Why is the BTC price dropping?? - page 2.

bizzel

newbie

Activity: 24

Merit: 0

Quote from: J9901 on June 20, 2014, 03:12:38 AM

With all the news and media BTC is getting lately, there should be NO reason for BTC to drop below $600...

Seriously, go on /r/Bitcoin and daily there are new great news for Bitcoin daily.

I can understand if the price just stabilized at $600 but this downtrend is confusing me....

What downtrend? A 10 dollar drop is not a downtrend, it's just normal fluctuation. There are a bazillion reasons for BTC to drop below $600, just as there are reasons for the price to rise. It's worth what people are willing to pay for it.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

only good news? I dont know, the big news where bad the last days/weeks.

USMS sells Silk Road coins which makes people scared whoevers buys them will just dump them and the price falls.

GHash.io had/has close to/over 50% of the Hashpower of the network, which makes people afraid of double spend attacks, which would drop the price drastically.

Those are the big news lately. I am very surprised that we are not back to 400$

J9901

sr. member

Activity: 490

Merit: 250

With all the news and media BTC is getting lately, there should be NO reason for BTC to drop below $600...

Seriously, go on /r/Bitcoin and daily there are new great news for Bitcoin daily.

I can understand if the price just stabilized at $600 but this downtrend is confusing me....

Topic: Why is the BTC price dropping?? - page 2. (Read 1446 times)