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fullhouse (OP)
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December 17, 2014, 07:31:07 PM |
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today bitcoin price drop quickly , is there any news of the negative?
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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redsn0w
Legendary
 Offline
Activity: 1778
Merit: 1042
#Free market
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December 17, 2014, 07:34:13 PM |
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today bitcoin price drop quickly , is there any news of the negative?
It is normal , more people are selling their bitcoin for buy the christmas gifts for the family. If you want to see the rise of bitcoin price , you have to wait after (maybe ~ before) the next block reward halving. |
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fullhouse (OP)
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December 17, 2014, 07:40:06 PM |
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today bitcoin price drop quickly , is there any news of the negative?
It is normal , more people are selling their bitcoin for buy the christmas gifts for the family. If you want to see the rise of bitcoin price , you have to wait after (maybe ~ before) the next block reward halving. maybe.. wish bitcoin will be better in 2015  |
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fullhouse (OP)
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December 17, 2014, 07:41:24 PM |
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by the way , the next block reward halving needs how long ? two years?
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redsn0w
Legendary
Offline
Activity: 1778
Merit: 1042
#Free market
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December 17, 2014, 07:42:35 PM |
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by the way , the next block reward halving needs how long ? two years?
~ 31-07-2016 19:42:02 UTC (84 weeks, 4 days, 4 hours) Source: http://bitcoinclock.com/ |
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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December 17, 2014, 07:45:02 PM |
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Difficulty keeps going down, that might be one of the reasons.
Use this drop in your advantage to buy up some coins.
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fullhouse (OP)
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December 17, 2014, 07:51:11 PM |
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by the way , the next block reward halving needs how long ? two years?
~ 31-07-2016 19:42:02 UTC (84 weeks, 4 days, 4 hours) Source: http://bitcoinclock.com/that would be a long time Difficulty keeps going down, that might be one of the reasons.
Use this drop in your advantage to buy up some coins.
yes i just bought some .  use my free money |
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PolarPoint
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December 17, 2014, 08:03:58 PM |
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I think users are starting to spend the bitcoin they hold because there isn't much news recently which could bring prices up in the near future. This is good for bitcoin as a currency.
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Joca97
Legendary
 Online
Activity: 3626
Merit: 1023
Cashback 15%
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December 17, 2014, 08:29:54 PM |
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well people need money for christmas hehe maybe thats why price going down  |
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dothebeats
Legendary
Offline
Activity: 3640
Merit: 1352
Cashback 15%
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December 17, 2014, 08:56:14 PM |
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Just a normal trend. People need money to buy gifts for their loved ones this Christmas, so they sell their precious bitcoins to fiat just to buy those.
How I wish more things can be bought with bitcoin. Wouldn't it be nice?
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Possum577
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December 19, 2014, 05:55:22 AM |
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Buying people presents for Christmas isn't the driver of declining prices. The driver is that there are more sellers than buyers. To everyone's Christmas point though, if more retailers accepted BTC and those retailers didn't want to sell their BTC as soon as payment was received you'd see a more stable price. For the recent news, check out www.coindesk.com, they usually have the latest. |
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WhatsBitcoin
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December 19, 2014, 06:25:31 AM |
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I doubt this is just christmas spending occurring. Anyone have thoughts of what truly is causing the downslide? I think it has to do with lack of substantial news for bitcoin and with ApplePay taking over the "new and exciting payment" news, bitcoin is now a burner story to a lot of news people.
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Get sick. Get well.
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Lethn
Legendary
Offline
Activity: 1540
Merit: 1000
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December 19, 2014, 07:47:15 AM |
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Well often the markets die down at christmas because almost everyone is away from their computers, I wouldn't really run around in a panic until after the first quarter of next year and yes, I'm being that specific.
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arieq
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December 19, 2014, 10:30:58 AM |
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Everyone has been selling btc for weeks, cheap gifts on black friday, need to buy christmas gifts soon, higher fuel bills due to colder weather, end of tax year soon, those make btc price keeps going down, I think 2015 will be a fresh start for bitcoin... Merry christmas and Happy new year  |
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LitcoinCollector
Legendary
Offline
Activity: 1092
Merit: 1000
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December 19, 2014, 10:44:01 AM |
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December 2013 is not going to repeat itself, but I have good hopes for mid 2015.
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rikkie
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December 19, 2014, 10:50:49 AM |
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It still stays a good price i find. The market is always a little bit calmer at the end of the year. That's so with everything. Maybe that can be a reason.
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btckold24
Sr. Member
Offline
Activity: 434
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
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December 19, 2014, 04:24:47 PM |
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Usually around the holidays I stop trading stocks as well. People tend to sell off assets to pay off credit cards and to buy gifts so you can see a drop off even though nothing fundamentally has changed.
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Aemon
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December 19, 2014, 04:31:17 PM |
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IT has been consistently going down all year, I think the bubble that spiked last year caused much of this. I don't think that value was supposed to sky rocket like that right away, it should go up gradually but it will just take some time
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Gianluca95
Legendary
Offline
Activity: 1582
Merit: 1196
Reputation first.
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December 19, 2014, 05:02:32 PM |
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today bitcoin price drop quickly , is there any news of the negative?
It is normal , more people are selling their bitcoin for buy the christmas gifts for the family. If you want to see the rise of bitcoin price , you have to wait after (maybe ~ before) the next block reward halving. Exactly. Actually many people are selling their bitcoin in way to sustain chrimstas expens for friends, family ecc. But, I don't like so much this way to do things. Be sure that price will raise the next year probably |
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xmasdobo
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December 19, 2014, 05:30:36 PM |
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today bitcoin price drop quickly , is there any news of the negative?
People cashing out for fiat to buy presents because few people are yet using bitcoin directly to buy goods. |
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