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Topic: A lot of bad news recently for bitcoin, IMO it is going to start to hurt. - page 3. (Read 4914 times)

sr. member
Activity: 476
Merit: 250
moOo
Quote
And you forgot the most boneheadd move of all: eliminating forum.bitcoin.org

I didnt want to encourage the price to fall any further. So far the destruction of forum.bitcoin.org has remained off the main stream bitcoin news.


and yeah the dollar has problems but these are predictable problems as mentioned. They are economic in nature. And for the most part the dollar is well established in our lives and people know that if you lose a wallet with all your dollars in it, that even if you get the wallet back, it is unlike you will get the dollars. People are used to it and the dollar doesnt have anyone it needs to win over as a viable investment currency(even if you think it is a poor investment)

Bitcoins is trying to win hearts and minds and it already has some things against it. It is technical. It is different. It is hard to explain well. It suffers greatly from all the people who too one glance and said pyramid scheme. It suffers extremely from misinformation. Like on the mtgox hack, people constantly say it was counterfeit coins. It wasnt.

I know our trials and tribulations are not that big in the grand scheme of things, but it will turn off people who are kinda shaky about bitcoin. And I do know many investors who were initially interested who now dont want anything to do with bitcoin.

legendary
Activity: 1106
Merit: 1001
People need to stop breathing and I will be happy.
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
People need to stop trading and prices will stagnate.
member
Activity: 112
Merit: 10
People need to stop buying and prices will decrease.
member
Activity: 145
Merit: 10
People need to stop selling and prices will increase.
legendary
Activity: 1022
Merit: 1001
Well so far today MtGox took a 50 cent hit and is struggling to recover.

Yea we're going to hit the $12 range again any time now...
hero member
Activity: 630
Merit: 500
Well so far today MtGox took a 50 cent hit and is struggling to recover.
newbie
Activity: 14
Merit: 0
Exactly, look at the dollar - S&P stated this morning that even after the debt ceiling is raised they will still downgrade US credit rating to AA. People are talking more and more about leaving the USD as the reserve currency. The EURO, well lets just say that's a whole sandbox of disaster. It's like kids spent a whole week building a sand city and then a 3 year old came in and went Godzilla on its ass.

Bitcoin is taking shit just like the rest.
full member
Activity: 168
Merit: 100
You make it sound as if other currencies don't have problems as well.
member
Activity: 145
Merit: 10
And you forgot the most boneheadd move of all: eliminating forum.bitcoin.org
+1 .. but it does indemnify bitcoin.org from legal issues.
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
And you forgot the most boneheadd move of all: eliminating forum.bitcoin.org
sr. member
Activity: 476
Merit: 250
moOo
Bitcoin is new and uncertain. With the new and uncertain can come great rewards or great failures, right now it is looking like the later is taking hold. So far we have seen

25k stolen
trojan wallet stealers.
MtGox hacked
dwolla reversing payments.
MtGox glitch sending price to million per coin.
MyBitcoin the largest online wallet service, MIA and no info what so ever and no way to contact the owner as yet.
The 3rd biggest exchange had 17,000 coins go poof. In the normal market even if something like this was to happen and their was no backups, you could get most peoples stocks back, it would just take time and research but with coins, they get destroyed and they are gone, no one can refind them later.


This is a lot for someone looking into bitcoin to handle.

So are you bullish or bearish now on the coin? How many more of these growing pains until it really effects the price? What can be done to help end amateur hour here?
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