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.
1. See no linked for the decrease of bitcoin price.
2. Others can transfer to other exchanges without selling their coins
3. This is the near reason why the price decrease in my own speculation. I will just add too those big whales.
But overall, this is usual. If there's a price rally for at least a large margin of price, possibility of a price decrease has a chance to happen with also the same margin days or weeks after the scene.