the 2011 correction was worse, dropping by about 94%. i wasn't around, but it's much more brutal looking than 2014 from looking at the chart.


this is totally over-exaggerated. gox didn't have 90% of BTC trading volume, lol! it's funny, every time i hear these claims about the dominance of gox, the % of global volume they supposedly had gets higher and higher.

they maybe had 90% of "western" trading volume (compared to bitstamp, btc-e). but i'm not sure about that either. gox was only averaging ~200k volume per week at the end of 2013! btc-china alone did more than half that volume, and i believe huobi was more prominent than BTCC at that time. and to me, it really felt like china was fueling the bubble, not gox. and this was years before the volumizer bots came around.

also, just compare gox's volume between april 2013 and november 2013. between those two bubbles, gox lost lots of volume to other exchanges. by 2014, there is no way in hell they controlled anywhere near 90% of the market! probably a good deal less than 50%.....

In a Bitcoin News exclusive, Bitcoin Venezuela founder Randy Brito reveals a wealth of ideas about how cryptocurrency can be used to combat the effects of extreme hyperinflation in Venezuela right now. He takes us on an insightful journey on the ground in the South American nation, uncovering deep skepticism from Venezuelans of both the Petro crypto token and an uncorrupted future for local cryptocurrency exchanges.



What is really happening in Venezuela?
Hyperinflation is hitting Venezuela hard, with consumer prices increasing 82,766% last month compared to July last year. What does this mean for the people of the country?

Randy described the scene in the streets as near chaos; workers desperately try to spend their wages as soon as they are paid on whatever they can find in the streets to store value, later trading their goods with others who have the products they need. People need to bring five bags of cash with them just to buy their weekly groceries. Yesterday, he said, with the new rates only one bank made their new ATM limits public at one million bolivars – nearly enough to buy one-third of a cup of coffee.

Enter Bitcoin
As Randy sees it, cryptocurrency could provide a solution to at least some of these problems: ”Bitcoin could be a common currency denomination… it already has an international market traded against currencies. Bitcoin could create frictionless trades.”

It is also a way of getting around bank transfer limits. As of yet, however, it is difficult to find vendors or service providers willing to accept cryptocurrency payments. This is predominantly because people do not understand how the payment methods work but many more issues surround adoption.

Too early for airdrops
The Bitcoin Venezuela humanitarian aid project began around two years ago, initially raising funds of around USD 200 per month in cryptocurrency. Randy is trying to increase this substantially now, as they are currently feeding over 2,000 Venezuelans a day in their soup kitchens. While he would like to send cryptocurrency directly on the ground to citizens, the current climate does not allow for that.

”People have old cheap phones because of the crime. That’s what is safe to take out on the streets,” he said, referencing the lack of proper tools people have to access cryptocurrency.

To read the full feature: https://bitcoinnews.com/inside-venezuela-no-trust-in-government-rejecting-petro-and-feeding-2000-daily/

I believe CZ said there is no price list, but I believe it could charge such a value for risky projects. While projects that prove to be safe and future and demand could be listed for free. Now, that power that certain exchanges have is something very bad for decentralization. Even more so in projects that have PoS. We need decentralized alternatives right away. That offer quality, speed, and anonymity for traders.

There's a lot of negative views about the market out there but this article shows us that things are not as grim as they seem and a bounce back is likely:

https://www.coindesk.com/breakdown-over-bitcoin-indicators-suggest-price-outlook-is-improving/

It won't, that's just some wishful thinking by the FUD crowd.

It is no wonder the SEC dropped the Winkelvoss twins application into the trash can, there are bigger players in the industry

and they will get "priority" treatment.    It is going to be a long wait for people until November.    I have a lot of mixed

emotions about this news... On the one hand, I want Bitcoin to go to the Moon, but on the other hand, I hate the fact that

fiat masters will come into the Bitcoin scene and all the damage that they will bring with them.