Bitcoin Price Is Not Rebounding,why?

[fantasticoin]

It will hit 250 by the end of the month im sure.

Lol at your username.

Hahaha..  I just thought this guy's Indian.

[Deepanal]

It will hit 250 by the end of the month im sure.

Lol at your username.

What? My name is Dee Panal? Whats so funny about that? LOL 

[Coinbuddy]

Bitcoin almost dead ''355.5$" 

[resya]

The fact that bitcoin hasn't rebounded yet does indicate that it could go down, possibly much more. I predict it will go below 300 next month, that would definitely open some eyes and start a buy trend.. but truthfully, i know nothing.

[Mrzinzin]

his real value is the trade price.

Try sell higher than the trade price or buy lower. You won't. So any real price that is not the trade price is fake price.

[RonPaulBTC]

You are arbitrarily giving Bitcoin "a price", while Bitcoin has the price it deserves, what people want to give it. If you think Bitcoin is undervalued, sell at  above market price to try to drive the price up.

[TaunSew]

Bitcoin is 500K-2M real users.  It'll be speculation until mainstreet comes in.  If they come in, it's all over the media for year(s) and yet nobody is feeling compelled to use it.

[Coinbuddy]

Bitcoin still at 356$

[fairglu]

Bitcoin still at 356$

Hmmm... $336 right now.

[Coinbuddy]

Bitcoin Mummy is preparing

[kolloh]

I think a lot of this stems from merchants dumping their bitcoins for fiat instantly on sale. We have more merchants than we did in the past and therefore more sell off which lowers the price. Hopefully bitcoin becomes more than a pathway to fiat for merchants which will increase its value and demand.

[TwaiteTokyo]

This is only one reason people are getting smarter

[DustyRah]

This is good for Bitcoin. We need to get a lot lower to shake out all the weak hands. Plus, lower prices means cheaper coins for us true believers! Imagine how many coins we'll buy if we ever go sub 100!!! We'll buy thousands of them! Then, when we drop below $50, we'll buy tens of thousands! Promise!!!

So you plan to buy a whole bunch of btc at $100 and then lose half its value at $50 to buy more?

The price is going down because traders are trading the crap out of btc. As soon as price goes up, they sell and then they buy back when the price drops!

[cassimares]

Its down cause its month end. People need to pay bills.

[ravenjt]

I think a lot of this stems from merchants dumping their bitcoins for fiat instantly on sale. We have more merchants than we did in the past and therefore more sell off which lowers the price. Hopefully bitcoin becomes more than a pathway to fiat for merchants which will increase its value and demand.

The problem is not with merchants selling btc, but rather that consumers are not repurchasing btc after spending it. The value of btc is in exchange, not in holding.

[NeuroticFish]

In the past bitcoin was the only way to hide your wealth. Quite a lot did that. Quite a lot thought that bitcoin is fully anonymous and used it for illegal stuff. And got burned.

Now there are a lot of altcoins for all that, some of them much closer to 100% anonymous. A lot of "bytes" where to spread the wealth. So yeah, there's not much demand for bitcoin, the price falls.

Still, bitcoin is far from dead. And I don't think it will die soon. All the altcoins are bought and sold through bitcoin. There are very very few of them you can trade directly for fiat and usually the additional fees are bigger.

[cbeast]

Altcoins are side branches in evolution. Their ideas will be used in Side Chains backed by bitcoins nearly  100%. You will pay a little to use the side chains for things like anonymity (where it's legal) or demurrage for shopping sprees. You won't ever be completely locked into them if they fail because there will be a protocol level mechanism for cashing out back into bitcoin.

[transient858]

So long as manufactures can lower the cost of production for btc, it will continue to drop until it reaches production cost.