Quote from: Hazir on January 11, 2017, 10:51:43 AM

Quote from: JakaE on January 11, 2017, 10:42:22 AM

Quote from: Hazir on January 11, 2017, 10:37:03 AM

Quote from: JakaE on January 11, 2017, 10:17:20 AM

Maybe some panic due to Bitstamp being unavailable for many users ( me included Undecided

) ?

Nah, it has nothing to do with Bitstamp or any other western bitcoin exchange. Current decline and somewhat unstable situation is caused by Chinese government trying to curb bitcoin trading.
They continuously see Bitcoin as a danger to their own domestic financial market and fiat and way for Chinese citizens to transfer money abroad.
That is why they recently announced harsh AML/KYC procedures will take place on every major Chinese exchange from now on... There might be more anti-bitcoin laws coming.

Wasn't this the reason for the big drop about a week ago? Maybe he is talking about the smaller decline just recently, after the price was pretty stable around $900 for a day or two.
Did any new news come from China yesterday that I missed?

It is all connected, chinese warnings and actions a few days back has damaged bitcoin trading activity. We we will observe fear caused by that.
Maybe what happened was delayed liquidation of large positions in response to this news? But I think this is all over now. Time to gain.

I think aside from this reason, whales wanted to accumulate at lower price, realizing that Bitcoin is still bullish and will probably uptrend soon, the dump is needed to create a panic so sheeps will follow. but I guess it has recover some of its price now @ $870 as of the time while I am writing this reply. But I guess the event is still normal

. This happen several times so no new here.