Why did BTC drop to $570 level?

[HarmonLi]

I think this is manipulation. Someone is just trying to crash the market by withdrawing their FIAT to the sidelines. Now everyone is panicking and they can buy in at a lower price. Proactively shorting the market, if you ask me

how about:
most investors / big players / vcs / early adopters / are selling / spending and leaving bitcoin, now everyone is panicking and catching on, bitcoin goes final capitulation crash soon
or you just want an excuse / fake hope for the crashing price?

If we reach final capitulation, we can start building up a decent price again! It's not as if it's the end of bitcoin. I know you keep spreading that theory, but may I ask since when you're involved with Bitcoin?

[Katarina]

Still dropping, $565 right now.... time to sell or hold?

[exocytosis]

Still dropping, $565 right now.... time to sell or hold?

It depends on a lot of things: When you bought, how many coins you have, what you can afford to lose, how you react emotionally to losses, etc.

What was the average price you paid for your coins?

[dyland]

Still dropping, $565 right now.... time to sell or hold?

I personally say sell, and I'm a long time hodler, but you must make your own decisions.

I think I'll be able to buy back lower, but that's just my opinion; I could very well get taken for a ride, and have to buy back at a loss.

I think everyone's watching very closely at the moment.

[Beliathon]

Still dropping, $565 right now.... time to sell or hold?

"All of this has happened before, all of it will happen again."



Nullius addictus iurare in verba magistri, – quo me cumque rapit tempestas, deferor hospes.

[Junkbarman]

Still dropping, $565 right now.... time to sell or hold?

"All of this has happened before, all of it will happen again."

LOLwut?

Nullius addictus iurare in verba magistri, – quo me cumque rapit tempestas, deferor hospes.

You don't really believe this do you?

[whysosweet]

I will hold simply because I don't like to risk my btc, sooner or later the price will recover so I don't care for drops

[blatchcorn]

Still dropping, $565 right now.... time to sell or hold?

"All of this has happened before, all of it will happen again."



Nullius addictus iurare in verba magistri, – quo me cumque rapit tempestas, deferor hospes.

Any long-term chart this not logarithmic is useless.

[Ayers]

because it was just a china pump, btw the chart of the august 2013 was like that of this year?, i don't remember if it was that stagnant or not

[InwardContour]

I will hold simply because I don't like to risk my btc, sooner or later the price will recover so I don't care for drops

You don't care but in this way you are wasting some potential gains.
I know that playing the market is risky but if you try with a small amount of coins you can have some fun while building up some experience.

[BTC_Fundamentals]

just time to buy more BTC.

[Ron~Popeil]

just time to buy more BTC.

Yep. Excellent buying time. I was buying up bit coin in February and March. I am quite happy I did. If it drops below $525 I am going to buy another whole coin.

[Wexlike]

There is no logical explanation for this price drop, the only one i can think of is the ethereum ipo sale. In the long term this is just another good opportunity to enter the market, every little drop helps you to accumulate more and more coins.

Use the low price and buy more coins, longterm it can only go up.

[jcoin200]

There is no logical explanation for this price drop, the only one i can think of is the ethereum ipo sale. In the long term this is just another good opportunity to enter the market, every little drop helps you to accumulate more and more coins.

Use the low price and buy more coins, longterm it can only go up.

I agree, a sudden unexplained drop seems to often come before a price increase.  I wouldn't be surprised if the price jumps back up to the $600 range in the next few days, or possibly higher.

[kashish948]

There is no logical explanation for this price drop, the only one i can think of is the ethereum ipo sale. In the long term this is just another good opportunity to enter the market, every little drop helps you to accumulate more and more coins.

Use the low price and buy more coins, longterm it can only go up.

I agree, a sudden unexplained drop seems to often come before a price increase.  I wouldn't be surprised if the price jumps back up to the $600 range in the next few days, or possibly higher.

hope so lol!

[Foxxyfox]

There is no logical explanation for this price drop, the only one i can think of is the ethereum ipo sale. In the long term this is just another good opportunity to enter the market, every little drop helps you to accumulate more and more coins.

Use the low price and buy more coins, longterm it can only go up.

i also could not find any logical explanation for this price drop it looks like nothing happened

[johnyj]

School start

[Junkbarman]

It's raining.

[DubFX]

School start

What? School does start only in September no? Also what does it have to do with supply and demmand of bitcoin?

[bitsmichel]

On the short term scale it looks like a drop, but if you consider April 2014 it was 405$ its been rising. I think it's part of how nature influences the price, in long term it will probably go up again. Bump in April 2015