Re: Bitstamp is the Next Gox and why Bitcoin will be at $300 soon
The manipulation WILL continue until there is 0 new peasant money coming in, we might see more price swing upwards but ultimately we are going down to the real bottom at $300 or less. As i also stated earlier, the Gox fiasco is massive even if no one here cares about it, the real world is outside this forum. Every single day in the news there is something bad about Bitcoin, the media officially labeled it as a fraud and this will take atleast 1 year to recover.
Gartner Hype Cycle. We are on the Trough of Disillusionment. This was expected and it actually is a good thing. Because the faster it happens, the faster bitcoin will become mainstream.
I have been right so far, and most importantly Bitstamp is about to shutdown in the coming months Gox style, look at the signs:
If you want a rock-solid exchange (as in "EU regulations-approved"), go to http://bitcoin-central.net. Granted, they need an interface overhaul (they are working on it) and moving BTC out of it takes time (one day at worst, because of manual checking of every transaction), but your money is as safe as in a bank (they can't go AWOL with your money, and if they shut down, you can't lose your money). Plus, like bitstamp, they charge no fee for moving BTC out.