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Author Topic: How Come Bitcoin Dropped?  (Read 2336 times)
JudoMS
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January 17, 2015, 09:28:50 AM
 #1

I thought Bitcoin it's about $360++ based on Preev Rates previously and how come it's $195.90 now?

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Quartx
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January 17, 2015, 09:33:33 AM
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I thought Bitcoin it's about $360++ based on Preev Rates previously and how come it's $195.90 now?

How long ago is your previously? XD Like any other currency, bitcoin is volatile to market forces. It may be $350 previously but it has since dropped to the price you see now. although it will soon stablize and rise again (I hope)

Stcgold
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January 17, 2015, 09:34:09 AM
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A Lower Price is a Better Price

dont think too hard just buy and HLOD Smiley
JudoMS
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January 17, 2015, 09:34:41 AM
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I thought Bitcoin it's about $360++ based on Preev Rates previously and how come it's $195.90 now?

How long ago is your previously? XD Like any other currency, bitcoin is volatile to market forces. It may be $350 previously but it has since dropped to the price you see now. although it will soon stablize and rise again (I hope)

About a month ago?  Shocked

JimClone
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January 17, 2015, 10:14:13 AM
 #5

Got something to do with Bitstamp losing 18k of coins and also someone dumping 50k coins.
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January 18, 2015, 07:19:51 PM
 #6

More sellers than buyers...it's as simple as that.

elephantas1
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January 18, 2015, 07:22:42 PM
 #7

More sellers than buyers...it's as simple as that.
and also there are a lot of dumpers who sell a lot of coins at a small amount of time
Coinshot
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January 18, 2015, 08:46:19 PM
 #8

How Come Bitcoin Dropped?

Because there are more buyers than sellers Cool

If you are looking for a deeper cause then its part of the natural boom bust cycle. Be ready for the next boom phase.


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Dread Pirate Roberts
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January 18, 2015, 09:10:29 PM
 #9

a lot problem on hacker and ponzi investment . make it price of market
shock trade sell

MONEY ON MY MIND 16 march
Amph
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January 18, 2015, 10:01:30 PM
 #10

you can buy more now, this is a good thing afterall, everyone was asking for cheap bitcoin to rise his/her fortune, here you go

buy a tons now
JudoMS
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January 19, 2015, 02:53:31 AM
 #11

Thanks for answering and some tip. It increased by about $20 now Tongue

tyrexs
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January 19, 2015, 06:13:56 AM
 #12

come under $100

edmonddantes
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#1 Reseller


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January 19, 2015, 06:25:38 AM
 #13

Right now,banks are manipulating the price of bitcoins!

VERUMinNUMERIS
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January 19, 2015, 07:03:34 AM
 #14

Right now,banks are manipulating the price of bitcoins!

Correct.  Banks know the ETF is a done deal so they're manipulating BTC to buy up as much as they can.  They're gonna make trillions over the next 3 years.  Govts too.
clementinal
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January 19, 2015, 10:20:30 AM
 #15

i dont think banks would take such a risk, though it looks like some big players are involved
Sarahiko
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January 19, 2015, 10:26:05 AM
 #16

Big players are always involve when it comes to bitcoin, some sell it low to compensate their falling business or just plain manipulation of the market.
LitcoinCollector
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January 19, 2015, 10:31:44 AM
 #17

Just keep calm and buy!  Smiley
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January 19, 2015, 11:47:02 AM
 #18

Not really sure what is the exact cause but I am guessing it might have to do with bitstamp hack, people anticipated that it will drop the price and dumped their coins.

Q7
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January 19, 2015, 11:53:06 AM
 #19

Basically it's a case of lack of fresh new fund going in to buy up the coins. New coins by miners or whoever will end up in the market. If there are more supply than demand, naturally seller will be more than willing to lower the selling price in order to conclude the sales. though this is the case, more likely I believe it is a case of manipulation by the big whales to cause bitcoin price to drop.

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January 19, 2015, 12:44:23 PM
 #20

Well it was not of total surprise given the past history of the bitcoin. But if that's true, then it will rise up at some point given the past history of bitcoin.

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