Bitcoin Forum
October 22, 2017, 05:44:09 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin's "Price" Drop  (Read 1489 times)
freedombit
Sr. Member
****
Offline Offline

Activity: 274


View Profile
October 01, 2014, 05:07:52 AM
 #1

If you think the price of Bitcoin is dropping, you are taking the wrong measurement.
1508694249
Hero Member
*
Offline Offline

Posts: 1508694249

View Profile Personal Message (Offline)

Ignore
1508694249
Reply with quote  #2

1508694249
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508694249
Hero Member
*
Offline Offline

Posts: 1508694249

View Profile Personal Message (Offline)

Ignore
1508694249
Reply with quote  #2

1508694249
Report to moderator
1508694249
Hero Member
*
Offline Offline

Posts: 1508694249

View Profile Personal Message (Offline)

Ignore
1508694249
Reply with quote  #2

1508694249
Report to moderator
1508694249
Hero Member
*
Offline Offline

Posts: 1508694249

View Profile Personal Message (Offline)

Ignore
1508694249
Reply with quote  #2

1508694249
Report to moderator
genco
Newbie
*
Offline Offline

Activity: 22


View Profile
October 01, 2014, 05:43:01 AM
 #2

Nonsense. It is lower in value when measured against anything. You are not deep
franky1
Legendary
*
Offline Offline

Activity: 1834



View Profile
October 01, 2014, 06:22:43 AM
 #3

Nonsense. It is lower in value when measured against anything. You are not deep

if you know what happened in january, when mtgox didnt have much volume, and not much if any actual bank account movements were happening. and you woke up and realised whn the price went down from $650 to $450 in january. and then you started to see mtgox tank down to $100.. i hope you woke up and realised no one was actually arbitraging the price across exchanges and most were just sheep following gox.

WELL....

same thing is happening now, AMLKYC is stopping whales loading more than 25btc into exchanges like btc-e as banks are getting reports and causing head aches. most trade is now on OTC/localbitcoins. far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550

so yea be an ignorant sheeple that believes that a crappy exchange that only does 12k in day trade and maybe 1k in bank movements. where only 200 coins makes a market cap move from $6bill to $5bill ...

yea, you carry on getting suckered into fake and manipulated pricing, while the rest of us trade properly where the real action is, and where the real healthy prices lay.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
Wary
Hero Member
*****
Offline Offline

Activity: 798


Who's there?


View Profile
October 01, 2014, 06:37:48 AM
 #4

Nonsense. It is lower in value when measured against anything. You are not deep
Probably OP means that bicoin is the measure of price, so price of bitcoin cannot change by definition: one bitcoin always worth one bitcoin.

Fairplay medal of dnaleor's trading simulator. Smiley
DukeofZill
Jr. Member
*
Offline Offline

Activity: 40


View Profile
October 01, 2014, 06:42:15 AM
 #5

far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550


I wish I could sell a bitcoin locally for $550

Whos is the boss?
Totscha
Sr. Member
****
Offline Offline

Activity: 454



View Profile
October 01, 2014, 06:58:47 AM
 #6

Nonsense. It is lower in value when measured against anything. You are not deep

if you know what happened in january, when mtgox didnt have much volume, and not much if any actual bank account movements were happening. and you woke up and realised whn the price went down from $650 to $450 in january. and then you started to see mtgox tank down to $100.. i hope you woke up and realised no one was actually arbitraging the price across exchanges and most were just sheep following gox.

WELL....

same thing is happening now, AMLKYC is stopping whales loading more than 25btc into exchanges like btc-e as banks are getting reports and causing head aches. most trade is now on OTC/localbitcoins. far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550

so yea be an ignorant sheeple that believes that a crappy exchange that only does 12k in day trade and maybe 1k in bank movements. where only 200 coins makes a market cap move from $6bill to $5bill ...

yea, you carry on getting suckered into fake and manipulated pricing, while the rest of us trade properly where the real action is, and where the real healthy prices lay.

Those damn rotten bastards! Only allowing deposit of large sums to people who get verified.

You can almost get the impression the KYC/AML procedures are there to prevent people from laundering money anonymously...

Shameless affiliate link:
 Get your Wirex Bitcoin Visa card with 25% discount
Full disclosure: You get the Wirex card at 25% discount, I get 10% of your fees.
Minerjoe
Sr. Member
****
Offline Offline

Activity: 378


View Profile
October 01, 2014, 07:08:35 AM
 #7

Just hold people. The price will bounce back.

kerafym
Full Member
***
Offline Offline

Activity: 167


View Profile
October 01, 2014, 07:40:14 AM
 #8

If you think the price of Bitcoin is dropping, you are taking the wrong measurement.

What measurement is pointing the price higher?
Rigon
Sr. Member
****
Offline Offline

Activity: 350


View Profile
October 01, 2014, 09:37:13 AM
 #9

far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550


I wish I could sell a bitcoin locally for $550

your not the only wishing so, to sell bitcoins for at least 500 USD,  I think btc priced is way undervalued at this moment.

Soros Shorts
Donator
Legendary
*
Offline Offline

Activity: 1587



View Profile
October 01, 2014, 11:26:27 AM
 #10

far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550


I wish I could sell a bitcoin locally for $550
Have you tried? I know a guy who is currently selling in that price range on LBC. He is reliable, well trusted and comes to your location. I used to be his supplier of freshly of mined coins, but I am no longer selling (I have electricity and hosting costs covered for the next 12 months so I don't need the fiat). He has offered to buy from me above BitStamp and BitFINEX prices.
OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 1078



View Profile
October 01, 2014, 11:44:59 AM
 #11

Since Paypal is encouraging the use of BTC ... will this means that the price will rise or go down ?  Huh

Mudd
Member
**
Offline Offline

Activity: 78


View Profile
October 01, 2014, 12:15:41 PM
 #12

I'm conflicted about how I feel about the price and have contradictory opinions on it. At the core 1 bitcoin will always be worth 1 bitcoin, but of course the fiat value is what we price it in. I wish for stability, but also for the price to rise, but I realise we can't have one without the other.
DukeofZill
Jr. Member
*
Offline Offline

Activity: 40


View Profile
October 01, 2014, 09:03:41 PM
 #13

far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550


I wish I could sell a bitcoin locally for $550
Have you tried? I know a guy who is currently selling in that price range on LBC. He is reliable, well trusted and comes to your location. I used to be his supplier of freshly of mined coins, but I am no longer selling (I have electricity and hosting costs covered for the next 12 months so I don't need the fiat). He has offered to buy from me above BitStamp and BitFINEX prices.

Well when dealing locally you get a higher rate, above bitstamp prices typically. But no where near a $100-$150 premium.

Whos is the boss?
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378


View Profile
October 01, 2014, 09:32:03 PM
 #14

Nonsense. It is lower in value when measured against anything. You are not deep
Probably OP means that bicoin is the measure of price, so price of bitcoin cannot change by definition: one bitcoin always worth one bitcoin.

I think OP means that if you use BTC for its intended purpose, to buy goods and services from the merchants that have adopted bitcoin, you will get approximately two thirds less than you would have when BTC's price was $1,200.
Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 728



View Profile
October 01, 2014, 10:01:48 PM
 #15

Nonsense. It is lower in value when measured against anything. You are not deep
Probably OP means that bicoin is the measure of price, so price of bitcoin cannot change by definition: one bitcoin always worth one bitcoin.

I think OP means that if you use BTC for its intended purpose, to buy goods and services from the merchants that have adopted bitcoin, you will get approximately two thirds less than you would have when BTC's price was $1,200.
Furthermore, if you use BTC for its intended purpose, to buying goods and services the merchants just market dump your BTCs on exchanges and create sell pressure that can drive the price down even more.

A win-win situation right? Right guys?
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!