who is responsible to this bitcoin price mini crash ?

[BrewCrewFan]

Which makes me think it could be the big miners who have been collecting bitcoin for a long time or someone with stolen coins who don't care about the exit price.

That is rather silly, there is no point in low prices for either group; besides, stolen coins, on an official KYC exchange? Riiiiight. Also, why do you think thieves or miners don't care at what price to sell? You think they are all idiots?

No, this is rather obvious that the price was pushed down *on purpose*. Naked short selling, or manipulation, or an expensive attempt to discredit bitcoin, I don't know all the possible dirty tricks that could be at play here. Maybe it's Satoshi who decided to fix the project by shaking out all non-believers? We don't know, but I am quite positive by observing how this unfolds that this is an orchestrated event, not simply some panic or stupidity.

That wall and mini crash just so happen at 00:00 china time if I am correct. It was orchestrated attempt.

[Rat_Poison]

Bitcoin bulls will convince themselves of anything -- no matter how ridiculously preposterous to an outside observor -- to explain the downtrend, because "the fundamentals have not changed". 

OK, keep telling yourself that. I guess it's easier than acknowledging that you were suckered into an investment scheme. The fundamentals do not matter if nobody has a use for bitcoin, just like the fundamentals of HD-DVD doesn't matter, because nobody wants to buy that anymore. At least HD-DVD lets you watch a movie... you can hardly do anything with a bitcoin. Anyway, much less than you can with real money!

Stop deluding yourselves, bulls. Speculators are figuring out that the game is over, there is no reason for consumers to buy bitcoins, no more development to the protocol is coming, and it's a lost cause.

[Robert Paulson]

Bitcoin bulls will convince themselves of anything -- no matter how ridiculously preposterous to an outside observor -- to explain the downtrend, because "the fundamentals have not changed". 

OK, keep telling yourself that. I guess it's easier than acknowledging that you were suckered into an investment scheme. The fundamentals do not matter if nobody has a use for bitcoin, just like the fundamentals of HD-DVD doesn't matter, because nobody wants to buy that anymore. At least HD-DVD lets you watch a movie... you can hardly do anything with a bitcoin. Anyway, much less than you can with real money!

Stop deluding yourselves, bulls. Speculators are figuring out that the game is over, there is no reason for consumers to buy bitcoins, no more development to the protocol is coming, and it's a lost cause.

please tell you're boss i really appreciate all the free money.
if he could dump another 30k bitcoin for 50 USD ill be grateful forever.

[fewcoins]

Bitcoin bulls will convince themselves of anything -- no matter how ridiculously preposterous to an outside observor -- to explain the downtrend, because "the fundamentals have not changed". 

OK, keep telling yourself that. I guess it's easier than acknowledging that you were suckered into an investment scheme. The fundamentals do not matter if nobody has a use for bitcoin, just like the fundamentals of HD-DVD doesn't matter, because nobody wants to buy that anymore. At least HD-DVD lets you watch a movie... you can hardly do anything with a bitcoin. Anyway, much less than you can with real money!

Stop deluding yourselves, bulls. Speculators are figuring out that the game is over, there is no reason for consumers to buy bitcoins, no more development to the protocol is coming, and it's a lost cause.

please tell you're boss i really appreciate all the free money.
if he could dump another 30k bitcoin for 50 USD ill be grateful forever.

Oh it will happen... Put your order in at $50 USD each BTC now & watch it get filled in no time!!!

[mmortal03]

If it goes up or down I wont loose anything.
the goverment around here got greedy and wanted a part of the bitcoin adventure, we have to give up any proffit or losses on our tax return.
So if bitcoin goes down I can just write it of on my tax return.
So if it goes down, the goverment looses, not me.
For now I'm enjoying cheap coins

*lose, not loose; government, not government.


Speaking of government, though, and I'm not one for conspiracy theories -- just throwing out the idea: Could it not be a sovereign government that bought up a bunch of bitcoins over time, and is slowly selling them off now to harm the Bitcoin image?

[fewcoins]

If it goes up or down I wont loose anything.
the goverment around here got greedy and wanted a part of the bitcoin adventure, we have to give up any proffit or losses on our tax return.
So if bitcoin goes down I can just write it of on my tax return.
So if it goes down, the goverment looses, not me.
For now I'm enjoying cheap coins

*lose, not loose; government, not government.


Speaking of government, though, and I'm not one for conspiracy theories -- just throwing out the idea: Could it not be a sovereign government that bought up a bunch of bitcoins over time, and is slowly selling them off now to harm the Bitcoin image?

Anything is possible! But what you bulls aren't getting is that nothing like that needs to happen for the price to go even lower. The current bitcoin system itself will drive the price lower again and again!!!

[noobtrader]

If it goes up or down I wont loose anything.
the goverment around here got greedy and wanted a part of the bitcoin adventure, we have to give up any proffit or losses on our tax return.
So if bitcoin goes down I can just write it of on my tax return.
So if it goes down, the goverment looses, not me.
For now I'm enjoying cheap coins

*lose, not loose; government, not government.


Speaking of government, though, and I'm not one for conspiracy theories -- just throwing out the idea: Could it not be a sovereign government that bought up a bunch of bitcoins over time, and is slowly selling them off now to harm the Bitcoin image?

http://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/

now this bitcoin crash
coincidence
they said that the hack are done by russian, and russia ban bitcoin.  but then again they might just hate russian and make them scapegoat.

[CryptoCarmen]

If it goes up or down I wont loose anything.
the goverment around here got greedy and wanted a part of the bitcoin adventure, we have to give up any proffit or losses on our tax return.
So if bitcoin goes down I can just write it of on my tax return.
So if it goes down, the goverment looses, not me.
For now I'm enjoying cheap coins

*lose, not loose; government, not government.


Speaking of government, though, and I'm not one for conspiracy theories -- just throwing out the idea: Could it not be a sovereign government that bought up a bunch of bitcoins over time, and is slowly selling them off now to harm the Bitcoin image?

http://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/

now this bitcoin crash
coincidence
they said that the hack are done by russian, and russia ban bitcoin.  but then again they might just hate russian and make them scapegoat.

Why would you hack something you baned. Hacking is adopting!

[mmortal03]

If it goes up or down I wont loose anything.
the goverment around here got greedy and wanted a part of the bitcoin adventure, we have to give up any proffit or losses on our tax return.
So if bitcoin goes down I can just write it of on my tax return.
So if it goes down, the goverment looses, not me.
For now I'm enjoying cheap coins

*lose, not loose; government, not government.


Speaking of government, though, and I'm not one for conspiracy theories -- just throwing out the idea: Could it not be a sovereign government that bought up a bunch of bitcoins over time, and is slowly selling them off now to harm the Bitcoin image?

http://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/

now this bitcoin crash
coincidence
they said that the hack are done by russian, and russia ban bitcoin.  but then again they might just hate russian and make them scapegoat.

Why would you hack something you baned. Hacking is adopting!

Russia hasn't banned Bitcoin, from what I've read.

[spazzdla]

600 000 coins were stolen...

[DieJohnny]

600 000 coins were stolen...

i think this is the #1 reason Bitcoin stays below 350 for another 18 months. All the stolen coins have to go to someone else, and the price probably has to go to $50.