Why?

[dmcurser]

im saying maybe clispe getting his hacked coins into cash. Maybe we should ask mtgox if it is any of these ppl that they lock there accounts.

[molecular]

I don't have a clue. Suprises the hell out of me.

Funny idea: bfl upgrades can't be payed in bitcoin... fiat only

[thebaron]

BFL is not that retarded to hold onto BTC for pre-orders.

[ElectricMucus]

BFL is not that retarded to hold onto BTC for pre-orders.

Who knows?
Also this sellof might give them the excuse they needed...

[king_pin]

BFL is not that retarded to hold onto BTC for pre-orders.

BFL is retarded

[damnek]

BFL is not that retarded to hold onto BTC for pre-orders.

It's actually bit-pay which takes care of that kind of business and the merchant just receives the hard $. There's an option with bit-pay to get paid in btc but I doubt that butterfly labs does that.

[Comodore]

Lol, there is no reason. Just some people are feared and so they sold. We are oversold. Even this kind of movements ends at some time.

Definitely, Cheap bitcoins! There is strong evidence that this is last chance before halving. Look at RSI. I hnow it is just a friday. But we are getting near end.

Bitcoin is strong idea. It will sustain.

[OgNasty]

BFL is not that retarded to hold onto BTC for pre-orders.

BTC was trading around $6 when BFL started accepting pre-orders.  Are you insinuating that BFL would have to have been retarded to accept bitcoins at $6 and then start selling them at $12?  I think maybe retarded doesn't mean what you think it means.

[alexanderanon]

We have no bitinstant debit card in the news. A preloadable debit card is bitcoin's only hope for any introduction into mainstream usage, while too many members of this forum make a big deal over something as silly as bitcoin taxi payments or vending machines.

Bitcoin price is inflated by irrational, Atlas-esque bulls who think bitcoin will succeed by proselytizing its merits to the masses. The notion that bitcoin will grow by getting our collective relatives' small businesses to all accept bitcoin is as delusional as canvassing for a presidential 3rd party.

We need to piggyback bitcoin's decentralized characteristics onto the popularity of a mainstream currency, thus acting as a medium between "real" currencies, so to speak. Only once this niche role is established can bitcoin hope to make the next leap as a self supporting currency. The Bitcoin Foundation and the pre-loadable debit card have been the only significant bitcoin news as of late, the rest is all noise.

How will another bitcoin-accepting small business with ZERO bitcoin transactions help bitcoin?
How will ASIC's that do nothing but further secure an already impenetrable network help bitcoin?
How will planting proselytizing media stories that reach only libertarians and techies help bitcoin?

[thebaron]

BFL is not that retarded to hold onto BTC for pre-orders.

BTC was trading around $6 when BFL started accepting pre-orders.  Are you insinuating that BFL would have to have been retarded to accept bitcoins at $6 and then start selling them at $12?  I think maybe retarded doesn't mean what you think it means.

OK Inigo.

I mean that they had every reason to cash them out. #1: Manufacturing funds. #2 Fluctuating Market.

[jborkl]

OMG! bitinstant back up!!

Everyone run!

[Richy_T]

We have no bitinstant debit card in the news. A preloadable debit card is bitcoin's only hope for any introduction into mainstream usage, while too many members of this forum make a big deal over something as silly as bitcoin taxi payments or vending machines.

Bitcoin price is inflated by irrational, Atlas-esque bulls who think bitcoin will succeed by proselytizing its merits to the masses. The notion that bitcoin will grow by getting our collective relatives' small businesses to all accept bitcoin is as delusional as canvassing for a presidential 3rd party.

We need to piggyback bitcoin's decentralized characteristics onto the popularity of a mainstream currency, thus acting as a medium between "real" currencies, so to speak. Only once this niche role is established can bitcoin hope to make the next leap as a self supporting currency. The Bitcoin Foundation and the pre-loadable debit card have been the only significant bitcoin news as of late, the rest is all noise.

How will another bitcoin-accepting small business with ZERO bitcoin transactions help bitcoin?
How will ASIC's that do nothing but further secure an already impenetrable network help bitcoin?
How will planting proselytizing media stories that reach only libertarians and techies help bitcoin?

Meh, I can remember when the web was a bunch of text with no images. Bitcoin is (in my opinion) pretty much inevitable now. There may be some false starts and some missteps but I don't think there's much need for anyone to be running around pushing things, just take advantages of opportunities as they occur and it will grow by itself. If it needed to be forced, it *deserves* to fail.

[molecular]

Meh, I can remember when the web was a bunch of text with no images. Bitcoin is (in my opinion) pretty much inevitable now. There may be some false starts and some missteps but I don't think there's much need for anyone to be running around pushing things, just take advantages of opportunities as they occur and it will grow by itself. If it needed to be forced, it *deserves* to fail.

+1. Just reread rick falkvinge "four drivers of bitcoin" or something similar, sit back and enjoy. (also: don't sell too much)

[alexanderanon]

We have no bitinstant debit card in the news. A preloadable debit card is bitcoin's only hope for any introduction into mainstream usage, while too many members of this forum make a big deal over something as silly as bitcoin taxi payments or vending machines.

Bitcoin price is inflated by irrational, Atlas-esque bulls who think bitcoin will succeed by proselytizing its merits to the masses. The notion that bitcoin will grow by getting our collective relatives' small businesses to all accept bitcoin is as delusional as canvassing for a presidential 3rd party.

We need to piggyback bitcoin's decentralized characteristics onto the popularity of a mainstream currency, thus acting as a medium between "real" currencies, so to speak. Only once this niche role is established can bitcoin hope to make the next leap as a self supporting currency. The Bitcoin Foundation and the pre-loadable debit card have been the only significant bitcoin news as of late, the rest is all noise.

How will another bitcoin-accepting small business with ZERO bitcoin transactions help bitcoin?
How will ASIC's that do nothing but further secure an already impenetrable network help bitcoin?
How will planting proselytizing media stories that reach only libertarians and techies help bitcoin?

Meh, I can remember when the web was a bunch of text with no images. Bitcoin is (in my opinion) pretty much inevitable now. There may be some false starts and some missteps but I don't think there's much need for anyone to be running around pushing things, just take advantages of opportunities as they occur and it will grow by itself. If it needed to be forced, it *deserves* to fail.

I'm not saying that anything should be forced, only that those innovative energies of the bitcoin community should be focused on that which is most essential. Promoting bitcoin in its present form as a currency is, in my opinion, a complete waste of time. If we intend to grow the bitcoin economy, we need greater interactivity with the real economy, with innovations that promote seamless osmosis with those real currencies. Trying to defy and ignore the real economy with bitcoin-as-currency innovations like in-person phone payments is doomed to fail until there is a sufficient base of support and usage --- a foundation that can only be be brought about by promoting bitcoin as a protocol, as a tool for the dollar, euro, etc.

Two example innovations I can think of that fit this bill would be:

1. Pre-loadable debit card that holds value in bitcoins until sale is made, at which point an instant dollar/euro conversion is made.
2. Micropayment protocol that enables users to tip content with bitcoins in a format easier than copy-paste lengthy alphanumeric address.

[nobbynobbynoob]

+1. Just reread rick falkvinge "four drivers of bitcoin" or something similar, sit back and enjoy. (also: don't sell too much)

Falkvinge's speech at last year's Bitcoin conference was stupendous.

As for not selling, I only sold a small quantity at GBP 6,90 to pay for a Mt Gox Yubikey, otherwise it's buy buy baby! Trouble is, I'm short of fiat right now so that's going to have to wait for a bit...

[molecular]

Why are we in the middle of a massive sell-off?

why do you think it's the middle? could be the end or the beginning...

[Richy_T]

 don't sell too much

Sell? I'm looking to buy.

[molecular]

there's so many possibly "reasons"... maybe they just all add up... add some panic and voilà: le plunge.

[Yuhfhrh]

there's so many possibly "reasons"... maybe they just all add up... add some panic and voilà: le plunge.

QFT

[johnwhitestar]

From my point of view there is not BTC market any more.
You can't invest bitcoins since there is no market, so the only way to make money is the dump and pump.