Is the recent price crash related to the Ross Ulbricht-trial?

turvarya

hero member

Activity: 714

Merit: 500

Quote from: Raya on January 16, 2015, 07:03:10 AM

I dont think it relates in any way llike the above user mentioned its probably due to russian announcing they are banning bitcoin again the recent hack and a number of other things.

Russia banning Bitcoin, who cares?
Bitstamp hack, who cares? They are back to business as usual.

Raya

full member

Activity: 124

Merit: 100

I dont think it relates in any way llike the above user mentioned its probably due to russian announcing they are banning bitcoin again the recent hack and a number of other things.

Q7

sr. member

Activity: 448

Merit: 250

I don't think so and how it could be related. Fact is there are far more people or even organizations who would want to see bitcoin fail and they want to make 2015 the worst year (and it's so coincidental that we are at the beginning of the year), so that they can make a nice headline to stroke FUD and turn away potential investors.

turvarya

hero member

Activity: 714

Merit: 500

Just a theory with no actual backing, but I was wondering since I didn't see that conspiracy, yet. So I thought I make my own thread.
I can think of 2 scenarios:
Someone who was involved in Silk Road and made a shitload of Bitcoin, just got afraid, that with more attention to the trial, his stash of Bitcoin might also be found soon, so he cashed out.
An organization that wants to hurt Bitcoin(let your fantasy about who that is, go wild) and was planning on doing so, by slowly buying up Bitcoin to make a big dump(hihi) on the exchanges, thought, a few days before the trial would be a good point to execute it, maybe with some other upcoming events, that will hurt Bitcoin even more.
What do you guys think?

Topic: Is the recent price crash related to the Ross Ulbricht-trial? (Read 423 times)