what are your thoughts on recent price drop?

[pooya87]

what are your thoughts on recent drop in BTC price?
is this week's 40$ drop in price gonna continue? or reverse?
is it a good time to invest?

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[turvarya]

Bitcoin will fail, sell it all now

[Nextgen]

Bitcoin will fail, sell it all now

i think you want to buy some cheap bitcoins before it boost up

well IMO price was just dropped bcoz USD getting stronger against all other currencies and commodities
we can see price drop in multiple commodities like gold,oil,silver and currencies like EUR,AUR,JPY against USD
so i don't thinks its a matter to worry about

bitcoin is preparing for rally

[rjclarke2000]

Bitcoin will fail, sell it all now

What is your evidence for this very negative prediction? I am interested in bullish predictions and bearish but I would like some information on why you think this.

[pooya87]

Bitcoin will fail, sell it all now

well comments like this are worth "nothing" until you explain your opinion a little bit!

[Minecache]

I'd rather the price fell so I could buy some more as I'm holding for the long-term.

[imamanandyou]

is this week's 40$ drop in price gonna continue? or reverse?

It might stop as well. The miners might be not selling so easily at a loss. So depends how much more profit miners still have to predict when the price should stop falling.

[nextgencoin]

Bitcoin will fail, sell it all now

What is your evidence for this very negative prediction? I am interested in bullish predictions and bearish but I would like some information on why you think this.

Clearly he is joking..


Bitcoin took a real hit from the recent dump probably from Etherueum goons dumping the proceeds of the sale, they have nothing good to give to to Crypto in my opinion. I think it also hit the confidence of people too but I think we will edge up to $500 as we hear of more bank failures etc. Bitcoin at $350-400 is hardly a disaster anyway!

[4theLOVEofCrypto]

Honestly, I think now is a great time to buy.  Even if it does continue to decline, there is NO WAY that BTC will every drop below $200 again.  

If by some miraculous event BTC drops to $100, you know how many people would buy?  I've already got the OK from my wife to take out a loan if it drops that low.  But it won't happen.  Too many big time investors to let this happen.

[LFC_Bitcoin]

I wouldn't like to see us drop much lower than the current price tbh.

[JimminyCricket]

I think the general BTC decline is all down to the East European mining monopoly being broken by new Chinese farms.

It's dropped this week because it's sliding off a dead cat bounce.

Price growth in the first half of 2015 - not likely, IMO.

If anything, further price decline (caused by farms immediately selling as they mine) is likely. At some point a new equilibrium will be reached.

[Arbitrageur]

Honestly, I think now is a great time to buy.  Even if it does continue to decline, there is NO WAY that BTC will every drop below $200 again.  

If by some miraculous event BTC drops to $100, you know how many people would buy?  I've already got the OK from my wife to take out a loan if it drops that low.  But it won't happen.  Too many big time investors to let this happen.

oh my god, after reading this post, I'm pretty sure it'll drop down to 100$
we are screwed!

[pooya87]

Honestly, I think now is a great time to buy.  Even if it does continue to decline, there is NO WAY that BTC will every drop below $200 again. 

If by some miraculous event BTC drops to $100, you know how many people would buy?  I've already got the OK from my wife to take out a loan if it drops that low.  But it won't happen.  Too many big time investors to let this happen.

oh my god, after reading this post, I'm pretty sure it'll drop down to 100$
we are screwed!

lol, if the price was changing with someone saying i sill buy if it goes below 100$ the price chart would be like a sinus equation chart thingy

[axel2078]

I'd rather the price fell so I could buy some more as I'm holding for the long-term.

Same here. No complaints from me as I have no doubt it will go up again.

[TheButterZone]

My attitude is that 999 trillion topics about this subject are...

https://www.youtube.com/watch?v=07So_lJQyqw

[Orangina]

Price is dropping because miners are selling them once they get them instead of holding them .

[LiteCoinGuy]

Bitcoin will fail, sell it all now

@TheButterZone

that will never change 

[Harvey Specter]

I'd rather the price fell so I could buy some more as I'm holding for the long-term.

Same here. No complaints from me as I have no doubt it will go up again.

Hopefuly before christmas so I can withdraw a few to pay for christmas presents 

[sublime5447]

The price has been falling for at least 10 months now and the reason is simple, bitcoins valuation blew up into a huge speculative bubble because idiots run around saying it as big as the internet and were all gonna be rich. The price is falling because bitcoin is tulips, .com stocks, beanie babies, baseball cards in the 90's, its all hype and it cant live up to the hype.

Another major reason is that there was fraudulent buying on MT.gox that pushed the price through the roof and people where so stupid they thought someone on the other end was actually willing to pay 1200 bucks for it.

The price will continue to fall because it already had its 15 min. of fame and no one cared. Bitcoin doesn't solve any problems for the average person.

So the price will continue down until it reaches close to the amount needed to facilitate the few trades that happen with bitcoin I would say about 22 bucks maybe much less.

 

[GailSan]

Well, on that positive note...