Anyone have any idea why the price continues to fall?

Painful Truth

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Quote from: DieJohnny on April 02, 2014, 10:02:18 AM

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?

DieJohnny

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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!

johnyj

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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

knightcoin

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Stand on the shoulders of giants

poor dumb

Ibian

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Quote from: sprot on March 29, 2014, 05:27:16 PM

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

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RepuX - Enterprise Blockchain Protocol

Quote from: sprot on March 29, 2014, 05:27:16 PM

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.

sprot

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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

Biodom

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Quote from: knightcoin on March 29, 2014, 04:00:14 PM

Quote from: Biodom on March 29, 2014, 03:16:07 PM

Quote from: yrtrnc on March 28, 2014, 03:15:56 PM

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.

knightcoin

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Stand on the shoulders of giants

Quote from: Biodom on March 29, 2014, 03:16:07 PM

Quote from: yrtrnc on March 28, 2014, 03:15:56 PM

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

Biodom

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Quote from: yrtrnc on March 28, 2014, 03:15:56 PM

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).

knightcoin

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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

igorr

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Quote from: zakalwe on March 29, 2014, 02:47:00 PM

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.

zakalwe

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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.

Bit_Happy

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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.

Erdogan

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Quote from: igorr on March 29, 2014, 01:46:36 PM

Quote from: segeln on March 29, 2014, 01:37:58 PM

Quote from: igorr on March 29, 2014, 01:21:32 PM

Quote from: lynn_402 on March 29, 2014, 01:15:19 PM

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

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.

igorr

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Activity: 406

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Quote from: segeln on March 29, 2014, 01:37:58 PM

Quote from: igorr on March 29, 2014, 01:21:32 PM

Quote from: lynn_402 on March 29, 2014, 01:15:19 PM

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

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.

segeln

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Activity: 602

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Quote from: igorr on March 29, 2014, 01:21:32 PM

Quote from: lynn_402 on March 29, 2014, 01:15:19 PM

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

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

igorr

sr. member

Activity: 406

Merit: 250

Quote from: lynn_402 on March 29, 2014, 01:15:19 PM

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

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.

lynn_402

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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

igorr

sr. member

Activity: 406

Merit: 250

Quote from: lynn_402 on March 29, 2014, 01:12:51 PM

Support is holding quite well at 500$.
Bullish month of April incoming?

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

Topic: Anyone have any idea why the price continues to fall? (Read 4236 times)