Nobody think this drop kinda correlate with the fact that Norway just removed VAT on BTC and suddenly made it waaaaay easier for Norwegians to sell their coins? 25% VAT is a lot. Loads of first miners and adopters in that filthy rich country... a friend sold 2000 coins yesterday to an known investor. And more like him did the same.
you mean he sold hand to hand right? without any VAT applying to this transaction as i understand and the investor has to deal with the VAT?
To do a legal OTC deal no VAT now. The seller had to add 25% VAT before, making legal sales very few before. Some very wealthy investors now saw this as an opportunity to buy in. Just saying. Not all China. But then again China...