Topic: Bitcoin Prices Crashing Now! - page 5. (Read 13343 times)
Price is dropping like crazy! If it doesn't go back up then most mining will end up worthless. ASIC are expensive and will take even longer to recoup their costs. GPUs will be costing way too much in electricity for their return now
It really seemed even though it was tending down all day, it outright crashed between 5:30pm and 7pm EST with a huge spike in volume. I was wondering if Mt. Gox gave some news indicating more problems with USD withdrawals or something else occured. Why would the GPU miners be selling out today in particular?
Maybe GPU miners are exiting the market today. Cashing out to fiat and moving on. Pure conjecture.
The price has gone from $91 to $76 in thelast 24 hours, with a large acceleration of this drop in the past couple hours. Looks like a massive dump with panic selling in illiquid market. Volumes way up too in last couple hours. Any news I am missing?!
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