dataMaestro
Newbie
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Activity: 33
Merit: 0
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January 14, 2015, 10:40:38 PM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Pent-up frustration with btc's lack of progress on adoption/innovation/stability?
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dukeneptun
Legendary
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Activity: 1064
Merit: 1000
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January 14, 2015, 10:47:28 PM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
The rational is the high inflation - the crash is fully expected and 100% rational. The people calling this back in November/December have been called names and labeled 'trolls'. You've been on the forum for a month. It's about perspective. We are still in the early stages on Bitcoin and inflation is necessary in the beginning. A decade from now (after a couple of halvings), people are going to wish they were around in 2015 (and earlier). +1 We´ll see on december 2015. I´m buying right now. Bottom must be reached in the matter of hours. Volume on btcchina 250.000 BTC. Total output volume on blochchain is 2.5M BTC. (today)
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1010
Newbie
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January 14, 2015, 10:54:44 PM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you.
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tins
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January 14, 2015, 10:56:37 PM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you. Can you please explain this to me as if I were a 7 year old?
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flipstyle
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January 15, 2015, 01:02:26 AM |
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I hope we do not face 51% attack from some major pool.
These 'ultra secure' cryptos are only secure until the ones who protect the network (miners) stop dropping out in troves... Oh wait.
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seriouscoin
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January 15, 2015, 07:32:17 AM |
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Do you even know how those network's "Hashrates" are derived from? Because it seems you're just a clueless fcktard.
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amaclin
Legendary
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Activity: 1260
Merit: 1019
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January 15, 2015, 07:48:01 AM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you. Simple. There will be 50% of power - not suitable for mining - switched off - at zero cost - ready for doublespending attack
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Labteck
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January 15, 2015, 08:16:16 AM |
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Bitcoin is broken.
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tokeweed
Legendary
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Activity: 4102
Merit: 1458
Life, Love and Laughter...
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January 15, 2015, 08:26:04 AM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
crashes happen in markets from time to time. it happens at the nyse, ftse, tokyo, hongkong.. etc.. what makes crypto markets different?
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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kpitti
Legendary
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Activity: 924
Merit: 1002
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January 15, 2015, 08:27:03 AM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you. Simple. There will be 50% of power - not suitable for mining - switched off - at zero cost - ready for doublespending attack I understand that mechanism, but I do not get reason for double attack. What will be benefit, the trust in the system will destroy whole value.
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amaclin
Legendary
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Activity: 1260
Merit: 1019
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January 15, 2015, 08:30:16 AM |
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...but I do not get reason for double attack... The reason is dollars. Nobody cares about the value of bitcoin anything when he is able to make profit in dollars.
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tokeweed
Legendary
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Activity: 4102
Merit: 1458
Life, Love and Laughter...
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January 15, 2015, 08:31:59 AM |
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Big hodlers getting out of the market and maybe a reverse willy bot acting somewhere.
Or maybe Bitstamp is doing it to avenge the hack, so the hacker will get less money in the end.
or maybe bitstamp doing it to make it easier to pay back the stolen BTC. . j/k
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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tokeweed
Legendary
Offline
Activity: 4102
Merit: 1458
Life, Love and Laughter...
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January 15, 2015, 08:36:28 AM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
The rational is the high inflation - the crash is fully expected and 100% rational. The people calling this back in November/December have been called names and labeled 'trolls'. You've been on the forum for a month. It's about perspective. We are still in the early stages on Bitcoin and inflation is necessary in the beginning. A decade from now (after a couple of halvings), people are going to wish they were around in 2015 (and earlier). dont worry, he's just trolling.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Mjbmonetarymetals
Legendary
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Activity: 1096
Merit: 1067
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January 15, 2015, 08:44:11 AM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
China thinks David cameron and NY are going to ban Bitcoin shortly.
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Bitrated user: Mick.
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Lethn
Legendary
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Activity: 1540
Merit: 1000
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January 15, 2015, 09:41:11 AM Last edit: January 15, 2015, 09:53:09 AM by Lethn |
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Yep, it's all mass hysteria, no one really has any proof for the bullshit they're peddling, I suspect some of them are just trying to take advantage of the Bitstamp hacking, the others just don't know any better.
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Mcqueen44
Newbie
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Activity: 35
Merit: 0
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January 15, 2015, 07:11:09 PM |
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Just shut that bad noize about Bitcoin. Too big companies and investors entered the game during 2013 year.
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Flashman
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January 15, 2015, 07:13:20 PM |
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China thinks David cameron and NY are going to ban Bitcoin shortly.
There's some noise about UK banning all crypto, ALL crypto, not just coins. "It's only for terrists" etc.
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TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
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solex
Legendary
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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January 15, 2015, 07:53:27 PM |
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you. Can you please explain this to me as if I were a 7 year old? Translation: CFB wants you to buy NXT as it's a PoS coin.
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Kazimir (OP)
Legendary
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Activity: 1176
Merit: 1011
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January 15, 2015, 09:57:18 PM |
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crashes happen in markets from time to time. it happens at the nyse, ftse, tokyo, hongkong.. etc.. what makes crypto markets different? So essentially you're saying: just like other markets, the only rationale here is the lack of rationale amongst people. Hence the occasional crash with no legit reason in particular.
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