nahhh I don't even know where my private key is ... so I guess there is nothing to do then
Topic: Dark Days ahead for HODLers (Read 2812 times)
panic sell, panic sell ...
nahhh I don't even know where my private key is ... so I guess there is nothing to do then
nahhh I don't even know where my private key is ... so I guess there is nothing to do then
I just realized that MtGOX has opened the doors for a completely new business models named "certification" of "insurance". This can be considered a good thing since we learn from the bad moments.
Certification
Isn't it time for a company with indepth knowledge of how to run a company that stores ginormous amounts of bitcoins to pop up.
This company can offer certification to companies willing to confirm to strict policies and procedures in handling bitcoins.
Companies like Bitstamp, Btc-e, Blockchain could then allow themselves to be certified so they can present the certification on the site.
This way we can trust that our bitcoins are safe if we use their services.
Insurance
Insurance amounts to nearly the same thing. A company willing to bail either "certified"companies handling Bitcoins.
Or personal insurance where you can get bailed out if a Bitstamp or BTC-e goes down like MtGOX did.
For X mBTC per month they insure you for Y BTC if a bankruptcy claim comes through and you can prove your BTC got stuck there.
Bitcoin banks
Companies storing and guaranteeing safe storage of wallets. You send password secured offline wallets through an SSL connection to that company.
Company stores it in some sort of vault and makes sure nobody can steal your coins.
Also providing retreival services where you request your wallet back and the wallets get streamed back once lifted from cold storage.
etc.
So HODL is good since we are really very early adopters. The technologies and companies are yet to come.
PM me if you want to buy the rights off me
Certification
Isn't it time for a company with indepth knowledge of how to run a company that stores ginormous amounts of bitcoins to pop up.
This company can offer certification to companies willing to confirm to strict policies and procedures in handling bitcoins.
Companies like Bitstamp, Btc-e, Blockchain could then allow themselves to be certified so they can present the certification on the site.
This way we can trust that our bitcoins are safe if we use their services.
Insurance
Insurance amounts to nearly the same thing. A company willing to bail either "certified"companies handling Bitcoins.
Or personal insurance where you can get bailed out if a Bitstamp or BTC-e goes down like MtGOX did.
For X mBTC per month they insure you for Y BTC if a bankruptcy claim comes through and you can prove your BTC got stuck there.
Bitcoin banks
Companies storing and guaranteeing safe storage of wallets. You send password secured offline wallets through an SSL connection to that company.
Company stores it in some sort of vault and makes sure nobody can steal your coins.
Also providing retreival services where you request your wallet back and the wallets get streamed back once lifted from cold storage.
etc.
So HODL is good since we are really very early adopters. The technologies and companies are yet to come.
PM me if you want to buy the rights off me
Once you add the costs of 'insurance' and 'certification' (regulation?) you eliminate the frictionless advantage of bitcoin.
Instead I think people need to learn a little bit of self-reliance.
Bitcoin allows YOU to be in control.
What ever happened to the desire for freedom? the desire to be in control of your own destiny?
I think you're looking at it the wrong way. I was merely suggesting that companies using bitcoin can have themselves certified by other companies if they choose to (no must). This allows companies to open up to the public and prove that they have secure measures in place. Look at certifications like "Protected by Verisign" and "ISO xxxx certified". Nobody is forcing you but a consumer might trust certified companies more.
Insurance can also be an option. If I'm a company managing loads of bitcoins. What if I get robbed? What if my cold wallet goes lost? Why not insure the risk?
If MtGOX was insured they wouldn't be in this mess. Insurance is also an option.
Again I'm not suggesting it MUST be certified (regulated) or insured. I'm suggesting that companies might want to be certified or insured to protect them from hacks or technical errors.
The bitcoin market is a free market but we must make sure MtGOX like stuff doesn't keep on happening.
How can you take control of your destiny if someone hacks your ass or burns your cold wallets... the only actions you can take is "protect yourself and hope for the best" or "Ask for assistance, expertise or someone willing to take your risk"
I just realized that MtGOX has opened the doors for a completely new business models named "certification" of "insurance". This can be considered a good thing since we learn from the bad moments.
Certification
Isn't it time for a company with indepth knowledge of how to run a company that stores ginormous amounts of bitcoins to pop up.
This company can offer certification to companies willing to confirm to strict policies and procedures in handling bitcoins.
Companies like Bitstamp, Btc-e, Blockchain could then allow themselves to be certified so they can present the certification on the site.
This way we can trust that our bitcoins are safe if we use their services.
Insurance
Insurance amounts to nearly the same thing. A company willing to bail either "certified"companies handling Bitcoins.
Or personal insurance where you can get bailed out if a Bitstamp or BTC-e goes down like MtGOX did.
For X mBTC per month they insure you for Y BTC if a bankruptcy claim comes through and you can prove your BTC got stuck there.
Bitcoin banks
Companies storing and guaranteeing safe storage of wallets. You send password secured offline wallets through an SSL connection to that company.
Company stores it in some sort of vault and makes sure nobody can steal your coins.
Also providing retreival services where you request your wallet back and the wallets get streamed back once lifted from cold storage.
etc.
So HODL is good since we are really very early adopters. The technologies and companies are yet to come.
PM me if you want to buy the rights off me
Certification
Isn't it time for a company with indepth knowledge of how to run a company that stores ginormous amounts of bitcoins to pop up.
This company can offer certification to companies willing to confirm to strict policies and procedures in handling bitcoins.
Companies like Bitstamp, Btc-e, Blockchain could then allow themselves to be certified so they can present the certification on the site.
This way we can trust that our bitcoins are safe if we use their services.
Insurance
Insurance amounts to nearly the same thing. A company willing to bail either "certified"companies handling Bitcoins.
Or personal insurance where you can get bailed out if a Bitstamp or BTC-e goes down like MtGOX did.
For X mBTC per month they insure you for Y BTC if a bankruptcy claim comes through and you can prove your BTC got stuck there.
Bitcoin banks
Companies storing and guaranteeing safe storage of wallets. You send password secured offline wallets through an SSL connection to that company.
Company stores it in some sort of vault and makes sure nobody can steal your coins.
Also providing retreival services where you request your wallet back and the wallets get streamed back once lifted from cold storage.
etc.
So HODL is good since we are really very early adopters. The technologies and companies are yet to come.
PM me if you want to buy the rights off me
Once you add the costs of 'insurance' and 'certification' (regulation?) you eliminate the frictionless advantage of bitcoin.
Instead I think people need to learn a little bit of self-reliance.
Bitcoin allows YOU to be in control.
What ever happened to the desire for freedom? the desire to be in control of your own destiny?
...
What ever happened to the desire for freedom? the desire to be in control of your own destiny?
What ever happened to the desire for freedom? the desire to be in control of your own destiny?
Considering that this is the speculation section of a forum about money, care to guess?
I just realized that MtGOX has opened the doors for a completely new business models named "certification" of "insurance". This can be considered a good thing since we learn from the bad moments.
Certification
Isn't it time for a company with indepth knowledge of how to run a company that stores ginormous amounts of bitcoins to pop up.
This company can offer certification to companies willing to confirm to strict policies and procedures in handling bitcoins.
Companies like Bitstamp, Btc-e, Blockchain could then allow themselves to be certified so they can present the certification on the site.
This way we can trust that our bitcoins are safe if we use their services.
Insurance
Insurance amounts to nearly the same thing. A company willing to bail either "certified"companies handling Bitcoins.
Or personal insurance where you can get bailed out if a Bitstamp or BTC-e goes down like MtGOX did.
For X mBTC per month they insure you for Y BTC if a bankruptcy claim comes through and you can prove your BTC got stuck there.
Bitcoin banks
Companies storing and guaranteeing safe storage of wallets. You send password secured offline wallets through an SSL connection to that company.
Company stores it in some sort of vault and makes sure nobody can steal your coins.
Also providing retreival services where you request your wallet back and the wallets get streamed back once lifted from cold storage.
etc.
So HODL is good since we are really very early adopters. The technologies and companies are yet to come.
PM me if you want to buy the rights off me
Certification
Isn't it time for a company with indepth knowledge of how to run a company that stores ginormous amounts of bitcoins to pop up.
This company can offer certification to companies willing to confirm to strict policies and procedures in handling bitcoins.
Companies like Bitstamp, Btc-e, Blockchain could then allow themselves to be certified so they can present the certification on the site.
This way we can trust that our bitcoins are safe if we use their services.
Insurance
Insurance amounts to nearly the same thing. A company willing to bail either "certified"companies handling Bitcoins.
Or personal insurance where you can get bailed out if a Bitstamp or BTC-e goes down like MtGOX did.
For X mBTC per month they insure you for Y BTC if a bankruptcy claim comes through and you can prove your BTC got stuck there.
Bitcoin banks
Companies storing and guaranteeing safe storage of wallets. You send password secured offline wallets through an SSL connection to that company.
Company stores it in some sort of vault and makes sure nobody can steal your coins.
Also providing retreival services where you request your wallet back and the wallets get streamed back once lifted from cold storage.
etc.
So HODL is good since we are really very early adopters. The technologies and companies are yet to come.
PM me if you want to buy the rights off me
Once you add the costs of 'insurance' and 'certification' (regulation?) you eliminate the frictionless advantage of bitcoin.
Instead I think people need to learn a little bit of self-reliance.
Bitcoin allows YOU to be in control.
What ever happened to the desire for freedom? the desire to be in control of your own destiny?
Where ever light goes it notices darkness has gotten there first and is waiting for it!
Hodl the darkness young bitcoiner, In your darkest hour only a few will stand with you,
and you will notice "it" among the few.
Hodl the darkness young bitcoiner, In your darkest hour only a few will stand with you,
and you will notice "it" among the few.
MTGOX was a cancer holding back bitcoin.
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
nah, gox was the cancer killing /b/ everything is going to be alright now.
Blah blah bah, it's not even entertaining anymore.
I'm hodling.
I'm hodling.
MTGOX was a cancer holding back bitcoin.
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
The foundation is the cancer
Mtgox was just the flu
How so?
An important question. Without any substantive argument the accusation is worthless.
I don't know a lot about the foundation, but I did notice they (most likely) shuffled Karpeles and Gox out the back door summarily. That is a plus IMHO.
The price doesn't have to be "to da moon" for bitcoin to function.
But it has for me to retire
LOL
The price doesn't have to be "to da moon" for bitcoin to function.
But it has for me to retire
The price doesn't have to be "to da moon" for bitcoin to function.
MTGOX was a cancer holding back bitcoin.
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
The foundation is the cancer
Mtgox was just the flu
How so?
MTGOX was a cancer holding back bitcoin.
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Alternatively, Gox/Mark manipulating API data to fuel irrational speculation has been the driving force behind bitcoin since 2011. The chemo therapy is finished and ineffective. Bitcoin dies now.
Then how do you explain the Chinese exchange driving the price for bitcoin in 2013? Wrap your mind around that. Lol
I just realized that MtGOX has opened the doors for a completely new business models named "certification" of "insurance". This can be considered a good thing since we learn from the bad moments.
Certification
Isn't it time for a company with indepth knowledge of how to run a company that stores ginormous amounts of bitcoins to pop up.
This company can offer certification to companies willing to confirm to strict policies and procedures in handling bitcoins.
Companies like Bitstamp, Btc-e, Blockchain could then allow themselves to be certified so they can present the certification on the site.
This way we can trust that our bitcoins are safe if we use their services.
Insurance
Insurance amounts to nearly the same thing. A company willing to bail either "certified"companies handling Bitcoins.
Or personal insurance where you can get bailed out if a Bitstamp or BTC-e goes down like MtGOX did.
For X mBTC per month they insure you for Y BTC if a bankruptcy claim comes through and you can prove your BTC got stuck there.
Bitcoin banks
Companies storing and guaranteeing safe storage of wallets. You send password secured offline wallets through an SSL connection to that company.
Company stores it in some sort of vault and makes sure nobody can steal your coins.
Also providing retreival services where you request your wallet back and the wallets get streamed back once lifted from cold storage.
etc.
So HODL is good since we are really very early adopters. The technologies and companies are yet to come.
PM me if you want to buy the rights off me
Certification
Isn't it time for a company with indepth knowledge of how to run a company that stores ginormous amounts of bitcoins to pop up.
This company can offer certification to companies willing to confirm to strict policies and procedures in handling bitcoins.
Companies like Bitstamp, Btc-e, Blockchain could then allow themselves to be certified so they can present the certification on the site.
This way we can trust that our bitcoins are safe if we use their services.
Insurance
Insurance amounts to nearly the same thing. A company willing to bail either "certified"companies handling Bitcoins.
Or personal insurance where you can get bailed out if a Bitstamp or BTC-e goes down like MtGOX did.
For X mBTC per month they insure you for Y BTC if a bankruptcy claim comes through and you can prove your BTC got stuck there.
Bitcoin banks
Companies storing and guaranteeing safe storage of wallets. You send password secured offline wallets through an SSL connection to that company.
Company stores it in some sort of vault and makes sure nobody can steal your coins.
Also providing retreival services where you request your wallet back and the wallets get streamed back once lifted from cold storage.
etc.
So HODL is good since we are really very early adopters. The technologies and companies are yet to come.
PM me if you want to buy the rights off me
MTGOX was a cancer holding back bitcoin.
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
The foundation is the cancer
Mtgox was just the flu
MTGOX was a cancer holding back bitcoin.
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
silk road was a boon, gox was never a boon besides innovating an exchange.
you people are very optimist. stay enough lucid to avoid a desilution...
and speculate on bitcoin is like speculate on the end of the world.
NEXT STEP ON BITCOIN
http://www.youtube.com/watch?v=_2nyNomnAL8
and speculate on bitcoin is like speculate on the end of the world.
NEXT STEP ON BITCOIN
http://www.youtube.com/watch?v=_2nyNomnAL8
MTGOX was a cancer holding back bitcoin.
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Alternatively, Gox/Mark manipulating API data to fuel irrational speculation has been the driving force behind bitcoin since 2011. The chemo therapy is finished and ineffective. Bitcoin dies now.
Stable price at over 500 when millions of dollars and btc lost. Manipulator come clean and stop trying to hold the price up. We are going lower if not now over time just like back in 2011.
All bets are off tho when the US dollar goes to zero
All bets are off tho when the US dollar goes to zero
As a sidenote, when the fuck are the forums going to add "Bitcoin" and "bitcoin" to their spelling dictionary?
It has nothing to do with the forum, instead it is your browser. Therefor also your responsibility to add it to your own dictionary. Right clicking usually helps here.
Bad Gox news is priced in. Like most of you, I was surprised to see such a quick snap-back of the market off the 400 mark. But, the market has spoken. Now most of this Gox news is relegated to Bitcoin gossip. Whether the people on Gox take a bath or get bailed out, Gox dies or recovers, whatever. I don't really care .. and I don't think the market does either. This is very similar to when the Chinese regulations kicked Bitcoin in the plums. The Chinese regulators had their say, the markets reacted, and now Bitcoin is becoming more resilient to news of "regulation X from country Y".
The real barrier Bitcoin faces now is the relative difficulty of converting fiat -> BTC. This will improve over time.
As a sidenote, when the fuck are the forums going to add "Bitcoin" and "bitcoin" to their spelling dictionary?
The real barrier Bitcoin faces now is the relative difficulty of converting fiat -> BTC. This will improve over time.
As a sidenote, when the fuck are the forums going to add "Bitcoin" and "bitcoin" to their spelling dictionary?
MTGOX was a cancer holding back bitcoin.
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Now just like silkroad being shut down...the same will repeat.
TO DA MOON!
Do you agree or not?
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
Meh, I think the worst of this has been priced in. The high volume downward movements came as the leaks were coming out a few days ago. This morning we've seen the market fall on relatively low volume. The people selling now are comparatively late to selling versus the much higher volume dumping we saw a few days ago, and most of them are simply hoping to profit off of the bankruptcy news release.
Now that Gox is official dead, I hope in the coming months we can push the body into the water and move on. It sucks. I'm sorry for everyone who kept money there, but the community just got rid of one the biggest stumbling blocks in its history. Gox fucked us one too many times, and now for the last time. The ecosystem and infrastructure will likely be stronger and more robust moving forward. They failed as a business and now they're gone.
Weren't u saying prices will crash even more just yesterday? And now ur suddenly buying bitcoin
Nope, I don't think I said that yesterday.
Do you agree or not?
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
Meh, I think the worst of this has been priced in. The high volume downward movements came as the leaks were coming out a few days ago. This morning we've seen the market fall on relatively low volume. The people selling now are comparatively late to selling versus the much higher volume dumping we saw a few days ago, and most of them are simply hoping to profit off of the bankruptcy news release.
Now that Gox is official dead, I hope in the coming months we can push the body into the water and move on. It sucks. I'm sorry for everyone who kept money there, but the community just got rid of one the biggest stumbling blocks in its history. Gox fucked us one too many times, and now for the last time. The ecosystem and infrastructure will likely be stronger and more robust moving forward. They failed as a business and now they're gone.
+1. Well said.
Do you agree or not?
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
Meh, I think the worst of this has been priced in. The high volume downward movements came as the leaks were coming out a few days ago. This morning we've seen the market fall on relatively low volume. The people selling now are comparatively late to selling versus the much higher volume dumping we saw a few days ago, and most of them are simply hoping to profit off of the bankruptcy news release.
Now that Gox is official dead, I hope in the coming months we can push the body into the water and move on. It sucks. I'm sorry for everyone who kept money there, but the community just got rid of one the biggest stumbling blocks in its history. Gox fucked us one too many times, and now for the last time. The ecosystem and infrastructure will likely be stronger and more robust moving forward. They failed as a business and now they're gone.
Weren't u saying prices will crash even more just yesterday? And now ur suddenly buying bitcoin
Do you agree or not?
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
Meh, I think the worst of this has been priced in. The high volume downward movements came as the leaks were coming out a few days ago. This morning we've seen the market fall on relatively low volume. The people selling now are comparatively late to selling versus the much higher volume dumping we saw a few days ago, and most of them are simply hoping to profit off of the bankruptcy news release.
Now that Gox is official dead, I hope in the coming months we can push the body into the water and move on. It sucks. I'm sorry for everyone who kept money there, but the community just got rid of one the biggest stumbling blocks in its history. Gox fucked us one too many times, and now for the last time. The ecosystem and infrastructure will likely be stronger and more robust moving forward. They failed as a business and now they're gone.
Geez! Why didn't you bring flash light!
Do you agree or not?
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
No.
A bit of a freak out for holders who bought above $550 directly in sight, but beyond that and the higher low support that will be found over the next couple of days, better times for holders ahead I reckon. Although having said that, I don't believe that we have yet seen the lowest low and I believe that a lower low than $400 will be discovered before another ATH is reached.
Bitcoin has gotten way too much heat to go away off on another one its parabolic rises.
money to be made (and lost ) shorting!
Do you agree or not?
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
Sorry but how do you see dark days for holders if they for example didn't lost they bitcoins in the mtgox hole because they were smart enough to actually hold them by themselves instead of speculate and risk them too much by sending them to an exchange?
I still own my bitcoins so my day is light all the time.
It's always good news when I can lower my overall buyin price.
Disagree!
Mtgox has been a pox on Bitcoin for a long time. I don't see how the news can get any worse than it has, yet the price still hasn't dropped *that* much, considering last summer's price.
The problems that caused the crash are due to the incompetence of one company, and not due to any (unsolvable) problems in the protocol. Once the scared cats realise this, it can only get better...
It's a perfect time for new HODLers to come onboard.
/do not consider this investment advice
Mtgox has been a pox on Bitcoin for a long time. I don't see how the news can get any worse than it has, yet the price still hasn't dropped *that* much, considering last summer's price.
The problems that caused the crash are due to the incompetence of one company, and not due to any (unsolvable) problems in the protocol. Once the scared cats realise this, it can only get better...
It's a perfect time for new HODLers to come onboard.
/do not consider this investment advice
Brighter months ahead for HODLers!
Chin up, happy days are coming. Again!
Chin up, happy days are coming. Again!
Do you agree or not?
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
It is hard to see the light at the end of a tunnel. Just need to take breath and HOOOOOOOODL!!!
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