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Topic: Bitcoin is crashing. Why? :( - page 6. (Read 7187 times)

member
Activity: 118
Merit: 100
A Programmer
August 09, 2015, 03:27:06 AM
#37
the price usually goes down on weekends, perhaps profit taking, perhaps selling, but yes, i think NYC has something to do with it.
hero member
Activity: 546
Merit: 500
August 09, 2015, 03:24:20 AM
#36
Because it was on sideways for a long time. Either it moves up or down. It tried +300's so hard but fail to stay there. This crash was expected by many.
member
Activity: 98
Merit: 10
August 09, 2015, 03:23:44 AM
#35
That's because bitcoin prices that are down dramatically this time...
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
August 09, 2015, 03:11:46 AM
#34
Were you around earlier this year? January?

This is just fun and games.

good "old times"....this was total capitulation .... and i bought some BTC  Cheesy
newbie
Activity: 14
Merit: 0
August 09, 2015, 02:51:14 AM
#33
Were you around earlier this year? January?

This is just fun and games.
hero member
Activity: 1540
Merit: 500
August 09, 2015, 02:43:54 AM
#32
Too many scam coins being created. People giving away their BTC to scammers. Scammers selling BTC for Fiat.

legendary
Activity: 1148
Merit: 1006
Black Panther
August 09, 2015, 02:36:21 AM
#31
Bitcoin's value depend on supply and demand. And about the crashing seems normal for me. At least bitcoin's value is not reaching lower than we expected.

Because we're still in 2015, just wait for next 5 years. And see what happen  Wink
Yeah, I still have faith on bitcoin for next year. The price will be unexpected !
member
Activity: 84
Merit: 10
August 09, 2015, 02:35:26 AM
#30
its not crashing its just fluctuation down into more sell then buy the offer its bigger than demand and this makes it lower in unit but the speculation also helps and the china factors into this long like passed year also help s not to be into 500 dollars a piece im might go to 200 dollars a piece but into January 2016 starts rise again
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
legendary
Activity: 3248
Merit: 1070
August 09, 2015, 02:20:00 AM
#28
it simple, bottom was never 275, but 250, 275+ was achieved too fast after we reached 250

i was expecteding a 250-275 range all the time, besides this there was some hack recently?

it was this ?

https://blockchain.info/tx/00fd1d894f68e73d2cd232d5501652ba1fe716cf561dd1dfad420238d4e341d6

https://bitcointalksearch.org/topic/30k-dumps-bitcoin-collapsing-run-1147247
member
Activity: 98
Merit: 10
August 09, 2015, 02:09:36 AM
#27
perhaps because of the many users of bitcoin and the price began to decline  Sad
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
August 09, 2015, 12:53:44 AM
#26
Relax, it's not crashing, it's just fluctuating a bit more than the last few days. Yesterday, 1 sell of 10,000 coins got us to about $266. This might be some Chinese miners who need to pay for their electricity. I suspect even that Ethereum launch has something to do with this. Yesterday, Ethereum got dumped to the ground, and these might be some holders that got into it a long time ago when Bitcoin was twice as price of today and now they finally sold and got out to fiat.
member
Activity: 112
Merit: 10
Crypto-Games.net: DICE and SLOT
August 08, 2015, 10:07:19 PM
#25
Why is it crashing?

"Because it is not backed by the awesome might and power of a centralized government."

https://www.youtube.com/watch?v=-DT7bX-B1Mg

I like the downs as much as the ups, it goes up I feel better about the Bitcoins I have, the price goes down, I get to buy.

What a wonderful world.
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
August 08, 2015, 10:01:36 PM
#24
Because we're still in 2015, just wait for next 5 years. And see what happen  Wink
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
August 08, 2015, 09:40:21 PM
#23
Well, a month back, it was rising sharply (supposedly on Greek fears).
Rises and crashes are a part of life.
full member
Activity: 167
Merit: 100
August 08, 2015, 08:46:48 PM
#22
Because bitcoins  like most assets including stocks and commodities are driven by momentum in the short to medium term trading.  People buy because other people are buying.  People sell because other people are selling.  When a rally fizzles out and starts to go down stop losses get hit and then other people sell.  That's what happen we didn't goto 300 people got out price goes down.
sr. member
Activity: 320
Merit: 250
August 08, 2015, 07:46:46 PM
#21
Crushing?  Yeah I agree that it is crushing toward the moon.
sr. member
Activity: 356
Merit: 250
August 08, 2015, 07:45:32 PM
#20
Because Mintcoin is better.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
August 08, 2015, 07:42:23 PM
#19
Crashing?

You mean that tiny little drop from $280 to $260 in the past 24 hours?

That doesn't look like a crash to me.  That just looks like normal bitcoin volatility.



Yep, pretty normal price fluctuations.  If it stays this way for a number of years there will be a lot of very rich and happy traders.  Look at that chart.  This thing is like the most predictable roller coaster ever.  Buy in the valleys and sell at the peaks: win.

From a price action analysis standpoint
on this chart:

Price tried twice to push higher and failed.
The support at the 275 level was then breached.
All the traders that were long with their stops
below the recent base of support were stopped
out, which creates double selling pressure as
the longs were forced to sell out their positions
and smart bear traders went short at the same
position.

I would probably expect two legs down before
the bulls return in force.  However, if the bear
breakout fails and price returns to over 280,
it is likely to resume the bull trend or at least
a range bound period with highs around 300.




legendary
Activity: 1456
Merit: 1023
August 08, 2015, 07:26:28 PM
#18
Bitcoin currency is bound to fluctuate wildly in price until its broader adoption. Most of the governments also don't support BTC hence it will react very fast for any kind of news either good or bad.
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