Topic: HUGE PLUMMET TOMORROW! - page 9. (Read 26246 times)

That's complete nonsense.

Multiple sources confirmed Monday would be a tough day
The price restored within 24 hours despite all the bad news

Bitcoin is getting stronger by the day.

Going by Bitcoinsteve's post history, he's the last person (except Fonzie and that Ripple twat, obviously) to hold the secret to Bitcoin's inner sanctum.

But that's probably what they said about Jeebus...

SELL!

Clutching at straws here but maybe related to this? http://www.itnews.com.au/News/372033,worlds-largest-ddos-strikes-us-europe.aspx

Yup; but still no word from Gox either... The market is going to go on as usual but things aren't going to be normal until Gox enables BTC withdrawals...

It looks like a do or die scenario for Gox and every day BTC withdrawals aren't enabled is a day closer to death for their exchange.

Gox has an arbitrage opportunity by disabling BTC withdrawal... They can sell the coins on other exchanges and use the USD to pay off the members who sell on the Gox site at a very low price...

Welp, seems to be doing the exact opposite of plummeting and no word from BitcoinSteve?

So after reading over his comments I believe something's afoul. Not with the OP; but with the circumstances surrounding this market.

Unfortunately the OP is asking for payment for further information; that's not a donation and even though a donation may very well be deserved in this case there's a major difference between the two. It's amazing that he accurately predicted an unpredictable event and also predicted that it would be Gox responsible for igniting it. Nobody expected that to play out in this manner and in this moment so soon...

So he has credibility in his statements...

Now, to further examine this scenario...

Gox is allowing USD withdrawals now but not BTC withdrawals. They previously were insolvent and only offered Goxbux rather than USD. It's extremely likely that it was Gox selling off users coins to reduce the liability of a lawsuit if they do close down the exchange. Those with BTC balances will be forced to sell at low prices and Gox will profit from the difference left over in USD remaining afterwards. Remember that the BTC in user accounts aren't the actual BTC; just an entry into a ledger that indicates how many BTC each user has in a particular user account. They aren't actual wallets (the deposit a user makes  goes to a Gox owned wallet) and user accounts aren't linked to the blockchain...

The OP's sugestion seems like a logical chain of events and knowing that Gox now has about 50,000 BTC left (Assuming they just sold 20,000 of the coins contained within the wallets owned by the exchange) it could bring the market temporarily down to double digits across the major exchanges when they unload the rest instantly without regard for anything else. I can also conclude that even if the OP has insight into events yet to unfold; the fact that he's asking for payment in BTC is EXTREMELY Bullish. It can be concluded that the OP believes BTC will return to higher values after the strong buying waves clear away the blood in the water.

It's also plausible that Gox might have an arrangement with a third party to crash the price in exchange for financial relief as a bailout/get out of jail free card. This hypothetical third party would need to be some major institution or large investor and it's likely they might buy everything available very quickly up to an unknown amount.

I think there's some actual merit to what he's claiming and I'm a Libertarian perma-bull.

A fan of a NEW world; one where people name their kids Bitcoin.

Either that or he is a fan! 

Makes perfect sense considering he's The World's Enemy.

http://www.godlikeproductions.com/members/134125/profile

http://www.godlikeproductions.com/forum1/message2481021/pg1

If you send enough btc he gives you instructions on how to get to the planet where btc is the only currency and each one is worth $1,000,000.  It is for enlightened members only...

Hasn't he already done that? 

I keep finding other random members posting the same thing about BTC being in the 100's "within two weeks" .... what is this based on?  Anything?  Inside information? 

Time travel?

You could start a bitcoin cult with all the info that you secretly possess

Totally. My comment was in the spirit of conspiracy theories. Its probably a trade account, casino, etc. Steve's not running in Phil Knight's circles out in Oregon (he wouldn't anyway as an Oregon State fan).

Why was this moved to speculation?

This should be moved to the fact section.


BitcoinSteve speaks the truth.

I happen to know BitcoinSteve was behind this transaction:
https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204

Maybe that isn't his address... This is a con job all the way.   I could be BitcoinSteve has multiple aliases.  

Either this is an epic troll ala "dubs check um" or this will become an epic thread. Either way epic thread is epic.

Oh, snap!

What kind of research classes did you take at Chemeketa Community College, Steve?

How are you doing with with your no-smoking New Year's resolution?

My prediction: By the end of the week you will have a private FB profile, but you'll still be a Blazers fan.  Unfortunately.

Must remind myself to check this thread on Friday.