Bitcoin Forum

Panic selling continues.....GOX is about to fall below 500 next stop....100

How are you figuring it goes from $500 to $100? Or are you just guessing the same thing that happened on btc-e the other day will happen again?

Look at the daily chart of all the bitcoin exchanges.......Notice a trend?  Not to mention, who knows how many bitcoins were stolen from the exchanges...NO ONE DOES.  Im all for bitcoin, 100%.  But there is alot of skepticism with no answers.  Why are there no answers?  Because "Satoshi Nakamoto" created bitcoin.  There for its upon the shady exchanges to give the public detail about whats going on.  Remember your digital currency is in their wallets, and how many of your coins did the exchanges double send to hackers of the bitcoin network?  Who knows how many are gone to never be given back to the original person that deposited them?  Lets see what happens when you can actually pull you coins out of BTC-e, Gox, And BitStamp.  Im a buyer at 100.  Once this is all straighten out, im sure it will go back up, but until then, I hope i can buy cheap.

We are doomed.
Why are you so optimistic saying it will be 100 USD? According to my higjly accurate calculations it will drop at least to under 3 USD within a month.

and yet there was me ignoring mtgox, and so were the main price ticker sites ignoring gox,

because the smart people know gox is dead and not to rely on it for true value pricing...

BTC isn't going to drop to $100. It's holding steady at $650. Sure it might drop sub-500 over the weekend but I feel that's it until it starts going back up. So long story short, buy buy buy in the 500's  ;D

who cares about price of btc on gox?

Prices are stabilizing in BTC-E and Bitstamp. Soon they will go back to the $1,000 level.

b/c like it or not, gox has 1000's of real bitcoins, that users cannot cash out.  Well for cash they can but not coins.  ANyways Mt.Gox made bitcoin to where it is today as an exchange.  They do the most volume of trades per day.  And like it or not, the other exchanges will follow.  They are the Nasdaq of the bitcoin world.  Imagine if NASDAQ said you cannot sell your stocks because there is a problem with our system.......Matter of fact.....Here we go..490.....480

those sites are being attacked - hard to make a trade

Don't these a$$holes have anything better to do?

Stop with the FUD, please. Read this forum to learn about the malleability problem and thus understand that comparatively few bitcoins could have been stolen in that manner because of the manual nature of the fraud.

MtGox obviously had greater problems before this malleability issue and subsequent DDoS, of course.

If you truly believe what you post, then I suggest that you:

• Remove the donation address from your footer, and;
• Panic sell all your coins at a nice low price.

If we're lucky, the fudsters can scare the price down one more time to pick up cheap coins. Boy, it would be expensive if we had to pay them.

No real downfall. Bitcoin is made to be a medium of exchange, something like money in some ways. Once we get all thse "investors" out of the picture, maybe Bitcoin will settle down and do what it was meant to do.

:)

I just sold some BTC on localbitcoins for $20-$30 more than the Gox/Bitstamp price. Weird, considering that I was taking liquidity.

... "donate2me" says while having a donate link in his footer. Lol

I've started buying at $501.  The tech issue will eventually be fixed and the price will rocket.  Anyone selling today is a fool.

Just save up some of your pocket money, wait and stock up... according to you, you'll pick them up for 100 bucks real soon  ;D

This is perhaps the most resilient currency that has ever existed, lol. Lets put this in to perspective.

• Apple bans Bitcoin Apps
• Chinese and Russian state ban
• BTC is painted with the same brush as black market drug dealers through silk road
• Bitcoin is red taped
• MT Gox - The Bitcoin equivalent of Wall Street suspends trading
• Transaction malleability announced
• DDoS attacks

And here we are Thursday 13th of February 2014 12:05pm and 1 Bitcoin = $655.8

Username: donate2me *sighs*. These Fud threads should just be locked on sight.

Donate and he'll tell you  ;D

Looks like breaking 500 caused it to go to 550.

You're looking at the wrong picture , it's not bitcoin that it's falling , it's Gox.

They'd have to come up with something really good then, because even after all that happened in the last two weeks it did not even cause a 50% dip. From here, by far the most likely direction is up.

All major BTC exchanges have suspended btc trade. But it really doesn't matter, the fact that Bitcoin could go from 950 to 500 in a matter of weeks will get everyone riled up. $100 here we come.

all mining company has left of the game, and bitcoin is lost investors, its game over

Where did you get that shit from?

Yeah , all the mining company , all those company , all of the company =))))
http://bitcoinwisdom.com/bitcoin/difficulty
Bitcoin Difficulty:   2,621,404,453
Estimated Next Difficulty:   3,081,020,122 (+17.53%)

All the miners are running scared in the wood  , the company is going down...

gox low 479 usd !

http://easycaptures.com/fs/uploaded/644/9173480644.jpg (http://easycaptures.com/9173480644)View Screen Capture (http://easycaptures.com/9173480644)

yes and now game is over, bitcoin go to 10 usd

http://www.examiner.com/article/bitcoin-drops-to-102-then-recovers-to-former-level (not related but shows that BTC-E got hit too)
http://invezz.com/news/forex/8816-forex-news-btc-usd-bitstamp-joins-mtgox-in-suspending-withdrawals (BTC-E admitting to being affected too)
https://www.bitstamp.net/article/bitcoin-withdraws-suspended/
https://www.mtgox.com/press_release_20140210.html
https://www.virwox.com/

Exchanges have stopped external trading (they can still internally trade). Still this doesn't matter, the drop should be enough to bring us down to $100 via panic.

You know at least the difference between withdraw and trade ?
Keep dreaming about you 100$ coins.

Are you the last person not to have igor, bitcoindicklick and fonzie on your ignore list? please don't quote any of these 'tards, most don't want to know what stupidity they have posted.

Please, ignore me now.

great time to buy BTC :)

Just buy :D

Agree... Yawn, buy more bitcoin with year end bonus....

it is better to prepare your lawsuit against MTGox and Bitstamp

But what if all exchanges drop below 500 before it is fixed ? Don´t get me wrong, I agree on what you are saying but somehow it is too easy and something seems odd. Why would people be selling below 500 prices ?

because the game is over, and time is for lawsuit against MTGox and Bitstamp.

I agree on the game over part. What is the basis for the lawsuit ?

First you have to consult with your attorney.

8 $ is a lucky number. I believe all Chinese will buy again only at 8 … or maybe 8 Yuan.

Both wrong. It's the $ falling even faster. And the € and the Yen and the Rupee… ;D

If you're feeling that way , it's you who's falling

Gox 420 usd China also hard fall

All good reasons to cash out ASAP before it falls even further if you ask me. There are still many perma bulls thinking we are going to 10K and are holding. You still have some time to get what I consider a high price for a bitcoin.

Did you not consider 2$ a high price as well in 2012?  You can stop being bitter about it already, its done and over with. 

the Irony is that all the smack talk of being shady that BTCe has lived through they are the most legit..  coins still flowing in and out with no issues.
They did a quick wallet update the other day which was less than a few hours and the only issue they had was DDoS a few times

They've been the smartest folks in the room for a long while

That's why unregulated markets don't' work like a libertarian fantasy, the bad actors do down, but they pull the rest down with them, and BTC has always been dominated by clownishly bad actors.  BTCe might be the smartest person in the room, but is is trapped inside a room full of people that are burning the house down, that ain't a smart place to be.

I have a feeling that at BTC-E, incompetence is not tolerated and is dealt with severely. Just saying.

And GOX hits 360....ouch!

Whenever bitcoin's price rises we get many smug 'gee guys, thanks for selling to be at $X as I've just made a killing at $X+200'.  I'm waiting for the 'thank you to everyone who bought my $1000 bitcoins now that the price is $Y'.  That's when you'll know the market has hit the bottom. 

good points

haha that is hardly the case.  If this were an unregulated market than Americans would be able to enter in instead anyone in a first world country looking to set up is stopped by fees and a mountain of paperwork.  This oppressive regulation keeps honest small players from entering the market and forces them to settle with scam companies like mt gox.


that is because we know BTC-e while pseudo anonymous are not as incompetent.  everywhere else it seems to be private gains and socialized loses.  funny how we all have to pay for the incompetence of what is basically a couple bitcoin central bankers

Trade volumes are very low... so people are not dumping their coins... its is just that the demand is very low.

Can't withdraw fiat - CHECK

Can't withdraw BTC - CHECK

Price can go to $99999999999 or $0 because that price means nothing if the exchange isn't operating at all.

At least you can get fiat out on the other exchanges for the time being.

Yep the game is over.

Sell all your coins.  Sell sell SEELLLL.  As a pure public service to the community I'll take them offer your hands.

"principle of maximum pessimism"  google it.

er you may have a point.i've made my 41 btc on mining with an oct juptier knc 555gh...so i'm probably good for ROI at $173.94 btc or above

my question is if i gamble long term....and buy some btc on mtgox for the stupid low rate and really don't care if it takes 6 weeks to xfer it someplace else or whatever

assuming my premise above that this is a panic and tech issues will be fixed etc

is this a  plan ?

OR  does www.mtgox.com take 2 weeks as i've heard to take a wire xfer and then you get the BTC at that price..not the price when you made the buy

or again this is dumb cause mtgox is gonna go belly up and i'd lose my $$$

again noob on trading ...all my funds so far are mining looking at this as a panic long term hold ...after any purchases i make

anyway muck me up on the logic of any of this or the wisdom of buying low on mtgox....(assuming with DDOS attacks that is even possible on any exchange)

thanks for the help in advance

Searing

Unless your wealth is in Gox I wouldn't gamble with them.

If it is in Gox, I would be progressively buying in through the dip... budget yourself to buy in progressively all the way down to $100.  Stick to your plan.  Whether it's getting your fiat out or your coins out likely doesn't matter if they are insolvent.  If they are solvent, then you got some hella deals on Bitcoins.  Better to get cheap Bitcoins then stale fiat.

If it's not in Gox, then take advantage of Gox's ineptitude.

Gox is pulling the whole market down.  Split your wealth among a few exchanges.  Set orders to buy in all the way down to $100 progressively buying in at greater rates as the price falls.

Stick to your plan and short of a total system collapse you will not lose.

The lemmings are selling.  Smart money is buying.  There is nothing fundamentally wrong with Bitcoin.

More will be made because of this fall then likely any other time in the next 18-24 months.

thanks ...just have to get some $$$ into bitstamp i guess then see if this drama continues...i heard that bitstamp a wire xfer is a couple days (in usa)

so....see how it goes

thanks for the advice ...it looks like panic selling to me ...i again (could be wrong) assuming the technical issues will get fixed and that the exchange problems as
well and then there will be a bounce up

of course what do i know

good to have goals

Searing

Not goin below 500

And the upfall continues :)