Is someone TRYING to crash the bitcoin exchange, or just old miners cashing out?

[Fuzzy]

The last dip to ~$21.7 looked like a party crasher was trying to dive bomb the exchange, rather than cash out slow and steady.

Just curious if anyone here has any economic experience in this sort of thing, is this attempted sabotage to shake investor confidence?

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[chriswilmer]

The last dip to ~$21.7 looked like a party crasher was trying to dive bomb the exchange, rather than cash out slow and steady.

Just curious if anyone here has any economic experience in this sort of thing, is this attempted sabotage to shake investor confidence?

I would say that today's events did nothing if not instill a lot of investor confidence

[ajk]

I would say that today's events did nothing if not instill a lot of investor confidence

+1

Will also put panic sellers into place about doing it again if they havent learned already, go ahead bears, Sell your coins because your going to be buying them back a couple hours or days later,

[marhjan]

I would say that today's events did nothing if not instill a lot of investor confidence

I must admit the almost instant snapback from the minicrash is shaking my bearish mindset.

[eleuthria]

For weeks I've been waiting for an event like today.  A heavy crash of multiple dollars, a brief period of hesitation, and then a return back to the growth we had been seeing previously.  The June 2011 market would've taken this event and crashed down to rock bottom, but today we have enough support and confidence that the price was able to recover in very little time.