Topic: Price Drop 6/7/13 - page 2. (Read 4497 times)
From the graph, its looks like a crash after a bubble. Where each new peak is lower than the past. It could be a bumpy ride if this trend continues.
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle.
make it go back up, please.
I can't
You are not much of a hero member
So go look for some superhero
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle.
make it go back up, please.
I can't
You are not much of a hero member
Why not?
Seems like a good idea to cash out now before the exchanges get shutdown, Feds get too involved, and price (possibly) crashes.
In reality I bet almost everyone has bitcoin not because they want to use it for purchasing goods, but as a way to make a quick buck - Don't lie.
Seems like a good idea to cash out now before the exchanges get shutdown, Feds get too involved, and price (possibly) crashes.
In reality I bet almost everyone has bitcoin not because they want to use it for purchasing goods, but as a way to make a quick buck - Don't lie.
Honestly, if that is how you feel, nobody will miss you, and its good you are getting out now.
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle.
make it go back up, please.
I can't
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle.
make it go back up, please.
I can't
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle.
make it go back up, please.
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle.
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
Any reason / news story for the drop this morning from $118 to $113?
People were getting ready for the drop from $113 to $107.5.
BTC Is going back up Thank god... 
And XRP Is going up too
And XRP Is going up tooNo, it's down below $108 now and shows no sign of stopping.
Anyone have any idea what is going on?
The famous question...
"BUT WHY DID IT FALL?"
lol
"BUT WHY DID IT FALL?"
lol
BTC Is going back up Thank god... And XRP Is going up too
And XRP Is going up too Somebody sold their stash, I guess, much like what happened on June 2th. This thread belongs to the speculation subforum btw.
Nobody reasonable who just wants to "sell their stash" dumps it on the market like that, as they could sell it slowly and get more money for it.
Unless, you know, they didn't know this. Just because someone had hundreds or even thousands of BTC it doesn't mean they were aware how markets work.
Somebody sold their stash, I guess, much like what happened on June 2th. This thread belongs to the speculation subforum btw.
Nobody reasonable who just wants to "sell their stash" dumps it on the market like that, as they could sell it slowly and get more money for it.
It someone dumps a big stash like that, its either 1) they want to deliberately crash the market to buy back at a lower price, or 2) needs fiat really soon desperately, but then they are not gonna do it in MtGox anyway as delays in fiat withdrawals are huge, so it leaves us reason 1). Or they are clueless how bid/ask markets work or careless about their money, but anyway anyone who is highly reasonable and money-wise will not sell a large stash like that (unless trying to deliberately crash to buy back) as they can easily get significantly more by spreading their sales evenly over a day or two.
It's probably miners selling their coins for profits and not speculators, most speculators are going to get shaved
This is the type of trading you observe daily in the junior markets.
" Flushing out the weak hands " is a common strategy used by brokers (usually 4 +) running a box.
My intuition tells me that as Bitcoin holdings keep shifting from the tech crowd to the VC firms you'll see Bitcoin being " cleaned up ".
Nothing worse than running into small holders dumping when you're running the beast to a new high - much easier to shake them out early using a little fear - like a $5 - $6 dollar drop - then running the beast with little or no resistance.
Patience....
" Flushing out the weak hands " is a common strategy used by brokers (usually 4 +) running a box.
My intuition tells me that as Bitcoin holdings keep shifting from the tech crowd to the VC firms you'll see Bitcoin being " cleaned up ".
Nothing worse than running into small holders dumping when you're running the beast to a new high - much easier to shake them out early using a little fear - like a $5 - $6 dollar drop - then running the beast with little or no resistance.
Patience....
Somebody sold their stash, I guess, much like what happened on June 2th. This thread belongs to the speculation subforum btw.
Nobody reasonable who just wants to "sell their stash" dumps it on the market like that, as they could sell it slowly and get more money for it.
It someone dumps a big stash like that, its either 1) they want to deliberately crash the market to buy back at a lower price, or 2) needs fiat really soon desperately, but then they are not gonna do it in MtGox anyway as delays in fiat withdrawals are huge, so it leaves us reason 1). Or they are clueless how bid/ask markets work or careless about their money, but anyway anyone who is highly reasonable and money-wise will not sell a large stash like that (unless trying to deliberately crash to buy back) as they can easily get significantly more by spreading their sales evenly over a day or two.
Ah well the 2 times I tried to buy stuff with bitcoin I got scammed. There are too many scammers out there to make bitcoin really "safe" for trade. I bought bitcoin at $22, so I think I'm good.
I bought 2 Bitcoins for £22/$40 back in february and have recently spent them on various stuff worth about £160
But price stability is better in the long run.
If you have Bitcoin burning a hole in your wallet and want to spend some on a nice T-shirt and not get scammed have a look at my website...
http://thevillageidiotme.ipage.com/shop.html
I am a genuine retailer and the official supplier to the unSYSTEM Bitcoin conference in Vienna in November...
https://unsystem.net/info/
Ah well the 2 times I tried to buy stuff with bitcoin I got scammed. There are too many scammers out there to make bitcoin really "safe" for trade. I bought bitcoin at $22, so I think I'm good.
Why not?
Seems like a good idea to cash out now before the exchanges get shutdown, Feds get too involved, and price (possibly) crashes.
In reality I bet almost everyone has bitcoin not because they want to use it for purchasing goods, but as a way to make a quick buck - Don't lie.
Seems like a good idea to cash out now before the exchanges get shutdown, Feds get too involved, and price (possibly) crashes.
In reality I bet almost everyone has bitcoin not because they want to use it for purchasing goods, but as a way to make a quick buck - Don't lie.
I think they call that "flushing out the weak hands"
The massive price rise a few months ago was the time to make a quick buck. It was good while it lasted but unless you're an experienced trader, volatility is not good news and harms Bitcoin's progress towards mass acceptance.
Earning, spending and generally using Bitcoin just as you would cash is the ultimate goal.
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