they were buying low, selling high
I guess they're selling real low now
Topic: Is it safe to say we survived the Goxxing? - page 2. (Read 1977 times)
I guess they're selling real low now
I still baffles my mind how people in their right mind would dare to store that much on an exchange..
The first thing I learned in bitcoin after 30 minutes of researching was to store your own coins offline.
To store them online just wasn't enough, I mean if you just insisted to store your coins online, you could choose bitstamp/blockchain, even btc-e.. But an exchange with $5m seized by DHS, $50m class action lawsuit AND 22 months withdrawal time..
How is that not screaming red flags?
People are stupid.
The first thing I learned in bitcoin after 30 minutes of researching was to store your own coins offline.
To store them online just wasn't enough, I mean if you just insisted to store your coins online, you could choose bitstamp/blockchain, even btc-e.. But an exchange with $5m seized by DHS, $50m class action lawsuit AND 22 months withdrawal time..
How is that not screaming red flags?
People are stupid.
You have to think they were not all just storing their coins, they were buying low, selling high, rinse and repeat.
Considering all the other exchanges "crashed" to about $500-600 levels, I'd say that is a sign of the strength of BTC. But I dont think 800k coins being stolen is raising demand. They will eventually make their way back into circulation, unless you think the thieves were stealing them to specifically take them out of circulation.
Not to take them out, but that much money you would not want to spend them for a while, a lot of moving around would be smart. 480 million, spending 5 million spinning and hiding its trace would be smart.
I still baffles my mind how people in their right mind would dare to store that much on an exchange..
The first thing I learned in bitcoin after 30 minutes of researching was to store your own coins offline.
To store them online just wasn't enough, I mean if you just insisted to store your coins online, you could choose bitstamp/blockchain, even btc-e.. But an exchange with $5m seized by DHS, $50m class action lawsuit AND 22 months withdrawal time..
How is that not screaming red flags?
People are stupid.
The first thing I learned in bitcoin after 30 minutes of researching was to store your own coins offline.
To store them online just wasn't enough, I mean if you just insisted to store your coins online, you could choose bitstamp/blockchain, even btc-e.. But an exchange with $5m seized by DHS, $50m class action lawsuit AND 22 months withdrawal time..
How is that not screaming red flags?
People are stupid.
Survived as a collective but the individual sacrifices were great.
The people who gambled and lost knew the risks. They'll come back stronger.
The people who gambled and lost knew the risks. They'll come back stronger.
Considering all the other exchanges "crashed" to about $500-600 levels, I'd say that is a sign of the strength of BTC. But I dont think 800k coins being stolen is raising demand. They will eventually make their way back into circulation, unless you think the thieves were stealing them to specifically take them out of circulation.
Well you have to think 800k coins were stolen meaning demand just went up, and the coins keeping the prices where they are are still on those exchanges.
I'm probably speaking too soon, but I love the signs!
Not even Warren Buffett denouncing Bitcoin as a currency can get me down.
Not even Warren Buffett denouncing Bitcoin as a currency can get me down.
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