Author

Topic: What the heck triggered that dump? (Read 1054 times)

full member
Activity: 140
Merit: 100
BitFi Services
November 27, 2012, 01:15:19 AM
#7
Nothing to see here. It is just a big miner making their monthly cash out to pay the electric bill.

Also, the price jumped up rather sharply the past week, a downward correction is almost inevitable.

Agree with both parts, but speculation could still be the reason, but surely the downward correction will happen for sure
hero member
Activity: 518
Merit: 500
November 27, 2012, 12:09:30 AM
#6
Nothing to see here. It is just a big miner making their monthly cash out to pay the electric bill.

Also, the price jumped up rather sharply the past week, a downward correction is almost inevitable.
legendary
Activity: 1834
Merit: 1019
November 26, 2012, 11:39:20 PM
#5
Someone saw silver take a quick dive and wanted to move out of bitcoin and into metal?:

https://bitcointalksearch.org/topic/btc-dump-and-silver-smackdown-at-the-same-moment-127897

I can't think of a way to move money from Gox to a brokerage fast enough to do that.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
full member
Activity: 238
Merit: 100
November 26, 2012, 10:22:33 PM
#3
Someone wanted to buy a nice car for Christmas?

speculation

More than likely
BCB
vip
Activity: 1078
Merit: 1002
BCJ
November 26, 2012, 10:22:21 PM
#2
speculation
legendary
Activity: 1064
Merit: 1001
November 26, 2012, 10:03:36 PM
#1
9,000BTC selloff, 50 cent drop in a matter of minutes
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