Do You now something about bitcoin price?

[maximus1984]

http://blockchain.info

510$$$?!?!?
What happend?

[Blazr2]

Didn't you get the memo? Someone send him another copy of that memo.

[maximus1984]

Memo?

[AdamSmith]

Ethereum developers cashing out.

[pikuchato]

Memo?

Yeah the memo explains everything

[maximus1984]

Ethereum developers cashing out.

Hahah;)

[blumangroup]

http://blockchain.info

510$$$?!?!?
What happend?

People not HODLing happened.

[Hfleer]

Bitcoin got hacked and someone created 1 Million new coins that are now continuously sold on the exchanges.

[maximus1984]

Check yours wallets! Whats going on?!

[smoothie]

Do I now something about bitcoin price?

[jaberwock]

http://blockchain.info

510$$$?!?!?
What happend?

Happened that the sellers loaded lot of coins, and the buyers haven't enough buy orders to hold position, so 510 on Bitstamp

[yogi]

Memo?

Yeah the memo explains everything

Shhh, the memo said don't tell maximus1984.

[Chicowash]

It is just some bigs cashing out and playing with price, nothing unusual.

[zhinkk]

Memo?

Yeah the memo explains everything

I thought everyone got the memo... I'll resend it.

[Buo]

It's just a drop known final capitulation, don't worry and hold your btc savings, it will rise.

[Kprawn]

It's a clandestine group of BTC Whales dumping huge amounts of BTC on exchanges, to push the price down, and for noobies to panic and exit the market.

After this is over, they would buy back all the coins they sold, and also the cheap "noobie" coins. They do not want a small part of it, they want it ALL. 

Seriously - US over Regulation + over supply of BTC because lots of people are buying, BIG SCREEN 3D led curved TV's from Dell. 

[zedicus]

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

[adamstgBit]

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

A long squeeze. best explanation i have heard yet.

charts seem to agree,  you can see bitfinex went lower faster and also bounced faster.

this confirms long squeeze.

[FattyMcButterpants]

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital......

[linxproz]

I'm not an expert at all but I doubt that bitfinex could have influenced this (small) crash.