It's time to buy bitcoins...too bad you can't transfer them off of mt GOX it's hitting close to $400 there
You CAN still buy them there, if you want to trust them with your $!! and don't want to be able to widthdraw your BTC any time soon (or ever IMHO!). 
Topic: Someone is trying to intentionally tank Bitcoin price - page 2. (Read 6442 times)
If that's the case, just take advantage of this situation as a buying opportunity!
It's time to buy bitcoins...too bad you can't transfer them off of mt GOX it's hitting close to $400 there
This is exactly why btc are almost $200 cheaper at Mt Gox than everywhere else
The answer is way to obvious.... OP....
That someone is a fat fuck that slaughtered all the greedy pigs.
That someone is a fat fuck that slaughtered all the greedy pigs.
where the fuck can I buy bitcoins when they drop so low? Someone please PM me!!!
Bitcoin is a top-down system with a final boss. Good day.
Like Apple?
Bitcoin will rise like the Phoenix in the coming weeks. The new bottom has been found and now people will be ready to invest in it. so many of the people I know, that trade commodities, say this needed to happen before they got in. I think we will be stronger because of this and see it back to $1k in a few months. May have to adjust my guess of $1650 year end price that I made on New Years Day.
time to load up boys!!
Bitcoin is a top-down system with a final boss. Good day.
BitcoinSteve was behind this. He predicted the crash on Monday:
https://bitcointalksearch.org/topic/huge-plummet-tomorrow-457615
https://bitcointalksearch.org/topic/huge-plummet-tomorrow-457615
sigh... my father says this about precious metals, that there are 'hidden hands' suppressing the price. No, it's called supply and demand. When 2% of the users hold 60% of the bitcoins something like this is always a possibility. Forget the fact that major exchanges aren't doing withdraws right now.
Yes it's being manipulated. I'll humor you and tell you what you want to hear. Everyone should just hold so it goes to $10,000 and we all live happily ever after. The end.
I want my $100 per coin price so I have a vested interest in watching it go down. Everyone should want it to go down... the lower it goes and the more of the coin gets out of these bitcoin millionaires the better the base we will establish. People who got in at $1000 for the first time... sucks to be you.. that's life... you bought during a bubble. Live with it.
Yes it's being manipulated. I'll humor you and tell you what you want to hear. Everyone should just hold so it goes to $10,000 and we all live happily ever after. The end.
I want my $100 per coin price so I have a vested interest in watching it go down. Everyone should want it to go down... the lower it goes and the more of the coin gets out of these bitcoin millionaires the better the base we will establish. People who got in at $1000 for the first time... sucks to be you.. that's life... you bought during a bubble. Live with it.
So you agree with the title of this thread then, that "Someone is trying to intentionally tank Bitcoin price". I rest my case.
It is not important who, or why. Just that they are.
It is not important who, or why. Just that they are.
Of course it is being manipulated! Why wouldn't it be?
The title of this thread is "Someone is trying to intentionally tank Bitcoin price".
That assertion is absolutely correct, and it has been happening for weeks. Massive DDoS attacks on most pools, most exchanges, and now an ongoing "Transaction Malleability" attack. It is clear that someone from the other side is not happy about the existence of Bitcoin.
This is not just the "nature of the Bitcoin market" as Holliday puts it.
This is not just the "nature of stock/commodity/currency speculation" as Bitcoin_is_here_to_stay puts it.
This is an attack, a multimillion dollar attack, lots of hardware, lots of skilled people, lots of hate.
Now the question is "what are we going to do about it?".
That assertion is absolutely correct, and it has been happening for weeks. Massive DDoS attacks on most pools, most exchanges, and now an ongoing "Transaction Malleability" attack. It is clear that someone from the other side is not happy about the existence of Bitcoin.
This is not just the "nature of the Bitcoin market" as Holliday puts it.
This is not just the "nature of stock/commodity/currency speculation" as Bitcoin_is_here_to_stay puts it.
This is an attack, a multimillion dollar attack, lots of hardware, lots of skilled people, lots of hate.
Now the question is "what are we going to do about it?".
We can do nothing as of now ,the DDOS, attack is not the problem, but MtGox/Bitstamp halting withdraw is.
People just want their money back, so they sell to withdraw fiat, the price of MtGox/Bitstamp goes down, then other exchanges have to follow because of the arbitraging.
As soon as they resume withdraw, the price will go back to at least 600. Now the question is when?
The market is panic because Mtgox and Bitcoin Foundation cannot provide a time table when to fix it, if current situation last for 1 week more, then we will see price $100...
This is not just the "nature of the Bitcoin market" as Holliday puts it.
Clearly you haven't been involved with Bitcoin for enough time. More often than not, someone is intentionally trying to tank the Bitcoin exchange rate. Therefor, it's simply the nature of the Bitcoin market.
Ok, who let pirateat40 out of his metal playpen with barbed wire fence?
Not necessarily. It could just as easily be someone who loves bitcoins, and is ready to buy a bunch at a great price. I for one am loving the price drop. It's allowing me to stock up on more bitcoins!
So you agree with the title of this thread then, that "Someone is trying to intentionally tank Bitcoin price". I rest my case.It is not important who, or why. Just that they are.
BitcoinSteve is behind this.
Whoever it is "is fully resourced". There have been many attacks as Holliday points out, but this one is different.This is not your usual 51% attack (attempt to double spend). This one is designed to disrupt the network.
That requires specialist knowledge and lots of very expensive hardware. This part is different.
BitcoinSteve has every resource imagineable at his immediate disposal.
BitcoinSteve was definitely behind this.
BitcoinSteve is behind this.
Whoever it is "is fully resourced". There have been many attacks as Holliday points out, but this one is different.This is not your usual 51% attack (attempt to double spend). This one is designed to disrupt the network.
That requires specialist knowledge and lots of very expensive hardware. This part is different.
The title of this thread is "Someone is trying to intentionally tank Bitcoin price".
That assertion is absolutely correct, and it has been happening for weeks. Massive DDoS attacks on most pools, most exchanges, and now an ongoing "Transaction Malleability" attack.
That assertion is absolutely correct, and it has been happening for weeks. Massive DDoS attacks on most pools, most exchanges, and now an ongoing "Transaction Malleability" attack.
Yes!
It is clear that someone from the other side is not happy about the existence of Bitcoin.
Not necessarily. It could just as easily be someone who loves bitcoins, and is ready to buy a bunch at a great price. I for one am loving the price drop. It's allowing me to stock up on more bitcoins!
BitcoinSteve is behind this.
This is not just the "nature of the Bitcoin market" as Holliday puts it.
Clearly you haven't been involved with Bitcoin for enough time. More often than not, someone is intentionally trying to tank the Bitcoin exchange rate. Therefor, it's simply the nature of the Bitcoin market.
One single incident does not make it the nature of something.
This attack (transaction malleability) has only ever happened once. Many other attacks have happened over and over again since the beginning of Bitcoin.
No one is tanking BTC.
The attacks the very real, obviously you have no BTC to withdraw and cannot appreciate what that means.When the movement of money is impeded, the value drops. When the movement ceases, it usually destroys all value.
Think "Great Depression"
http://en.wikipedia.org/wiki/Great_Depression
(I really can't help you if you don't understand economics)
This is not just the "nature of the Bitcoin market" as Holliday puts it.
Clearly you haven't been involved with Bitcoin for enough time. More often than not, someone is intentionally trying to tank the Bitcoin exchange rate. Therefor, it's simply the nature of the Bitcoin market.
One single incident does not make it the nature of something.
Bitcoin is for using as a medium of trade
That cannot happen while the network is suffering from a "Transaction Malleability" attack. Jump to: