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Topic: What is with the sudden decline in BTC value? - page 2. (Read 2326 times)

newbie
Activity: 27
Merit: 0
They where sky rocketing lately.
It looks like the market is normalizing.

No it doesn't, Still fluctuating ~$8 in the past 48 hours (admittedly not as bad as the $20 swings it used to do)
newbie
Activity: 56
Merit: 0
Speculation. Most of Bitcoin value is speculation at the moment. Hopefully it'll normalize and be used as intended, instead of a get rich quick mindset that it seems to be in currently.
hero member
Activity: 619
Merit: 500
They where sky rocketing lately.
It looks like the market is normalizing.
newbie
Activity: 11
Merit: 0
Not long ago, they were being sold for $35 a piece. Lately, I have seen them as low as $10 on MtGox.

Is anyone knowledgeable on the subject? What caused the huge downfall in value as of recently?
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