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Title: Did BTC really just hit 1 cent ?? Post by: Chucksta on June 19, 2011, 06:46:57 PM Or am I going mad ?
Cannot get onto MT Gox Damn, if ever there was a good time to buy !! Title: Re: Did BTC really just hit 1 cent ?? Post by: Bit_Happy on June 19, 2011, 06:55:31 PM My first ever run on sentence.....
The drama continues Did BTC really just hit 1 cent ? No one knows yet, might have been a hacker trading, but they would have had to have complete access to the database to add 500,000 fake BTC, so there is a chance it was real, since the seller got great prices on the first ~half of the order, but would that make a profit when you sell over 200,000 at 1 cent, who bought at one cent and do they get to keep them, and how many days/hours before trading resumes + how many "lucky buyers" withdrew their possibly fake BTC before the site went down? Title: Re: Did BTC really just hit 1 cent ?? Post by: Chucksta on June 19, 2011, 07:00:03 PM You can't fake BTC. Some numpty just offloaded a crazy amount all at once, lol
Damn, damn, damn... can't get on to the exchange to buy buy buy :( Title: Re: Did BTC really just hit 1 cent ?? Post by: Chucksta on June 19, 2011, 07:09:57 PM Problem solved:
Naughty little hacker from Hong Kong, or at least using an HK IP address, stole someone's very full wallet: https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback Title: Re: Did BTC really just hit 1 cent ?? Post by: Coin.Karma on June 19, 2011, 07:46:20 PM Thanks that nothing worse happened...cheers to all...we should all be back working towards a de-centralized planet...
Title: Re: Did BTC really just hit 1 cent ?? Post by: Alex Beckenham on June 19, 2011, 07:49:42 PM You can't fake BTC. No, but you could put fake database entries that make a gox account look like it has btc in it, and trade with that for real dollars. Title: Re: Did BTC really just hit 1 cent ?? Post by: Chucksta on June 19, 2011, 07:54:54 PM You can't fake BTC. No, but you could put fake database entries that make a gox account look like it has btc in it, and trade with that for real dollars. Good point... Now to find someone who can do that... Kidding, kidding ;) Title: Re: Did BTC really just hit 1 cent ?? Post by: Mike 71 on June 19, 2011, 08:10:47 PM More interesting in that case is the fact that one wallet can kill the market and set the price to 1 Cent.
After thinking over, i will place some buy orders in different prices. Maybe sometime a drunk owner of a similar wallet will place an panic-sellorder ;D (after thinking over a second time, i should not tell this anyonen if i would believe to get rich with bitcoins) Greetings Title: Re: Did BTC really just hit 1 cent ?? Post by: opticbit on June 19, 2011, 10:30:50 PM More interesting in that case is the fact that one wallet can kill the market and set the price to 1 Cent. After thinking over, i will place some buy orders in different prices. Maybe sometime a drunk owner of a similar wallet will place an panic-sellorder ;D (after thinking over a second time, i should not tell this anyonen if i would believe to get rich with bitcoins) Greetings I have that set up on one of the exchanges, I should make it more reasonable though. |