Big crash

[syrusek]

What's going on? I checked http://coinmarketcap.com/ as always everyday and I see these prices, ltc 14$ bitcoin 550$ and still going down. Dafuq?

[XCASH]

I think it's because Russia has banned bitcoin.

[tygarbyte]

I think its because apple banned all the bitcoin apps

[Holdaaja]

620$ now.

[anderl]

I think it is because traders are bored and need to shake up the market to score a profit.

[coinerer]

At BTC-e it hit 300$ and returned to 630$. Yes, shaking the tree. We'll see who like BTC and who like to panic.

[instacalm]

MtGox hype

https://bitcointalk.org/index.php?topic=458074.0

https://www.mtgox.com/press_release_20140210.html

This is probably worse news than most of us expected. Not only are they not resuming withdrawls, they are claiming it is because of basic flaw in the bitcoin protocol.

If it's not true, it's still some really bad press.  

If it is true, then will hurt the confidence of BTC in the short-term, and the price of course.

This was posted below that the flaw has been discussed elsewhere recently:

https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg03890.html

[Sampey]

http://fiatleak.com/

China is buying 

[coinerer]

https://bitcointalk.org/index.php?topic=458074.0

https://www.mtgox.com/press_release_20140210.html

This is probably worse news than most of us expected. Not only are they not resuming withdrawls, they are claiming it is because of basic flaw in the bitcoin protocol.

If it's not true, it's still some really bad press.  

If it is true, then will hurt the confidence of BTC in the short-term, and the price of course.

This was posted below that the flaw has been discussed elsewhere recently:

https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg03890.html

Few days ago I have read about that type of error on one of the exchange (not MtGox). Guy made some of such type transactions and informed exchange. The problem solved at the exchange side. I can't find thread now.

[Undefeatable]

Its because of mtgox..

[atp1916]

[crazywack]

all cuz of the mtgox news, Russia, paypal  and apple. we will be back to 1k in a few weeks if not days... buy now

[hvezdasmrti]

The current crash seems to be gox inside job how to not pay cash back for coins. Just let the price crash and rebuy cheap bitcoins. Fraud.

Again - troubles only at gox
        - crash of the price as a result
        - false 3rd authority while the problem is just made by gox and not 3rd authorities

[duhosnyul]

It will go back next week.

[ifightformerkel]

I think this is like a bouncy ball, it go down to 500 and then all millinoär and big whales buying very very cheap, than its startet like a rocket and everyone will to jump on the cheap train and in one seconds the price is over 2000 dollar. 

[BrewCrewFan]

I am really thinking that what Gox said about the protocol is just fud and trying to do what it can to deflect any blame. There are TON of pissed off people right now that would probually fly over there and hang them in the public square for this. I can not imagine if it was a "basic" flaw that it would be left for so long.

Apple banning the app... yea whatever. WTF you gonna do, set up 10 apple mining rigs? I dont think you can just buy a simple apple minning rig lol. Outside of your main computer I dont see this really having much effect.

As for the Russia thing? Yeah smoke in mirrors... its RUSSIA...

Some people are gonna be rich. Buying at a low price, wow.....

[roslinpl]

I think it's because Russia has banned bitcoin.

you realy think that?
It is mostly because of Gox.

If you read forum you read it already for sure.

MtGox was suffering issues with withdraws, now they are back but they blame Bitcoin protocol for all that mess with their withdraws.

So here it is - a time, when panic people will panic so the price will go down. (a bit or more)

[BrewCrewFan]

I think it's because Russia has banned bitcoin.

you realy think that?
It is mostly because of Gox.

If you read forum you read it already for sure.

MtGox was suffering issues with withdraws, now they are back but they blame Bitcoin protocol for all that mess with their withdraws.

So here it is - a time, when panic people will panic so the price will go down. (a bit or more)

Isnt Gox using some type of modified thing for the block chain or something too? If that is the case, its them that broke their own shit and not BTC.

I dont see how Gox comes out on top of this anymore. I mean this wont totally kill them, but I can not see how they get people back after this.

[alyons]

Maybe it will spell more business for https://www.vaultofsatoshi.com, I like them more than Gox anyway.

[atp1916]

At least someone gets it.

http://siliconangle.com/blog/2014/02/10/bad-news-is-good-news-for-bitcoin/