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Topic: why the sudden drop in price? came outa nowhere? (Read 1417 times)

legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
why the sudden drop in price? came outa nowhere?

I think Overstock and other retailers could be divesting some of their BTC inventory.

It's important to note that many investors are still bullish on cryptocurrencies, just not Bitcoin at the moment.

http://coinmarketcap.com/mineable.html
hero member
Activity: 1092
Merit: 500
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Prepare for the death cross.
legendary
Activity: 2114
Merit: 1090
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global moderator
Activity: 3850
Merit: 2643
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sr. member
Activity: 420
Merit: 250
china always china
hero member
Activity: 868
Merit: 1000
You're still seeing the inflation from the China bubble working its way out of the market.

The trend is still down.  And it's not going to take off again for awhile.

Expect more downside.

(Having said that I'm buying like crazy all the way through the dip in both litecoin & bitcoin)

You are just speculating, it's not a fact. People said the same when Bitcoin reached $60 from $266. I'm calling it a bottom, the downtrend is slowly getting exhausted and oversold.
global moderator
Activity: 3850
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why the sudden drop in price? came outa nowhere?

Do you expect a warning or something?
legendary
Activity: 1540
Merit: 1029
Relatively stable at the moment.
full member
Activity: 126
Merit: 101
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It went down to 439 a little while ago but shows 444-447 between bitcointicker and bitcoinwisdom at 1pm CST

Seems to be stuck in the $400-$500 range for awhile though. Makes me think everyone's holding except small exchanges until the 15th...like market paralysis...
hero member
Activity: 1372
Merit: 783
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What sudden price drop?  BTC been around $450 +- $5-10 or so last few days.
full member
Activity: 182
Merit: 100
Bitcoin price is stable for last few days at $4** range.
sr. member
Activity: 518
Merit: 250
Quote
why the sudden drop in price? came outa nowhere?

price drop is not that big.
sr. member
Activity: 470
Merit: 250
Just the normal daily volatility...
hero member
Activity: 588
Merit: 500
Will Bitcoin Rise Again to $60,000?
Gox selling stolen coins probably.
hero member
Activity: 632
Merit: 500
You're still seeing the inflation from the China bubble working its way out of the market.

The trend is still down.  And it's not going to take off again for awhile.

Expect more downside.

(Having said that I'm buying like crazy all the way through the dip in both litecoin & bitcoin)
hero member
Activity: 603
Merit: 500
There are some drop prices like this one every working days. These big orders come probably from mining companies or merchands which are selling with market orders. That explains Bitcoin price volatility, but it's a good apportunity to buy  at a lower price.  Smiley
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I see about a $10 drop at bitstamp. Looks like a big sell went through an hour or so ago. Is that what your seeing? I guess it's supply and demand. If you were to want to take $50K of profits denominated in dollars, you would likely move the market unless you were in a dark pool.
sr. member
Activity: 364
Merit: 250
Where have you been?   Price has dropped like two weeks ago, prices actually been stable this past week.
legendary
Activity: 1568
Merit: 1002
why the sudden drop in price? came outa nowhere?
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