Topic: Dafuq is happening with btc price - page 3. (Read 5903 times)

Ethereum

Expect a big price drop. Already predicited months back where coin is going to go. Was at $600s to $680s then down to mid $630s to $650 areas Now market is where I said it would be at $600s to $580s.

Next week to 2 weeks prices will be at $550s to $440 area dont believe me watch the markets already sloley happening as bigger numbers in smaller trades over time are increasing in BTC vols increasing and other coins being bought  up. end of weekend LTC will get back into the $10s and $12 area so if you want to goon ltc markets id be moving stuff over their for now and enjoy some price increases on a lot of the other alt coins including one of the newest ones BitcoinDark and Curecoin. and a few others.

Yep, I'm short on funds for more BTC partly due to the season. A stagnant price would definitely benefit me, assuming we see another growth spurt at some point after that.

What I think: A lot of people have their summer vacations right now, and many of us (tech geeks at BTC forums) has all or most of their savings in BTC.
So they sell some to get money for travel and vacations. Sell pressure. At the same time that buy pressure is low when a large part of us is on vacation.
And major investors won't step in right now. Probably in september/october we will see a lot more action.
Personally I would actually LIKE to see BTC be at this level or lower, for at least another couple of years (!!) so that I can save and invest more money in BTC.
Also stability aroung $600 would probably help for more mainstream adoption.
The main criticism and skepticism I've heard is about the volatility. Personally I think 1 BTC should be worth at least $2000 by the end of the year, and I believe that it possibly could be worth x10 times that, in 2014. But it would be much more profitable for ME if thoose level is delayed a couple of years.


 

Deeply corrupted China, keeps bailing out the rich: http://news.morningstar.com/all/market-watch/TDJNMW201407233/china-may-avoid-second-bond-default-thanks-to-bailout.aspx

400million fresh out of printers, that was easy!

I'd say time is near.

What happened in 2008 is nothing. I'm talking about a global event that will change the world completely, as in new financial system.

That's what people have been saying since 2008, and yet here we are.

Sadly but wholeheartedly I agree, financial crisis will happen, it's matter of when. Just by looking at people around us, getting bigger houses, fancier cars, more power-trippers at work, increasing number of dishonest politicians, I'd be very very surprised not seeing one coming within 5 years.

people start buying notebooks, and Dell dumping BTC they sold their comps for. Sadly Dell dont pay salaries in BTC, they need Euros.

This is a nice explanation of what is happening, in few years we will look at these threads and laugh rolling over the floor
because the value will be so high that the 1000$ barrier will seem really close to zero.

I think I can explain what's happening with the price.

Some over-greedy people with low IQ moved almost all of their coins to places called MtGox and SilkRoad, where they could speculate freely and buy illegal stuff. Doing that, they ignored and defeated the most important part of bitcoin: decentralization and put into the hands of a few entities hundreds of thousands of coins (Mark, USMS etc)

The Silk Road and MtGox events are very important milestones in Bitcoin's history and personally I do hope that both Mark Karpeles and Ross William Ulbricht face at least 20+ years of jail time for their deeds. Their 'businesses' had good parts also and if we were in an ideal world, I would oppose jail time and put their asses to hard work, but since this is not possible, jail it is.

Their actions brought immense bad news over Bitcoin as a whole and stopped much of the adoption phase. We have also the 'speculators', which buy and sell bitcoins only for fiat profit (never ever forget that, it's all about $) - they help a lot to crash the price, which in turn brings bad bad news. There is a small fraction of speculators which try to make their BTC holdings bigger, but that's another matter.

While I do not wish for it to happen, because too many people would suffer, a global financial crysis would put Bitcoin right next to gold and silver and potentially make it a New World Currency. But that would be a forced adoption in my opinion and I'm pretty sure we'll see lots of tears from the people that heard, used, speculated, mined or stolen bitcoin and never understood what's it's purpose. I'm sure that each one of us will regret of having even 1 BTC and not putting it to storage for a long time.

Seems we are holding the 600's nicely for now. Good I panic opened this thread, instead of panic selling, was expecting a plungue to the 550 level again.

Next 2 - 3 days will be important to determine where we are going. It can be market manipulation to get cheap coins before the rise, or people with inside info selling coins before some bad news is released and cause a huge drop. I have already seen both happening.

Thanks man, lots of support for a short term Fall. I hope a nice September rise will happen too : )

Thought I got a bargain buying a lot @$610.27 earlier this morning

Short term we should fall a bit, maybe because of the new companies adopting bitcoins and cashing out,
but mid term the value will rise, I'm waiting September with excitement...

Any you guys think were gonna rebound to $630?

Or continue heading South?

"Get your Bitcoins!"

Here an article with regular updates on today's movement:

http://www.cryptocoinsnews.com/news/whats-happening-bitcoin-price/2014/07/24

Less than 600 on stamp now  
If you want to buy cheap coins now it's the time 

Whales at work!

Index has just hit sub$600 on Stamp

It's good man, we can buy cheap coins! 

Exactly! haha
We're on summer and there's not a lot of movement so maybe that's good