Who can tell me what going on with the price?

[gondel]

Hello,
Really?!
This is bitcoin, there is nothing like real price of it. No one can predict what will be thw price tomorrow.In my opinion just dont worry
We are i  the early days of btc so expect everything

[LiteCoinGuy]

people sell.

[jonald_fyookball]

Vitalik and friends dumping their coins from ethereum IPO.

[LavaWave]

That's could be any reason, but it doesn't seem to be linked to any news?

Holding anyway.

The price was already unstable and then the US Consumer Financial "Protection" Bureau released a very negative report calling Bitcoin "the Wild West."

This is what I feel is the reason for the recent decline. We may even have further to go.

[64dimensions]

My guess: The mining ROI for bitcoin is decreasing for (new?) mining farms. As compared to the past, they have divert more mined BTC to pay the operational bills in whatever local currency. This is currently overriding the commercial dissemination of BTC.

[Fray]

This would be speculation, but I would think it has to do with the CSFB warning about bitcoin being the "wild west"

These kind of warning make it less likely that consumers will want to buy and use bitcoin as they fear they will get scammed out of their money. If less people buy and use bitcoin then the price will go down

[Razick]

This would be speculation, but I would think it has to do with the CSFB warning about bitcoin being the "wild west"

These kind of warning make it less likely that consumers will want to buy and use bitcoin as they fear they will get scammed out of their money. If less people buy and use bitcoin then the price will go down

Honestly, who listens to them? If I hadn't been following Bitcoin very closely, I never would have heard about their advice. I do think it's the cause of the price drop, but long term it should have little effect.