BTC DOWN continue? Why? - page 2. | Bitcointalksearch.org

15Lemon714

sr. member

Activity: 266

Merit: 250

Quote from: virtapayseller666 on March 05, 2015, 01:00:49 PM

BTC DOWN continue?

last night bitcoin price is 281$ now price of 1 bitcoin is 264$ and lossing value continue
see the price of 1 btc - http://preev.com/

What is the main reason the price is drop back to the same rate ? 230$

So you have been here long enough to become senior and you do not know the answer to your own question :/ I mean come on dude its written over half the forum, there was just a mini pump nothing more and now it will go back to what it was..

MakingMoneyHoney

hero member

Activity: 504

Merit: 500

Quote from: gentlemand on March 05, 2015, 01:53:23 PM

Quote from: MakingMoneyHoney on March 05, 2015, 01:08:40 PM

Isn't today the day 50 THOUSAND Bitcoins are being auctioned off? Seems like people think those buying cheap in an auction will be dumping them soon to get a little profit...

Judging by the calibre of buyers in previous auctions, that is the least likely scenario by a country mile even though it's a beloved theory of many on here.

I didn't say those buying in the auction would actually SELL their coins to make a profit. I said people are thinking they will, which leads to people thinking the price will fall, and wanting to sell why it's "high" in their opinion.

The prices always seem to fall when there's an auction, and then they rise again.

Personally, I can't think of any recent news that's negative, and a few recent positive news stories, which is kind of new. So, that's reason, I would guess it's people who think the price will fall in a self-fulfilling prophecy selling for now and not news fueling the selling.

gentlemand

legendary

Activity: 2590

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Welt Am Draht

Quote from: MakingMoneyHoney on March 05, 2015, 01:08:40 PM

Isn't today the day 50 THOUSAND Bitcoins are being auctioned off? Seems like people think those buying cheap in an auction will be dumping them soon to get a little profit...

Judging by the calibre of buyers in previous auctions, that is the least likely scenario by a country mile even though it's a beloved theory of many on here.

atlosas

sr. member

Activity: 248

Merit: 251

IF you look at the 30 min chart, it forms head and shoulders pattern which signals down trend in the short term

D4C

newbie

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Such is the life of the speculative digital commodity.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

More sellers than buyers!

bitgeek

sr. member

Activity: 462

Merit: 251

There's no reason, the price goes up as long as there is buying pressure. When the pressure is exhausted and people have no more fiat or just don't want to invest anymore, it goes down a bit. Just open a chart at any given moment of any given year and you'll see a similar pattern.

virtapayseller666

sr. member

Activity: 294

Merit: 250

Quote from: ca333 on March 05, 2015, 01:06:35 PM

Quote from: virtapayseller666 on March 05, 2015, 01:00:49 PM

BTC DOWN continue?

last night bitcoin price is 281$ now price of 1 bitcoin is 264$ and lossing value continue
see the price of 1 btc - http://preev.com/

What is the main reason the price is drop back to the same rate ? 230$

think for all the recent hacks which happened. many coins till unsold, or sold for fiat very cheap and then dumped online.
and also most btc-services have to sell coins to pay all bills. as long as electricity and mining hardware so cheap in china it will stay low in my opinion. wait for 2016 when reward half again, then it will technically have more value. but for now is all demand/offer price, you can not say clearly why. it depend on market situation day by day.

may be you are right recent hacks effect the bitcoin price
Hacked money all go to the exchange website and then btc price down

MakingMoneyHoney

hero member

Activity: 504

Merit: 500

Quote from: virtapayseller666 on March 05, 2015, 01:00:49 PM

BTC DOWN continue?

last night bitcoin price is 281$ now price of 1 bitcoin is 264$ and lossing value continue
see the price of 1 btc - http://preev.com/

What is the main reason the price is drop back to the same rate ? 230$

Isn't today the day 50 THOUSAND Bitcoins are being auctioned off? Seems like people think those buying cheap in an auction will be dumping them soon to get a little profit...

http://www.reuters.com/article/2015/03/05/us-bitcoin-auction-idUSKBN0M11WJ20150305

TaunSew

hero member

Activity: 756

Merit: 506

Most volume out there are bots or exchanges trading between their own accounts. December 2013 woke up a lot of BTC whales, who bought and forgot in 2009, and many of these new millionaires still need to dump their overnight fortunes.

BTC isn't going up for a long time.

ca333

hero member

Activity: 520

Merit: 522

Developer - EthicHacker - BTC enthusiast

Quote from: virtapayseller666 on March 05, 2015, 01:00:49 PM

BTC DOWN continue?

last night bitcoin price is 281$ now price of 1 bitcoin is 264$ and lossing value continue
see the price of 1 btc - http://preev.com/

What is the main reason the price is drop back to the same rate ? 230$

think for all the recent hacks which happened. many coins till unsold, or sold for fiat very cheap and then dumped online.
and also most btc-services have to sell coins to pay all bills. as long as electricity and mining hardware so cheap in china it will stay low in my opinion. wait for 2016 when reward half again, then it will technically have more value. but for now is all demand/offer price, you can not say clearly why. it depend on market situation day by day.

newIndia

legendary

Activity: 2198

Merit: 1049

Quote from: virtapayseller666 on March 05, 2015, 01:00:49 PM

BTC DOWN continue?

last night bitcoin price is 281$ now price of 1 bitcoin is 264$ and lossing value continue
see the price of 1 btc - http://preev.com/

What is the main reason the price is drop back to the same rate ? 230$

There can not be any specific reason of daily up down...

virtapayseller666

sr. member

Activity: 294

Merit: 250

BTC DOWN continue?

last night bitcoin price is 281$ now price of 1 bitcoin is 264$ and lossing value continue
see the price of 1 btc - http://preev.com/

What is the main reason the price is drop back to the same rate ? 230$

Topic: BTC DOWN continue? Why? - page 2. (Read 2107 times)