Author

Topic: Reason for the decline (Read 596 times)

sr. member
Activity: 432
Merit: 500
January 14, 2015, 12:26:27 PM
#9
How can this be right?

See the BFL website, they're apparently up and running again. The court order 23rd Dec put an end to the 'winddown' and let them resume their business, hence I would expect them NOT to be selling all those coins??
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
January 14, 2015, 12:19:02 PM
#8
or it could be the goxxed 800k bitcoins being dumped.
sr. member
Activity: 500
Merit: 250
January 14, 2015, 12:18:36 PM
#7
it's the klingonians who sold their stashed troll eggs for rabbit silk underwear now cashing out
newbie
Activity: 28
Merit: 0
January 14, 2015, 12:11:12 PM
#6
the price is going down because cryptodouble is selling all the bitcoin he stolen.
member
Activity: 140
Merit: 10
January 14, 2015, 12:02:09 PM
#5
Interesting thought. I hadn't heard this theory yet. Gonna read up on this news and see what I think.

It's a dumb theory.

BTC is in a speculative bubble like SILVER was in 2011. That is the issue. The prophet has spoken. Allah u Akbar.
legendary
Activity: 1736
Merit: 1023
January 14, 2015, 11:59:50 AM
#4
Interesting thought. I hadn't heard this theory yet. Gonna read up on this news and see what I think.
hero member
Activity: 924
Merit: 1001
hero member
Activity: 882
Merit: 500
January 14, 2015, 11:53:09 AM
#2

Would be good if anybody knew the wallets to find out when the coins move(d) into the exchanges.
Great time to pick up a few, on the off chance that this is the main for the decline. If so, value should rebound within a month.
full member
Activity: 157
Merit: 100
January 14, 2015, 11:33:23 AM
#1
Make sure you check out the BFL piece in the "press" section of the forum.

Bascially, BFL is being forced by the court to sell their thousands of coins, which is making the price go down.  Actually makes sense and eventually price should start going up again.  Anyone want to take up the task of seeing how many BTC BFL still has left?
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