Bitcoin hacked? Cryptography broken? Banned US and EU? or everybody just crazy?

[dataMaestro]

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?

[dukeneptun]

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)

[Come-from-Beyond]

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.

[tins]

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?

[dukeneptun]

This is interesting.

https://blockchain.info/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

It is hashrate chart .

13.1.2015 there was 358.478.251 GH/s, 14.1 it fell to 229.513.534 GH/s and today it´s back at 345.363.222 GH/s.

I hope we do not face 51% attack from some major pool.

[flipstyle]

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.

[seriouscoin]

This is interesting.

https://blockchain.info/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

It is hashrate chart .

13.1.2015 there was 358.478.251 GH/s, 14.1 it fell to 229.513.534 GH/s and today it´s back at 345.363.222 GH/s.

I hope we do not face 51% attack from some major pool.

Do you even know how those network's "Hashrates" are derived from?

Because it seems you're just a clueless fcktard.

[amaclin]

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

[Labteck]

Bitcoin is broken.

[tokeweed]

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?

[kpitti]

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.

[amaclin]

...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.

[tokeweed]

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

[tokeweed]

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.

[Mjbmonetarymetals]

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.

[Lethn]

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.

[Mcqueen44]

Just shut that bad noize about Bitcoin. Too big companies and investors entered the game during 2013 year.

[Flashman]

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.

[solex]

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.

[Kazimir]

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.