Why BTC price drop under $800 ? | Bitcointalksearch.org

crocko

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'All that glitters is not gold'

Quote from: Paya on February 11, 2014, 05:48:53 AM

Indeed, BTC seems to be stronger than ever. Not even the so called flaw in protocol which Gox used as an excuse for their own failure managed to crash the market, at least not catastrophically and --apparently-- everything is going back to normal.

+1

lame excuse used by mtgox

InCoinsITrust

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Bitstamp has frozen BTC withdrawals too. But i think they will resolve it faster than gox and will have more customers because of that.
I can't see any reason to use mtgox anymore.

af_newbie

legendary

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mtgox has a lot of coins locked. They can use them to short sell on any exchange they desire, including their own.

Nobody should deposit any bitcoins/$ to mtgox, ever!

hostmaster

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Quote from: GambitBTC on February 09, 2014, 08:07:00 PM

Quote from: InCoinsITrust on February 09, 2014, 05:37:39 PM

price is even lower now, but it is a holiday dumy panic sell, price will be ok soon.

lol what holiday? this is all in relation to the 3 huge news stories to hurt Bitcoin

1. Apple Bans Bitcoin Apps

2. Mt. Gox Holding 40,000 BTC In Que

3. Russia Bans Bitcoin

Even after all that in a 24 hour period Bitcoin survives

I personally think it displays not only the faith of the community, but the maturity that Bitcoin has gained as a form of currency.

As result of it price seen 615 then Bill Gates Speaks and price welcome again 700s. I feel like big players manupulating these news and benefiting.

tprogex

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Many bad new is test for BTC and it really passed test.BTC very strong.Its very useful in many areas .for price many people buy and sell BTC with 800 $ now minners can inflate currency maximum 10% per year after a few years this will be 5% per year this if they mine all coins free but they invest money on this and use electricity so I think soon 90% of btc holders will not sell under 800usd. Now Gox in gox they can show price even 10usd but what this mean that You can't withdraw Your buyed BTC.Its just fake price.

Paya

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Indeed, BTC seems to be stronger than ever. Not even the so called flaw in protocol which Gox used as an excuse for their own failure managed to crash the market, at least not catastrophically and --apparently-- everything is going back to normal.

InCoinsITrust

member

Activity: 112

Merit: 10

value already getting to normal level.

h3rlihy

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Activity: 356

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This was literally just all the lemmings seeing the bad press and panic selling. Long term effect: zero.

JJKirsch

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Same as any other business - you need to have some deep knowledge of how things work before you invest.

sharedminers

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Price is already going back up as we speak, It is time to buy guys

crocko

hero member

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'All that glitters is not gold'

IMHO mtgox is playing with the price of BTC. Perhaps mtgox wish to buy some cheap BTC Tongue

As trading platform mtgox is not anymore very attractive. Others will replace it: BTC-E, Bitstamp ...

InCoinsITrust

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Quote from: frankenmint on February 09, 2014, 09:12:42 PM

Russia like China DID NOT ban BTCitcoin. Times like this I wish a saw a D'oh! emoticon here.

And they will not.
Thsi price drop is of the stupid mtgox annauncment, time for buying cheap.

GambitBTC

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Quote from: frankenmint on February 09, 2014, 09:12:42 PM

Russia like China DID NOT ban BTCitcoin. Times like this I wish a saw a D'oh! emoticon here.

They may as well have, it makes Russia not able to viably spread the word of Bitcoin

frankenmint

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HoneybadgerOfMoney.com Weed4bitcoin.com

Russia like China DID NOT ban BTCitcoin. Times like this I wish a saw a D'oh! emoticon here.

GambitBTC

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Activity: 476

Merit: 250

Quote from: af_newbie on February 09, 2014, 08:47:35 PM

Quote from: GambitBTC on February 09, 2014, 08:07:00 PM

1. Apple Bans Bitcoin Apps

2. Mt. Gox Holding 40,000 BTC In Que

3. Russia Bans Bitcoin

1. Non event. Apple will be out of business in 3 years.
2. Most of it was unloaded on the way down to about 700
3. Can have a negative impact long-term, especially if other countries follow the ban. I would not trust anything king Putin says. Maybe we are looking at a prelude to US-Russia crypto war.

Apple out of business in 3 years, that's just so ridiculously false, join us in the real world.

Have you seen MAC sales?

Have you seen iPod sales?

Oh ya not to mention the iPad being the number one tablet as well the iPhone being the number one phone (By a huge margin)

That kind of public repertoire can not be forgotten in a matter of 3 years.

af_newbie

legendary

Activity: 2702

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Quote from: GambitBTC on February 09, 2014, 08:07:00 PM

1. Apple Bans Bitcoin Apps

2. Mt. Gox Holding 40,000 BTC In Que

3. Russia Bans Bitcoin

1. Non event. Apple will be out of business in 3 years.
2. Most of it was unloaded on the way down to about 700
3. Can have a negative impact long-term, especially if other countries follow the ban. I would not trust anything king Putin says. Maybe we are looking at a prelude to US-Russia crypto war.

GambitBTC

sr. member

Activity: 476

Merit: 250

Quote from: InCoinsITrust on February 09, 2014, 05:37:39 PM

price is even lower now, but it is a holiday dumy panic sell, price will be ok soon.

lol what holiday? this is all in relation to the 3 huge news stories to hurt Bitcoin

1. Apple Bans Bitcoin Apps

2. Mt. Gox Holding 40,000 BTC In Que

3. Russia Bans Bitcoin

Even after all that in a 24 hour period Bitcoin survives

I personally think it displays not only the faith of the community, but the maturity that Bitcoin has gained as a form of currency.

InCoinsITrust

member

Activity: 112

Merit: 10

price is even lower now, but it is a holiday dumy panic sell, price will be ok soon.

Trongersoll

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Activity: 490

Merit: 501

Quote from: texaschainsaw54 on January 31, 2014, 05:26:29 PM

Just asking but wouldn't the fact that Bitcoin is getting ore popular mean that the price would go up due to more demand and less of it?

Why are you assuming that there is less of it? People may be liguidating their savings.

Sonny

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Quote from: Malexo on January 30, 2014, 07:19:38 PM

Quote from: Paya on January 30, 2014, 05:19:03 AM

Actually, price is holding up pretty good considering everything. Not so long ago, things like Chinese pressure on exchanges, Russian statement and especially arresting one of the most prominent names in bitcoin community would produce a lot more unrest.

i dont see how one arrest would cause bitcoin to plummet though....

I don't understand but we did have a few panic sell in the past. Wink

Topic: Why BTC price drop under $800 ? (Read 2595 times)