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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29265. (Read 26611151 times)

hero member
Activity: 574
Merit: 500
This market seems un naturally strong right now.. the Chinese news in Dec was not as bad IMO.

Are people buying cause they think there is nearly 1/12 th of btc missing from the market possibly spread across hackers or one thief.


I also think current lows we're achieved by people pricing in a failure of gox.
sr. member
Activity: 462
Merit: 250
wow there's some serious shopping going on at stamp. Crazy day, Crazy day...
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
I am amazed that we didn't set record lows while I slept.

I am also equally amazed that gox is stupid enough to not be the first person to put out the statement related to their own situation. I imagine they have their heads stuck in the sand.

the PR on mtgox has been so horrible for so long, I am never surprised at the idiocy there.

750k coins gone however? That requires a new level of retardation.

hero member
Activity: 605
Merit: 500
I sodl at the bottom Cry damn my lack of faith

damn brother, how come?

the FUD....it got to me. And like many here, I was never rich, buying a few bitcoins a long time ago before these two huge bubbles has squashed my ability to remain rational.

edit: let this be a lesson to you all - HODL

At least don't sell while it's going down a lot. I first bought in near the top of the April rally.. but when it crashed I never sold.
I was in the red from then all the way to the China rally, so about half a year. Either go in with full faith in the long term, or stay out.

I did sell for a nice profit at $960 though. I'm not against shorting, but you need to know what you're doing.

Nicely done. I sold 90% @ $180 when it was dropping. Never bought back in because I didn't believe it would rise so quickly. Missed out on $1200. Then I made a desperation move and sold my last 10% @ $860 on Mtgox when it was dropping. Made another gutsy move and bought int at $700 and sold at $1000. But if I had just held all the way until $1200. I still think about that.

I think of the time when I could of invested in buying coins instead of buying mining equipment from BFL..! Ahhhhh...
full member
Activity: 216
Merit: 100
RicePicker
Nom Nom Nom... Walls are getting eaten like crazy.
sr. member
Activity: 476
Merit: 250
I sodl at the bottom Cry damn my lack of faith

damn brother, how come?

the FUD....it got to me. And like many here, I was never rich, buying a few bitcoins a long time ago before these two huge bubbles has squashed my ability to remain rational.

edit: let this be a lesson to you all - HODL

At least don't sell while it's going down a lot. I first bought in near the top of the April rally.. but when it crashed I never sold.
I was in the red from then all the way to the China rally, so about half a year. Either go in with full faith in the long term, or stay out.

I did sell for a nice profit at $960 though. I'm not against shorting, but you need to know what you're doing.

Nicely done. I sold 90% @ $180 when it was dropping. Never bought back in because I didn't believe it would rise so quickly. Missed out on $1200. Then I made a desperation move and sold my last 10% @ $860 on Mtgox when it was dropping. Made another gutsy move and bought int at $700 and sold at $1000. But if I had just held all the way until $1200. I still think about that.

Thanks. I will admit though that I could've made more money.. I may not have sold Bitcoin during a crash.. but I did sell Megacoin.. I could have about 50 btc more than I do now if I hadn't done that... same goes for selling many of my NXT too early, could've made 5x more there.
legendary
Activity: 1148
Merit: 1018
LMFAO

Double bottom? 380, 400.

I know that I'm wiring money like crazy to both Kraken and Bitstamp. There will probably be a shitstorm on the media, noobs will panic sell, I expect blood on the streets and thus for me the time has arrived to go *very* long.
Well, in a way it would certainly make sense. We always thought those 750k BTC fake balances existed. Not so!

I lost you there - which 750k BTC fake balances?
hero member
Activity: 504
Merit: 500
1NtkLdA98eGnsn8nEKpBGRd2VYGNBkGzd6
How come all the core devs etc use the child forum reddit? Wouldn't it be better to post here?

The Bitcoin Subred ist quiet mature. You can't just tell reddit if full of children.
the Dogecoin subred is much much more childish, but Bitcoin is definitely not.
N12
donator
Activity: 1610
Merit: 1010
LMFAO

Double bottom? 380, 400.

I know that I'm wiring money like crazy to both Kraken and Bitstamp. There will probably be a shitstorm on the media, noobs will panic sell, I expect blood on the streets and thus for me the time has arrived to go *very* long.
Well, in a way it would certainly make sense. We always thought those 750k BTC fake balances existed. Not so!
hero member
Activity: 574
Merit: 500
I am amazed that we didn't set record lows while I slept.

I am also equally amazed that gox is stupid enough to not be the first person to put out the statement related to their own situation. I imagine they have their heads stuck in the sand.
hero member
Activity: 577
Merit: 500
Jesus was a (Goddamn) hippy socialist
I know that I'm wiring money like crazy to both Kraken and Bitstamp. There will probably be a shitstorm on the media, noobs will panic sell, I expect blood on the streets and thus for me the time has arrived to go *very* long.

not a bad time to have fiat parked on Stamp    Grin Grin Grin Grin Grin Grin
legendary
Activity: 1148
Merit: 1018
LMFAO

Double bottom? 380, 400.

I know that I'm wiring money like crazy to both Kraken and Bitstamp. There will probably be a shitstorm on the media, noobs will panic sell, I expect blood on the streets and thus for me the time has arrived to go *very* long.
hero member
Activity: 700
Merit: 500
I sodl at the bottom Cry damn my lack of faith

damn brother, how come?

the FUD....it got to me. And like many here, I was never rich, buying a few bitcoins a long time ago before these two huge bubbles has squashed my ability to remain rational.

edit: let this be a lesson to you all - HODL

At least don't sell while it's going down a lot. I first bought in near the top of the April rally.. but when it crashed I never sold.
I was in the red from then all the way to the China rally, so about half a year. Either go in with full faith in the long term, or stay out.

I did sell for a nice profit at $960 though. I'm not against shorting, but you need to know what you're doing.

Nicely done. I sold 90% @ $180 when it was dropping. Never bought back in because I didn't believe it would rise so quickly. Missed out on $1200. Then I made a desperation move and sold my last 10% @ $860 on Mtgox when it was dropping. Made another gutsy move and bought int at $700 and sold at $1000. But if I had just held all the way until $1200. I still think about that.
sr. member
Activity: 476
Merit: 250
I sodl at the bottom Cry damn my lack of faith

damn brother, how come?

the FUD....it got to me. And like many here, I was never rich, buying a few bitcoins a long time ago before these two huge bubbles has squashed my ability to remain rational.

edit: let this be a lesson to you all - HODL

At least don't sell while it's going down a lot. I first bought in near the top of the April rally.. but when it crashed I never sold.
I was in the red from then all the way to the China rally, so about half a year. Either go in with full faith in the long term, or stay out.

I did sell for a nice profit at $960 though. I'm not against shorting, but you need to know what you're doing.
hero member
Activity: 700
Merit: 500
Until a statement has been released by gox\mtgox, everything is still up in the air.

^This! It's a slim chance, but it's there.
N12
donator
Activity: 1610
Merit: 1010
full member
Activity: 182
Merit: 100
How come all the core devs etc use the child forum reddit? Wouldn't it be better to post here?

Not sure if this has been posted already, but Erik Voorhees has put a statement out on Reddit:

http://www.reddit.com/r/Bitcoin/comments/1yv6ph/some_words_for_my_friends/

Quote
Hello friends,
MtGox is gone. So let's prepare ourselves.
On Tuesday, and for the rest of the week, all hell will break lose in the media. It will be blamed on MtGox, it will be blamed on Bitcoin, it will be blamed on the "bug," and it will, more than anything, be blamed on the "lack of regulation." Pundits and "experts" of all types will weigh in on the calamity. It will be world news in a matter of hours.
Get ready, because it will be an ugly week.
For all of you who lost money, my heart goes out to you. Some people lost a little, some lost a fortune. It will make people sick, and depressed, and full of grief. Personally, I had over 550 BTC in Gox. I will never get any of that back. If misery loves company, then we'll be enjoying a grand feast today.
I should have known better, of course. I take responsibility for leaving those funds with an entity that had proven incompetence repeatedly. I chose to ignore even my own warnings, for nothing more than the sake of convenience.
Gox is still at fault, to be sure, but I have learned the lesson. I hope it is not such an expensive lesson for others. And for all you observers, please take a moment to consider it as well.
Be mindful, however, that the wrong lessons are not learned, for that would be the true tragedy, indeed.
Let me suggest that the lesson is not that Bitcoin is broken. Bitcoin is fine.
Similarly, the lesson is not that security is impossible. Those who know what they are doing, can achieve it and help others to do so.
The lesson is not that nobody can be trusted. There are countless good men and women in this community who are worthy of trust, and some of the very best people I've ever met.
And finally, the lesson is not that we ought to seek out "regulation" to save us from the evils and incompetence of man. For the regulators are men too, and wield the very same evil and incompetence, only enshrined in an authority from which it can wreck amplified and far more insidious destruction. Let us not retreat from our rising platform only to cower back underneath the deranged machinations of Leviathan.
The proper lesson, if I may suggest, is this: We are building a new financial order, and those of us building it, investing in it, and growing it, will pay the price of bringing it to the world. This is the harsh truth. We are building the channels, the bridges, and the towers of tomorrow's finance, and we put ourselves at risk in doing so.
We are at risk from accidents. We are at risk from fraud, from corruption, and from evil. We are at risk from journalists seeking headlines and from politicians seeking power and glory. We are at risk from the very market we are trying to build - a market which cares not about our portfolio, our ambitions, or our delicate sympathies.
For all these risks, devastation will befall us repeatedly. Some of us will be discouraged. Some will be ridiculed and insulted. Some will be tricked, or swindled. Some of us will be crushed or caged. We will be set upon by all manner of antagonists, repeatedly, for a long time.
So why do we do it? Why do we build these towers that fall down upon us? Why do we toil and strain and risk our precious time, which is the only real wealth we possess?
Because the world needs what we're building. It needs it desperately. If that matters to you, as it does to me, then hold to that thought. You will see through the smoke, and your wounds will heal.
So shake it off, brothers, for this won't be the last calamity endured before the win.
Tonight, my heart is with you all.
Tomorrow, my head is down. My eyes are open. And I am building.
Toward peace and freedom,
-Erik Voorhees
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!


You, sir, deserve my respect. Life and drama without laughs worth nothing.
full member
Activity: 153
Merit: 100
Until a statement has been released by gox\mtgox, everything is still up in the air.
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