BFL = buttfvck labs?
big fvcking lie
Topic: April 10 - flash crash - who pulled it off? (Read 2759 times)
BFL = buttfvck labs?
It was just BFL selling all the bitcoin they made mining with customers ASIC's.
I thought they never actually had themI think this is quite possible making people think bubble pop, then the massive sell off created lag making people think DDoS.
It was BFL the whole time.
The good news is, now that BFL sold their BTC, maybe now customers can receive their mining rigs?
It was just BFL selling all the bitcoin they made mining with customers ASIC's.
I thought they never actually had them "flash" crash.. haha.. sounds like denial of a very real crash. Time will tell.
Yeah, this does not look like the previous "flash" crashes that recovered quickly. Guess in 12-24 hours there will be a better idea. The next question is how will all the ensuing bad press affect the price longer term (as in the rest of the year).
The thing is that massive, rapid swings in value are a bad thing for currencies regardless of the direction of the swings, so "bad press" for Bitcoin as a currency isn't dependent on the bubble bursting.
From a speculative point of view, the market needs both bulls and bears. In absolute terms, a crash is not necessarily a negative thing - whether it's positive or negative depends on where you sit in the market and your personal investment goals.
Who pulled it off? We did. The speculators and investors. The price cannot grow so fast, so high, without a correction or complete reversal. It been written here for weeks that anything that climbs so high, so fast, is a bubble that must pop. History teaches us that all bubbles like this pop without exception.
I hope people managed to lock in profits over the past few weeks and didn't expect the price to keep climbing to $1k and beyond by the end of the month. That's just silly.
I am not so sure about that.Selling for profits is one thing but a simultaneous DDOS so that others can't trade is another I hope people managed to lock in profits over the past few weeks and didn't expect the price to keep climbing to $1k and beyond by the end of the month. That's just silly.
Hm what's that about?
From MtGox
Quote
You are currently making use of a system which will be deprecated on Wed 10 Apr 2013 12:00:00 AM GMT:
Generation of USD and CAD redeemable codes will not be possible due to legal issues
Please note that after this date, using this system won't be possible anymore and will instead lead to an error.
Thank you for your attention.
Generation of USD and CAD redeemable codes will not be possible due to legal issues
Please note that after this date, using this system won't be possible anymore and will instead lead to an error.
Thank you for your attention.
Who pulled it off? We did. The speculators and investors. The price cannot grow so fast, so high, without a correction or complete reversal. It been written here for weeks that anything that climbs so high, so fast, is a bubble that must pop. History teaches us that all bubbles like this pop without exception.
I hope people managed to lock in profits over the past few weeks and didn't expect the price to keep climbing to $1k and beyond by the end of the month. That's just silly.
I hope people managed to lock in profits over the past few weeks and didn't expect the price to keep climbing to $1k and beyond by the end of the month. That's just silly.
I would say Mt Gox. For the second time.
I would say so too, although I think they may profit more quickly on this particular taking ...
on the bright side, that would mean price == "to da moon"
The only thing changed is the magnitude of the price. When it "crashed" from $4 to $2 it didnt make world news.
For obvious reasons. Hardly a valid point. 
The only thing changed is the magnitude of the price. When it "crashed" from $4 to $2 it didnt make world news.
I wouldn't call it a flash crash.
nothing like this kinda flash thingy LOL http://ahitler.greyfalcon.us/pictures/hitler-drug-free3.jpg
"flash" crash.. haha.. sounds like denial of a very real crash. Time will tell.
Yeah, this does not look like the previous "flash" crashes that recovered quickly. Guess in 12-24 hours there will be a better idea. The next question is how will all the ensuing bad press affect the price longer term (as in the rest of the year).
It was just BFL selling all the bitcoin they made mining with customers ASIC's.
Panicked investors, and its not over yet.
Panicked speculators cashing in or losing their shirts, and it's not over yet. FTFY
I sold last night and there was no panic involved. I saw an insane unjustifiable increase in price mixed with increased volatility. I've predicted so many bubbles in the past but never was able to sell the day before it burst. Can't wait till the bottom and then eventual slow increase again so I can buy some more. Gonna ride this coaster up and down as long as it lasts.
someone that wanted to sell from 230 and buy from 150 is my guess
"flash" crash.. haha.. sounds like denial of a very real crash. Time will tell.
How about this kinda crash?:
How about this kinda crash?:
hit 130
OK
OK
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