Bitcoin Forum

That has to suck right? So much effort and positive news, upwards really, holding strong and suddenly in a blink of an eye it crashes, caused again by another shitsite running away with the coins and it amazes me how many bitcoins they manage to gather.

Well might be a chance to buy again for a cheap price. In long term the price will go up. Just have to check the fundamentals for that.

It's the last bear trap

Well everyone seems to think it's a crash. Well it did drop about $20 in about 4 hours and I'm sure we've seen far worse than that. Probably it will recover quickly, probably it won't. Regardless, just look on the bright side. It will only get better as long as the fundamental is there. The Rakuten adopting bitcoin news seems to give me the hope.

Both people expecting moonshot and people expecting a crash must be ddisappointed. We are not there yet in a phase where volatility is high. For now we merely managed to reverse the down trend. This needs to be confirmed by the next correction. Thus no huge price swings to be expected atm.

Is the site shutdown the cause of the mini crash?

Have you seen earlier crashes? This one was pathetic in comparison... Haven't seen such a resilience in a long time. It's merely a correction, man... This happens all the time in healthy markets. But nice try :)

I hope to see these exchange closed very soon, the future is not "centralized" and we need a new type of exchange  peer-to-peer (the basic). Like the mercury "wallet" but it is still in the alpha version. I suggest you to read this thread :

- Exchanges: their way of using a fractional-reserve and generate inflation. (https://bitcointalk.org/index.php?topic=945881.0)

Aren't you advertising an exchange yourself in your signature? Well it's still very difficult to have a decentralised exchange for FIAT, since that is by definition centralised.

Well at least this means that our current bull run is a measured move and not like a short term bubble like the previous ones
Could pave the way for future bull runs

Once a previous ATH has been reached again, there will be a new bubble. I don't see any scenario where this is not going to happen, really... I guess this is just how Bitcoin works.

Yes , but I don't keep my "bitcoin" in any exchange. When I want to "exchange" some bitcoin for euros or dollars I send them on an exchange, sell them and request my FIAT money (fastly). I know that a lot of users are keeping a lot of bitcoins in the various exchange, and these people cry after an hack attack "stole" their bitcoins.

Yeah, of course you're right that keeping BTC on an exchange is the wrong thing to do, really. But exchanges also need to be safe for the time you're trading your coins. Also, a lot of speculators effectively *need* to have their coins ready to change hands.

LOL

redsn0w got caught red-handed! One of those people whose motto is "Do as I say, do Not do as I do!" Hypocrites!

Centralized exchanges and ponzis will stop when people stop giving them money.

I agree this looks very dark, this gradual increase was bitcoins only small chance to ever become something of true value.
I guess that ship has really sailed now. It's a sad day today..

Plonker.

Read please http://nodownloadzoneforum.net/public/style_emoticons/default/Asd.gif
Yes , but I don't keep my "bitcoin" in any exchange. When I want to "exchange" some bitcoin for euros or dollars I send them on an exchange, sell them and request my FIAT money (fastly). I know that a lot of users are keeping a lot of bitcoins in the various exchange, and these people cry after an hack attack "stole" their bitcoins.

I don't see any crash.

300+ down to 260+ is quite a drop.

Is hard to Bitcoin get a nice reputation for the society, and its harder if people keep scamming this way  :-\

If people keep running with the site's profits, they will give more negative trust points to bitcoin, and will be hard get new users because user will think "Bitcoin is just a big scam..."

200 to 300 is quite a big jump.

that being said I hope it hits 150 so I can buy in.

A lot of people are waiting the > 200 dollars, for buy but I don't think it will reach that price. Most probably it will not go under 230 dollars (by the end of month).

stolen coins will be dumped. thieves are weak hands. this is a good thing. the thieves will dump it down and the strong hands will buy them. then when btc hits 5k the thieves will commit seppukku.