Post
Topic
Board Speculation
Re: any news driving this drop
by
bozak
on 18/07/2013, 13:32:00 UTC

No forced selling of BTC, only forced selling of SD shares.  Some people are theorizing that the large BTC payout led to the drop in exchange rate, but that doesn't make a lot of sense to me.  The alternative view is that a BTC company was just sold for a significant sum showing that the BTC economy is thriving.

Small market.  That is a huge amount.

People will be selling to make profits causing the charts to look negative.  People panic and sell.



I agree with the concept that the amount of BTC being dispersed is large enough to effect the exchange rate.  However, I think it is a leap to assume that these investors will be selling to take profits.  Has this development fundmentaly changed their investment view on BTC?