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Topic: What happened ? (Read 1900 times)

full member
Activity: 126
Merit: 100
October 23, 2015, 04:44:04 AM
#32
I don't know what's exactly happened before.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
May 26, 2015, 03:19:54 PM
#31
That chart is great.  I don't want to quote it for obvious reasons Tongue

Does anyone know of a site that keeps a chart like that updated with the most recent bitcoin news?  I would be very interested in seeing that.  Sometimes news seems to have a large effect, sometimes no effect at all.

I don't know if this could help you with what you needed, but it is a great site to visit. You will see different graphs and speculations in regards with the price. http://tradingview.com/
sr. member
Activity: 308
Merit: 250
May 26, 2015, 02:58:36 PM
#30
That chart is great.  I don't want to quote it for obvious reasons Tongue

Does anyone know of a site that keeps a chart like that updated with the most recent bitcoin news?  I would be very interested in seeing that.  Sometimes news seems to have a large effect, sometimes no effect at all.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
May 26, 2015, 02:49:54 PM
#29
I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

Simple explanation: whales want more money. It is also amazing how we achieve the $1000 level within a short period of time, thanks to the Willy bot and China buying pressure.

--

Demand is low right now, and the market is full of bots and manipulators making some profits on swings in price. It is basically the traders and manipulators that are playing in the markets, not much from other people interested in buying bitcoins.
sr. member
Activity: 369
Merit: 250
May 26, 2015, 01:25:06 PM
#28

I don't think I remember that good the price before I went off the forums but I'am pretty sure it wasen't that low .
So what exactly happened ? what did I missed and what caused the drop on the price ? I was absent for the last couple of months by the way. I don't have that much of bitcoin to be honest with you but ... well it's just curiousity i guess

What drop in price?
Q7
sr. member
Activity: 448
Merit: 250
May 26, 2015, 09:50:26 AM
#27
Supply and Demand. Obviously the demand side wasn't so strong to absorb whatever coins that get dumped to the open market. Whether those are new coins from mining farms or either it could be from investors who have lost confidence in the system, it is clear that there is not enough buyers to grab all the coins and thus causing the sellers to undercut each others price so that they can sell faster.
legendary
Activity: 3248
Merit: 1070
May 26, 2015, 03:58:40 AM
#26
the next big price rise would be the halving of blocks to 12.5btc ...in 2017.

block halving will happen in 2016. the "big" rise will most likely start in january or february 2016. i think target is $400-$450 after halving.


Why it will start on January or February while the Halving block reward will happen on the last end of the year or the beggining of 2017 as far as I know Shocked Beside I was expecting a lot more to be honest , 450$ is a little bit low if you ask me .

it's not the beginning of 2017, but around the summer of 2016, so basically we are a year away from it, not that long of a wait anymore, something should happen soon about the price

450 it seems a too random prediction, one thing is certain, if the price will decrease with the halving, then you can consider bitcoin definitely dead....

hero member
Activity: 686
Merit: 500
May 26, 2015, 03:02:58 AM
#25
the next big price rise would be the halving of blocks to 12.5btc ...in 2017.

block halving will happen in 2016. the "big" rise will most likely start in january or february 2016. i think target is $400-$450 after halving.


Why it will start on January or February while the Halving block reward will happen on the last end of the year or the beggining of 2017 as far as I know Shocked Beside I was expecting a lot more to be honest , 450$ is a little bit low if you ask me .
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
May 26, 2015, 01:56:41 AM
#24
Well there are god and bad news but maybe it just needs time. Right now there is more supply than demand I guess that happened..
Anyways, do not lose your faith and have a part of your money, even a small one, with Bitcoin. Maybe it will be helpful in the future.


This chart is interesting, but there's no sense of time (aside from one looking up the timing of all these events). Maybe the poster put this up as a joke or satire, but it would be good to see relevant news events overlayed on the historical bitcoin price...if it were current, that is.
legendary
Activity: 896
Merit: 1000
May 25, 2015, 11:28:46 PM
#23
the next big price rise would be the halving of blocks to 12.5btc ...in 2017.

block halving will happen in 2016. the "big" rise will most likely start in january or february 2016. i think target is $400-$450 after halving.
sr. member
Activity: 266
Merit: 250
May 25, 2015, 11:12:48 PM
#22
the next big price rise would be the halving of blocks to 12.5btc ...in 2017.
hero member
Activity: 756
Merit: 500
May 25, 2015, 08:32:10 PM
#21
Well the current fair price of Bitcoin is currently $237 .  Nowhere close to $600.
legendary
Activity: 1400
Merit: 1001
May 25, 2015, 08:03:23 PM
#20
Well, so you think if it wasn't for the price manipulation Bitcoin would be currently at $600.

It might be $6 for all we know.
That is the problem here. We will never know. With this volatility bitcoin is not good candidate for global currency at all. And the worst part is - it can't be helped. Are we doomed?
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
May 25, 2015, 06:04:55 PM
#19
Well, so you think if it wasn't for the price manipulation Bitcoin would be currently at $600.

It might be $6 for all we know.
hero member
Activity: 756
Merit: 500
May 25, 2015, 06:03:00 PM
#18
Well, so you think if it wasn't for the price manipulation Bitcoin would be currently at $600.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
May 25, 2015, 04:14:11 PM
#17
I haven't noticed any change in the past month. Trying to think about it, did I check the price of BTC in the last 30 days? I think I haven't. I don't worry much about BTC going up or down a little, I'm in for the long run.
hero member
Activity: 826
Merit: 1000
May 25, 2015, 03:49:09 PM
#16

I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

is that even possible though?

I`m unfamiliar how bots can change the price, is it since they buy only at frequent times? or false orders?

It is possible as far as I know and that's what happened with MtGox when the price raised till 1000$~ or something like that . I wasen't on world that time but that's what I heard , the BOT was named willy AFAIK .

I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

It wasen't that low when I left Shocked It was like 600$~ on the last summer if I remember right that time I heard of Bitcoin but never had any

Oh okay, I read something different on with mt.gox.

Something like about phantom deposits, but i`m sure it was a mixture of both. isnt there some tool that exchanges can use to verify orders are from people, not bots? how do you stop this bot crazy orders then.
sr. member
Activity: 350
Merit: 250
'Slow and steady wins the race'
May 25, 2015, 03:14:46 PM
#15
I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

Your right it obviously is not just bots but to be honest them and the whales do play a major part in keeping the price low and the manipulation of rising the price when they have accumulated enough at the lower levels which they are happy with.

I think people losing interest has a part to play also as well as big mining farms dumping every coin they have on the market without as much new money coming into the game. Once we have more new money that can buy up all mined coins plus more then we see a nice rise again.
hero member
Activity: 686
Merit: 500
May 25, 2015, 03:07:35 PM
#14

I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

is that even possible though?

I`m unfamiliar how bots can change the price, is it since they buy only at frequent times? or false orders?

It is possible as far as I know and that's what happened with MtGox when the price raised till 1000$~ or something like that . I wasen't on world that time but that's what I heard , the BOT was named willy AFAIK .

I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

It wasen't that low when I left Shocked It was like 600$~ on the last summer if I remember right that time I heard of Bitcoin but never had any
hero member
Activity: 826
Merit: 1000
May 25, 2015, 02:44:26 PM
#13
I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

is that even possible though?

I`m unfamiliar how bots can change the price, is it since they buy only at frequent times? or false orders?
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