why is it still going down???
People waking up to the scam and selling their bags of shit. 
Topic: Why is bitcoin plummeting? (Read 8401 times)
why is it still going down???
because it's market. up and down, down and up
That's all
That's all
This is the longest period of stability we have seen in awhile I think.
famous last words 
This is the longest period of stability we have seen in awhile I think.
Bitcoin went up last fall because, for a few months, it was an easy and legal way around China's exchange controls. Then the People's Bank of China cracked down on Bitcoin operators. Bitcoin then started to slide down.
Yeah and that explains April of 2013 and summer of 2011 too doesn't it? STFU. Anyways, the OP's question is stupid because that's what an asset does when it is publicly traded! It rises and falls depending on supply and demand.
Bitcoin went up last fall because, for a few months, it was an easy and legal way around China's exchange controls. Then the People's Bank of China cracked down on Bitcoin operators. Bitcoin then started to slide down.
I was at a party in San Francisco last Christmas. It was a catered affair. A few VC's were there. The booze bill alone was over $100K.
How about the fact that Google confirmed they are not working on incorporating Bitcoin as a payment method? Of course if it is anything like Google confirming they are not interesting in buying Waze, things could turn around in a few weeks...
Because Google is balls-deep in Ripple..
Do your research bro..
Google Ventures put in a few 100k back in April '13. For Google that's not even the tip.
0.5% spread. Wow!
Why is bitcoin plummeting?
Tons of people moving into DOGE.
In fact, the DOGE bubble popped halfway but just re-inflated itself (probably Goat.)
I mean, just look at this shit:
Obviously if you are still in bitcoin, you are in the wrong market. In BTC you've lost 10%, in DOGE, you've doubled your portfolio.
EDIT: It could have a LITTLE to do with the half a mil in overstock sales and the two fitty + in tigerdirect sales. Whales know to spend their BTC there b/c big figures encourage more big retailers to consider it, thus further driving adoption. And one of the biggest barriers to "going to all the trouble to buy BTC" is "where in the **** do I spend it."
Tons of people moving into DOGE.
In fact, the DOGE bubble popped halfway but just re-inflated itself (probably Goat.)
I mean, just look at this shit:
Obviously if you are still in bitcoin, you are in the wrong market. In BTC you've lost 10%, in DOGE, you've doubled your portfolio.
EDIT: It could have a LITTLE to do with the half a mil in overstock sales and the two fitty + in tigerdirect sales. Whales know to spend their BTC there b/c big figures encourage more big retailers to consider it, thus further driving adoption. And one of the biggest barriers to "going to all the trouble to buy BTC" is "where in the **** do I spend it."
doggy coins is in the "return to normal" phase of the bubble
plummeting?
We go down from 820 to 780 and we are plummeting?
If you look at the 4h chart you barely see a dip.
We go down from 820 to 780 and we are plummeting?
If you look at the 4h chart you barely see a dip.
The 4h chart is not the confirmed way to look at bitcoin price history as it prevents you from fully appreciating the dramatic failures of the market.
Now you are pushed off the ignore list
Why is bitcoin plummeting?
Tons of people moving into DOGE.
In fact, the DOGE bubble popped halfway but just re-inflated itself (probably Goat.)
I mean, just look at this shit:
Obviously if you are still in bitcoin, you are in the wrong market. In BTC you've lost 10%, in DOGE, you've doubled your portfolio.
EDIT: It could have a LITTLE to do with the half a mil in overstock sales and the two fitty + in tigerdirect sales. Whales know to spend their BTC there b/c big figures encourage more big retailers to consider it, thus further driving adoption. And one of the biggest barriers to "going to all the trouble to buy BTC" is "where in the **** do I spend it."
Tons of people moving into DOGE.
In fact, the DOGE bubble popped halfway but just re-inflated itself (probably Goat.)
I mean, just look at this shit:
Obviously if you are still in bitcoin, you are in the wrong market. In BTC you've lost 10%, in DOGE, you've doubled your portfolio.
EDIT: It could have a LITTLE to do with the half a mil in overstock sales and the two fitty + in tigerdirect sales. Whales know to spend their BTC there b/c big figures encourage more big retailers to consider it, thus further driving adoption. And one of the biggest barriers to "going to all the trouble to buy BTC" is "where in the **** do I spend it."
plummeting?
We go down from 820 to 780 and we are plummeting?
If you look at the 4h chart you barely see a dip.
We go down from 820 to 780 and we are plummeting?
If you look at the 4h chart you barely see a dip.
The 4h chart is not the confirmed way to look at bitcoin price history as it prevents you from fully appreciating the dramatic failures of the market.
Lol
plummeting?
We go down from 820 to 780 and we are plummeting?
If you look at the 4h chart you barely see a dip.
We go down from 820 to 780 and we are plummeting?
If you look at the 4h chart you barely see a dip.
The 4h chart is not the confirmed way to look at bitcoin price history as it prevents you from fully appreciating the dramatic failures of the market.
Ok i just started looking at the 1 minute chart...
Oh noes we are already from 780 to 790 so a full scale rally
How about the fact that Google confirmed they are not working on incorporating Bitcoin as a payment method? Of course if it is anything like Google confirming they are not interesting in buying Waze, things could turn around in a few weeks...
matthecat is bear again??
time to buy
time to buy
remember coinbase will make a ton more on processing fees and have stated they just trade to break even basically.. with their spreads and fees compared to what they pay trading on bitstamp they have a stacked deck
they only lose if copy cats spring up and crowd out their margin
they only lose if copy cats spring up and crowd out their margin
I have no clear idea what coinbase is or how they operate.
When I think of reasons that might make spending/wasting a couple of million dollars to hold up the market price of a vapour-asset, I think of stuff like protecting the nominal value of 144K worth of DPR coins..
you only see it as waste as potential gains.. they are making their gains outside of the exchanges
plummeting?
We go down from 820 to 780 and we are plummeting?
If you look at the 4h chart you barely see a dip.
We go down from 820 to 780 and we are plummeting?
If you look at the 4h chart you barely see a dip.
The 4h chart is not the confirmed way to look at bitcoin price history as it prevents you from fully appreciating the dramatic failures of the market.
The Daily is the main chart to watch. WITHOUT A DOUBT!
LOL plummeting...
You haven't been around for long have you.
You haven't been around for long have you.
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