Bitcoin Forum

Tim Draper

(lol this is the speculation section correct?) ::)

Who is dumping BTC?

big fishes making dump
and when we see deep they will collect all bitcoin agains
little invester will always lose, big fishes are win :(

Someone who has ponzi (Bitcoin) site.

Ok. Close thread.  ;D

People who lost their faith.

People who were made to believe there is no future.

people want gold ... so they sell BTC  ;D human parody ... here.

People who were made to believe there is no future.

It's not one person or persons. Think that there are many reasons and cirumstances. Mining is becomimg harder and more expensive

May I ask who Tim Draper is? Reminds me of Don Draper from Mad Men.

Maybe bistamp lost a lot of BTC and unable cover.
So they make fake buy/sell volume to push down price.
Then they buy at low price to cover the lost BTC.
 :D :D :D

just joking of coz.
Bitstamp is run by good ppl.

A few things come to mind:

1) borrowers on btcjam and the like. The only "purpose" I can see for such sites is naked shorting. If price drops, hurrah, you win, rinse, repeat. If it goes up, just default on your loan, and you still win. This is why you should never lend out your coins; either you will lose because the value of btc goes down, or you will lose most of your deals because your borrowers will default.

2) bitstamp hacker. Havent checked yet, did the coins move?

3) All the ponzi and other scam operators. Most of them dont care about BTC, they just use it as a convenient way to conduct their scamming business. Since they obtained the BTC at virtually no cost, they will cash out regardless of price.

4) the sheep.

http://3.bp.blogspot.com/-PzaX8hS7cNg/UXRIvxQdP1I/AAAAAAAAAG0/6GJJowGdk68/s1600/CartoonVolatility.jpg

Tim Draper

(lol this is the speculation section correct?) ::)

long term holders and or people deciding to cash out and watch for a sec

Patience, Bitcoin 1.0 isn't here yet.

:)
It does get kind of irritating all this talk of Bitcoin 2.0 when anyone that's been watching it a while is eager with anticipation for the great 1.0, the only good thing is its a bit like jurnos writing about "Bit Coin" with an air of professionalism ;)

On-topic, there's a lot of views on who's doing the dumping and they all hint at a blind spot in human nature, looking for a single answer when usually there's a multitude of them. If there was a single cause then here is probably the least likely place to find it, this place is full of agenda driven posters and anyone with the kind of funds move markets that much will also have plenty spare to pay astroturfers to muddy the waters.
Bitstamp's probably the most likely as its the most recent news but after seeing the silkroad "crash" that started before news was even released its obvious headlines are sometimes more an excuse than a reason. Who knows, maybe China banned Bitcoin yet again.

long term holders  ;D ;D ;D had a good laugh ;]] just about time u know...  :D
i dont know myself since the news are quite good, more adoption etc, and all of the sudden such a drop... doesnt seem legit drop  ;)
i bought more, and gonna buy even more if price drops further cause to my understanding there is no reason for it, just some big dumps :P :)

Who is dumping BTC? It sparked a very big panic.

That's what its being touted as, funny in an inside joke kind of way is all :) Imho its not really accurate though, all that stuff will be innovations that use Bitcoin while Bitcoin its self will change little and put focus on being a solid foundation to build upon, security, capacity, that kind of thing. The alts will be where the 2.0 stuff gets integrated into the core functionality of cryptos first and those features will only make their way into Bitcoin when they're tried and proven.
Even the concept of "2.0" has a bit of humour in it as that's more the way things work with propitiatory software, open source tends to have forks and diversions that are in use beforehand with major versions wrapping them up and making things tidy.

May I ask who Tim Draper is? Reminds me of Don Draper from Mad Men.

Someone with more money to throw around than you have.

:)
It does get kind of irritating all this talk of Bitcoin 2.0 when anyone that's been watching it a while is eager with anticipation for the great 1.0, the only good thing is its a bit like jurnos writing about "Bit Coin" with an air of professionalism ;)

On-topic, there's a lot of views on who's doing the dumping and they all hint at a blind spot in human nature, looking for a single answer when usually there's a multitude of them. If there was a single cause then here is probably the least likely place to find it, this place is full of agenda driven posters and anyone with the kind of funds move markets that much will also have plenty spare to pay astroturfers to muddy the waters.
Bitstamp's probably the most likely as its the most recent news but after seeing the silkroad "crash" that started before news was even released its obvious headlines are sometimes more an excuse than a reason. Who knows, maybe China banned Bitcoin yet again.

What's funny is all this talk about sidechains being the second coming of Jesus H Christ when we still haven't even got out of Bitcoin beta, how ridiculous? people will need to learn basic BTC before sidechaining biz.

It's just pure bottom-finding going on at the moment, and especially over the last two weeks. It's not a single entity dumping coins in my opinion. Sure, mining operations have to liquidate BTC constantly, but this has to be factored in at some point.

The problem is that the downtrend has been on for months now...
And the bottom doesn't seem to be in sight!

Greedy BTC buyers are dumping, because they want to buy more coins back with lower price.