We are going up.
Then down, then up, then down, then down, then up, then down, then up, up, up.
Looks like you’re reading the script from a porno movie.
Topic: Price held up pretty good in the latest fiasco? (Read 3539 times)
Then down, then up, then down, then down, then up, then down, then up, up, up.
Looks like you’re reading the script from a porno movie.
We are going up.
Then down, then up, then down, then down, then up, then down, then up, up, up.
Looks like you’re reading the script from a porno movie.
We are going up.
Then down, then up, then down, then down, then up, then down, then up, up, up.
We are going up.
And if MtGox gets hacked? Or targeted by law?
I'm not going to answer the "hacked" part of your question (mtgox was hacked already), but the "targeted by law".
Bitcoin is currently legal in the countries that protect free speech and trade.
Changing the law in these countries is a long and complicated process, that tends to spark public debates.
And if you want to stop Bitcoin, a public debate is the last thing you want.
If they want to stop Bitcoin, banks and governments are more likely to use existing anti-money laundering laws.
What they can do with these laws is limited. They can target exchanges that rely on bank accounts, such as MtGox.
However, there is nothing they can do against semi-centralized exchanges such as bitcoin.de or bitcoin-otc.
Targeting MtGox with anti-money laundering laws will have zero impact as MtGox already follows anti-money laundering laws.
And if MtGox gets hacked? Or targeted by law?
That would be interesting to watch in terms of what kind of a price-finding mechanism would take over.
However, there is nothing they can do against semi-centralized exchanges such as bitcoin.de or bitcoin-otc.
Which would severely cripple the demand and therefore price (convenience, accessibility, liquidity) if people had to resort to these options …I'm using them ever TH cut off SEPA, they work great (bitmarket) in my case, also absolutely free of charge. People would just need to spread out their business a bit more. Don't get this obsession with a central quasi monopolized market like Gox anyhow!
However, there is nothing they can do against semi-centralized exchanges such as bitcoin.de or bitcoin-otc.
Which would severely cripple the demand and therefore price (convenience, accessibility, liquidity) if people had to resort to these options … 
And if MtGox gets hacked? Or targeted by law?
I'm not going to answer the "hacked" part of your question (mtgox was hacked already), but the "targeted by law".
Bitcoin is currently legal in the countries that protect free speech and trade.
Changing the law in these countries is a long and complicated process, that tends to spark public debates.
And if you want to stop Bitcoin, a public debate is the last thing you want.
If they want to stop Bitcoin, banks and governments are more likely to use existing anti-money laundering laws.
What they can do with these laws is limited. They can target exchanges that rely on bank accounts, such as MtGox.
However, there is nothing they can do against semi-centralized exchanges such as bitcoin.de or bitcoin-otc.
And if MtGox gets hacked? Or targeted by law?
I think this is the next big thing to watch out for. A wrong move from government or law enforcement, and BOOM there goes the bitcoin price.
Not sure it would be such a huge impact as one might believe if for example crypto exchange could take over after a while, its not like it used to be.
And if MtGox gets hacked? Or targeted by law?
I think this is the next big thing to watch out for. A wrong move from government or law enforcement, and BOOM there goes the bitcoin price.
Wait, which way do you think it's going to go?
I'm pretty sure he meant down.
Yes, I meant down.
...or if MtGox would have to be boycotted for stealing innocent people's coin. I hope they won't dare though.
And if MtGox gets hacked? Or targeted by law?
I think this is the next big thing to watch out for. A wrong move from government or law enforcement, and BOOM there goes the bitcoin price.
Wait, which way do you think it's going to go?
I'm pretty sure he meant down.
And if MtGox gets hacked? Or targeted by law?
I think this is the next big thing to watch out for. A wrong move from government or law enforcement, and BOOM there goes the bitcoin price.
Wait, which way do you think it's going to go?
And if MtGox gets hacked? Or targeted by law?
I think this is the next big thing to watch out for. A wrong move from government or law enforcement, and BOOM there goes the bitcoin price.
And if MtGox gets hacked? Or targeted by law?
Boom, headshot.
And if MtGox gets hacked? Or targeted by law?
"bitcoin is already to big for panicking only cause some major exchange/speculation venture got hacked." <- i now say this with confidence
A savvy criminal would release them slowly through a tumbler over a period of months to purposely keep the exchange rate from being effected and reap the maximum reward. A criminal genius would hold them for years and retire on the wealth.
$200k can give you a pretty nice retirement for life in Thailand, India or the like.
BTC 40k can give you a pretty nice retirement on mars.
Give it time. The price will slowly degrade in my opinion. 50K of BTC needs to be laundered and
sold. Even if the first sale is not on GOX.. those coins, over time, will arrive there and be sold.
sold. Even if the first sale is not on GOX.. those coins, over time, will arrive there and be sold.
If bitcoinica is buying the same amount, then those will cancel each other out ?
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