Was there a Serious event causing current drop? - page 3.

ChrisJ

full member

Activity: 146

Merit: 100

Quote

It was because of this fake email which was distributed on Saturday night, and then the usual noobs started panic selling. And I publicly accuse the "fontas" moron of doing this. He "predicted" a crash on June 8/9, and spread the scam email to make sure it would happen so he could recoup the losses from his previous failed pumps and dumps. I won't reply to anyone about this, I've said enough on the BTC-e chat box already. It's because of scum like this guy that Bitcoin's price is so unstable and the end result is that more "serious" people who would be welcome to join Bitcoin avoid doing it.

BTW, notice the pathetic invalid IPv4 address on the email, with one of the 4 numbers being 523...

This is interesting and would certainly have all the hall marks of Fontas MO. He tends to leave hidden messages for those smart enough to find them in his communications.

ChrisJ

full member

Activity: 146

Merit: 100

Someone else asked this. I have been following a guy on Twitter called @SirBitsALot and commented on it here: https://bitcointalksearch.org/topic/m.2419960

He thinks it is price manipulation, someone dumping coins shaking weak hands out of their positions and then buying back lower. If true this would mean he must be quite bullish.

CanadianGuy

full member

Activity: 196

Merit: 100

yeah everybody got confused when the media stopped talking about it for 5 days and started a panic. "OMG WE HAVEN'T MADE HEADLINES FOR TOO LONG, SELL SELL SELL. THE HYPE IS GONE".
Umm yeeeeah, i love daytrading

NeonRonin

newbie

Activity: 31

Merit: 0

We're also going into the summer months for North America and Europe; people are going to want liquid cash to spend on holidays and vacations. I would suspect we'll see some volatility for the next month or two, with some great buying opportunities presenting themselves.

reg

sr. member

Activity: 463

Merit: 250

most of the channels for buying have been taken out! however I used localbitcoin.com for the first time today and was pleasantly surprised (included escrow etc). I do not know about selling though. the drop in my "opinion" is due primarily to market forces. on the plus side adoption seems to be growing exponentially-we may be close to a tipping point. reg

Jgguy

full member

Activity: 120

Merit: 100

The hype over bitcoin is dying back down. Honestly it might be better this way as bitcoin needs people to use it to buy things, not hold it like gold.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

My guess would be one of those big million dollar investors from the bubble time is tired of seeing his money sitting in something that is not bringing a large return. So they moved on to something else.

btc237ftw

full member

Activity: 157

Merit: 100

Does anyone know? Because I was looking around the forum and on several news sites and did not see anything that can be a bases for a sudden drop in price.
I am not trying to speculate here, I'm looking for a serious General-discussion about why this current drop accrued.

Topic: Was there a Serious event causing current drop? - page 3. (Read 4481 times)