Well, another possibility is the gox could have been hoarding BTC and selling off their profits only when they needed to.
If they are preparing for an ugly lawsuit, they could be selling of BTC... a lot of BTC.
Topic: the real reason btc is dropping - page 2. (Read 2950 times)
Can't really bother, more cheap BTC for me 
I'm sure both MtGox and Coinlabs will settle this.
I hope Coinlabs has a lot of BTC and now see their value drop
I'm sure both MtGox and Coinlabs will settle this.
I hope Coinlabs has a lot of BTC and now see their value drop
hero member
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It's all fun and games until somebody loses an eye
not sure any1 heard of this.
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
Why would that drop the price of bitcoins?
BTC @100, ah it must be Wednesday already...
I'd say the sell off related to that news is already priced into the market (I watched it happen today)
Pretty sure it's on the rebound now.
Pretty sure it's on the rebound now.
On the comments area:
"I know, right? Never trust a currency that isn't backed by nuclear weapons."
hahaha
"I know, right? Never trust a currency that isn't backed by nuclear weapons."
hahaha
People have heard and, yes, I think you are right. This is what's causing the sell off. Good time to buy up cheap coins. A suit against MT Gox doesn't mean anything. You can still get bitcoins from other sources and the coins aren't going to disappear.
Smart investors buy low, sell high. IMHO, if you are in the fiat-to-btc game, this is probably the time to buy.
Smart investors buy low, sell high. IMHO, if you are in the fiat-to-btc game, this is probably the time to buy.
not sure any1 heard of this.
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
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