Hello, guys!
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?
Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?
Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.
I sold my 1M bitcoins to get my profit.
....Just kidding.Maybe a lot of people stopped buying bitcoins because they are holding enough btc and waiting for price
increase.The demand went down and the price dropped down too.