Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?
Feel free to answer my questions and thanks for your participation.
Well it all shows that Mt.Gox is liquifying it's bitcoins to be able to repay their debts. You can easily see How volume peaks at the selloffs, like 2-3 times per day.
It all indicates that someone with a huge amount of btc is doing that. Honestly it's just a bad for Mt.Gox that it has to sell at such a low price and decreasing the price in the way, but if you can understand what caused this and it's not really the effect of some goverment bs you can invest at the dip and buy some cheap btc.