Author

Topic: MtGox Price (Read 1249 times)

420
hero member
Activity: 756
Merit: 500
October 27, 2012, 09:00:55 PM
#13
Thanks for all the replies as well as the links.  Very interesting.

So, Tuesday/Wednesday would be a good time to sell on Mt Gox generally?

sounds good enough for me
member
Activity: 84
Merit: 10
October 27, 2012, 08:53:39 PM
#12
Thanks for all the replies as well as the links.  Very interesting.

So, Tuesday/Wednesday would be a good time to sell on Mt Gox generally?
420
hero member
Activity: 756
Merit: 500
October 27, 2012, 03:04:20 PM
#11
Okay, so I'm still new to Bitcoin, haven't even been using it a full week yet.  I have noticed, however, that the value of 1 BTC has dropped nearly a full dollar in the last couple days.  Is this normal or is that a bad sign?

normal

steady for weeks, then big moves
hero member
Activity: 991
Merit: 500
October 26, 2012, 08:20:10 PM
#10
There is also Christmas coming up and new ASIC that people are investing in.
Christmas is an aspect. I've bought one gift already with bitcoin and have plans for a few more.
I've only been involved in Bitcoins for a year now, but I bought about 1/3 of last years presents with BTC. The difficulty was quite literally 1/3 of what it is today.

Yeah I used to make like 1.3 btc a day with my quad 7970 rig, now I only make .8 :/. What seems to be driving up the difficulty?
legendary
Activity: 952
Merit: 1000
October 26, 2012, 01:40:03 PM
#9
There is also Christmas coming up and new ASIC that people are investing in.
Christmas is an aspect. I've bought one gift already with bitcoin and have plans for a few more.
I've only been involved in Bitcoins for a year now, but I bought about 1/3 of last years presents with BTC. The difficulty was quite literally 1/3 of what it is today.
hero member
Activity: 588
Merit: 500
firstbits.com/1kznfw
October 26, 2012, 12:06:24 PM
#8
There is also Christmas coming up and new ASIC that people are investing in.

Christmas is an aspect. I've bought one gift already with bitcoin and have plans for a few more.
legendary
Activity: 883
Merit: 1005
October 26, 2012, 10:14:45 AM
#7

The Bitcoin price drop is a result of many many things.
 A major Bitcoin bank shut down, a report that said 70% of bitcoins were owned by hoarders (study was flawed but still makes no difference if Bitcoins are seen as a investment)
and The coming Bitcoin block reward halving has people on edge.

There is also Christmas coming up and new ASIC that people are investing in.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
October 25, 2012, 08:56:19 PM
#6
I just wanted to know if this is something that happens normally or whether it's something new.

This is the fourth drop of this magnitude in the past 75 days.


 - https://ferroh.com/charts

So, ya  ... bitcoin is volatile.

Thanks for the link. And yeah, doesn't particularly surprise me. I'd love to be able to see the Volume of BTC trades and such over the last week or two.  I wasn't really paying too much attention, but I don't recall it being at 88000 BTC.

bitcoincharts.com has a lot of info you might be interested in.
member
Activity: 84
Merit: 10
October 25, 2012, 08:52:01 PM
#5
I just wanted to know if this is something that happens normally or whether it's something new.

This is the fourth drop of this magnitude in the past 75 days.


 - https://ferroh.com/charts

So, ya  ... bitcoin is volatile.

Thanks for the link. And yeah, doesn't particularly surprise me. I'd love to be able to see the Volume of BTC trades and such over the last week or two.  I wasn't really paying too much attention, but I don't recall it being at 88000 BTC.
legendary
Activity: 2506
Merit: 1010
October 25, 2012, 08:40:24 PM
#4
I just wanted to know if this is something that happens normally or whether it's something new.

This is the fourth drop of this magnitude in the past 75 days.



 - https://ferroh.com/charts

So, ya  ... bitcoin is volatile.
member
Activity: 84
Merit: 10
October 25, 2012, 08:05:54 PM
#3
It mostly happened today.

Looks like it is climbing back up so just hold on to those coins, or buy some more while they are cheap.

Yeah, I wasn't planning on getting rid of any.  I kind of wish I'd sold some a couple days ago so I'd be able to buy back a small amount more.  I just wanted to know if this is something that happens normally or whether it's something new.
newbie
Activity: 9
Merit: 0
October 25, 2012, 08:00:42 PM
#2
It mostly happened today.

Looks like it is climbing back up so just hold on to those coins, or buy some more while they are cheap.
member
Activity: 84
Merit: 10
October 25, 2012, 07:56:28 PM
#1
Okay, so I'm still new to Bitcoin, haven't even been using it a full week yet.  I have noticed, however, that the value of 1 BTC has dropped nearly a full dollar in the last couple days.  Is this normal or is that a bad sign?
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