What is the reason for the current bitcoin value crash?

[Cattjones]

What is the reason for the current bitcoin value Crash? Is something happened?  

[bitsmichel]

What is the reason for the current bitcoin value Crash? Is something happened?  

Look up the long term chart - the 1 year trend, nothing happened. Just the usual roller coaster, don't worry about it too much for now.
If you think bitcoin has potential it's better to hold.. panic sells is how whales get money 

[Meuh6879]

  -40 euros ... it's a crash for you ?

well, you don't have knowned the -100 / +100 variations ... of the 3 months before.

[shorena]

dump >4K btc, price gotta move, esp if you announce it days in advance.


https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/

[Cattjones]

-40 euros ... it's a crash for you ?

well, you don't have knowned the -100 / +100 variations ... of the 3 months before.

Ok Crash is the wrong expression but something must be the reason that the value has fallen for 40$ in 24/48 hours?

[Cattjones]

dump >4K btc, price gotta move, esp if you announce it days in advance.


https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/

Ethereum devs has dumped their collected bitcoins?

[Meuh6879]

the reason is more simple : new farm have been activate on bitcoin network : https://bitcoinwisdom.com/bitcoin/difficulty
they must sell quickly than the others regulars farms ...

[Cattjones]

the reason is more simple : new farm have been activate on bitcoin network : https://bitcoinwisdom.com/bitcoin/difficulty
they must sell quickly than the others regulars farms ...

OMG that is too difficult for me... What is a farm?

[Fray]

I think the most likely answer is due to the new government warning about BTC being the "wild west" as this will likely hamper/slow consumer adoption.

[tspacepilot]

Doubt it has anything to do with any government warning.  More likely is the simple suppy-demand relationship and the fact apparantely more folks are selling than buying at the moment.

Hardly a crash, just some normal market action, imho.  I think there are still a lot of speculators who got in late in the last bubble and some of them are slowly but surely exiting with losses.

[Cattjones]

Now we can talk from a crash  What is the reason for the persistent loss rate?

[Wilhelm]

Just a theory....

Maybe this is Wallstreet making an entry.
Dump shitloads of coins they bought in the last months... cause a panic and make everyone sell. Then buy your ass into Bitcoin and let it go to friggin' deep space.

 

[Cattjones]

Just a theory....

Maybe this is Wallstreet making an entry.
Dump shitloads of coins they bought in the last months... cause a panic and make everyone sell. Then buy your ass into Bitcoin and let it go to friggin' deep space.

 

I have read that Ethereum is dumping their ipo coins 

[akujin]

July bubble failed... LOL!

[Magic Of Nigeria]

btc always goes up and down, it will go up soon.

[mymenace]

koolio sold his btc

[falllling]

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
etc..

[Chuckee]

nobody using bitcoin except speculating and gambling! bitcoin lose many impressionable mom and pop investors lots of money... cut your loose before it's too late!

[Cattjones]

Bitcoin is loosing value more and more! Litecoin is already dead! I expect another alt is replacing bitcoin sooner or later?

[inca]

Bitcoin is loosing value more and more! Litecoin is already dead! I expect another alt is replacing bitcoin sooner or later?

Ah you are a troll