Bad Day for Bitcoin. Cryptsy finally admitted theft and Mike Hearn tells truth

[gravitate]

ok guys.. here is the summary:

drama = price dump
drama= temporary
price dump=temporary

pricedump = temporary opportunity to buy up cheap coins..

after today i dont wont to read another post about people missing out on cheap coins. especially if their bitcointalk account was registered before january 2016. so if in a years time people didnt buy up in january 2016, then just dont make a post whinging about bitcoins price rise. this is your opportunity right now to get bitcoins at 10% discount off the 2 month average..

Its not just drama.

Hearn is revealing some sobering reality.

I would guess that Bitcoin price is going to
take a major slide until a scalability solution
is implemented.

Yes it is a buying opportunity but who knows
how long it will be until a new paradigm rises.

Not just, but it's mostly drama. Bitcoin Classic already has the support of a majority of the big mining pools and exchanges even before it actually started! Check out the supporters at https://www.bitcoinclassic.com/

Pretty sure the fork will come and it will be successful this time.

You know why it might succeed this time? These are the reasons :

1. Gavin saw the loophole --> The majority of the community wants smaller block size increases in some form.
2. Most people did not want the IP Blocking / Blacklisting features of the previous proposal. {This was removed now}
3. Most people did not like his partnership with Mike Hearn {He is making the same mistake again, with his new partnership with Long}

The strategy to take back the leadership and the control is to tweak the proposal for more people to find it acceptable. If he is successful in that, he will once again be in the

driver position and he can chose his passengers. He might even give his old pal, Mike Hearn a lift in his new car. Who wants to wager a bet on that?

30 % wiped off the price... I would really conduce selling people and waiting for a lower price if you sticking with bitcoin.. The block halving won't matter if it doesn't work

[BitcoinHunt3r]

another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/

[Karartma1]

another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/

Bad news are like black holes, we never see the end.
I am waiting for the market to calm down a bit and then I will think on the next move. Now it's not the time to leave AFAIK.

[sweetiepie]

another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/

Bad news are like black holes, we never see the end.
I am waiting for the market to calm down a bit and then I will think on the next move. Now it's not the time to leave AFAIK.

Dropping like flies. Whats the best exchange to quickly get GBP please?

[gravitate]

another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/

Bad news are like black holes, we never see the end.
I am waiting for the market to calm down a bit and then I will think on the next move. Now it's not the time to leave AFAIK.

Dropping like flies. Whats the best exchange to quickly get GBP please?

Yikes I would say kraken. I would hurry up while this price lasts..

[wttbs]

another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/

Bad news are like black holes, we never see the end.
I am waiting for the market to calm down a bit and then I will think on the next move. Now it's not the time to leave AFAIK.

Dropping like flies. Whats the best exchange to quickly get GBP please?

Yikes I would say kraken. I would hurry up while this price lasts..

I recommend Kraken too.

Price is floating around 338 euro now... not that great of a price drop the last 24 hours...

[calkob]

Well i don't think bitcoin is going anywhere, it defiantly has a purpose. The problem with bitcoin is not bitcoin its the users who are foolish enough not to protect their savings.

I agree bitcoin will stay but the price is gonna go down again and people will lose money again... I have told all my non informed friiends to sell also.. Luckily they still got a decent price.

Them friends are probably gona be pretty pissed at you when they find out you convinced them to sell on a dump just because you lost some coins, especially if the price rockets in the near future never mind long term.  My advice is to never give financial advise to friends and relatives unless you are a trained financial advisor

[elizabethqueen]

You can read that there have been big losses/ thefts in Bitcoin again from an exchange (can we ever have any real security in Crypto?) Then one of the core Devs resigned because bitcoin obviously has got some big hurdles to overcome before it dies. Well personally because of the 2 of these I am down 15 bitcoins to start today. I have sold everything now and I am contemplating knocking crypto on the head for sure. I have lost far more money that I put into it. the bitcoin priice is going to go down devaluing any remaining physical coins I have left.
I am seriously annoyed by my stupidity to play with crypto so much.
Its a massive shame and a blow for bitcoin today. I hope everyone gets a chance to sell their remaining coins for a decent price.

For me I am fulfilling my current orders on physical bitcoins and then we will see where to go from there.

I need a new business me thinks

losing 15 bitcoin is not small matter,and i know what you feel,as i know that these two problem have made some people losing their minds,crptsy become socond mt gog,and bitcoin price really down,and also mike hearn tell something almost true,but lets keep trong and trust to bitcoin,i believe we ca raise up

[mayax]

You can read that there have been big losses/ thefts in Bitcoin again from an exchange (can we ever have any real security in Crypto?) Then one of the core Devs resigned because bitcoin obviously has got some big hurdles to overcome before it dies. Well personally because of the 2 of these I am down 15 bitcoins to start today. I have sold everything now and I am contemplating knocking crypto on the head for sure. I have lost far more money that I put into it. the bitcoin priice is going to go down devaluing any remaining physical coins I have left.
I am seriously annoyed by my stupidity to play with crypto so much.
Its a massive shame and a blow for bitcoin today. I hope everyone gets a chance to sell their remaining coins for a decent price.

For me I am fulfilling my current orders on physical bitcoins and then we will see where to go from there.

I need a new business me thinks

losing 15 bitcoin is not small matter,and i know what you feel,as i know that these two problem have made some people losing their minds,crptsy become socond mt gog,and bitcoin price really down,and also mike hearn tell something almost true,but lets keep trong and trust to bitcoin,i believe we ca raise up

there are many other high risk investments not only BTC. You can easily earn 15%-20% with a real investment company. Of course, you may lose too...it's the same as with BTC but you won't be robbed by a "smart ass" hipster called Mtgox or any other shitcoin exchanger and your "wallet" won't be hacked.

[gkv9]

You can read that there have been big losses/ thefts in Bitcoin again from an exchange (can we ever have any real security in Crypto?) Then one of the core Devs resigned because bitcoin obviously has got some big hurdles to overcome before it dies. Well personally because of the 2 of these I am down 15 bitcoins to start today. I have sold everything now and I am contemplating knocking crypto on the head for sure. I have lost far more money that I put into it. the bitcoin priice is going to go down devaluing any remaining physical coins I have left.
I am seriously annoyed by my stupidity to play with crypto so much.
Its a massive shame and a blow for bitcoin today. I hope everyone gets a chance to sell their remaining coins for a decent price.

For me I am fulfilling my current orders on physical bitcoins and then we will see where to go from there.

I need a new business me thinks

losing 15 bitcoin is not small matter,and i know what you feel,as i know that these two problem have made some people losing their minds,crptsy become socond mt gog,and bitcoin price really down,and also mike hearn tell something almost true,but lets keep trong and trust to bitcoin,i believe we ca raise up

Whether or not Cryptsy became second Mt Gox, but I would like to say that no one, at any cost, should put their coins at any exchange...
It has been told so many times before that none of your coins should be held on an exchange unless you are trading them, and you should redeem them once you are done with them...

[Moneyburner]

Another example of why to avoid keeping your money in others hands...

It sucks that things like this happen

[PakistanHockeyfan]

The only time Bitcoin has a bad day is when the price drops....


That's it. I'm completely disregarding everything else that you said up there as it doesn't make or break the blockchain at this point.