Topic: What has caused the latest drop > 114USD ( Now 107) (Read 5158 times)
Not in my oppinion.
but in all seriousness, is this 2011 all over again?
what do you guys think right now? it could be, right?
...and the cycle repeats. Just a bit early today that's all.
just look at transaction fees accompanying the block reward to see that the number of transactions are not growing in proportion with the number of new coins being generated
more coins than currently necessary equal lower price
also liquidity has gone to shit for the time being, anyone can drop the price of bitcoins by a few bucks
more coins than currently necessary equal lower price
also liquidity has gone to shit for the time being, anyone can drop the price of bitcoins by a few bucks
Maybe the price will drop to the point that GPU miner will make to profit due to the electricity price. For me, it is $68.
Could it be that BTC price adjusts in the long-term to the BTC_production_cost + reasonable_production_profit?
It's the other way round. Bitcoin exchange price is determined by demand (utility as medium of exchange and deflationary store of value). Supply is regulated by the difficulty formula and miner's decisions dependant on price.
Any ideas?
We'll know next week. Monday is a good day for news releases.
Maybe an exchange was shut down, maybe SEPA froze operations with European exchanges and money sent by people are in limbo, maybe the Bitcoin Foundation started to talk to regulators. Only the whales know.
Or maybe it is just a normal market thing.
yup! there's really nothing to get worry about. this downtrend is an opportunity to profit too.
an unlikely scenario but... what if btc go down to single digit levels.
LOL WINKLEVOSS TWINS!!!
LOL WINKLEVOSS TWINS!!!
What if Zuckerberg orchestrates a drop like that just to make the Winklevoss twins look bad?
I lol'd ... how funny would that be
Maybe the price will drop to the point that GPU miner will make to profit due to the electricity price. For me, it is $68.
Could it be that BTC price adjusts in the long-term to the BTC_production_cost + reasonable_production_profit?
Any ideas?
We'll know next week. Monday is a good day for news releases.
Maybe an exchange was shut down, maybe SEPA froze operations with European exchanges and money sent by people are in limbo, maybe the Bitcoin Foundation started to talk to regulators. Only the whales know.
Or maybe it is just a normal market thing.
kncminer & bitfury cashout
That's just annual ASICMINER electricity bill, so they have to sell some BTCs 
You think we will hit $50 today?
Decided to buy my first Bitcoin the other day which cost me $126AUD+fees. This is crap. I'll probably just try to buy another one or two if the price reaches $70 to even out the losses.
Yes I am that naive, I am a computer programmer who has never dabbled in stocks or money markets.
Found this reddit post from someone who appears to know about trading. Lucky beggar got in at 10USD.
Found this reddit post from someone who appears to know about trading. Lucky beggar got in at 10USD.
They were $0.40 when I started.
but in all seriousness, is this 2011 all over again?
These panic selles seem to have no Idea that Bitcoin was already down at ~60$ before lol
hahaha true
hihihi feel better now? hihihihi
These panic selles seem to have no Idea that Bitcoin was already down at ~60$ before lol
hahaha true
These panic selles seem to have no Idea that Bitcoin was already down at ~60$ before lol
yup and it was at 6 before that. stupid panic sellers...
These panic selles seem to have no Idea that Bitcoin was already down at ~60$ before lol
Yes I am that naive, I am a computer programmer who has never dabbled in stocks or money markets.
Found this reddit post from someone who appears to know about trading. Lucky beggar got in at 10USD.
Found this reddit post from someone who appears to know about trading. Lucky beggar got in at 10USD.
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