Lets Discuss The Price Drop - Has Trade Hill Caused this? are they Giving Up?

[danishpride]

The price has been reasonably steady, until some recent events. Even MtGox Volume is Low. Something is causing price drop and low volumes.

Is it that Trade Hill has everyone's money and Bitcoin tied up? Do they really have every ones money?

What are their plans now expand and fix their problems or pack up and go home?

Is it something else? I'm worried about the deadly silence, as I have funds and BTC at all of the exchanges. A couple of people mentioned they're owed 40K, 50K, and other large amounts. What does everyone else think or know about what is going on here?

As said I trade Bitcoin daily and also Forex currencies, atm it looks safer to just trade currencies even though it's volatile you can follow the financial news and make some planned predictions.

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[yogi]

Bitcoinica is my prime suspect.

Everybody leveraged to the max, and then there was nowhere to go but down.

[danishpride]

Bitcoinica is my prime suspect.

Everybody leveraged to the max, and then there was nowhere to go but down.

Ok so that would Explain the MtGox volume you think?

Whats the story with Trade Hill though? I just read some where theyre just posting checks? what does this mean thats the end of them now?

[Kluge]

Bitcoinica is my prime suspect.

Everybody leveraged to the max, and then there was nowhere to go but down.

Ok so that would Explain the MtGox volume you think?

Whats the story with Trade Hill though? I just read some where theyre just posting checks? what does this mean thats the end of them now?

They had a bank freeze them. Checks are supposed to be processed now, and be in the users' account by the end of the today. Not ETA on Paxum/OKpay due to backlog according to their blog. AFAIK, they're planning on remaining open. Dunno if having those checks processed will make an impact today/tomorrow or not.

[danishpride]

How do you remain open posting checks out?

[deroyale]

Bitcoinica is my prime suspect.

Everybody leveraged to the max, and then there was nowhere to go but down.

interesting...

Are people shorting???

Hmmm....

"Crash J.P. M0rgan...   buy bitcoins!"