Quote from: MaritiJames3 on July 14, 2016, 09:35:39 AM

Quote from: davis196 on June 22, 2016, 08:11:46 AM

Quote from: neopharma on June 22, 2016, 07:16:26 AM

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.

I sold my 1M bitcoins to get my profit. Grin

....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.

It would not be a bad thing if the price would drop again because that would allow more people to buy coins which is good because the more users the better.
Maybe after the halving the price can drop down again we have to wait it out.

Price may drop in next few weeks, but I don't think we will see major dump now price may drop to $600 not more then that if price goes there then may people will start buying bitcoins.