in the meantime. 1 BTC = 380 USD

huge loss for many people.

it's already 380 USD.

many people are selling and they will sell more and more during the weekend...

tell that to those who are already losing a lot of money.

BTC lost 60 USD in few hours. it's a huge loss.

Well, his story + Cryptsy bankrupt = - 50 usd per 1 btc in few hours   

many people are losing a lot of money already and they will lose more if they won't sell.

if you won't sell your BTC now, what will you earn when it will go below 200?

So, sell now, take the profit and wait until BTC will be near 200.

very good point.

now, the BTC price is going down fast. if "you" won't sell, you will regret.

call it unregulated market, jungle.

there are such things in a regulated market as well but in an unregulated one?

BTC is a HIGH RISK investment. it's like you invest in a ponzy scheme and then you complain that someone took your money.

Well, you should have known Bitcoin is manipulated and there a huge risk to lose the money.

there are many real things. He is saying the truth, in fact

there is price manipulation, the BTC media is owned by the same investors who own the big exchangers and so on...


" Bitcoin has no future whilst it’s controlled by fewer than 10 people"....and many others.

BTC is already took over by few exchangers and mining companies(China). So, it;s the same

If you have BTC, sell it now and wait for better times.

Sell your Bitcoin now or you will have big losses.

it will be a show !  

millions lost by Cryptsy. the BTC price is going down +Mike Hearn ex Bitcoin developer story...a true story.


" Bitcoin has no future whilst it’s controlled by fewer than 10 people" VERY TRUE!

wouldn't you take a such job and to earn a lot of money?

I love that someone who worked as BTC dev. is admitting what I said since 2-3 years ago.

"a system completely controlled by just a handful of people".

These people are manipulating the price as they want. They own the biggest exchangers(as investors), mining firms and BTC media like Coindesk and others.

Do not believe? Search! You will be "amazed" of what you will find.

Do not say that BTC is decentralized because it's just an illusion.

a normal attitude. he cashed out the BTC and he is living the life. he tried to "make" something(more cash) and he did not succeed.
nobody cares about BTC future or similiar shitsy. The cash is the most important  

the next ones are Kraken, Coinsetter, US exchangers without financial license.

Remember that the China gov has banned all the financial companies to deal with transactions related with BTC. So, all the banks from China are banned to deal with exchangers or persons who wants to buy/sell BTC.

Is it not odd that China has the biggest volume? Also, is it not odd that OKCoin is the bigger exchanger when it's was proved(search on internet "Okcoin fake transactions") that OKCoin has fake transactions?
Of course, all the big exchangers have fake transactions. There is no doubt.

There will be no Bitcoin without these fake transactions. The people will not use an exchangers who has 100 transactions per day. It's a fact that too. They want to see millions transactions even they are fake.

There will be no new "investors" to put money in this game if an exchanger won't show them "hey, we have millions of transactions, look!". Anyway, these investors won't see any money back. It's an illusion.
Look to Coinbase. Do you think that this company survives with the fees they get from each transaction?

They have tens of people hired as staff all over USA; I think you can calculate how much is a decent salary in USA + taxes and so on. Remember,  that a good IT guy doesn't earn 3000 usd but much more.

Then it's coming the compliance dept(a lot of costs here too), rents for all the offices from USA where they have financial license, then lawyers (you cannot run a financial company with them), money for lobby, advertising, etc (many, many expenses).... They cannot cover them from what the company earns.

Also, the financial license costs A LOT(millions) per year. Coinbase survives because they find investors to pump up with money.Otherwise, they would be bankrupted.

the market manipulation is not good, dude

that means the ones who are going the price up, they can make the price to be down...and they can. it depends on their interest. the whole BTC market is manipulated by the big players as I said before. who are these players? few big exchangers and the miners. who are behind them? SAME "investors", same people.  Make your researches and don't be fooled by the BTC media who are buzzing all day long that BTC is a god.

BTC media like Coindesk is owned by(YES), the same people who are owning Bitstamp or Bitfinex or Okcoin and others

everybody from this industry wants to earn money. nobody is working voluntary. when it's about money, the interests are coming.

it's much safer to buy gold and to trade it like you do with BTC. The gold brokers are licensed, it's a regulated market . Be sure you won't have exchangers like BTC-e or Bitfinex(shady ones).

good point. anyway, the BTC-e's clients are out of their funds now...If the website won't be back tomorrow, it will start a new "Gox" rumor.

Keep in mind that the chinesse volumes are fake. Okcoin appears with over 60% from market and BTC China with 21% while the China gov has banned financial transactions that involve BTC since a year ago.The chinese banks should not deal with BTC exchangers like Okcoin and same with their clients.

i don't think there are many persons who are running a node from their home by using a PC or laptop