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If you aren't the sole controller of your private keys, you don't have any bitcoins.
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Just think 2 months ago when btc was trading at $1000 and all the tiger direct, overstock, etc. was happening (now there is even more adoption than then). If someone told you... in 2 months from now, you'll be able to buy at $400/btc on bitstamp, but DONT DO IT, because mtgox will be closed. What would you think?
Most speculators lose money. Some low percentage of speculators are making bank right now. |
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Ya, keep telling yourself that all the way down. Do everyone a favor, hold.
If you've held this long, it would be silly to sell now. You've had $1000, $900, $800, $700, $600, $500 to sell. Bitcoin isn't finished. Gox the cancer is being removed as we speak. I'm fairly certain we will see an exchange rate higher than $420 during the rest of 2014. |
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I don't think we're going below $400.
That probably means we are.
Shit ;|
If we stop believing in Bitcoin, will the exchange rate stop falling?  |
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No, they need to learn their lesson and sell near the bottom, otherwise who will panic buy on the way up?
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Amazing. Gox is finally gone and it still manages to crash Bitcoin.
This is all EW territory... what are you talking about! The news adjusts to fit the TA. |
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Oh the volume! so many people trading with their play bitcoins, how does this all play out!!!?  Bitcoin isn't going away, I'll tell you that much. Far too many people are making far too much money off of this to stop. |
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Oh please do this. Some idiot might actually purchase my fork coins for something that has value!
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More dumps to come
Work out that Gox angst! |
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Assets of $32,000,000, liabilities of $120,000,000, and a brand name that is now the most despised in the industry... Seems pretty genius to try to resurrect this.
Where do I sign up? |
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I read a post on the forum a few days ago that made me laugh because it was spot on. Maybe I'll try to dig it up, but I'll paraphrase until then.
"If Gox was tasked with destroying Bitcoin, we would be sitting at $75,000 per bitcoin right now."
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Mainstream media is once again going to get a lesson about the resilience of Bitcoin.
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The forum is behaving like the polar opposite of the days leading up to the Nov/Dec peak.
I don't know if that means anything or if some TA schedule has to play out or what...
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I hope people are under no illusion that other exchanges are any more safe.
If you aren't the sole controller of your private keys, you don't have any bitcoins. A shitload of people just learned that. I wish they could have learned by watching other people stick their hand in the fire instead of doing it themselves. |
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Is this what it felt like in the 2011 crash or no where near it?
Can anyone draw any parallels to the current sentiment?
2011 was extended over a long period of time. 2011 felt chronic, but it clearly wasn't. This feels acute. This is cleansing pain. Gox is cancer, but it's not pancreatic cancer. |
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I hope people are under no illusion that other exchanges are any more safe.
If you aren't the sole controller of your private keys, you don't have any bitcoins. |
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That is where a major divide in the Bitcoin community is. I don't care if government thinks bitcoin is legit. The only thing I care about is having money that I can hold and transport my wealth stealthily. I want "drug trafficking", I want things so out of control that government destroys itself trying to contain it. There are many other like me.
That is one of the two disasters that befell the bitcoin project, and will kill it. You underestimate the resilience of a distributed network. |
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Not sure if 2011 or 2013. Or worse than 2011.
It's 2014 Blitz, learn from the past but don't let it rule you. |
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If you go to the site it says that it is down for maintenance. |
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