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Topic: Haven't heard any FUD/rumors, whats causing the downward trend? (Read 1993 times)

hero member
Activity: 574
Merit: 500
More sellers than buyers.

/thread

More Materiality value of sellers vs buyers

/thread  Cool
full member
Activity: 557
Merit: 101
More sellers than buyers.

/thread
member
Activity: 68
Merit: 10
The only sound way for BTC to have a healthy value is when it is practically adopted and used widely. So if you own BTC, try to use BTC for your transactions instead of fiat.

Whenever I use amazon, I buy an amazon gyft card using bitcoin and at exactly the same time, I buy the same amount of bitcoin from coinbase. I miss out on the 1% cash back from Discover, and may lose a percent on the bitcoin conversion (this part is variable), but usually come out ahead with the 3% in rewards points that gyft gives me.

Gyft cards come in increments of $5 so if I have, let's say, a $102 purchase on amazon, I'll buy a $100 card at gift and charge the remaining $2 to my credit card.

Sounds like a lot of work.   Amazon branded credit card gives you 3% points on all Amazon purchases.    Points where you are most likely to use them rather than on more fancy gyft cards.    Pay off credit card each month. Bam, done.
sr. member
Activity: 533
Merit: 251
The only sound way for BTC to have a healthy value is when it is practically adopted and used widely. So if you own BTC, try to use BTC for your transactions instead of fiat.

Whenever I use amazon, I buy an amazon gyft card using bitcoin and at exactly the same time, I buy the same amount of bitcoin from coinbase. I miss out on the 1% cash back from Discover, and may lose a percent on the bitcoin conversion (this part is variable), but usually come out ahead with the 3% in rewards points that gyft gives me.

Gyft cards come in increments of $5 so if I have, let's say, a $102 purchase on amazon, I'll buy a $100 card at gift and charge the remaining $2 to my credit card.

Nicely done!
hero member
Activity: 784
Merit: 1001
The only sound way for BTC to have a healthy value is when it is practically adopted and used widely. So if you own BTC, try to use BTC for your transactions instead of fiat.

Whenever I use amazon, I buy an amazon gyft card using bitcoin and at exactly the same time, I buy the same amount of bitcoin from coinbase. I miss out on the 1% cash back from Discover, and may lose a percent on the bitcoin conversion (this part is variable), but usually come out ahead with the 3% in rewards points that gyft gives me.

Gyft cards come in increments of $5 so if I have, let's say, a $102 purchase on amazon, I'll buy a $100 card at gift and charge the remaining $2 to my credit card.
sr. member
Activity: 533
Merit: 251
Check marketcaps, bitcoin down to $450, whats causing the trend?

What's causing the trend??? Use your common sense, BTC has hardly any practical use and common people have no need to buy it. Its no longer even safe to be considered a long term investment. COMMON SENSE is causing the trend if anything.

The only sound way for BTC to have a healthy value is when it is practically adopted and used widely. So if you own BTC, try to use BTC for your transactions instead of fiat.
legendary
Activity: 2179
Merit: 1201
Any people from China here? What do you think about this rubberbanding situation? I think China seriously starts to hurting Bitcoin.
hero member
Activity: 798
Merit: 1000
Why did it go up from $380 to a little over $500? There hasn't been any good news lately.

It's a thinly traded market. There's about $+-100 of noise just from daily trading.

Not really, it was at $500, and dropped to $350 due to Chinese crap news, and it went back.
legendary
Activity: 1204
Merit: 1002
Why did it go up from $380 to a little over $500? There hasn't been any good news lately.

It's a thinly traded market. There's about $+-100 of noise just from daily trading.
hero member
Activity: 770
Merit: 500
Thats what I thought! i think the community is getting tired of hearing stuff from china Roll Eyes

 There are too many threads about Chinese impact on bitcoin price  .If you watch closely , this game is happening for a month , I  just sit back  and buy when price drops and make easy profit.
member
Activity: 84
Merit: 10
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Thats what I thought! i think the community is getting tired of hearing stuff from china Roll Eyes
hero member
Activity: 798
Merit: 1000
Of course, the chinease :/
Thanks for helping me out, what do you think the price will be in a couple of days?

Just usual crap from China as usual... It'll get back to $500 in a few days.
member
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PM for journalist,typing,and data entry services.
Of course, the chinease :/
Thanks for helping me out, what do you think the price will be in a couple of days?
hero member
Activity: 518
Merit: 500
member
Activity: 84
Merit: 10
PM for journalist,typing,and data entry services.
Check marketcaps, bitcoin down to $450, whats causing the trend?
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