Topic: Can I know the reason for a fall from $650 to $600 (Read 1756 times)
Bro I Don't Saw a Single Reason for This But this a Continuous Process of Fluctuation and the Price Of Bitcoin Depends upon many Reasons Like Demand, Supply and Many Factors and It is Not Easy to Predict the Price Of Bitcoin in a Particular Given Time......
Hello when the price was $750 and when it gone down to $650 then the reason everyone was saying as the bitfinex but now once again the price is going down can I know that what is the reason?
The price probably (and most of us think so) that because of the recent hack of bitfinex where ~120k bitcoins where stolen and really dumped hard the bitcoin price, maybe it's a good time to buy bitcoin as we hope that price will get back again.
if you are a smart person you would know now is the best time to buy some bitcoin and of course hold them in offline wallets.
to me the reason is very simple some big sharks want the price to bitcoin so as to get bitcoin in a low price for this reason they start panic selling and make other people worried about and therefore they also sold their bitcoin even for a low price now the big sharks are buying bitcoin at that low price and after some days you will see that the price will reach to its original position.
Many people speculate the price of bitcoin fall so hard because bitfinex hacked and also when the price of bitcoin going down, many people sell their bitcoins too and it's become worse.
This is maybe because many people who panicked when they heard the news, I myself am a bit worried if all bitcoin is hacked it is sold may be price could fall below $400.
Many people speculate the price of bitcoin fall so hard because bitfinex hacked and also when the price of bitcoin going down, many people sell their bitcoins too and it's become worse.
Do you think bitfinex are telling the truth thats why the price of bitcoin is going down its always happening year by year there is trading or exchange site are down or hack yearly.. i can't imagine that they are lying to get those money.. This is just like the same as last year. and i think the price of bitcoin will recover back again near novemeber,
Many people speculate the price of bitcoin fall so hard because bitfinex hacked and also when the price of bitcoin going down, many people sell their bitcoins too and it's become worse.
I like that this is literally the tl;dr version of my post immediately above it.
Many people speculate the price of bitcoin fall so hard because bitfinex hacked and also when the price of bitcoin going down, many people sell their bitcoins too and it's become worse.
Hello when the price was $750 and when it gone down to $650 then the reason everyone was saying as the bitfinex but now once again the price is going down can I know that what is the reason?
Why do you dream at night? It's very hard to say why price fluctuation is occurring, or account for every dollar of rising/falling prices. It's fair to say that bitfinex has something to do with it, people get scared when they hear about security breaches when their money is involved. When people are selling because they're scared, they sell it for whatever they can at that minute and they cause a wave. Other people hear about a security breach, shortly after having and then they see the price dropping because of it.. They panic and don't want to see their coin become worthless so they sell out of fear too.
It's just thinning the herd.
its because of the stupid panic sellers...
to me the reason for present downfall is only the panic selling of of the people. because there is no bad news in the market related to bitcoin, the halving was also a successive one, i think there are some misunderstanding related to bitcoin, which made people worry and they start panic selling. i hope that the present down fall is for a shot period of time and hope that the market will recover its position very soon, because before the current position it was expected that the price of bitcoin is going to make a new record and is going to cross the all time high level. therefore i can expect that the price will not stay in current position and will soon recover its position,
The big event that is probably most relevant to the recent fall in BTC prices is the Ethereum "fork" (due to the DAO "attack").
Although I think that ETC had some influence over the last week the huge price drop last night would undoubtedly be due to the BitFinex debacle (another exchange bites the dust by the looks of it).
IMO the price will not raise back up for some time (and it may even drop further depending upon what the outcome of the BitFinex issue is).
it will recover much quickly than many think, after all $650 was very rock solid
this stupid dump from that hacker will not destroy it, it's like we have another "early adopter" now, nothing so out of hand...
Price drop is becouse Betfinex is hacked,funds are stolen,that is all i think
Price were falling during all day at yesterday. Even experts were saying it is cause of Bitfinex hack, huge amount was stolen. Hope they will find those stolen money. It wasn't the first huge hack, I heard in 2014 there was the giggest hack in bitcoin history and they could find some money on one wallet; and that time the price also gone down. I am watching the price for bitcoin now and it is rising a bit (if to compare with yesterday's price).
yes mate it is affected by that hack and now the btc price is suffering might be because of heavy dump of the hackers but it will bounce back as we see it by now it is trying to move up again so we just needed to wait and hold.
Price were falling during all day at yesterday. Even experts were saying it is cause of Bitfinex hack, huge amount was stolen. Hope they will find those stolen money. It wasn't the first huge hack, I heard in 2014 there was the giggest hack in bitcoin history and they could find some money on one wallet; and that time the price also gone down. I am watching the price for bitcoin now and it is rising a bit (if to compare with yesterday's price).
Well, the price of bitcoin is now really down, and the current price of bitcoin has reached $ 538, I think this is because there are many holders of bitcoin in bulk selling bitcoin they have in large quantities at a low price, this might be because the panic selling. if more people are doing it, of course, bitcoin prices will go down like this, but I hope the price will soon rise
yeah many bitcoin users start to sell their coins, also bitcoin prices experienced a gradual, downward movement over the course of several days, with market observers pointing to the halving of rewards on the bitcoin network as the cause. 
The big event that is probably most relevant to the recent fall in BTC prices is the Ethereum "fork" (due to the DAO "attack").
Although I think that ETC had some influence over the last week the huge price drop last night would undoubtedly be due to the BitFinex debacle (another exchange bites the dust by the looks of it).
IMO the price will not raise back up for some time (and it may even drop further depending upon what the outcome of the BitFinex issue is).
Well, the price of bitcoin is now really down, and the current price of bitcoin has reached $ 538, I think this is because there are many holders of bitcoin in bulk selling bitcoin they have in large quantities at a low price, this might be because the panic selling. if more people are doing it, of course, bitcoin prices will go down like this, but I hope the price will soon rise
Nothing can say why bitcoin is down maybe they sell the butcoin in that price or maybe in bitfinex hacking so bitcoin is fall down hope its going up again many panic selling there bitcoin now there afraid to falling down the bitcoin so many investor sell there bitcoin in a lower price. I think its will going up again to 1000$.
Maybe nothing can say why its down but for the moment I am surprised how many of the members here don't know it yet that bitfinex is offline and claiming that its coins are stolen.
Here is the link to it : http://www.coindesk.com/bitfinex-shuts-down-customer-bitcoin-stolen/
Bitfinex has not replied officially yet but things are not looking good for the moment. Bitcoin will continue to fall in the near term.
Hello when the price was $750 and when it gone down to $650 then the reason everyone was saying as the bitfinex but now once again the price is going down can I know that what is the reason?
the reason is the trap of big traders to pull out all bitcoin holder but I'm sure the price will rise again in the next few days.Jump to: