/biz/ - Business & Finance

>>138015

>500$
>Cheap

You know the drill..

These prices are high as fuck considering the current situation.


Media is just warming up the assrapeage of BTC, they are probably just waiting for some official information about the situation.
Also we haven't heard a word from Gox, if those coins are really gone, these markets are fucked in every possible way.
These news are so god damn bad, I don't know if people even realize how bad they are.
This is about to completely kill whatever credibility Bitcoin had in the eyes of the general public.
Try getting merchants or the average Joe to accept this concept after crap like this goes down.

>"oh btw we lost 6% of the coins available on this planet, we don't know where the hell they went, and if even a fraction of those get sold, we are going to drop to 15$ Do you want to buy some? Only 500$ a pop now."

BTW what the hell is going to happen with miners?
They can't possibly make any money if the price stabilizes to some low level, I don't think they are making that much money even at these prices.
So only option for them is to stop mining right?
That or they have to sell at a loss to pay the bills if they want to continue mining.
>>138050

That's almost 10 years ago... I feel old as hell.