Topic: Why is the price dropping? - page 3. (Read 7937 times)

Quote from: uki on August 28, 2016, 07:43:22 AM

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

the problem with a lot people here is that they only look at short term charts. there looking, these people think the price is going downwards. if they ever take the effort to open charts longer than just 1 or 2 months, then they will indeed see an impressive rush to where we are now. and looking at that, it makes me happy as it can be seen as quite an achievement.

That is exactly my point. People should do a bit of their own due research before making such statements. Price is going up and down, there is never straight highway just up or just down. The long term is definitely rising.

wikenpp

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Quote from: uki on August 28, 2016, 07:43:22 AM

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

For the people who are waiting since the 2013 rise it will be a long waiting time, although I am certain in time the price will get high, but when you compare the price to 1 month back it's sad to see the hack did bring it so low. Even lower after this weekend.

randy8777

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Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

the problem with a lot people here is that they only look at short term charts. there looking, these people think the price is going downwards. if they ever take the effort to open charts longer than just 1 or 2 months, then they will indeed see an impressive rush to where we are now. and looking at that, it makes me happy as it can be seen as quite an achievement.

uki

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Quote from: salmanahmedone on August 28, 2016, 07:01:31 AM

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

asriloni

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It was a little phase when bitfinex was hacked and bitcoin price fall because of panic selling. Since then bitcoin is back on the track . Also i think people are investing is Alt coins which is causing bitcoin price not to rise very high.

when people are just investing into alt coin there's nothing to do with the current bitcoin price,those people who investing in altcoin is just a little part of bitcoiners and the market won't affected so much,and also almost all of alt consider bitcoin as their base currency

salmanahmedone

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Quote from: Kewatia on August 02, 2016, 10:18:45 AM

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

It was a little phase when bitfinex was hacked and bitcoin price fall because of panic selling. Since then bitcoin is back on the track . Also i think people are investing is Alt coins which is causing bitcoin price not to rise very high.

Labumi

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Quote from: Kellor on August 06, 2016, 05:56:49 AM

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

Do you not see that last month's increase above bitcoin $ 700 and after going bitfinex the price slowly hacked down and finally now stable price $ 600-570. So this is something price drop, they do not support but I see them give a statement on what they know

buddu

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Bitcoin is being traded heavily everyday and it is normal to see few dollars change upwards or downwards as naturally should happen. This is neither increase nor decrease or drop as people get worried. Bitcoin has very stable price at the moment and don't seem there will be some drop in near future though we can predict anything how market will behave in coming days.

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Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

Gasturcas

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Quote from: Kewatia on August 05, 2016, 02:18:03 AM

Quote from: Kewatia on August 02, 2016, 10:18:45 AM

Quote from: Kewatia on August 05, 2016, 02:18:03 AM

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

There is no conclusive evidence for that. But it seems likely that the Bitfinex hacker will be caught.

If the US police or the FBI is involved, it is very possible the hacker will be caught, like they did to the silkroad.

But even in the case of Silkroad, a few law enforcers are doing things illegally, they are the criminals themselves.

Kellor

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Quote from: Kewatia on August 02, 2016, 10:18:45 AM

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

There is no conclusive evidence for that. But it seems likely that the Bitfinex hacker will be caught.

If the US police or the FBI is involved, it is very possible the hacker will be caught, like they did to the silkroad.

Kewatia

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Activity: 299

Merit: 250

Quote from: Kewatia on August 02, 2016, 10:18:45 AM

Quote from: Kewatia on August 02, 2016, 10:18:45 AM

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

There is no conclusive evidence for that. But it seems likely that the Bitfinex hacker will be caught.

Kellor

sr. member

Activity: 278

Merit: 250

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

Kewatia

sr. member

Activity: 299

Merit: 250