Topic: An interesting article - Why BTC price has gone down Sept 18 (Read 3604 times)

The number of asset classes are way too many. Why try to correlate just 2 investment options?

I guess price will rise because ASICs are getting down to below 20 nm like the rest of chips. Most of the gains have been from going down the nm scale. Once we hit the limits in terms of nanometers as we have on other charts, the hash rate climb should slow a little bit.

Please forgive the bump. I was still wondering what Sembro wanted to accomplish in publicizing their Alibaba claim - why not keep it to themselves, for example, in order to exploit their alleged market insight. I still do not know, but their home page suggests it is (at least) an attempt to get their name brand into the media buzz cycle. If nothing else, it is a nice example of stoking contemporary media machinery. From their site:

Article: “Bitcoin Price Drop Theory” by: Ian Worrall President of Sembro Development

Links:

    CNBC Money: http://www.cnbc.com/id/102016503
    Yahoo Finance: http://finance.yahoo.com/news/bitcoin-tanks-alibaba-blame-152132863.html
    Silicon Angle: http://siliconangle.com/blog/2014/09/19/is-the-alibaba-ipo-why-bitcoins-market-price-is-dropping/
    Bitcoin Magazine: http://bitcoinmagazine.com/16481/bitcoin-price-dropped-today/
    Crypto Coin News: http://www.cryptocoinsnews.com/alibabas-us-ipo-may-have-crashed-the-bitcoin-price/
    VC Fundamentals: http://vcfundamentals.com/News_Story.php?id=41
    Altcoin Today: http://www.altcointoday.com/excellent-bitcoin-price-drop-theory-by-ian-worrall/

Source: https://www.sembrodevelopment.com/media/

In general, I react to news items by first analyzing why and how the item is presented to a target audience rather than jumping directly to analyzing the nature of the content. ymmv, of course.

"normal" people had not even a chance to buy that stock. the story is bullshit.

Too funny. Watch the action today between Alibaba open and BTC price, seems to confirm this hypothesis. Lol talk about the hot money

All I know, China has banned this forum!

Someone pissed them off or they saw how much of their citizens have BTC stored and are trying to prevent more people, to adopt BTC.

The blockchain.info site is not banned, so they can still transact with that.

How happy am I that I live in a country with freedom of speech and a choice what I can do with my online life. 

that was a quite interesting article
so it's not because of the diff factor
i heard some of people say price down because diff is rising

Alibaba is huge in china. it will surpass facebook. Btc will recover.

People always rationalize price movements by trying to correlate it with some news story. 

In fact, Chinese people can not buy BABA IPO.

And bitcoin price go down has little relation with BABA IPO.

Small investors should be glad they are not able to participate in "pump and dump" IPO.

If the company profit and expected growth can justify the price, do you think Jack Ma and early investors/founders will try to cash out and make it a public company?

They are not taking a loss in their sell off, their sell off is based on the miner equipment they sell on a site called (Ironically) Alibaba.com which is intertwined with AliExpress, where the merchants there sell miners that are manufactured for 150 dollars, they sell them for 1000 to 1500 at release and even now months after the release sell them for 800 to 900 dollars making HUGE profits, and they not only accept bitcoins as transactions they advise it and push buyers to use BTC instead of cash. (I know thats where I buy all my equipment cause its cheaper than anywhere else for me in the Philippines) These investors have had these coins for a long long time, already dumped what they needed to pay for the machines they have manufactured and have just been sitting on the rest of the coins waiting for an opportunity to dump and invest in something else. Not to mention the machines they have already paid the overhead for are just sitting in a room mining for them until someone purchases them. The chinese are very smart economists they support each others and the future of china with hopes of a first rated economy with the most futuristic financial plan. they dont care what country they destroy, they care about only themselves and their people. China has wishes to rule the world and be the number one power country not thru weapons or violence but the fear that comes with a countries economic collapse. And so far (as we can see) they are succeeding very well.

I bet this only for while
In few weeks the price will up to about $500 again 

But, BTC Chine become big exchanger now 
I don't know why people care about IPO

I should buy some bitcoin now, but i don't have enough money 

I can absolutely confirm that this is because of Ali baba but not the Chinese online auction giant -

its the cures of the real Ali Baba, Bitcoin is cursed.

this is becasue it's talk like a pirate day.

Regardless of where the bitcoin is being sold from (both geographically and which exchange) the alibaba IPO has nothing to do with bitcoin. There is little overlap between investors in Chinese companies and investors in bitcoin (IMO).

What we are experiencing is called stealth phase.

I would assume with a generally smaller market cap in comparison to powerful hedge funds and investors that it may be much easier than one thinks to tank the price downward.

It works for people on the fence with the technology and that don't understand it. Any well informed bitcoiner isn't upset by these price swings. However, those who do not fully comprehend the technology and our currently on the fence would be apprehensive about getting involved with these chaotic price swings.

It's the only thing that makes sense to me as there has been nothing but good news coming out of the press lately especially, with the paypal news. My thoughts are it's insidious forces. Ya know some have said some of these interests have crashed world currencies. So, you think bitcoin couldn't be the same. I say stand firm.

Well no duh everyone is trying to get in on the alibaba ipo, not just the chinese it's on the US market and many are dumping coins for shares of the IPO.

alibaba thing doesn't seem to be the case. I see dumps happen first on BTC-E and then Huobi follows the price drop. So its not chinese who's causing the price drop

Too funny. Watch the action today between Alibaba open and BTC price, seems to confirm this hypothesis. Lol talk about the hot money