why the bitcoin price is going down ? - page 2.

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legendary

Activity: 1652

Merit: 1015

Quote from: blitzbad on October 04, 2014, 02:20:45 PM

no one wants / needs bitcoin, you have been lied by bulltrolls and permabulls

drop your false hope and cut losses now! or you will lose everything during the final capitulation!

Why create a new account to tell us this urgent news? Why not use your main one?

blitzbad

newbie

Activity: 14

Merit: 0

no one wants / needs bitcoin, you have been lied by bulltrolls and permabulls

drop your false hope and cut losses now! or you will lose everything during the final capitulation!

mmortal03

legendary

Activity: 1762

Merit: 1010

Quote from: RockHound on October 04, 2014, 11:11:12 AM

It's not the news, it's the current protocol:

http://www.youtube.com/watch?v=_-TLA3j-ic4

Upgrade to come???

They aren't going to "upgrade" to POS or DPOS. Invest your money into one of the alts that uses it if you think that's the answer.

mmortal03

legendary

Activity: 1762

Merit: 1010

Quote from: rebuilder on October 04, 2014, 11:03:23 AM

Quote from: kaykawa on October 04, 2014, 08:19:57 AM

Quote from: Q7 on October 04, 2014, 08:10:32 AM

I'll wait for below 100 threshold before considering placing the buy order Grin

Really?

The lowe price for bitcoin will be 300.

lower than that... miners will turn off their miners.

imho

Why would miners shutting down keep the price from falling?

Right, they'd have to also not sell their bitcoins, which they might if they aren't racking up any more electricity bills. Even after that, the market will still mine the same amount of bitcoins. So, it just depends on the psychology of the individuals still mining and what they are willing to sell for. Is there a different market psychology surrounding one large scale miner who turns off his equipment, versus the next guy who gets those coins because he didn't turn his rigs off?

coingamblingreviews

legendary

Activity: 1043

Merit: 1032

★Bitcoin Gambling Reviews★

Ironically I pre-ordered 'the rise and rise of Bitcoin' Still waiting 6 days for that to come through.... Don't think watching that will have the same effect it would've late last year Undecided

Cluster2k

legendary

Activity: 1692

Merit: 1018

Quote from: franky1 on October 04, 2014, 08:14:27 AM

localbitcoins is still above $400 while sheeple are panicing while looking at the crappy btc-e/bitstamp small valuations

wake up sheep theres less actual bank movements on exchanges compared to localbitcoins

stop valuing bitcoins 13 million coins based on movements of just 200 coins!!!!

exchanges are just bot movements on a mysql database..

Calling people "sheep" who may disagree with your opinion is unlikely to get them on side. You at least resisted the temptation to use "sheeple". Oh wait, you didn't Roll Eyes

labsbitforum

member

Activity: 99

Merit: 10

1. Still coming off a bubble.
2. There are 650,000 BTC ($221,000,000 USD @ $340) stolen MTGOX coins being sold off not so slowly
3. The mining community is done. They cant compete with the big guys. Centralization
4. 3600 bitcoins are created each day. @ $340 USD that is $1,224,000 that needs to come in to the market each day just to stay @ $340.

I don't think it will collapse completely. I think it will stabilize around $100-$200. Barely profitable to keep the big boys mining. There has been a lot of adoption. I think it's likely bitcoin will get replaced by something like Ethereum or another new entrant in the next 2-5 years.

martinnew

full member

Activity: 153

Merit: 100

Quote from: llanillo on October 04, 2014, 11:19:23 AM

Everyone is selling right now because they think the price go lower.. (maybe will happen) so they wont lose a lot of money

That could also means a lot are buying now because of its lower price.

kokojie

legendary

Activity: 1806

Merit: 1003

It's the PoW mining expense. If without new inflow of capital, Bitcoin will perpetually go lower, due to the PoW mining expense. As we have seen in the past year.

llanillo

full member

Activity: 238

Merit: 100

Everyone is selling right now because they think the price go lower.. (maybe will happen) so they wont lose a lot of money

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: jaredboice on October 04, 2014, 10:41:37 AM

Quote from: ?? on ??

Also I think Russia is getting out this week: http://www.coindesk.com/russia-proposes-fines-bitcoin/

a press release was posted elsewhere on bitcointalk that linked to a new release in Russian that allegedly said the central bank of Russia rejected the proposals due to it not being consistent with their objectives. Either way, they are merely proposals. And even full out laws banning bitcoin will likely have the same effect as if they attempted to ban bittorrent.

their claim for banning bitcoin is ridiculous also, they ban bitcoin for reasons for which their currency could be bannable also

it sound retarded

RockHound

full member

Activity: 224

Merit: 100

It's not the news, it's the current protocol:

http://www.youtube.com/watch?v=_-TLA3j-ic4

Upgrade to come???

rebuilder

legendary

Activity: 1615

Merit: 1000

Quote from: kaykawa on October 04, 2014, 08:19:57 AM

Quote from: Q7 on October 04, 2014, 08:10:32 AM

I'll wait for below 100 threshold before considering placing the buy order Grin

Really?

The lowe price for bitcoin will be 300.

lower than that... miners will turn off their miners.

imho

Why would miners shutting down keep the price from falling?

kennyclaw

newbie

Activity: 59

Merit: 0

Once there are more possibilities to receive your income in btc and pay utility bills with btc you will see some changes in price

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1115

Quote from: jaredboice on October 04, 2014, 10:41:37 AM

Quote from: ?? on ??

Also I think Russia is getting out this week: http://www.coindesk.com/russia-proposes-fines-bitcoin/

a press release was posted elsewhere on bitcointalk that linked to a new release in Russian that allegedly said the central bank of Russia rejected the proposals due to it not being consistent with their objectives. Either way, they are merely proposals. And even full out laws banning bitcoin will likely have the same effect as if they attempted to ban bittorrent.

I still think these are just epic miner dumps tbh

jaredboice

hero member

Activity: 560

Merit: 500

Quote from: ?? on ??

Also I think Russia is getting out this week: http://www.coindesk.com/russia-proposes-fines-bitcoin/

a press release was posted elsewhere on bitcointalk that linked to a new release in Russian that allegedly said the central bank of Russia rejected the proposals due to it not being consistent with their objectives. Either way, they are merely proposals. And even full out laws banning bitcoin will likely have the same effect as if they attempted to ban bittorrent.

biggus dickus

sr. member

Activity: 310

Merit: 250

Quote from: coingamblingreviews on October 04, 2014, 09:06:59 AM

Quote from: kaykawa on October 04, 2014, 07:18:58 AM

You are holding your coins ?

Continuing to accumulate and use Bitcoins as much as possible

What's the highest you paid recently, and are you still holding them?

kerafym

full member

Activity: 224

Merit: 100

THE GAME OF CHANCE. CHANGED.

Normal for price to go down as high as 70%.

It has happen every year since it creation.

kwukduck

legendary

Activity: 1937

Merit: 1001

Quote from: aclass on October 04, 2014, 09:40:37 AM

Merchants are not the reason for this price fall. Why would anyone pay with BTC anywhere, if the price is shitty. It's like selling BTC for $ now

Yea, 'cause bitcoin loses all it's utility when the price isn't considered to be high...
The least you could do before saying stuff like this, is read up on what bitcoin is, how it works, the philosophy behind it's various uses.

I still use bitcoin almost every day for purchases, i stack up again and i buy stuff with it, i try to accumulate some in the process for the long term to make profit.
It's as useful to me at $50 as it is at $5000.

aclass

sr. member

Activity: 381

Merit: 251

Merchants are not the reason for this price fall. Why would anyone pay with BTC anywhere, if the price is shitty. It's like selling BTC for $ now

Topic: why the bitcoin price is going down ? - page 2. (Read 4182 times)