Post
Topic
Board Speculation
Re: Good News but Price drops ?
by
jjc326
on 30/07/2014, 22:13:08 UTC
Hello everybody,

In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down

What you have to understand is bitcoin is a clusterfuck not really in a bad way though. The price fluctuates up and down but it doesn't neccesarily correlate with good/bad news.

Well, sometimes it does.  Like when the crap in Cyprus was hitting the fan and they were literally taking money from people's bank accounts, I think a lot of them were taking their money out of the bank and buying bitcoin with it.  Or else, other people around the world were doing that because there was a fear that other countries would do that.  They can't take "money" that you turn into Bitcoin!