Quote from: reactor on April 03, 2014, 12:45:39 PM

Quote from: Neverminds17 on April 03, 2014, 10:24:26 AM

Quote from: kano on April 03, 2014, 10:16:45 AM

Quote from: Neverminds17 on April 03, 2014, 10:14:51 AM

Quote from: kano on April 03, 2014, 10:10:49 AM

Quote from: Neverminds17 on April 03, 2014, 09:54:00 AM

Quote from: CroverNo on April 03, 2014, 09:35:33 AM

Quote from: Neverminds17 on April 03, 2014, 09:16:35 AM

to me it sounds more like beeing affraid of bitcoin and april 15.

What happens on April the 15 ?

Chaina forbids chinese banks to payout transactions that involve crypto.... It has already started.... Havent you noticed BTC price drop?

The price drop is KnC Sam dumping 1000 BTC every day on the small exchanges.
Blame that fucktard - not China.

we aint blaming noone it is just the way it is...... atm

No it isn't. The way it is, is that KnC mines about 1/4 of the network and dumps all their BTC on the exchanges every day.

no it isn't. KnC was mining 5 days ago, 10 days ago, a month ago and 3 months ago etc etc etc and the price was not dropping like this in a short period of time.. If it is easier to blame them for this be my guest I dont really care but speculations on april 15. started this mess.... Anyways date is near so wi will see.

Listen to Kano. He's right. KNC is the dumping whale right now.

Not to be the FUD train and hijack this, but seriously people, pop the idealistic bubble and look at the real world.

Trading activity and behavior changed significantly after Gox shut down. Until then, multiple exchanges could easily be used for the pump/dump fraud scheme that the evidence is pointing towards Gox pulling to try and save itself. Who knows if there were other players riding that wave. Now people are very timid to purchase because the only thing you hear is bad news about BTC and how it is harder and more annoying to use every single week. The Chinese exchanges see major activity mainly because they have low to no fees, meaning margin trading is huge. I only do my trading on Chinese exchanges now because of this.

Otherwise, nobody new is buying in, so when Sam dumps on the market, the market takes it and the price continues to go down because there is no confidence in it going up. Why should it? These are the growing pains of a technology, where the a-hole companies like BFL, Avalon and their chip drama, KNC, etc., will all cash out in the short term, but the net result is reliable companies like Bitmain who have been consistently delivering could be in a world of shit from the gov't blowback. After all, if BTC only brings bad press, why should gov't treat it friendly?

+1

I can't believe people are still purchasing miners form KnC even though they are competing against their customers and most probably used their funds for the preordered machines to fund their Data Centre. They are technically stealing from you...