Topic: Negative news about Bitcoin is nowhere to be found, yet the price is falling (Read 2605 times)
April 14, 2014, 04:39:10 PM
All begins with one huge DUMP.
April 14, 2014, 03:01:13 PM
Why is there an attitude that every bitcoin price movement should have something to do with "news"? That is ridiculous.
Exactly. Plus there is bad news on Google too; 'miners facing substantial losses', 'bitcoin bound for guns and gold crowd', 'Bitcoin firms dumped by Australian National Bank', etc.
Yeah there does seem to be a lot of negative news, yet the price does not seem to reflect most of this. Amazon says "no", but "Tigerdirect is now accepting bitcoin".
April 13, 2014, 08:19:58 PM
Miners are cashing in most of their mined BTC (3600~4000 every day) to pay their bills as difficulty increasing mining is getting more and more costly.
4000 BTC at 400$ each amount for about 1.6m$ every day.
You need a really strong buying support to get over that.
4000 BTC at 400$ each amount for about 1.6m$ every day.
You need a really strong buying support to get over that.
If you sold the coin, you are realizing the loss, thus would never make it back. So the wise move is to stop the miner so that you don't need to pay the bills, and then buy the coins
Including previous holder's cash out, there should be several thousand BTC for sell every day, but 1.6m$ every day is really nothing if you comparing with FED printing 2.5b$ every day
April 13, 2014, 03:22:51 PM
Why is there an attitude that every bitcoin price movement should have something to do with "news"? That is ridiculous.
Exactly. Plus there is bad news on Google too; 'miners facing substantial losses', 'bitcoin bound for guns and gold crowd', 'Bitcoin firms dumped by Australian National Bank', etc.
April 13, 2014, 03:17:43 PM
Why is there an attitude that every bitcoin price movement should have something to do with "news"? That is ridiculous.
April 13, 2014, 03:11:12 PM
Normal fall from 1240 to 400 usd ?
Yes, that is also normal for a speculative market.
April 13, 2014, 02:36:47 PM
That's the thing about skiing Mt. Bitcoin (Not to be confused with MtGox). Once you take the fun ride to the bottom, you get to hit the triple diamond slopes again.
Ride it out. 1240 to 400 was to be expected with people taking enormous losses from Gox and the looming threats of regulation and taxation. Now the regulatory and legal issues are less frightening, more real, and less rumor. Mt.Gox is gone, and has left us with a much wiser, broader audience and user base.
I'm not going to speculate....
No. Really. I'm not.
But Bitcoin isn't at it's new stable price point. Far from it.
Ride it out. 1240 to 400 was to be expected with people taking enormous losses from Gox and the looming threats of regulation and taxation. Now the regulatory and legal issues are less frightening, more real, and less rumor. Mt.Gox is gone, and has left us with a much wiser, broader audience and user base.
I'm not going to speculate....
No. Really. I'm not.
But Bitcoin isn't at it's new stable price point. Far from it.
April 13, 2014, 02:20:53 PM
Normal fall from 1240 to 400 usd ?
April 13, 2014, 02:16:43 PM
Looking at BTC-E, there seems to be a lot of dumping in the past 4-5 hours. Before that happened, the prices were stable. The dumping decreased the exchange rate from $420 to $380.
Normal pattern: Weekend slump + retesting the recent low.
It's already back up now.
$412+ less than a 1/2 hour ago.
April 13, 2014, 02:11:53 PM
http://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/
http://www.coindesk.com/price-bitcoin-remains-500-amid-china-uncertainty/
http://www.coindesk.com/chinese-central-bank-officials-discuss-bitcoin-new-rumors/
http://www.coindesk.com/btc38-suspends-trading-cites-china-central-bank-guidance/
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
No, no bad news at all. I haven't even bothered to get all the links.
Try spending some time searching.
http://www.coindesk.com/price-bitcoin-remains-500-amid-china-uncertainty/
http://www.coindesk.com/chinese-central-bank-officials-discuss-bitcoin-new-rumors/
http://www.coindesk.com/btc38-suspends-trading-cites-china-central-bank-guidance/
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
No, no bad news at all. I haven't even bothered to get all the links.
Try spending some time searching.
Dude, did you even bother to read my post? I'm not talking about Coindesk, I'm talking about Google News which is a WAY broader source of news. Not even comparable to Coindesk.
Coindesk is the best source of crypto news for people interested in it, and thus, most people read what is there.
The masses learn about what happens in the Bitcoin world on the mainstream media and websites. 99% of the general public doesn't even know Coindesk exists.
The "general public" does not own any bitcoins, so therefore they cannot affect the price.
April 13, 2014, 02:09:12 PM
I doubt we'll ever see below $400 again.
$405 right now on BTC-E. ...update
$401.7 right now on BTC-E.
April 13, 2014, 01:16:56 PM
Miners are cashing in most of their mined BTC (3600~4000 every day) to pay their bills as difficulty increasing mining is getting more and more costly.
4000 BTC at 400$ each amount for about 1.6m$ every day.
You need a really strong buying support to get over that.
4000 BTC at 400$ each amount for about 1.6m$ every day.
You need a really strong buying support to get over that.
Is there any evidence that actually supports this ongoing claim?
It is totally illogical to sell your mined coins when difficulty is going up and value is dropping.
Especially when bitcoin has a low usd value you'd try to save as much as possible and only sell what you absolutely have to to come by.
Either you are mining because you believe bitcoin will be worth a lot more in which case you are doing the same as those that buy and hodl or you mine to sell for usd and in that case it might make sense to hold back some/all of your mined coins until the value rises again and you make better profits.
+1
April 13, 2014, 01:15:37 PM
Miners are cashing in most of their mined BTC (3600~4000 every day) to pay their bills as difficulty increasing mining is getting more and more costly.
4000 BTC at 400$ each amount for about 1.6m$ every day.
You need a really strong buying support to get over that.
4000 BTC at 400$ each amount for about 1.6m$ every day.
You need a really strong buying support to get over that.
Is there any evidence that actually supports this ongoing claim?
It is totally illogical to sell your mined coins when difficulty is going up and value is dropping.
Especially when bitcoin has a low usd value you'd try to save as much as possible and only sell what you absolutely have to to come by.
Either you are mining because you believe bitcoin will be worth a lot more in which case you are doing the same as those that buy and hodl or you mine to sell for usd and in that case it might make sense to hold back some/all of your mined coins until the value rises again and you make better profits.
April 13, 2014, 01:10:14 PM
I've been noticing a strange thing for weeks now. If you open Google News and search for bitcoin, most of the articles are (very) positive: new Bitcoin ATMs showing up here and there, new people and organizations supporting Bitcoin, stories about people who became millionaire thanks to Bitcoin, etc. OK, there may be some negative articles, especially in the last week, but most of them are not.
Nonetheless Bitcoin is falling and doesn't seem to be wanting to stop.
Did you notice this as well?
Nonetheless Bitcoin is falling and doesn't seem to be wanting to stop.
Did you notice this as well?
Do you read my lectures on their forum, 3 months ago you would know all.
Here are all my exposure:
My old threads with my analyzes, who recognized at the time, he is profited.
https://bitcointalksearch.org/topic/bicoin-biggest-scam-in-the-early-history-400001
https://bitcointalksearch.org/topic/m.4014576
https://bitcointalksearch.org/topic/m.4563711
https://bitcointalksearch.org/topic/m.4553769
https://bitcointalksearch.org/topic/urgent-bitcoin-is-on-the-verge-of-collapse-467191
April 13, 2014, 01:00:13 PM
http://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/
http://www.coindesk.com/price-bitcoin-remains-500-amid-china-uncertainty/
http://www.coindesk.com/chinese-central-bank-officials-discuss-bitcoin-new-rumors/
http://www.coindesk.com/btc38-suspends-trading-cites-china-central-bank-guidance/
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
No, no bad news at all. I haven't even bothered to get all the links.
Try spending some time searching.
http://www.coindesk.com/price-bitcoin-remains-500-amid-china-uncertainty/
http://www.coindesk.com/chinese-central-bank-officials-discuss-bitcoin-new-rumors/
http://www.coindesk.com/btc38-suspends-trading-cites-china-central-bank-guidance/
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
No, no bad news at all. I haven't even bothered to get all the links.
Try spending some time searching.
Dude, did you even bother to read my post? I'm not talking about Coindesk, I'm talking about Google News which is a WAY broader source of news. Not even comparable to Coindesk.
Coindesk is the best source of crypto news for people interested in it, and thus, most people read what is there.
The masses learn about what happens in the Bitcoin world on the mainstream media and websites. 99% of the general public doesn't even know Coindesk exists.
April 13, 2014, 12:31:22 PM
http://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/
http://www.coindesk.com/price-bitcoin-remains-500-amid-china-uncertainty/
http://www.coindesk.com/chinese-central-bank-officials-discuss-bitcoin-new-rumors/
http://www.coindesk.com/btc38-suspends-trading-cites-china-central-bank-guidance/
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
No, no bad news at all. I haven't even bothered to get all the links.
Try spending some time searching.
http://www.coindesk.com/price-bitcoin-remains-500-amid-china-uncertainty/
http://www.coindesk.com/chinese-central-bank-officials-discuss-bitcoin-new-rumors/
http://www.coindesk.com/btc38-suspends-trading-cites-china-central-bank-guidance/
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
No, no bad news at all. I haven't even bothered to get all the links.
Try spending some time searching.
Dude, did you even bother to read my post? I'm not talking about Coindesk, I'm talking about Google News which is a WAY broader source of news. Not even comparable to Coindesk.
Coindesk is the best source of crypto news for people interested in it, and thus, most people read what is there.
April 13, 2014, 12:11:14 PM
Looking at BTC-E, there seems to be a lot of dumping in the past 4-5 hours. Before that happened, the prices were stable. The dumping decreased the exchange rate from $420 to $380.
April 13, 2014, 12:01:13 PM
This is the bust pattern of the boom-bust cycle of every bubble
April 13, 2014, 11:44:31 AM
Miners are cashing in most of their mined BTC (3600~4000 every day) to pay their bills as difficulty increasing mining is getting more and more costly.
4000 BTC at 400$ each amount for about 1.6m$ every day.
You need a really strong buying support to get over that.
4000 BTC at 400$ each amount for about 1.6m$ every day.
You need a really strong buying support to get over that.
i agree.
(miner farm)
April 13, 2014, 11:33:34 AM
heres an idea, don't focus on the latest trends and news but take some time and study historical charts for btc. i doubt we'll ever see below $400 again. appreciate the fact that you have the opportunity to buy damn cheap coins.
Well, what can I say now :p
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