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Bitcoin Close to $400

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Rob

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Location: California

In case anyone was looking for a discount, the price of Bitcoin is getting pretty low.

Posted on September 18, 2014 at 12:52 PM

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• MikeJohnson

  

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  It certainly seems that way. What is everyone's thoughts regarding this most recent dip in price?

  Posted on September 18, 2014 at 12:58 PM
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• Rob

  

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  Location: California

  Well, I just bought a little more Bitcoin, if actions speak louder than words.

  My guess is either whales with lots of BTC are just cashing out some of their funds, or whale traders are pushing the price down, and then they'll push it back up, and they'll make money in each direction (seems there are plenty of traders who really follow and strengthen these trends). But that's what I always think when I see BTC going down w/o seeing news to give me other ideas. I wonder if any particular exchanges are leading the decline?

  Posted on September 18, 2014 at 1:05 PM
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• adjiadjo

  

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  pick up some too :D

  and put some buy order at $380 , just hope hit that low before it bounce back (fingercrossed :p )

  Posted on September 18, 2014 at 1:20 PM
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• sull

  

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  It's not nec low if you believe that the price should never have rocketed to $1k+ Arguably, btc value should more realistically be in the range of $100-$300 IMO. And if it was down there, and steady for long period, it would be healthy for bitcoin.... as long as the mining industry sees it this way too ;-)

  Posted on September 18, 2014 at 1:24 PM
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• Cryptonaut

  

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  yep its getting pretty down there. Wasnt like 350 the lowest it got to during the whole Mt.Gox fiasco earlier this year (on exchanges outsides of mtgox)?

  Posted on September 18, 2014 at 1:43 PM
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• JayeK

  

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  I think it's low because of the growing adoption by larger entities and corporations. It's great to see companies like Overstock accepting coin, but do they hold them? Or do they dump large swaths of coins on exchanges for fiat and drive the price down. I wouldn't be surprised to see it much lower before it goes well beyond $1000.

  Posted on September 18, 2014 at 1:50 PM
  Last Edited: September 18, 2014 at 1:50 PM
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• sbatz72

  

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  The price of Bitcoin is getting almost too low. I think that the price is a great buy for some. Perhaps, the economy needed something like this. Now, right before the holidays and the end of the year, like last, it might soar to more than $1000 again.

  Posted on September 18, 2014 at 2:00 PM
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• Tintin

  

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  It hasn't been so low since may. time to buy in.

  Posted on September 18, 2014 at 2:06 PM
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• Rob

  

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  @jayek I think it's low because of the growing adoption by larger entities and corporations. It's great to see companies like Overstock accepting coin, but do they hold them? Or do they dump large swaths of coins on exchanges for fiat and drive the price down.

  This makes sense to me that whales use their Bitcoin to buy stuff. I see this as similar to whales selling Bitcoin. I think when non-whale Bitcoin holders use BTC to buy stuff, they also buy more Bitcoin to keep their position.

  Posted on September 18, 2014 at 2:14 PM
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• nmswawan

  

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  i hope price btc not under $400

  Posted on September 18, 2014 at 6:13 PM
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