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Topic: Bad Day for Bitcoin. Cryptsy finally admitted theft and Mike Hearn tells truth (Read 4417 times)

member
Activity: 98
Merit: 10
The only time Bitcoin has a bad day is when the price drops....


That's it. I'm completely disregarding everything else that you said up there as it doesn't make or break the blockchain at this point.
member
Activity: 112
Merit: 10
Another example of why to avoid keeping your money in others hands...

It sucks that things like this happen
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
You can read that there have been big losses/ thefts in Bitcoin again from an exchange (can we ever have any real security in Crypto?) Then one of the core Devs resigned because bitcoin obviously has got some big hurdles to overcome before it dies. Well personally because of the 2 of these I am down 15 bitcoins to start today. I have sold everything now and I am contemplating knocking crypto on the head for sure. I have lost far more money that I put into it. the bitcoin priice is going to go down devaluing any remaining physical coins I have left.
I am seriously annoyed by my stupidity to play with crypto so much.
Its a massive shame and a blow for bitcoin today. I hope everyone gets a chance to sell their remaining coins for a decent price.

For me I am fulfilling my current orders on physical bitcoins and then we will see where to go from there.

I need a new business me thinks
losing 15 bitcoin is not small matter,and i know what you feel,as i know that these two problem have made some people losing their minds,crptsy become socond mt gog,and bitcoin price really down,and also mike hearn tell something almost true,but lets keep trong and trust to bitcoin,i believe we ca raise up Smiley

Whether or not Cryptsy became second Mt Gox, but I would like to say that no one, at any cost, should put their coins at any exchange...
It has been told so many times before that none of your coins should be held on an exchange unless you are trading them, and you should redeem them once you are done with them...
legendary
Activity: 1456
Merit: 1004
You can read that there have been big losses/ thefts in Bitcoin again from an exchange (can we ever have any real security in Crypto?) Then one of the core Devs resigned because bitcoin obviously has got some big hurdles to overcome before it dies. Well personally because of the 2 of these I am down 15 bitcoins to start today. I have sold everything now and I am contemplating knocking crypto on the head for sure. I have lost far more money that I put into it. the bitcoin priice is going to go down devaluing any remaining physical coins I have left.
I am seriously annoyed by my stupidity to play with crypto so much.
Its a massive shame and a blow for bitcoin today. I hope everyone gets a chance to sell their remaining coins for a decent price.

For me I am fulfilling my current orders on physical bitcoins and then we will see where to go from there.

I need a new business me thinks
losing 15 bitcoin is not small matter,and i know what you feel,as i know that these two problem have made some people losing their minds,crptsy become socond mt gog,and bitcoin price really down,and also mike hearn tell something almost true,but lets keep trong and trust to bitcoin,i believe we ca raise up Smiley

there are many other high risk investments not only BTC. You can easily earn 15%-20% with a real investment company. Of course, you may lose too...it's the same as with BTC but you won't be robbed by a "smart ass" hipster called Mtgox or any other shitcoin exchanger and your "wallet" won't be hacked.
sr. member
Activity: 252
Merit: 250
You can read that there have been big losses/ thefts in Bitcoin again from an exchange (can we ever have any real security in Crypto?) Then one of the core Devs resigned because bitcoin obviously has got some big hurdles to overcome before it dies. Well personally because of the 2 of these I am down 15 bitcoins to start today. I have sold everything now and I am contemplating knocking crypto on the head for sure. I have lost far more money that I put into it. the bitcoin priice is going to go down devaluing any remaining physical coins I have left.
I am seriously annoyed by my stupidity to play with crypto so much.
Its a massive shame and a blow for bitcoin today. I hope everyone gets a chance to sell their remaining coins for a decent price.

For me I am fulfilling my current orders on physical bitcoins and then we will see where to go from there.

I need a new business me thinks
losing 15 bitcoin is not small matter,and i know what you feel,as i know that these two problem have made some people losing their minds,crptsy become socond mt gog,and bitcoin price really down,and also mike hearn tell something almost true,but lets keep trong and trust to bitcoin,i believe we ca raise up Smiley
hero member
Activity: 1092
Merit: 520
Well i don't think bitcoin is going anywhere, it defiantly has a purpose. The problem with bitcoin is not bitcoin its the users who are foolish enough not to protect their savings.

I agree bitcoin will stay but the price is gonna go down again and people will lose money again... I have told all my non informed friiends to sell also.. Luckily they still got a decent price.

Them friends are probably gona be pretty pissed at you when they find out you convinced them to sell on a dump just because you lost some coins, especially if the price rockets in the near future never mind long term.  My advice is to never give financial advise to friends and relatives unless you are a trained financial advisor
legendary
Activity: 2210
Merit: 1109
another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/

Bad news are like black holes, we never see the end.
I am waiting for the market to calm down a bit and then I will think on the next move. Now it's not the time to leave AFAIK.

Dropping like flies. Whats the best exchange to quickly get GBP please?

Yikes I would say kraken. I would hurry up while this price lasts..

I recommend Kraken too.

Price is floating around 338 euro now... not that great of a price drop the last 24 hours...
legendary
Activity: 1372
Merit: 1000
another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/

Bad news are like black holes, we never see the end.
I am waiting for the market to calm down a bit and then I will think on the next move. Now it's not the time to leave AFAIK.

Dropping like flies. Whats the best exchange to quickly get GBP please?

Yikes I would say kraken. I would hurry up while this price lasts..
newbie
Activity: 22
Merit: 0
another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/

Bad news are like black holes, we never see the end.
I am waiting for the market to calm down a bit and then I will think on the next move. Now it's not the time to leave AFAIK.

Dropping like flies. Whats the best exchange to quickly get GBP please?
legendary
Activity: 2310
Merit: 1422
another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/

Bad news are like black holes, we never see the end.
I am waiting for the market to calm down a bit and then I will think on the next move. Now it's not the time to leave AFAIK.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
another bad news for bitcoins ATM Robocoin ends bitcoin services
http://www.coindesk.com/robocoin-romit-ends-bitcoin-services/
legendary
Activity: 1372
Merit: 1000
ok guys.. here is the summary:

drama = price dump
drama= temporary
price dump=temporary

pricedump = temporary opportunity to buy up cheap coins..

after today i dont wont to read another post about people missing out on cheap coins. especially if their bitcointalk account was registered before january 2016. so if in a years time people didnt buy up in january 2016, then just dont make a post whinging about bitcoins price rise. this is your opportunity right now to get bitcoins at 10% discount off the 2 month average..

Its not just drama.

Hearn is revealing some sobering reality.

I would guess that Bitcoin price is going to
take a major slide until a scalability solution
is implemented.

Yes it is a buying opportunity but who knows
how long it will be until a new paradigm rises.


Not just, but it's mostly drama. Bitcoin Classic already has the support of a majority of the big mining pools and exchanges even before it actually started! Check out the supporters at https://www.bitcoinclassic.com/

Pretty sure the fork will come and it will be successful this time.

You know why it might succeed this time? These are the reasons :

1. Gavin saw the loophole --> The majority of the community wants smaller block size increases in some form.
2. Most people did not want the IP Blocking / Blacklisting features of the previous proposal. {This was removed now}
3. Most people did not like his partnership with Mike Hearn {He is making the same mistake again, with his new partnership with Long}

The strategy to take back the leadership and the control is to tweak the proposal for more people to find it acceptable. If he is successful in that, he will once again be in the

driver position and he can chose his passengers. He might even give his old pal, Mike Hearn a lift in his new car. Who wants to wager a bet on that?

30 % wiped off the price... I would really conduce selling people and waiting for a lower price if you sticking with bitcoin.. The block halving won't matter if it doesn't work
legendary
Activity: 1904
Merit: 1073
ok guys.. here is the summary:

drama = price dump
drama= temporary
price dump=temporary

pricedump = temporary opportunity to buy up cheap coins..

after today i dont wont to read another post about people missing out on cheap coins. especially if their bitcointalk account was registered before january 2016. so if in a years time people didnt buy up in january 2016, then just dont make a post whinging about bitcoins price rise. this is your opportunity right now to get bitcoins at 10% discount off the 2 month average..

Its not just drama.

Hearn is revealing some sobering reality.

I would guess that Bitcoin price is going to
take a major slide until a scalability solution
is implemented.

Yes it is a buying opportunity but who knows
how long it will be until a new paradigm rises.


Not just, but it's mostly drama. Bitcoin Classic already has the support of a majority of the big mining pools and exchanges even before it actually started! Check out the supporters at https://www.bitcoinclassic.com/

Pretty sure the fork will come and it will be successful this time.

You know why it might succeed this time? These are the reasons :

1. Gavin saw the loophole --> The majority of the community wants smaller block size increases in some form.
2. Most people did not want the IP Blocking / Blacklisting features of the previous proposal. {This was removed now}
3. Most people did not like his partnership with Mike Hearn {He is making the same mistake again, with his new partnership with Long}

The strategy to take back the leadership and the control is to tweak the proposal for more people to find it acceptable. If he is successful in that, he will once again be in the

driver position and he can chose his passengers. He might even give his old pal, Mike Hearn a lift in his new car. Who wants to wager a bet on that?
legendary
Activity: 1372
Merit: 1000
Sure Block halving is coming but that many months away and right now there are loads of issues to fix as he did make a good point. Also with the missing bitcoins from cryptsy well does this not 100% prove no one can trust exchanges anywhere? If thats the case why hold bitcoin over FIAT. It has no real benefits right now that overcome the severe financial risks for everyone.
legendary
Activity: 994
Merit: 1000
big companies claiming bitcoin stolen are just fake...

they just want to hide their crime...


Yes i also think same, they are only trying to get away with others coin without being investigated. They think their users as noob and will not understand their lie.
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
ok guys.. here is the summary:

drama = price dump
drama= temporary
price dump=temporary

pricedump = temporary opportunity to buy up cheap coins..

after today i dont wont to read another post about people missing out on cheap coins. especially if their bitcointalk account was registered before january 2016. so if in a years time people didnt buy up in january 2016, then just dont make a post whinging about bitcoins price rise. this is your opportunity right now to get bitcoins at 10% discount off the 2 month average..

Its not just drama.

Hearn is revealing some sobering reality.

I would guess that Bitcoin price is going to
take a major slide until a scalability solution
is implemented.

Yes it is a buying opportunity but who knows
how long it will be until a new paradigm rises.


Not just, but it's mostly drama. Bitcoin Classic already has the support of a majority of the big mining pools and exchanges even before it actually started! Check out the supporters at https://www.bitcoinclassic.com/

Pretty sure the fork will come and it will be successful this time.

I think this Hearn exit will then be a good catalyst to make the implementation
happen sooner.  I would expect an equal or greater surge to the upside when
that happens.

Even if you perceive it as drama because a solution is imminent,
you can't blame Mike Hearn for describing exactly why he's
fed up with Bitcoin...and if you are for Bitcoin Classic then
you agree with the only point that matters, which is that
we need to increase the blocksize limit asap, which is
the very thing Mike has been trying to do and has been
demonized for. 

I definitely don't agree with some of Mike Hearn's
authoritarian leaning statements but I find that
Greg Maxwell/Blockstream are doing far more harm
with their stonewalling.


legendary
Activity: 1526
Merit: 1001
ok guys.. here is the summary:

drama = price dump
drama= temporary
price dump=temporary

pricedump = temporary opportunity to buy up cheap coins..

after today i dont wont to read another post about people missing out on cheap coins. especially if their bitcointalk account was registered before january 2016. so if in a years time people didnt buy up in january 2016, then just dont make a post whinging about bitcoins price rise. this is your opportunity right now to get bitcoins at 10% discount off the 2 month average..

Its not just drama.

Hearn is revealing some sobering reality.

I would guess that Bitcoin price is going to
take a major slide until a scalability solution
is implemented.

Yes it is a buying opportunity but who knows
how long it will be until a new paradigm rises.


Not just, but it's mostly drama. Bitcoin Classic already has the support of a majority of the big mining pools and exchanges even before it actually started! Check out the supporters at https://www.bitcoinclassic.com/

Pretty sure the fork will come and it will be successful this time.
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
The most interesting thing is to watch the transactions and see if many people start to complain about the fees. I think any fee below $1 can be accepted but if the capacity have reached limitation then the fee will shoot up quickly

However, if the fee shoot up quickly, it indicated that the bitcoin is super hot, then maybe the price will also shoot up quickly. Imagine that you are rushing to buy some stocks and the broker tell you that now you have to pay a premium in fee to get this stock delivered to your portfolio, would this prevent you from purchasing it? Quite opposite, people will think that this stock must be super hot, the frenzy will be higher  Grin

Of course only the reality will tell

You still don't get it.

Higher fees won't make Bitcoin scale. 
hero member
Activity: 756
Merit: 500
I see the price has dropped again 10 usd. This will keep happening everything a new nation wakes up until it is below 200. It's a mass sell off based on the desperate selling and price reduction caused by the nation that has just gone to sleep..

Not a good day at all

Price drops have happened before and will happen again.  I can't remember what great investor said it but...with investments you should never look back.  You sold and that is what you felt was right so the price should not matter.  To me, continuing to talk about drops just contributes to rash behaviors  Wink
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
ok guys.. here is the summary:

drama = price dump
drama= temporary
price dump=temporary

pricedump = temporary opportunity to buy up cheap coins..

after today i dont wont to read another post about people missing out on cheap coins. especially if their bitcointalk account was registered before january 2016. so if in a years time people didnt buy up in january 2016, then just dont make a post whinging about bitcoins price rise. this is your opportunity right now to get bitcoins at 10% discount off the 2 month average..

Its not just drama.

Hearn is revealing some sobering reality.

I would guess that Bitcoin price is going to
take a major slide until a scalability solution
is implemented.

Yes it is a buying opportunity but who knows
how long it will be until a new paradigm rises.



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