What is the reason for the current bitcoin value crash?

Cattjones

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Quote from: JimboToronto on September 18, 2014, 07:25:29 PM

Quote from: Cattjones on August 13, 2014, 05:11:01 PM

Ok Crash is the wrong expression but something must be the reason that the value has fallen for 40$ in 24/48 hours?

"Value" is also the wrong word.

The value of the protocol hasn't fallen, merely the price.

This is a debacle. I am considering to sell my bitcoins

JimboToronto

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You're never too old to think young.

Quote from: Cattjones on August 13, 2014, 05:11:01 PM

Ok Crash is the wrong expression but something must be the reason that the value has fallen for 40$ in 24/48 hours?

"Value" is also the wrong word.

The value of the protocol hasn't fallen, merely the price.

JessicaSe

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Quote from: zeroday on September 09, 2014, 02:03:40 PM

This is not crash. Now it's just long slow going downtrend that is coming to its floor before changing to uptrend.

Real crash was in 2013 when BTC dropped from $255 to $50. I know many weak traders who in despair dumped everything they bought for $200+ at ~$50.

Any reason for the crash in 2013?

KJO

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Quote from: DustyRah on September 18, 2014, 02:49:05 PM

One reason why BTC is falling is that money is moving into markets now since the economy is starting to do well.

Winner

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Look ARROUND!

Quote from: Valerian77 on September 18, 2014, 07:13:23 PM

Maybe this news on India is a reason:
Country says anyone found guilty of using Bitcoin could be imprisoned for up to 12 years

that sucks.

BrewCrewFan

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Quote from: Valerian77 on September 18, 2014, 07:13:23 PM

Maybe this news on India is a reason:
Country says anyone found guilty of using Bitcoin could be imprisoned for up to 12 years

They trying their damnedest to keep them in a 3rd world country are they not...

Valerian77

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Maybe this news on India is a reason:
Country says anyone found guilty of using Bitcoin could be imprisoned for up to 12 years

BrewCrewFan

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Quote from: DustyRah on September 18, 2014, 02:49:05 PM

One reason why BTC is falling is that money is moving into markets now since the economy is starting to do well.

Who told you that lie? Wall street? Government? Shit dude, get a breath of fresh air from time to time, you will see in normal people world, its still shit.

DustyRah

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One reason why BTC is falling is that money is moving into markets now since the economy is starting to do well.

DustyRah

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Quote from: Cattjones on September 18, 2014, 02:46:20 PM

Quote from: Sevvero on September 18, 2014, 02:44:58 PM

Quote from: Cattjones on September 18, 2014, 02:43:41 PM

Bitcoin is crashing again Cry

Is there a reason?

Yes, tulips, whales selling and dumb money realising they have been duped.

tulips, wtf? Why whales have been duped?

'Dumb money' may mean YOU if you are still hodling your bag! Once again YOU are 'Tulips'~

Cattjones

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Quote from: Sevvero on September 18, 2014, 02:44:58 PM

Quote from: Cattjones on September 18, 2014, 02:43:41 PM

Bitcoin is crashing again Cry

Is there a reason?

Yes, tulips, whales selling and dumb money realising they have been duped.

tulips, wtf? Why whales have been duped?

Sevvero

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Quote from: Cattjones on September 18, 2014, 02:43:41 PM

Bitcoin is crashing again Cry

Is there a reason?

Yes, tulips, whales selling and dumb money realising they have been duped.

Cattjones

newbie

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Bitcoin is crashing again Cry

Is there a reason?

tspacepilot

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I may write code in exchange for bitcoins.

Quote from: inca on September 09, 2014, 01:37:17 PM

Quote from: Cattjones on September 09, 2014, 01:35:05 PM

Bitcoin is loosing value more and more! Litecoin is already dead! I expect another alt is replacing bitcoin sooner or later?

Ah you are a troll

Or a desperate altcoiner, or someone with a short on bitcoin. Doesn't seem disinterested, that's for sure.

zeroday

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This is not crash. Now it's just long slow going downtrend that is coming to its floor before changing to uptrend.

Real crash was in 2013 when BTC dropped from $255 to $50. I know many weak traders who in despair dumped everything they bought for $200+ at ~$50.

inca

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Quote from: Cattjones on September 09, 2014, 01:35:05 PM

Bitcoin is loosing value more and more! Litecoin is already dead! I expect another alt is replacing bitcoin sooner or later?

Ah you are a troll

Cattjones

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Bitcoin is loosing value more and more! Litecoin is already dead! I expect another alt is replacing bitcoin sooner or later?

Chuckee

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nobody using bitcoin except speculating and gambling! bitcoin lose many impressionable mom and pop investors lots of money... cut your loose before it's too late!

falllling

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goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
etc..

mymenace

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Smile

koolio sold his btc

Magic Of Nigeria

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btc always goes up and down, it will go up soon.

akujin

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July bubble failed... LOL!

Cattjones

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Quote from: Wilhelm on August 18, 2014, 03:17:14 PM

Just a theory....

Maybe this is Wallstreet making an entry.
Dump shitloads of coins they bought in the last months... cause a panic and make everyone sell. Then buy your ass into Bitcoin and let it go to friggin' deep space.

Cheesy

I have read that Ethereum is dumping their ipo coins Shocked

Wilhelm

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Just a theory....

Maybe this is Wallstreet making an entry.
Dump shitloads of coins they bought in the last months... cause a panic and make everyone sell. Then buy your ass into Bitcoin and let it go to friggin' deep space.

Cheesy

Cattjones

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Now we can talk from a crash Cry

What is the reason for the persistent loss rate?

tspacepilot

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I may write code in exchange for bitcoins.

Doubt it has anything to do with any government warning. More likely is the simple suppy-demand relationship and the fact apparantely more folks are selling than buying at the moment.

Hardly a crash, just some normal market action, imho. I think there are still a lot of speculators who got in late in the last bubble and some of them are slowly but surely exiting with losses.

Fray

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I think the most likely answer is due to the new government warning about BTC being the "wild west" as this will likely hamper/slow consumer adoption.

Cattjones

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Quote from: Meuh6879 on August 13, 2014, 05:15:33 PM

the reason is more simple : new farm have been activate on bitcoin network : https://bitcoinwisdom.com/bitcoin/difficulty
they must sell quickly than the others regulars farms ... Wink

OMG that is too difficult for me... What is a farm?

Meuh6879

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the reason is more simple : new farm have been activate on bitcoin network : https://bitcoinwisdom.com/bitcoin/difficulty
they must sell quickly than the others regulars farms ... Wink

Cattjones

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Quote from: shorena on August 13, 2014, 05:08:54 PM

dump >4K btc, price gotta move, esp if you announce it days in advance.

https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/

Ethereum devs has dumped their collected bitcoins?

Cattjones

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Quote from: Meuh6879 on August 13, 2014, 05:07:46 PM

-40 euros ... it's a crash for you ?

well, you don't have knowned the -100 / +100 variations ... of the 3 months before.

Ok Crash is the wrong expression but something must be the reason that the value has fallen for 40$ in 24/48 hours?

shorena

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No I dont escrow anymore.

dump >4K btc, price gotta move, esp if you announce it days in advance.

https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/

Meuh6879

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-40 euros ... it's a crash for you ?

well, you don't have knowned the -100 / +100 variations ... of the 3 months before.

bitsmichel

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Quote from: Cattjones on August 13, 2014, 04:45:48 PM

What is the reason for the current bitcoin value Crash? Is something happened? Sad

Look up the long term chart - the 1 year trend, nothing happened. Just the usual roller coaster, don't worry about it too much for now.
If you think bitcoin has potential it's better to hold.. panic sells is how whales get money Wink

Cattjones

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What is the reason for the current bitcoin value Crash? Is something happened? Sad

Topic: What is the reason for the current bitcoin value crash? (Read 3127 times)