Quote from: kobilica on July 13, 2016, 07:37:11 PM

Quote from: JayJuanGee on July 13, 2016, 06:44:39 PM

Quote from: kobilica on July 13, 2016, 01:30:25 PM

Why is price falling down now, anyone know what happened? Bad news again?

It's called normal oscillations in the price... remember yesterday? The price went to $678.. about 24 hours ago?

It doesn't make much sense that you want to call this current situation "down" movement, when prices are kind of in a range... and bitcoin price is a kind of moving dynamic, but it seems that at this time, our range is approximately $540 to $778...

We are currently kind of in the middle of that range, no? Or at least reasonably moving around in that range towards the middle...

Within our current $540 to $778 range we can have normal or extreme upwards and downward corrections.. We have been here for about a month... and if we break into the lower end of the current range, then maybe we could concede.. "prices seem to be going down"

On the other hand, if we start to move into the upper end of our current price range, we may conclude the opposite...

Right now, we just have seemingly normal price movements on fairly low volume and from time to time testing within our current price range (which is still quite big range to be in), but the current price range generally seems to be upwardly projected from the last price range that we were in (which was largely between $360 and $460 for a large number of months)

TLDR: you seem to be getting too anxious in looking at short term charts because BTC prices are more trending upwards rather than downwards at the moment. Roll Eyes

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True, it's just oscillation. And yes, true, we are in middle range now... halving has not even started yet!

Second, also true, getting too worked up about those oscillations. Thanks for clarity, friend.

The last two weeks the price oscillations were between $600 to $700, and next week the price oscillations will probably be between $625 to $675. After the price oscillations are in a $10 range for a week or more Bitcoin might break the $700 barrier. Until then its price will probably get more and more boringly stable.