There's $23m+ on stamp's order book. where did that come from? i find it hard to believe all the people that got goxed that want to buy coins again sent their fiat to stamp so quickly.
2 da moooooon
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29193. (Read 26608259 times)
February 26, 2014, 01:48:59 PM
2 da moooooon
February 26, 2014, 01:47:27 PM
Ofcourse the usercount is going to become more stable in future, at some point the market is going to become saturated and the amount of new users getting into bitcoin each day will start to decrease until we reach a stable base. The usercount can't increase linearly or exponentially forever, I'm sure you would have to agree with that as well. So the increase in usercount will slow down as well as the amount of new coins and thus we are going to reach a state of equilibrium eventually. It's just a matter of time.
I don't see it like that.
The nature of bitcoin itself keeps any stability from forming when taking into account the price and the amount of users. The main thing (almost the only thing) that attracts people to bitcoin, are promises, that if they buy now, then they can sell later with a lot higher price. That creates this situation where stability is impossible because as soon as the situation becomes stable, then people won't get what they came for and they will start selling/leaving.
Bitcoin has to be either on a rise or dropping, there is no stable middle ground.
The fundamental flaw here is that a currency shouldn't be attractive as an speculative investment. It ruins the stability, and stability is the main quality of an good currency. A currency should be unattractive as an investment, so it will only be used to transfer wealth and not be considered as a source of wealth by itself.
Orly? Tell that to Forex traders who speculate in every single currency in the world.
Not that I disagree with you, but comparing BTC trading to the FX market is silly, even if as just a rebuttal to Miz4's last line.
February 26, 2014, 01:46:57 PM
I knew it, am I the only one who got this ? how many of you out there who got the same e-mail ?
Here. Never open attachments if the mail is money related. I get a handful phishing mails from Paypal, BTC-E, my bank, etc every week.
Get yourself a virtualmachine to browse/mail in order to avoid trojans and other crap. Works like a charm.
February 26, 2014, 01:46:34 PM
If people without Gox accounts receiving suggests it's not a Gox database hack.
February 26, 2014, 01:46:25 PM
2012 called, he wants his "bitcoin will never be a serious currency" argument back. Markets need buyers and sellers. Price discovery, liquidity, market makers, all that.
Well, what was true in 2012 is true now. Not much has changed in bitcoin structure that would make this argument obsolete.
Yes, markets needs buyers, sellers etc. It's hard to understand what you're trying to say with that. It certainly isn't a counter-argument to currency needing stability and bitcoin being unable to offer it.
I assume more buyers and sellers create a more stable price. You should have been here last year when a few hundred coin dump could take the market lower significantly. We've come a ways since then.
February 26, 2014, 01:44:15 PM
Ofcourse the usercount is going to become more stable in future, at some point the market is going to become saturated and the amount of new users getting into bitcoin each day will start to decrease until we reach a stable base. The usercount can't increase linearly or exponentially forever, I'm sure you would have to agree with that as well. So the increase in usercount will slow down as well as the amount of new coins and thus we are going to reach a state of equilibrium eventually. It's just a matter of time.
I don't see it like that.
The nature of bitcoin itself keeps any stability from forming when taking into account the price and the amount of users. The main thing (almost the only thing) that attracts people to bitcoin, are promises, that if they buy now, then they can sell later with a lot higher price. That creates this situation where stability is impossible because as soon as the situation becomes stable, then people won't get what they came for and they will start selling/leaving.
Bitcoin has to be either on a rise or dropping, there is no stable middle ground.
The fundamental flaw here is that a currency shouldn't be attractive as an speculative investment. It ruins the stability, and stability is the main quality of an good currency. A currency should be unattractive as an investment, so it will only be used to transfer wealth and not be considered as a source of wealth by itself.
Orly? Tell that to Forex traders who speculate in every single currency in the world.
February 26, 2014, 01:43:49 PM
2012 called, he wants his "bitcoin will never be a serious currency" argument back. Markets need buyers and sellers. Price discovery, liquidity, market makers, all that.
Well, what was true in 2012 is true now. Not much has changed in bitcoin structure that would make this argument obsolete.
Yes, markets need buyers, sellers etc. It's hard to understand what you're trying to say with that. It certainly isn't a counter-argument to currency needing stability and bitcoin being unable to offer it.
February 26, 2014, 01:43:04 PM
I dont know if anyone of you got this, and I dont know if this is legit ( I didnt open the attachment yet)
Got it too. MTGox email db was compromised or something?
SCAM
Oh jesus, if this proves true... Prepare our anus
Scam....do not open attachment. My buddy received that email and has never even had a Gox account...
February 26, 2014, 01:42:09 PM
Bitcoin is a cult. Confirmed.
This user is currently ignored.
Confirmed.
February 26, 2014, 01:41:58 PM
There's $23m+ on stamp's order book. where did that come from? i find it hard to believe all the people that got goxed that want to buy coins again sent their fiat to stamp so quickly.
February 26, 2014, 01:41:54 PM
Is bitcoin a cult?
http://www.forbes.com/sites/petercohan/2014/02/26/is-bitcoin-an-investment-or-a-cult/
CONFIRMED.
http://www.forbes.com/sites/petercohan/2014/02/26/is-bitcoin-an-investment-or-a-cult/
CONFIRMED.
lol
Quote
Bitcoin – the online currency used to buy Alpaca wool socks and illegal drugs whose value dropped from $17.50 to “pennies” after a June 19 hack into its currency exchanger, Mt.Gox –has gotten plenty of media attention
http://www.forbes.com/sites/petercohan/2011/06/28/can-bitcoin-survive-is-it-legal/
February 26, 2014, 01:41:41 PM
It IS 100% Windows malware, that's a fact. No speculation or assumption.
February 26, 2014, 01:41:36 PM
I dont know if anyone of you got this, and I dont know if this is legit ( I didnt open the attachment yet)
in the german forum they say it is a scam, do not open attachment.
Ich bin gegen 22Uhr daheim und kann dann bild reinstellen.
Enail kam von [email protected] und der link zum pdf verwaist auf http://deseobc.com/style/imports/mtgox/?PaperMtgox.pdf
@Edit: kann das einer von euch mal prüfen ? Bin aktuell noch mobil unterwegs
Habs gezogen. Der DL-Link liefert ein .rar-Archiv aus, entpackt man dies, ist dort (ein) Standard-Windows-Malware(-Dropper) drin. Enail kam von [email protected] und der link zum pdf verwaist auf http://deseobc.com/style/imports/mtgox/?PaperMtgox.pdf
@Edit: kann das einer von euch mal prüfen ? Bin aktuell noch mobil unterwegs
Die entpackte Malware-Datei ist im .scr-Format, also diesem binären Windows Bildschirmschonerformat zur Verschleierung ihrer Ausführbarkeit. Naja, auch schon 100 Jahre alt der Trick.
Die Malware ist nicht mal richtig gecrypted und wird sogar von Anti-Virus-Software erkannt. Siehe, folgende Analyse zum Download:
https://www.virustotal.com/de/file/da830f7ac2455295e0c8aa11f3a3092989c3e4b887f0fcffd510fc783771ab13/analysis/
Standard, lamer Kram.
I knew it, am I the only one who got this ? how many of you out there who got the same e-mail ?
February 26, 2014, 01:40:31 PM
Bitcoin is a cult. Confirmed.
February 26, 2014, 01:39:03 PM
I dont know if anyone of you got this, and I dont know if this is legit ( I didnt open the attachment yet)
in the german forum they say it is a scam, do not open attachment.
Ich bin gegen 22Uhr daheim und kann dann bild reinstellen.
Enail kam von [email protected] und der link zum pdf verwaist auf http://deseobc.com/style/imports/mtgox/?PaperMtgox.pdf
@Edit: kann das einer von euch mal prüfen ? Bin aktuell noch mobil unterwegs
Habs gezogen. Der DL-Link liefert ein .rar-Archiv aus, entpackt man dies, ist dort (ein) Standard-Windows-Malware(-Dropper) drin. Enail kam von [email protected] und der link zum pdf verwaist auf http://deseobc.com/style/imports/mtgox/?PaperMtgox.pdf
@Edit: kann das einer von euch mal prüfen ? Bin aktuell noch mobil unterwegs
Die entpackte Malware-Datei ist im .scr-Format, also diesem binären Windows Bildschirmschonerformat zur Verschleierung ihrer Ausführbarkeit. Naja, auch schon 100 Jahre alt der Trick.
Die Malware ist nicht mal richtig gecrypted und wird sogar von Anti-Virus-Software erkannt. Siehe, folgende Analyse zum Download:
https://www.virustotal.com/de/file/da830f7ac2455295e0c8aa11f3a3092989c3e4b887f0fcffd510fc783771ab13/analysis/
Standard, lamer Kram.
February 26, 2014, 01:38:50 PM
User count is going to stabilize at some point, and will become lower than the actual BTC inflation rate. I see no reason why that wouldn't lead to price stability (not in USD terms perhaps but that's because USD is actually not stable at all).
It's hard to believe that the usercount will stop and stay stable. In my idea, it will more probably either increase or decrease.
But what remains the same is that the inflow of new coins will slow down and get more expensive.
All of it combined will keep bitcoin far away from stability.
Good news for day traders.
Yeah, exactly! Most of the people are here because they are interested in buying low and selling high, so they can make a easy buck. People aren't here because bitcoin is a practical currency for everyday use. It's all good fun, but bitcoin can't become a serious financial tool because of that.
But, I think that the idea of open sourced and transparent monetary system, that is supported by the internet, is very important and it is the future. Bitcoin is just financially too simplistic to do the job. Something more complex has to be made to create a practical currency, that follows the same open source rules of transparency.
2013 called, he wants his "bitcoin will never be a serious currency" argument back. Markets need buyers and sellers. Price discovery, liquidity, market makers, all that. We're still in a volatile pre-IPO-like phase, one that is traditionally not available to regular investors. I'm thinking longer term.
February 26, 2014, 01:38:31 PM
Next announcement:
Our database, which included everybody's login/pass and ID docs, has been compromised. I didn't sell this information, seriously. Sorry, again. -Mark
Really regretting ever opening an account there... even though I never traded there. Our database, which included everybody's login/pass and ID docs, has been compromised. I didn't sell this information, seriously. Sorry, again. -Mark
February 26, 2014, 01:37:49 PM
I dont know if anyone of you got this, and I dont know if this is legit ( I didnt open the attachment yet)
Got it too. MTGox email db was compromised or something?
SCAM
Oh jesus, if this proves true... Prepare our anus
February 26, 2014, 01:36:12 PM
Next announcement:
Our database, which included everybody's login/pass and ID docs, has been compromised. I didn't sell this information, seriously. Sorry, again. -Mark
Our database, which included everybody's login/pass and ID docs, has been compromised. I didn't sell this information, seriously. Sorry, again. -Mark
February 26, 2014, 01:36:02 PM
I dont know if anyone of you got this, and I dont know if this is legit ( I didnt open the attachment yet)
Got it too. MTGox email db was compromised or something?
SCAM
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