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Title: It feels like we are on a new rocketship Post by: Lloydie on February 26, 2014, 01:42:53 AM Very sad what happened at Gox. Can't believe Karpeles thinks he can continue with rebranding - so out of touch with reality.
Regardless, as I watch btc prices recover from $430 to $500 and now to $550 - I feel the worse is behind us. Gox is bust. They have no coins to make good as Karpeles has confirmed a deficit of 700k plus coins via IRC. This feels like a new rocketship to me. I don't mean to make light of what has happened and to spread unnecessary optimism. I'm just stating that the market is forward looking - and right now, the future looks pretty good. BTW - number one lesson of Gox: stay away from exchanges that do not provide segregated verifiable accounts. Especially BTC-E - whose creators are ANONYMOUS. You will have zero recourse if BTC-E collapses. Keep the bulk of funds in your own wallet. Exchanges need to be more transparent: allow users to switch between segregated versus pooled wallet. Re: pooled wallet - exchanges should report total funds held on behalf of customers and reserves to back those liabilities on the blockchain itself. Weekly or monthly signing of the public address would also be good. Title: Re: It feels like we are now on a new rocketship Post by: fallinglantern on February 26, 2014, 02:30:23 AM The albatross has been thrown down. CCMF!
Title: Re: It feels like we are now on a new rocketship Post by: meanig on February 26, 2014, 02:32:16 AM Until we get the full story about what's happened with gox there will be plenty of bumps and panics ahead.
Title: Re: It feels like we are now on a new rocketship Post by: MatTheCat on February 26, 2014, 02:33:29 AM LOL!
Willkommen in der Schlachterei Verdammnte Opfer! :D (meanig nicht inbegriffen) Title: Re: It feels like we are now on a new rocketship Post by: Alley on February 26, 2014, 02:42:44 AM People are buying thats for sure.
Title: Re: It feels like we are now on a new rocketship Post by: MatTheCat on February 26, 2014, 02:45:22 AM People are buying thats for sure. Yeah...Like fucking crazy for the past 24 hours with the lionshare of the buy-ins being at much lower price ranges than we are now in........ ......wHaT cAn PoSsIbLy HaPpEn Next? Title: Re: It feels like we are now on a new rocketship Post by: Peter R on February 26, 2014, 02:46:49 AM ......wHaT cAn PoSsIbLy HaPpEn Next? This is bitcoin. Anything is possible. Title: Re: It feels like we are now on a new rocketship Post by: MatTheCat on February 26, 2014, 02:47:58 AM This is bitcoin. Anything is possible. Just you keep on believing dude! Title: Re: It feels like we are now on a new rocketship Post by: Peter R on February 26, 2014, 02:48:43 AM This is bitcoin. Anything is possible. Just you keep on believing dude! What, keep on believing that the price could go either up or down and no one really knows for sure? I think I will. Title: Re: It feels like we are now on a new rocketship Post by: cbeast on February 26, 2014, 02:52:40 AM BTC-E - whose creators are ANONYMOUS. You will have zero recourse if BTC-E collapses. Keep the bulk of funds in your own wallet. http://imgur.com/5Qmrwy2Title: Re: It feels like we are now on a new rocketship Post by: MatTheCat on February 26, 2014, 03:10:33 AM What, keep on believing that the price could go either up or down and no one really knows for sure? I think I will. $580-$590 tops before a strong retrace! Bet ya I am right. Title: Re: It feels like we are now on a new rocketship Post by: Lloydie on February 26, 2014, 03:14:54 AM Until we get the full story about what's happened with gox there will be plenty of bumps and panics ahead. I speculate that the next big story will be what happened to MtGox's bitcoin reserves. They cannot have disappeared into thin air. I speculate that management went into "damage control" once they realised their outstanding claims to off blockchain btcs amounted to 750k btcs. MtGox's reserves will have to pop up at some stage.Title: Re: It feels like we are now on a new rocketship Post by: Peter R on February 26, 2014, 03:22:59 AM $580-$590 tops before a strong retrace! Bet ya I am right. I actually agree that this is the more likely scenario--I'll say 60% chance you are right and there's a retrace soon. But what I've learned from bitcoin is that sometimes it just keeps going up and up and up, and a week later the price has tripled. These are low probability events, and I don't expect one to occur this week, but the point is I never really expect them to occur but all of a sudden they do. Never sell all your bitcoins. Title: Re: It feels like we are on a new rocketship Post by: Lloydie on February 26, 2014, 03:33:26 AM A bunch of Chinese investors triggered buys when btcs dropped to $450, hence why we saw them gobbling coins over the last few hours.
Title: Re: It feels like we are on a new rocketship Post by: smoothie on February 26, 2014, 03:42:09 AM Now that the MTGOX chains have been broken from Bitcoin...let Bitcoin RISE!....RISE CHICKUN RISE! ;D ;D ;D
Title: Re: It feels like we are on a new rocketship Post by: chesthing on February 26, 2014, 04:05:34 AM Now that the MTGOX chains have been broken from Bitcoin...let Bitcoin RISE!....RISE CHICKUN RISE! ;D ;D ;D I don't think it's that easy. The US gov is going to say "wait a minute" and take a good long look at this. Stay tuned, things will get interesting, I see very cheap coins in the future.Title: Re: It feels like we are on a new rocketship Post by: smoothie on February 26, 2014, 04:11:38 AM Now that the MTGOX chains have been broken from Bitcoin...let Bitcoin RISE!....RISE CHICKUN RISE! ;D ;D ;D I don't think it's that easy. The US gov is going to say "wait a minute" and take a good long look at this. Stay tuned, things will get interesting, I see very cheap coins in the future.Okay go sell and hope for lower prices. No one said price would go high really fast....growth takes time. I predict a new ATH by end of July 2014. Title: Re: It feels like we are now on a new rocketship Post by: Lloydie on February 26, 2014, 04:25:51 AM BTC-E - whose creators are ANONYMOUS. You will have zero recourse if BTC-E collapses. Keep the bulk of funds in your own wallet. http://imgur.com/5Qmrwy2Title: Re: It feels like we are on a new rocketship Post by: chesthing on February 26, 2014, 04:39:24 AM Now that the MTGOX chains have been broken from Bitcoin...let Bitcoin RISE!....RISE CHICKUN RISE! ;D ;D ;D I don't think it's that easy. The US gov is going to say "wait a minute" and take a good long look at this. Stay tuned, things will get interesting, I see very cheap coins in the future.Okay go sell and hope for lower prices. No one said price would go high really fast....growth takes time. I predict a new ATH by end of July 2014. Title: Re: It feels like we are on a new rocketship Post by: Lloydie on February 26, 2014, 08:26:06 AM 3, 2, 1 - blaaaaast off!
Title: Re: It feels like we are now on a new rocketship Post by: MatTheCat on February 26, 2014, 11:05:03 AM $580-$590 tops before a strong retrace! Bet ya I am right. I actually agree that this is the more likely scenario--I'll say 60% chance you are right and there's a retrace soon. But what I've learned from bitcoin is that sometimes it just keeps going up and up and up, and a week later the price has tripled. These are low probability events, and I don't expect one to occur this week, but the point is I never really expect them to occur but all of a sudden they do. Never sell all your bitcoins. Guess I was wrong by at least $20. Double top seems to be in for now at $610, with lowering volume since $570 buy spike, yet increasing volume seen on price dips. Short at $590. (Maddest bounce back ever). Title: Re: It feels like we are on a new rocketship Post by: Lloydie on March 04, 2014, 12:40:48 AM Back from AUR and drk coin hunting.
It feels like a rocketship! |