The Bitcoin environment seems toxic right now... has it felt like this before?

[Z1#]

I felt it too. I think there's some anger about Gox, but Gox has highlighted flaws and wider issues in the bitcoin ecosystem. Not just security, but regulation, mining, privacy, the reliability of exchanges, wall street money....

And I think there's more critical thinking than there was when we were riding the escalator to $1200, blinded by the easy money, thinking we were god's gift to trading.

Everyone is starting to think about how to manage those issues and as a diverse community there's different perspectives. Ironically despite the ardent opinions, it's not members of the community that will shape many of the answers. it's in the hands of outside players like Wall St, and national governments. That fear and feeling of helplessness too is causing tension and frustration.

Exactly, I think your post is exactly what has happen. The easy ride is over, and some serious work needs to be done.

[QuestionAuthority]

The only thing that's happening is a cleansing of the original pack of scumbags that hopped on Bitcoin for a quick profit. They are slowly being weeded out through three letter agency investigations and by their own stupidity. It isn't nearly as bad now as it was in 2011 when every other thread was about, "Bitcoin only exists to buy drugs on Silk Road". I predict that within a year even more of the old guard will be gone. New and hopefully more honest characters will take their place. The Bitcoin landscape is looking more promising every day.

I do kind of miss Atlas, Matthew and BitcoinPorn though. They added a little spice to a mostly dry finance forum.

[CryptoPanda]

There seem to be a lot of new users that are into ignorance and stupidity

[teukon]

The Bitcoin environment was worse when Gox melted down twice in 2011.
MtGox was the only large exchange.
Almost every thread was about Gox this, debate about Gox that...You've been Goxed again...When will Gox re-open?
Gox needs to roll-back the trades after the hack..Gox cannot roll-back the trades......etc, etc.

BTC eventually lost over 90% of it's value.
What we have now is much better. 

Interestingly, this doesn't get mentioned much.  I wonder how many people are even aware that the term "goxed" comes from this time.  Here's one early use of the term.

I don't hack, I don't know how.
But after they Goxed me so many times I wish I took hacking classes.

[cryptoanarchist]

I think it has something to do with you being a noob. 

[ryanmnercer]

I think the biggest problem is the demise of Silk Road. People don't have the necessary tools to relax anymore.

haha

[analau]

And I think there's more critical thinking than there was when we were riding the escalator to $1200, blinded by the easy money, thinking we were god's gift to trading.

I think people are angy because the price didn't go up as wanted/expected.

[promojo]

What do you mean by toxic? The MtGox fiasco hit us pretty badly, so we're licking our wounds from that.

You should of assumed to never trust one company with storing your bitcoins temporarily or as a "safe wallet".

That is logic... Whoever did that - deserved to get BURNT!  *sssssss*

[ryanmnercer]

You should of assumed to never trust one company with storing your bitcoins temporarily or as a "safe wallet".

That is logic... Whoever did that - deserved to get BURNT!  *sssssss*

Agreed.

[pbj sammich]

I think it has something to do with you being a noob. 

[LiteCoinGuy]

The only thing I've noticed is an uptick in concern trolls recently.

yep, the opposite is correct: we have so much great news every day. all trolls should sell.

[Bit_Happy]

[withheld]

Is there a reason why you are deleting so many of your posts?
Do you do it manually, or did you use a script?

[inoob]

Perhaps it's just the forums, but I feel like there's a lot of negative vibes coming from BTC right now. 
I've following Bitcoin and mining for a while but never bothered with forums until recently.  Is this common amongst forum-goers or is it really just Bitcoin in general?

i would agree with your assessment. the BTC market lacks excitement right now. still reeling from the gx fiasco, that gave legs to other rumors, whether true or not.

it's gonna take some REALLY good news to get the momentum, it had in December, back.


i know some people will talk about similar drops in BTC happening last year, but the fact of the matter is more people are involved now. more emotion, and drama, and the swings are going to be bigger now.

[Ron~Popeil]

Maybe I am too optimistic, but I feel right now is the time to get in. I have been watching from the sidelines for a while thinking that $1200 was a bubble. When Mt Gox helped pop it I jumped in. I am kind of hoping the reduced price lowers the mining competition as well but only time will tell on that one.
 

[Bit_Happy]

Maybe I am too optimistic, but I feel right now is the time to get in. I have been watching from the sidelines for a while thinking that $1200 was a bubble. When Mt Gox helped pop it I jumped in. I am kind of hoping the reduced price lowers the mining competition as well but only time will tell on that one.
 

It is a great time to buy some BTC (and alts too), as long as you have more money ready for even lower prices (if/when those come)

[Ron~Popeil]

Maybe I am too optimistic, but I feel right now is the time to get in. I have been watching from the sidelines for a while thinking that $1200 was a bubble. When Mt Gox helped pop it I jumped in. I am kind of hoping the reduced price lowers the mining competition as well but only time will tell on that one.
 

It is a great time to buy some BTC (and alts too), as long as you have more money ready for even lower prices (if/when those come)

Yeah I am thinking maybe as low as $250-$300 before the recovery begins. The upside is that it will chase even more of the shady types out of Crypto altogether. Right now I am running a small miner and buying small amounts here and there. My first deposit in my wallet was a really cool moment. 

[BitOnyx]

Bitcoin get poisoned by mt.gox.

Once the stench goes away it should be fine.

[bananaControl]

What might kickstart Bitcoin again is if the EU implements the 10% confiscation of all bank accounts as proposed by the IMF. I read they were trying to get the implementing law done within the 2nd half of 2014. I haven't been following closely the "progress".

Is there anything in the new EU banking union deal that would allow that? Can anyone comment on this?

There would be blood in the streets if that were to happen, and I would be in the forefront with my pitchfork!

[BittBurger]

Yeah I am thinking maybe as low as $250-$300 before the recovery begins.  

People have been writing that exact sentence for the last 8 months.

If we didn't hit $250 after Gox failure, China "ban", Thailand "ban", Russia "ban", Shrem arrest, .......... we aren't going to hit $250 later.

Period.  Stop waiting to buy, and buy.

-B-

[Predatorian]

Well some negatives news came out, gox, ukrainian case, btc going down so im sure that's the reasons why people are more upset.
Now we need more good informations. Stay safe guys!