“Large holders sold at a high price driving the price down on the back of FUD about the 'Tokyo Whale' about to dump 160k more Bitcoin because he's been recklessly selling using market orders."

All of this turned out to be complete bullshit as I or any one could have suspected. Someone else was dumping and manipulating in this way. Once you start an avalanche there's no way to control it.

MTGOX is coming back to haunt us.

With all the recent news of IRS TAX bullshit, to the regulations and etc. You would think the price would still hold or even go much higher, you knew considering we want a decentralized currency.

Now why in the hell would it be going down you say? Well it is very simple the massive whales buying into it have and had no idea what it really was they just saw dollar signs and bam jumped the wagon.

Of course we all want profit but if you have no idea what it was meant for shame on you.