Personally I would like to see the price reach a level where it is stable, not overbought or oversell and where the price don't fluctuate like crazy and it will encourage people to actually use bitcoin as a currency. And yeah, although 280 sounds bad, that does put on some hope if we try to look at it positively.

Nothing unusual for me but Localbitcoin works well for me thus far. If I don't feel secure about not seeing who I'm dealing with and whether I can trust the guy, I'll set up an appointment to meet up with him

I hope that is the case, if it is true will certainly bring bitcoin to the next level. I will wait for couple of months though to see whether there is a correlation.

Yeah, I saw it just a couple of while ago. Any ideas or speculation on where it might head to? If those are sold to interested parties who would hold on to it rather than dump it to open market, I guess it will not have any implication towards market price, right?

Nice article being written. When it comes to that, my main selling concerning my effort to promote bitcoin is basically by telling people how it can replace cross border transactions where you can move money fast and instantly from one place to another across the globe.

Ok I was wrong that the price was caused by the hacked bitcoin getting dumped but have anybody seen the movement just about 10 minutes ago? It was all green and now going to red with small amounts being transferred out portion by portion.

I would like to be a champion of equality in terms of wealth distribution but sadly there is no such thing in this world. The world that we live in, in reality rewards those that seek opportunities, took the risk, be early adopters, smart, innovative and like it or not that is how it goes. Nevertheless, rather than trying to focus on wealth distribution just concentrate on the technology and innovation and how we can use bitcoin to our advantage.

But if the hacker suddenly gains so much btc wouldn't it logical that they will find a way to immediately dump and sell it off regardless of the price? Which could also explains why the sudden drop. I don't know. On another note, I would also like to know the actual time that the hack happened and then look back at the graph to understand better.

Technically yes, it's less secure with electrum if we work on the calculations but the approach nowadays to hack and steal bitcoin would be more feasible by hackers to introduce malware or some other way to get the seeds by keylogging or other ways to extract the private key.

Wow...This was posted way back in November and I totally missed it. A nice crypto map indeed which basically sums up every altcoin there is. Since it was only 2 months after it was posted, I bet there were a lot more new coins now that makes it impossible to fit in everything to the map.

The price is in every way possible if bitcoin ever reach mainstream adoption. That is when it established itself as low-cost instant cross border payment method. While I don't reach that level of positive thinking (like what OP projected), I still keep my hopes alive that one day bitcoin will reach that stage. Just hope....

I won't contest the accuracy of the algorithm without understanding the rationale and how it arrives at the equation. So in order to find out whether it is true or not, I will use the time period between now and July (based on the graph information) to find it the pattern predicted is accurate or otherwise. If it does I won't hesitate to dump everything I have, to buy when it touches below 200usd which should occur sometime in early July. Let's see. I've already bookmarked this page.

I would wait for the signal before confirming that it has reach the bottom support level. Usually a double bottom pattern forming on the price chart will tell you this but despite everything, it is still not 100% accurate.

Well, although technically is possible but what if the fundamental on strong buying kicks in once you force the price down? Bitcoin will be too cheap which will attract buying and cause the price to go up again before the miners shuts off. Maybe we underestimated this factor.

At least when they disclose the amount, it shows that they are transparent. Hopefully they can recover back and continue to remain in operation.

That sounds like a phrase from the doge community.

Admire your desire to start off with mining. I always told myself to get involved in mining to contribute some hashrate but never did until today and most of my stash ended up being bought.

Anyway, welcome abroad to the forum.

Most of it are not reliable with some ended up not paying after you have hit the threshold payout level.
The best faucet for now is definitely https://freebitco.in/ but you might want to consider and ponder whether putting so much effort to timed your clicks to maximize the earnings is actually worth it.

So far nobody or representative from their side has released confirmed figure on how much has been lost. Just speculation for now. But if it is true, that 18000 would translate close to almost 5 million which I have doubt they will be able to stomach the loss.

To be safe, the likely signal when it has found bottom is when the price bounce off the same support level for at least twice. Pulling out my fund to buy btc for now. Seriously it's really difficult to predict what is going to happen next.

I like to believe that it was due to panic selling by investors to mitigate the size of their loss but looking on further...it's looks more to me like some automated bots doing all the selling.