Topic: Why bitcoin price dropped ? - page 2. (Read 5349 times)
BTC price was very high last month. It's not dropped. Right now BTC price is stable.
Dropped?
A year ago the high for the day was $6.88 per bitcoin. Today the low so far was $72.5. Sounds like an increase of $65.62 (853.78%) to me.
Perhaps you just meant since the beginning of this year (2013)? Lets see...
Jan.1 the high for the day was $13.56. Nope that's an increase of $58.94 (334.66%).
Maybe you meant the past 24 hours?
24 hours ago the exchange rate was $71.5. At the moment the rate is $78. That's in increase of 9% over 24 hours.
Perhaps you are just choosing an arbitrary time in the past when it just happened to be higher and comparing it to a lower value?
In that case, I'd say it dropped because you chose a time in the past when the exchange rate was higher.
A year ago the high for the day was $6.88 per bitcoin. Today the low so far was $72.5. Sounds like an increase of $65.62 (853.78%) to me.
Perhaps you just meant since the beginning of this year (2013)? Lets see...
Jan.1 the high for the day was $13.56. Nope that's an increase of $58.94 (334.66%).
Maybe you meant the past 24 hours?
24 hours ago the exchange rate was $71.5. At the moment the rate is $78. That's in increase of 9% over 24 hours.
Perhaps you are just choosing an arbitrary time in the past when it just happened to be higher and comparing it to a lower value?
In that case, I'd say it dropped because you chose a time in the past when the exchange rate was higher.
I do agree with you. BTC price is good now. Only peoples bought it at high rate are looser now.
It is very difficult to say, why price dropped.
$260 per Bitcoin was too high so, it's dropped.
I'm new in this community. So, don't know when it was dropped. I think current price is good to buy.
All profitable mining devices did it.
It's quite stable recently actually (see below). Not sure why it dropped back in April, I'm a n00b after all.
http://thegenesisblock.com/bitcoin-volatility-and-volume-approach-2013-lows-despite-compromised-security-of-tor-browser/
http://bitcoinmagazine.com/is-100-the-new-5-how-the-post-bubble-decline-may-already-be-over/
http://thegenesisblock.com/bitcoin-volatility-and-volume-approach-2013-lows-despite-compromised-security-of-tor-browser/
http://bitcoinmagazine.com/is-100-the-new-5-how-the-post-bubble-decline-may-already-be-over/
BTC dropped for huge miners and many new mining devices.
It will hit $200 again. But we have to wait few months.
It's dropped for new buyers. We want to buy some coins with cheap rate.
There are many peoples selling bitcoin so they price goes down.
Bitcoin price dropped for hit high again.
ASICs miners did it.
Personally i think the volatility is a boon. I do get pissed when I miss out on an opportunity but at the same time that's the name of the game. It's the up and down that makes trading in BTC so viable. If it were as stable as other currencies or trading assets then there would be far less trading and transactions with BTC. People don't trade stable assets, they trade when the value goes up or down so the volatility, I think, is what makes BTC such a great commodity.
Because we lost our confident on BTC.
Because bitcoins are based on random speculation so they will increase and decrease as their perceived value increases and decreases.
Every miners selling their coins instantly.
Absolutely. It`s economics.
Every miners selling their coins instantly.
To many sellers.
BTC price dropped for ASICS miners.
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