Does anyone know why Bitcoin is down today? - page 2.

BitsandBites

sr. member

Activity: 350

Merit: 250

Quote from: Dilla on December 20, 2015, 06:40:09 PM

we've been going up, then stabilized, so we went down, we'll stabilize, then go up again.

Yeah I hope it will happend in january like in November and this month.
So that the price will be stable around 500 dollars. That would be nice and hoping that it never goes down to 400 dollars again.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: asa.convex on December 21, 2015, 03:53:28 AM

Quote from: threejs on December 20, 2015, 01:56:30 PM

Just curious. Thanks.

Not sure.. I'm wondering too.

Th reason for down fall might be some people are encashing their bitcoins into fiat for getting ready for the occasions. More over a pull back is more common in a commodity trading before going forward.

asa.convex

full member

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Quote from: threejs on December 20, 2015, 01:56:30 PM

Just curious. Thanks.

Not sure.. I'm wondering too.

Amph

legendary

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Merit: 1070

Quote from: bhokor on December 20, 2015, 08:26:27 PM

Wow, -7% in a day man, it is called extreme volatility, i think lots of people are selling btc's for buy christmas gifts and too some inversors take the profits at end of year for close his balances

7% is nothing in bitcoin world, it's the ordinary work of the market, 50% + would be considered a good swing in bitcoin

i would not be upset about those small fluctuations, they count nothing

threejs

newbie

Activity: 21

Merit: 0

Quote from: TERA on December 20, 2015, 05:50:34 PM

Satoshi dumping hard on gox.

Funniest comment of the day award

bhokor

legendary

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Wow, -7% in a day man, it is called extreme volatility, i think lots of people are selling btc's for buy christmas gifts and too some inversors take the profits at end of year for close his balances

talks_cheep

legendary

Activity: 1036

Merit: 1000

I will tell you the real answer:

CHINA

They are behind EVERY rise and fall of bitcoin price movement since 2013. The reason why it's down today is because China decided it's time to dump before the end of the year, they're saying "let's take some profit off bitcoin"

I think they will keep selling and dumping until we go to 300. You're all screwed, price will stay around 300 until Feb/March 2016.

mtnsaa

legendary

Activity: 1568

Merit: 1000

No one knows as usual, the market can be manipulated, not as easily as the altcoin one but in the pas couple of months something very weird has been happening and there's no real answer.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Why anything? Why did it go up? It's just markets breathing upwards and downwards. Nothing to get worked up about really.

Dilla

hero member

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Merit: 500

we've been going up, then stabilized, so we went down, we'll stabilize, then go up again.

HarryKPeters

hero member

Activity: 896

Merit: 1000

Live Stars - Adult Streaming Platform

Satoshi's coins are still untouched. So nah. It wasn't him.
Perhaps people finally understand the current price is way to high and since it was caused by a pump, it was a good price to sell anyway.

TERA

hero member

Activity: 728

Merit: 500

Satoshi dumping hard on gox.

LuckyYOU

sr. member

Activity: 280

Merit: 250

Probably the whales were to impatient and were taking some profit.
And so our pump is officialy over.

Let's hope for the best and we don't retract to lower then 300 dollar

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: BruceLee007 on December 20, 2015, 04:52:41 PM

well i actually dont know what has happened that bitcoin price was dumped that much in such a short period of time i guess the main reason why it could have happened is that people started selling and the other who saw the price drop did that too because they were afraid to loose money

Forget news, what about technicals!?

What about this:

https://www.tradingview.com/x/8fu1wgJ3/

HarryKPeters

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Quote from: BruceLee007 on December 20, 2015, 04:52:41 PM

well i actually dont know what has happened that bitcoin price was dumped that much in such a short period of time i guess the main reason why it could have happened is that people started selling and the other who saw the price drop did that too because they were afraid to loose money

Rumours are some big whale sold some coins and people went into panic selling mode.

And so the current price is back at 440 (439 USD) now.

Either the market corrects back to 460 USD or we will see some more dumping tomorow.

BruceLee007

sr. member

Activity: 406

Merit: 250

well i actually dont know what has happened that bitcoin price was dumped that much in such a short period of time i guess the main reason why it could have happened is that people started selling and the other who saw the price drop did that too because they were afraid to loose money

threejs

newbie

Activity: 21

Merit: 0

Quote from: MatTheCat on December 20, 2015, 04:13:05 PM

Quote from: a7mos on December 20, 2015, 04:12:18 PM

So you call 20 dollars decline in the price as it is down ?
It is normal for bitcoin price to have more strong movements in short time. Do not be panic

Thanks to everyone who replied. I thought it might have been something specific like Cryptsy freezing accounts or going under. But like some said it was only 20 bucks.

Well Said!

The time to panic is when Bitcoin goes sub $400!

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: a7mos on December 20, 2015, 04:12:18 PM

So you call 20 dollars decline in the price as it is down ?
It is normal for bitcoin price to have more strong movements in short time. Do not be panic

Well Said!

The time to panic is when Bitcoin goes sub $400!

a7mos

hero member

Activity: 574

Merit: 500

So you call 20 dollars decline in the price as it is down ?
It is normal for bitcoin price to have more strong movements in short time. Do not be panic

fisheater22

member

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Merit: 10

The answer is obvious, my friends! It is the Jews! Covetous Jews, who have taken all our money and hoarded it for themselves. And hidden all the cash in some secret Jew Cave that they built, probably back in the early 60’s Angry

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