Bitcoin have lost more than $100 in a day... - page 5.

glendall

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Quote from: crairezx20 on June 21, 2016, 12:32:16 PM

Maybe many people are selling their bitcoin in the market or the other are converting again back into ethereum. the price of ethereum is increase again back..
Don't to sell and i think the price will increase again..

Don't think that is it, for the simple reason that it is much easier to acquire ETH by trading your BTC for it, not selling your BTC than transferring money than buying ETH with USD.

steven0021

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Experientia docet

Quote from: CryptoBjorn on June 21, 2016, 01:11:15 PM

Quote from: isen on June 21, 2016, 10:13:22 AM

Quote from: spartak_t on June 21, 2016, 08:58:10 AM

The price on BTC-e is $614 as we speak. Any reason for this?

There are two reasons for this drop
1) Bitfinex was offline
2) $19 Million in Bitcoin were sold in Australia
Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic.

The day after tomorrow is Brexit, some Currency guru's said that Brexit will happen so maybe the die hard investors want to quickly short the GBP so they can make some good cash on it.
Else I can't explain a decrease of over 100 dollars.

(665 US dollar now)

News that brexit will happen and people shorting GBP = Bitcoin price drop? Where did you get that from? If anything the price should've raised because of those news

Netpyder

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654 i am expecting 550 before a rise to 850 then decrease back to 650 and sit there. imho

AsaroUk

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The price will indeed increase again in about a few weeks, its gonna take some time before it will again.
Its just a matter of time before it will, the halving will also help us to let it increase this year.

CryptoBjorn

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Activity: 714

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Quote from: isen on June 21, 2016, 10:13:22 AM

Quote from: spartak_t on June 21, 2016, 08:58:10 AM

The price on BTC-e is $614 as we speak. Any reason for this?

There are two reasons for this drop
1) Bitfinex was offline
2) $19 Million in Bitcoin were sold in Australia
Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic.

The day after tomorrow is Brexit, some Currency guru's said that Brexit will happen so maybe the die hard investors want to quickly short the GBP so they can make some good cash on it.
Else I can't explain a decrease of over 100 dollars.

(665 US dollar now)

crairezx20

legendary

Activity: 1638

Merit: 1046

Maybe many people are selling their bitcoin in the market or the other are converting again back into ethereum. the price of ethereum is increase again back..
Don't to sell and i think the price will increase again..

pedrog

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Activity: 2786

Merit: 1031

Quote from: spartak_t on June 21, 2016, 08:58:10 AM

The price on BTC-e is $614 as we speak. Any reason for this?

It's tuesday...

talks_cheep

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Activity: 1036

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Quote from: hatshepsut93 on June 21, 2016, 10:42:27 AM

Quote from: yayayo on June 21, 2016, 09:36:23 AM

I didn't loose a single Bitcent. All are still sitting nicely in my wallet.

Some trader-type investors are apparently buying fiat money today. Seems like they expect a huge valuation boost because the Brexit may not happen. I seriously doubt this will be the case.

I admit that I strongly dislike these value comparisons that use fiat money as a base reference. For me, Bitcoin is the reference, because Bitcoin is sound money. I don't care if fiat is traded higher compared to Bitcoin, because I have no intention of ever selling my Bitcoin for fiat. And in the end, inflationary devaluation is a certainty when holding fiat.

ya.ya.yo!

bitcoin will be valued in fiat until you will be able to buy all your everyday stuff with bitcoin (spoiler: governments would never allow it)

He was just trying to be cute, that's all, and to show his misplaced confidence in bitcoin.

Just as I had feared, btc's going back to its darkside. The Chinese pumpers have run out of newer fools with cash. It's all down hill from here, good news is it's not going to be a 2-year slog like it did before from 1200 to 200 in 2014-2015. We will only slide from 800 to 200, a few months at most. Best to buy'em on the dips, they say.

hatshepsut93

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Quote from: yayayo on June 21, 2016, 09:36:23 AM

I didn't loose a single Bitcent. All are still sitting nicely in my wallet.

Some trader-type investors are apparently buying fiat money today. Seems like they expect a huge valuation boost because the Brexit may not happen. I seriously doubt this will be the case.

I admit that I strongly dislike these value comparisons that use fiat money as a base reference. For me, Bitcoin is the reference, because Bitcoin is sound money. I don't care if fiat is traded higher compared to Bitcoin, because I have no intention of ever selling my Bitcoin for fiat. And in the end, inflationary devaluation is a certainty when holding fiat.

ya.ya.yo!

bitcoin will be valued in fiat until you will be able to buy all your everyday stuff with bitcoin (spoiler: governments would never allow it)

hasiramasenju

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Activity: 980

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this is exactly what ii'm afraid because prices rise up with pretty fast several days ago and possible too if the prices will down very fast too but i'm still holding my bitcoin and waiting for the exact moment and i wish my decision will not be wrong

JessicaSe

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Activity: 840

Merit: 1000

Quote from: isen on June 21, 2016, 10:13:22 AM

Quote from: spartak_t on June 21, 2016, 08:58:10 AM

The price on BTC-e is $614 as we speak. Any reason for this?

There are two reasons for this drop
1) Bitfinex was offline
2) $19 Million in Bitcoin were sold in Australia
Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic.

Yeah better to have patience and wait till the halving, as price will again start moving up when halving comes near, so hold your coins till then and sell when you see higher price.

isen

sr. member

Activity: 854

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Quote from: spartak_t on June 21, 2016, 08:58:10 AM

The price on BTC-e is $614 as we speak. Any reason for this?

There are two reasons for this drop
1) Bitfinex was offline
2) $19 Million in Bitcoin were sold in Australia
Anyway i believe that the price will increase again in the next weeks ups and down are normal in bitcoin and people should not panic.

Mr.grin

legendary

Activity: 1218

Merit: 1000

I guess this is the effect of halving, people might panic because when bitcoin prices fell below $ 50, many people will sell their bitcoin. but I am pretty sure the price of bitcoin is still going to grow back

owm123

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Activity: 392

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Quote from: avikz on June 21, 2016, 09:21:10 AM

Chinese people just used bitcoin to send money outside the country and some traders have ridden the tide to make big profit out of it.

Exactly. They buy btc just as a way of getting money out of china. Now probably selling out to fiat, once they transfer what they wanted.

Daneric

full member

Activity: 224

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For experienced traders, this change in the bitcoin price is very normal, but for those who do not have any clue on market dynamics, it seems to be horror to them. There is no rule that says the price has to go up only. It might be bullish but there might be lows and highs as the price progresses. The change is that a normal market dynamic that happens with other trading currencies and commodities. You can expect it to down further and start going up again.

alyssa85

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It went up too fast, and all those people who bought at $700+ two years ago sent their coins to the exchanges and sold. It was bound to happen. It is only when all the 2014 lot have finally sold will the market have cleared properly and be ready for a genuine push up.

spartak_t

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@FAILCommunity

Everything is back to normal, but the price difference on BTC-e is still $25 from the average one....

Karartma1

legendary

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Come on guys, finex blackout led the crash. Finex is a leading BTC exchange and if it collapses, well, bitcoin is affected.

Now it seems up and running again but let's see what happens since some panic has started

Efficiency V

newbie

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Quote from: Btcvilla on June 21, 2016, 09:40:30 AM

Now is the best time to buy. If only I had some money to buy with.

I agree, for whatever reason it dropped, now is a good price to buy at. I think we will see it go back up to at least mid 700s or higher in a reasonable amount of time. Just some nervous selling going on currently.

Btcvilla

sr. member

Activity: 1078

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Now is the best time to buy. If only I had some money to buy with.

Topic: Bitcoin have lost more than $100 in a day... - page 5. (Read 5262 times)