Comment: I'll tell you...

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I'll tell you...

The Bitcoin market has recently been fueled by greed, and as I said below, people buying that don't fully understand it.

If you look at the bitcoin price chart you will see it shot up steeply in a short period of time. That led to talk it was a bubble.

Things grew so hot that Mt.Gox, the largest exchange, could not handle the large influx of new users and trades which was increasing exponentially.

With Bitcoin there is always lots of opinions, conspiracies, misinformation, etc. floating around at any given time. So when Mt.Gox got a trade hiccup people started speculating it was time to sell, because something might be wrong, or the bubble was popping, or who knows what, but bottom line was the ingredients were right for a price crash. And that's what happened.