Topic: Bitcoin is crashing. Why? :( - page 6. (Read 7190 times)
the price usually goes down on weekends, perhaps profit taking, perhaps selling, but yes, i think NYC has something to do with it.
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.
That's because bitcoin prices that are down dramatically this time...
Were you around earlier this year? January?
This is just fun and games.
This is just fun and games.
good "old times"....this was total capitulation .... and i bought some BTC
Were you around earlier this year? January?
This is just fun and games.
This is just fun and games.
Too many scam coins being created. People giving away their BTC to scammers. Scammers selling BTC for Fiat.
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 
Yeah, I still have faith on bitcoin for next year. The price will be unexpected !
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
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
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
perhaps because of the many users of bitcoin and the price began to decline 
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.
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.
Because we're still in 2015, just wait for next 5 years. And see what happen
Well, a month back, it was rising sharply (supposedly on Greek fears).
Rises and crashes are a part of life.
Rises and crashes are a part of life.
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.
Crushing? Yeah I agree that it is crushing toward the moon.
Because Mintcoin is better.
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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.
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.
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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