CaVirtex is a joke unless you are the buy and hold type.  Fee for everything, ridiculous hold policy plus the fees are huge!

Never heard of Morrex, just created an account - the order book doesn't load properly in Chrome (stuck with the "Please wait while fetching" message).  I haven't try other browser yet.

QCX is probably the best option right now.

18000 BTC is not chump change - how many days of trading it takes to recover the loss?

Secondly, people will lose confidence and go to other exchanges and their market share isn't that big to begin with.

Other than doing something very drastic like no fee or 0.05% fee, I see them be relegated into irrelevance.

A brave soul, taking on an significantly added level of risk

never had issues with these guys - except their FEES and hold policy

good old days is the days when gox ruled!!!

I guess people see that coins are stolen and sell in anticipation of a dump by the thief.

there's a little bit of buying today - very little

I had been extremely disappointed with FRR throughout - for those who wants to say market knows best; I have only this story to offer - when LTC lending was first added, the FRR was 0% and people are stilling will to lend, at 0% - completely irrational!!!!!

I picked up on that issue and actually emailed Ralphy to say this is absolutely wrong and some kind of floor should be setup if there are no actual reference possible due to lack of fixed rate loan.  He instituted the 2% rate annually, which works out to 0.0055%, and look at LTC's FRR rate - it has been hovering around that mark with a couple of extremely short spike ever since - talking about efficient market / market knows best / no artificial wall here!

For those who say it's the 'dummies' problem to be willing to lend at 0% - yeah, obviously, they 'suffer' but they drag everyone down with it!  The plain refusal to recognize the FRR is an artificial wall that hurts almost everyone - yeah, BFX included, left me speechless.

Anyway, it is what is.

bitstamp is no small exchange.  It occupies a small place in the bitcoin world - outside of the Chinese exchanges (where foreigners cannot really access with currency control); bitstamp is one of the larger exchanges.

I think now would be to speculate what happens when stamp comes back?  A massive dump?!

when did that happen?  maybe the latest correction is because they got hacked?

sorry to hear that, but a search in the forum will reveal a lot of horror stories about BTCJam.

admit-tingly, I learn my lessons the hardway when I started with bitcoin.

this smells like a Chinese led sell off - BTC prices in Chinese exchange trades at quite a discount

Then I guess it becomes a close end fund instead of traditional fund - people who wants to cash out needs to sell it on secondary market

If network hashrate drops by a small amount - then what you say is correct, if hashrate drops by 90% in an extremely short period of time, it'll take 140 days to confirm all the necessary blocks for the next diff adjustment.

To be honest, I think the killing off of mining capacity may kill bitcoin - if difficulty goes up 13% and price halves, this contract is pretty much worthless

if mining capacity drops sharply, confirmation may takes forever and kill bitcoin.

Last time it breached 300, it went to like 275 and swung back.  Given we are on a weekend, there maybe a delay.  See how people react on Monday.

only hope is that it makes one or 2 'big' jumps and then plateau.

mining is just so tough - even when your operator is 'legit' & 'honest'

after doing some math, the sell off actually kind of makes sense.  Currently, over 40% of the daily revenue went to cover the fees (dividend of 744 satoshi = $0.00232128 at $312), fee is $0.00163 (0.00232/0.00395 ~= 59%)

next jump of difficulty is estimated to be 13.3% (and still going up) - this would reduce next dividend by about 20%.

things look extremely bad if double digit difficulty jump becomes the norm again.

looks like the Chinese market is leading the sell off this time