Topic: Bitstamp being down didn't affect the price. (Read 540 times)
I'm really getting to feel the 2011 flair with my old friends.
Well, the price is back to where it was before Bitstamp went down - around $275-$280. Bitstamp being down only had a temporary effect.
The Paycoin debacle diverted some mining power from Bitcoin for a while, but that's over. (So is Paycoin, probably; it's dropped from $20 to $3, despite GAW's claim that they were going to support the market. Paycoin seems to have been just a pump and dump.)
The $300 support level for Bitcoin has been broken. It wasn't a dramatic event, just part of the long slide.
Outlook: meh.
The Paycoin debacle diverted some mining power from Bitcoin for a while, but that's over. (So is Paycoin, probably; it's dropped from $20 to $3, despite GAW's claim that they were going to support the market. Paycoin seems to have been just a pump and dump.)
The $300 support level for Bitcoin has been broken. It wasn't a dramatic event, just part of the long slide.
Outlook: meh.
Do you have any idea how much the Paycoin dev made? Could dumping his stash be responsible for breaking Bitcoin's $300 support level?
Only legitimate altcoin is crapcoin because that's a pump-n-dump I've participated in.
FTFY
Almost every altcoin has been and will be a pump and dump.
Only legitimate altcoin is Darkcoin.
Only legitimate altcoin is Darkcoin.
Well, the price is back to where it was before Bitstamp went down - around $275-$280. Bitstamp being down only had a temporary effect.
The Paycoin debacle diverted some mining power from Bitcoin for a while, but that's over. (So is Paycoin, probably; it's dropped from $20 to $3, despite GAW's claim that they were going to support the market. Paycoin seems to have been just a pump and dump.)
The $300 support level for Bitcoin has been broken. It wasn't a dramatic event, just part of the long slide.
Outlook: meh.
The Paycoin debacle diverted some mining power from Bitcoin for a while, but that's over. (So is Paycoin, probably; it's dropped from $20 to $3, despite GAW's claim that they were going to support the market. Paycoin seems to have been just a pump and dump.)
The $300 support level for Bitcoin has been broken. It wasn't a dramatic event, just part of the long slide.
Outlook: meh.
Jump to: