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Author Topic: How Come Bitcoin Dropped?  (Read 2367 times)
SirChiko
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January 19, 2015, 01:31:25 PM
 #21

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
I don't get the people that dump big ammounts of coins at once, if they would do it over longer period of time they would not only get more money out of it but it wouldn't fuck the market like now also.

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nwfella
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January 19, 2015, 05:49:58 PM
 #22

People that have essentially stolen the coins they hold from others via Cloud Mining scams, HYIP, ponzi schemes and outright hack's could give two s!@# about BTC price, thus, far more selling than buying going on.

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noma
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January 19, 2015, 07:22:33 PM
 #23

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

I would say panic. If you have a house worth a million and price start falling and its 800K and still expected to drop, then you would sell too.

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Biitcoin
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January 19, 2015, 07:29:51 PM
 #24

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


I guess that getting Bitsmap hacked played a big part on the crash of the price . so yeah ...

biodieselchris
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January 19, 2015, 07:35:01 PM
 #25

Bitffinex alone shows a big red 3-day bar of >500k bitcoins starting Jan 13th. Somebody big is selling. Until they stop and then renewed interest in bitcoin begins anew it'll keep falling.
Nordark
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January 19, 2015, 07:55:45 PM
 #26

This might have contributed also https://www.cryptocoinsnews.com/bitcoin-ponzi-cryptodouble-disappears-least-2233-bitcoins/
KennyTheMartian
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January 19, 2015, 09:42:38 PM
 #27

Just a bunch of negatives happening around the same time which led me to believe it had an impact on the BTC price.
Negatives : Bitstamp hack, CEX stopping mining, possibly Russia situation and probably MMs.

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supermine
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January 19, 2015, 11:28:56 PM
 #28

Due to falling prices, it rises more expectation is also valid assesorator. Even if prices have been bought higher, when lower equitiy was on sale because of dollar divergencies now the prices fluctuate not as much as they did back then. I would say my bets are on a prices higher thean rising at a low rate - thus hold and sell until we go to and drop from to the moon again, then sell. BOOM BUST BABY 4EVA!!! (watch my tube - "all that stolen wallet-to-da-moon-mind-thebear-u-troll-edit")

specgamer
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March 08, 2015, 02:58:23 AM
 #29

A lower price for bitcoin is better for us investors. Just buy as much as you can, and HOLD.....
Wait to be rich when the price go up.  Wink

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