Considering all things..
Market being taken over by superior altcoins.
Governments banning and regulating bitcoin.
Hack and scam after hack and scam.
Demand has never been so low. On bitstamp a 6k dump brings us instantly to $0! You read that right, the entire order book is 6k btc deep! (sure bring up bitfinex because bitstamp isn't big enoug, fine, you'll get 10k depth..)
From a few simple calculations we did yesterday there are around 200k stolen coins from the past year that have we haven't been able to confirm dumped on the market. That is a potential 200k dump incoming any moment! If one party starts dumping (if there are more, we suspect there is one big party behind most of the big hacks), others will immediately follow in order to not lose their profit, causing even more panic from other regular parties. Miners will call quits at double or single digits, the network stagnates, people panic, value remains $0.
This my friends is the near future of btc.
Get out of the ponzi while you can!
Market being taken over by superior altcoins.
Governments banning and regulating bitcoin.
Hack and scam after hack and scam.
Demand has never been so low. On bitstamp a 6k dump brings us instantly to $0! You read that right, the entire order book is 6k btc deep! (sure bring up bitfinex because bitstamp isn't big enoug, fine, you'll get 10k depth..)
From a few simple calculations we did yesterday there are around 200k stolen coins from the past year that have we haven't been able to confirm dumped on the market. That is a potential 200k dump incoming any moment! If one party starts dumping (if there are more, we suspect there is one big party behind most of the big hacks), others will immediately follow in order to not lose their profit, causing even more panic from other regular parties. Miners will call quits at double or single digits, the network stagnates, people panic, value remains $0.
This my friends is the near future of btc.
Get out of the ponzi while you can!
Doom and gloom is the reason why investors are pouring "countless millions" into Bitcoin related companies, or....
...perhaps Bitcoin is strong and there is a Huge Rally coming?
