BTC falling sharply!! Why? | Bitcointalksearch.org

HappyBitCoinUser

full member

Activity: 182

Merit: 100

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.

CoolIT

member

Activity: 66

Merit: 10

I could have made some money if I wasn't such an emotional noob.

But then again, even if I sell my 3.5 bitcoins at 170, I am still winning as it would pay my smallfry mining rig.

I sold at 143 and bought back at 144.

CAVirtex.com was not affected at all in it's performance. It was refreshing the price pretty fast.

Well, I learned a lot today.

HappyBitCoinUser

full member

Activity: 182

Merit: 100

Just woke up, saw prices, and did this:

agath

full member

Activity: 164

Merit: 100

Quote from: Francesco on April 10, 2013, 06:25:11 PM

I'll still have lost a lot less than the ones that didn't sell in time...

This is exactly what leads to huge bitcoin price swings. Just hold your coins and don't be afraid. You may believe in bitcoin or not. If you don't, just don't buy.

Zendata

newbie

Activity: 42

Merit: 0

Quote from: repentance on April 10, 2013, 06:53:35 PM

Quote from: poblico on April 10, 2013, 02:20:37 PM

$130 the last stable point.
Can we safely say all the speculators have fleed and will probably actually just buy again when it stabilizes and drive the market back up?

No. That there is continued extreme volatility means the speculators haven't fled. When the price truly stabilises for a significant period (ie, at least a few weeks) of time, the speculators will look elsewhere for quick profits.

This. Wheres my weed whacker.

repentance

hero member

Activity: 868

Merit: 1000

Quote from: poblico on April 10, 2013, 02:20:37 PM

$130 the last stable point.
Can we safely say all the speculators have fleed and will probably actually just buy again when it stabilizes and drive the market back up?

No. That there is continued extreme volatility means the speculators haven't fled. When the price truly stabilises for a significant period (ie, at least a few weeks) of time, the speculators will look elsewhere for quick profits.

Francesco

sr. member

Activity: 252

Merit: 250

Quote from: TheDarKnight on April 10, 2013, 01:40:51 PM

After all, ITALY is about to bailout of the EURO pretty soon, so there will be a new influx of users coming along....prontissimoooo!!! Cool

I am italian, I have thought about considering bitcoin a "safe heaven"... and I find the idea quite silly, frankly. Yes it is a great investment long-trend if done carefully, but as for "protecting"... should my country exit the euro AND my bank confiscate part of my funds Cypro-style, I'll still have lost a lot less than the ones that didn't sell in time... yet, there will probably be a psychological effect, of course, but it is completely irrational.

reefless

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Activity: 112

Merit: 10

Advertise on my site pm me earnbit.blogspot.com

Watching everything in panic is quite fun really, it means profit! Lol

antibanker

newbie

Activity: 14

Merit: 0

no.

you're fish. (poker term)

rammy2k2

legendary

Activity: 1974

Merit: 1003

im watching it too .. hope to get back to normal Cool

juice

newbie

Activity: 56

Merit: 0

the problem exist not sinse yesterday!

https://defuse.ca/bitcoin-pool-ddos.htm

alexh

member

Activity: 183

Merit: 10

That lag is so annoying, incredible.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: bitcoinnix on April 10, 2013, 03:45:57 PM

Quote from: Keyur @ Camp BX on April 10, 2013, 03:38:39 PM

Try CampBX! We have been running without any major lag issues.

I look forward to using CampBX just as soon as you have:
* Something like BTC-E codes to move USD around
* LTC/USD trading
* BTC/LTC trading

What about USD/LTC?

I don't want to have to spend BTC to get LTC.

Nemesis

sr. member

Activity: 462

Merit: 250

I'm surprised when ppl ask MtGox to shutdown when lag is unbearable....

Have you ever thought MtGox makes TONS of cash right now from all this huge swing? Panic sell ---> panic buy.

Ppl dont just sell to cash out they sell to buy back in at lower right. During this race there is always someone get a short stick.

I would say, MtGox is the one thats intentionally being incompetent.

bitcoinnix

newbie

Activity: 56

Merit: 0

Quote from: Keyur @ Camp BX on April 10, 2013, 03:38:39 PM

Try CampBX! We have been running without any major lag issues.

I look forward to using CampBX just as soon as you have:
* Something like BTC-E codes to move USD around
* LTC/USD trading
* BTC/LTC trading

juice

newbie

Activity: 56

Merit: 0

tzzz... every time there is a "correction" there is also a big ddos attack ?
its coming back up they are on shopping now

why is tradehill saying:

MTGox, Bitstamp are down due to DDOS attack. We are continuing to execute internal orders normally, but routing to external orderbooks is not possible at the moment.

Keyur @ Camp BX

sr. member

Activity: 299

Merit: 250

Quote from: virtualmaster on April 10, 2013, 02:27:44 PM

bitparking is not running
Mt Gox has problems
BTC-E has problems
bitcoincharts.com also not running
bitcointalk seems to be also overloaded

May be it is more than pushing down the prises and just to buy cheap bitcoins.
May be somebody wants to destroy bitcoin. Somebody who is interested in it and has the financial power for it.

Try CampBX! We have been running without any major lag issues.

rebuilder

legendary

Activity: 1615

Merit: 1000

The price goes up, no questions asked. The price goes down, it's all "why, why!?".

Volatility goes both ways. If you don't know why it's going up, you won't know why it goes down, either.

pyromaniac

hero member

Activity: 639

Merit: 500

Quote from: deathcode on April 10, 2013, 02:57:09 PM

Quote from: Smedley B on April 10, 2013, 02:45:57 PM

don't know why sentiment seems negative.
was a big opportunity to make money/increase btc holding

This is a great opportunity to buy.
it's a shame that MT.Gox hasn't reached a maturity level to deal with these attacks.
They seem sistematic attacks, as bitfloor was slow, bitcointalk.org is slow (unless people are posting like crazy)
bitcoincharts.com shows bad gateway, etc, etc..
When people understands that bitcoin is P2P and the fact that one exchange suffers an attack shouldn't affect them that drastically, then we will see a more stable coin.
For now, it's just money going from panickers to others looking for opportunities.

Do you really think that these attacks were not produced by them? Roll Eyes

juice

newbie

Activity: 56

Merit: 0

tradehill:
MTGox, Bitstamp are down due to DDOS attack. We are continuing to execute internal orders normally, but routing to external orderbooks is not possible at the moment

who has the power to ddos the whole bitcoin world?
almost all pools and exchanges geting ddos even bitcointalk and clark moody . !
so the people got rushed an blindet to the same time...wtf big guy game

admins show your logs,where is the ddos from ? botnet or supercomputer?

Topic: BTC falling sharply!! Why? (Read 8695 times)