Did Ghash cause the price drop?

[fryarminer]

With all the good news about BTC lately, the drop in price leaves much to question.

Nobody is going to want to invest in BTC if any pool is this close to 51%. Whether the pool claims to "promise" not to take advantage of the 51% or not, we are going to see BTC drop pretty steep until there is no single pool that close to 51%.

That's fine with me, I'll just buy btc when it's cheap. But the damage that Mt Gox did to bitcoin will be nothing compared to the damage of having a single pool with 51% power.

[AmDD]

Id guess it has to do with the DPR coins.

[Elwar]

There is an auction of the Silk Road coins on the 27th.

[Pushtheghost]

Grossness

[fryarminer]

Id guess it has to do with the DPR coins.

But were the DPR coins exchanged for cash or just transferred to the DPR 2 wallet?

[Elwar]

Id guess it has to do with the DPR coins.

But were the DPR coins exchanged for cash or just transferred to the DPR 2 wallet?

There is an auction on the 27th of the Silk Road coins.

[Beliathon]

Id guess it has to do with the DPR coins.

But were the DPR coins exchanged for cash or just transferred to the DPR 2 wallet?

There is an auction on the 27th of the Silk Road coins.

So lots of folks are selling now, waiting till the 27th, and then re-buying?

[ljudotina]

This has absolutely nothing to do with ghash.
They are not as important as you ppl think.

[ShakyhandsBTCer]

Id guess it has to do with the DPR coins.

But were the DPR coins exchanged for cash or just transferred to the DPR 2 wallet?

It looks like they were just transferred to another wallet. When you transfer to an exchange the exchange will usually sweep the coins from the "deposit" address. The price drop is probably due to anticipation of a large amount of coins being brought to the market in the near future.