any reason for the prices going down last days and hours?

[irlandescoin]

any reason for the prices going down last days and hours?

just curious.

[TheButterZone]

Panic/market selling scum. If you're selling BTC for less than the ATH, fuck off and never come back.

[waldox]

i told everyone in the world to stop buying bitcoin for a few hours as im going to shift some money in an exchange and get cheap bitcoins

[ebliever]

Everyone cashing out for vacation spending money?

I call it the summer doldrums. Apparently there is some research in the traditional financial community showing that investments tend to tank over the summer for whatever reason. Whatever those factors are, appears to be aggravated in the case of crypto. If this is true it will come roaring back come fall, all else being equal. I'm going to HODL it out and see.

[NWO]

Ethereum

[moriartybitcoin]

Ethereum + market panic selling.

Good time to BUY Bitcoins in my opinion.

Dr. Michael Moriarty

[jaberwock]

It is August, and the buy pressure of finantial assets in general is not great, so the fall.

Maybe something from the altcoin world too, I'm not up to data with the crypto scene

[milkyway]

i think its just that its simply due to the recent consecutive scams in the altcoins that people are tired of this game and are cashing out to fiat. scums that causes the scams can make someone from something to zero overnight.

[falllling]

Everyone is selling and no one wants bitcoin! It isn't just Ethereum, there are also stellar and a bunch of other coins that developers raised via IPO need cashing out!

Bitcoin game over ! Crashing to $400 ! Drop your hope and sell now !
https://bitcointalk.org/index.php?topic=737019.0

You have been warned since $680 !

https://bitcointalk.org/index.php?topic=713671 $560
https://bitcointalk.org/index.php?topic=698224 $580
https://bitcointalk.org/index.php?topic=665200 $590
https://bitcointalk.org/index.php?topic=650517 $600
https://bitcointalk.org/index.php?topic=649261 $620

[cypherdoc]

Everyone is selling and no one wants bitcoin! It isn't just Ethereum, there are also stellar and a bunch of other coins that developers raised via IPO need cashing out!

Bitcoin game over ! Crashing to $400 ! Drop your hope and sell now !
https://bitcointalk.org/index.php?topic=737019.0

You have been warned since $680 !

https://bitcointalk.org/index.php?topic=713671 $560
https://bitcointalk.org/index.php?topic=698224 $580
https://bitcointalk.org/index.php?topic=665200 $590
https://bitcointalk.org/index.php?topic=650517 $600
https://bitcointalk.org/index.php?topic=649261 $620

haha.  you missed an "i" in your name, faillling.

[Newbie1022]

Panic/market selling scum. If you're selling BTC for less than the ATH, fuck off and never come back.

This is a surefire recipe to get the public interested in BTC and expand it's market share. Stay in, no testing or playing around, not thrill of trading. You are in or you are out... with us or with the terrorists.

Bahahahahaha!!!

Don't leverage yourself to death, bro, and you won't be having a panic attack on a discussion forum. Jesus.

[TheNewAnon135246]

Everyone is selling and no one wants bitcoin! It isn't just Ethereum, there are also stellar and a bunch of other coins that developers raised via IPO need cashing out!

Bitcoin game over ! Crashing to $400 ! Drop your hope and sell now !
https://bitcointalk.org/index.php?topic=737019.0

You have been warned since $680 !

https://bitcointalk.org/index.php?topic=713671 $560
https://bitcointalk.org/index.php?topic=698224 $580
https://bitcointalk.org/index.php?topic=665200 $590
https://bitcointalk.org/index.php?topic=650517 $600
https://bitcointalk.org/index.php?topic=649261 $620

"Nobody wants bitcoin!".

You never fail to make me laugh! Thanks for that.

[fdiini]

Ethereum

Alt coin holder cash out to buy Ethereum. And Ethreum developers cash out to USD.

[kireinaha]

There's not much to get excited about anymore. From its inception until 2013, bitcoiners dreamed of the day that major retailers would begin accepting bitcoin. it's finally happened but the net impact to e-commerce has been underwhelming. merchants take the bitcoin and then dump it back to cash, via third party payment processors. coupled with the ~3600 new coins mined per day, the market is being flooded. people in this community at one time believed that once merchant adoption began, it would legitimize bitcoin and there would be a rush from all corners of the world to get on board.

The truth is, however, is that not much has changed at all. people are not converting their cash to bitcoin so they can buy stuff online.... it's still being used as an investment vehicle. and as you can imagine, when an asset runs into a nine month (and counting) bear market, interest kind of dies off.

so in summary, technology minded investors bought into the bitcoin hype from 2010 to 2013 expecting merchant adoption and embracement from consumers. the first part happened but the second did not folllow, so a wet blanket was placed on the market sentiment, resulting in a long term bear market.

As time ticks on, holders are seeing the writing on the wall and losing faith in another bubble happening. it hit hard this week, and will likely follow for some time.

[Fray]

Ethereum

Alt coin holder cash out to buy Ethereum. And Ethreum developers cash out to USD.

I would say a more likely reason would be the recent CFSB warning. The warning will likely take away some level of legitimacy from bitcoin as the government is saying that the bitcoin economy is full of scams. What the government  fails to say is that if a little bit of common sense is applied then you should be able to avoid the vast majority of the scams out there.

[peeveepee]

Ethereum

Alt coin holder cash out to buy Ethereum. And Ethreum developers cash out to USD.

I would say a more likely reason would be the recent CFSB warning. The warning will likely take away some level of legitimacy from bitcoin as the government is saying that the bitcoin economy is full of scams. What the government  fails to say is that if a little bit of common sense is applied then you should be able to avoid the vast majority of the scams out there.

What CFSB warning?

There is no mentioning of this news on the main forum.

[btc_enigma]

Ethereum is scam , Please watch out  https://bitcointalk.org/index.php?topic=707237.0 . Good time to buy bitcoins ! Thank you foolish people for dumping your coins

[catena5260]

Reason for the fall: some people want cheap coins, and there are plenty of fake reasons for a dip(Etherem, official warning against Bitcoin, summer dips in all investment markets, etcc...)

[irlandescoin]

still going down and particular reason?

[Cluster2k]

There's not much to get excited about anymore. From its inception until 2013, bitcoiners dreamed of the day that major retailers would begin accepting bitcoin. it's finally happened but the net impact to e-commerce has been underwhelming. merchants take the bitcoin and then dump it back to cash, via third party payment processors. coupled with the ~3600 new coins mined per day, the market is being flooded. people in this community at one time believed that once merchant adoption began, it would legitimize bitcoin and there would be a rush from all corners of the world to get on board.

That's right.  The bitcoins used at merchants get converted into dollars, euros, yuan, etc to pay for goods, services, and business running costs.  More people are using bitcoin and that's a good thing in the long term, but people are missing the real reason why businesses are accepting bitcoin: there are people out there sitting on small fortunes in bitcoins.  What better way to entice them into parting with some of their easily gotten gains than offering goods and services in bitcoins?

Miners right now are probably not too keen to sell, as the profit margin is slim for most people.  Many would be sitting on stashes of bitcoins waiting to sell if or when the price improves.  This will provide some dampening to any future bitcoin price gains as miners sell into price rises.