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Author Topic: BTC Price is crashing today.  (Read 2164 times)
yeponlyone
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September 18, 2014, 01:43:16 PM
 #1

Anybody care to elaborate why?
Satoshi is no god. He did not come down from the mountain with 10 golden rules engraved in stone for no one to question.
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ethought
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September 18, 2014, 01:58:35 PM
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Anybody care to elaborate why?

Possibly a large sell off?

I can see no direct reason other than possibly there is someone or some group cashing out today.
oceans
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September 18, 2014, 02:03:14 PM
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Has to be someone cashing out, it's the only reason I can think of that things would begin to drop today as there does not seem to be any other reason that I can see.
Sevvero
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September 18, 2014, 02:03:45 PM
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Anybody care to elaborate why?
This is why:
https://www.youtube.com/watch?v=_-TLA3j-ic4
robmob
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September 18, 2014, 02:09:10 PM
 #5

I believe the price continues to fall because the real investors are seeing Bitcoin in the news 24/7 but it is to do with drugs and hacking and not something to benefit them. I personally know a number of people who cashed out after the whole Roger episode .

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yeponlyone
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September 18, 2014, 02:21:57 PM
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I believe the price continues to fall because the real investors are seeing Bitcoin in the news 24/7 but it is to do with drugs and hacking and not something to benefit them. I personally know a number of people who cashed out after the whole Roger episode .

Rodger? You mean the hacker of the satoshi email adress?
hotsaucee
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September 18, 2014, 02:29:25 PM
 #7

You won't find rational answers here I guarantee that much...  In fact there are many possible reasons but there has always been volatility in the price. No need to panic

georgekappa
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September 18, 2014, 02:30:12 PM
 #8

Someone's shorting it

http://www.reddit.com/r/Bitcoin/comments/2grhmt/heading_to_400_how_are_those_shorts_coming_in/
Blinken
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September 18, 2014, 02:34:40 PM
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Thats a pretty interesting video.

Just to summarize this for people who don't want to listen to this guy's 15 minutes rambling lecture:

At current rates, the bitcoins generated by miners are worth $650 million per year. So, that means for the price to be stable, that much money must come into the Bitcoin ecosystem. If less buying interest than this occurs, then the price will drop (and vice versa).

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hotsaucee
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September 18, 2014, 02:35:56 PM
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Thats a pretty interesting video.

Just to summarize this for people who don't want to listen to this guy's 15 minutes rambling lecture:

At current rates, the bitcoins generated by miners are worth $650 million per year. So, that means for the price to be stable, that much money must come into the Bitcoin ecosystem. If less buying interest than this occurs, then the price will drop (and vice versa).
That's intuitive and how prices work? Nothing new there at all....

var53
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September 18, 2014, 02:59:31 PM
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Thats a pretty interesting video.

Just to summarize this for people who don't want to listen to this guy's 15 minutes rambling lecture:

At current rates, the bitcoins generated by miners are worth $650 million per year. So, that means for the price to be stable, that much money must come into the Bitcoin ecosystem. If less buying interest than this occurs, then the price will drop (and vice versa).

Thanks for the video summary. I'm one of the people who could not face listening to the 15 minutes rambling lecture.
adamstgBit
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September 18, 2014, 03:02:59 PM
 #12

that video...

its failed speculations

ThatDGuy
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September 18, 2014, 03:26:19 PM
 #13

I believe the price continues to fall because the real investors are seeing Bitcoin in the news 24/7 but it is to do with drugs and hacking and not something to benefit them. I personally know a number of people who cashed out after the whole Roger episode .

Bitcoin news only having to do with drugs? Hacking?

Why are they watching the news from 2011-2013??
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September 18, 2014, 03:49:37 PM
 #14

I believe the price continues to fall because the real investors are seeing Bitcoin in the news 24/7 but it is to do with drugs and hacking and not something to benefit them. I personally know a number of people who cashed out after the whole Roger episode .

Bitcoin news only having to do with drugs? Hacking?

Why are they watching the news from 2011-2013??
Just wait until the next boom cycle, when FOX "news" sets their sights on the new threat to the oligarchy.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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September 18, 2014, 03:51:42 PM
 #15

current price $430 !!!!

cypherdoc
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September 18, 2014, 03:54:17 PM
 #16

hodl
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September 18, 2014, 03:56:59 PM
 #17

hodl or dmup Tongue

Torque
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September 18, 2014, 03:57:57 PM
 #18

hodl and BUY BUY BUY
cozk
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September 18, 2014, 04:24:23 PM
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Did not know Joaquin phoenix was a btc expert.

Good to know.
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September 18, 2014, 04:28:49 PM
 #20


People short bitcoins all the time. Some where even doing it in November last year. Not the reason for the drop. There are enough other reasons why we are going down...
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