This is just the beginning of the end.

[kwukduck]

-25% in 48 hours. No investment other than bitcoin will get rid of your money this fast!

With Mike Hearns revelation to the public the collapse has only started.
In the coming weeks more dirt will be revealed and the price can easily go down another 50-75%.
Remember Mikes blog is only now starting to gain attention. This is a small thing compared to what's coming.

[bernardk]

I see a lot of people suggesting it's a good time to buy.

How about everyone just takes a walk instead? No need to risk anything. Just get away from the computer sit next to the river and relax.

[coinzat]

Even with this big loss, it is not the other end yet. There is a long way before bitcoin reaches its end. Because there are a lot of buyers who will buy on 300$, 200$ and so on.

[The Sceptical Chymist]

Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

[kwukduck]

Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

[CoinCidental]

Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit....

[kwukduck]

Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit....

Sure.. when you run out of arguments or evidence, just call bullshit.
Hash power is down to 693 mln ghash/'s from 909mln ghash/s

[oblivi]

Mike Hearn revelation only reveals that the banksters are nervous as fuck about Bitcoin taking over, so they had to resort to this pathetic move. I hope people are buying all of this cheap coins before we are recovering in the next weeks. 0.12 coming soon with lots of improvements, sigwit and 2MB in april. Haters will commit suicide soon.

Let's remember who Mike Hearn is before FUDsters get too excited:
https://www.youtube.com/watch?v=DB9goUDBAR0

[syndria]

Reality im not being negative as im a bitcoin lover and i dont want bitcoin to come to an end but the reality is +100 of $ after a year or less but -100 of $ for just a day? Ow come on we really not sure if after this crash we can continue to recover

[Amph]

Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit....

Sure.. when you run out of arguments or evidence, just call bullshit.
Hash power is down to 693 mln ghash/'s from 909mln ghash/s

are you joking, gigahash? when the network is approaching 1 exa LOL, this must be the purest troll ever

that amount is utterly insignificant, it won't change a damn thing, it's like a very big farm, is shutting down 1 single s7 out of thousands

network is still around 800 peta total, no sign of dropping...

[kwukduck]

Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit....

Sure.. when you run out of arguments or evidence, just call bullshit.
Hash power is down to 693 mln ghash/'s from 909mln ghash/s

are you joking, gigahash? when the network is approaching 1 exa LOL, this must be the purest troll ever

that amount is utterly insignificant, it won't change a damn thing, it's like a very big farm, is shutting down 1 single s7 out of thousands

network is still around 800 peta total, no sign of dropping...

You're right, the mining power has recovered a bit. Question is for how long, with the price continuing to plummet I feel the only thing that can save is from this downward spiral is an upgrade to Bitcoin Core resolving the biggest issue at hand, the enormous backlog of unconfirmed transactions and scaling problem.

[AliceWonderMiscreations]

Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

It's a downward spiral. Already 30% of miners have shutdown their operation over this crash. Making the network significantly weaker and slower yet again.

Bitcoins scalability problem doesn't go away with 'oh it will be fine, the price will recover'. Besides an unfounded position it's also a selfish one not considering the potential of Bitcoin for this entire world. There is serious work that needs to be done for Bitcoin to survive.

Bullshit....

Sure.. when you run out of arguments or evidence, just call bullshit.
Hash power is down to 693 mln ghash/'s from 909mln ghash/s

are you joking, gigahash? when the network is approaching 1 exa LOL, this must be the purest troll ever

that amount is utterly insignificant, it won't change a damn thing, it's like a very big farm, is shutting down 1 single s7 out of thousands

network is still around 800 peta total, no sign of dropping...

You're right, the mining power has recovered a bit. Question is for how long, with the price continuing to plummet I feel the only thing that can save is from this downward spiral is an upgrade to Bitcoin Core resolving the biggest issue at hand, the enormous backlog of unconfirmed transactions and scaling problem.

What enormous backlog of unconfirmed transactions?

If there is an enormous backlog then I need to go to Vegas because I must be really lucky because transactions I send and receive go through in a timely manner...

[gadsie]

I just shorted bitcoin. Since I always have bad luck with investing i expect bitcoin to shoot up again soon, so no worries guys.

[iv4n]

Mike Hearn revelation only reveals that the banksters are nervous as fuck about Bitcoin taking over, so they had to resort to this pathetic move. I hope people are buying all of this cheap coins before we are recovering in the next weeks. 0.12 coming soon with lots of improvements, sigwit and 2MB in april. Haters will commit suicide soon.

Let's remember who Mike Hearn is before FUDsters get too excited:
https://www.youtube.com/watch?v=DB9goUDBAR0

I like when he say white majority wins after creating big mess. In this I believe, white man brings evil and chaos everywhere. I think we will survive this, and many more things. We just need to believe!

[UnknownUsername]

Wow, so many doomsday threads going on here.  I say that this is just a dip--a big one, but a dip nonetheless and I believe we'll rebound soon.  I could be totally wrong, we could be going to zero but I don't think so.

There are also alot of bitcoin to da moon thread but look what happened.. Still a slow decline.

[bitbaby]

What enormous backlog of unconfirmed transactions?

If there is an enormous backlog then I need to go to Vegas because I must be really lucky because transactions I send and receive go through in a timely manner...

I don't see any effect either, transactions are going fine. As far as price is concerned it is a little down but that doesn't mean that it will continue to go down, it might bounce back again tomorrow.

[helloeverybody]

So, so many weak hands. Well while you lot are panicking and getting rid off your bitcoins i just went out and bought some more . Why do people fall for this everytime?? Instead of running around screaming the worlds on fire why not buy some at this exceptinally cheap price and profit?  Either way this doesnt matter, all it means is more profit for me.

[gadsie]

I just shorted bitcoin. Since I always have bad luck with investing i expect bitcoin to shoot up again soon, so no worries guys.

Told you, its already going up. I have market control

[markj113]

As I stated in another thread -

Dont worry it gives the "Its the bottom, great buying opportunity, buy now or regret it!" guys some fresh ammo lol

Never get emotionally attached to an investment, know when its time to sell and dont get too greedy.

[Swordsoffreedom]

-25% in 48 hours. No investment other than bitcoin will get rid of your money this fast!

With Mike Hearns revelation to the public the collapse has only started.
In the coming weeks more dirt will be revealed and the price can easily go down another 50-75%.
Remember Mikes blog is only now starting to gain attention. This is a small thing compared to what's coming.

He-he need those weak hands out to get a nice payday
Let the fire burn for a bit longer then the market is irrational after all.