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Topic: Price Drop 6/2/13!?! - page 3. (Read 1865 times)

newbie
Activity: 56
Merit: 0
June 02, 2013, 07:10:25 AM
#5
Someone selling 20k+ coins at once, we don't know why.
Maybe he couldn't buy the villa with Bitcoins yet.



This is a recurring problem. They thought that they trading in the derìvatives market. Hence the flinch.
member
Activity: 84
Merit: 10
'That Guy'
June 02, 2013, 07:08:00 AM
#4
Quote
Someone selling 20k+ coins at once, we don't know why.
Maybe he couldn't buy the villa with Bitcoins yet.

Wow, that is millions of dollars. Wonder who would be the medium for exchange for such a large transaction!

If this is the reason, I see it being only a temporary drop in price?

I do think that it might cause some slight panic selling however! I would bet on the price dropping even more now...  Undecided


newbie
Activity: 22
Merit: 0
June 02, 2013, 07:06:23 AM
#3
nice!
sr. member
Activity: 364
Merit: 250
June 02, 2013, 07:02:57 AM
#2
Someone selling 20k+ coins at once, we don't know why.
Maybe he couldn't buy the villa with Bitcoins yet.
member
Activity: 84
Merit: 10
'That Guy'
June 02, 2013, 06:59:46 AM
#1
What was the catalyst for the recent drop in price, about $8 in 12 hours?  Huh
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