Well this doesn't surprise me. It's the traders and market manipulation mostly.
Who would sell their Bitcoin so low?
A merchant which believes in Bitcoin won't be bothered by these price changes, they will probably keep their coins.
Topic: Bitcoin crashes through $300 floor - page 3. (Read 4134 times)
This is really not good development for Bitcoin.
If merchants see how unstable value of bitcoin is, I don't think they will accept btc as way of payment.
Who will want to accept bitcoin as payment and loose money because value of bitcoin went down?
I'm afraid that it will be very hard to inspire ''big merchants'' to accept bitcoin in the future, if btc remain unstable.
If merchants see how unstable value of bitcoin is, I don't think they will accept btc as way of payment.
Who will want to accept bitcoin as payment and loose money because value of bitcoin went down?
I'm afraid that it will be very hard to inspire ''big merchants'' to accept bitcoin in the future, if btc remain unstable.
I understand and agree with the core of your point, but this also goes both ways...
If i buy a flat screen TV from Overstock and pay with BTC today, then the price shoots up passed $300 again next week, Overstock just made a nice little unexpected increase of margin.
It seems people always talk about the negative effects of BTC price drops on large retailers and never focus on the flip side.
I think if anything, huge price swings hurt small retailers more.Overstock can handle payment fluctuation much easier than Al's auto garage.
We need the smaller guys (the mom n pop stores) to accept bitcoin, for it to truly organically grow into massive public adoption.
This is really not good development for Bitcoin.
If merchants see how unstable value of bitcoin is, I don't think they will accept btc as way of payment.
Who will want to accept bitcoin as payment and loose money because value of bitcoin went down?
I'm afraid that it will be very hard to inspire ''big merchants'' to accept bitcoin in the future, if btc remain unstable.
If merchants see how unstable value of bitcoin is, I don't think they will accept btc as way of payment.
Who will want to accept bitcoin as payment and loose money because value of bitcoin went down?
I'm afraid that it will be very hard to inspire ''big merchants'' to accept bitcoin in the future, if btc remain unstable.
This is what happens when big companies accept bitcoin they dump them instantly and price goes down then i dont blame them because they cant purchase there raw resources via btc. If Bitcoin wants to succeed as we wish then we need raw producers to accept the bitcoins basically everything could be bought via btc is the best scenario for bitcoin.
The reason they are selling is because of it's volatility. Why would any companies hold BTC if they stand to lose profits by holding the coin? $ is a much safer option for them.
This is what happens when big companies accept bitcoin they dump them instantly and price goes down then i dont blame them because they cant purchase there raw resources via btc. If Bitcoin wants to succeed as we wish then we need raw producers to accept the bitcoins basically everything could be bought via btc is the best scenario for bitcoin.
oh come on, just relax, bitcoin is like a capacitor that holds potential profit, which charges as prices drop. you just need to predict when it will be discharged
Crypto / Exchange Market Capitalization increase for the year is still gigantic
your witnessing very fine manipulation moves here
your witnessing very fine manipulation moves here
No, the manipulation was the willybot, this is correction.
no one is selling btc at 280
its just numbers on the exchanges at this point in time
What do you mean? There's no selling pressure?
Crypto / Exchange Market Capitalization increase for the year is still gigantic
your witnessing very fine manipulation moves here
your witnessing very fine manipulation moves here
No, the manipulation was the willybot, this is correction.
no one is selling btc at 280
its just numbers on the exchanges at this point in time
People can buy a BitCoin on localbitcoins for ~$282, which is pretty much the same thing
Crypto / Exchange Market Capitalization increase for the year is still gigantic
your witnessing very fine manipulation moves here
your witnessing very fine manipulation moves here
No, the manipulation was the willybot, this is correction.
no one is selling btc at 280
its just numbers on the exchanges at this point in time
What did you expect? Loads of people buying Xmas gifts and paying for holidays....
Short term price watching, will cloud your judgement.... look long term.... this will remedy itself soon.
Short term price watching, will cloud your judgement.... look long term.... this will remedy itself soon.
Crypto / Exchange Market Capitalization increase for the year is still gigantic
your witnessing very fine manipulation moves here
your witnessing very fine manipulation moves here
Currently at $280. I was looking at my wallet, and did a triple take when I saw the different conversion approximation. Damn, this was not a good day
yeah Im trying to decide if I want to buy some more bitcoin at these lvls or wait. I really thought it would get support around 300$ and shoot back up to 400$ but so far just more selling pressure
Buy at floor, sell at ceiling... if only one knew where these were located...
Was expecting it to dip below $300, to be honest. Might start slowing down around the $250 mark.
Ouch, 279 a coin currently.
Hopefully it will stabilize and go up soon, it's been dropping all day. Great way to celebrate the birthday of Bitcoin
The best thing to do for the Bitcoin economy is to buy stuff from merchants who won't immediatly dump their coins for fiat.
Hopefully it will stabilize and go up soon, it's been dropping all day. Great way to celebrate the birthday of Bitcoin
The best thing to do for the Bitcoin economy is to buy stuff from merchants who won't immediatly dump their coins for fiat.
yeah Im trying to decide if I want to buy some more bitcoin at these lvls or wait. I really thought it would get support around 300$ and shoot back up to 400$ but so far just more selling pressure
Buy at floor, sell at ceiling... if only one knew where these were located... 
yeah Im trying to decide if I want to buy some more bitcoin at these lvls or wait. I really thought it would get support around 300$ and shoot back up to 400$ but so far just more selling pressure
bitcoin and paycoin has one thing in common: the bottom/floor 
Without new comers, the price will continue to fall.
The issue with the price crash is that it is not caused only by the mining part. There are traders who leverage their position to sell bitcoin in order for fast gain. Technically they can sell with money they don't own. Don't worry, eventually they will need to buy back and hopefully we can see a recovery taking place.
Definitely a big reason why. Shorters are making $$.
There will have to be a bottom soon though
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