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Topic: Is bitcoin downing to 400? - page 2. (Read 2475 times)

hero member
Activity: 546
Merit: 500
September 19, 2014, 02:33:53 AM
#9
I think bitcoin will not go below 400$. It will bounce back from 400$.
sr. member
Activity: 462
Merit: 250
September 19, 2014, 02:25:13 AM
#8
Below $400, I'm going to go bankrupt   Cry

Did you borrow to invest?
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
September 18, 2014, 11:32:02 PM
#7
Who knows? Personally I think we are bottoming now.
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
September 18, 2014, 11:29:31 PM
#6
There is a lot of resistance though, I don't see it downing to sub-400 levels unless a huge amount of coins (over 3500) are dumped in a short period.
newbie
Activity: 11
Merit: 0
September 18, 2014, 11:27:19 PM
#5
The chances are bitcoin hitting the downward value of $400 ,this is a great chance to buy some bitcoins.
full member
Activity: 234
Merit: 100
September 18, 2014, 11:07:06 PM
#4
The more days bitcoin be downtrade Sad
I hope can go up again Sad
sr. member
Activity: 484
Merit: 250
HubrisOne
September 18, 2014, 10:58:13 PM
#3
Below $400, I'm going to go bankrupt   Cry
member
Activity: 112
Merit: 10
September 18, 2014, 10:46:10 PM
#2
May hit mid 300s since no major news about bitcoin. Altcoins doing well though.
member
Activity: 90
Merit: 10
One day I shall rise!!
September 18, 2014, 10:40:53 PM
#1
http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/

Since the last few days there has been a significant downing in the bitcoin price.The chances are bitcoin hitting the downward value of $400 soon.

Quote
Merchant market affects

Danielli suggested that merchant adoption may indeed be having an effect on the market, an opinion that is now widely debated in the community.

These market observers point to the fact that though more merchants are accepting bitcoin payments, they are not holding these funds in bitcoin. Thus, they argue, the market is not attracting enough buyers to absorb these bitcoins on the open market.

However, Danielli took this argument a step further, suggesting that this influence is measurable when comparing bitcoin to the second most popular cryptocurrency, litecoin.

For example, he pointed to the difference between performance in the bitcoin and litecoin markets, noting that when bitcoin had fallen 7.5% during the day’s trading, litecoin had declined only 5%.

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