Why Bitcoin price are dropping?

[BTC-TMXSTAR]

Hi forumers!

Why Bitcoin price are dropping?

could we make the price rise again? how?


Sorry for my BAD English
Thanks advance
and
God Bless!!!!!

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[avw1982]

Hi forumers!

Why Bitcoin price are dropping?

could we make the price rise again? how?


Sorry for my BAD English
Thanks advance
and
God Bless!!!!!

It's just a game of a supply and demand.

[Buziss]

Hi forumers!

Why Bitcoin price are dropping?

could we make the price rise again? how?


Sorry for my BAD English
Thanks advance
and
God Bless!!!!!

It's just a game of a supply and demand.

Exactly, bitcoin price is determined by market forces, ie supply and demand only.

It is very easy to make bitcoin price go up. You just need to have a very deep pocket, and put a lot of buy orders on exchanges.

[wadili89]

Mores supply than demand. There is the auction of the seized Bitcoins too which is decreasing the price as big buyers are buying there instead.

[Q7]

Supply - amount of bitcoin in circulation. which comes from mining and from people willing to sell at certain defined price
Demand - the bitcoin price a buyer is willing to pay.

If supply outweighs demand, price will go down and vice versa.

The price dropping could be due to several factors.
There are too many bitcoins in circulation and less buyers
Miners are dumping coins and increases the supply
There is no demand for bitcoin to pay for other goods or service
buyers are not willing to pay because they think bitcoin price is too high and this puts pressure on price

[ChuckBuck]

Mostly BTC Whales manipulating the price when they dump.

The price drop is a combination of market related activity and the sell offs by miners and merchants.

Once adoption is greater and the greater public has incentive to participate, you'll see more buys and a price hike.

[1Referee]

Currently the price remains fairly stable, which is a nice thing.

Especially for merchants who are keeping the coins instead of converting them to fiat directly.

At this point there is nothing that can make the price go up, but just a few days before we enter the new year something might happen.

[megamore]

The value of bitcoin is defined by speculators, not by any notion of fair value and move extreme because very thin market.
Bitcoin is now behaving like a currency.

[LOBSTER]

Supply and demand.

Much supply and low demand -> Low price

Low supply and high demand -> High price

[pooya87]

Hi forumers!

Why Bitcoin price are dropping?

could we make the price rise again? how?


Sorry for my BAD English
Thanks advance
and
God Bless!!!!!

it is all about Supply and demand the more supply the lower the price and vise versa , the more the demand the higher the price

[kinnu]

Bitcoin price is stuck at 350$ it needs a breakout for new uptrend.

[virtualx]

The bitcoin market moves like the wind: sometimes up, sometimes down, sometimes storm 

[balu2]

Hi forumers!

Why Bitcoin price are dropping?

could we make the price rise again? how?


Sorry for my BAD English
Thanks advance
and
God Bless!!!!!

btc is inflationcoin. Come back in 8 years, you're too early. Too much supply. 10% inflation this year. Not good for the price of course. Bitcoin is plentyful for years to come thus valued accordingly. Before it will rise it will have to stagnate. (my 2 cents)

[Brewins]

no China = no 1+ billion people buying like crazy

more BTC acceptance = more coins dumped to fiat at sight

the two facts = bitcoin price melting down

simple

[darkangel11]

Hi forumers!

Why Bitcoin price are dropping?

could we make the price rise again? how?


Sorry for my BAD English
Thanks advance
and
God Bless!!!!!

btc is inflationcoin. Come back in 8 years, you're too early. Too much supply. 10% inflation this year. Not good for the price of course. Bitcoin is plentyful for years to come thus valued accordingly. Before it will rise it will have to stagnate. (my 2 cents)

That's what I was thinking. Mining brings a lot of coins to the market and the popularity of bitcoin raises slowly. The price will go up eventually, but it may take even 2 or 3 years before it reaches $1000 again.

[LiteCoinGuy]

because people sell.

[LOBSTER]

Supply and demand.

Low supply - high demand -> High price

High supply - low demand -> low price

According to this, there isn't balance so that the Bitcoin price is very volatile.

[syahrere]

sell bigger than bought, right?
 sorry newbie 

[Slark]

no China = no 1+ billion people buying like crazy

more BTC acceptance = more coins dumped to fiat at sight

the two facts = bitcoin price melting down

simple

Do you remember bitcoin price from last year? Exactly around this time? Bitcoin was worth about 3x current price. And I did not see any China markets then.

[Babba D]

not really it dropped man !

[avw1982]

not really it dropped man !

Everything that's come down, must go up.

[Kluge]

not really it dropped man !

Everything that's come down, must go up.

That would suck... always being pulled into the atmosphere, sitting on our ceilings and suddenly needing to run extension cords for everything. Better fix yer roof, Jim -- that thing gives now and you'll be floating out into space.

I wonder what some of the earliest solutions to that'd be. Can't use large electro-magnets most places anymore without major destruction... tethers are too manual and complicated for our LCDs... maybe stuff people inside "normal air" balloons with a helium outer balloon short-term. Hot air would be "rising down"..... though I'd guess it'd be pretty likely to pop since it'd probably be pushing against something solid.

Would be pretty cool if the atmosphere could keep all our water in, and then we'd have land toward the center of Earth (assuming it doesn't slowly explode) and a giant ocean on the "inside lining" we're all floating to.


uhhhh.... @OP - nobody can really answer that. Don't ever trade on fundamentals unless it's paying a dividend. There're too many known unknowns, unknown unknowns, and unknowns we claim to be able to predict based on numerology, chartism, and gut feelings. It's just something to talk about where everyone can pretend to be an expert, like how CNBC talking heads ramble on about the implication of "consumer confidence indices" - don't take it too seriously, though.

[Babba D]

Ifbitcoin was stable there would not have that much fun, so its good to go up and down

[blablaace]

price is dropping because number of daily transactions are decreasing 

[gkv9]

Basically depends upon the interest of buyers and sellers, just as given an example before (below):

Supply and demand.

Low supply - high demand -> High price

High supply - low demand -> low price

According to this, there isn't balance so that the Bitcoin price is very volatile.

[arieq]

price is dropping because number of daily transactions are decreasing 

nope, daily transactions are increasing. I think the price is steered by miners at this moment creating downward pressure, too many big miners stepped up pushing difficulty up and cashing out too fast for the market to adjust

[Slark]

price is dropping because number of daily transactions are decreasing 

nope, daily transactions are increasing. I think the price is steered by miners at this moment creating downward pressure, too many big miners stepped up pushing difficulty up and cashing out too fast for the market to adjust

That it exactly what arieq said. Transactions would never decrease in numbers in the future it will be always more and more transactions. But even if hypothetically transaction number decreased somehow that is not factor that explain low bitcoin price in my opinion.

[Brewins]

price is dropping because number of daily transactions are decreasing 

the number of transactions is not decreasing.

Also there is no way to connect more or less value due to more or less transactions, when there are lots of off chain transactions and the value of each transaction can vary

[blablaace]

I am not talking about the situation now, I speak in general.

Keep in mind that most of off-chain transactions are used for lower-value transactions because only 7 transactions per second are allowed.

[resya]

price is dropping because number of daily transactions are decreasing 

nope, daily transactions are increasing. I think the price is steered by miners at this moment creating downward pressure, too many big miners stepped up pushing difficulty up and cashing out too fast for the market to adjust

Exactly, miners are bringing the price down no doubt. I still suspect stolen gox coins... that could have been part of the big sell off last month...

[BlindMayorBitcorn]

no China = no 1+ billion people buying like crazy

more BTC acceptance = more coins dumped to fiat at sight

the two facts = bitcoin price melting down

simple

This. China is a great nation of speculators. Even now, when the market moves you can thank them; 70% of trades in bitcoin are still in Yuan, remember

[BeginToMine]

Thanks those chinese guys, last year they made a better job though.

[moneybat]

You can't tell, BTC price is based on the buy/sell and in this time it's not doing as it used to do before (big news = tons of buy orders and price jumps) it tends to be more stable overall. Even though BTC price isn't jumping it's future uses are growing.

[kotwica666]

Price is always changing. It will increase when they will become more popular.

[newflesh]

Could be lots of reasons: merchant adoption, whales cashing out, supply & demand, harsh government regulations etc etc

Plenty of theories on the speculation board  https://bitcointalk.org/index.php?board=57.0

You have to think longterm with btc prices.

[kotwica666]

Could be lots of reasons: merchant adoption, whales cashing out, supply & demand, harsh government regulations etc etc

Plenty of theories on the speculation board  https://bitcointalk.org/index.php?board=57.0

You have to think longterm with btc prices.

or drug dealers  no joke 

[rz20]

Hi forumers!

Why Bitcoin price are dropping?

could we make the price rise again? how?


Sorry for my BAD English
Thanks advance
and
God Bless!!!!!

It has had almost the same price for 2 months just some weeks it is been pumped and the next day dumped.

[1Referee]

Ifbitcoin was stable there would not have that much fun, so its good to go up and down

So you would rather watch your investment being worth $1000 today, and next week $600, and the other week $800?

To you it might seem funny, but the average Joe likes stability.

[hbhomer]

prices are dropping because bitcoin becomes more and more centralised i.e. concntrated in the hands of big companies,investors and sharks
driving smaller miners out and allowing to dictate the exchange rates by playing with the volumes traded and rates therefore

[silvestar]

Ifbitcoin was stable there would not have that much fun, so its good to go up and down

So you would rather watch your investment being worth $1000 today, and next week $600, and the other week $800?

To you it might seem funny, but the average Joe likes stability.

And it makes no business willing to accept bitcoin directly but all of them will accept bitcoin through bitpay or coinbase which sell bitcoin right away.

[silvestar]

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.

[Amph]

it has been very stable lately, the drop is long gone for now, dunno what you are talking about...

those are simple swings, you can't expect the price to stuck at certain value forever

[bitkilo]

Hi forumers!

Why Bitcoin price are dropping?

could we make the price rise again? how?


Sorry for my BAD English
Thanks advance
and
God Bless!!!!!

You and you alone could make the price rise, here's what you do,
Start buying up every coin on every exchange out there, have runners in countries buying from all the atm's and hit localbitcoins in every country also.
Within hours the price will start to skyrocket 

[Soha]

  Many people selling so it's price will be decreased. That's easy to understand.

[HashFarmer]

Its good that its dropping so I can accumulate more and sell it 1 month after bitcoin halving

[silvestar]

Its good that its dropping so I can accumulate more and sell it 1 month after bitcoin halving

Even if the halving has a positive effect on bitcoin price, it will take a longer time than 1 month.
Last halving happened on Nov 2012, and the price stayed stable for about 2 months.

[madmax6688]

Its good that its dropping so I can accumulate more and sell it 1 month after bitcoin halving

Hopefully the halving affects the price well!

[gkv9]

Microsoft accepting Bitcoins for its Games and Music section currently makes it more optimistic for the members of BTC...

They can easily do transactions with this crypto, and it may be profitable for such companies if the prices remain stable, then why do you feel that the prices are dropping?

There are many who come in and get out taking small profits as they just need fiat profits, but they don't know that Bitcoins ain't just stocks or commodities, they are currencies... And BTC is the future, it will surely be used and will be in circulation everywhere 1 day...

https://www.youtube.com/watch?v=tP6-xQoO9PI = Check this out...

[yrask]

Because there aren't any important news in the market now except Microsoft? Consider that if no one invest, price will not raise.

[kotwica666]

just because now people need money for christmas and selling their reserves for gifts for example

[gkv9]

Because there aren't any important news in the market now except Microsoft? Consider that if no one invest, price will not raise.

Why anyone won't? BTC is getting ready for a 2.0, and you still think it's a dump? I ain't declaring that it's gonna skyrocket or something, but the way it's currently behaving is way better than being so liquid that no one may decide what's a stable situation and price for the same...

[LiteCoinGuy]

[BTC-TMXSTAR]

hahahaha, thats awesome!

[Amph]

because people sell.

but that mean that someone is buyng

more correctly because sellers are above buyers

not enough buyers

but anyway i don't see a big problem here we are talking about few dollars decline

[edward_cullen]

just because now people need money for christmas and selling their reserves for gifts for example

This in combination with a lot of other factors maybe.

[nanocoind]

There are a lot of factors but it is probably (guess) going to get better next year.

[kotwica666]

There are a lot of factors but it is probably (guess) going to get better next year.

This is what I think. Next year I expect that price will start to slowly grow.

[Velkro]

that is because people are selling and buying every minute. also miners mine new bitcoin and mostly sell it on the market. so the selling will reduce the price

miners sell... and no demand currently because of other for example christmas expenses
in 2015  price will go up

[ChuckBuck]

Besides the obvious selling and shorting by traders and bearwhales, it's a bunch of other factors as well.

-The huge miner farms converting BTC immediately to fiat to cover electrical and cooling costs
 
-The payment processors BitPay and Coinbase changing BTC to fiat as soon as a purchase is made from Dell, MS, Expedia, etc

-Hoarders/Hodlers(like myself), not transacting or buying more Bitcoin, or not spending it either.

Hopefully 2015 will be an upward climb instead of the downward slope we've seen for this year.

Just have to keep plugging away and each do our part, things can change very rapidly.

[superSTAR777]

all depends on the needs and supply from people !

[lynn_402]

that is because people are selling and buying every minute. also miners mine new bitcoin and mostly sell it on the market. so the selling will reduce the price

miners sell... and no demand currently because of other for example christmas expenses
in 2015  price will go up

Well, November and December of last year were great months for Bitcoin and the price went up to a new order of magnitude, so I think it's wrong to blame the current low price simply because of "christmas expenses".

[xdrpx]

There could be several reasons why the price dropped since yesterday, could be because of the festive season approaching and people are selling their bitcoins to do their festive shopping. When few notice the price drop a lot, this creates a whiplash effect causing more people to panic sell. The price of Bitcoin has reached below the support. There will be a point at which the price becomes quite low and people will tend to mass buy and the price might stabilize and again get better.

So far the price has risen from today mornings price of $304 to $315

[kotwica666]

that is because people are selling and buying every minute. also miners mine new bitcoin and mostly sell it on the market. so the selling will reduce the price

miners sell... and no demand currently because of other for example christmas expenses
in 2015  price will go up

Well, November and December of last year were great months for Bitcoin and the price went up to a new order of magnitude, so I think it's wrong to blame the current low price simply because of "christmas expenses".

Of course, it is not the fault of Christmas. Certainly there are many reasons. I think it may also have the effect of oil price. Traders may now prefer to buy oil, because they hope that next year the price will jump .. Why not?

[cakir]

I bet on "Russians".

There's a virus called "Cryptolocker" which is Russian made.

They're selling "unlocker software via bitcoin". I guess there're lots of people who caught this virus...

[kotwica666]

I bet on "Russians".

There's a virus called "Cryptolocker" which is Russian made.

They're selling "unlocker software via bitcoin". I guess there're lots of people who caught this virus...

Did you check your pc? 
If people will buy more BTC price will be rising .. no dropping..

[cakir]

I bet on "Russians".

There's a virus called "Cryptolocker" which is Russian made.

They're selling "unlocker software via bitcoin". I guess there're lots of people who caught this virus...

Did you check your pc? 
If people will buy more BTC price will be rising .. no dropping..

Nope, your logic is just so simple. You're thinking one way.

These hackers collect BTC in time so Price isn't affected too much. Day traders got their purchase profit.

Then hackers dumped those BTCs.

Do you need further explanation?

[kotwica666]

I bet on "Russians".

There's a virus called "Cryptolocker" which is Russian made.

They're selling "unlocker software via bitcoin". I guess there're lots of people who caught this virus...

Did you check your pc? 
If people will buy more BTC price will be rising .. no dropping..

Nope, your logic is just so simple. You're thinking one way.

These hackers collect BTC in time so Price isn't affected too much. Day traders got their purchase profit.

Then hackers dumped those BTCs.

Do you need further explanation?

No of course now i get it
But seriously - do you think that they are earning so much?

[elliwilli]

Because supply outstrips demand.
simple economics!

[ChineseSavior]

personally I like when the price drops. Not sure why anyone would think it would just shoot up forever? That wouldnt make any sense. Not sure why people invest in it like a stock either but uh i will just pretend like i never think that

[arieq]

personally I like when the price drops. Not sure why anyone would think it would just shoot up forever? That wouldnt make any sense. Not sure why people invest in it like a stock either but uh i will just pretend like i never think that

80% people buy bitcoin to make money, 10% buy it for reasons they can't explain even to themselves, the rest 10% are learning, shopping, preaching, etc. which one are you ?

[KingZee]

personally I like when the price drops. Not sure why anyone would think it would just shoot up forever? That wouldnt make any sense. Not sure why people invest in it like a stock either but uh i will just pretend like i never think that

I like when the price drops as well because it makes it easier to buy in. Even though at the moment I wouldn't care anymore about its price as well since I'm trading it in altcoins, so the value of btc/usd is irrelevant. But if (WHEN) it goes up 500USD+, I'll turn it into cash again.

[cakir]

I bet on "Russians".

There's a virus called "Cryptolocker" which is Russian made.

They're selling "unlocker software via bitcoin". I guess there're lots of people who caught this virus...

Did you check your pc? 
If people will buy more BTC price will be rising .. no dropping..

Nope, your logic is just so simple. You're thinking one way.

These hackers collect BTC in time so Price isn't affected too much. Day traders got their purchase profit.

Then hackers dumped those BTCs.

Do you need further explanation?

No of course now i get it
But seriously - do you think that they are earning so much?

Imagine that; "virus + spam" can reach millions of people.  (let's say 2 million people got it)
Only 0.1% of it believed this spam and run it and got virus. So there's 2000 infected pc's.
If they're connected a local network; virus will spread.
Let's say; total 5000 pc's got virus.
If these people are dumb enogh to got it; They can't clean it.
So at least 50% of them have to buy the unlocker...
2500 people just pays 1 btc to buy it.
That's nearly 1 million USD. It's quite enough to crash the market.

Just a reminder; these russian guys are smart enough so they're working regional. For instance; There're ~35 million ADSL user. And most of them are using TTNet. Those guys used a phishing page to infect pc's.
TTNet published a post about it to warn customers. (In Turkish); http://www.ttnet.com.tr/bireysel/Hakkinda/duyurular/Sayfalar/TTNET-E-Fatura-E-Mail-Bilgilendirmesi.aspx
Turkey's biggest btc market published a post about this virus recently (In Turkish); http://blog.btcturk.com/?p=2051


http://www.ibtimes.co.uk/cryptolocker-criminals-earn-30-million-100-days-1429607

[kotwica666]

Looks dangerously ..
But how we can be sure that all of the 5000 infected pc's have BTC wallet? I don't think there is so many BTC users.. 
This story is nice speculation.
Thanks for warning.

[Amph]

you just need  abackup for that virus, dunno why people can't make a simpe backup...

[lynn_402]

personally I like when the price drops. Not sure why anyone would think it would just shoot up forever? That wouldnt make any sense. Not sure why people invest in it like a stock either but uh i will just pretend like i never think that

I like when the price drops as well because it makes it easier to buy in. Even though at the moment I wouldn't care anymore about its price as well since I'm trading it in altcoins, so the value of btc/usd is irrelevant. But if (WHEN) it goes up 500USD+, I'll turn it into cash again.

Even when trading altcoins, I find that the btc/usd market is still relevant, since most altcoins stay relatively fixed to Bitcoin's price.
i.e. if Bitcoin jumps to 400$ tomorrow, Doge will probably remain near 60 sat, so it will be a net gain.

[irfan_pak10]

BTC because no one selling his btc at that low rate. Every one wanted to sell there btc at high rate that's why they preserving it. And due to low trade of btc its price it getting down

[cakir]

Looks dangerously ..
But how we can be sure that all of the 5000 infected pc's have BTC wallet? I don't think there is so many BTC users.. 
This story is nice speculation.
Thanks for warning.

I guess you've missed the case. This virus doesn't steal any BTC directly from wallet.

It's using the virus to sell unlocker via BTC.
Check this link; http://www.ibtimes.co.uk/cryptolocker-criminals-earn-30-million-100-days-1429607
This was 1 year ago.

This virus got popular last a few months. And they made big score again...

[EternalWingsofGod]

because people sell.

Yep I guess because its still not easy for people to use it
Well beyond a certain technology level, and it can't target the rich seniors with a lot of money

[rz20]

because people sell.

Yep I guess because its still not easy for people to use it
Well beyond a certain technology level, and it can't target the rich seniors with a lot of money

People or my friends, don't know why the shoul use bitcoin when they can make exactly the same with the money they have. There isn't even a real marketplace for bitcoin.

[Bananana]

Majority make huge loses so if they sell it they can claim some tax. Expect the price to rise on January.

[lili song]

Majority make huge loses so if they sell it they can claim some tax. Expect the price to rise on January.

damn..I holding about BTC 1 after receive my stellar trading....
Hope bitcoin will raise up soon

[311]

Majority make huge loses so if they sell it they can claim some tax. Expect the price to rise on January.

I'm not sure if this is true. Many times I just don't think there's any logic to the price rise and fall but it seems to have a spiral effect and then people panic buy or sell.

[micky123]

I am just going to stick to my theory, lots of people are cashing out for the holiday season. Bitcoin is good, you can use it to buy a few gifts maybe, but you cannot buy everything for bitcoin (as of right now). This will always be the case as more mainstream adoption is driven. earlier it had gone up in november, but that was when people who knew what they were doing, invested in BTC and then eventually normal people (mainstream) felt they missed the bus and began to see what BTC had to offer and the potential to use it as an investment vehicle. They started investing in BTC and these are the people who are like you and me, who need to buy gifts and spend on festivals like Christmas & Thanksgiving. So when these festivals come around, there is a mad rush to convert BTC to fiat. This is the time the traders take advantage and push the prices lower so they can buy at cheap rates. Once the holiday season is over,  you will see the price go back up!

[Redwan]

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   

[picolo]

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   

It was 10$ then 100$ in 2013 then briefly 1000$ then 700$ 500$ 340$, the long term rally is continuing.

[Chavez]

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   

Of course it's dropping. It took a big hit recently and look at the price compared to this time last year. I think it's lost nearly 2/3 of its value since then.

[silvestar]

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.   

Why the heck do you copy and paste my old post? Are you a bot?

[cakir]

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.   

Why the heck do you copy and paste my old post? Are you a bot?

Because he earns btc by posting...
He's not trying hard to create "constructive post" just steals them

[picolo]

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   

Of course it's dropping. It took a big hit recently and look at the price compared to this time last year. I think it's lost nearly 2/3 of its value since then.

It dropped from the ATH because a high price between 700$ and 1100$ was not sustainable. 320$ is still high compared to the average price of 2013

[arieq]

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   

Of course it's dropping. It took a big hit recently and look at the price compared to this time last year. I think it's lost nearly 2/3 of its value since then.

It dropped from the ATH because a high price between 700$ and 1100$ was not sustainable. 320$ is still high compared to the average price of 2013

yeah btc was stronger last year when the market cap was over 8 billion, now it's sitting under 5. A bitecoin miner now can only hope the price goes up so he can actually get an ROI to pay for his miner..

[lynn_402]

The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   

Of course it's dropping. It took a big hit recently and look at the price compared to this time last year. I think it's lost nearly 2/3 of its value since then.

It dropped from the ATH because a high price between 700$ and 1100$ was not sustainable. 320$ is still high compared to the average price of 2013

yeah btc was stronger last year when the market cap was over 8 billion, now it's sitting under 5. A bitecoin miner now can only hope the price goes up so he can actually get an ROI to pay for his miner..

Actually, I believe the best way for a bitcoin miner to make money would be to sell his rig to a noob on eBay, then buy the coin he believes in and hope for an eventual price increase.

[Sindelar1938]

Who cares? your view is as good as mine.
What matters is that this is a really good buying opportunity if you can hold long term

[resya]

I just dont understand why the price is going lower every day, is the fear of cyberterrorism combined with anonymity scares of a solid investor promoting btc to a legitimate world currency?

[BlindMayorBitcorn]

I just dont understand why the price is going lower every day, is the fear of cyberterrorism combined with anonymity scares of a solid investor promoting btc to a legitimate world currency?

Nobody stands in line to board a sinking ship

[Mobius7]

I just dont understand why the price is going lower every day, is the fear of cyberterrorism combined with anonymity scares of a solid investor promoting btc to a legitimate world currency?

Nobody stands in line to board a sinking ship

Sinking ship, when more and more big companies are starting to embrace bitcoin? Where did you get that idea from?

[kotwica666]

I just dont understand why the price is going lower every day, is the fear of cyberterrorism combined with anonymity scares of a solid investor promoting btc to a legitimate world currency?

Nobody stands in line to board a sinking ship

Sinking ship, when more and more big companies are starting to embrace bitcoin? Where did you get that idea from?

That's not sinking ship, but why market cap is going down if - as you wrote: "more and more big companies are starting to embrace bitcoin"? That's strange and for that price is dropping.. and of course more other things

[picolo]

I just dont understand why the price is going lower every day, is the fear of cyberterrorism combined with anonymity scares of a solid investor promoting btc to a legitimate world currency?

Nobody stands in line to board a sinking ship

Sinking ship, when more and more big companies are starting to embrace bitcoin? Where did you get that idea from?

That's not sinking ship, but why market cap is going down if - as you wrote: "more and more big companies are starting to embrace bitcoin"? That's strange and for that price is dropping.. and of course more other things

There is 10% more bitcoins than when we started the year so 320$ is about the same market cap as 350$ in January 2014

[SirChiko]

It's about offer and demand. Many people offer btc but less people are interested in buying or they want to buy at lower prices so they put lower bids and when miners/holders are in need of coins they sell for that lower bid making btc go down.
Also sometimes it's fear and panic caused by whales.

[kotwica666]

So guys.. Who tries to predict the price of BTC on January 1? 

318,00?

[AllTheBitz]

Kind of like the stock market once it starts going down people start freaking out and start selling.

[LFC_Bitcoin]

You need to buy now before the price rockets.

To Da Moon

[Brewins]

So guys.. Who tries to predict the price of BTC on January 1? 

318,00?

Probably same level as now, maybe between +30 and -10.

Bitcoin stopped to drop and now is in consolidation phase. After X months in consolidation we sill see another moon ride

[TriggerX]

This is part of the price cycles of bitcoin once this hits bottom the price will rise up to $5000.

[Sonny]

IMO it is logical to see the price going down when big companies accept bitcoin through Bitpay and Coinbase. The more people spending bitcoin, the more sell orders will appear on exchange.

[botany]

IMO it is logical to see the price going down when big companies accept bitcoin through Bitpay and Coinbase. The more people spending bitcoin, the more sell orders will appear on exchange.

True. I guess in the long run, large companies accepting bitcoin will result in higher prices.
As acceptance increases, the bitcoin economy will grow.

[BTC-TMXSTAR]

This is part of the price cycles of bitcoin once this hits bottom the price will rise up to $5000.

I hope this will happen

[arieq]

Well, despite the current low price of btc, at least we can take a look at the postive side, it took 11 months to crash it from $1200 but it only took 2 months from $150 too $1200 last year

[BTC-TMXSTAR]

Ughhhh, Bitcoin is very very low now. I think Bitcoin will might not recover anymore...  :/