What is going on with the price? - page 2.

HarryKPeters

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Quote from: hawkins on June 27, 2016, 12:37:17 PM

I think the current price of bitcoin fairly stable, at least bitcoin prices do not fall below $ 600, it makes people not to panic. but if there is an increase or decrease in the price of bitcoin suddenly I think it's a natural thing

The price was corrected which is completely normal. If he price goes up with hundreds of dollars, if just normal for the market to correct it, which caused stability and a new 'low'

erikalui

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I don't get what's happening to the price as it was up after 20th May and now it's again fluctuating between $550-$700. I'm not interested in the price now as I feel it might just be stable at $600 and it would be profitable in the long run. GBP price fell and it brought down the BTC price as well.

hawkins

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I think the current price of bitcoin fairly stable, at least bitcoin prices do not fall below $ 600, it makes people not to panic. but if there is an increase or decrease in the price of bitcoin suddenly I think it's a natural thing

pearnapple

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Quote from: randy8777 on June 27, 2016, 10:21:36 AM

Quote from: Snorek on June 27, 2016, 09:47:00 AM

Let's face it. Brexit is overhyped event and has really little to do with changing any economic equilibrium in Europe. I thought that it will be more impactful as well.
But England won't be out of EU for at least next 4 years. And North Ireland and Scotland both want to stay in EU.

people are always looking for things that might shake up the market. while the brexit does affect the stock market and the value of the gbp, it has zero effect on bitcoin. and maybe they will not even leave europe as things are not settled yet.

i think you are right, brexit nearly had no impact on bitcoin to be honest though its a bad thing in my opinion because it would have been better if the price grew a lot

the price is really stable at the moment and does not show any signs of increasing at least right now, i hope this will change soon and we will see some positive trends that will allow us to earn money

numismatist

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Quote from: nururochac on June 27, 2016, 11:23:51 AM

Quote from: Sugetsu on June 24, 2016, 01:00:44 PM

I thought everyone was going to go balls to the wall after Brexit but it seems the price is stagnant for the past few hours. Call me conspiratorial, but could it be that the price is being kept down artificially? Is there anyway in the bitcoin system to keep track of all transactions and who specifically is doing the selling?

The price is being manipulated with Chinese traders, there's no real demand at all. It was all a pump and dump of this chinese traders to build a fomo around the bitcoin community and make a profit.

Harsh conclusions!

A different take: There is a LTC/GBP market at CoinsBank. There has been BTC/GBP markets on BTCe, gone some ages ago. The brittish aren't so much into trading their currency for BTC.
Brittish manufactored mining equipment beeing a thing of the past, too. Anybody remembers those FPGA assemblies? Cairnsmore 1 ?

But Brexit shakes all those Fiat markets, so ... good advertising, even if not instantly affecting the scene.

yhansky

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Quote from: romero121 on June 27, 2016, 11:05:23 AM

The price is keep on decreasing. Bitcoin doesn't get influenced by the world economy but this time the collapse in world economy due to Uk also impacted the price of bitcoin this time.

Relax,and think positive..bitcoin is at 630 now so theres nothing to worry about.. that price is still high compared last last month which is 450..btc will recover next month.

nururochac

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Quote from: Sugetsu on June 24, 2016, 01:00:44 PM

I thought everyone was going to go balls to the wall after Brexit but it seems the price is stagnant for the past few hours. Call me conspiratorial, but could it be that the price is being kept down artificially? Is there anyway in the bitcoin system to keep track of all transactions and who specifically is doing the selling?

The price is being manipulated with Chinese traders, there's no real demand at all. It was all a pump and dump of this chinese traders to build a fomo around the bitcoin community and make a profit.

romero121

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The price is keep on decreasing. Bitcoin doesn't get influenced by the world economy but this time the collapse in world economy due to Uk also impacted the price of bitcoin this time.

randy8777

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Quote from: Snorek on June 27, 2016, 09:47:00 AM

Let's face it. Brexit is overhyped event and has really little to do with changing any economic equilibrium in Europe. I thought that it will be more impactful as well.
But England won't be out of EU for at least next 4 years. And North Ireland and Scotland both want to stay in EU.

people are always looking for things that might shake up the market. while the brexit does affect the stock market and the value of the gbp, it has zero effect on bitcoin. and maybe they will not even leave europe as things are not settled yet.

~Bitcoin~

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Quote from: DavidoAlto on June 27, 2016, 08:57:17 AM

The price is dropping because there are allot of people who just holding their coins and that is not really great off course.. And
i think that soimething with england has also to do with this enormous price drop for sure.

I don't agree with Both of your statement, i think correct look as follows ;
1. Holding bitcoin for long term will lower the supply so price will go up.
2. You are talking about brexit, which have only made bitcoin more stable and also i little pump in price after brexit decision.

pissedoff

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Quote from: DavidoAlto on June 27, 2016, 08:57:17 AM

The price is dropping because there are allot of people who just holding their coins and that is not really great off course.. And
i think that soimething with england has also to do with this enormous price drop for sure.

People are holding their coins before they expect the bitcoin market price to increase when the bitcoin block halving occurs.

Snorek

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Let's face it. Brexit is overhyped event and has really little to do with changing any economic equilibrium in Europe. I thought that it will be more impactful as well.
But England won't be out of EU for at least next 4 years. And North Ireland and Scotland both want to stay in EU.

Altcoinmoney

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As you can see the price of the bitcoin drops allot and i dont think that has something to do that we are not spending allot of coins.
But i think that england has something to do with this becasue they want out of the europian union.

DavidoAlto

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The price is dropping because there are allot of people who just holding their coins and that is not really great off course.. And
i think that soimething with england has also to do with this enormous price drop for sure.

davinchi

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Quote from: SquallLeonhart on June 24, 2016, 01:07:26 PM

We don't have to worry about the price of bitcoin, as price fell past few days but not again it has started to rise, so price at halving would be definitely high, so try to hold your coins till then.

Yes, now the price is much better, now we do not have to fear for it, as it is going to rise the brexit will keep the price of bitcoin to increase more, Euro is affected with that but it is also a short term drop, Euro will also come to rise again.

upsidedown75

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Quote from: Sugetsu on June 24, 2016, 01:00:44 PM

I thought everyone was going to go balls to the wall after Brexit but it seems the price is stagnant for the past few hours. Call me conspiratorial, but could it be that the price is being kept down artificially? Is there anyway in the bitcoin system to keep track of all transactions and who specifically is doing the selling?

The price is dropped down by those sellers who feel fear from bitcoin and start to sell their coins as soon as possible, so they put the price lower than what is at the buy section of the exchange so that they sell their coins before that one.

hasiramasenju

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Quote from: SquallLeonhart on June 24, 2016, 01:07:26 PM

We don't have to worry about the price of bitcoin, as price fell past few days but not again it has started to rise, so price at halving would be definitely high, so try to hold your coins till then.

my friend has tell to me that don't be worry about these situations and he said i must buying bitcoin when the prices down several days ago because he believe prices will rise up and would reach to $700 again soon and I took his advices with buying more bitcoin and it seems his predictions would be come true because only need $25 to reach $700

Adriandmen

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Quote from: useless4 on June 24, 2016, 06:01:29 PM

Quote from: Adriandmen on June 24, 2016, 01:03:08 PM

Looking at what previously happend with the price, I think it's mostly fear.

However, I don't think someone can keep the price down artificially.

in my opinion it is surely possible if the person has a lot of bitcoins because then it is possible to move the price

i think the price is pretty stable at the moment so we might expect the price increase to happen soon

In theory it's possible, but in order to increase the price with 0.5% a person needs to buy ~250 BTC from the market.

useless4

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Quote from: Adriandmen on June 24, 2016, 01:03:08 PM

Looking at what previously happend with the price, I think it's mostly fear.

However, I don't think someone can keep the price down artificially.

in my opinion it is surely possible if the person has a lot of bitcoins because then it is possible to move the price

i think the price is pretty stable at the moment so we might expect the price increase to happen soon

The Sceptical Chymist

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Things sometimes tend to not react the way you think they're going to. Everyone is trying to think of how the other person is going to react to news, and you just never know. I don't know why Brexit is so important anyway--but I'm completely ignorant of politics and European issues anyway. I don't even know what's going on in my town.

Check out the precious metals markets. They have definitely reacted in a positive manner, and those are safe haven assets. Bitcoin I never saw as something you'd want to fly to for safety.

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