5 Guys Burgers (OP)
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August 18, 2014, 01:02:56 PM |
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Hello!!!!!
What is going on here over this weekend? I made this username not too long ago and found bitcoin. Now price is going down a lot within few days? Did I miss some news?
Please discuss thank you.
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Sunderland
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To Be Or Not To Be
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August 18, 2014, 01:14:01 PM |
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better search first in this forum before making new threads. lot of guys already talk about this. i know btc price is down for now, but its not the end of the earth ...... btc still can up again.
lot of reason why btc is down for this time , you can read all in economic section.
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back to work
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ErnieX
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August 18, 2014, 01:20:30 PM |
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Moonpig
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August 18, 2014, 01:42:05 PM |
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Nobody can say it's all just speculation. I guess lots of people are just selling and people are taking advantage of the cheap price.
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JimClone
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August 18, 2014, 01:45:05 PM |
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Bitcoin is dead sell while you can !
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botany
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August 18, 2014, 01:46:23 PM |
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The U.S. Consumer Financial Protection Bureau issued an advisory on bitcoin, which led to some weakness last week. That seems to have been a trigger. After that, it has been downhill all the way.
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5 Guys Burgers (OP)
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August 18, 2014, 02:05:46 PM |
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Bitcoin is dead sell while you can ! why do you lie! btc not dead it will live on!
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Lieji
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August 18, 2014, 02:46:00 PM |
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Market price is determined by demand and supply, and the price drop happens simply because we have a lot of sell orders now. We can't be sure where the sell orders come from. They could be from some big whales manipulating the market, or panic-sellers, or someone with insider information or blah blah blah.
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Nikolai
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August 19, 2014, 06:30:02 AM |
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Look at the price history, it's nothing new, it's always been volatile and subject to the whims of the whales. This will change as more capital comes in but swings are to be expected.
Soon, capitulation, blood in the streets, then the next bubble. Should be fun.
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dkblueman
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August 19, 2014, 07:06:55 AM |
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It happens, it has happened before and it will happen again. Luckily it works the other way too
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botany
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August 19, 2014, 05:02:34 PM |
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Look at the price history, it's nothing new, it's always been volatile and subject to the whims of the whales. This will change as more capital comes in but swings are to be expected.
Soon, capitulation, blood in the streets, then the next bubble. Should be fun.
It has been 9 months since the last bubble... Too long.
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jjc326
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August 19, 2014, 05:09:25 PM |
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The market cap of Bitcoin is so small tha tone person can literally decide to dump (or buy) and control the price, temporarily. So it's no surprise it can go up or down fast. If there's no reason you can either assume it's just someone wanting to manipulate the price or sell their coin for fiat, or there's always the chance they know something you don't...
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Mobius7
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August 19, 2014, 06:48:29 PM |
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Look at the price history, it's nothing new, it's always been volatile and subject to the whims of the whales. This will change as more capital comes in but swings are to be expected.
Soon, capitulation, blood in the streets, then the next bubble. Should be fun.
It has been 9 months since the last bubble... Too long. It is the calm before a storm bubble lol. And now bitcoin price has increased back up to $490.
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Equus
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Why the long face?
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August 20, 2014, 01:59:38 AM |
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Bitcoin will go down until the day after you lose all hope. Then it will go up until you forget that it ever went down. Then it will immediately go down again until just after you lose all hope. The best advice is to buy is much as you are comfortable losing and convince yourself that it is already lost.
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-.-. -.-. -- ..-.
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alwinlinzee
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August 26, 2014, 03:27:55 PM |
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The U.S. Consumer Financial Protection Bureau issued an advisory on bitcoin, which led to some weakness last week. That seems to have been a trigger. After that, it has been downhill all the way.
I believe the U.S. Consumer Financial Protection Bureau's release on Bitcoin had no significant impact on the price drop because prior to that issuance the price was already heading downstream so its just due to people with holding their btc's with the intention of a possible rise in future for higher profits..
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BigMac
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August 26, 2014, 04:14:16 PM |
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Bitcoin will go down until the day after you lose all hope. Then it will go up until you forget that it ever went down. Then it will immediately go down again until just after you lose all hope.
Hey, looks like you are a fan of Warren Buffett's "Be fearful when others are greedy and greedy when others are fearful" strategy.
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Talukdar001
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August 27, 2014, 06:23:47 AM |
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I have found that it was up and down, up and down. Not always down.
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futureazy
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August 27, 2014, 08:08:45 AM |
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I have read on the forum that the recent drop was caused by the coins sold by Ethereum devs.
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nicepumper
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August 27, 2014, 02:56:39 PM |
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Weak ass hands being weak ass hands. Theres NOTHING new under the sun.
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RodeoX
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The revolution will be monetized!
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August 27, 2014, 03:01:26 PM |
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The news you may have missed is that bitcoin is a true free market. That means it drops and rises dramatically and suddenly. It regularly looses %60 of it's value, or it may triple in value in a month.
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