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TeraBox
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August 15, 2014, 12:19:55 PM |
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Big players sell some, small fish panics and sells out all...price drops and smart people buy low again...every time same thing happens
Now watch the price go back to $650 in 7-10 days time
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lynn_402
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August 15, 2014, 12:23:47 PM |
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The volatility is still considerably better than a few months ago, where it dropped a few hundreds of dollars in a few days, in this happened more than once after December.
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Coef
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August 15, 2014, 12:46:14 PM |
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I wouldn't worry about this kind of short term up and down. We have seen bitcoin crashing down significantly from time and time.  |
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lynn_402
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August 15, 2014, 12:52:56 PM |
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I wouldn't worry about this kind of short term up and down. We have seen bitcoin crashing down significantly from time and time. I still remember and cringe about when it fell from 1000$ to about 500$ in two days. Bad times  |
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MichaelBliss
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August 16, 2014, 12:08:18 AM |
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There don't appear to be any fundamental reasons for the price drop, in terms of adoption or threats to the network etc. The hashrate just keeps going up exponentially, more and more business are accepting it. So panic selling, and more weak hands giving up seems to be the explanation. It's the perfect time to buy for all those reasons!
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karlb187
Full Member
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Activity: 210
Merit: 100
Need To Contact Me? Go To My Site!
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August 16, 2014, 01:09:40 AM |
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Just like with any stock or market. Some big selling and people have mini panics and sell then more get worried and sell and the next thing you know its $510 people will start buying back in. I am making sure the prices stay stable before buying more just in case it drops into the $400's
hi there..jus wondering..do u think it'll drop to the $400's? i'm new to btc and am trying to work out when is best time to buy..thanks The present is always the best time to buy bitcoins because in the big picture, bitcoin's value will raise over time because the reward is cut in half every 4 years so it will more rare and the demand will still raise. I think it is wise to get a few bitcoins and hold them to pass on to your kids (like a coin collection) and they will benefit from them when they are worth $5,000 each.  |
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techgeek
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August 16, 2014, 04:14:14 AM |
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It rises and falls everyday lol.
But overall longer term its rising obviously.
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btcguys
Member
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Activity: 112
Merit: 10
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August 16, 2014, 04:26:01 AM |
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what would be fastest way to move USD fiat to buy bitcoins from an exchange?
Is HSBC good bank to send wires from personal checking accounts to Bitstamp, BTC-e, HitBit and Coinsetter?
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Keyara
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August 16, 2014, 04:26:39 AM |
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Read the speculation forum to know what's going on.
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zolace
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August 16, 2014, 08:17:36 AM |
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Big players sell some, small fish panics and sells out all...price drops and smart people buy low again...every time same thing happens
Now watch the price go back to $650 in 7-10 days time
yeah I been hearing this for weeks already even from the speculators say this is healthy for drop like this, then soon we will see 5 times the increase again. Its just matter of time, not when. |
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patrike
Legendary
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Activity: 3500
Merit: 1095
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August 16, 2014, 08:55:57 AM |
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Maybe it's the fact that you can actually use your Bitcoins at more places (Dell, ...) that pushes the price down. People that used to just sit on many coin are now using them, making them available on the market.
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wenben
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August 16, 2014, 09:07:30 AM |
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Don't buy bitcoin if you do not have a stomach for it. |
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jaberwock
Legendary
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Activity: 2744
Merit: 1127
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August 16, 2014, 09:07:37 AM |
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Read the speculation forum to know what's going on.
He knows that because he did two topics with the same OP in the Speculation forum. @topic: some say market manipulation, others say that it is coming from China, others it is just a panic sell that triggered the market, while some says bitcoin was a bubble since its inception. Only thing sure we doing down and with no signs of reversal |
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uvdmnte
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August 16, 2014, 09:16:33 AM |
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Maybe it's the fact that you can actually use your Bitcoins at more places (Dell, ...) that pushes the price down. People that used to just sit on many coin are now using them, making them available on the market.
Makes perfect sense:) |
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Zebra
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August 16, 2014, 11:35:56 AM |
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Just like with any stock or market. Some big selling and people have mini panics and sell then more get worried and sell and the next thing you know its $510 people will start buying back in. I am making sure the prices stay stable before buying more just in case it drops into the $400's
hi there..jus wondering..do u think it'll drop to the $400's? i'm new to btc and am trying to work out when is best time to buy..thanks I don't. But if you have some USD on an exchange, it is not a bad idea to make some a buy order at $400. You may be able to get yourself some cheap coins while sleeping. |
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bitsmichel
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August 16, 2014, 11:41:24 AM |
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Just like with any stock or market. Some big selling and people have mini panics and sell then more get worried and sell and the next thing you know its $510 people will start buying back in. I am making sure the prices stay stable before buying more just in case it drops into the $400's
hi there..jus wondering..do u think it'll drop to the $400's? i'm new to btc and am trying to work out when is best time to buy..thanks I don't. But if you have some USD on an exchange, it is not a bad idea to make some a buy order at $400. You may be able to get yourself some cheap coins while sleeping. 499$ now, if it goes to $400. You could make 0.2 BTC that way, but it's still gambling.. you may also lose 0.2 |
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uvdmnte
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August 16, 2014, 11:43:46 AM |
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Just like with any stock or market. Some big selling and people have mini panics and sell then more get worried and sell and the next thing you know its $510 people will start buying back in. I am making sure the prices stay stable before buying more just in case it drops into the $400's
hi there..jus wondering..do u think it'll drop to the $400's? i'm new to btc and am trying to work out when is best time to buy..thanks I don't. But if you have some USD on an exchange, it is not a bad idea to make some a buy order at $400. You may be able to get yourself some cheap coins while sleeping. 499$ now, if it goes to $400. You could make 0.2 BTC that way, but it's still gambling.. you may also lose 0.2 Thanks for the advice guys!:) |
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cryptasm
Legendary
Offline
Activity: 997
Merit: 1002
Gamdom.com
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August 16, 2014, 11:46:23 AM |
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Nothing to worry about, if anthing it's a good time to buy more btc before the price rises in a week or so.
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Zebra
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August 16, 2014, 11:55:19 AM |
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Read the speculation forum to know what's going on.
Reading the speculation forum will probably just gives you more crazy theories and wild price predictions, instead of solving your problem lol.  |
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HashFarmer
Member
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Activity: 98
Merit: 10
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August 16, 2014, 01:27:47 PM |
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I myself think that the drop is caused by BitLicence, but no body seems to agree with that so lets stick with panic selling |
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