What is causin Bitcoin loosing value this time? - page 3.

waterpile

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Quote from: crocko on September 29, 2014, 08:14:16 AM

Quote from: xmasdobo on September 29, 2014, 08:05:30 AM

The fact that most people can't afford Bitcoin, so demand stagnates and whales start to sell as they get more and more nervous.

+1 and there are many other people who don't know about the Bitcoin or cryptocurrencies, even in the civilized countries

this is true some people even don't know what paypal is even if paypal has been online for years this can be the same case to bitcoin.

Spoetnik

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FUD Philanthropist™

i heard about Alibaba's IPO like last year so why effects now then ?
i seen a news story about it all on TV basically.. a LONG time ago !
I don't buy that reasoning but i am very curious but who knows right ?

could just be some random dumping from a random guy for a random reason we will never know.
unless we get a smoking gun we can pin the severe drop in price on..

JessyMatt

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Quote from: Hunger on September 28, 2014, 04:17:07 PM

Last time when i saw bitcoin 380 it was related to china rumour banning bitcoin or something.
any similar this time?

Miners selling their bitcoins to invest in Alibaba IPO. My point exactly in the article. http://www.bitcoinvalues.net/alibaba-ipo-responsible-bitcoin-crash.html

Borisz

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Quote from: bitcoinbelieve on September 29, 2014, 05:37:21 AM

I think the continue slide is mainly caused by the merchants (Direct tv, tiger direct, etc.). When the customer uses bitcoin to buy things from the merchant, they automatically exchange it for fiat thus creating over supply of bitcoin. At this point, market can't absorb it all and this creates the power to buyer not seller. Buyer will determine the price in which seller force to follow. It is all about supply and demand as sandykho47 said.

I like this explanation, makes sense.

Spoetnik

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FUD Philanthropist™

i think it's *maybe related to BFL getting crushed by the FTC
Those BFL guys prob gave a lot of BTC hidden and are dumping it fast to run for it like Mark did when Gox was hunted.
Gox closed and massive dumping went on..

You think BFL is going to leave their wallets full of bitcoin sitting there for the FTC to seize ?
hell no.. i bet they are dumping like mad LOL

BFL / FTC story at Coindesk guys

and i suggested that because i just don't see a thing at all as to why.. unless there is more going on we don't know about ?
i see no other story at Coindesk that would explain it in my eyes..

seattlenonsmoker

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Quote from: TheButterZone on September 29, 2014, 05:04:15 AM

People creating 600 trillion new topics each time it crashes.

HAHAHAHAHA thanks for that reminder. I was going to create a thread... I'll be well more careful in the future.

Srbotones

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Diversification of servicies around Bitcoin.

Things had change a lot in the last 2 years.
Exchanges are not the only way to "use" bitcoins. Less sellers and less buyers of common people and miners dumping every day to maintain production.

2 years ago exchanges were the only place to use them and exchanges had the majority of the activity of the Bitcoin market, now they dont, they only represents the 10% of the total bitcoins available.

Ayers

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Leading Crypto Sports Betting & Casino Platform

it's a panic selling, and less buyers, nothing else

kokojie

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You'll find the answer in this thread:

https://bitcointalksearch.org/topic/its-about-time-to-turn-off-pow-mining-770591

RodeoX

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The revolution will be monetized!

The price is never high or low. It is always the space between what people will pay and what people will sell for.

Oscilson

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Quote from: crocko on September 29, 2014, 08:14:16 AM

Quote from: xmasdobo on September 29, 2014, 08:05:30 AM

The fact that most people can't afford Bitcoin, so demand stagnates and whales start to sell as they get more and more nervous.

+1 and there are many other people who don't know about the Bitcoin or cryptocurrencies, even in the civilized countries

People can buy 0.1 BTC instesd of 1 BTC.

crocko

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'All that glitters is not gold'

Quote from: xmasdobo on September 29, 2014, 08:05:30 AM

The fact that most people can't afford Bitcoin, so demand stagnates and whales start to sell as they get more and more nervous.

+1 and there are many other people who don't know about the Bitcoin or cryptocurrencies, even in the civilized countries

xmasdobo

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The fact that most people can't afford Bitcoin, so demand stagnates and whales start to sell as they get more and more nervous.

Oscilson

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Quote from: johncarpe64 on September 29, 2014, 04:15:53 AM

I think due to more people cashing out. Now we have more ways to spend BTC

If we spend the BTC and do not get paid apart from mining it, the price will drop.

bitcoinbelieve

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Quote from: sandykho47 on September 29, 2014, 05:09:20 AM

It's simple

Becuase there are more people sell bitcoin than people buy bitcoin

If you want the price raise up, just buy a lot of bitcoin

Quote from: johncarpe64 on September 29, 2014, 04:15:53 AM

I think due to more people cashing out. Now we have more ways to spend BTC

I think this temporany
The price soon will recovered to $400 again Grin

I think the continue slide is mainly caused by the merchants (Direct tv, tiger direct, etc.). When the customer uses bitcoin to buy things from the merchant, they automatically exchange it for fiat thus creating over supply of bitcoin. At this point, market can't absorb it all and this creates the power to buyer not seller. Buyer will determine the price in which seller force to follow. It is all about supply and demand as sandykho47 said.

sandykho47

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Knowledge its everything

It's simple

Becuase there are more people sell bitcoin than people buy bitcoin

If you want the price raise up, just buy a lot of bitcoin

Quote from: johncarpe64 on September 29, 2014, 04:15:53 AM

I think due to more people cashing out. Now we have more ways to spend BTC

I think this temporany
The price soon will recovered to $400 again Grin

TheButterZone

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RIP Mommy

People creating 600 trillion new topics each time it crashes.

ellen_me

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BTC is now $375.53. Might be true that more are cashing out. Also guessing that more are switching to other coins that are quite more profitable than BTC.

johncarpe64

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I think due to more people cashing out. Now we have more ways to spend BTC

asdlolciterquit

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Quote from: Hunger on September 28, 2014, 04:17:07 PM

Last time when i saw bitcoin 380 it was related to china rumour banning bitcoin or something.
any similar this time?

good question! any help?

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