3-5% daily decline trend is back | Bitcointalksearch.org

EternalWingsofGod

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Quote from: doggieTattoo on March 27, 2015, 07:43:28 PM

Quote from: Harry Hood on March 14, 2015, 01:20:03 AM

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.

deisik

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Quote from: Minerjoe on March 27, 2015, 03:22:23 PM

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)...

Amph

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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

doggieTattoo

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Quote from: Harry Hood on March 14, 2015, 01:20:03 AM

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.

Minerjoe

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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.

deisik

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Quote from: EternalWingsofGod on March 25, 2015, 03:10:05 PM

Quote from: kwukduck on March 24, 2015, 06:32:21 AM

Quote from: barrymatas on March 15, 2015, 11:02:03 AM

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)...

EternalWingsofGod

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Quote from: kwukduck on March 24, 2015, 06:32:21 AM

Quote from: barrymatas on March 15, 2015, 11:02:03 AM

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

kwukduck

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Quote from: barrymatas on March 15, 2015, 11:02:03 AM

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.

cellard

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Quote from: Harry Hood on March 14, 2015, 07:57:55 PM

Quote from: SargeR33 on March 14, 2015, 02:09:25 AM

I bought some BTC at the nice low point it was on. Its weird how it fluctuates so randomly when there are no real reasons in sight. I was trading some stocks the other day and had some first hand info of a penny share signing a new contract with a new company. I bought some shares at .05 a piece, the signing was made public on all exchanges and there was a 48% jump when the market closed.

The price fluctuations may seem random because there's no great or awful news out but really the price fluctuations are far from random and have very real reasons. The reasons are just more simple than you expect. It's all linked to supply and demand. If there are more people that want to buy bitcoin than want to sell it today they price will go up. If there are more people that want to sell than buy today the price will go down. The price will travel to an equilibrium between buyers and sellers. In fact, this is the only reason that drives price. Now positive or negative news can influence price, but not unless the news is significant enough to cause more buyers than sellers (or vice versa).

Here's some more information on the topic: http://futures.tradingcharts.com/learning/supply_and_demand.html

Supply and demand is sharp and real way to read price, but the current price is very different from the perceived price. Namely, a lot of investors think Bitcoin will be a success, but they aren't gotten all in yet just to keep buying cheap coins.

AtheistAKASaneBrain

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Quote from: maku on March 14, 2015, 02:31:11 PM

Quote from: manselr on March 14, 2015, 02:26:32 PM

Technology is not already "there", at least not enough to deliver mainstream adoption. As Andreas has said things may chang al ot in the following years. We may end up not even using wallets as we know them, with the non very user friendly addresses and whatnot.

Until things get dumbed down so average joes can use it we will see a moon.

I will disagree. I think technology is there. Fine and ready to be used by people. You are talking about future evolution of known concepts - that is something totally different. We are ready to embrace bitcoin in our everyday life but people need to know about that something like bitcoin exists.
Technology has nothing to do with this process really.

Nope, it's like complaining that people didn't use the internet 1993. Of course they wouldn't because they don't see a point in using it. We are in 1993 in terms of cryptocurrencies. In 10 years Bitcoin will be huge.

BitmoreCoin

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Quote from: barrymatas on March 15, 2015, 11:02:03 AM

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

Exactly. I would say the price has sky rocketed since the OP.

Coinshot

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Quote from: kwukduck on March 13, 2015, 09:18:25 PM

Lets see if we will go for new lows this time.
Nothing changed, this dead cat bounce was just bigger than the others.

The dead cat has been landing higher ever since 160. It was never meant to go straight up, but seeing the low everytime being higher than last time shows that the downtrend is over.

A big rally will take time to form and there will still be bragains if one can buy in the fips.

shulio

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Quote from: ajareselde on March 15, 2015, 08:56:31 AM

This isnt just another dead cat bounce, this really is trend reversal, but its impossible to keep going 5% a day up and never go down a bit and correct the price.
I think we may even go to ~260 usd before things stabilize. It was expected and welcomed by many traders to fall from this ~300 hill, and now its just about predicting floor to maximize profits.
Recent flow of good news, and auction that had more bidders than recent ones, it all clearly shows that bitcoin is here to stay, but if u want to go to 1000$ overnight, ure hallucinating.

cheers

not that concern me, since we are still floating above $250 which is a good indicator to me that bitcoin isnt dying, people just dont realize that we might not see $1200 again anytime soon, this would need some times before we get back to that stage

AtheistAKASaneBrain

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All indicators are pointing up: venture capital, wallets and addresses created, amount of transactions.

Do not get fooled with the price going down, things are moving up, and sooner or later it will translate into the price.

barrymatas

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

deisik

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Quote from: painlord2k on March 15, 2015, 08:51:47 AM

Quote from: deisik on March 14, 2015, 11:31:51 AM

Quote from: Honeybooboo on March 14, 2015, 11:19:07 AM

Because it needs time to grow. The general public are sadly generally ignorant and all technology takes time to get accepted by the masses. The internet or personal computers didn't just blow up over night. They were created by geeks and used by geeks but the mainstream realizes a great invention eventually. I think once the remittance/gambling/sex markets realize how much money they can save and the users realize how they don't have to give all their personal details to these gambling or sex sites the benefits double. We just need time.

How much time should pass until we begin noticing changes? Personal computers has been around since the '70s, but they didn't make it into the masses because of the price primarily (and software somewhat lagging behind). There are no technological obstacles that could prevent bitcoin widespread adoption, so your examples are irrelevant. Visa and Mastercard transfer money even faster than blockchain, and how many people need online gambling or sex (beyond family)?

You wrote
"

Quote

Visa and Mastercard transfer money even faster than blockchain

"

WRONG

VISA and Mastercard give you a message they are taking care of the transaction.
The transaction is not finalized and irreversible until many weeks later.
If you receive a payment using the VISA or MC networks, you can not spend the money before the money land in your bank account.
And this take time, a lot more than 6 confirmations.
After one hour you can spend your bitcoin.
Technically one could spend them after one confirmation, if the receiver trust you and the network.

I pretty much don't care if they actually transfer the money as long as I can spend it after the "receipt". And I've never seen a situation (or heard of) where I couldn't spend the just-received money. Are you sure that you aren't confusing instant payments with common bank transfers?

ajareselde

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Satoshi is rolling in his grave. #bitcoin

This isnt just another dead cat bounce, this really is trend reversal, but its impossible to keep going 5% a day up and never go down a bit and correct the price.
I think we may even go to ~260 usd before things stabilize. It was expected and welcomed by many traders to fall from this ~300 hill, and now its just about predicting floor to maximize profits.
Recent flow of good news, and auction that had more bidders than recent ones, it all clearly shows that bitcoin is here to stay, but if u want to go to 1000$ overnight, ure hallucinating.

cheers

painlord2k

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Activity: 453

Merit: 254

Quote from: deisik on March 14, 2015, 11:31:51 AM

Quote from: Honeybooboo on March 14, 2015, 11:19:07 AM

Because it needs time to grow. The general public are sadly generally ignorant and all technology takes time to get accepted by the masses. The internet or personal computers didn't just blow up over night. They were created by geeks and used by geeks but the mainstream realizes a great invention eventually. I think once the remittance/gambling/sex markets realize how much money they can save and the users realize how they don't have to give all their personal details to these gambling or sex sites the benefits double. We just need time.

How much time should pass until we begin noticing changes? Personal computers has been around since the '70s, but they didn't make it into the masses because of the price primarily (and software somewhat lagging behind). There are no technological obstacles that could prevent bitcoin widespread adoption, so your examples are irrelevant. Visa and Mastercard transfer money even faster than blockchain, and how many people need online gambling or sex (beyond family)?

You wrote
"

Quote

Visa and Mastercard transfer money even faster than blockchain

"

WRONG

VISA and Mastercard give you a message they are taking care of the transaction.
The transaction is not finalized and irreversible until many weeks later.
If you receive a payment using the VISA or MC networks, you can not spend the money before the money land in your bank account.
And this take time, a lot more than 6 confirmations.
After one hour you can spend your bitcoin.
Technically one could spend them after one confirmation, if the receiver trust you and the network.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: ?? on ??

Quote from: kwukduck on March 13, 2015, 09:18:25 PM

Lets see if we will go for new lows this time.
Nothing changed, this dead cat bounce was just bigger than the others.

Looks like what you predicted didn't happen after all. The price declined to around 285 and is now stable at that value. I don't see us going down after this.

It's too early to jump at any conclusions yet. This phase is called consolidation, which is a period of market indecision (today is a weekend, which pretty much explains it). When it ends (that should be tomorrow), the price will break beyond, either up or down...

SargeR33

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Quote from: Harry Hood on March 14, 2015, 07:57:55 PM

Quote from: SargeR33 on March 14, 2015, 02:09:25 AM

I bought some BTC at the nice low point it was on. Its weird how it fluctuates so randomly when there are no real reasons in sight. I was trading some stocks the other day and had some first hand info of a penny share signing a new contract with a new company. I bought some shares at .05 a piece, the signing was made public on all exchanges and there was a 48% jump when the market closed.

The price fluctuations may seem random because there's no great or awful news out but really the price fluctuations are far from random and have very real reasons. The reasons are just more simple than you expect. It's all linked to supply and demand. If there are more people that want to buy bitcoin than want to sell it today they price will go up. If there are more people that want to sell than buy today the price will go down. The price will travel to an equilibrium between buyers and sellers. In fact, this is the only reason that drives price. Now positive or negative news can influence price, but not unless the news is significant enough to cause more buyers than sellers (or vice versa).

Here's some more information on the topic: http://futures.tradingcharts.com/learning/supply_and_demand.html

Yeah, essentially this is what it boils down to. If there was some new innovation with bitcoin, this could really pump up interest and the value.

Topic: 3-5% daily decline trend is back (Read 2924 times)