Attacks on gox and SR non-reversible

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: Ultraviolet on June 16, 2013, 12:24:08 PM

Public interest in Bitcoin falling off after the bubble is what has actually hurt the price. Whales can't keep it up via manipulation forever, nor is it profitable to their manipulation to do so. Eventually they run out of inventory and need the price to tank to rebuy. Welcome to a market driven almost entirely by speculation.

This is so 2011, we have a thriving economy, look at bitpay!!111 Grin

chufchuf

full member

Activity: 205

Merit: 100

Rubbish. we don't go about calling people that save dollars speculators. though to be fair, now that i think of it, we do call them morons

Ultraviolet

member

Activity: 84

Merit: 10

Public interest in Bitcoin falling off after the bubble is what has actually hurt the price. Whales can't keep it up via manipulation forever, nor is it profitable to their manipulation to do so. Eventually they run out of inventory and need the price to tank to rebuy. Welcome to a market driven almost entirely by speculation.

Ploo

full member

Activity: 125

Merit: 100

Quote from: Kaiji on June 16, 2013, 08:18:39 AM

It's sad that those who hacked exchanges with the hope of reducing the bitcoin price have no plan or method to raise the price sufficiently enough to profit from it. All they have done is cause damage to bitcoins in general. Its easier to damage something than it is to build it back up.

How do you know they're not making short sales?

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: Kaiji on June 16, 2013, 08:18:39 AM

It's sad that those who hacked exchanges with the hope of reducing the bitcoin price have no plan or method to raise the price sufficiently enough to profit from it. All they have done is cause damage to bitcoins in general. Its easier to damage something than it is to build it back up.

I beg to differ, I think they are squeezing all the small timers out.

KSV

sr. member

Activity: 398

Merit: 250

SVERIGES VIRTUELLA VALUTAVÄXLING

Quote from: Kaiji on June 16, 2013, 08:18:39 AM

It's sad that those who hacked exchanges with the hope of reducing the bitcoin price have no plan or method to raise the price sufficiently enough to profit from it. All they have done is cause damage to bitcoins in general. Its easier to damage something than it is to build it back up.

well to be fairly honest, all this noise hardly matters in the cosmic order of things

Kaiji

full member

Activity: 140

Merit: 100

Hoist the Colours

It's sad that those who hacked exchanges with the hope of reducing the bitcoin price have no plan or method to raise the price sufficiently enough to profit from it. All they have done is cause damage to bitcoins in general. Its easier to damage something than it is to build it back up.

Topic: Attacks on gox and SR non-reversible (Read 1044 times)