Topic: Why? - page 6. (Read 9536 times)
Because bitcoin economy is relatively small, and prone to manipulation by few big players. Like it or not, bitcoin is an easy target for pump-and-dump.
Agreed, but it's not as volatile as it used to be. LTC, on the other hand...
No bad news??? There re so much talks about asics, cant see another reason.
For GPU miners, indeed this is bad news.
For GPU miners, indeed this is bad news.
I dont see a valid argument, why prices should fall due to ASICs, when the earliest announced shipment is still sometime in December (or am I not up tp date?)
I also dont see any satisfying argument, that justifies the current crash. In that situation any BIG news could push the price the other way in this volatile situation. Stay tuned!
Also, it DOES look alot like a textbook crash, pretty strange. Almost too smooth. Anyway, Im waiting for the dead cat bounce.
Good question. There are no bad news to blame it on. Blaming it on a "natural correction" doesn't really explain everything either, it's crashing in a too textbook way. I hate to say it and I don't necessarily believe it's true, but there could be manipulation. The way the sell offs are triggered and the induced panic selling which is increasing... this could be an orchestrated crash. Easily. It doesn't feel like a real crash but it looks like one.
Also it could be an insider crash, someone knows some really bad news is going to hit Bitcoin soon and wants to do this in advance.
Or bitcoins just are still too highly valued at double digits and it is just a natural correction. It could be anything, really. Hard to say.
Also it could be an insider crash, someone knows some really bad news is going to hit Bitcoin soon and wants to do this in advance.
Or bitcoins just are still too highly valued at double digits and it is just a natural correction. It could be anything, really. Hard to say.
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