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thats not the biggest robbery in bitcoin history! what about the Sheep Marketplace which ran off with $150 MILLION worth of coins?!
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the foundation is a joke and should be shut down - there's your consensus
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more regulation lol just what bitcoin needs ...
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this is of course total bullshit
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Something fishy is going on right now
The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp! |
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I call bullshit. This guy Adam is obviously just pumping the price becaus he owns Bitcoins ..
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What gives Bitcoin its value?
Supply and demand?
Surely, as more merchants accept Bitcoin, more bitcoin gets sold for $$ driving the price down. The lower the price, the more people will panic and sell their BTC or trade it for goods, thus reinforcing the cycle.
I am getting to the point now where I am so tempted to sell my own BTC. I don't normally waver on things like this, I believed Bitcoin had a bright future, but my belief is shaken now.
I can't see anything in the near future that will increase the demand side of the equation....
Ostensibly, supply and demand. Reality: market manipulation by illegal trading by BitStamp and BTC-E |
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well, whomever hacked them should have no trouble laundering them. Most bitcoin laundry services (mine included) don't care where the coins came from
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Charles Schumer should be on trial here , not Ross Ulbricht. He's the real criminal
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Might be the effect of big merchants dumping coin as well...
big merchants dont hold coin .. they use Bitstamp or CoinBase to convert bitcoin payments to USD instantly. Even Overstock only keeps 10% of the bitcoin it receives as Bitcoin, cashing out the rest as USD |
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Or hostile gov't regulation
govt regulation is mostly viewed as favorabl, legitimizing the currency corporations love regulation because it increases barriers to entry for their competitors |
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If u notice carefully, while bitstamp was locked, price was rising. Because, liquidity got frozen. This was the liquidity of a trusted exchange. As soon as they are back, price is falling again.
p.s. In bitcoin, liquidity follows trust.
very valid insight, thank you |
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The real reason is obvious! 800,000 coins stolen by MtGox are being slowly and carefully dumped on the open market, driving down the price.
The flooding of the market by the Goxxed coins will probably continue to keep the price low until they are all absorbed by investors and consumers .. how long will that take? No one knows.
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they could easily launder those coins :-)
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the reason bitcoin could fail is that only nerds and drug dealers use it .. the mom and pops around the world don't give a fuck
even young people I talk to could care less about bitcoin .. they love their paypal and credit cards .. stupid little shits
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pretty soon you aint gonna be able to buy shit with bitcoin because it will be worth 0.01 USD
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Creating a 'bank' for bitcoin is a ridiculous idea .. the whole point of bitcoin to enable individual users to 'be their own bank'
duh
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I am pretty confident we are NOT the new wealthy elite , based on the price of bitcoin recently!
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anyone who did business with SHREM has good reason to be afraid of the cops knocking on their door (or knocking down their door ..)
no doubt Charles is talking, talking, talking to the US Attorney about all his past business dealings.
Good luck folks!
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