Bitcoin gone insane again, people tired of hearing it.Submitted by Smudge Pot on Fri, 02/07/2014 - 11:18
Bitcoin has once again gone insane, this time not surging but going lemming off a 25% cliff overnight. Early speculation hovered around reports that "somebody is attacking bitcoin businesses" which was triggering a selloff in midrange holders however by the time this reporter fell asleep last night one thing was clear:
It didn't make sense.
Now this morning we find MTGOX, the largest open exchange, has suspended withdrawls. The only way this explains the timing of this latest plunge is if someone got tipped off that GOX was about to halt withdrawls. And this should have triggered a FURTHER drop, however we see bitcoin stubbornly trying to cling to $750. I'm not sure it matters, it's testing $700.
So bitcoiners, what are we thinking? The lack of chatter on this is another nuance to this situation. Are we bored of bitcoin? People tired of dealing with bipolar, high-maintenance currency relationships?