[2014-02-10] Disappointing week for Bitcoin

[Ripdon007]

lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR

and what could one say about Apple... let's just say the lost a customer for life!

https://coinreport.net/bitcoin-weekly-february9-2014/

[Frequency]

Bitcoin clearly is much to centralised in exchanges....

One or two leading exchanges getting in to some kind off trouble and cabooom 20% volatility that just doesn't work and isn't giving much trust to noobs.

More good news then ever and still enough coins in the markets for stabelprice, some bad news and gone it is.

Lets hope US gov. deceides to give licenses to some REAL businesspeople how can operate some new exchanges..

[guybrushthreepwood]

Bitcoin clearly is much to centralised in exchanges....

One or two leading exchanges getting in to some kind off trouble and cabooom 20% volitility that just doesn't work and isn't giving much trust to noobs.

Well the pricedrop has more to do with people panicking. One exchange, especially one as crappy as gox, shouldn't really matter.

[hilariousandco]

I'm sure it's going to get worse with further news from gox today.

[ujka]

And it's getting worse
https://bitcointalk.org/index.php?topic=458082.0

[hilariousandco]

And it's getting worse
https://bitcointalk.org/index.php?topic=458082.0

Seems irresponsible of gox to release this. People will only panic now. Seems like they're just trying to shift blame for their shitty service and problems.

[Sutters Mill]

Not only this, but Russia are at it again. Look at what it's done to the price!

[ujka]

  BTC-e was at $102 few minutes ago!

    Why, why, why did I cancel my bids at 120!  

[bryant.coleman]

BTC-e was at $102 few minutes ago!

    Why, why, why did I cancel my bids at 120!  

Are you kidding? Right now BTC-E prices at $617.

[ujka]

At 11:55
http://bitcoinwisdom.com/markets/btce/btcusd

[hilariousandco]

BTC-e was at $102 few minutes ago!

    Why, why, why did I cancel my bids at 120!  

Are you kidding? Right now BTC-E prices at $617.

Bizarrely it did go that low briefly.

[ujka]

And a bad press period for bitcoin and its volatility will follow...

[guybrushthreepwood]

And a bad press period for bitcoin and its volatility will follow...

I'm not looking forward to all the naysayers, but hopefully it will've bounced back to a decent amount before they can publish their articles lol.

[coinarch]

There are always going to be bumps in the road on a journey like this. I was almost expecting much more carnage and chaos with the Mt Gox announcement. It appears that one user just wanted to liquidate their holdings (potentially accumulated a many years ago for a pittance) and didn't care what price they were getting out at.

[CryptoBeggar]

Why is no one pointing its finger towards individuals like Max Keiser, which I think abuse the open source nature of software to create their own hype-coins and earn themselves millions on greedy "investors".

This clearly makes a lot of BTC curious potential users turn away from these new currencies. What is worse, a lot of people use VPN services just above ROI or even at loss to mine hoards of alt coins. This is clearly leaking the value out of system. I would not be surprised seeing BTC permanently at ~300-400 $ level in near future.

[stompix]

lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR

and what could one say about Apple... let's just say the lost a customer for life!

https://coinreport.net/bitcoin-weekly-february9-2014/

I don't know where you live but here is barely Monday evening , and there is much more from this week to still unfold.
Just like the SR crash , this could easily turn into a bull stampede.

[stompix]

Why is no one pointing its finger towards individuals like Max Keiser, which I think abuse the open source nature of software to create their own hype-coins and earn themselves millions on greedy "investors".

This clearly makes a lot of BTC curious potential users turn away from these new currencies. What is worse, a lot of people use VPN services just above ROI or even at loss to mine hoards of alt coins. This is clearly leaking the value out of system. I would not be surprised seeing BTC permanently at ~300-400 $ level in near future.

Because shitcoins can't be blamed for it.

If people mine and issue alt coins is because they are profitable , and if they are profitable it means people are willing to but them , spend btc on them.
You can't fight this kind of trend

[ujka]

lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR

and what could one say about Apple... let's just say the lost a customer for life!

https://coinreport.net/bitcoin-weekly-february9-2014/

I don't know where you live but here is barely Monday evening , and there is much more from this week to still unfold.
Just like the SR crash , this could easily turn into a bull stampede.

The week ending on Feb 9th was not a great one...

Thread opened before mtgox announcement this morning.

[stompix]

lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR

and what could one say about Apple... let's just say the lost a customer for life!

https://coinreport.net/bitcoin-weekly-february9-2014/

I don't know where you live but here is barely Monday evening , and there is much more from this week to still unfold.
Just like the SR crash , this could easily turn into a bull stampede.

The week ending on Feb 9th was not a great one...

Thread opened before mtgox announcement this morning.

For me it is like this:

Author    Topic: [2014-02-10] Disappointing week for Bitcoin  (Read 297 times)
Ripdon007
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[2014-02-10] Disappointing week for Bitcoin
Today at 08:10:29 AM

[ujka]

lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR
...

But they did.