Topic: [2014-02-10] Disappointing week for Bitcoin (Read 1445 times)
And it's also a bad press period for bitcoin Embarrassed
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I am honestly a little relived that all of the issues at Mt. Gox are coming to the surface. For Bitcoin to be taken seriously we need to weed out the weaknesses. Silk Road was a problem. With it gone Bitcoin is better off. Mt. Gox was a problem. It if is gone hopefully better more professional exchanges will come along and just help Bitcoin grow that much more.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
Silk Road is up and running, but what was the problem with it? Bitcoin probably wouldn't be where it's at today without it. In fact, I heard about Bitcoin through the media coverage of Silk Road.
Bitcoin being used primarily for nefarious purposes taints it as being legitimate. I am sure the price it has reached was on the coattails of drugs and porn, but is that really a good thing? I believe that the world would be a much better place without drugs and pornography but I know many of you do not agree with that statement.
On the contrary. Is fiat currency tainted by all the guns and drugs you can buy with it or how the banks launder it easy? It's only considered tainted by ignorant fools and naysayers. For any currency to be a valid one you should be able to buy whatever you wish with it - 'good' or 'bad'.
I am honestly a little relived that all of the issues at Mt. Gox are coming to the surface. For Bitcoin to be taken seriously we need to weed out the weaknesses. Silk Road was a problem. With it gone Bitcoin is better off. Mt. Gox was a problem. It if is gone hopefully better more professional exchanges will come along and just help Bitcoin grow that much more.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
Silk Road is up and running, but what was the problem with it? Bitcoin probably wouldn't be where it's at today without it. In fact, I heard about Bitcoin through the media coverage of Silk Road.
Bitcoin being used primarily for nefarious purposes taints it as being legitimate. I am sure the price it has reached was on the coattails of drugs and porn, but is that really a good thing? I believe that the world would be a much better place without drugs and pornography but I know many of you do not agree with that statement.
Well , Visa doesn't care a bit about porn and they make a lot of money out of it. Nor is anybody criticizing them too openly for this.
I'm pretty sure bitcoin isn't primarily used for porn either , with only a few websites accepting it.
I am honestly a little relived that all of the issues at Mt. Gox are coming to the surface. For Bitcoin to be taken seriously we need to weed out the weaknesses. Silk Road was a problem. With it gone Bitcoin is better off. Mt. Gox was a problem. It if is gone hopefully better more professional exchanges will come along and just help Bitcoin grow that much more.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
Silk Road is up and running, but what was the problem with it? Bitcoin probably wouldn't be where it's at today without it. In fact, I heard about Bitcoin through the media coverage of Silk Road.
It was when silkroad was closed and DPR arrested.
Many feared that due to the rumors that only real world use for bitcoins is drug merchandise and with one of the leading websites closed and two others running away in panic the price will plummet to single digits in a bear&sheep stampede
I am honestly a little relived that all of the issues at Mt. Gox are coming to the surface. For Bitcoin to be taken seriously we need to weed out the weaknesses. Silk Road was a problem. With it gone Bitcoin is better off. Mt. Gox was a problem. It if is gone hopefully better more professional exchanges will come along and just help Bitcoin grow that much more.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
Silk Road is up and running, but what was the problem with it? Bitcoin probably wouldn't be where it's at today without it. In fact, I heard about Bitcoin through the media coverage of Silk Road.
Bitcoin being used primarily for nefarious purposes taints it as being legitimate. I am sure the price it has reached was on the coattails of drugs and porn, but is that really a good thing? I believe that the world would be a much better place without drugs and pornography but I know many of you do not agree with that statement.
Looking intensely at the statistics, a small fraction of Bitcoin was used for less that appropriate purposes. The primary value rise has been from international investors looking to buy in while the price is still low. I agree with estimates that state upwards of 95% of all current Bitcoiners use and see Bitcoin as a legitimate business transaction tool.
Also in other great news Bitcoin is not a publicly utilized device yet (domestically & globally speaking). As we see more legitimate purpose and acceptance of the wonderful technology that is Bitcoin (& cryptocurrency) the value will rise, and rise. Speculation will cause much less effect on BTC inherent values.
Current price fluctuations are really just a side-effect of some market manipulation, some speculation, and the essence of Bitcoin becoming a stronger, lively being. Being may be an overstatement but Bitcoin is certainly in its youth at this point.
Just growing pains. The future is very bright!
(watch in a few years when nations begin to convert their own currencies to cryptocurrency varieties).
lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR
and what could one say about Apple... let's just say the lost a customer for life!
https://coinreport.net/bitcoin-weekly-february9-2014/
and what could one say about Apple... let's just say the lost a customer for life!
https://coinreport.net/bitcoin-weekly-february9-2014/
I don't know where you live but here is barely Monday evening , and there is much more from this week to still unfold.
Just like the SR crash , this could easily turn into a bull stampede.
Absolutely. Folks are forgetting Bitcoin is relatively new technology. We are going to have some hiccups along the way. As well as pruning of the garbage... of which I would call MTGox at this point.
Unfortunately the folks that are selling are giving great opportunity to buy in at a very fair price. Considering if even 1% of the US used Bitcoin in trade on a normal basis the value would be closer to $2300-2500.
It will level out. And I do see a bull run soon enough.
I am honestly a little relived that all of the issues at Mt. Gox are coming to the surface. For Bitcoin to be taken seriously we need to weed out the weaknesses. Silk Road was a problem. With it gone Bitcoin is better off. Mt. Gox was a problem. It if is gone hopefully better more professional exchanges will come along and just help Bitcoin grow that much more.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
Silk Road is up and running, but what was the problem with it? Bitcoin probably wouldn't be where it's at today without it. In fact, I heard about Bitcoin through the media coverage of Silk Road.
Bitcoin being used primarily for nefarious purposes taints it as being legitimate. I am sure the price it has reached was on the coattails of drugs and porn, but is that really a good thing? I believe that the world would be a much better place without drugs and pornography but I know many of you do not agree with that statement.
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I am honestly a little relived that all of the issues at Mt. Gox are coming to the surface. For Bitcoin to be taken seriously we need to weed out the weaknesses. Silk Road was a problem. With it gone Bitcoin is better off. Mt. Gox was a problem. It if is gone hopefully better more professional exchanges will come along and just help Bitcoin grow that much more.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
Silk Road is up and running, but what was the problem with it? Bitcoin probably wouldn't be where it's at today without it. In fact, I heard about Bitcoin through the media coverage of Silk Road.
I am honestly a little relived that all of the issues at Mt. Gox are coming to the surface. For Bitcoin to be taken seriously we need to weed out the weaknesses. Silk Road was a problem. With it gone Bitcoin is better off. Mt. Gox was a problem. It if is gone hopefully better more professional exchanges will come along and just help Bitcoin grow that much more.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
It was all a matter of time. Of course I hope that most Bitcoin users do not lose trust in Bitcoin and that the funds and Bitcoins are returned at some point. That is the biggest issue in all of this.
@stompix
Ok, not very exact title of this thread, but article states:
Ok, not very exact title of this thread, but article states:
Quote
The week ending on February 9th, 2014 was not a great one in the world of bitcoin.
Ah , OK.
I never checked the date of the article itself. Usually articles get here the moment they are published so I didn't thought it could have been such a delay.
@stompix
Ok, not very exact title of this thread, but article states:
Ok, not very exact title of this thread, but article states:
Quote
The week ending on February 9th, 2014 was not a great one in the world of bitcoin.
lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR
...
But they did. ...
lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR
and what could one say about Apple... let's just say the lost a customer for life!
https://coinreport.net/bitcoin-weekly-february9-2014/
and what could one say about Apple... let's just say the lost a customer for life!
https://coinreport.net/bitcoin-weekly-february9-2014/
I don't know where you live but here is barely Monday evening , and there is much more from this week to still unfold.
Just like the SR crash , this could easily turn into a bull stampede.
Thread opened before mtgox announcement this morning.
For me it is like this:
Author Topic: [2014-02-10] Disappointing week for Bitcoin (Read 297 times)
Ripdon007
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[2014-02-10] Disappointing week for Bitcoin
Today at 08:10:29 AM
lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR
and what could one say about Apple... let's just say the lost a customer for life!
https://coinreport.net/bitcoin-weekly-february9-2014/
and what could one say about Apple... let's just say the lost a customer for life!
https://coinreport.net/bitcoin-weekly-february9-2014/
I don't know where you live but here is barely Monday evening , and there is much more from this week to still unfold.
Just like the SR crash , this could easily turn into a bull stampede.
Thread opened before mtgox announcement this morning.
Why is no one pointing its finger towards individuals like Max Keiser, which I think abuse the open source nature of software to create their own hype-coins and earn themselves millions on greedy "investors".
This clearly makes a lot of BTC curious potential users turn away from these new currencies. What is worse, a lot of people use VPN services just above ROI or even at loss to mine hoards of alt coins. This is clearly leaking the value out of system. I would not be surprised seeing BTC permanently at ~300-400 $ level in near future.
This clearly makes a lot of BTC curious potential users turn away from these new currencies. What is worse, a lot of people use VPN services just above ROI or even at loss to mine hoards of alt coins. This is clearly leaking the value out of system. I would not be surprised seeing BTC permanently at ~300-400 $ level in near future.
Because shitcoins can't be blamed for it.
If people mine and issue alt coins is because they are profitable , and if they are profitable it means people are willing to but them , spend btc on them.
You can't fight this kind of trend
lets face it.. it really has been not the best week for bitcoin.. mtgox is crumbling but i'm hoping they won't disappoint further in their upcoming PR
and what could one say about Apple... let's just say the lost a customer for life!
https://coinreport.net/bitcoin-weekly-february9-2014/
and what could one say about Apple... let's just say the lost a customer for life!
https://coinreport.net/bitcoin-weekly-february9-2014/
I don't know where you live but here is barely Monday evening , and there is much more from this week to still unfold.
Just like the SR crash , this could easily turn into a bull stampede.
Why is no one pointing its finger towards individuals like Max Keiser, which I think abuse the open source nature of software to create their own hype-coins and earn themselves millions on greedy "investors".
This clearly makes a lot of BTC curious potential users turn away from these new currencies. What is worse, a lot of people use VPN services just above ROI or even at loss to mine hoards of alt coins. This is clearly leaking the value out of system. I would not be surprised seeing BTC permanently at ~300-400 $ level in near future.
This clearly makes a lot of BTC curious potential users turn away from these new currencies. What is worse, a lot of people use VPN services just above ROI or even at loss to mine hoards of alt coins. This is clearly leaking the value out of system. I would not be surprised seeing BTC permanently at ~300-400 $ level in near future.
There are always going to be bumps in the road on a journey like this. I was almost expecting much more carnage and chaos with the Mt Gox announcement. It appears that one user just wanted to liquidate their holdings (potentially accumulated a many years ago for a pittance) and didn't care what price they were getting out at.
And a bad press period for bitcoin and its volatility will follow...
I'm not looking forward to all the naysayers, but hopefully it will've bounced back to a decent amount before they can publish their articles lol.
And a bad press period for bitcoin and its volatility will follow...
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