Is China & Miners to blame for latest drop due to China controls on $$$ movement

[Searing]

This article makes the case that China is to blame for the drop in price in the past few months...that
and buying coin on spec and other tricks

http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/

would be nice if it is true...I'd be a lot more comfortable with Bitcoin price swings if I knew it was at least

possible it was manipulation and such as stated in the above article

but then again wtf do I know 'Bitcoin is mysterious to me!'

what cha think?

[WhatTheGox]

Yes china could be controlling things but that could end up a good thing when they want the price higher

[bornil267645]

In my opinion. Yeah..

[LiteCoinGuy]

maybe yes, maybe no. i dont care, sry 

[H.W.Z]

I don't think it is all down to Chinese mistakes. The large number of merchants are dumping their bitcoin payment.

[Beliathon]

Wall Street Journal, so take it with a grain of salt. They love blaming the rising dragon for all problems.

[toleng]

Wall Street Journal, so take it with a grain of salt. They love blaming the rising dragon for all problems.

I personally find the wall street journal to be very reputable.

I do agree somewhat with their conclusion but I do not think the issue is limited to China. I think that since the cost of powering the miners has risen to such great amounts that people simply cannot afford to essentially be buying so much bitcoin via the electric company so they have to sell at least a portion of what they mine