Quote from: Dyna on September 19, 2014, 03:21:42 PM

Quote from: marcuslong on September 19, 2014, 02:20:25 PM

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Quote from: Chase on September 19, 2014, 01:53:10 PM

More news on Bitcoin's price woes...

Posted on Crypto Moms:

Re: BREAKING NEWS

"Downward Pressures Persist as Bitcoins Price Declines to Near $400"

http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/

It's below the 400$ now - 398$. My guess it's a lowest price of the year. I wonder what is the cause for this downtrend since nothing is actually happening on the Bitcoin front, I mean nothing bad and nothing good. Exchange rate should be stagnant...

Yes, there is no news. Seems like it is flow driven. Perhaps forced liquidation by a large party and others join in since they think something is up.

Popular theory is investors pulling thier money out for the Alibaba IPO. http://www.cryptocoinsnews.com/alibabas-us-ipo-may-have-crashed-the-bitcoin-price/

The price of Bitcoin has certainly been under pressure. In my opinion at $400 it is a buy for long-term appreciation. It is likely to stay at a trading range of $400 to $500. Over the near term, Bitcoin is most likely maxed out at mid $500s with low probabilities of going above $600. I still consider Bitcoin as a very good long-term investment and a great store of value if acquired at close to $400.

The true potential of Bitcoin has certainly been confronted by many different challenges. Some of them are structural issues, the most difficult to overcome, if they are not anticipated at the formative stage. The philosophy of being decentralized with no central authority is appealing but also loaded with constraints and unintended consequences. It compounds the growing pains. Perhaps getting there at a slower pace may be a prudent choice; allowing adjustments to be made promptly and at a lower cost.

This is a great point, as adjustments will certainly be made in the future while the remaining 99.9% of people in the world are adopting crypto. I've researched too many coins to count over the past year, and the only one taking this approach is DNotes.