Post
Topic
Board Economics
Re: Why did bitcoin value fall?
by
roslinpl
on 06/04/2014, 17:14:06 UTC
Why did the value of 1 BTC fall from ~1100 USD in December to ~450 now? I can understand volatility for a couple 100 dollars even, but the value has almost halved. Is this due to the Mt. Gox hacking? 

Those are more speculations IMO, but I believe reasons are clear:
1. Mt.Gox
2. Other exchanges suffers attacks
3. Charlie S.
4. Then it was not bad Smiley until
5. ITS
6. China (maybe yes/maybe no)

but all of those means nothing Wink Bitcoin is not 1 year old project and it is very strong even with all of those issues there are plenty of good news too.