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.
Topic: Bitcoin hacked? Cryptography broken? Banned US and EU? or everybody just crazy? - page 2. (Read 3341 times)
January 14, 2015, 06:54:44 PM
You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you.
January 14, 2015, 06:47:28 PM
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)
January 14, 2015, 06:40:38 PM
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?
January 14, 2015, 06:35:37 PM
Everybody is super crazy. It has been so long since we have reached these lows before.
January 14, 2015, 06:20:53 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Gavin has a good road map for scalability and is widely supported in his efforts by the community.
January 14, 2015, 06:16:54 PM
Is it even possible for Bitcoin to be hacked? Nodes could be compromised but nothing else as each node verifies the other.
its because of a mixture of the recent news the price is falling.
its because of a mixture of the recent news the price is falling.
January 14, 2015, 06:14:47 PM
Bitcoin has not been hacked. It is decentralized.
January 14, 2015, 05:13:42 PM
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).
January 14, 2015, 04:57:24 PM
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'.
January 14, 2015, 04:41:33 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Microsoft takes Bitcoin and increasingly many others.Bitcoin core has been modularized and improved code wise.
We have multiple implementations of Bitcoin core (like a true protocol, we had only BTC core back in 2013 fall/during that price hype)
Bitcoin is getting easier and easier to use - while staying safe.
Hardware wallets and multisig.
Gavin has a good road map for scalability and is widely supported in his efforts by the community.
Multiple strong exchanges.
Dark wallets coming/here.
Un-closeable P2P markets coming/here.
If traders think that Bitcoin was worth 1000$ each in 2013 and <300$ now I dare say they are demented.
All of these doesn't matter as long as Bitcoin has "Proof of Waste" mining, price can only go down without new money inflow.
January 14, 2015, 04:38:58 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Supply is bigger than demand! => Price goes down
This is a market. Does anyone really know why the stock market does what it does? Not really.
In the end, it will rebound if there is demand.
January 14, 2015, 03:37:26 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Ya... u missed something.
http://www.reddit.com/r/Bitcoin/comments/2sdwf8/butterfly_labs_is_the_culprit/
interesting read. to sum up: BFL has some 90k btc and has been order to make customers whole. to do sell, gotta sell, whatever the price.
at least that's what the poster on reddit proposes.
They can sell them off market. So that seems not true. There are brokers that can handle that.
January 14, 2015, 03:29:39 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Ya... u missed something.
http://www.reddit.com/r/Bitcoin/comments/2sdwf8/butterfly_labs_is_the_culprit/
interesting read. to sum up: BFL has some 90k btc and has been order to make customers whole. to do sell, gotta sell, whatever the price.
at least that's what the poster on reddit proposes.
January 14, 2015, 03:27:22 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Supply is bigger than demand! => Price goes down
January 14, 2015, 03:24:07 PM
i'm curious (and really damned confused) as well. what the hell is going on?
January 14, 2015, 02:20:01 PM
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.
this idea seems legit and really beneficial Or maybe Bitstamp is doing it to avenge the hack, so the hacker will get less money in the end.
January 14, 2015, 02:02:56 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Microsoft takes Bitcoin and increasingly many others.Bitcoin core has been modularized and improved code wise.
We have multiple implementations of Bitcoin core (like a true protocol, we had only BTC core back in 2013 fall/during that price hype)
Bitcoin is getting easier and easier to use - while staying safe.
Hardware wallets and multisig.
Gavin has a good road map for scalability and is widely supported in his efforts by the community.
Multiple strong exchanges.
Dark wallets coming/here.
Un-closeable P2P markets coming/here.
If traders think that Bitcoin was worth 1000$ each in 2013 and <300$ now I dare say they are demented.
You should stay away from drugs!
January 14, 2015, 01:58:38 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Ya... u missed something.
http://www.reddit.com/r/Bitcoin/comments/2sdwf8/butterfly_labs_is_the_culprit/
January 14, 2015, 01:56:10 PM
everybody is just stupid these days 
January 14, 2015, 01:55:11 PM
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something
Bitcoin is just not safe for privacy/anonymity/untraceability it has been proven https://bitcointalksearch.org/topic/m.10087332 so this is playing a major role but I don't think it's the main reason. Some hands are at play in price crash and it's coming imo from China!
Jump to: