[2014-08-19] Price of Bitcoin Drops Below $400 in BTC-e Flash Crash

[patricktim]

http://www.coindesk.com/price-bitcoin-drops-400-btc-e-flash-crash/

The price of bitcoin on the CoinDesk Bitcoin Price Index (BPI) has declined more than $60 today (by the time of publication), falling to a low of $435.60. However, a more serious decline was observed at one major bitcoin exchange.

The development is the latest blow to the price of bitcoin, which had slumped to its lowest level since May late last week. The decline has since been largely attributed to a worsening short-term news outlook, as well as the industry’s margin traders, though alternative theories have been proposed.

[cryptofan5]

The drop has maybe stabilized. Perhaps the next trend will be upwards.

[Ludi]

Yeah it's no biggie. It's already bounced back to $475 and I'm sure it'll keep crawling back up. I think people just need patience. Wait for that one bit of big news and I'm sure it will shoot up as fast as it came down.