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Topic: BTC drops in value - page 2. (Read 3441 times)

sr. member
Activity: 308
Merit: 250
November 09, 2013, 11:45:53 PM
#15
legendary
Activity: 1722
Merit: 1004
November 09, 2013, 11:43:30 PM
#14
Yawn. Going to bed now. Wake me up in a few years and bitcoin will be either thousands or pennies. What happens in-between is just irrelevant detail.
hero member
Activity: 843
Merit: 608
November 09, 2013, 11:13:27 PM
#13
I'm not worried. I'm a long-term believer. I love the price swings for my day trades. Up about 20% today (on my overall BTC-value)!
newbie
Activity: 51
Merit: 0
November 09, 2013, 11:12:21 PM
#12
wow its sinking......hold on.... GOING UP........No... wait a minute......now DOWN ....within matter of minutes. should be an interesting night
Looks like it could drop like a rock into the upper 200's crazy to see tomorrow
It should be going stabilize back at 230- I hope

+1 no sleep tonight  Grin
hero member
Activity: 732
Merit: 500
Nosce te Ipsum
November 09, 2013, 11:06:59 PM
#11
This usually happens when it rises too quickly.  I know Silkroad 2 was back up and running.  There was likely a rush for people to buy bitcoins so they can start purchasing on it...so after that died down...it would make sense for bitcoin to fall.

WTF, really?! Silk Road has absolutely no bearing on the Bitcoin price what so ever! I am truly amazed how many people think that SR, in any way dictates the price of Bitcoin!
sr. member
Activity: 448
Merit: 250
Changing avatars is currently not possible.
November 09, 2013, 11:01:43 PM
#10
Think some people were selling a bit to take advantage of the new higher prices, they jumped quite a bit really fast.  Looks like there's some support in the mid to high 200's and more in the lower 200's as well.  Let's see what happens with the selling pressure though.
donator
Activity: 1464
Merit: 1047
I outlived my lifetime membership:)
November 09, 2013, 10:44:34 PM
#9
Bankers don't work weekends; with all the newbies who don't know the money stops flowing, they're surprised by the fall in price as we head in to sunday.  If it weren't for china, I should think we'd rise every morning and crash every night!
legendary
Activity: 3878
Merit: 1193
November 09, 2013, 10:41:18 PM
#8
also is .01 transaction fee a lil much now?Its like $3..Who collects those fees?

It's more like $0.03. You can get by with a 0.0001 btc fee and still have the network relay it to everyone.
legendary
Activity: 910
Merit: 1000
November 09, 2013, 10:33:33 PM
#7
also is .01 transaction fee a lil much now?Its like $3..Who collects those fees?

miners
hero member
Activity: 495
Merit: 500
November 09, 2013, 10:04:37 PM
#6
also is .01 transaction fee a lil much now?Its like $3..Who collects those fees?
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
November 09, 2013, 10:02:07 PM
#5
After watching the wall for about an hour i think we will see a correction soon
sr. member
Activity: 342
Merit: 250
November 09, 2013, 09:58:52 PM
#4
What are the future predictions?  Many people claim its yet to double?  I don't think it will.  Or will it?  And why?

I doubt it's a bubble. We might see a small correction down to the upper 200's / lower 300's but not lower than that. Just my opinion.
sr. member
Activity: 252
Merit: 250
November 09, 2013, 09:48:58 PM
#3
What are the future predictions?  Many people claim its yet to double?  I don't think it will.  Or will it?  And why?
sr. member
Activity: 728
Merit: 253
A Blockchain Mobile Operator With Token Rewards
November 09, 2013, 09:45:25 PM
#2
This usually happens when it rises too quickly.  I know Silkroad 2 was back up and running.  There was likely a rush for people to buy bitcoins so they can start purchasing on it...so after that died down...it would make sense for bitcoin to fall.
sr. member
Activity: 252
Merit: 250
November 09, 2013, 09:42:30 PM
#1
Over the past few hours, BTC's value dropped from around $360 to $318 and still dropping.

What do you think the cause is?  Do you think its going to keep dropping or is it yet to boom and why?

Just curious and wondering what the community thinks.
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