Post
Topic
Board Speculation
Re: Reason for decline over months
by
noob2001
on 17/09/2014, 08:43:07 UTC
We are pricing in the sell-off of 200.000 gox-coins.

Also, we are not sure yet, if the 1200 rally was driven by self-created-gox-usd by mark k.

(read willy report http://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/)

And the fact that many developing countries are banning/restricting bitcoin (Bangladesh, China, Bolivia, Russia etc etc..).

Many speculators hoped it would take off in the remittances market, but if this trend continues, bitcoin will be practically useless for remittances.

Countries banning bitcoin is a good sign, plus, it won't stop people dealing in bitcoin...