Post
Topic
Board Speculation
Re: BITFINEX crashed, bitcoin price falls. Will it recover?
by
QuestionAuthority
on 03/08/2016, 12:03:26 UTC
Nearly 120,000 bitcoins stolen. Stuff like this happening does not instill confidence in bitcoin. I worry about the future of bitcoin. Seriously thinking of selling mine.

Doh, you think? I wonder why people don't trust Bitcoin when they see news like this? Makes no sense at all.

Of course, someone here will have some snappy comment why this doesn't matter but the truth is that the average idiot doesn't know as much about Bitcoin as you do. All they know is shitloads of them (millions of dollars worth) keep getting stolen. They don't see Bitcoin as money. They see it as a single system. What they see is some new high tech drug seller Wells Fargo or Chase Bank type system keeps getting robbed of millions. Would you keep your money in Wells Fargo if somebody stole millions from them every year and they didn't have fraud protection built in to the system? No you wouldn't, don't lie.