Who is dumping BTC?

[spacecakes]

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.

[fullhouse]

i guess that hacer are dumping the coin who stolen from bistamp
about 10000+ btc are dumping

[vinboy]

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.

[Xialla]

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..

[Marcoser123321]

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.

[bitbouillion]

For every seller there is a buyer.

[HorseBit]

This is normal market action. Maybe not normal, but expected by seasoned traders after such a strong run-up. Bubble is deflating...

[johnyj]

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

[drawer]

"...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 

[sandykho47]

Let me see :
1. BitStamp hacked case related
2. Silkroad Trial
3. Panic Seller

[jbreen1]

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.

[Bitcoin_BOy$]

Banks.

[devandtech]

Maybe it is time for a bitcoin 2.0 to arrive

[kleineaap]

Miners

[ivyleague1985]

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.

[Driv3n]

Might have been Butterfly Labs... anyone seen the article speculating they caused the crash and still have ~90,000 BTC to go?

[kryptopojken]

Benji selling, Willy buying

Obv

[flyingplows]

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

[Einewton]

Maybe it is time for a bitcoin 2.0 to arrive

Patience, Bitcoin 1.0 isn't here yet.

Sooo true.. lol

[devandtech]

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.