What is the reason for all of a sudden price dropping???

Brewins

legendary

Activity: 1120

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Quote from: gelar24 on August 28, 2014, 02:07:10 PM

Quote from: hannscryo on August 27, 2014, 12:46:05 PM

Don't be afraid of these short term price jumps/drops, bitcoin will be worth much more every year that pass.

yes actually stay relaxed when prices fell as much selling and that's where we take advantage to buy cheap price. and bitcoin prices will go up every year, like previous years

I won't see price breaking the 1100 again this year. Maybe at the 1000's again, but I doubt. This year is different, the first time we had a Gox event and such.

Too much people with the hope we get 10x higher price every year, i'm afraid what can happens if doesn't happen this year.

gelar24

full member

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Quote from: hannscryo on August 27, 2014, 12:46:05 PM

Don't be afraid of these short term price jumps/drops, bitcoin will be worth much more every year that pass.

yes actually stay relaxed when prices fell as much selling and that's where we take advantage to buy cheap price. and bitcoin prices will go up every year, like previous years

maurya78

hero member

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Merit: 500

Merchants accepting coins and tuning it into fiat
And lower mining profitability resulting in miners having to constantly sell mined coin to. Pay bills

Lamigo

hero member

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The bitcoin price is now stabilized at the $500 region, and we are now back to the boring horizontal price movement lol.

Damnyo

newbie

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It's just market noise, overall the price has gone up only.

hannscryo

newbie

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Don't be afraid of these short term price jumps/drops, bitcoin will be worth much more every year that pass.

thecast

newbie

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Its just market noise, overall price is always up.

RodeoX

legendary

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Merit: 1147

The revolution will be monetized!

The news you may have missed is that bitcoin is a true free market. That means it drops and rises dramatically and suddenly. It regularly looses %60 of it's value, or it may triple in value in a month.

nicepumper

newbie

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Weak ass hands being weak ass hands. Theres NOTHING new under the sun.

futureazy

newbie

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I have read on the forum that the recent drop was caused by the coins sold by Ethereum devs.

Talukdar001

newbie

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I have found that it was up and down, up and down. Not always down.

BigMac

legendary

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Quote from: Equus on August 19, 2014, 09:59:38 PM

Bitcoin will go down until the day after you lose all hope. Then it will go up until you forget that it ever went down. Then it will immediately go down again until just after you lose all hope.

Hey, looks like you are a fan of Warren Buffett's "Be fearful when others are greedy and greedy when others are fearful" strategy.

alwinlinzee

sr. member

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Merit: 250

Quote from: botany on August 18, 2014, 09:46:23 AM

The U.S. Consumer Financial Protection Bureau issued an advisory on bitcoin, which led to some weakness last week. That seems to have been a trigger. After that, it has been downhill all the way.

I believe the U.S. Consumer Financial Protection Bureau's release on Bitcoin had no significant impact on the price drop because prior to that issuance the price was already heading downstream so its just due to people with holding their btc's with the intention of a possible rise in future for higher profits..

Equus

full member

Activity: 136

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Why the long face?

Bitcoin will go down until the day after you lose all hope. Then it will go up until you forget that it ever went down. Then it will immediately go down again until just after you lose all hope.

The best advice is to buy is much as you are comfortable losing and convince yourself that it is already lost. Wink

Mobius7

hero member

Activity: 532

Merit: 500

Quote from: botany on August 19, 2014, 01:02:34 PM

Quote from: Nikolai on August 19, 2014, 02:30:02 AM

Look at the price history, it's nothing new, it's always been volatile and subject to the whims of the whales. This will change as more capital comes in but swings are to be expected.

Soon, capitulation, blood in the streets, then the next bubble. Should be fun.

It has been 9 months since the last bubble... Too long.

It is the calm before a ~~storm~~ bubble lol. Cheesy

And now bitcoin price has increased back up to $490.

jjc326

hero member

Activity: 700

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The market cap of Bitcoin is so small tha tone person can literally decide to dump (or buy) and control the price, temporarily. So it's no surprise it can go up or down fast. If there's no reason you can either assume it's just someone wanting to manipulate the price or sell their coin for fiat, or there's always the chance they know something you don't...

botany

legendary

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Quote from: Nikolai on August 19, 2014, 02:30:02 AM

Look at the price history, it's nothing new, it's always been volatile and subject to the whims of the whales. This will change as more capital comes in but swings are to be expected.

Soon, capitulation, blood in the streets, then the next bubble. Should be fun.

It has been 9 months since the last bubble... Too long.

dkblueman

member

Activity: 62

Merit: 10

It happens, it has happened before and it will happen again. Luckily it works the other way too

Nikolai

newbie

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Look at the price history, it's nothing new, it's always been volatile and subject to the whims of the whales. This will change as more capital comes in but swings are to be expected.

Soon, capitulation, blood in the streets, then the next bubble. Should be fun.

Lieji

hero member

Activity: 543

Merit: 500

Market price is determined by demand and supply, and the price drop happens simply because we have a lot of sell orders now.
We can't be sure where the sell orders come from. They could be from some big whales manipulating the market, or panic-sellers, or someone with insider information or blah blah blah.

Topic: What is the reason for all of a sudden price dropping??? (Read 1646 times)