So many retards in that comments section , its great to see !
More tards = more opportunities.
When that comments section starts to look like this forum , start to worry .
Topic: the real reason btc is dropping (Read 2955 times)
its hard to panic buy if you dont have any fiat sitting on standby. i feel we wouldnt see such drastic swings if there were easier/faster ways to get fiat into the market.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
If gox loses the 75m lawsuite they will go bankrupt and btc will crash.
They're only making $250k a day profit..
They're only making $250k a day profit..
Everybody withdraw your money from gox just in case. It is easiest to move bitcoins to another exchange. Buy some bitcoins to get your money out before everybody else starts buying and the price skyrockets!
pedo allegations, 75 million courtcase, silkroad mia, alternative crypto currencies, late comers pissed off it's so expensive and thinking they've missed the boat so crying into their blogs and talking up acmecoin, every site to do with bitcoin or with bit in the url constantly ddosed etc etc
i bet all my bitcoins it doen't go under $50 in 2013 and it'll hit 150 probably at least 3 times. I doubt it'll hit 200 in 2013 but it might
i bet all my bitcoins it doen't go under $50 in 2013 and it'll hit 150 probably at least 3 times. I doubt it'll hit 200 in 2013 but it might
mtgox is pice of shit that is worthless and outdated btc-e is way better they dont hold your money like many people have lost it there what they say is due to security reasons and after you send all the paper work they still dont get back to you support is shit so viva la trollbox
not sure any1 heard of this.
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
gawker dot com -_- I'm surprised they didn't try to pin the blame on endemic patriarchal racism.
There was a steady downtrend for the last 3 days. I think we haven't seen the short term bottom yet.
So, your analysis is: The price will go down because the price has been going down? That seems like a pretty useless prediction to me, since it will never predict the end to a movement.
The trend showed that the crash MAY not have been solely due to the lawsuit.
The short term floor is just my opinion (probably coloured by greed) - lets see.
I actually believe I know what that reason is , and I'd like to talk about it at a later date.
yokosan, is that you?
Feels good man!
If gox loses the 75m lawsuite they will go bankrupt and btc will crash.
They're only making $250k a day profit..
They're only making $250k a day profit..
This is just a conspiracy act between 2 companies to lower the BTC price , so big people with big money can get it while its cheap.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
I'm inclined to agree with this. There's a lot of new VC interest in bitcoin but the price has been too high to buy in bulk. Much easier to tank the price with some bad news, but a ton of coins, then start announcing new projects to bring the price right back up.
A bogus lawsuit is a great way to drive the price down legally. I suspect the DDOS on Silk Road is part of the same strategy.
I agree on this one.
I suspect some ppl like the one by Avalon asic have looots of BTC (they sell asic for it) can dump and control market to their need, also they have need to sell a lot to pay the TSMC production...
This is just a conspiracy act between 2 companies to lower the BTC price , so big people with big money can get it while its cheap.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
I'm inclined to agree with this. There's a lot of new VC interest in bitcoin but the price has been too high to buy in bulk. Much easier to tank the price with some bad news, but a ton of coins, then start announcing new projects to bring the price right back up.
A bogus lawsuit is a great way to drive the price down legally. I suspect the DDOS on Silk Road is part of the same strategy.
This is just a conspiracy act between 2 companies to lower the BTC price , so big people with big money can get it while its cheap.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
GOX has too much power. Maybe would be better the lawsuit to prosper and Gox disappear so we get a better balance with more/better exchangers. The value of a coin cannot depend on one exchanger, indeed it shouldn't depend on any at all.
I actually believe I know what that reason is , and I'd like to talk about it at a later date.
not sure any1 heard of this.
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
Why would that drop the price of bitcoins?
think of bitcoins like a river. When the water is flowing it feeds all the plants on it's banks. But the out regions of land are dry and not fertile. Think of mtGox, Coinlab and other exchanges as irrigation systems. Thy help the water flow to places where it normally down not. The more irrigation you have the more land the water can make fertile. When there is a risk of an irrigation system being damaged or being removed all the crops in that area will die. That hurts the livelihood of the farmers there. It also hurts the trust that the irrigation system builders can keep the water flowing or in being able to repair.
In the end it just spooked traders and investors. In reality its a short term drop as it provides an opportunity for other exchanges to appear and take market share if Gox disappears. I'm not saying they will, I doubt it will happen, but there is a risk of it.
the price of btc lies in its relative liquidity compared to other alt-coin (read: mtgox). originality really has no value. when coinlab and mtgox joined force, price hiked to $250.
this is not to say btc will keep dropping, but i'd keep an eye.
Why would that drop the price of bitcoins?
this is not to say btc will keep dropping, but i'd keep an eye.
not sure any1 heard of this.
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656
Why would that drop the price of bitcoins?
This is just a conspiracy act between 2 companies to lower the BTC price , so big people with big money can get it while its cheap.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
How do you know that?
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
There was a steady downtrend for the last 3 days. I think we haven't seen the short term bottom yet.
So, your analysis is: The price will go down because the price has been going down? That seems like a pretty useless prediction to me, since it will never predict the end to a movement.
This is just a conspiracy act between 2 companies to lower the BTC price , so big people with big money can get it while its cheap.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
Coinlab can retract their law suit anytime. you just got GOX-ed if you believe everything the news said.
There was a steady downtrend for the last 3 days. I think we haven't seen the short term bottom yet.
Jump to: