According to some, some possible reasons behind the present bitcoin dump are: The korea exchange upbit fud; CME gap of 8550; whales accumulations closer to Concensus investors explosion and another Mt. Gox news on transfer of 8200 to another wallet. Whatever the reasons, bitcoin can always go back to higher price in the coming days.
According to some? Some isn't a source, and some doesn't know any more or less than what we know.
People for once need to stop with looking for reasons why something happened. Not that long ago with how the price was going down it was first due to South Korea, then China, then the SEC, then stricter Japanese regulations, then the social media ad ban, etc. It's all nonsense speculation based on nothing but just a silly assumption because the price was going down. It's going down for a reason, right? That's where people go wrong.
With current drop it's MtGox, the recent exchange hack, Warren Buffett. Smh.
