There's been a lot going on recently, but I think Russia banning Bitcoin contributed a lot to the fall. Mostly the media controls the value pretty heavily.

Nothing,

And fck your tips.....

I think it is probably due to the amount of n00bs asking for tips all the time. People are tired of using Bitcoin because of it.

Why would I tip you for trolling and fear-mongering?

If you are this easily influenced by a minor price fluctuation, then:

1)  I would advise investing in something else, because you are never going to make it to the time when BTC is worth tens of thousands per coin.  You wont survive the roller coaster.

2)  You aren't familiar with past trends of Bitcoin which just repeat over and over, and therefore don't understand why its nothing to worry about.

3)  You aren't aware of whats going on in the Bitcoin world infrastructure startups Wall street funding international conferences, so you are going to stress hardcore over fluctuations.

I have a few friends like this, and I have, at this point, begged them to sell all their BTC and invest in something else.

-B-

I'm posting here! Tips please

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according to http://coinmarketcap.com/ most alt coins are recovering today. So rise of btc is on the way. Once the mtgox problem solves the price will rise.

Right. Bitcoin prices have been rather stable despite prohibition in Russia and China, and the collapse of Mt. Gox.

Bitcoin is very volatile and unstable.  It is still in its infancy, and has a long way to go.  Significant drops and jumps as the market reacts to new news is to be expected.

A drop from $900 to $690 is only a drop of a bit over 23%.

Back in April 2013 the MtGox bitcoin exchange rate dropped from $266 to $50 (a drop of more then 81%!) in a week.

In December 2013 the MtGox bitcoin exchange rate dropped from $1250 to under $460 (a drop of 63.2%!) in two weeks.


That is impossible to predict.  If it wasn't we'd all already be very, very rich.


Another currency?  Explain.


The addresses that the FBI is storing the seized bitcoins at are well known.  If they were selling the bitcoins back into the market, we'd all know about it.


Bitcoin isn't alive, it isn't capable of "trying to do" anything.  It is a volatile and unstable investment.  It will remain so for several years.  It could collapse at any moment, or could surge to several thousand dollars per bitcoin.  Nobody knows for certain what it will do, we'll just have to wait and see.


People are always selling tons of bitcoins.  People are also always buying tons of bitcoins.  The thing that changes is the exchange rate that buyers and sellers are willing to to accept.  If sellers are in a hurry to sell, they are willing to accept a lower exchange rate rather than waiting around for a higher exchange rate.  If buyers are in a hurry, they are willing to accept a higher exchange rate rather than waiting around for a lower exchange rate.  The open market finds a balancing point where the prices that buyers and sellers are willing to accept overlaps.


If you would have read the Newbie "Readme", you'd have known that begging is not acceptable here: