Jump to content

Welcome to The Gambling Forum
Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. This message will be removed once you have signed in.
Login to Account Create an Account
Photo

Price of bitcoin keeps dropping

- - - - -

  • Please log in to reply
70 replies to this topic

#1
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

I've been buying some last couple of weeks, anticipating the price to rebound, but it hasn't

 

http://www.coindesk.com/price/

 

on July 28, a BTC was almost 294 USD

 

a BTC is now all the way down to 257



#2
Wade

Wade

    Captain

  • Members
  • 7332 posts

yisman, are you giving kinger kickbacks so he won't let anyone know your poker name?  if so that's a new low pal.


please donate to the help wade get to new mexico foundation.  send bitcoin donations here: 1JzT3E1DRZKb1HVAbCTHRJcYLu4xp8ZZaL


#3
spankie

spankie

    Rockstar

  • Member
  • 27643 posts

It's been pretty steady all year except the drop in mid Jan.  



#4
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

not steady this summer look at the drop



#5
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

been dropping all month and it just fell off a cliff



#6
spankie

spankie

    Rockstar

  • Member
  • 27643 posts

Yis shucks you coulda got some good prices today.  Hang in there. 



#7
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

I tried to get too smart with it

 

hopefully my year turns around

 

thanks spankie



#8
kidkonggolf

kidkonggolf

    Degenerate Sports Gambler

  • Members
  • 849 posts

Rebounding to 232 in early trading. I'll pay 225 if it falls again?

 

 

http://www.coindesk.com/price/

:cheers



#9
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

Date Close Change

 

2015-08-18 $219.00 -14.78%

 

2015-08-17 $256.98 -0.27%

 

2015-08-16 $257.67 -1.17%

 

2015-08-15 $260.73 -1.56%

 

2015-08-14 $264.87 0.58%

 

2015-08-13 $263.34 -0.87%

 

2015-08-12 $265.64 -1.95%

 

2015-08-11 $270.92 2.71%

 

2015-08-04 $284.5

 

2015-07-28 $293.78



#10
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

http://www.coindesk....ex-flash-crash/

 

Bitfinex, which claims to be the most liquid exchange in the world, experienced the 'flash crash' following a large sell order said to be worth 10,000 BTC ($2.3m).

A tweet by the company at 03:22 this morning read: "The selling that occurred during the dump were legitimate sell orders and positions being margin called. Lenders were not affected."

Alongside a regular buy/sell orderbook, Bitfinex offers margin trading, meaning users can borrow funds from the platform's lenders – known as 'peer liquidity providers' – at a rate of interest to trade bitcoin. These users place 'long' or 'short' bets on whether bitcoin's price will rise or fall.

When the price shifts suddenly, as it did yesterday, 'long' users who have borrowed funds may see their account equity drop to zero – at which point Bitfinex will automatically liquidate their positions. This can exacerbate price movement, as these positions add to sell-side pressure on an already crashing market.



#11
Smoke

Smoke

    Rockstar

  • JFC
  • 23888 posts
1 Bitcoin equals
227.60 US Dollar
Grinding $20 at a time for the past 20 years

#12
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

trading at about 230

 

 

do you guys think it will go back up? I'm shocked it dropped this much



#13
raiders72001

raiders72001

    Junior Member

  • Members
  • 460 posts

trading at about 230

 

 

do you guys think it will go back up? I'm shocked it dropped this much

 

A lot can happen from now until January 1st. Bitcoin XT is suppose to be an improvement to bitcoin. In order for this to take place the bitcoin community, exchanges, wallets and miners have to be in agreement.

 

Bitcoin is decentralized but redefining bitcoin takes away from bitcoin being decentralized. This type of news leads to market manipulation. 



#14
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

hey raiders I PMed you



#15
Mr. NBA

Mr. NBA

    Junior Member

  • Members
  • 1184 posts

got below 200 tonight.......210 at the moment. Some crazy swings. I bought some at 205 earlier tonight, but have coins at 268, 258 and 237. Not thrilled.



#16
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

http://www.coindesk....-six-month-low/

 

 

The price of bitcoin fell below $200 today for the first time since 18th January.

The plunge saw an average low of $198.23, according to the CoinDesk Bitcoin Price Index (BPI), with the largest decline taking place on BTC-e, which saw a low of $192.

The price has since recovered from those lows to roughly $203 at press time, though prices in some markets, including BTC-e, remain below $200.

According to data from the CoinDesk BPI, the $198 figure is the lowest average price low in the last six months, excluding instances of single-day volatility on individual bitcoin exchanges.

The move follows a day of bitcoin market turbulence and widespread volatility in stock markets worldwide.

The sell-off notably coincided with further market turmoil in China. Reports indicate that the Shanghai Composite Index is falling once more after a historic 9% plunge earlier this week.



#17
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

price very steady for last 2+ weeks (since 8/28)

 

right around 230, not moving much



#18
Dire Straits

Dire Straits

    Senior Member

  • Members
  • 178 posts

I think there's going to be a big plunge soon.



#19
spankie

spankie

    Rockstar

  • Member
  • 27643 posts

hopefully you hung in there 



#20
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

hung onto some

 

had 13

 

went it hit 300 I was down to like 5



#21
plommer

plommer

    Shirtcocker

  • Members
  • 14781 posts

328.2



#22
shhhcago

shhhcago

    Junior Member

  • Members
  • 128 posts
Going to be 250 within 2 weeks in my opinion.

#23
yisman

yisman

    Pat Tillman fan

  • JFC
  • 18747 posts

plummeting today

 

 

Date Close Change 2015-10-31 $312.43 -4.16% 2015-10-30 $326.00 3.96% 2015-10-29 $313.59 3.19% 2015-10-28 $303.89 3.22% 2015-10-27 $294.40 2.89% 2015-10-26 $286.13 1.08% 2015-10-25 $283.07 0.15% 2015-10-24 $282.66 1.88%

#24
spankie

spankie

    Rockstar

  • Member
  • 27643 posts

323.30



#25
plommer

plommer

    Shirtcocker

  • Members
  • 14781 posts

 

plummeting today

 

 

Date Close Change 2015-10-31 $312.43 -4.16% 2015-10-30 $326.00 3.96% 2015-10-29 $313.59 3.19% 2015-10-28 $303.89 3.22% 2015-10-27 $294.40 2.89% 2015-10-26 $286.13 1.08% 2015-10-25 $283.07 0.15% 2015-10-24 $282.66 1.88%

 

333.7






0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users