Why Bitcoin price are dropping?

[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.