BTC Price is crashing today.

[yeponlyone]

Anybody care to elaborate why?

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[ethought]

Anybody care to elaborate why?

Possibly a large sell off?

I can see no direct reason other than possibly there is someone or some group cashing out today.

[oceans]

Has to be someone cashing out, it's the only reason I can think of that things would begin to drop today as there does not seem to be any other reason that I can see.

[Sevvero]

Anybody care to elaborate why?

This is why:
https://www.youtube.com/watch?v=_-TLA3j-ic4

[robmob]

I believe the price continues to fall because the real investors are seeing Bitcoin in the news 24/7 but it is to do with drugs and hacking and not something to benefit them. I personally know a number of people who cashed out after the whole Roger episode .

[yeponlyone]

I believe the price continues to fall because the real investors are seeing Bitcoin in the news 24/7 but it is to do with drugs and hacking and not something to benefit them. I personally know a number of people who cashed out after the whole Roger episode .

Rodger? You mean the hacker of the satoshi email adress?

[hotsaucee]

You won't find rational answers here I guarantee that much...  In fact there are many possible reasons but there has always been volatility in the price. No need to panic

[georgekappa]

Someone's shorting it

http://www.reddit.com/r/Bitcoin/comments/2grhmt/heading_to_400_how_are_those_shorts_coming_in/

[Blinken]

Anybody care to elaborate why?

This is why:
https://www.youtube.com/watch?v=_-TLA3j-ic4

Thats a pretty interesting video.

Just to summarize this for people who don't want to listen to this guy's 15 minutes rambling lecture:

At current rates, the bitcoins generated by miners are worth $650 million per year. So, that means for the price to be stable, that much money must come into the Bitcoin ecosystem. If less buying interest than this occurs, then the price will drop (and vice versa).

[hotsaucee]

Anybody care to elaborate why?

This is why:
https://www.youtube.com/watch?v=_-TLA3j-ic4

Thats a pretty interesting video.

Just to summarize this for people who don't want to listen to this guy's 15 minutes rambling lecture:

At current rates, the bitcoins generated by miners are worth $650 million per year. So, that means for the price to be stable, that much money must come into the Bitcoin ecosystem. If less buying interest than this occurs, then the price will drop (and vice versa).

That's intuitive and how prices work? Nothing new there at all....

[var53]

Anybody care to elaborate why?

This is why:
https://www.youtube.com/watch?v=_-TLA3j-ic4

Thats a pretty interesting video.

Just to summarize this for people who don't want to listen to this guy's 15 minutes rambling lecture:

At current rates, the bitcoins generated by miners are worth $650 million per year. So, that means for the price to be stable, that much money must come into the Bitcoin ecosystem. If less buying interest than this occurs, then the price will drop (and vice versa).

Thanks for the video summary. I'm one of the people who could not face listening to the 15 minutes rambling lecture.

[adamstgBit]

that video...

its failed speculations

[ThatDGuy]

I believe the price continues to fall because the real investors are seeing Bitcoin in the news 24/7 but it is to do with drugs and hacking and not something to benefit them. I personally know a number of people who cashed out after the whole Roger episode .

Bitcoin news only having to do with drugs? Hacking?

Why are they watching the news from 2011-2013??

[Beliathon]

I believe the price continues to fall because the real investors are seeing Bitcoin in the news 24/7 but it is to do with drugs and hacking and not something to benefit them. I personally know a number of people who cashed out after the whole Roger episode .

Bitcoin news only having to do with drugs? Hacking?

Why are they watching the news from 2011-2013??

Just wait until the next boom cycle, when FOX "news" sets their sights on the new threat to the oligarchy.

[srgkrgkj]

current price $430 !!!!

[cypherdoc]

hodl

[srgkrgkj]

hodl or dmup

[Torque]

hodl and BUY BUY BUY

[cozk]

Anybody care to elaborate why?

This is why:
https://www.youtube.com/watch?v=_-TLA3j-ic4

Did not know Joaquin phoenix was a btc expert.

Good to know.

[Hfertig]

Someone's shorting it

http://www.reddit.com/r/Bitcoin/comments/2grhmt/heading_to_400_how_are_those_shorts_coming_in/

People short bitcoins all the time. Some where even doing it in November last year. Not the reason for the drop. There are enough other reasons why we are going down...