Price don't matter.... Question is did you buy / sell at the correct points?
The last month has done me well. Crypto is the future and next couple years will see many changes and mass adoption of smaller countries.
You should be holding as much BTC or favourite Alt as you can afford and don't be put off by minor dips. They are there to shake out the weak holders so we can have your coins cheap!
If holders don't sell so low the price will go up. If holders want to drive the price down they will sell cheap and buy out the panic sellers.
As said before, never sell them cheaper than you bought them.. If we all follow this the price will go up fast and that is what all the holders want ;-)
Topic: Why bitcoin price dropped ? - page 4. (Read 5349 times)
A friend and I came to the conclusion that there were multiple issues:
- Mtgox
- Asic Block Eruptor (Marking the death of GPU Mining)
- GPU Miners moved out of bitcoins and towards altcoins
- A massive increase in Mh across multiple networks (Mainly due to the increase of general hardware)
- Small ASIC scares throughout key media (Things includes forums, reddit, blogs ect..)
- ASIC Miners flooding the market with a bigger supply (goes along with the increase in Mh across multiple networks
All these theories are enough to cause a bubble to deflate a bit, but as you can see right now, all of these issues were pointless because the coins are back at around $90-$100.
- Mtgox
- Asic Block Eruptor (Marking the death of GPU Mining)
- GPU Miners moved out of bitcoins and towards altcoins
- A massive increase in Mh across multiple networks (Mainly due to the increase of general hardware)
- Small ASIC scares throughout key media (Things includes forums, reddit, blogs ect..)
- ASIC Miners flooding the market with a bigger supply (goes along with the increase in Mh across multiple networks
All these theories are enough to cause a bubble to deflate a bit, but as you can see right now, all of these issues were pointless because the coins are back at around $90-$100.
I posted what I think is a decent response to this question on Quora recently:
http://www.quora.com/Bitcoin/Is-bitcoin-crashing-as-of-early-July-2013
The long and short of it, is that you can find all sorts of reasons for it, some of them are pretty believable, but in the end, even more so than in most places, it's all just conjecture, and humans tricking themselves into thinking this is knowable.
Ultimately, the price dropped because people started paying less for it.
http://www.quora.com/Bitcoin/Is-bitcoin-crashing-as-of-early-July-2013
The long and short of it, is that you can find all sorts of reasons for it, some of them are pretty believable, but in the end, even more so than in most places, it's all just conjecture, and humans tricking themselves into thinking this is knowable.
Ultimately, the price dropped because people started paying less for it.
Because BTC isn't a real currency yet. And thus the confidence goes down and up, as people are unsure if it's gonna change the world or we gonna forget about it a year from now.
What in your opinion is required for somthing to be called "a real currency"? 
Because BTC isn't a real currency yet. And thus the confidence goes down and up, as people are unsure if it's gonna change the world or we gonna forget about it a year from now.
As bitcoin is something people invest in, recently it went back up because the DJI is at an all time high and everything follows that in at least some sense because it is used as a measurement of how well the world economy is doing. The other thing bringing it down, is that it was due for a 50% correction from the top since it bubbled and the trend after that has been for it to go down because there hasn't been enough volume for it to break past the resistance. I think it is trying to even itself out and find a stable price before investors get back in. Bitcoin has bubbled twice already and I think people might not wait too long to get back in before the next bubble.
The price went down 'cause people tried to sell too much too soon/too fast or for too cheap.
ASICs miners did it.
I don't think only ASIC's miners did it.
I don't think it's dropped. It's ok for me. just kidding. Now buying
Are you crazy?
You should sell now and waiting for a correction
I don't think it's dropped. It's ok for me. just kidding. Now buying
Nope dont know sorry
ASICs miners did it.
I think because mtgox stopped withdrawal USD for 14 days, now its open and bitcoin going up.
The USD block killed the confidence temporarily.
I think because mtgox stopped withdrawal USD for 14 days, now its open and bitcoin going up.
lots of people panic sold.
i agree
It dropped because the price was inflated to begin with. 4-5 months ago the price was in the $40s. It rose on asic/fpga over-speculation and now that they are actually hitting the network the price is coming back down to more appropriate levels.
I think it simply because it jumped too high.
ASICs miners selling their coins everyday to make quick cash.
Any Idea?
Post your opinion.
Post your opinion.
Stupid Panic Sellers!
I think it's all the people with ASICs that want to sell their coins, because they are in debt.
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