Was there a Serious event causing current drop?

[zby]

Does anyone know? Because I was looking around the forum and on several news sites and did not see anything that can be a bases for a sudden drop in price.
I am not trying to speculate here, I'm looking for a serious General-discussion about why this current drop accrued.

Buyers are out of cash.

[vokain]

What the hell? How did the (gox) price just jump from 96 to 110???

the market is always right

[Crypt_Current]

Was there a Serious event causing current drop?

Yes! There was. A weekend.

One of those weekends I actually wish I (was able to have) bought instead of mining   

[b!z]

Mt Gox lag + panic selling.

[marlo_brando]

There has been a huge "asic rush" in the last days because several miners have become "available". Many meople might have moved their coins into buying some of those miners or a share in a "mining company".
If you look at the "custom hardware" section of the miners forum, you will see what is left of this "asic rush". Most of the group buys are over and people are back into market again.

but this is only a theory!

[btc237ftw]

There has been a huge "asic rush" in the last days because several miners have become "available". Many meople might have moved their coins into buying some of those miners or a share in a "mining company".
If you look at the "custom hardware" section of the miners forum, you will see what is left of this "asic rush". Most of the group buys are over and people are back into market again.

but this is only a theory!

Not a bad theory, I wonder if and what connection is there between the PRISM expose to this drop

[Saint!]

Not a bad theory, I wonder if and what connection is there between the PRISM expose to this drop

I saw a news story about a link but personally I don't think the recent sells have anything to do with it. Purely coincidence

[bitbybit2]

My guess would be one of those big million dollar investors from the bubble time is tired of seeing his money sitting in something that is not bringing a large return. So they moved on to something else.

Wrong. Speculation is based on some mega institution buying. I repeat buying and not selling an investment instrument. The drop is better for newbies but for the resilient miners the future is bright.