bitc0in (OP)
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Activity: 90
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One day I shall rise!!
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September 19, 2014, 03:40:53 AM |
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http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/Since the last few days there has been a significant downing in the bitcoin price.The chances are bitcoin hitting the downward value of $400 soon. Merchant market affects
Danielli suggested that merchant adoption may indeed be having an effect on the market, an opinion that is now widely debated in the community.
These market observers point to the fact that though more merchants are accepting bitcoin payments, they are not holding these funds in bitcoin. Thus, they argue, the market is not attracting enough buyers to absorb these bitcoins on the open market.
However, Danielli took this argument a step further, suggesting that this influence is measurable when comparing bitcoin to the second most popular cryptocurrency, litecoin.
For example, he pointed to the difference between performance in the bitcoin and litecoin markets, noting that when bitcoin had fallen 7.5% during the day’s trading, litecoin had declined only 5%.
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There always lies a spark inside a cold heart!!
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Frscott
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Activity: 112
Merit: 10
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September 19, 2014, 03:46:10 AM |
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May hit mid 300s since no major news about bitcoin. Altcoins doing well though.
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titulng
Sr. Member
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Activity: 484
Merit: 250
HubrisOne
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September 19, 2014, 03:58:13 AM |
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Below $400, I'm going to go bankrupt  |
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pajrinn
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September 19, 2014, 04:07:06 AM |
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The more days bitcoin be downtrade  I hope can go up again |
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mycoinfans
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Activity: 11
Merit: 0
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September 19, 2014, 04:27:19 AM |
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The chances are bitcoin hitting the downward value of $400 ,this is a great chance to buy some bitcoins.
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master-P
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September 19, 2014, 04:29:31 AM |
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There is a lot of resistance though, I don't see it downing to sub-400 levels unless a huge amount of coins (over 3500) are dumped in a short period.
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Hunyadi
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Merit: 1000
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September 19, 2014, 04:32:02 AM |
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Who knows? Personally I think we are bottoming now.
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▂▃▅▇█▓▒░B**-Cultist░▒▓█▇▅▃▂
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OrientA
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September 19, 2014, 07:25:13 AM |
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Below $400, I'm going to go bankrupt Did you borrow to invest? |
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krishatnet
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September 19, 2014, 07:33:53 AM |
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I think bitcoin will not go below 400$. It will bounce back from 400$.
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little_kristof
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Activity: 84
Merit: 10
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September 19, 2014, 07:34:57 AM |
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The chances are bitcoin hitting the downward value of $400 ,this is a great chance to buy some bitcoins.
So now you can buy. On btc-e lowest price was 390$. This is not looking good. What you think ? |
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rohnearner
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September 19, 2014, 08:02:27 AM |
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We are already below 400$ trading around 390$ on btc-e can't say how long this will remain this way..!
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master-P
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September 19, 2014, 08:28:27 AM |
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One hell of a roller coaster ride!
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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September 19, 2014, 08:39:00 AM |
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chennan
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Activity: 1316
Merit: 1004
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September 19, 2014, 08:46:10 AM |
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Many people are complaining the investors, miners, mining rig manufacturers etc. If the price further decreases, many bitcoin related business will go to bankruptcy.
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BAIDY1
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Activity: 83
Merit: 10
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September 19, 2014, 08:47:46 AM |
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I don't think so, if the currency prices have been falling, so a lot of new enterprises about bitcoins will loss, which is disadvantageous to the entire industry about bitcoin!
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BadAss.Sx
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September 19, 2014, 08:48:39 AM |
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Stupid of those businesses to rely on btc
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sudahlah
Newbie
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Activity: 5
Merit: 0
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September 19, 2014, 08:48:50 AM |
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yea it's downing to 300 i guess lol  |
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Nabu
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September 19, 2014, 08:50:19 AM |
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The chances are bitcoin hitting the downward value of $400 ,this is a great chance to buy some bitcoins.
So now you can buy. On btc-e lowest price was 390$. This is not looking good. What you think ? there is a little bit of problem. no one have bucks for buying, all in a coin %) |
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Velkro
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Activity: 2296
Merit: 1014
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September 19, 2014, 08:51:00 AM |
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back at roller coaster indeed, im not worried about price  |
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Nabu
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September 19, 2014, 08:51:25 AM |
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Who knows? Personally I think we are bottoming now.
no way! we are digging now |
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