Unless major flaw is found, bitcoin will live long. If a major is found, bitcoin will resurrect.
Flaws are found every day and they are patched quite fast... I don't think there are any major flaws in this system
I don't think he means flaws when he mentions 'major flaws'. I assume he means what if the bitcoin security isn't up to the mark and a huge hack takes place or a lot of people become victims of a huge scam. That will surely affect bitcoin, and I don't think bitcoin can bear anymore negative media attention, people will just stop believing in bitcoin then man.
also even an hacker right now, would not dump his coin seeing this great surge
But don't you think if a major hack takes place where a lot of people lose their money, it would be a very negative thing for the bitcoin community? People will be crazy mad and most will just give up on btc, advise people against it and drop in so much of negativity. Same goes for major scam. I think when people stop valuing bitcoin, it will just die.
it happened before with the hacker of bitstamp remember? and the price didn't tanked so much, the price in the last year tanked before of the bad sentiment, that was created because of willibot/chinese or whatever that crashed the market from 1200 to 200
a big crash like that is the worst thing that could happen to diminish the trust in bitcoin, worse than any news or hackers