Introducing Hash's Law

[lemfuture]

the algorithm reference pof was kind of cheesy

[johnytelevision]

I don't even care about mtgox any more.

Now there is new problems, but we are going to deal with them.

[AT101ET]

Seems like your law didn't last long though.
No matter how strong a community we are, if China dumps, it'll automatically drive prices down. Think of it as an exchange rate. They dump, supply increases and people buy at lower prices. For the strong believers in bitcoin, they'd open their arms to a dump to pick up cheap coins as they genuinely believe it'll rise long term.

[blajde]

Seems like your law didn't last long though.
No matter how strong a community we are, if China dumps, it'll automatically drive prices down. Think of it as an exchange rate. They dump, supply increases and people buy at lower prices. For the strong believers in bitcoin, they'd open their arms to a dump to pick up cheap coins as they genuinely believe it'll rise long term.

It is still stable around 420 at the moment

[AT101ET]

Yes, but it went below $380 two days ago

[joesmoe2012]

hash's law = fail