FYI - this is my first post. I have been a long time lurker!
I think there could be a lot of reason for the drop, though recently it seems the price seems to bounce up and down based on news stories.
All over the course of the last few months we have had PRISM, Mt. Gox withdrawal suspension, and Winklevoss twins exchange announcement (no way this will get approved).
Topic: Why bitcoin price dropped ? - page 7. (Read 5318 times)
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.
Today's special is "Toast with a slice of Perspective"
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 think it is because there were more sellers than buyers
Any Idea?
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