Topic: BTC falling sharply!! Why? - page 2. (Read 8732 times)
same here, bitcoin talk is running very slowly.
The ease at which the big few currency exchanges get overwhelmed is a bit of problem. Hopefully this will work out soon. They don't have the network infrastructure to be able to handle the rapid volume that currency exchange dudes work at.
I'm happy to see a temp drop though personally. Hopefully it will follow with mining difficulty.... any bit helps...
I'm happy to see a temp drop though personally. Hopefully it will follow with mining difficulty.... any bit helps...
don't know why sentiment seems negative.
was a big opportunity to make money/increase btc holding
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.
Can't see real time prices on Gox, but BTC-e.com has BTC at 133.
How do we know that this is another DDOS?
Because they did the same thing last week. Bitcoin sites started acting up, some people got scared, the others bought coins low. I'm hitting myself over the head right now for not selling last night, and having a little extra money lying around in an exchange to buy some at a low price.How do we know that this is another DDOS?
If you're worried, I'll buy your coins via PP for ~$100 a piece.
don't know why sentiment seems negative.
was a big opportunity to make money/increase btc holding
was a big opportunity to make money/increase btc holding
Boy, I sure remember my first Bitcoin crash. Sadly, these new ones don't evoke the same kinds of feelings any more 
Anyway, as long as it isn't attributed to any major real life event (for example, MtGox seized, blockchain hacked, World War 3 etc.) then I don't see any reason to panic.
Anyway, as long as it isn't attributed to any major real life event (for example, MtGox seized, blockchain hacked, World War 3 etc.) then I don't see any reason to panic.
Don't jynx it. >_>
Boy, I sure remember my first Bitcoin crash. Sadly, these new ones don't evoke the same kinds of feelings any more
Anyway, as long as it isn't attributed to any major real life event (for example, MtGox seized, blockchain hacked, World War 3 etc.) then I don't see any reason to panic.
Anyway, as long as it isn't attributed to any major real life event (for example, MtGox seized, blockchain hacked, World War 3 etc.) then I don't see any reason to panic.
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.
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.
Huge Sell -> Price Drop -> Panic Sells + DDOS -> Price Drop -> Someone who cashed out can now buy back and make huge profits.
Conclusion: Mt.Gox is fucking unprofessional, I'll hold my coins and only trade it in future at localbitcoins.com
And yes, too many stupid trolling kids which increase the panic.
Conclusion: Mt.Gox is fucking unprofessional, I'll hold my coins and only trade it in future at localbitcoins.com
And yes, too many stupid trolling kids which increase the panic.
The more things change the more they remain the same.
Quote
Goxxed
The act of being screwed by an online merchant, specifically due to the merchant being incompetent and amateurish. Derived from the debacle of the mtgox.com Bitcoin trading site's crash and burn and the resulting chaos trying to re-open. Poor communication, outright lies, scapegoats, Oh My!
Dude, you've been goxxed.
by ledbetter Jun 26, 2011
The act of being screwed by an online merchant, specifically due to the merchant being incompetent and amateurish. Derived from the debacle of the mtgox.com Bitcoin trading site's crash and burn and the resulting chaos trying to re-open. Poor communication, outright lies, scapegoats, Oh My!
Dude, you've been goxxed.
by ledbetter Jun 26, 2011
$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?
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?
The exchanges are all SO different, it is impossible to know what price is right. I manged to get some cheap on btc-e and sell them for $40 more on bitfinex.
PANIC SELL SELL SELL
om nom cheap bitcoins
om nom cheap bitcoins
Well that's what I'M doing, and I've a bit of cash to do it with too!
Are we not in a double-dip recession?
Don't worry, if if falls to 50 cents, I'll buy up all your bitcoin
PANIC SELL SELL SELL
om nom cheap bitcoins
om nom cheap bitcoins
The price is rising now. I guess is that it would reach $200 within couple of hours.
I'm a Noob, but i haven't sold my .07 BTC holdings yet. LOL. She'll rise again. Staying calm.
Thumbs Up. Just relax. Take a walk or go see a movie or something. The market will re-stabalize in a few hours then it will head upwards.
There have been quite a lot of negative articles flying about lately fuelling fears about a Government BAN on BTC or a popping bubble leaving people with nothing and when there's a problem with DDoS or other errors on websites, people sell up because they want to be the ones buying-in at a lower price. As soon as they see that fall they all go "CRAAAAAAAAASSSHHH!!!" and they quite literally, as is typical of trollbox at BTC-e, will crash it for a while themselves, singlehandedly so to speak. Well no worries, Bitcoin will probably rally and stabilise around $200 by the end of the day. After all, ITALY is about to bailout of the EURO pretty soon, so there will be a new influx of users coming along....prontissimoooo!!! 
I'm a Noob, but i haven't sold my .07 BTC holdings yet. LOL. She'll rise again. Staying calm.
Can't see real time prices on Gox, but BTC-e.com has BTC at 133.
How do we know that this is another DDOS?
Because they did the same thing last week. Bitcoin sites started acting up, some people got scared, the others bought coins low. I'm hitting myself over the head right now for not selling last night, and having a little extra money lying around in an exchange to buy some at a low price.How do we know that this is another DDOS?
If you're worried, I'll buy your coins via PP for ~$100 a piece.
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