Topic: Why did bitcoin go down? - page 3. (Read 9054 times)
aren't 1 and 3 the same?
Oh definitie DoS attack for sure!!! That is sooooo obvious!!!
DoS and negative spin causing panic selling of weak hands!!!
Certainly nothing to do with speculative bubble profit taking, panic selling, and certainly nothing to do with market manipulation.
The fundamentals of Bitcoin are too strong. The world is changing. Bitcoin is going tomake me very very rich free the world from the shackles of central banks and the governments they control. Why would the existing financial establishment want to lose money making Bitcoin crash, when they could make money investing in it. Bitcoin is the solution that those central bankers trying their best to fix the economy have been looking for. If you disagree with me, then you are an idiot!
Nothing to see here people, business as usual, kindly move along to the Mt Gox exchange and keep buying in at any price!
DoS and negative spin causing panic selling of weak hands!!!
Certainly nothing to do with speculative bubble profit taking, panic selling, and certainly nothing to do with market manipulation.
The fundamentals of Bitcoin are too strong. The world is changing. Bitcoin is going to
Nothing to see here people, business as usual, kindly move along to the Mt Gox exchange and keep buying in at any price!
I think this may have been panic selling triggered by all the trolling from supposed 'expert' traders claiming that Bitcoin is a bubble, it doesn't look like a correction to me, if a correction does happen though, I don't necessarily think this will be a bad thing at all.
No it is 150$.
So let me get this straight: 1 BTC is selling for 3$ to 10$ for 18 months, relativ stable. Then there came the middle of Jan 2013. Then within 2 months the price suddenly triples to 30-40$. And then, within 2 weeks the price triples again to 100$. And then, within two days the prices triples almost again, then within hours the price drops back to 100$, then within Minutes back to 200$.
This is a big rally and I'm on board with my 0,5BTC :-)
I think this may have been panic selling triggered by all the trolling from supposed 'expert' traders claiming that Bitcoin is a bubble, it doesn't look like a correction to me, if a correction does happen though, I don't necessarily think this will be a bad thing at all.
Some early adopter dumped a lot of coins, and now it's backup over 200 
There likely was a DOS, a massive one. That triggered panic selling that caused the bubble to burst. The more bitcoin went up, the more people were worried about it and it only took a DOS to start panic selling.
I think people are going to be more wary of bitcoin until there are more exchanges out there that deal with more volume. I saw in the news a startup was just funded to launch one. Hopefully they can get it up and running quickly.
I don't think this is the end of bitcoin, I think we will bounce back, but we might not see $250 again for a bit.
I think people are going to be more wary of bitcoin until there are more exchanges out there that deal with more volume. I saw in the news a startup was just funded to launch one. Hopefully they can get it up and running quickly.
I don't think this is the end of bitcoin, I think we will bounce back, but we might not see $250 again for a bit.
I voted other because I think it's a mix:
1) There did seem to be some DDOSing, but it was also just a lot of traffic due to panic.
2) Bubble-burst: not quite, but it is a... (see below)
3) Massive sell-off/correction indicating how delicate the market is becoming.
By the way... we lost about half of our capitalization at one point, we're not out of the woods yet. This could be a double top in the making. Be careful!
1) There did seem to be some DDOSing, but it was also just a lot of traffic due to panic.
2) Bubble-burst: not quite, but it is a... (see below)
3) Massive sell-off/correction indicating how delicate the market is becoming.
By the way... we lost about half of our capitalization at one point, we're not out of the woods yet. This could be a double top in the making. Be careful!
Very simple poll
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