Quote from: seriouscoin on September 19, 2014, 01:24:59 PM

Quote from: Cheewawa on September 19, 2014, 01:20:31 PM

Quote from: Morguk on September 19, 2014, 01:15:50 PM

Quote from: Cheewawa on September 19, 2014, 01:10:20 PM

you should probably wait, price might go down even more up until 1st of October

What's happening then?

the end/begging of the US fiscal year. Someone proposed that this bitcoin price drop is due to americans wanting to pay their taxes (which must be payed in US dollars). I don't know if it is the only reason for bitcoin price drop, but definitely it does have some influence on the price being lower

Most new investors buy into bitcoin around this time of last year. Due to capital gain tax, they prefer to wait for a year for lower tax rate, and since the price has been slowly declined, they decided to cash out now to gain bit of profit.

However this price point is where last bubble started, and miners are not willing to sell at loss. So market will reverse.

They will sell at a loss, because there is no choice!

Quote

Bought this morning and if it drops anymore I will be buying again.

You bought in a decline, good job on being dumb.