Author

Topic: falling prices (Read 2133 times)

legendary
Activity: 1022
Merit: 1000
June 16, 2013, 04:33:35 PM
#26
My favorite chart as of recent:





notice that this is the full history of upper chart (La Crash de Bublé Point Commè):

https://www.google.com/finance?q=INDEXNASDAQ%3A.IXIC&sq=nasdaq&sp=1&ei=kS2-Ubi3H42TwQP5-gE

hero member
Activity: 672
Merit: 500
June 16, 2013, 07:42:50 AM
#25
We're down from 130 to 100 because there were some massive dumps 3 weeks in a row. That seems to be it. Can't really find another reason.
Thank god so far this weekend no dump so hopefully tomorrow people will start buying again.

So the downtrend / long term bear market has reversed because someone didn't sell a load of Bitcoin today  Roll Eyes

 Huh What the hell are you talking about.

I noticed something about you. You disagree with everyone just to disagree with them.
Are you like this in real life as well?

Edit: don't bother answering. I'm putting you on ignore.
legendary
Activity: 1246
Merit: 1000
June 16, 2013, 06:15:16 AM
#24
We're down from 130 to 100 because there were some massive dumps 3 weeks in a row. That seems to be it. Can't really find another reason.
Thank god so far this weekend no dump so hopefully tomorrow people will start buying again.

So the downtrend / long term bear market has reversed because someone didn't sell a load of Bitcoin today  Roll Eyes

There is no long term bear market, there has been a downtrend the past couple of weeks just like we had an uptrend that also lasted a few weeks before that. It hasn't reversed yet and nobody said it has. Perhaps it won't and if it continues on the downward slope the next couple of weeks I will concede that we have entered a short term bear market at least. But a drop from 130 to 100 is nothing to worry about, to put this into perspective these are the main movements we've seen so far since the crash: 266 -> 50 -> 166 -> 79 -> 135 -> 100 (now). Doesn't look so bad does it?
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
June 16, 2013, 05:55:22 AM
#23
We're down from 130 to 100 because there were some massive dumps 3 weeks in a row. That seems to be it. Can't really find another reason.
Thank god so far this weekend no dump so hopefully tomorrow people will start buying again.

So the downtrend / long term bear market has reversed because someone didn't sell a load of Bitcoin today  Roll Eyes

Sooner or later, the weak hands will become empty. I believe it's sooner...
legendary
Activity: 2097
Merit: 1071
June 16, 2013, 05:51:35 AM
#22
We're down from 130 to 100 because there were some massive dumps 3 weeks in a row. That seems to be it. Can't really find another reason.
Thank god so far this weekend no dump so hopefully tomorrow people will start buying again.

So the downtrend / long term bear market has reversed because someone didn't sell a load of Bitcoin today  Roll Eyes
hero member
Activity: 672
Merit: 500
June 16, 2013, 05:47:09 AM
#21
We're down from 130 to 100 because there were some massive dumps 3 weeks in a row. That seems to be it. Can't really find another reason.
Thank god so far this weekend no dump so hopefully tomorrow people will start buying again.
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
full member
Activity: 205
Merit: 100
June 16, 2013, 04:38:01 AM
#19
what you on about with that 'across the board' nonsense, its always been across the board, they're all practically pegged to BTC. look at franky's chart and think of how ridiculously better BTC is over gold, then dream of central banks.
sr. member
Activity: 308
Merit: 250
June 16, 2013, 04:37:12 AM
#18
may's low price for the month was $79 dollars..
April's low price for the month was $50 dollars..


so junes price still being well over May's low and sticking to the $100 price area means that the price is not really worth panicking over.

relax. and as mr Miagi says: danielson finance trading, like painting fense. it always Uppp Dowwwn uppp Dowwn.

now go paint all the fense untill you realise it always the same.

and as will smith more recently said "fear and panic is only in your mind. it isnt real"

Quotes to live by, good Sir!
legendary
Activity: 2097
Merit: 1071
June 16, 2013, 04:20:39 AM
#17
When we hit the long term trend line maybe it will go back up again.

legendary
Activity: 1246
Merit: 1000
June 16, 2013, 04:08:48 AM
#16
Price rise was too high, too quick.  We are in a consolidation phase.
We're past consolidation and clearly broke downward. Long slow slide time.


Remove the 7 small bodied red candlesticks at the end and you could as well have said we clearly broke upwards. Looks like normal oscillation around the mean to me. Until we convincingly break 88 on the downside I'm not convinced we're on a long slow slide down. This could easily reverse again.
hero member
Activity: 826
Merit: 508
June 16, 2013, 03:53:10 AM
#15
Price rise was too high, too quick.  We are in a consolidation phase.
We're past consolidation and clearly broke downward. Long slow slide time.
hero member
Activity: 1162
Merit: 500
June 16, 2013, 02:24:36 AM
#14
People are losing interest.

Bitcoin was clearly a bubble in April 2013. A hype. It even made it to the mainstream media. On page one of news magazines.

In the media there is always another new bandwagon.

The crowd wants to be entertained. The crowd wants something new.

legendary
Activity: 1904
Merit: 1002
June 16, 2013, 01:57:28 AM
#13
You need to think of the glass half full instead of half empty.

If the price completely bottomed out all the way to $2 again we would all get to buy more coins and see the Winklevoss twins on TV with some seriously brown stains on their underwear. LOL

1/2 water, 1/2 air

The glass is always full.
legendary
Activity: 1904
Merit: 1002
June 16, 2013, 01:57:03 AM
#12
Nobody likes bitcoins anymore.  It turns out they were a dumb idea Tongue.
full member
Activity: 196
Merit: 100
June 16, 2013, 01:53:04 AM
#11
Things crash but things also go up!

are you tarzan?
full member
Activity: 209
Merit: 100
June 16, 2013, 01:51:55 AM
#10
Things crash but things also go up!
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
June 16, 2013, 12:03:37 AM
#9
You need to think of the glass half full instead of half empty.

If the price completely bottomed out all the way to $2 again we would all get to buy more coins and see the Winklevoss twins on TV with some seriously brown stains on their underwear. LOL
legendary
Activity: 4424
Merit: 4794
June 15, 2013, 10:34:41 PM
#8
worrying about the minute by minute high price changes will make your hair turn grey.

put into the prospective of the low price added to a chart and you instantly see its not as bad a scene as you first think.



the low price is what i use for the bases of natural growth.. the high price is pure speculation and profiteering.. so going by that logic i still see a healthy slow rise in the monthly price

(until the moment someone reads this and gets angry that i have cooled down the panic. and goes about on a crusade to dump the price on purpose)
vip
Activity: 756
Merit: 503
June 15, 2013, 10:28:11 PM
#7


The "end" of crypto-currency.
full member
Activity: 196
Merit: 100
June 15, 2013, 10:26:51 PM
#6
I haven't checked the BTC price since early May, and was relieved to see the price hasn't changed at all.  Smiley
full member
Activity: 170
Merit: 102
June 15, 2013, 10:22:25 PM
#5


Bitcoin is up 500% this year and Litecoin even more. What's the problem?  Cheesy

it looks like a trend change, thats the problem, bubbles like we had in march/april crash, and then recover, and the volatility keeps it up and down for a while, but its mid june now, and this has more or less settled down, but we are seeing seclining prices, across the board, in the space of under a month, like i said litecoin has shit itself by about a dollar, namecoin is tumbling, bitcoin also falling off a bit, why is this happening to more than just bitcoin?   its a bearish trend change signal to the whole cryptocurrency idea which has me concerned
legendary
Activity: 4424
Merit: 4794
June 15, 2013, 10:15:58 PM
#4
may's low price for the month was $79 dollars..
April's low price for the month was $50 dollars..


so junes price still being well over May's low and sticking to the $100 price area means that the price is not really worth panicking over.

relax. and as mr Miagi says: danielson finance trading, like painting fense. it always Uppp Dowwwn uppp Dowwn.

now go paint all the fense untill you realise it always the same.

and as will smith more recently said "fear and panic is only in your mind. it isnt real"
legendary
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
June 15, 2013, 10:14:55 PM
#3
Price rise was too high, too quick.  We are in a consolidation phase.
vip
Activity: 756
Merit: 503
June 15, 2013, 10:13:05 PM
#2


Bitcoin is up 500% this year and Litecoin even more. What's the problem?  Cheesy
full member
Activity: 170
Merit: 102
June 15, 2013, 10:06:18 PM
#1
any ideas as to why bitcoin price has dropped so much in the last few weeks?  its getting a bit bearish imo, whats concerning me is that prices are falling across the board, litecoin has lost about a dollar, namecoin has lost about 50% in only a few weeks ...

across the board falls like this are not just volatility, or even investor/speculator sentiment on one or more particular cryptocurrency, im a bit concerned it points to some emerging problem in the entire bitcoin idea

people who think its good that price falls because they can get btc cheap should take not of the old wall st analogy of trying to catch a falling knife ...

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