Poll: Why has prices gone down today (3/7/14)?

TERA

hero member

Activity: 728

Merit: 500

Quote from: ZiG on March 07, 2014, 03:07:01 PM

And the right answer is:

Typical 50% (for now) retracement of the last leg UP - from $550 to $700 = $150...down $75 to $620-ish...

As simple as it is...NOT everything is NEWS-based in these markets...

That's correct too, but the market tends to look for excuses to conduct the timing of these movements.

Also, if 180,000 coins actually hit the market, it won't be a "news-based" drop, it will be entirely due to the raw technical of an exploding supply - which may override the market's planned movements.

ZiG

sr. member

Activity: 406

Merit: 250

And the right answer is:

Typical 50% (for now) retracement of the last leg UP - from $550 to $700 = $150...down $75 to $620-ish...

As simple as it is...NOT everything is NEWS-based in these markets...

TERA

hero member

Activity: 728

Merit: 500

Quote from: ThatDGuy on March 07, 2014, 02:40:06 PM

Why does this poll have 15 million options?

AND none of the options clearly mentions the 180,000 gox coins moving which is the real reason for today's decline.

frobley

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Activity: 708

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bitcoin is about to be killed, we all saw the sell signal

ThatDGuy

hero member

Activity: 728

Merit: 500

Why does this poll have 15 million options?

Omega0255

full member

Activity: 168

Merit: 100

Wasn't the 180,000 coins just BTC-E moving coins back and forth?

rohnearner

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Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

The voting result after my vote:

Has something to do with the fact OP panicks every time the price fluctuates more than 20 dollars - 7 (36.8%)
I'm pretty sure this is the reason: http://www.reddit.com/r/Bitcoin/comments/1zsw1k/while_the_press_is_focused_on_satoshi_180000/ 8 (42.1%)

I'm sure those 180,000 bitcoins didn't got much required attention .

fonzie

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Moderator

I´m sorry to say Bitcoinsrus, but BITCOIN hates you, I just talked to him.

zedicus

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Quote from: Birdy on March 07, 2014, 01:07:19 PM

I'm pretty sure this is the reason:
http://www.reddit.com/r/Bitcoin/comments/1zsw1k/while_the_press_is_focused_on_satoshi_180000/

This!

--

Nobody cares if satoshi has alot of coins.. Now mark on the other hand.. im not sure i have the words to express what people are feeling right now. I got somekind of exchange-fu senses and pulled out from gox like i did with bitfloor, "off a gut feeling". That said im not personally effected by a loss of funds from gox but i think alot of people got an eagle eye on those coins gox is moving right now!

metstijl

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Merit: 100

Its friday retards.

Patel

legendary

Activity: 1321

Merit: 1007

I think Satoshi making a statement is a bad thing for Bitcoin. Because he is like a loose-end, especially for big stakeholders.

MonadTran

full member

Activity: 181

Merit: 100

We got the proof that Satoshi is alive (that means he can still sell part of his stash), and also the moving Gox coins thing. But yeah, ultimately, no need to be jumpy about fluctuations of less than 25% in either direction.

Birdy

sr. member

Activity: 364

Merit: 250

I'm pretty sure this is the reason:
http://www.reddit.com/r/Bitcoin/comments/1zsw1k/while_the_press_is_focused_on_satoshi_180000/

bitcoinsrus

hero member

Activity: 518

Merit: 500

Poll: Why has prices gone down today (3/7/14)?

Topic: Poll: Why has prices gone down today (3/7/14)? (Read 1394 times)