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Author Topic: what did i miss?  (Read 841 times)
lakehead
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September 11, 2011, 01:51:46 PM
 #1

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
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Clark
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September 11, 2011, 10:27:12 PM
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More people just selling mining profits for USD than buyers wanting BTC.

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nmat
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September 12, 2011, 01:52:20 AM
 #3

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.
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September 12, 2011, 10:06:06 PM
 #4

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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September 14, 2011, 03:33:31 PM
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It hasn't really crashed. It's just slowly sliding back to the correct market price after a hype-driven speculative bubble.

+1

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