Topic: Bitcoin price down, but why? (Read 1471 times)
It is dropping for technical reasons, as in charting. It never deserved to be at $200 to begin with, which is why it went down to $50. IT will find a price eventually but until then it will drift up and down. I personally feel it should be about $40 but we will see in time.
i have no idea
Market cap. of the BTC is still quite low so pump 'n' dump bonker mentioned is still feasible for wealthy individuals and organizations. I guess it takes time to reach maturity to see that effect decreasing.
For a full expalination of the recent drop see here: https://bitcointalksearch.org/topic/m.2002817
Maybe silkroad cashout?
nah, people are cashing out because of the technical analysis on the market. Seems bearish for now. No newcommers willing pay let say 200 for Bitcoin are comming
I read somewhere it was because of Silk Road being ddos'd. Who knows. It'll climb back up eventually.
How can you DDoS an .onion site to which you do not have an IP for?
You would need to DDoS the entire TOR network with all of it's exit nodes to drop an .onion site.
it has no value anyway
It has value. It has huge value. The value that people attribute to it. The power it holds is it's value.
And it has huge power. No taxes, instant transfers all around the world. It cannot be traced by the police. You can buy all sorts of shit from drugs to computers with it.
And you're saying it has no value when it offers many things that normal currency cannot.
Price seems tightly bound to bitcoin's popularity on the web...
I read somewhere it was because of Silk Road being ddos'd. Who knows. It'll climb back up eventually.
The bubble is still bursting. The rebound to $166 was just a fool's rally. I think it's going to be a slow decline to the mid double digits before the bubble fully deflates.
So you're thinking around $50? Isn't that about the lowest is got after the crash?
Anyone's guess.
My thoughts exactly.
Best time to buy in.
Indeed
Best time to buy in.
my guess and I hope im right is that before janruary the price was like 10-20 dollars and it had bounced around this mark for years. im hoping it will slide steadily to this again or maybe just above 20-30 then slowly recover, maybe another bubble then. having prices this high so early on cant be good people will just mine, mine, mine. until theres none left. plus I don't have any btc and I want in but im scared to buy now because were in the aftermath of the bubble.
slow down bitcoin, nice and slowly.
You clearly need to first, learn about bitcoin before you post an uneducated opinion, and second, go buy some so you can at least feel like you're entitled to have an opinion!slow down bitcoin, nice and slowly.
LOL, yes! Clearly that dude had no firggen clue what he was talking about! As for why it went down I dont have an answer but anything over a $9 bitcoin is proffit for me!
The bubble is still bursting. The rebound to $166 was just a fool's rally. I think it's going to be a slow decline to the mid double digits before the bubble fully deflates.
my guess and I hope im right is that before janruary the price was like 10-20 dollars and it had bounced around this mark for years. im hoping it will slide steadily to this again or maybe just above 20-30 then slowly recover, maybe another bubble then. having prices this high so early on cant be good people will just mine, mine, mine. until theres none left. plus I don't have any btc and I want in but im scared to buy now because were in the aftermath of the bubble.
slow down bitcoin, nice and slowly.
You clearly need to first, learn about bitcoin before you post an uneducated opinion, and second, go buy some so you can at least feel like you're entitled to have an opinion! slow down bitcoin, nice and slowly.
Obviously he's here to talk the price of BTC down so he can buy some!
it has no value anyway
Why are you here then? 
it has no value anyway
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