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Bitcoin is falling down

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• Bernhard

  

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  @traxycoin I hope bitcoin will soon rise

  in fact i dont wont it rize too soon, why.... i do mining, you maybe too so what happens when prize rize, more preople start mining what means difficulty will go up and my mining profit drops. so its better prize stay for some time down, i got a better mining profit and i sell later when prize goes back

  Posted on August 14, 2014 at 8:05 AM
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• noobdan

  

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  Bitcoin will rise again, just a small dump, no worries, time to buy!

  Posted on August 14, 2014 at 8:16 AM
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• traxycoin

  

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  @bernhard

  @traxycoin I hope bitcoin will soon rise

  in fact i dont wont it rize too soon, why.... i do mining, you maybe too so what happens when prize rize, more preople start mining what means difficulty will go up and my mining profit drops. so its better prize stay for some time down, i got a better mining profit and i sell later when prize goes back

  uhmmm, that's right. then what to do now? I just did a little mining. Results of mining will be trading.

  Posted on August 14, 2014 at 8:16 AM
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• Rollin.io

  

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  Maybe an early adopter sold his coins, Silkroad coins on the market, bitstamp has changed their bank etc.. Bitcoin price reached under a certain support level, people started panic selling, that's how it goes. Let's see where it goes in the next few months.

  Posted on August 14, 2014 at 8:18 AM
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• jwzguy

  

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  I know it's a little discouraging to see the price doing anything but going up, but you need some perspective. We are up 500% over the price from 1 year ago. Zoom out on your chart, we're doing fine.

  Posted on August 14, 2014 at 9:10 AM
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• asdlolciterquit

  

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  yep, but we are half price from the end of 2013 :(

  Posted on August 14, 2014 at 9:26 AM
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• dpc

  

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  Location: Central California

  Bitcoin is circulating a lot more now and being exchanged for fiat. Some of the bitcoin raises for projects are being exchanged for fiat to pay for developers and other expenses. This has downward pressure on the prices, but ultimately is good for bitcoin. The more it gets distributed the better.

  Anyone expecting stable prices should sit out for a while. @wildjo said it pretty well.

  It is also possible that the Pentaverate is manipulating prices again.

  Posted on August 14, 2014 at 10:11 AM
  Last Edited: August 14, 2014 at 10:20 AM
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• Cryptonaut

  

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  @asdlolciterquit yep, but we are half price from the end of 2013 :(

  yup, at this rate we might actually have our first year where there has been an overall net loss in price

  Posted on August 14, 2014 at 10:13 AM
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• deadlyunknown

  

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  @traxycoin I hope bitcoin will soon rise It will, son. Bitcoins are much harder to mine than before. :(

  Posted on August 14, 2014 at 10:24 AM
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• Bernhard

  

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  @deadlyunknown

  @traxycoin I hope bitcoin will soon rise It will, son. Bitcoins are much harder to mine than before. :(

  did you not see WHEN the most jump in difficulty was? it was right after btc came back to 650 and everybody started mining. the total hash was too high then difficulty gone a lot up more then usually

  Posted on August 14, 2014 at 11:01 AM
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