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It is impossible to definitively give a reason as to why something as uncontrollable as Bitcoin changes in price. But yeah, probably.

• charlesism 13y ago
  Well, if ever it were possible to definitively give reasons, this would be the time. When you have, on the same day: a) Greenspan's announcement saying bitcoin is a bubble, and using the "no intrinsic value" argument b) China effectively banning bitcoin (not that we have the specifics to say that "ban" is the best term yet) ...it's not going to do wonders for the price.
  • gohrt 13y ago
    Both (a) and (b) have been stated forever. (b) was just common knowledge, clarified with an official announcement today.
    • cheesylard 13y ago
      Yeah, but Bitcoin's price is not based purely on logic. It is also based on emotion.