Because supply outstrips demand.
simple economics!
Topic: Why Bitcoin price are dropping? - page 3. (Read 5448 times)
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...
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?
If people will buy more BTC price will be rising .. no dropping..
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
of course now i get it But seriously - do you think that they are earning so much?
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...
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?
If people will buy more BTC price will be rising .. no dropping..
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?
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...
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?
If people will buy more BTC price will be rising .. no dropping..
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...
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...
that is because people are selling and buying every minute. also miners mine new bitcoin and mostly sell it on the market. so the selling will reduce the price
miners sell... and no demand currently because of other for example christmas expensesin 2015 price will go up
Well, November and December of last year were great months for Bitcoin and the price went up to a new order of magnitude, so I think it's wrong to blame the current low price simply because of "christmas expenses".
Of course, it is not the fault of Christmas. Certainly there are many reasons. I think it may also have the effect of oil price. Traders may now prefer to buy oil, because they hope that next year the price will jump .. Why not?
There could be several reasons why the price dropped since yesterday, could be because of the festive season approaching and people are selling their bitcoins to do their festive shopping. When few notice the price drop a lot, this creates a whiplash effect causing more people to panic sell. The price of Bitcoin has reached below the support. There will be a point at which the price becomes quite low and people will tend to mass buy and the price might stabilize and again get better.
So far the price has risen from today mornings price of $304 to $315
So far the price has risen from today mornings price of $304 to $315
that is because people are selling and buying every minute. also miners mine new bitcoin and mostly sell it on the market. so the selling will reduce the price
miners sell... and no demand currently because of other for example christmas expensesin 2015 price will go up
Well, November and December of last year were great months for Bitcoin and the price went up to a new order of magnitude, so I think it's wrong to blame the current low price simply because of "christmas expenses".
all depends on the needs and supply from people !
Besides the obvious selling and shorting by traders and bearwhales, it's a bunch of other factors as well.
-The huge miner farms converting BTC immediately to fiat to cover electrical and cooling costs
-The payment processors BitPay and Coinbase changing BTC to fiat as soon as a purchase is made from Dell, MS, Expedia, etc
-Hoarders/Hodlers(like myself), not transacting or buying more Bitcoin, or not spending it either.
Hopefully 2015 will be an upward climb instead of the downward slope we've seen for this year.
Just have to keep plugging away and each do our part, things can change very rapidly.
-The huge miner farms converting BTC immediately to fiat to cover electrical and cooling costs
-The payment processors BitPay and Coinbase changing BTC to fiat as soon as a purchase is made from Dell, MS, Expedia, etc
-Hoarders/Hodlers(like myself), not transacting or buying more Bitcoin, or not spending it either.
Hopefully 2015 will be an upward climb instead of the downward slope we've seen for this year.
Just have to keep plugging away and each do our part, things can change very rapidly.
that is because people are selling and buying every minute. also miners mine new bitcoin and mostly sell it on the market. so the selling will reduce the price
miners sell... and no demand currently because of other for example christmas expensesin 2015 price will go up
There are a lot of factors but it is probably (guess) going to get better next year.
This is what I think. Next year I expect that price will start to slowly grow.
There are a lot of factors but it is probably (guess) going to get better next year.
just because now people need money for christmas and selling their reserves for gifts for example
This in combination with a lot of other factors maybe.
because people sell.
but that mean that someone is buyng
more correctly because sellers are above buyers
not enough buyers
but anyway i don't see a big problem here we are talking about few dollars decline
Because there aren't any important news in the market now except Microsoft? Consider that if no one invest, price will not raise.
Why anyone won't? BTC is getting ready for a 2.0, and you still think it's a dump? I ain't declaring that it's gonna skyrocket or something, but the way it's currently behaving is way better than being so liquid that no one may decide what's a stable situation and price for the same...
just because now people need money for christmas and selling their reserves for gifts for example
Because there aren't any important news in the market now except Microsoft? Consider that if no one invest, price will not raise.
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