Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33717. (Read 26712942 times)
May 15, 2013, 06:47:15 PM
Not hard to lose the image battle when you get targeted by shithouse journalism. In BTC's case though, press coverage is press coverage right now. They can say what they want, but the fundamentals of the Bitcoin system are sound, and that's what will prevail.
May 15, 2013, 06:36:38 PM
SMH. "Can Bitcoin Be Saved?"
http://nymag.com/daily/intelligencer/2013/05/can-bitcoin-be-saved.html?mid=google
The Bitcoin community is losing the image battle. Somehow, not surprising.
Additionally, I'm starting to have serious doubts that this is a random DDoS attack on Gox. Hopefully it will come back up but I sure hope you didn't leave your money over there. You might just be financing some new drones and new teams of regulators, for the USG.
http://nymag.com/daily/intelligencer/2013/05/can-bitcoin-be-saved.html?mid=google
The Bitcoin community is losing the image battle. Somehow, not surprising.
Additionally, I'm starting to have serious doubts that this is a random DDoS attack on Gox. Hopefully it will come back up but I sure hope you didn't leave your money over there. You might just be financing some new drones and new teams of regulators, for the USG.
May 15, 2013, 05:54:33 PM
The best way to act in crisis :
"Frankly my dear, I don't give a shit"
:"Frankly my dear, I don't give a shit"
May 15, 2013, 05:32:47 PM
There's quite a 'no man's land' between 112 and 115, is this because of the DDoS or are people trying to buy 'cheap' coins so they can move them to other exchanges and cash out there?
May 15, 2013, 05:21:24 PM
Any official statement from MtGox for this down time?
It's a DDOS, someone said it on IRC. Prolexic are handling it but not very well !
May 15, 2013, 05:17:51 PM
My open orders just appeared. I bet we see some movement soon.
May 15, 2013, 05:17:00 PM
Any official statement from MtGox for this down time?
May 15, 2013, 05:12:34 PM
Here is a mostly sideways trend bumping along mild resistance at $116. If surpassed, stronger resistance is at $120, and beyond that $125.
May 15, 2013, 05:02:17 PM
May 15, 2013, 04:46:44 PM
They can't predict the future. VCs have dropped virtually nil into bitcoin. Complete drop-in-the-bucket, easy exit shit. I don't understand why people think "all this money" is being invested. It isn't. Investing 6 figures, or a few million, is a cheap price to pay if the future turns sour.
5 Mega into Coinbase wasn't too shabby honestly.
Agreed, even with the large pools of money that VC's have access to, any investment measured in millions is a big investment, make no mistake.
It also probably means that they expect a return of $100 million or more if things work out.
May 15, 2013, 04:44:43 PM
They can't predict the future. VCs have dropped virtually nil into bitcoin. Complete drop-in-the-bucket, easy exit shit. I don't understand why people think "all this money" is being invested. It isn't. Investing 6 figures, or a few million, is a cheap price to pay if the future turns sour.
5 Mega into Coinbase wasn't too shabby honestly.
Agreed, even with the large pools of money that VC's have access to, any investment measured in millions is a big investment, make no mistake.
May 15, 2013, 04:41:12 PM
if you're going to offer up 15million, you're going to do some homework...
the legitamising of bitcoin is already on the agenda for these investors
May 15, 2013, 04:36:12 PM
They can't predict the future. VCs have dropped virtually nil into bitcoin. Complete drop-in-the-bucket, easy exit shit. I don't understand why people think "all this money" is being invested. It isn't. Investing 6 figures, or a few million, is a cheap price to pay if the future turns sour.
I think the point is that there are serious people outside of the Bitcoin community investing, or talking about investing, which for most people, lends an aura of legitimacy and the promise of widespread adoption.
There's no question that VC's make mistakes, in fact, that's part of the business model. But compared to the sophistication of the average investor in the BitcoinTalk securities marketplace, I'd say this new money can rightfully be called smart money.
May 15, 2013, 04:36:01 PM
They can't predict the future. VCs have dropped virtually nil into bitcoin. Complete drop-in-the-bucket, easy exit shit. I don't understand why people think "all this money" is being invested. It isn't. Investing 6 figures, or a few million, is a cheap price to pay if the future turns sour.
5 Mega into Coinbase wasn't too shabby honestly.
May 15, 2013, 04:12:46 PM
Don't be so quick to write this off..... this was likely just the simplest possible way to go after Gox. It doesn't follow at all that the feds don't have their sights on bitcoin generally, nor that we have seen the end of this in re to Gox, other exchanges or other operators like Bitpay for instance. Don't get all irrationally exuberant up in here! Wait and see, IMO.
not at all, just sick of it being one or the other... but let's stop being so conspiracy theorist...
big VCs risking all that money?? you think they wouldn't have looked into this right?
They can't predict the future. VCs have dropped virtually nil into bitcoin. Complete drop-in-the-bucket, easy exit shit. I don't understand why people think "all this money" is being invested. It isn't. Investing 6 figures, or a few million, is a cheap price to pay if the future turns sour.
May 15, 2013, 04:05:50 PM
I think buying BTC to leave mtgox is not a good idea. You may lose some fiat while you transfer BTC to another exchange.
Just use AurumXchange to instantly transfer your USD from Mtgox to Liberty Reserve (or some other payment system)
Just use AurumXchange to instantly transfer your USD from Mtgox to Liberty Reserve (or some other payment system)
May 15, 2013, 04:02:05 PM
May 15, 2013, 04:00:11 PM
Don't be so quick to write this off..... this was likely just the simplest possible way to go after Gox. It doesn't follow at all that the feds don't have their sights on bitcoin generally, nor that we have seen the end of this in re to Gox, other exchanges or other operators like Bitpay for instance. Don't get all irrationally exuberant up in here! Wait and see, IMO.
I read somewhere else on this forum that Bitpay are probably in the same situation as MtGox with regards to this license.
Risky business, I'd hate to have my funds seized before they made it to a vendor !
source or that's just FUD/rumour...
the mtgox issue is very specific
Sorry, i know you're a serious guy & hate off-topic stuff in this thread, but there's not much to watch right now & I'll give you a bit of well-sourced FUD:
"Is Bitcoin a Ponzi scheme?
In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee."
Guess who's spreading this FUD? That's right, https://en.bitcoin.it/wiki/FAQ, the Bitcoin WIKI
gosh I hope I at least help someone profit!
May 15, 2013, 03:57:29 PM
Don't be so quick to write this off..... this was likely just the simplest possible way to go after Gox. It doesn't follow at all that the feds don't have their sights on bitcoin generally, nor that we have seen the end of this in re to Gox, other exchanges or other operators like Bitpay for instance. Don't get all irrationally exuberant up in here! Wait and see, IMO.
I read somewhere else on this forum that Bitpay are probably in the same situation as MtGox with regards to this license.
Risky business, I'd hate to have my funds seized before they made it to a vendor !
source or that's just FUD/rumour...
the mtgox issue is very specific
Sorry, i know you're a serious guy & hate off-topic stuff in this thread, but there's not much to watch right now & I'll give you a bit of well-sourced FUD:
"Is Bitcoin a Ponzi scheme?
In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee."
Guess who's spreading this FUD? That's right, https://en.bitcoin.it/wiki/FAQ, the Bitcoin WIKI
May 15, 2013, 03:52:23 PM
Don't be so quick to write this off..... this was likely just the simplest possible way to go after Gox. It doesn't follow at all that the feds don't have their sights on bitcoin generally, nor that we have seen the end of this in re to Gox, other exchanges or other operators like Bitpay for instance. Don't get all irrationally exuberant up in here! Wait and see, IMO.
I read somewhere else on this forum that Bitpay are probably in the same situation as MtGox with regards to this license.
Risky business, I'd hate to have my funds seized before they made it to a vendor !
source or that's just FUD/rumour...
the mtgox issue is very specific
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