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Topic: Anyone have any idea why the price continues to fall? (Read 4238 times)

sr. member
Activity: 294
Merit: 250
watching bitcoinwisdom is breathtaking.

Just watched the price tank $25 in a couple of minutes. 5k bitcoin volume.

Too much mining, too many new coins, too much sell pressure, too much negativity, too few features, too many hackers, too much risk. And best of all not enough coins in my wallet!

soon there won't be selling pressure from miners.

Which miner sells below the cost it took him to mine the coin?
legendary
Activity: 1639
Merit: 1006
watching bitcoinwisdom is breathtaking.

Just watched the price tank $25 in a couple of minutes. 5k bitcoin volume.

Too much mining, too many new coins, too much sell pressure, too much negativity, too few features, too many hackers, too much risk. And best of all not enough coins in my wallet!
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
As a pro trader on localbitcoins, I feel so bad that now almost no one sell coins to me and everyone is trying to buy coins from me. This means I have to buy from exchanges to satisfy their needs
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
poor dumb

legendary
Activity: 2268
Merit: 1278
Sorry guys, the BitCoin is finally done.  it's been a great ride, but had to close out someday.  Show's over, run along home now.  Undecided
I don't understand these people. Are they trying to crash the price based on their long-standing name and reputation? Some kind of irrational cry for help and comfort? What?
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
Sorry guys, the BitCoin is finally done.  it's been a great ride, but had to close out someday.  Show's over, run along home now.  Undecided

Right. Just look where we were a little more than a year ago, at the beginning of 2013. And now, after 15 months of getting crushed, nothing is left but shattered dreams.
newbie
Activity: 14
Merit: 0
Sorry guys, the BitCoin is finally done.  it's been a great ride, but had to close out someday.  Show's over, run along home now.  Undecided
legendary
Activity: 3892
Merit: 4331
My only idea is mass panic. Why are people selling? Is there no demand left for bitcoin? Where will it recover?

A simple explanation: we have large miners (Carlson 8%, bitfury-10-20%, cloudhashing, KnC 10-20%) constantly on the sell side, but nobody large, except BIT, on the buy side, hence the drift downwards. Until bitcoin ETFs are established, this will continue unabated. I think that bitcoin had entered some kind of vicious cycle that could continue for months (already 4 months running).

true, but for the hardware manufacturer if the price drops too much they will never sell another hardware again, hard math though

...and they do have difficulty already.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
My only idea is mass panic. Why are people selling? Is there no demand left for bitcoin? Where will it recover?

A simple explanation: we have large miners (Carlson 8%, bitfury-10-20%, cloudhashing, KnC 10-20%) constantly on the sell side, but nobody large, except BIT, on the buy side, hence the drift downwards. Until bitcoin ETFs are established, this will continue unabated. I think that bitcoin had entered some kind of vicious cycle that could continue for months (already 4 months running).

true, but for the hardware manufacturer if the price drops too much they will never sell another hardware again, hard math though
legendary
Activity: 3892
Merit: 4331
My only idea is mass panic. Why are people selling? Is there no demand left for bitcoin? Where will it recover?

A simple explanation: we have large miners (Carlson 8%, bitfury-10-20%, cloudhashing, KnC 10-20%) constantly on the sell side, but nobody large, except BIT, on the buy side, hence the drift downwards. Until bitcoin ETFs are established, this will continue unabated. I think that bitcoin had entered some kind of vicious cycle that could continue for months (already 4 months running).
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
Re: Anyone have any idea why the price continues to fall?

My bet is that exchanges take every single rumor to manipulate the prices
sr. member
Activity: 406
Merit: 250
Igorr my friend if bitcoin and all cryptos will go to zero why are wasting your precious time here?

C'mon man get a life and stop being a clown, for God's sake! Geez some ppl here really have time to waste.

And this is one of the the things that have to improve in bitcoin universe. Together with btc-e troll box. That exchange should close it if it wants to look like a professional exchange.

I do not know !
I do not have the answer to your question.
sr. member
Activity: 445
Merit: 251
Igorr my friend if bitcoin and all cryptos will go to zero why are wasting your precious time here?

C'mon man get a life and stop being a clown, for God's sake! Geez some ppl here really have time to waste.

And this is one of the the things that have to improve in bitcoin universe. Together with btc-e troll box. That exchange should close it if it wants to look like a professional exchange.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
The weekend might be rough, at least until Sunday afternoon.
However, some weekends are opposite and have great rallies.  Smiley
legendary
Activity: 1512
Merit: 1005
You can make charts say anything you want. Take a broader view, and it's quite easy to say that the trend is up.
Plus, trend reversals may happen anytime Smiley

Bitcoin No more any support. MtGox is dead, mining company no more any interes to artificially increase the price.
It go to zero, and all crypto coins go to zero.
igorr`s trolling time

Then please just buy, give all your money for bitcoin,  much buy.


Much sideways. Very boring. So disappointing. Weeeep.
sr. member
Activity: 406
Merit: 250
You can make charts say anything you want. Take a broader view, and it's quite easy to say that the trend is up.
Plus, trend reversals may happen anytime Smiley

Bitcoin No more any support. MtGox is dead, mining company no more any interes to artificially increase the price.
It go to zero, and all crypto coins go to zero.
igorr`s trolling time

Then please just buy, give all your money for bitcoin,  much buy.
hero member
Activity: 602
Merit: 500
You can make charts say anything you want. Take a broader view, and it's quite easy to say that the trend is up.
Plus, trend reversals may happen anytime Smiley

Bitcoin No more any support. MtGox is dead, mining company no more any interes to artificially increase the price.
It go to zero, and all crypto coins go to zero.
igorr`s trolling time
sr. member
Activity: 406
Merit: 250
You can make charts say anything you want. Take a broader view, and it's quite easy to say that the trend is up.
Plus, trend reversals may happen anytime Smiley

Bitcoin No more any support. MtGox is dead, mining company no more any interes to artificially increase the price.
It go to zero, and all crypto coins go to zero.
sr. member
Activity: 462
Merit: 253
You can make charts say anything you want. Take a broader view, and it's quite easy to say that the trend is up.
Plus, trend reversals may happen anytime Smiley
sr. member
Activity: 406
Merit: 250
Support is holding quite well at 500$.
Bullish month of April incoming? Smiley

Trend and price today, It not look good, the price follows the trend
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