Bitcoin hacked? Cryptography broken? Banned US and EU? or everybody just crazy?

[Kazimir]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

[Realpra]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

Microsoft takes Bitcoin and increasingly many others.
Bitcoin core has been modularized and improved code wise.
We have multiple implementations of Bitcoin core (like a true protocol, we had only BTC core back in 2013 fall/during that price hype)
Bitcoin is getting easier and easier to use - while staying safe.
Hardware wallets and multisig.
Gavin has a good road map for scalability and is widely supported in his efforts by the community.
Multiple strong exchanges.
Dark wallets coming/here.
Un-closeable P2P markets coming/here.

If traders think that Bitcoin was worth 1000$ each in 2013 and <300$ now I dare say they are demented.

[Malin Keshar]

Big hodlers getting out of the market and maybe a reverse willy bot acting somewhere.

Or maybe Bitstamp is doing it to avenge the hack, so the hacker will get less money in the end.

[fosco333]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something

Bitcoin is just not safe for privacy/anonymity/untraceability it has been proven https://bitcointalk.org/index.php?topic=817937.msg10087332#msg10087332 so this is playing a major role but I don't think it's the main reason. Some hands are at play in price crash and it's coming imo from China!

[LiteCoinGuy]

everybody is just stupid these days 

[RocketSingh]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

Ya... u missed something.

http://www.reddit.com/r/Bitcoin/comments/2sdwf8/butterfly_labs_is_the_culprit/

[Rols]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

Microsoft takes Bitcoin and increasingly many others.
Bitcoin core has been modularized and improved code wise.
We have multiple implementations of Bitcoin core (like a true protocol, we had only BTC core back in 2013 fall/during that price hype)
Bitcoin is getting easier and easier to use - while staying safe.
Hardware wallets and multisig.
Gavin has a good road map for scalability and is widely supported in his efforts by the community.
Multiple strong exchanges.
Dark wallets coming/here.
Un-closeable P2P markets coming/here.

If traders think that Bitcoin was worth 1000$ each in 2013 and <300$ now I dare say they are demented.

You should stay away from drugs!

[elephantas1]

Big hodlers getting out of the market and maybe a reverse willy bot acting somewhere.

Or maybe Bitstamp is doing it to avenge the hack, so the hacker will get less money in the end.

this idea seems legit and really beneficial

[arklan]

i'm curious (and really damned confused) as well. what the hell is going on?

[Rols]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

Supply is bigger than demand! => Price goes down

[arklan]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

Ya... u missed something.

http://www.reddit.com/r/Bitcoin/comments/2sdwf8/butterfly_labs_is_the_culprit/

interesting read. to sum up: BFL has some 90k btc and has been order to make customers whole. to do sell, gotta sell, whatever the price.

at least that's what the poster on reddit proposes.

[Rols]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

Ya... u missed something.

http://www.reddit.com/r/Bitcoin/comments/2sdwf8/butterfly_labs_is_the_culprit/

interesting read. to sum up: BFL has some 90k btc and has been order to make customers whole. to do sell, gotta sell, whatever the price.

at least that's what the poster on reddit proposes.

They can sell them off market. So that seems not true. There are brokers that can handle that.

[AgentofCoin]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

Supply is bigger than demand! => Price goes down

^^This is the only true answer.. anything else is an attempt to grab at anything.
This is a market. Does anyone really know why the stock market does what it does? Not really.
In the end, it will rebound if there is demand.

[kokojie]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

Microsoft takes Bitcoin and increasingly many others.
Bitcoin core has been modularized and improved code wise.
We have multiple implementations of Bitcoin core (like a true protocol, we had only BTC core back in 2013 fall/during that price hype)
Bitcoin is getting easier and easier to use - while staying safe.
Hardware wallets and multisig.
Gavin has a good road map for scalability and is widely supported in his efforts by the community.
Multiple strong exchanges.
Dark wallets coming/here.
Un-closeable P2P markets coming/here.

If traders think that Bitcoin was worth 1000$ each in 2013 and <300$ now I dare say they are demented.

All of these doesn't matter as long as Bitcoin has "Proof of Waste" mining, price can only go down without new money inflow.

[homo homini lupus]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

The rational is the high inflation - the crash is fully expected and 100% rational.

The people calling this back in November/December have been called names and labeled 'trolls'.

[tins]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

The rational is the high inflation - the crash is fully expected and 100% rational.

The people calling this back in November/December have been called names and labeled 'trolls'.

You've been on the forum for a month.
It's about perspective. We are still in the early stages on Bitcoin and inflation is necessary in the beginning. A decade from now (after a couple of halvings), people are going to wish they were around in 2015 (and earlier).

[Kimowa]

Bitcoin has not been hacked. It is decentralized.

[BitcoinIsAlgebraic]

Is it even possible for Bitcoin to be hacked? Nodes could be compromised but nothing else as each node verifies the other.

its because of a mixture of the recent news the price is falling.

[BCwinning]

My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

Gavin has a good road map for scalability and is widely supported in his efforts by the community.

yea I don't think so. That isn't the vibe I get from the community right now.

[sethminer14]

Everybody is super crazy. It has been so long since we have reached these lows before.