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Topic: Is it really THAT bad right now? - page 4. (Read 3199 times)

hero member
Activity: 568
Merit: 500
January 16, 2015, 08:07:37 AM
#18
Bitcoin price is determined by market forces. The price dropped, simply because there were a lot of sell orders.
If you check https://bitcoinwisdom.com/, you will see a lot of bitcoin was sold on the exchanges at round 7:30 UTC on 14th, causing the price to go down very quickly.

I dont know why these fools are selling their btc at that too much low price. Why dont they wait for next few montha and sell btc at 400 above. Its the time to buy as much as you can. No one determine its price it spaculation it will go higher in just next few months. Lets hope for the best

No idea.
Probably some bitcoiners panic-sold their bitcoin after seeing the price crashed over 20% in a day (bitstamp price went from $250 to $200) and further crashed another 20% within 30 minutes (bitstamp price went from $205 to $152).
full member
Activity: 124
Merit: 100
January 16, 2015, 08:05:41 AM
#17
Bitcoin is rising again now and I don't think it will be reaching $200 any time soon again.
legendary
Activity: 3234
Merit: 1654
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
January 16, 2015, 07:57:46 AM
#16
Bitcoin price is determined by market forces. The price dropped, simply because there were a lot of sell orders.
If you check https://bitcoinwisdom.com/, you will see a lot of bitcoin was sold on the exchanges at round 7:30 UTC on 14th, causing the price to go down very quickly.

I dont know why these fools are selling their btc at that too much low price. Why dont they wait for next few montha and sell btc at 400 above. Its the time to buy as much as you can. No one determine its price it spaculation it will go higher in just next few months. Lets hope for the best
hero member
Activity: 630
Merit: 500
January 16, 2015, 07:44:31 AM
#15
Bitcoin will prevail!

It can be depressing watching the btc price drop, you really need to think long term and not dwell on the current downturn. I'm still buying as much bitcoin I can afford regardless of the price.
hero member
Activity: 568
Merit: 500
January 16, 2015, 06:42:41 AM
#14
Bitcoin price is determined by market forces. The price dropped, simply because there were a lot of sell orders.
If you check https://bitcoinwisdom.com/, you will see a lot of bitcoin was sold on the exchanges at round 7:30 UTC on 14th, causing the price to go down very quickly.
hero member
Activity: 686
Merit: 500
fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!
January 16, 2015, 06:31:49 AM
#13
I understand that the price of bitcoin is slowly dropping, but is there real need for panic?

And also, if anyone knows the mechanics of bitcoin, why is it failing?

You only need to buy some btc or buy moree Cheesy
Swing time will happens soon Cheesy
legendary
Activity: 3472
Merit: 10611
January 16, 2015, 02:56:41 AM
#12
I understand that the price of bitcoin is slowly dropping, but is there real need for panic?

And also, if anyone knows the mechanics of bitcoin, why is it failing?
the reason for panic is some people bought large amounts a couple of month back and now that the price is falling they are panicing also mostly start panic selling so it further increases the drop in price
hero member
Activity: 882
Merit: 500
January 16, 2015, 02:51:11 AM
#11
I haven't even got a single bitcoin  Tongue

But yeah, that was what I was guessing. Hopefully more people trust and use bitcoin in the future (In God we trust currency everyone?)

At these prices, might be time to grab a few and forget about them for a decade.
newbie
Activity: 42
Merit: 0
January 15, 2015, 11:14:53 PM
#10
I haven't even got a single bitcoin  Tongue

But yeah, that was what I was guessing. Hopefully more people trust and use bitcoin in the future (In God we trust currency everyone?)
sr. member
Activity: 336
Merit: 250
January 15, 2015, 10:57:29 PM
#9
It has nothing to do with "Bitcoin". There's no algorithm or anything that dictates the price. It's purely dictated by how much people are willing to pay for a Bitcoin. It's nothing more than just another commodity for which people have to agree on a common price.

And also by how much people are willing to sell bitcoins for. Without a seller there is no buyer.
hero member
Activity: 526
Merit: 500
January 15, 2015, 10:00:22 PM
#8
I understand that the price of bitcoin is slowly dropping, but is there real need for panic?

And also, if anyone knows the mechanics of bitcoin, why is it failing?

Nobody knows why the price is dropping, though there are some guesses.  But Bitcoin isn't failing at all, so to answer your first question - no. 
sr. member
Activity: 350
Merit: 250
Honest 80s business!
January 15, 2015, 09:48:49 PM
#7
It has nothing to do with "Bitcoin". There's no algorithm or anything that dictates the price. It's purely dictated by how much people are willing to pay for a Bitcoin. It's nothing more than just another commodity for which people have to agree on a common price.
full member
Activity: 148
Merit: 100
January 15, 2015, 09:34:49 PM
#6
there are many reasons for the price movements for example today the price surge was cause by the removal of the swiss franc exchange cap.

Read the article below for a better understand how things can affect the price.

http://insidebitcoins.com/news/bitcoin-price-rebounds-and-swiss-franc-surges-as-snb-removes-euro-exchange-rate-cap/28805
sr. member
Activity: 322
Merit: 250
January 15, 2015, 09:18:55 PM
#5
The price will recovery.
newbie
Activity: 2
Merit: 0
January 15, 2015, 07:09:47 PM
#4
dont worry if you bought bitcoin a while back when the price was 300 dollars or what ever it will rise again.
sr. member
Activity: 322
Merit: 250
Ask me anything if you have any problem
January 15, 2015, 06:40:50 PM
#3
Did you just buy lots of btc a few month ago? If you buy yes you will panicked but for collector of btc just think that as part of market
hero member
Activity: 924
Merit: 1000
January 15, 2015, 06:07:56 PM
#2
Nobody can tell you why it's dropping and when that stops. But when you have put all your retirement capital in BTC january 2014 then there is reason to panic.  Shocked I mean, for someone there is reason to panic and for an other person is it just an normal movement of the marketprice.
newbie
Activity: 42
Merit: 0
January 15, 2015, 05:57:19 PM
#1
I understand that the price of bitcoin is slowly dropping, but is there real need for panic?

And also, if anyone knows the mechanics of bitcoin, why is it failing?
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