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Topic: Reason for the second crash? (Read 1010 times)

sr. member
Activity: 351
Merit: 250
I'm always grumpy in the morning.
December 07, 2013, 09:30:54 AM
#8
What's the reason for the sunrise this morning?

I don't get it. It was going down yesterday. Dammit, I need a *reason*.
legendary
Activity: 1806
Merit: 1521
December 07, 2013, 09:29:39 AM
#7
I don't know if there was necessarily a second crash..but the definite drop in price is due to demand not being able to stay about $1k.  I imagine we'll have many, and I mean many more of the bubbles this year, and going forward.
sr. member
Activity: 448
Merit: 250
“A decentralized registry for unique assets”
December 07, 2013, 09:20:59 AM
#6
Eventually they will realize, Damn if wouldn't have been losing 10mill ever week trying to crash this thing we could have just been the biggest holder of bitcoin out there and just run the world like we are now, with no counterfeiting
hero member
Activity: 501
Merit: 500
December 07, 2013, 03:06:07 AM
#5
Reason for this crash is that the price wasn't sustainable at the $1k+ level. There was not enough demand.
hero member
Activity: 624
Merit: 500
December 07, 2013, 02:47:11 AM
#4
News? What news? The reason it crashed was because it was a bubble bound to burst.
exactly. but i honestly thought it was going to head quite a bit higher than $1200...
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
December 07, 2013, 02:44:21 AM
#3
News? What news? The reason it crashed was because it was a bubble bound to burst.
hero member
Activity: 624
Merit: 500
December 07, 2013, 02:44:18 AM
#2
second crash? not sure what you mean exactly. this has been a steady crash. a nice slide downward.
sr. member
Activity: 253
Merit: 1596
DTCxNMC
December 07, 2013, 02:43:43 AM
#1
My guess is because btc38 was down during the news, and people couldn't sell.
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