Over on ZeroHedge, there is an article about a Single Individual that may have been responsible for the majority of the bitcoin decline earlier this year.
While the prices were definately inflated and needed a correction, I think this was the very large snowflake that caused the avalanche. What makes it more troubling is that it was Nobuaki Kobayashi who is the bankruptsy trustee for Mt Gox who apparently sold about $400 million worth of bitcoin. I don't know the back ground of how he came into holding his bitcoins, but it seems suspicious given the affiliation with the worst bitcoin exchange theft of all time. Note: I'm not making accusations... but its one of those coincidences that makes your eye brows raise a bit.
Unfortunately, I HODL'd all the way down. :)
You are right...BTC has been placed on exchanges from Mt Gox fraud...$400m worth!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received gratitude of 1.79% from @appreciator courtesy of @jruff!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations, your post received 22.83% up vote form @spydo courtesy of @jruff! I hope, my gratitude will help you getting more visibility.
You can also earn by making delegation. Click here to delegate to @spydo and earn 95% daily reward payout! Follow this link to know more about delegation benefits.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 25.00% upvote from @bearwards courtesy of @jruff!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit