The price drop - page 7. | Bitcointalksearch.org

iqlimasyadiqa

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Quote from: neopharma on June 22, 2016, 02:16:26 AM

Hello, guys!
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?

Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.

many thing that can be Patoka in bitcoin decline. I think some of them are influential factors are the number of users who perform the bitcoin owned holding. they still believe that halving will be profitable. This makes the exchange market to be very quiet on the transaction.

Dr.Osh

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Well, the problem will always come bitcoin bitcoin if prices rise very high. but that is not unusual, in fact it is already happening when bitcoin prices are still very high in the previous year. but I guess it will always show the same thing. Sure bitcoin prices will go up again, at a higher price than the price when he reduced

The Sceptical Chymist

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Is it really that important that we know why? I don't think it is, nor do I think there's a good explanation anyway. The price rises and falls, and lately there have been more speculators in the market. Just accept that bitcoin is going to be volatile. Everyone wants reasons but they do little good anyway.

alyssa85

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None of the exchanges are particularly liquid, which means one big seller can crash through a lot of orders. Add in that bots sell based on price movement, you had a lot of automatic selling going on at the same time.

Chrismeister

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I dont think the price of the bitcoin will drop and other people are telling you that the halving will cause a price drop but they dont know what they are saying because the halving only affect the mining people and dont affect direclty the price of the bitcoin so dont be afraid of a big price drop.

mindrust

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700$-750$ point was something that people waited for a loooong time. I am pretty sure there were people who waited this pump since 2013 just to dump their overpriced coins. They did it and they will never come back and join the game again. That's why it didn't hold there.

It may go 700$+ or maybe 800+ but every new high, will be followed by huge dump sessions. That's how it is.

bitcoinisfurture

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As expected before halving all the rise that went though in last weeks had to be profited and this is what happened. Only thing that was not know when. So now some have hugely sold btc and few others who still hold good number may sell in coming time or will wait once halving times go off then it may be on cards.

neopharma

newbie

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Quote from: Edwardard on June 22, 2016, 02:43:09 AM

5: before the halving, bitcoin is just going back to get ready for taking a huge ride.

By this you mean another pump?

janggernaut

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Quote from: davis196 on June 22, 2016, 03:11:46 AM

Quote from: neopharma on June 22, 2016, 02:16:26 AM

Hello, guys!
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?

Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.

I sold my 1M bitcoins to get my profit. Grin

....Just kidding.

Maybe a lot of people stopped buying bitcoins because they are holding enough btc and waiting for price

increase.The demand went down and the price dropped down too.

If people just holding their btc, it doesnt give any effect with price. Btc price decreased a lot because some of people think if that was best time for sold their btc (approx $760), and then they make a big dump, thats why btc price decreased like now.

davis196

hero member

Activity: 3150

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Quote from: neopharma on June 22, 2016, 02:16:26 AM

Hello, guys!
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?

Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.

I sold my 1M bitcoins to get my profit. Grin

....Just kidding.

Maybe a lot of people stopped buying bitcoins because they are holding enough btc and waiting for price

increase.The demand went down and the price dropped down too.

Edwardard

hero member

Activity: 1050

Merit: 681

Add two more points
4: big whales are dumping their coins to get huge profit. this is resulting in massive price decrease.
5: before the halving, bitcoin is just going back to get ready for taking a huge ride.

neopharma

newbie

Activity: 27

Merit: 0

Hello, guys!
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?

Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.

Topic: The price drop - page 7. (Read 5547 times)