It is not the end, but with this ecosystem was surprising to continue!

[marketcoin2]

I am true believer that bitcoin and altcoins are the future. However,  they have many problems!

I think the trigger was the benanza move that coinbase.com and its trading partner pulled off 48 hours ago. But, they are many other reasons that any stock market trader can spot on entire bitcoin and altcoins ecosystem, for example:

1. They have a very weak infrastructure for trading, in some of trading website with high reviews, you can end up waiting hours before getting you money in or out! This is deadly in any trading platforms!
2. Many of people involved in tradings are having conflict of interests so their action hurts investors and are not unbiased!
3. Finally, you can not expect ordinary people, banks, and investor come in, while having an trading website with zero accountability, customer services and so many glitches. This is not a joke,yesterday 100 of billions wiped out of the market by the actions of a few people without any accountability such as people working at coinbase!

This is not the end for sure, rather than a reflecting moment to correct the course, however, it will be hard to convince ordinary people to trust it again for a long time without some sort of improvements.

[777asianinvasian]

What do you mean by wiped out? Like their was a hack and now 100 billion of funds are gone or that people have been cashing out last few days and that is a bad sign for the market? Not sure because if its the first that is god awful but if the second well that is free markets you can't choose how they function.

[marketcoin2]

What do you mean by wiped out? Like their was a hack and now 100 billion of funds are gone or that people have been cashing out last few days and that is a bad sign for the market? Not sure because if its the first that is god awful but if the second well that is free markets you can't choose how they function.

Can you the same for the 2008 crash?
wiped out means investor invest and then get screwed by actions of others is shady trades! Free market has many regulation t prevent from these kinda traded! what happen was wild west in action!

[aznboy84]

We all are true believers of the new technology, and there is nothing new with that. The only ones who are always panicking are the same guys who are worried about lossing a few dollars because of this dip.
If you are not prepared for this, just sell all your coins, no one is forcing you to hold.

[marketcoin2]

We all are true believers of the new technology, and there is nothing new with that. The only ones who are always panicking are the same guys who are worried about lossing a few dollars because of this dip.
If you are not prepared for this, just sell all your coins, no one is forcing you to hold.

I am not worried about a few hundreds dollars loss! But with this attitude, we can not expand! Is it hard to accept that they are many problem with the ecosystem! Why coinbase should freeze it is selling (just happened now)? At best, it is because of their weak infrastructures, at worse, they are preventing people from selling their coins because they will go down?