Any word on why Bitcoin has dropped 30% in the last 3 or 4 days??? - page 2.

tokeweed

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Life, Love and Laughter...

Quote from: BitChick on July 03, 2013, 09:14:12 PM

Quote from: tokeweed on July 03, 2013, 09:11:54 PM

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

this. all bitcoin had going for it at those high prices was hype.

I would think it would have crashed even more then. At least it did not go down to $60 like last time. I am encouraged it is almost back to 80 after the dip today. I think it will be back in the 90's in a few days. Of course, people are probably awaiting news from Mt. Gox with regard to the USD cash Withdrawals being on hold.

nope. it's just trending down. why? cos this aint the 'panic' yet.

your bolded statement says you are in a state of 'denial'. and that's what most of the people are in right now... denial.

SOSLOVE868

sr. member

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Quote from: BitChick on July 03, 2013, 06:31:56 PM

Quote from: ImI on July 03, 2013, 06:30:23 PM

The neverending mess with those exchanges is one major issue that is causing alot of skepitcism.

Yes. Where are all the VCs that are supposedly pouring money into creating better exchanges and infrastructure? We need them NOW!

The only things can save BTC is become P2P trading.... centralized Exchange I guess won't help.....they should all be closed eventually.

BitChick

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Quote from: tokeweed on July 03, 2013, 09:11:54 PM

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

this. all bitcoin had going for it at those high prices was hype.

I would think it would have crashed even more then. At least it did not go down to $60 like last time. I am encouraged it is almost back to 80 after the dip today. I think it will be back in the 90's in a few days. Of course, people are probably awaiting news from Mt. Gox with regard to the USD cash Withdrawals being on hold.

tokeweed

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Life, Love and Laughter...

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

this. all bitcoin had going for it at those high prices was hype.

vokain

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Quote from: chufchuf on July 03, 2013, 08:31:38 PM

Quote from: papaminer on July 03, 2013, 06:47:31 PM

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

Don't forget proudhon turned out to be a tranny, finally admitting all tearful that he was a bull and that his bearishness was just the final desperate act of a contrarian.

i'm glad he made all the money he did, really a refreshing guy to have around. jaroslaw had big shoes to fill

BitChick

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Quote from: Tirapon on July 03, 2013, 07:10:32 PM

It was more fun on the way up to $266 Tongue

Way more fun! Grin

chufchuf

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Quote from: papaminer on July 03, 2013, 06:47:31 PM

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

Don't forget proudhon turned out to be a tranny, finally admitting all tearful that he was a bull and that his bearishness was just the final desperate act of a contrarian.

oxoa

member

Activity: 68

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Quote from: ImI on July 03, 2013, 05:39:22 PM

-> Economy/Speculation

Thats where those discussions are located.

Why? I would say. 60% pure psychology. 40% problems surrounding mtGox.

Well said!

MAbtc

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Quote from: papaminer on July 03, 2013, 06:47:31 PM

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

You people are crazy.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: BitChick on July 03, 2013, 06:52:54 PM

If the Gox withdrawal issues are fixed, we should see a good spike in price I would imagine. People are anxious about that I think.

Why? If those issues are fixed, everybody will expect the next issues incoming. Its all about TRUST. And lost trust isnt restored just by taking care of some existing issues.

To rebuild necessary trust again a prolonged period of time with NO ADDITIONAL issues is needed.

Tirapon

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It was more fun on the way up to $266 Tongue

N12

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Quote from: xorglub on July 03, 2013, 07:02:42 PM

People see price going down, panic sell, causing price to go down even more, more panic selling, rinse and repeat. No fundamental reason behind it, it's pure speculation.
It was the same on the way up to $266.

Precisely. It's too funny that people somehow don't acknowledge that explanation and rather seek some "news" to explain things.

xorglub

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People see price going down, panic sell, causing price to go down even more, more panic selling, rinse and repeat. No fundamental reason behind it, it's pure speculation.
It was the same on the way up to $266.

BitChick

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If the Gox withdrawal issues are fixed, we should see a good spike in price I would imagine. People are anxious about that I think.

Hippie Tech

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All cryptos are FIAT digital currency. Do not use.

Quote from: papaminer on July 03, 2013, 06:47:31 PM

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

No. Its called being realistic and honest.

blackboy

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Dunno, I think a bunch of people are buying LTC. They'll buy BTC back after LTC hits Gox. That plus the Gox withdrawal issues and the lack of recent good press.

N12

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Quote from: papaminer on July 03, 2013, 06:47:31 PM

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

I'm all for Bitcoin and I'm a long-term bull. I'm against making stupid financial decisions however.

Also, proudhon is a long-term bull too (and has always been).

papaminer

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Free World

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

how can you be a mod in this forum if you're against btc? telling btc price is a bubble makes u a proudhon fanatic...

N12

donator

Activity: 1610

Merit: 1010

Quote from: chufchuf on July 03, 2013, 06:44:03 PM

Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

Stop using Xrumer.

I'm not. Why would I answer the same question differently in essence multiple times?

It's a simple fact, we had a speculative bubble where people chased gains and now this bubble is deflating so we return to more sensible prices.

chufchuf

full member

Activity: 205

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Quote from: N12 on July 03, 2013, 06:02:49 PM

We've had a bubble and now it's deflating.

Stop using Xrumer.

Topic: Any word on why Bitcoin has dropped 30% in the last 3 or 4 days??? - page 2. (Read 5001 times)