What is causin Bitcoin loosing value this time?

[waterpile]

The fact that most people can't afford Bitcoin, so demand stagnates and whales start to sell as they get more and more nervous.

+1 and there are many other people who don't know about the Bitcoin or cryptocurrencies, even in the civilized countries

this is true some people even don't know what paypal is even if paypal has been online for years this can be the same case to bitcoin.

[Possum577]

This article from Coin Desk provides some logical answers: http://www.coindesk.com/predicting-bitcoins-next-price-rise/

[fewcoins]

Last time when i saw bitcoin 380 it was related to china rumour banning bitcoin or something.
any similar this time?

Miners selling their bitcoins to invest in Alibaba IPO. My point exactly in the article. http://www.bitcoinvalues.net/alibaba-ipo-responsible-bitcoin-crash.html

LMFAO you're an idiot alibaba had nothing to do with this crash! Bitcoin is loosing value because literally everybody is selling it... NO BUYERS = CRASH TO 0.00

[TheLoser]

I would buy it at 3 or 5 different levels over a long period time.

[odolvlobo]

I believe it is due to people misspelling "losing". Every time somebody misspells "lose" or "losing", somebody else gives up hope for humanity and dumps their bitcoins.

[JessicaSe]

Merchants, they are selling bitcoin immediately.

[seattlenonsmoker]

"Loosing" is spelled "Losing." Sorry pet peeve of mine DERP

[kolloh]

Merchants, they are selling bitcoin immediately.

Yeah many merchants are selling immediately for fiat which is bad

[Unbelive]

What is causin Bitcoin loosing value this time?

Last time when i saw bitcoin 380 it was related to china rumor banning bitcoin or something.
any similar this time?

Maybe they urban it this time and Chinese have finally chance to sell their BTC stash.



BTC can work without any Goverment. So baning it solve nothing!

[Borisz]

Larger adoption is good for the long run. People still think (and will most likely in the foreseeable future) in € and $ and hence merchants exchange their obtained BTC into fiat. In this case, more BTC transactions mean a stronger downwards trend due to all the immediate market orders on the exchanges.

[BCwinning]

People are waking up and realizing shit, if I have to pay stupid transaction fees like a credit card
why go through all the extra effort?
Might as well just buy a moneypak, it's accepted at more places.
There is no difference but you spend more to be able to spend bitcoin. (or any magic altcoin that is created out of nothing)

[finlon]

Its a new technology and there is always doubt on where it will be in the next 10 years. Why does the value of bitcoin matters? I thought the interesting part about bitcoin was the technology it offers and people wanting to use it can try it out whenever they want to, instead of holding large amounts of it. Also, I doubt it will become a mass adopted  curreny , as the fluctuations in prices will demotivate people from holding large amounts of it.

[arbitrage001]

People are waking up and realizing shit, if I have to pay stupid transaction fees like a credit card
why go through all the extra effort?
Might as well just buy a moneypak, it's accepted at more places.
There is no difference but you spend more to be able to spend bitcoin. (or any magic altcoin that is created out of nothing)

Yes. The argument bitcoin charges less than credit card on transaction fee is not entire accurate since no merchant want to hold coin over night.

[twiifm]

Ask yourself the opposite question.  Why should bitcoin have any value in the first place?

Most people who aren't bitcoiners think its worthless

[Borisz]

People are waking up and realizing shit, if I have to pay stupid transaction fees like a credit card
why go through all the extra effort?
Might as well just buy a moneypak, it's accepted at more places.
There is no difference but you spend more to be able to spend bitcoin. (or any magic altcoin that is created out of nothing)

+1

[johnyj]

Not only bitcoin, all the other currency are falling against USD, since FED started to tightening. Actually if measured in JPY, bitcoin is not losing value.

This is a good test about bitcoin's bubble level, a bubble will always burst when FED start to tightening, while things with real demand will not be affected too much

[WestHarrison]

Because at the current rate about 3600 bitcoins are created everyday and the market quite simply doesn't show enough demand to keep up with so many new bitcoins being created. I think it will keep struggling until the Halving.

[finlon]

Because at the current rate about 3600 bitcoins are created everyday and the market quite simply doesn't show enough demand to keep up with so many new bitcoins being created. I think it will keep struggling until the Halving.

It might struggle till halving, but that won't guarantee that the price will increase. However there is a high chance it will. hard to predict.

[kutaka]

I believe it is due to people misspelling "losing". Every time somebody misspells "lose" or "losing", somebody else gives up hope for humanity and dumps their bitcoins.

Haha, sometimes I think that it's some curse of bitcointalk.

[worle1bm]

Bitcoin is is losing value because the value was inflated in the first place. Bitcoin pricing has been chaotic because unregulated, non-transparent exchanges control the price.