Bitcoin Price Update

anaconda said:
$445.23

https://coinbase.com/charts

This continued slide seems hard to explain.
Click to expand...

It's because of China. The rumor is that the Bank of China is banning exchange withdrawals to bank accounts by April 15th. So it won't just be deposits. But the exchanges aren't aware of this yet people still believe it and are bailing. Nobody can get a 100% confirmation.

People are selling based on a rumor that won't die.
 
I think Honeybadger finally said fuck you to China and see ya...

$491 Bitstamp

Can we haz moon now?
 
Why has BTC been tanking over the last couple of weeks or so? Would love to hear the thoughts of those here who keep up on the topic. If I'm not mistaken, it dropped about from about $570 to about $490 in the 3 day period from approximately Aug. 13-16.
 
because bubbles pop, essentially. this was a speculative bubble not based on fundamentals. my take
 
anaconda said:
Why has BTC been tanking over the last couple of weeks or so? Would love to hear the thoughts of those here who keep up on the topic. If I'm not mistaken, it dropped about from about $570 to about $490 in the 3 day period from approximately Aug. 13-16.
Click to expand...

BitLicense FUD was the big motivator.
 
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