why the sudden drop in price? came outa nowhere?

[kodtycoon]

why the sudden drop in price? came outa nowhere?

[zolace]

Where have you been?   Price has dropped like two weeks ago, prices actually been stable this past week.

[RodeoX]

I see about a $10 drop at bitstamp. Looks like a big sell went through an hour or so ago. Is that what your seeing? I guess it's supply and demand. If you were to want to take $50K of profits denominated in dollars, you would likely move the market unless you were in a dark pool.

[nrigo]

There are some drop prices like this one every working days. These big orders come probably from mining companies or merchands which are selling with market orders. That explains Bitcoin price volatility, but it's a good apportunity to buy  at a lower price. 

[Sage]

You're still seeing the inflation from the China bubble working its way out of the market.

The trend is still down.  And it's not going to take off again for awhile.

Expect more downside.

(Having said that I'm buying like crazy all the way through the dip in both litecoin & bitcoin)

[Acidyo]

Gox selling stolen coins probably.

[RomertL]

Just the normal daily volatility...

[bitsmichel]

why the sudden drop in price? came outa nowhere?

price drop is not that big.

[elavenil]

Bitcoin price is stable for last few days at $4** range.

[ChuckBuck]

What sudden price drop?  BTC been around $450 +- $5-10 or so last few days.

[serenitys]

It went down to 439 a little while ago but shows 444-447 between bitcointicker and bitcoinwisdom at 1pm CST

Seems to be stuck in the $400-$500 range for awhile though. Makes me think everyone's holding except small exchanges until the 15th...like market paralysis...

[allthingsluxury]

Relatively stable at the moment.

[hilariousandco]

why the sudden drop in price? came outa nowhere?

Do you expect a warning or something?

[reRaise]

You're still seeing the inflation from the China bubble working its way out of the market.

The trend is still down.  And it's not going to take off again for awhile.

Expect more downside.

(Having said that I'm buying like crazy all the way through the dip in both litecoin & bitcoin)

You are just speculating, it's not a fact. People said the same when Bitcoin reached $60 from $266. I'm calling it a bottom, the downtrend is slowly getting exhausted and oversold.

[ashapasa]

china always china

[hilariousandco]

Panic sellers, always panic sellers

[HCLivess]

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<- You Are Here Now
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[Dalmar]

Prepare for the death cross.

[MicroGuy]

why the sudden drop in price? came outa nowhere?

I think Overstock and other retailers could be divesting some of their BTC inventory.

It's important to note that many investors are still bullish on cryptocurrencies, just not Bitcoin at the moment.

http://coinmarketcap.com/mineable.html