Time flies quickly in BITCOIN-LAND.
Next year we will be in the $3000 to $7000 range saying the same thing.
That's definitely possible, I have my fingers crossed |
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Yep people get scared easily today
The funny thing is the people the most "scared" are the ones who don't own a single satoshi. Haha, I have a friend who is the "investor" in our group of friends... thinks bitcoin is a fad and he keeps sending me articles that talk about how bitcoin is "dead" because of all this. He gets happy whenever there is bad news on bitcoin because he thinks he is right about not investing, and doesn't wanna miss out in case it's a good opportunity. I just ignore him and don't even bother explaining the situation... I tell him to stay in the stock market because he has a vagina |
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I was watching CNN today while getting ready for work and they had a 30 second tidbit on bitcoin... basically saying bitcoin has "collapsed" and users unexpectedly lost money from the shutdown of the most respected exchange. Fucking lol... why is the media so retarded?
when ever the media talks about the thing that you know a lot about you realize how little they know about that thing. however the truth is that it isnt isolated to the thing that you happen to know a lot about, every person who is an expert in a field sees that field butchered by the media but thinks it only applies to his or her field. the truth is they butcher everything just the way they butcher bitcoin and you would see the same sort of shit in every single other topic they cover if you could be an expert in everything. You are right, one thing I learned from bitcoin is that the media spits out all kinds of BS on just about anything.. it's amazing how they don't even need to verify all the facts before they report on a topic. It's easy to catch the BS when I'm so up to date with the topic (obviously because I have money invested in bitcoin). I used to believe everything I read from well-established news sites like Wallstreet Journal, Forbes, Business Insider, CNN, etc... now I know better. |
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Big exchange like Gox falling down is a big thing. 744,000 BTC stolen is also a very big thing. Who says this can't happen again with one of the other big exchanges?
Well people need to at least do some due diligence before investing into crypto. This is not a regulated market and the exchanges do not provide you insurance so of course shit like this can happen. You have to secure your own bitcoin at this point in time, leaving it in an exchange that takes weeks to months for withdrawals is not a good idea at all. So this whole GOX shenanigans did not scare me in the least bit in regards to bitcoin's future... this is just a small bump on the road, much smaller than the news about China banning payment companies from processing funds to bitcoin exchanges. I'm still not bullish about bitcoin's price in 2014 due to all the setbacks, but this GOX issue is nothing (unless you lost your coins in GOX.. im sorry if you did) I cannot believe people, even the idiots on reddit, are blowing this out of proportion and thinking this is the end of bitcoin. When people think of bitcoin (if they don't do research or know well enough), they think of mtgox.
When I got into bitcoin I've never heard of MtGox, and why should I? It's a crap exchange not even based off the US. Coinbase makes it much easier for us |
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I was watching CNN today while getting ready for work and they had a 30 second tidbit on bitcoin... basically saying bitcoin has "collapsed" and users unexpectedly lost money from the shutdown of the most respected exchange. Fucking lol... why is the media so retarded?
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I still don't understand how such a well known public figure like Mark K. won't face any prosecution if they really did run off with the coins... just because we are dealing with crypto currency and not "actual money" basic laws don't apply? That's BS We don't know what happened. All we can see are the results. For all we know governments and bankers could be in on this. I would not be surprised if govs/banksters are involved in this crisis, even if they are not they will definitely point to this incident as an example of how bitcoin is flawed and banks are there to protect people. And people will buy it. We're still too early for bitcoin to really take off |
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So Chine being dead will be the next best thing to happen to bitcoin?
Btw- MtGox bought gox.com domain... I'm pretty sure they are not gone yet. They may come back with a new domain and have everything go back to normal.
Why do people assume they have ran off with everyone's bitcoins? Can they really get away with something like this?
2 things wrong here: 1) Implying Mark can run. 2) It's speculated that they LOST the coins. Lol.. you're a funny guy. Ok, so them claiming some BS that they lost the coins would make more sense. But I don't understand how they can say that when there's a public ledger that keeps records of all transactions of every coin out there. Why do people assume they have ran off with everyone's bitcoins? Because everything indicates that they did. Can they really get away with something like this?
Probably. Keeping trades going while nobody can get their privately owned funds out should already have resulted in criminal charges. I still don't understand how such a well known public figure like Mark K. won't face any prosecution if they really did run off with the coins... just because we are dealing with crypto currency and not "actual money" basic laws don't apply? That's BS |
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Did you vote yes because it happened, or did you vote yes because you were trolling?
the latter |
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So Chine being dead will be the next best thing to happen to bitcoin?
Btw- MtGox bought gox.com domain... I'm pretty sure they are not gone yet. They may come back with a new domain and have everything go back to normal.
Why do people assume they have ran off with everyone's bitcoins? Can they really get away with something like this?
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Sign me up!
If 1 BTC = $10,000
Why not get a whole group of people who are interested, then fly everyone to that famous strip club and have the time of our lives!
Bitcoin = $10k is definitely worth everyone in this thread being flown somewhere to celebrate.
That's a good idea, if this happens I may rent a sick $10k/night penthouse in Vegas that can hold 10-15 people and have you guys meet me there to celebrate. I'll treat you at the strip club, but I can't buy everyone's flights... but yall should be rich enough by then anyway. I'm in - but I'm pretty gay so, I think we might disagree on strip clubs.  How about dinner at Per Se? Lol, no offense when I said "no homo", but yes I can definitely treat you to a fancy dinner |
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There is a solid chance of a stable $1000+ price per btc.
I wouldn't be surprised.. there has actually been some big things going on recently which were all overshadowed (GOXX'd) by MtGox. 1. launch of Neo & Bee / Cyprus bitcoin banking 2. http://finance.fortune.cnn.com/2014/02/25/secondmarket-bitcoin-exchange/?iid=HP_LN3. playboy,pornhub... pretty much all big porn companies embracing bitcoin Then again, I don't think we're done hearing about Gox... expect more journalists and media to blow it out of proportion and make it seem like it was a flaw of bitcoin and its decentralized structure |
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Sorry guys... looks like we got Goxed, you can thank Mark K for cock blocking us from strippers and blow
But then again, we have 10 months left this year for the price to explode again
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rpietila is a smart guy and a professional but any non-newbie will know he is far from accurate
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So did GOX/Mark really steal people's bitcoins? Or is this temporary. I have a hard time believing how such a large and well known company can run off with people's money. How is Mark not facing any legal accountability? Please respond I lost 11 BTC there but then made 50 BTC of price drop it caused. But to be honest, even without those 50 BTC I'm not too bothered. It's relatively small part of my holdings, so I'm not gonna lose any nerves about it. Those 11 BTC look as easily lost as easily they were made so fuck it, I moved on, if I ever get them it's gonna feel like I made some btc form some alt pump  I feel bad for people who lost their bitcoins, but your indirect bragging is pretty out of place and makes you look like an asshole |
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OP bought it too high?
I bought most of my BTC between $660-$620, which I think is pretty cheap in the long run. probably due for a crappy year. It's cyclical with a general positive trend. Which means sometimes its going to go down. Also a lot of real world stuff might happen this year ( regulation, laws, pushback ). Not everything can be positive.
Yes, I also think BTC's value has been growing too fast for its technology to keep up. We still have a lot of milestones to overcome in order to make bitcoin an attractive option for the masses: the volatility, security, and simplicity (something similar to what the browser did for the internet) Btw- in light of some good news Neo&Bee is doing something pretty substancial in Cyprius: http://www.youtube.com/watch?v=7mY-0ZwR-aY |
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Pretty sure i f*cked her in Vegas
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