Quote from: akujin on June 04, 2014, 12:18:54 PM

Quote from: kodtycoon on June 04, 2014, 12:12:36 PM

i told ye bout this at 7000 satoshis.. bet none of ye listened!

https://bitcoinwisdom.com/markets/bter/nxtbtc

Looks like it's about to dive Grin

Nxt never dives after a bubble pop. It just keeps slowly dwindling down to nothing, keeping the Nxt nutters hopes alive. It's all a game being played by the (70-ish?) number of founders initially granted all the premined Nxt, just to keep things going. They sell some for btc or give it away, buy it back to create bubble mania, then slowly sell it off for btc again. Not only have they made a shit ton of btc (and thus money) with their pump and dumps, but have probably managed to increase their original Nxt holdings astronomically as well, further skewing the overall distribution.

Quote from: Bitcoin_is_here_to_stay on June 04, 2014, 02:10:31 PM

I think there was bad news from China behind the recent crash

Quote from: stefanlau

Bad news from China, this morning the Sina Weibo said that China gov will issue the file named NO.140 announcement 2014 from China Payment Institute that they will completely cut the bitcoin fund chain including the current only deposit method--deposit code.They also said that the bank card accounts of all deposit deputy merchants of every exchange platform have been supervised and recorded,and will be frozen.Effected by this news,the bitcoin price drops from 4180CNY to 3800CNY,and then come back a little.

Chinese media report：http://www.btcside.com/new/detail/1030

And yet China rallies. Roll Eyes

Yep, everyone was waiting for the next round of China FUD to rear it's head again! Yay China FUD!