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Title: Bitstamp being down didn't affect the price. Post by: Nagle on January 10, 2015, 09:13:04 PM Well, the price is back to where it was before Bitstamp went down - around $275-$280. Bitstamp being down only had a temporary effect.
The Paycoin debacle diverted some mining power from Bitcoin for a while, but that's over. (So is Paycoin, probably; it's dropped from $20 to $3, despite GAW's claim that they were going to support the market. Paycoin seems to have been just a pump and dump.) The $300 support level for Bitcoin has been broken. It wasn't a dramatic event, just part of the long slide. Outlook: meh. Title: Re: Bitstamp being down didn't affect the price. Post by: Morecoin Freeman on January 10, 2015, 09:15:02 PM Almost every altcoin has been and will be a pump and dump.
Only legitimate altcoin is Darkcoin. Title: Re: Bitstamp being down didn't affect the price. Post by: piramida on January 10, 2015, 09:49:10 PM Only legitimate altcoin is crapcoin because that's a pump-n-dump I've participated in. FTFY Title: Re: Bitstamp being down didn't affect the price. Post by: poncho32 on January 10, 2015, 09:52:29 PM Well, the price is back to where it was before Bitstamp went down - around $275-$280. Bitstamp being down only had a temporary effect. The Paycoin debacle diverted some mining power from Bitcoin for a while, but that's over. (So is Paycoin, probably; it's dropped from $20 to $3, despite GAW's claim that they were going to support the market. Paycoin seems to have been just a pump and dump.) The $300 support level for Bitcoin has been broken. It wasn't a dramatic event, just part of the long slide. Outlook: meh. Do you have any idea how much the Paycoin dev made? Could dumping his stash be responsible for breaking Bitcoin's $300 support level? Title: Re: Bitstamp being down didn't affect the price. Post by: N12 on January 10, 2015, 10:14:39 PM I'm really getting to feel the 2011 flair with my old friends. :D
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