Topic: Bitcoin have lost more than $100 in a day... - page 6. (Read 5262 times)
More sellers than buyers, that's usually what accounts for this. Bitcoin is volatile, but we all knew that. I'm holding and I'm not going to sell.
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!
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!
Looks like price decline has stopped.
Probably. Imho, the recent rise in price was not normal so...
Tell me about it.... I somehow tried to warn people, but.....
Looks normal to me. Speculators drive up the price then sell off when they fear a dip. No mystery here.
Probably. Imho, the recent rise in price was not normal so...
I also think the DAO has shaken general trust in cryptos. Most people aren't savvy, they just lump all coins and related techs into a single basket.
Tell me about it.... I somehow tried to warn people, but.....
I think that the price is in a reverse but it will bounce back up. I guess we will still see the price going up and passing the $1000 mark before the halving.
Looks normal to me. Speculators drive up the price then sell off when they fear a dip. No mystery here.
Yezzir, it always seems to recede a little when we make some solid progress. I think we still have some more upward progress to achieve, but the uneducated fear selling in this market is the only reason why btc is so volatile ATM.
I also think the DAO has shaken general trust in cryptos. Most people aren't savvy, they just lump all coins and related techs into a single basket.
The price on BTC-e is $614 as we speak. Any reason for this?
Have a lot of reason for this because many people get a panic from The DAO cases it gives a big effect for this, and few times before the halving time I think it's became one of a factor and another reason. 
The price is decreasing because of the huge sell order received in various forms. In exchanges and offline also.
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.
Now they are squaring off their position and the price is dropping. It is quite normal for any exchange traded currency.
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.
Now they are squaring off their position and the price is dropping. It is quite normal for any exchange traded currency.
Looks normal to me. Speculators drive up the price then sell off when they fear a dip. No mystery here.
The price on BTC-e is $614 as we speak. Any reason for this?
"Greedy" people suddenly getting scared. These markets are completely insane sometimes.
In the "good old days" we had bounces from $26, 28, ~$32 down to $10, back up to ~$30, down to $14, up to $25, and later down to $1.9992, or very similar.
Good times for brave traders....
I also think that the price drop has to do with the upcoming britain leaving europe possibility.
Anyways, the price drop is okay, might go back to 580, and nxt week will be around 700 again... when halving comes my guess is it will have reached 850
peace
Anyways, the price drop is okay, might go back to 580, and nxt week will be around 700 again... when halving comes my guess is it will have reached 850
peace
No real reason except that Bitfinex coincidentally went offline earlier today during the price drop. Hopefully everything is ok. But some members of the forum are skeptical.
The price on BTC-e is $614 as we speak. Any reason for this?
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