Bitcoin Forum

Grow some.

Welcome to Bitcoin, hold on to your seats.

This is madness!

NO! THIS! IS! BITCOIN!

Ahhh, today has me reminiscing back to the days of June 2011, same ole story, bunch of people panicking about Gox, and again today it was Gox, they really need to get their shit together, but at least the lesson is new with regard to lag.

Heck, I don't even have balls, and I held throughout, just bought some dirt cheap coins too ---

At least, I think I did. Right after I placed the buy order, Bitfloor crashed.

When will these exchanges learn... exponential increase in userbase means you need to buy better hosting, better security, more servers. I see them waiting around till they're completely disfunctional and then upgrading as a last resort. You'd think Gox would have 20 people on staff working around the clock to fix the trading engine, with the amount of money they're pulling in...

Oh well, I guess it's not only weak hands that will get shaken out, but weak exchanges. Folks, keep exchange-hopping until you find one that treats you right!

+1

And even if I ever end up in a loss of purchasing power when compared to fiat (which in my case will happen under 19$), thanks to all the price swings and the speculation talks about this awesome internet money for becoming my primary source of entertainment for the last few months.

Although I dream of a future where I can really just pay for everything with bitcoins. Or whatever altcurrency will replace them, for what matters. And stick it up the arse of those corrupted bankers.

Holding through dips is easy, why would anyone sell when the bears are setting the price!?

What's hard is not selling on the run-ups! (at least, not selling too much that is!)

Ahhh, June '11.  The smell of crushed dreams in the morning...

Of course, that wasn't a coordinated attack with profit as the motive.  Today was, and may still be.

Whatever.  I held through that, I'll hold through this.

I agree, but in my position, anything under $1500 [per full BTC]is just noise anyway. Of course I would've sold at $250ish had I seen the crash coming, but hindsight's a pig.

One simply does not sell bitcoins. (Rather, one tries not to buy fiat with them unless absolutely necessary.)

The true new paradigm (singularity) will only arrive when people stop thinking "I'm going to sell my BTC to get money to pay for X" and realize that bitcoin is money. When merchants' major suppliers begin happily accepting bitcoin...

*shrug*

Just another day in the BTC world.  I'm holding.

I'm selling steel balls in large quantities. 1 BTC each.

I made a fucking fortune today.   8)

+1

I would love to trade some when this happens, but an hour lag is completely unacceptable. Besides bitstamp is there any other exchange which is reputable? I like Coinbase, but their prices lag as well.

fuck ya im making money!!!!

lol.

The exchanges really are the weak link here, aren't they?

Holding BTC at $10,000 a piece, that would be balls of steel.

They really, really are.

Well said that man. I love it. Some people must have aged a wee bit tonight. Somebody is making money out of all the panic

made 150 extra coin. But honestly i feel a little guilty  ;D

Don't. Greed is good!

More hardware doesn't cut it. Exponential is hard to tame. You need something that uses resources logarithmically dependant on size to be able to cope with that. Naive or even good implementation don't have that feature. It might not even be possible. I'm assuming goxes is even worse than linear.

Well, it'll change for the better on 17th.

virtex (*canadian exchange*) seems relatively immune to this lag you speak of...

that being said, the orderbook is ridiculously small and the price swings wildly there at times...

I don't know - maybe it is better to panic first - like I panicked yesterday at 250? 



OK - I was not really in a panic state at that moment.