Second wave of dumping on stamp?
Meh not really, panic seems over...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29857. (Read 26710299 times)
February 10, 2014, 07:10:55 AM
Meh not really, panic seems over...
February 10, 2014, 07:10:27 AM
Headlines: Bitcoin loses 84% of it's value in 15 minutes as a critical bug is discovered.
Fuck you gox!
Fuck you gox!
February 10, 2014, 07:10:09 AM
CRASHING BACK ON GOX !!! GOING 400 this time !!
February 10, 2014, 07:09:56 AM
Imagine if bitcoin actually "dominated fiat currency" and became a global finance leader for banks etc. like the bulls dream of, and then shit like this happens. No way...
If bitcoin was a global finance leader as you say , do you think people like the clowns at mtgox would still be in charge of 20% of the trade?
+1
February 10, 2014, 07:09:53 AM
Bitcoin is BROKEN. We are DOOMED.
Flaw and proposed fix by developer:
https://gist.github.com/sipa/8907691
Flaw and proposed fix by developer:
https://gist.github.com/sipa/8907691
February 10, 2014, 07:09:52 AM
Has there been a response from any of the developers?
Yes:
http://www.cryptocoinsnews.com/2014/02/10/mt-gox-blames-bitcoin-core-developer-greg-maxwell-responds/
so this isnt bullish nor bearish?
it's bullish in that bitcoin isn't broken, and bearish in that it suggests that gox are hiding something.
Gox appear to be attempting to blame poor coding in their own wallet software on the blockchain coding, rather than accepting that it is their poor implementation of wallet software which is causing their problems.
Of course we can expect mainstream media to just go with the "bitcoin is broken" headlines and for sellers to sell and those who see opportunity to buy at their targets.
For anyone who cares about the long term log trendline todays value of the line is $658.5, so the price is currently below trend for pretty much the first time since October.
https://bitcointalksearch.org/topic/monthly-average-usdbitcoin-price-trend-322058
February 10, 2014, 07:09:25 AM
1,4k dump at stamp 
February 10, 2014, 07:08:16 AM
got no fiat in exchanges, does coinbase let you buy on signing up? any other suggestions? I'm outside the US btw.
February 10, 2014, 07:08:01 AM
Second wave of dumping on stamp?
February 10, 2014, 07:07:34 AM
This could be the biggest dip on the pure fud that we had yet. Maybe it could be avoided if Gox worded it better, but who knows, maybe it was intentional?
Now , you're starting to say some interesting things.
Who could have wished for a crash , and who could have profited from it the most , probably the ones who could create one and who are in so much shit to actually need a flash crash. gox?
The wording gox used was far from ideal and any non tech-savy person may interpret it incorrectly
A bold line stating that the underlying transaction security of bitcoin is not compromised would have helped to clarify things.
You realize that wasn't coincidence, right?
I'm not even talking about the "conspiracy" style explanation that they're trying to manipulate their way out of a shortage of coins by bringing down the price and rebuying coins cheaper (so they can serve their customers). Makes sense, but even I don't think Karpeles would go that low.
No, the real explanation for the phrasing is:
Blame transfer.
Gox is willing to damage the reputation of the *entire* Bitcoin ecosystem, so *they* don't have to take the blame for implementing their wallet software properly.
Seriously: To anyone still using mtgox -- stop. Withdraw your money (or try it), withdraw your coins (or try it), and let them die off.
We need mtgox removed from the system for Bitcoin to grow further.
February 10, 2014, 07:07:10 AM
Imagine if bitcoin actually "dominated fiat currency" and became a global finance leader for banks etc. like the bulls dream of, and then shit like this happens. No way...
If bitcoin was a global finance leader as you say , do you think people like the clowns at mtgox would still be in charge of 20% of the trade?
February 10, 2014, 07:06:44 AM
Imagine if bitcoin actually "dominated fiat currency" and became a global finance leader for banks etc. like the bulls dream of, and then shit like this happens. No way...
+1
February 10, 2014, 07:06:41 AM
Haha, what happened while I was sleeping, who dumped?
Price on btc-e fell to 100 USD for a few seconds.Allways good to have some very low buy orders in place
Thanks panic sellers.
February 10, 2014, 07:06:21 AM
Here we go, round two.
Grab your seatbelts, boyz, it's going to be a swift ride to ~450ish
Grab your seatbelts, boyz, it's going to be a swift ride to ~450ish
nah, just a typical people scared/taking profits/thinking its a good shortterm sell, nothing to get excited about
February 10, 2014, 07:05:37 AM
Keep the long view in mind people. I've updated marvinrouge's excellent long-term chart here: https://www.tradingview.com/v/axBQoCTa/
February 10, 2014, 07:04:45 AM
On the positive side, bitcoin is sure as hell not boring anymore
February 10, 2014, 07:03:52 AM
Here we go, round two.
Grab your seatbelts, boyz, it's going to be a swift ride to ~450ish
Grab your seatbelts, boyz, it's going to be a swift ride to ~450ish
February 10, 2014, 07:02:25 AM
How come there's mtgox trade engine lag 45m but I still see trades that happened a few seconds ago?
February 10, 2014, 07:01:54 AM
February 10, 2014, 07:00:26 AM
Imagine if bitcoin actually "dominated fiat currency" and became a global finance leader for banks etc. like the bulls dream of, and then shit like this happens. No way...
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