- GHash reached over 51% and even more miners joining them, they are not cutting their hashrate as they promised, it doesn't matter even if they do cut the hashrate to 49% or whatsoever, they still have the possibility to reach / break 51% hashrate any time, same threat to bitcoin protocol, bitcoin now becomes GHash Coin
Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%.
The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about.
- FBI's SR Seized coins contain 2 parts: 1: 30k bitcoins in the Silkroad website wallet (selling in this month) 2: 144k bitcoins seized from Ross Ulbricht (SR admin), FBI did already get the password (the fbi agents are not using the Brute-force password way, but a hammer), the 144k bitcoins sell will be put on the market very soon
- Mtgox lost at least 800k bitcoins, another 200k bitcoins will be sold in Bankruptcy procedure very soon
- China ban, it means no more crazy buy from Chinese, it's all west play now
Let's sum up how many coins here:
(30+144+800+200) * 1000 = 1174,000 bitcoins
if one bitcoin worths $1000,
it means $1,174,000,000 dumps (not slowly small long time sells, but lasting dumps over 1 or 2 years, yes, 2015 & 2016)
neither expedia nor yahoo nor google can save the price, not even with Amazon, Ebay, Facebook, there are too many bitcoins, too many!
no matter how many companys join this "receive bitcoin & exchange to $$ immediately through bitpay/coinbase" or "receive bitcoin & exchange most of them to $$ immediately through bitpay/coinbase" won't work,
why should any big company pay the bitcoin debt(1174,000k bitcoins) and keeps bitcoins as their revenue (GHash Coin)? it means giving out the company finance/life to the GHash, can you imagine GHash controlled google & yahoo & amazon?
all of this bad news is crashing and will totally crash the market, $6xx is the top bubble, we are now going to break $500, $400 very fast, $300 until $1xx $xx $x, after that, if bitcoin is not dead or abandoned at that time, maybe we will have a chance to start over again from around $0.1
The moon $1000 bubble bursted long time ago, fell to $3xx, dead cat bounce to $8xx, we fell to $4xx, dead cat bounce to $6xx ... False "to da moon" hopes are around but at the end, the price will finally fall to $0.x
