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Author Topic: Why bitcoin price is falling ?  (Read 1768 times)
Pala_00
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September 20, 2014, 12:35:44 PM
 #21

Increased merchant adoption creates a lot of sell pressure, which pushes down the price.

The reason BTC price used to rise in the first place (in 2013 and previous years), was Mt.Gox manipulation, such as Willybot.

What we're seeing today is a small dead cat bounce, not a trend reversal. 350 will be broken soon.



Now that bitcoin is dead what the fuck am I going to do all day?
Eastwind
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September 20, 2014, 12:36:44 PM
 #22

Increased merchant adoption creates a lot of sell pressure, which pushes down the price.

The reason BTC price used to rise in the first place (in 2013 and previous years), was Mt.Gox manipulation, such as Willybot.

What we're seeing today is a small dead cat bounce, not a trend reversal. 350 will be broken soon.



Increased merchant adoption plus they pay staff salary will increase the value of BTC.
heartastack
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September 20, 2014, 12:45:21 PM
 #23

Increased merchant adoption creates a lot of sell pressure, which pushes down the price.

The reason BTC price used to rise in the first place (in 2013 and previous years), was Mt.Gox manipulation, such as Willybot.

What we're seeing today is a small dead cat bounce, not a trend reversal. 350 will be broken soon.



Increased merchant adoption plus they pay staff salary will increase the value of BTC.

How many people in the world will be on BTC salaries over the next few years? Mmmh not many. There will be less dollars paying people in BTC than there are even whole BTC in circulation, for a very long time. But good point in the distant future this would contribute huge support
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