Topic: btc crashing, the great sell off has begun (Read 5074 times)
Now I need to make one of these threads so I can buy my coins. I missed last one because the MtGox lag locked me out entirely and I couldn't get money into btc-e in time
looks like some people were screwed over in this thread 
It's amazing isn't it? These "SELL NOW!!!" threads work again and again. People panic so easily and liquidate. Then the thread starter swoops in and buys up bargain coins. Who are these "PEOPLE" you speak of, young fellow? One does not sell bitcoins!
Oh, and this crash brought us all the way down to about $40 higher than we were on Monday...
looks like some people were screwed over in this thread
It's amazing isn't it? These "SELL NOW!!!" threads work again and again. People panic so easily and liquidate. Then the thread starter swoops in and buys up bargain coins. Who are these "PEOPLE" you speak of, young fellow? One does not sell bitcoins!
Oh, and this crash brought us all the way down to about $40 higher than we were on Monday...
looks like some people were screwed over in this thread
It's amazing isn't it? These "SELL NOW!!!" threads work again and again. People panic so easily and liquidate. Then the thread starter swoops in and buys up bargain coins. 
looks like some people were screwed over in this thread
want to put your money where your mouth is?
I already did. 
want to put your money where your mouth is?
I already did. 
Trying to catch the low in those panic situations is even more of a gamble then rolling on SD. I just hold, hold, hold.
Nah it's easy; after the panic selling starts wait 30 minutes then click "buy" at market price then go to bed.
tfw i sold at $120 hoping to short, and failed because of you guys
Trying to catch the low in those panic situations is even more of a gamble then rolling on SD. I just hold, hold, hold.
tfw i sold at $120 hoping to short, and failed because of you guys
U did better than me; $117!
tfw i sold at $120 hoping to short, and failed because of you guys
Mt Gox is hurting Bitcoin in the same way that Democracy is the worst system of government. [spoiler]except all the other ones[/spoiler]
How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
Don't bite the hand that feeds you... it just might stop.
How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
Don't bite the hand that feeds you... it just might stop.
I have nothing against Mt.Gox but they could do a much better job. I'm not even using it but the bitcoin world is linked to Mt.Gox because of it's size and they have made day trading more like gambling. People make good forecasts and are about to make their moves and then the lag starts. This does not look good at all.
But what worries me the most is that they are accepting so many new members right now without even being able to handle volumes today. That, in my opinion, is greed. I think they should just close for new member until they upgrade their engine. That will give other exchanges more new customers, making bitcoin more decentralized and making Mt.Gox more stable. If they don't come up with something very soon, i don't see how they will keep going.
Wrong, buddy! 
Mt Gox is hurting Bitcoin in the same way that Democracy is the worst system of government. [spoiler]except all the other ones[/spoiler]
How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
+1 How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
Mt Gox is hurting Bitcoin in the same way that Democracy is the worst system of government. [spoiler]except all the other ones[/spoiler]
How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
Don't bite the hand that feeds you... it just might stop.
How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
Don't bite the hand that feeds you... it just might stop.
Missed the whole dam thing!! I had a busy day in the field and didnt get to a terminal til about an hour ago only to return to find my spider senses were picking up +5000 hate for mtgox!!
Who took the charts for a ride ...
Who took the charts for a ride ...
OMG not again, another of this stupid posts!!!
the btc sell off was triggered by MTGox sucking ass at protecting their website from DOS attacks and whatever other mismanagement they incurred into.
newbies will panic and sell and smart buyers will get cheap coins.
This is not a sell off due to lack of price support or any other stupid technicalities other than ineptitude from MTGox.
We'll see bitcoin in 150 again by the end of the week if not sooner.
the btc sell off was triggered by MTGox sucking ass at protecting their website from DOS attacks and whatever other mismanagement they incurred into.
newbies will panic and sell and smart buyers will get cheap coins.
This is not a sell off due to lack of price support or any other stupid technicalities other than ineptitude from MTGox.
We'll see bitcoin in 150 again by the end of the week if not sooner.
But isn't this type of thing exactly what makes "outsiders" scared to invest? If I am new to btc and thinking of buying I would have some major concerns after hearing of attacks. The severity of each individual attack is unimportant really- the connotation of the word ATTACK is enough to turn someone off. And lets be totally real- it isn't an outstanding BTC economy that is driving the price up. It is precisely the people who I refered to in the first sentence.
Just a thought.
early adopter = more profit
OMG not again, another of this stupid posts!!!
the btc sell off was triggered by MTGox sucking ass at protecting their website from DOS attacks and whatever other mismanagement they incurred into.
newbies will panic and sell and smart buyers will get cheap coins.
This is not a sell off due to lack of price support or any other stupid technicalities other than ineptitude from MTGox.
We'll see bitcoin in 150 again by the end of the week if not sooner.
the btc sell off was triggered by MTGox sucking ass at protecting their website from DOS attacks and whatever other mismanagement they incurred into.
newbies will panic and sell and smart buyers will get cheap coins.
This is not a sell off due to lack of price support or any other stupid technicalities other than ineptitude from MTGox.
We'll see bitcoin in 150 again by the end of the week if not sooner.
But isn't this type of thing exactly what makes "outsiders" scared to invest? If I am new to btc and thinking of buying I would have some major concerns after hearing of attacks. The severity of each individual attack is unimportant really- the connotation of the word ATTACK is enough to turn someone off. And lets be totally real- it isn't an outstanding BTC economy that is driving the price up. It is precisely the people who I refered to in the first sentence.
Just a thought.
And now its back to $130 lol
There is a gap in the market for a UK based exchange with free to very low cost bank transfers, and greater reliability, and of-course for other counties and in general considering Mtgox is not very good.
I don't want to use MtGox to buy or sell at the moment. I still can't get my head around how to do UK bank transfers and how much it will cost. I could hold cash in Mtgox and re-buy bitcoins later of-course but I don't feel secure with Mtgox with previous problems they have had and the general feeling of unprofessionalism I get with the website.
I thought there would have been more exchange competition.
For now I'll keep my bitcoins regardless and at some point I'll spend them within the bitcoin economy, where I can, which I think is the best thing I can do.
I don't want to use MtGox to buy or sell at the moment. I still can't get my head around how to do UK bank transfers and how much it will cost. I could hold cash in Mtgox and re-buy bitcoins later of-course but I don't feel secure with Mtgox with previous problems they have had and the general feeling of unprofessionalism I get with the website.
I thought there would have been more exchange competition.
For now I'll keep my bitcoins regardless and at some point I'll spend them within the bitcoin economy, where I can, which I think is the best thing I can do.
People talking about block limits and shit being the achilles heel of bitcoin when it is actually Mt.Gox that is hurting BTC the most and has been for the last weeks.
fantastic buying opportunity for who goes through the laag
It's a shame that the whole market is so dependent on the MtGox pricing... hope that other exchanges gain market share...
OP has nothing to sell and enjoys looking foolish.
want to put your money where your mouth is?did you not see the graph?
OP has nothing to sell and enjoys looking foolish.
want to put your money where your mouth is?So, you sold then?
Either the charts are lagging or the API is. I'm still seeing prices around $134.
It's the API. As far as my scripts can tell, prices have been absolutely motionless for the last ~40 minutes.I suppose it's just one more evidence that I need to finish my Bitfloor integration and get the fuck off of Gox.
Somebody, quickly, sell me you're bitcoins before the price goes down further!
bear trap
OP has nothing to sell and enjoys looking foolish.
want to put your money where your mouth is?
Either the charts are lagging or the API is. I'm still seeing prices around $134.
*yawn*
OP has nothing to sell and enjoys looking foolish.
Bear trap... again...
they... will... never... learn
If they did, they wouldn't be bears
Bear trap... again...
they... will... never... learn
Bear trap... again...
This happens every week.
if you think so!! I will sell now while the value is still high
He doesn't just think, it DOES happen every week. This has become common place for bitcoin.
lag coupled with major sells?? Count me in for a big lump of fiat
Yes, LOL at Bitcoinity!
This happens every week.
if you think so!! I will sell now while the value is still high
ha! I bet you put in a market sell order.
This happens every week.
if you think so!! I will sell now while the value is still high
Knock yourself out... literally.
This happens every week.
if you think so!! I will sell now while the value is still high
strap in ur seat belts 
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