Post
Topic
Board Economics
Re: WTH? why a sudden drop by 10 cents?
by
So_Cynical
on 06/03/2011, 00:07:09 UTC
The sell side is starting to move the price down, it pretty much had to happen as fundamentally there are new BTC entering the economy all the time and some of that new money needs to be exchanged to cover the costs of production...the non trader types on the forum have to realise that the exchange rate can be very volatile as there is very little real need and thus demand for BTC.