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Reason for the second crash?
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Topic: Reason for the second crash? (Read 1006 times)
GameKyuubi
(OP)
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DTCxNMC
Reason for the second crash?
December 07, 2013, 07:43:43 AM
#1
My guess is because btc38 was down during the news, and people couldn't sell.
BTC: 15SLrNo6PKVfsH5JLtatJcVkSQXCk1LXyq
full stack Node
Habeler876
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Re: Reason for the second crash?
December 07, 2013, 07:44:18 AM
#2
second crash? not sure what you mean exactly. this has been a steady crash. a nice slide downward.
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Legendary
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Reverse engineer from time to time
Re: Reason for the second crash?
December 07, 2013, 07:44:21 AM
#3
News? What news? The reason it crashed was because it was a bubble bound to burst.
BTC:
1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
Habeler876
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Re: Reason for the second crash?
December 07, 2013, 07:47:11 AM
#4
Quote from: Remember remember the 5th of November on December 07, 2013, 07:44:21 AM
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...
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mp420
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⇾
Re: Reason for the second crash?
December 07, 2013, 08:06:07 AM
#5
Reason for this crash is that the price wasn't sustainable at the $1k+ level. There was not enough demand.
GriTBitS
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Re: Reason for the second crash?
December 07, 2013, 02:20:59 PM
#6
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
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exstasie
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Re: Reason for the second crash?
December 07, 2013, 02:29:39 PM
#7
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.
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bitleif
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I'm always grumpy in the morning.
Re: Reason for the second crash?
December 07, 2013, 02:30:54 PM
#8
What's the reason for the sunrise this morning?
I don't get it. It was going down yesterday. Dammit, I need a *reason*.
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