3-5% daily decline trend is back

[EternalWingsofGod]

Why didn't you create this thread when we were going up ?

Because when it goes up it's just a dead cat... I've shown this time and time again.

Well it seems like your winning this round
It's been a consistent trend for a while now new lows might be breached again sigh
Then retracing to a new lower high

[deisik]

Why didn't you create this thread when we were going up ?

Because when it goes up it's just a dead cat... I've shown this time and time again.

Well it seems like your winning this round
It's been a consistent trend for a while now new lows might be breached again sigh
Then retracing to a new lower high

It is interesting to note that other cryptocurrencies (at least, dogecoins) are also losing in their dollar value, but, at the same time, keeping their value in respect to bitcoin. Surely not something that you would expect in the world of fiat where major currencies are not linked to each other that strong (if at all)...

[Minerjoe]

BTC ecosystem generates about 3500 BTC per day. As long as demand does not manage to absorb more then that, the price ll be going down.

I think all these ponzies and scams we are surrounded with contribute to the slow growth of user base. We need to work on exposing and eliminating ponzi website to ensure BTC growth.

[doggieTattoo]

The price has only been down for a day. I'd wait a few more days (like 30) until I'd call it a trend. You can always consider it a buying opportunity, too, if it goes down to $250 or lower.

http://www.coindesk.com/price/

I don't know if this is seen as a trend by most of you, but Bitcoin has been on the steady decline for the past few months after it peaked.  Am I the only one who looks at Bitcoin like a stock? Because it is seeming like a shitty stock.  I think when it hits a ceilling for how low it will go, it won't really change too much. 

[Amph]

we have only headed to the previous floor(it seems to recover right now), not really a big deal, i don't see a 3-5% decline to be honest, i can only see some swing here and there

[deisik]

BTC ecosystem generates about 3500 BTC per day. As long as demand does not manage to absorb more then that, the price ll be going down.

These 3,500 bitcoins don't necessarily hit the market after they have been generated. Many of them (if not most) are being stashed right away and won't be exchanged for years. It is like Fed printing huge amounts of new money that never enters real economy, thus keeping inflation from soaring (that you would expect)...

[EternalWingsofGod]

The price has only been down for a day. I'd wait a few more days (like 30) until I'd call it a trend. You can always consider it a buying opportunity, too, if it goes down to $250 or lower.

http://www.coindesk.com/price/

I don't know if this is seen as a trend by most of you, but Bitcoin has been on the steady decline for the past few months after it peaked.  Am I the only one who looks at Bitcoin like a stock? Because it is seeming like a shitty stock.  I think when it hits a ceilling for how low it will go, it won't really change too much. 

It is a means of exchange but if we were looking at it like a stock it's good on the fundamentals but in terms of performance price wise its sucking pretty hard, in other words the market isn't reacting to the news.
If we treat it like a currency it's dropping relative to all currencies lol.