spacecakes
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Activity: 31
Merit: 0
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January 14, 2015, 02:56:48 PM |
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Tim Draper (lol this is the speculation section correct?)  May I ask who Tim Draper is? Reminds me of Don Draper from Mad Men. He's the gentleman that bought like 30k+ coins from the US Marshall auctions. It was more a joke since we all know he bought in at obscene prices. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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fullhouse
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January 14, 2015, 04:51:13 PM |
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i guess that hacer are dumping the coin who stolen from bistamp
about 10000+ btc are dumping
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vinboy
Member
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Activity: 77
Merit: 10
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January 14, 2015, 05:14:02 PM |
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Maybe bistamp lost a lot of BTC and unable cover. So they make fake buy/sell volume to push down price. Then they buy at low price to cover the lost BTC.  just joking of coz. Bitstamp is run by good ppl. |
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Xialla
Legendary
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Activity: 1036
Merit: 1000
/dev/null
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January 14, 2015, 06:28:02 PM |
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Maybe bistamp lost a lot of BTC and unable cover. So they make fake buy/sell volume to push down price. Then they buy at low price to cover the lost BTC. just joking of coz. Bitstamp is run by good ppl. this is funny for you? how stupid you are..  |
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Marcoser123321
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January 14, 2015, 06:55:14 PM |
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This is all nothing more than 50% panic and 50% market manipulation. As I said before, no one complained when the price went UP. Now everyone cries foul and heads for the door. Not to repeat myself but if you want out, dump your coins. If you're doomsaying - I'll buy your coins.
There will be another upswing, then everyone will be sighing that they sold out too soon.
Just my two satoshis.
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bitbouillion
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January 14, 2015, 07:56:23 PM |
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For every seller there is a buyer.  |
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HorseBit
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Activity: 1
Merit: 0
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January 14, 2015, 09:14:07 PM |
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This is normal market action. Maybe not normal, but expected by seasoned traders after such a strong run-up. Bubble is deflating...
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johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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January 14, 2015, 11:36:21 PM |
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Exchanges of course, they could create millions of bitcoin in their database and crash the price to single digits if they want, that's the reason we should not use any price quote from exchanges as a valuation for bitcoin, a P2P exchange must be established in the coming years
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drawer
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Activity: 60
Merit: 0
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January 14, 2015, 11:54:34 PM |
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"...you see a long dump chain, it's hard to get out of this now, but it may find a bottom in the end, i think we are near the real bottom, but that's just me..." Ye, we need to name bitcoin technology not "Blockchain" but "Dumpchain" , its more clear now for crypto  |
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sandykho47
Sr. Member
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Activity: 252
Merit: 251
Knowledge its everything
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January 15, 2015, 10:55:19 AM |
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Let me see :
1. BitStamp hacked case related
2. Silkroad Trial
3. Panic Seller
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Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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jbreen1
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January 15, 2015, 02:47:32 PM |
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A few things come to mind: 1) borrowers on btcjam and the like. The only "purpose" I can see for such sites is naked shorting. If price drops, hurrah, you win, rinse, repeat. If it goes up, just default on your loan, and you still win. This is why you should never lend out your coins; either you will lose because the value of btc goes down, or you will lose most of your deals because your borrowers will default. 2) bitstamp hacker. Havent checked yet, did the coins move? 3) All the ponzi and other scam operators. Most of them dont care about BTC, they just use it as a convenient way to conduct their scamming business. Since they obtained the BTC at virtually no cost, they will cash out regardless of price. 4) the sheep.  How the market works. Great cartoon. |
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devandtech
Newbie
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Activity: 8
Merit: 0
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January 15, 2015, 10:08:24 PM |
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Maybe it is time for a bitcoin 2.0 to arrive  |
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kleineaap
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January 15, 2015, 10:09:23 PM |
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Miners
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ivyleague1985
Newbie
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Activity: 56
Merit: 0
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January 15, 2015, 10:14:54 PM |
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Tim Draper (lol this is the speculation section correct?) Not Tim Draper. He invested most of his coins into several bitcoin startups and VCs. And it is not in his interest to dump it this low. I believe it is one EVIL exchange that uses dump and pump to get rich quick. |
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Driv3n
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January 15, 2015, 10:22:48 PM |
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Might have been Butterfly Labs... anyone seen the article speculating they caused the crash and still have ~90,000 BTC to go?
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kryptopojken
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January 15, 2015, 10:45:08 PM |
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Benji selling, Willy buying
Obv
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flyingplows
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January 15, 2015, 10:46:08 PM |
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long term holders and or people deciding to cash out and watch for a sec
long term holders  had a good laugh ;]] just about time u know... i dont know myself since the news are quite good, more adoption etc, and all of the sudden such a drop... doesnt seem legit drop i bought more, and gonna buy even more if price drops further cause to my understanding there is no reason for it, just some big dumps |
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Einewton
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January 15, 2015, 10:46:09 PM |
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Maybe it is time for a bitcoin 2.0 to arrive Patience, Bitcoin 1.0 isn't here yet. Sooo true.. lol |
-= Got BitCoin? =-
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devandtech
Newbie
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Activity: 8
Merit: 0
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January 15, 2015, 11:51:39 PM |
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Maybe it is time for a bitcoin 2.0 to arrive Patience, Bitcoin 1.0 isn't here yet. Sooo true.. lol It does get kind of irritating all this talk of Bitcoin 2.0 when anyone that's been watching it a while is eager with anticipation for the great 1.0, the only good thing is its a bit like jurnos writing about "Bit Coin" with an air of professionalism On-topic, there's a lot of views on who's doing the dumping and they all hint at a blind spot in human nature, looking for a single answer when usually there's a multitude of them. If there was a single cause then here is probably the least likely place to find it, this place is full of agenda driven posters and anyone with the kind of funds move markets that much will also have plenty spare to pay astroturfers to muddy the waters. Bitstamp's probably the most likely as its the most recent news but after seeing the silkroad "crash" that started before news was even released its obvious headlines are sometimes more an excuse than a reason. Who knows, maybe China banned Bitcoin yet again. We are in the 1.0 phase no? 2.0 doesn't have to mean a new crypto. 2.0 could be a new path for bitcoin. Instead of the Mt.gox's and market hysteria of 1.0 we will have the hardware integration, widespread adoption and etfs of 2.0. Just my opinion. |
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