Topic: Problems besides mtgox: - page 3. (Read 3573 times)

Outstanding work! It looks even worse than i thought. Is there a climax for uber-bear, cause i think i am one from now on.

22. LegitTA says another 30-50% drop about to come in.

Could this thread be declared as sticky. I think everyone especially new bitcoiners should be aware of those problems. Most of them even don´t know about Gox.
Do you claim copyrights on this or is it okay if i send this out to the newspapers and media?  

Problems besides mtgox:

There seems to be a very narrow minded focus on the forum lately about mtgox. People seem to think that if mtgox' issue was resolved, that bitcoin would go straight to the moon. Let me remind you there are other issues besides mtgox.

I'm not trying to say "sell everything" or "bitcoin crashing to hell" etc. I just want to divert the narrow discussions.

Here is a list I compiled. It might not even be complete. Feel free to add.

1. Final Capitulation
2. PBOC policies still stand in China and no new chinese capital has come suddenly flying in as of Jan 31st/Feb8.
3. Russian ban.
4. Cyprus issues a bank advisory (like China), which leads to at least the perception that btc-e is at serious risk.
5. India
6. Apple removed blockchain app from app store, and the implications that this has about corporate control of what the public eye sees.
7. Major exchanges were able to flashcrash to $100 (indicates weakness)
8. Flaws on Bitfinex have been exploited, traders on Bitfinex have lost money. The staff at Bitfinex showed themselves as bad at responding to issues and unfit to be running an exchange.
9. The exchanges have had large amounts of funds (millions) stolen from them which could lead to potential insolvency or unethical actions in the future (or at least more mistrust in exchanges).
10. A large loss in confidence and trustworthiness in the existing exchange system, for a variety of reasons.
11. The malleability bug and its lasting impact on public trust and confidence in the Bitcoin software even if it gets fixed.
12. Loss of trust in bitcoin foundation board members.
13. Large amounts of hacker coins, which will eventually be dumped for fiat.
14. FBI Silk Road coins (27K or 144K) entering the market (somehow).
15. Men in florida were arrested and received felony money laundering charges for using localbitcoins. Even if it was really due to credit card fraud, it makes the public scared of using LocalBitcoins and casts a bad light on government perception of Bitcoin.
16. Silk Road 2 closed its escrow service.
17. Gox started processing cash withdrawals, fiat is actually exiting the system, and many jaded investors are most likely actually leaving the economy altogether.
18. Btce halted fiat withdrawal.
19. The closure of btc withdrawals by major bitcoin exchanges. (resolved)
20. Major indicators on charts that turned down before the gox crash even began.
21. Gox