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This sudden drop sounds like an intentional attack on Bitcoin to lower the price. I have heard stories of hackers trying to sabotage the price of Bitcoin by for
by DigitalSea 14y ago
This sudden drop sounds like an intentional attack on Bitcoin to lower the price. I have heard stories of hackers trying to sabotage the price of Bitcoin by forcing the price lower and then buying a whole heap of Bitcoin, sounds like one of those attacks finally worked. Looks like all of the Bitcoin publicity from the likes of Business Week and The New York Times has attracted some good old fashioned currency manipulators who want a piece of the pie.
Although there is no evidence to suggest this isn't an old fashioned bank-run, there appears to be quite a few reports of mining pools being attacked as well. Something is definitely going on here, but overall it won't stop the remarkable progress Bitcoin has made this year so far.