what did i miss?

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Topic: what did i miss? (Read 961 times)

lakehead (OP)

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what did i miss?

September 11, 2011, 01:51:46 PM

i haven't been watching bitcoin for two months... why the crash? is there a simple reason? ...like another security problem at mtgox?
or is it simply a supply dump?

lakehead

Clark

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So much code.

Re: what did i miss?

September 11, 2011, 10:27:12 PM

More people just selling mining profits for USD than buyers wanting BTC.

PGP KEY

nmat

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Re: what did i miss?

September 12, 2011, 01:52:20 AM

There were a few problems, such as MyBitcoin going down and bitomat losing its users coins, but I believe they are not directly related to the price fall. My best answer to you question is that there are simply more people selling than buying.

Revalin

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165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g

Re: what did i miss?

September 12, 2011, 10:06:06 PM

It hasn't really crashed. It's just slowly sliding back to the correct market price after a hype-driven speculative bubble.

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g

Chucksta

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Re: what did i miss?

September 14, 2011, 03:33:31 PM

Quote from: Revalin on September 12, 2011, 10:06:06 PM

It hasn't really crashed. It's just slowly sliding back to the correct market price after a hype-driven speculative bubble.

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