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Topic: Why is Bitcoin tanking this afternoon? - page 3. (Read 7214 times)

member
Activity: 98
Merit: 10
August 02, 2011, 04:12:26 PM
#15
Because someone is selling all of their coins obtained from poolhopping Anusgelus pool
full member
Activity: 207
Merit: 100
August 02, 2011, 04:03:29 PM
#14
I think it's because the debt ceiling for the US got raised. But that's just me...
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
August 02, 2011, 03:58:01 PM
#13
The MyBitcoin guy is selling all of everyone's bitcoins.

And the polish exchange person who "lost" the wallet is also selling.
If that were true there would be evidence in the block chain. Finding any?  

I do not know, I did not have a Mybitcoin address that I could check through the block chain.
legendary
Activity: 1386
Merit: 1004
August 02, 2011, 03:54:48 PM
#12
The MyBitcoin guy is selling all of everyone's bitcoins.

And the polish exchange person who "lost" the wallet is also selling.
If that were true there would be evidence in the block chain. Finding any?  
BGL
member
Activity: 60
Merit: 10
August 02, 2011, 03:53:24 PM
#11
Did something happen I haven't heard about yet?

BTC are only $11.55 right now! Almost $2 cheaper than yesterday.



Tom is selling (dumping) Bruce's bitcoins on Mt Gox

if you look hard enough there is win to be found here.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
August 02, 2011, 03:51:50 PM
#10
The MyBitcoin guy is selling all of everyone's bitcoins.

And the polish exchange person who "lost" the wallet is also selling.
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
August 02, 2011, 03:24:48 PM
#9
Go on everybody, sell, sell, SELL!
sr. member
Activity: 312
Merit: 250
August 02, 2011, 03:16:11 PM
#8
It was mostly the bad press for me as well as the long standing trend.  I also expected a quick dip to low 11 then a rise back to low 13, at which point I think it will slowly fall as usual.  I bet 12$ is where it will finally stabilize so the average person can use Bitcoin without too much fear for sub 10$.
hero member
Activity: 561
Merit: 500
August 02, 2011, 03:03:54 PM
#7
Too much bad news all at once. Massive theft with (apparently) no legal recourse.

Valuations have been slowly dropping for weeks. I'd wager a lot of people have a number in mind that signals "time to get out". For me that number was 12USD. Lucky for me I was in a meeting when it dropped to 11.5.  Grin Now it's back over 12 again.
sr. member
Activity: 364
Merit: 251
August 02, 2011, 02:56:03 PM
#6
I think it's the rampant problems with security and trojans and wallet theft and mt gox and mybitcoins and the polish site and the wired article and the twitter stuff and the hack attacks and the SQL injections and the missing bitcoin shows....care to add anything anyone?
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
August 02, 2011, 02:55:58 PM
#5
[insert reason you want people to believe bitcoins are down today here]

Based on the technicals I would not be surprised to see a bottom in the market in the next 7 days before moving higher and higher.
member
Activity: 87
Merit: 10
August 02, 2011, 02:54:15 PM
#4
Simple. When people see no securities for a currency, they are likely to be in fear mode, and devalue the currency, which caused the price to decreases. Right? lol
member
Activity: 75
Merit: 10
August 02, 2011, 02:47:14 PM
#3
[insert reason you want people to believe bitcoins are down today here]
sr. member
Activity: 364
Merit: 251
August 02, 2011, 02:46:40 PM
#2
Did something happen I haven't heard about yet?

BTC are only $11.55 right now! Almost $2 cheaper than yesterday.



Tom is selling (dumping) Bruce's bitcoins on Mt Gox
sr. member
Activity: 392
Merit: 250
August 02, 2011, 02:45:09 PM
#1
Did something happen I haven't heard about yet?

BTC are only $11.55 right now! Almost $2 cheaper than yesterday.

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