Recovery?? | Bitcointalksearch.org

massivebitman

full member

Activity: 224

Merit: 100

Quote from: warpio on April 12, 2013, 02:12:30 PM

we're getting into bubble territory again already... this is exciting!

*crosses fingers for massive weekend dip selloff so I can pick up some cheap coins*

Indeed... I think this is the your last chance for cheap coins!

Come monday this thing will be surging again

lemonginger

full member

Activity: 210

Merit: 100

firstbits: 121vnq

$80 is still ridiculously overbought IMHO. I'll start buying coins to hold if we go considerably lower. Until then I just buy them when I want to use them and use them.

glub0x

legendary

Activity: 892

Merit: 1013

Quote from: ?? on ??

It's not a bubble this time, its a battlefield.

this

warpio

member

Activity: 110

Merit: 10

we're getting into bubble territory again already... this is exciting!

*crosses fingers for massive weekend dip selloff so I can pick up some cheap coins*

elux

legendary

Activity: 1458

Merit: 1006

Quote

Btccharts temp/backup site is up:

BitSlut69

newbie

Activity: 51

Merit: 0

That is as steady as BTC ever gets.

Will it hold in that same range long term? I doubt it.

ruski

full member

Activity: 350

Merit: 100

Quote from: massivebitman on April 12, 2013, 01:17:17 PM

Quote from: BitSlut69 on April 12, 2013, 01:05:41 PM

Looks to me like the bottom has been hit and we're seeing a lot of support at $70 - $80. It won't go below $50 and it will be back near $100 next week. Check back in a week, a day, whatever you like. I'm willing to bet 3 internet points.

That's what makes me believe. There's a huge amount of buy support underneath it now.

Now that the price is steady and there's a good chance you're on a loss, why would you want to sell?

The price is not steady. The price has been trading in a narrow range for less than a day. That is not "steady."

massivebitman

full member

Activity: 224

Merit: 100

Quote from: BitSlut69 on April 12, 2013, 01:05:41 PM

Looks to me like the bottom has been hit and we're seeing a lot of support at $70 - $80. It won't go below $50 and it will be back near $100 next week. Check back in a week, a day, whatever you like. I'm willing to bet 3 internet points.

That's what makes me believe. There's a huge amount of buy support underneath it now.

Now that the price is steady and there's a good chance you're on a loss, why would you want to sell?

Adrian-x

legendary

Activity: 1372

Merit: 1000

Quote from: superduh on April 12, 2013, 12:16:44 PM

mt gox is ddosed to oblivion again.

the DDos is just new users flooding in, and people refreshing the charts. Wink

massivebitman

full member

Activity: 224

Merit: 100

Quote from: Luckybit on April 12, 2013, 12:52:52 PM

Quote from: massivebitman on April 12, 2013, 12:40:31 PM

Quote from: arepo on April 12, 2013, 12:32:09 PM

Quote from: massivebitman on April 12, 2013, 12:28:50 PM

Quote from: superduh on April 12, 2013, 12:16:44 PM

mt gox is ddosed to oblivion again.

If it continues eventually the people responsible will be tracked down and put in jail.

call the cyberpolice! they dun goofd.

The hackers might think it's harmless, but there are serious penalties for what they are doing.

They may think they're smart enough to get away with it, but it's 2013, there's millions involved and it's a serious crime.

They're going to get caught.

It's not that easy to catch them. It's easier probably to just make it so they can't use the same tactics anymore. This is an arms race now.

Not easy short term, but long term ongoing attacks could be traced.

You're right it is an arms race, but I think bitcoin community has them out gunned.

It costs money to run a DDOS attack.

If Gox can defend, and other exchanges start sharing the volume, it'll be hard to manipulate the market.

BitSlut69

newbie

Activity: 51

Merit: 0

Looks to me like the bottom has been hit and we're seeing a lot of support at $70 - $80. It won't go below $50 and it will be back near $100 next week. Check back in a week, a day, whatever you like. I'm willing to bet 3 internet points.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: massivebitman on April 12, 2013, 12:40:31 PM

Quote from: arepo on April 12, 2013, 12:32:09 PM

Quote from: massivebitman on April 12, 2013, 12:28:50 PM

Quote from: superduh on April 12, 2013, 12:16:44 PM

mt gox is ddosed to oblivion again.

If it continues eventually the people responsible will be tracked down and put in jail.

call the cyberpolice! they dun goofd.

The hackers might think it's harmless, but there are serious penalties for what they are doing.

They may think they're smart enough to get away with it, but it's 2013, there's millions involved and it's a serious crime.

They're going to get caught.

It's not that easy to catch them. It's easier probably to just make it so they can't use the same tactics anymore. This is an arms race now.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: massivebitman on April 12, 2013, 12:28:50 PM

Quote from: superduh on April 12, 2013, 12:16:44 PM

mt gox is ddosed to oblivion again.

Who cares... It's teething issues with the big load, and they're fixing the problem.

I'm used to this now, and so is everyone else who has been trading.

This is a critical period for them. If they don't fix the issue other exchanges will crop up, and they know it.

They even answered my support questions in hours.

I'm confident in a recovery, and my money where my mouth is. A few days will pass and we'll see the price slowly climb again.

They can defend against the DDOS issues. If it continues eventually the people responsible will be tracked down and put in jail.

I know a lot of people out there are pessimistic.. that's fine, but for me it seems the best time to buy.

I agree with you. These sorts of hacks and techniques are routine in the stock market. The flash crash, look that up.

High frequency trading is a major problem.

yokosan

hero member

Activity: 700

Merit: 500

Quote from: massivebitman on April 12, 2013, 12:40:31 PM

Quote from: arepo on April 12, 2013, 12:32:09 PM

Quote from: massivebitman on April 12, 2013, 12:28:50 PM

Quote from: superduh on April 12, 2013, 12:16:44 PM

mt gox is ddosed to oblivion again.

If it continues eventually the people responsible will be tracked down and put in jail.

call the cyberpolice! they dun goofd.

The hackers might think it's harmless, but there are serious penalties for what they are doing.

They may think they're smart enough to get away with it, but it's 2013, there's millions involved and it's a serious crime.

They're going to get caught.

This is fucking gox we are talking about, nothing is going to happen. They don't have the physical or mental capacity.

I know this is the truth because they pretty much said it themselves on reddit...

http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dqrps

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: massivebitman on April 12, 2013, 12:14:24 PM

I've bought my coins back... I couldn't help.

The price seems to have stabilised, and there's good support now behind it.

It's time to hold again.

There's so much attention on bitcoin. everyone holding their breath, or glued to the screen like me.

Now that Gox isn't dying, and people are less afraid of gox dying. I think this is the beginning of a steady recovery!

Nothing has changed from a few days ago!! The coin is even more cool cause everyone is watching to see what happens and hoping to pickup a bargain.

Even a DDOS isn't going to shake confidence anymore. We've seen it happen a lot. The money is still there.

This is a buying opportunity for the prudent long term investor (think in years not weeks). At this prices Bitcoins are a steal because they are worth twice to three times as much. Most of the panic was the result of high frequency trading bots, DDOS, and price manipulation by hackers. The current price of Bitcoin is unknown but I don't think the value has significantly changed just because a few hackers messed with mtGox.

They are trying to kill Bitcoin. If you have money in Bitcoin you should be in the thread sharing your ideas on how to decentralize the exchanges and make Bitcoin more scaleable. If we want 20-30 million people on Bitcoin next year and all the big money then you gotta figure out how to build the infrastructure. mtGox needs an alternative. or several.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: massivebitman on April 12, 2013, 12:40:31 PM

Quote from: arepo on April 12, 2013, 12:32:09 PM

Quote from: massivebitman on April 12, 2013, 12:28:50 PM

Quote from: superduh on April 12, 2013, 12:16:44 PM

mt gox is ddosed to oblivion again.

If it continues eventually the people responsible will be tracked down and put in jail.

call the cyberpolice! they dun goofd.

The hackers might think it's harmless, but there are serious penalties for what they are doing.

They may think they're smart enough to get away with it, but it's 2013, there's millions involved and it's a serious crime.

They're going to get caught.

i really don't think you know what you're talking about...

ruski

full member

Activity: 350

Merit: 100

Quote from: massivebitman on April 12, 2013, 12:40:31 PM

The hackers might think it's harmless, but there are serious penalties for what they are doing.

They may think they're smart enough to get away with it, but it's 2013, there's millions involved and it's a serious crime.

They're going to get caught.

massivebitman

full member

Activity: 224

Merit: 100

Quote from: arepo on April 12, 2013, 12:32:09 PM

Quote from: massivebitman on April 12, 2013, 12:28:50 PM

Quote from: superduh on April 12, 2013, 12:16:44 PM

mt gox is ddosed to oblivion again.

If it continues eventually the people responsible will be tracked down and put in jail.

call the cyberpolice! they dun goofd.

The hackers might think it's harmless, but there are serious penalties for what they are doing.

They may think they're smart enough to get away with it, but it's 2013, there's millions involved and it's a serious crime.

They're going to get caught.

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: BitcoinAshley on April 12, 2013, 12:38:35 PM

It's funny because the people complaining about GOX manipulating the market by slowing new coin deposits are the people who are stupid enough to still be using GOX after all this mess

Grin

You people are just so funny! Roll Eyes

+1

BitcoinAshley

sr. member

Activity: 448

Merit: 250

It's funny because the people complaining about GOX manipulating the market by slowing new coin deposits are the people who are stupid enough to still be using GOX after all this mess

Grin

You people are just so funny! Roll Eyes

Topic: Recovery?? (Read 2214 times)