Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NOTE]DNotes - Updated! - Mandatory Update by 6/1/2014
by
marcuslong
on 19/09/2014, 14:20:25 UTC
More news on Bitcoin's price woes... 

Posted on Crypto Moms:

Re: BREAKING NEWS

"Downward Pressures Persist as Bitcoin’s Price Declines to Near $400"

http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/

It's below the 400$ now - 398$. My guess it's a lowest price of the year. I wonder what is the cause for this downtrend since nothing is actually happening on the Bitcoin front, I mean nothing bad and nothing good. Exchange rate should be stagnant...

Yes, there is no news. Seems like it is flow driven. Perhaps forced liquidation by a large party and others join in since they think something is up.

Popular theory is investors pulling thier money out for the Alibaba IPO. http://www.cryptocoinsnews.com/alibabas-us-ipo-may-have-crashed-the-bitcoin-price/