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Topic: Why Bitcoin price are dropping? - page 2. (Read 5448 times)

legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
December 21, 2014, 05:43:02 AM
#88
The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.


The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.   

Why the heck do you copy and paste my old post? Are you a bot?

Because he earns btc by posting...
He's not trying hard to create "constructive post" just steals them Grin
legendary
Activity: 1134
Merit: 1002
December 20, 2014, 10:35:24 AM
#87
The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.


The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.   

Why the heck do you copy and paste my old post? Are you a bot?
member
Activity: 71
Merit: 10
December 20, 2014, 09:42:26 AM
#86
The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   

Of course it's dropping. It took a big hit recently and look at the price compared to this time last year. I think it's lost nearly 2/3 of its value since then.
hero member
Activity: 1022
Merit: 500
December 20, 2014, 09:28:45 AM
#85
The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   

It was 10$ then 100$ in 2013 then briefly 1000$ then 700$ 500$ 340$, the long term rally is continuing.
full member
Activity: 126
Merit: 100
December 20, 2014, 08:37:11 AM
#84
The bitcoin price isn't really dropping, it has been fairly stable in the last 2 months.
It dropped from over $1000, but I consider it as a correction of the previous unhealthy rally.
   
legendary
Activity: 1022
Merit: 1005
December 20, 2014, 08:36:58 AM
#83
I am just going to stick to my theory, lots of people are cashing out for the holiday season. Bitcoin is good, you can use it to buy a few gifts maybe, but you cannot buy everything for bitcoin (as of right now). This will always be the case as more mainstream adoption is driven. earlier it had gone up in november, but that was when people who knew what they were doing, invested in BTC and then eventually normal people (mainstream) felt they missed the bus and began to see what BTC had to offer and the potential to use it as an investment vehicle. They started investing in BTC and these are the people who are like you and me, who need to buy gifts and spend on festivals like Christmas & Thanksgiving. So when these festivals come around, there is a mad rush to convert BTC to fiat. This is the time the traders take advantage and push the prices lower so they can buy at cheap rates. Once the holiday season is over,  you will see the price go back up! Grin
311
full member
Activity: 230
Merit: 100
Come original.
December 20, 2014, 08:30:48 AM
#82
Majority make huge loses so if they sell it they can claim some tax. Expect the price to rise on January.

I'm not sure if this is true. Many times I just don't think there's any logic to the price rise and fall but it seems to have a spiral effect and then people panic buy or sell.
hero member
Activity: 980
Merit: 509
December 20, 2014, 08:22:03 AM
#81
Majority make huge loses so if they sell it they can claim some tax. Expect the price to rise on January.

damn..I holding about BTC 1 after receive my stellar trading....
Hope bitcoin will raise up soon
sr. member
Activity: 481
Merit: 250
December 20, 2014, 05:21:01 AM
#80
Majority make huge loses so if they sell it they can claim some tax. Expect the price to rise on January.
legendary
Activity: 1330
Merit: 1001
December 19, 2014, 06:40:18 PM
#79
because people sell.

Yep I guess because its still not easy for people to use it
Well beyond a certain technology level, and it can't target the rich seniors with a lot of money
People or my friends, don't know why the shoul use bitcoin when they can make exactly the same with the money they have. There isn't even a real marketplace for bitcoin.
hero member
Activity: 700
Merit: 500
December 19, 2014, 06:29:32 PM
#78
because people sell.

Yep I guess because its still not easy for people to use it
Well beyond a certain technology level, and it can't target the rich seniors with a lot of money
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
December 19, 2014, 05:14:50 PM
#77
Looks dangerously ..
But how we can be sure that all of the 5000 infected pc's have BTC wallet? I don't think there is so many BTC users.. 
This story is nice speculation.
Thanks for warning.

I guess you've missed the case. This virus doesn't steal any BTC directly from wallet.

It's using the virus to sell unlocker via BTC.
Check this link; http://www.ibtimes.co.uk/cryptolocker-criminals-earn-30-million-100-days-1429607
This was 1 year ago.

This virus got popular last a few months. And they made big score again...
legendary
Activity: 3234
Merit: 1654
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
December 19, 2014, 12:10:19 PM
#76
BTC because no one selling his btc at that low rate. Every one wanted to sell there btc at high rate that's why they preserving it. And due to low trade of btc its price it getting down
sr. member
Activity: 462
Merit: 253
December 19, 2014, 11:55:54 AM
#75
personally I like when the price drops. Not sure why anyone would think it would just shoot up forever? That wouldnt make any sense. Not sure why people invest in it like a stock either but uh i will just pretend like i never think that

I like when the price drops as well because it makes it easier to buy in. Even though at the moment I wouldn't care anymore about its price as well since I'm trading it in altcoins, so the value of btc/usd is irrelevant. But if (WHEN) it goes up 500USD+, I'll turn it into cash again.

Even when trading altcoins, I find that the btc/usd market is still relevant, since most altcoins stay relatively fixed to Bitcoin's price.
i.e. if Bitcoin jumps to 400$ tomorrow, Doge will probably remain near 60 sat, so it will be a net gain.
legendary
Activity: 3248
Merit: 1070
December 19, 2014, 10:17:17 AM
#74
you just need  abackup for that virus, dunno why people can't make a simpe backup...
legendary
Activity: 2282
Merit: 1035
December 19, 2014, 10:15:36 AM
#73
Looks dangerously ..
But how we can be sure that all of the 5000 infected pc's have BTC wallet? I don't think there is so many BTC users.. 
This story is nice speculation.
Thanks for warning.
legendary
Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
December 18, 2014, 08:05:15 PM
#72
I bet on "Russians".

There's a virus called "Cryptolocker" which is Russian made.

They're selling "unlocker software via bitcoin". I guess there're lots of people who caught this virus...

Did you check your pc?  Wink
If people will buy more BTC price will be rising .. no dropping.. Smiley

Nope, your logic is just so simple. You're thinking one way.

These hackers collect BTC in time so Price isn't affected too much. Day traders got their purchase profit.

Then hackers dumped those BTCs.

Do you need further explanation?

No Smiley of course now i get it Smiley
But seriously - do you think that they are earning so much?
Imagine that; "virus + spam" can reach millions of people.  (let's say 2 million people got it)
Only 0.1% of it believed this spam and run it and got virus. So there's 2000 infected pc's.
If they're connected a local network; virus will spread.
Let's say; total 5000 pc's got virus.
If these people are dumb enogh to got it; They can't clean it.
So at least 50% of them have to buy the unlocker...
2500 people just pays 1 btc to buy it.
That's nearly 1 million USD. It's quite enough to crash the market.

Just a reminder; these russian guys are smart enough so they're working regional. For instance; There're ~35 million ADSL user. And most of them are using TTNet. Those guys used a phishing page to infect pc's.
TTNet published a post about it to warn customers. (In Turkish); http://www.ttnet.com.tr/bireysel/Hakkinda/duyurular/Sayfalar/TTNET-E-Fatura-E-Mail-Bilgilendirmesi.aspx
Turkey's biggest btc market published a post about this virus recently (In Turkish); http://blog.btcturk.com/?p=2051


http://www.ibtimes.co.uk/cryptolocker-criminals-earn-30-million-100-days-1429607
sr. member
Activity: 938
Merit: 452
Check your coin privilege
December 18, 2014, 06:58:32 PM
#71
personally I like when the price drops. Not sure why anyone would think it would just shoot up forever? That wouldnt make any sense. Not sure why people invest in it like a stock either but uh i will just pretend like i never think that

I like when the price drops as well because it makes it easier to buy in. Even though at the moment I wouldn't care anymore about its price as well since I'm trading it in altcoins, so the value of btc/usd is irrelevant. But if (WHEN) it goes up 500USD+, I'll turn it into cash again.
sr. member
Activity: 364
Merit: 256
December 18, 2014, 06:47:21 PM
#70
personally I like when the price drops. Not sure why anyone would think it would just shoot up forever? That wouldnt make any sense. Not sure why people invest in it like a stock either but uh i will just pretend like i never think that

80% people buy bitcoin to make money, 10% buy it for reasons they can't explain even to themselves, the rest 10% are learning, shopping, preaching, etc. which one are you ?
sr. member
Activity: 366
Merit: 250
December 18, 2014, 05:24:19 PM
#69
personally I like when the price drops. Not sure why anyone would think it would just shoot up forever? That wouldnt make any sense. Not sure why people invest in it like a stock either but uh i will just pretend like i never think that
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