Deeply corrupted China, keeps bailing out the rich: http://news.morningstar.com/all/market-watch/TDJNMW201407233/china-may-avoid-second-bond-default-thanks-to-bailout.aspx

400million fresh out of printers, that was easy!

I'd say time is near.