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Why is the Bitcoin Price Heading Down

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bujank

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Location: indonesia

Why is the Bitcoin Price Heading Down?

Simple: we are starting to use Bitcoin to do things, buy goods and services, as opposed to holding Bitcoin for speculation.

There are punctual events that tend to drive the value of Bitcoin down, and perhaps today’s Alibaba IPO is one. But I think there may be a structural reason the value of Bitcoin must go down at this moment.

If everyone wants to buy and nobody wants to sell, the price skyrockets.

If more people want to sell, the price goes down. This basic principle of economy applies to everything, including Bitcoin.

Everyone are worried about the ongoing decline in the value of Bitcoin, but I am here to tell you that 1) This is good, and 2) The trend will eventually reverse !!

what is your opinion? 

Posted on October 8, 2014 at 9:38 PM
Last Edited: October 8, 2014 at 9:41 PM

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• dertu

  

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  Bitcoin speculation

  Posted on October 8, 2014 at 11:38 PM
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• seafight

  

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  hey can you tell me how to earn ltbc from this forum ?

  Posted on October 8, 2014 at 11:42 PM
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• yousure?

  

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  @seafight hey can you tell me how to earn ltbc from this forum ?

  You should ask it in the new users forum but if you want a summary:

  • set up a counterwallet address
  • post in the forum without spamming

  that's it.

  Posted on October 9, 2014 at 12:55 AM
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• bitgears

  

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  I used to check bitcoin's price every second when I started but now I just hold for the long term. Price is dropping in the short term but the future of bitcoin looks bright.

  Posted on October 9, 2014 at 12:59 AM
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• Cut

  

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  bitcoin down or up its depending on bitcoin transaction,

  if too many people buy btc then btc will be lower price

  Posted on October 9, 2014 at 2:47 AM
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• 123smile

  

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  Today we have seen a huge recover in bitcoin's value, it's the time of the rise?

  Posted on October 9, 2014 at 6:05 AM
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• page

  

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  @cut

  if too many people buy btc then btc will be lower price

  It's the other way around - the more people that want BTC the higher it's value.

  I am a boy. If no girls want to be my girlfriend, that is not very good for me - I have low/no value in regard to being good boyfriend material, only (that says nothing about any of my other great qualities). But, say one girl likes me, then two, then 50, then 100 - my value goes up in regard to other people.

  But, being serious, you see how something goes up in value as demand goes up, all things being equal?

  EDIT: I changed the example to use me rather than you LOL.

  Posted on October 9, 2014 at 6:21 AM
  Last Edited: October 9, 2014 at 6:35 AM
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• ikidesu

  

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  Why is the Bitcoin Price Heading Down

  you know, "Big Whales" ::)

  Posted on October 9, 2014 at 8:18 AM
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• Prodigy

  

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  @ikidesu Why is the Bitcoin Price Heading Down

  you know, "Big Whales" ::)

  Can someone explain where the 'bearwhale' term came from? Was it just how the graph looked?

  Posted on October 9, 2014 at 8:22 AM
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• ikidesu

  

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  @prodigy

  @ikidesu Why is the Bitcoin Price Heading Down

  you know, "Big Whales" ::)

  Can someone explain where the 'bearwhale' term came from? Was it just how the graph looked?

  i don't know what 'bearwhale' means, but in my post i means 'Big Whales'. I hope you understand what i means :)

  but i found this : http://www.reddit.com/r/Bitcoin/comments/2ieqn4/bear_whale_cashing_out/ https://bitcointalk.org/index.php?topic=813206.0

  maybe you right it's about graph, memory of the 30K Bitcoin wall at bitstamp crushed on 06/10/2014!

  Posted on October 9, 2014 at 8:37 AM
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