Bitcoin Price Update

[anaconda]

BTC behaving remarkably stable over the last 24 hr, pretty much holding the 379/380 line.

I'm seeing $589.71 over at Coinbase. I think I saw about $620 last night. Where are you seeing $380?

https://coinbase.com/charts

 

[anaconda]

$445.23

https://coinbase.com/charts

This continued slide seems hard to explain.

 

[newbitech]

$445.23

https://coinbase.com/charts

This continued slide seems hard to explain.

gravity?

 

[anaconda]

gravity?

Probably some sun spot influence as well.

 

[muh_roads]

$445.23

https://coinbase.com/charts

This continued slide seems hard to explain.

It's because of China. The rumor is that the Bank of China is banning exchange withdrawals to bank accounts by April 15th. So it won't just be deposits. But the exchanges aren't aware of this yet people still believe it and are bailing. Nobody can get a 100% confirmation.

People are selling based on a rumor that won't die.

 

[KCIndy]

$445.23

https://coinbase.com/charts

This continued slide seems hard to explain.

Dammit, I missed it. It's back up to 465 as I write this.

 

[muh_roads]

I think Honeybadger finally said fuck you to China and see ya...

$491 Bitstamp

Can we haz moon now?

 

[Shane Harris]

I think Honeybadger finally said fuck you to China and see ya...

$491 Bitstamp

Can we haz moon now?

no shut up some of us poor people need more time to actually acquire btc at low prices!

 

[anaconda]

Why has BTC been tanking over the last couple of weeks or so? Would love to hear the thoughts of those here who keep up on the topic. If I'm not mistaken, it dropped about from about $570 to about $490 in the 3 day period from approximately Aug. 13-16.

 

[nayjevin]

because bubbles pop, essentially. this was a speculative bubble not based on fundamentals. my take

 

[muh_roads]

Why has BTC been tanking over the last couple of weeks or so? Would love to hear the thoughts of those here who keep up on the topic. If I'm not mistaken, it dropped about from about $570 to about $490 in the 3 day period from approximately Aug. 13-16.

BitLicense FUD was the big motivator.

 

[muh_roads]

because bubbles pop, essentially. this was a speculative bubble not based on fundamentals. my take

Did you cash out?

 

[nayjevin]

Did you cash out?

No I think it's at about the 'right' price right now. Happy if lower, happy if higher.