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MyCoin disappears with $400M

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by Superfluous, Feb 9, 2015.

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  1. Superfluous

    Superfluous Rainbet.com Casino & Sportsbook
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    MyCoin disappears with $400M
    http://www.cnbc.com/id/102410095

    Thoughts on this? For one, I'm surprised that bitcoin prices didn't fluctuate much today; I would have expected a bigger response to the media exposure.
     
    Superfluous, Feb 9, 2015
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  2. Emperor Nero

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    MyCoin disappears with $400M
    And so falls the bitcoin price. Hope no one else bought it thinking it was going to rebound.
     
    Emperor Nero, Feb 9, 2015
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  3. Logic

    Logic Formerly known as karlrais
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    MyCoin disappears with $400M
    There most likely were like 1m worth of btc, the figure they are giving is bullshit, calling it now.
     
    Logic, Feb 9, 2015
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  4. DMR

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    MyCoin disappears with $400M
    The fluctuation should be interesting to see. I'm not surprised it didn't fluctuate much yet as I don't think the media exposure is as high as you think it is -- not yet at least.
     
    DMR, Feb 9, 2015
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  5. whaatitdo

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    MyCoin disappears with $400M
    Surprised it hasn't fluctuated if those reports are true. It may be a lag until it shows a large dip.
     
    whaatitdo, Feb 9, 2015
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  6. Apith

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    MyCoin disappears with $400M
    This sounds pretty bad. With the news going around, there's no chance they'd get new clients now.
     
    Apith, Feb 9, 2015
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  7. Darkest Dream

    Darkest Dream I prefer to have my nightmares with open eyes.
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    MyCoin disappears with $400M
    More proof that the standard model of BTC exchange needs to be revised. Either have a third party holding equal to the amount if BTC they're holding, some kind of insurance policy, etc. I'll never put more than the amount I'm trading with into an exchange.
     
    Darkest Dream, Feb 10, 2015
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  8. Raydabae

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    MyCoin disappears with $400M
    Jesus christ. 400 million dollars. That's fucking crazy and I hope to whoever stole it is hiding his ass away from the rest of the world.
     
    Raydabae, Feb 14, 2015
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  9. Gold Swapper

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    MyCoin disappears with $400M
    Weird..
     
    Gold Swapper, Feb 14, 2015
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< The reason for BTCs drop. | Is BTC worthless? >


 
 
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