Reason for the second crash?

[GameKyuubi]

My guess is because btc38 was down during the news, and people couldn't sell.

[Habeler876]

second crash? not sure what you mean exactly. this has been a steady crash. a nice slide downward.

[Remember remember the 5th of November]

News? What news? The reason it crashed was because it was a bubble bound to burst.

[Habeler876]

News? What news? The reason it crashed was because it was a bubble bound to burst.

exactly. but i honestly thought it was going to head quite a bit higher than $1200...

[mp420]

Reason for this crash is that the price wasn't sustainable at the $1k+ level. There was not enough demand.

[GriTBitS]

Eventually they will realize, Damn if wouldn't have been losing 10mill ever week trying to crash this thing we could have just been the biggest holder of bitcoin out there and just run the world like we are now, with no counterfeiting

[exstasie]

I don't know if there was necessarily a second crash..but the definite drop in price is due to demand not being able to stay about $1k.  I imagine we'll have many, and I mean many more of the bubbles this year, and going forward.

[bitleif]

What's the reason for the sunrise this morning?

I don't get it. It was going down yesterday. Dammit, I need a *reason*.