I get HODL... That was a funny post of a drunk dude who was venting on the forum. I get how that has some legacy value. But tarp? Just seems like people are trying to make another version of HODL. Doesn't make me angry or anything, and not to be all high and mighty, but tarp just seems immature
What are you talking about? Nobody can "make" tarp, it's already a meme, it's been a meme on the internets since, well, since memes were invented. It's the classic "admiral ackbar":  This is the real problem; september. |
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Today I am putting (fiat) money on gox and buying coins. A 40%+ discount to stamp is hard to ignore. The risk is that a lose my principal. Fiat money is pretty easy to come by though, so its not really much of a risk  I was thinking about trying this. I also thought that if Gox did go bust, and you'd deposited to Gox with a credit card, could you get a refund from the credit card company if they took your cash/coins? Would it matter if your funds were in £/$ or BTC form? Say you bought 1 BTC @ £200, and Gox went under, could you claim (through your CC company) for the lost BTC's current market value, eg £500 at another exchange?) I guess that would be highly unlikely, but the CC company might (possibly) refund the initial deposit...? hmm could be worth a gamble. You can only do bank transfer. SEPA in euro zone or international wire. There are other funny money solutions but no credit card option that I am aware of. |
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What about the dog? It needs to eat you know! |
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Nail biting stuff! I always seem to end up this way when dealing with BTC. Usually its waiting for confirmations on the block chain. Hoping its a dead cat bounce  snagging a bunch of coins for $300 would be quite something. (provided the 'moon' assumption holds! hehe) |
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sepa. bank usually turns it round same day so it just depends how long gox take to "KYC/AML" me!
I would hope, as they seem to be doing nothing else, that part won't take to long!
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now before anyone gets all uptight about me giving "advice" that can lose people money, this isn't advice. Its just what I believe and have believed throughout. I think gox are solvent, I think the price there is due to panic selling, I think its a good opportunity to buy. I think it will be business as usual in the next week or so. So its time for me to put my money where my mouth is. Today I am putting (fiat) money on gox and buying coins. A 40%+ discount to stamp is hard to ignore. The risk is that a lose my principal. Fiat money is pretty easy to come by though, so its not really much of a risk |
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Interesting news. China was the first country ban BTC.
citation needed |
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If coding was a simple exercise in resource allocation I would agree. In reality throwing more coders at a problem rarely improves a situation. (Mythical man month etc)
Depending on how the code base is organised, you probably only want a team of 3-4 on every major concern. Admittedly I don't know how the btc code is organised (bitcoind & then a couple of GUIs?) seems like 3 teams of 3-4 would be optimal here. For the core that is.
Sure if there are other concerns hanging off that might warrant additional sub teams.
As regards this particular issue, I think once the drama is peeled away it seems pretty clear that the supposed issue with malleability is trivially worked around. I would say it's safer to leave a known issue with a known workaround in place than risk changing the core and introducing some other issue that impacts on the protocol itself. Caution should rightly be the number one concern when messing with core. Not providing crutches to support developers who have written inadequate wallet implementations...
(Just my 2 satoshis)
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I love free markets You might want to be careful. You might get coins that were erroneously credited to a users account and Gox may remove them while they fix their records. I could be off the mark here, but I'm fairly sure that internal exchange transactions happen off the blockchain. The counter party risk is that gox is insolvent and you lose your deposit(s). Despite this forum having already decided that's the case, I would say it's unlikely. |
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Mixed signals. Trendline suggests we are still high. Also the bottoms so far this week have been flashcrashes with quick rebounds. (This has not been a property of the prior final capitulations, rather of the beginning of them.) Not enough negative sentiment, everybody is still hopeful. Even goxbtc trades at higher than is realistic imo. There are also negative events that could still happen.
Feeling of fear is a good sign, but not yet the sign to buy if the price is not there.
You have some really good points. I do not know where you are seeing the "everybody is still hopeful." I mean, I am hopeful mainly because of the eco-system and the fairly positive response of US regulators. Besides that, even I, who am a "perma-bull" am not very hopeful of the current price. I feel fear. Others, if you have been watching closely, have either gone silent (Mbtac) or have said they are quitting. Plus there is a massive influx of trolls, with threads saying Bitcoin is going to die. DDosers smelled blood and went on the attack. Someone sold off 8000 BTC on btc-e. Crazy shit is going on everywhere. I agree entirely with this. Compared to the 'to da moon' sentiment of 2-3 months ago. It's like night and day. I don't think there are any permabulls posting at the moment who aren't feeling at least a little bit nervous. The only sells I'll ever make are skimming a little play money. Significant trading for profit is not my bag. My primary goal for BTC is hedging its potential crash up, and so I sit and wait and watch. My difficulty is when to commit more fiat. Experience has taught me not to try and second guess the price, so that leaves me with laddering down. I might not catch the bottom, I might not maximise my entry. I do guarantee that I take something out of this situation though. |
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Risto, you still think btc will be at $300k in the future??
And also are you bullish or bearish now?
Hm.. I am starting to feel the fear in me. But it is OK, I have coins in an exchange and I sell them. Then I have fiat and feel good (It is better to sell while the price is high) Everybody do according to their own emotions. This is what I mean by it feeling bottomy. I never felt like selling in any dips, but I do recall being nervous about what was happening when it was ~$2. Right now is the first time in ages that I have been having those similar feelings. I am taking this as a personal indication that it's time to buy. It's terrifying buying into all this negative sentiment, but I figure that's where the best opportunities lie. High price for a cheery consensus and all that. I'm sure we'll look back at this thread when it hits 5 figures the same way we look back at all those single digit threads now. |
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Why are you people saying that bitcoin is dead and over? You do realize that Mt Gox is just a criminally incompetent bunch of fucktards attempting to hide their fraud, right? Bitcoin isn't dead, so stop with the FUD already.
They just want cheap coins, many of these guys probably own less than 5-10 coins and are desperate to increase their stash (which tells you how they really feel). Sad that many will end up with less than they started with. no one longer wants any coin by any price, game is over. LOL. So you really are being serious? People are still buying in, the price seems somewhat more stable than it was, Gox made clear that they are thieves, and the world is still turning. just look, every day the price is lower, starting from decembar 2013 year. Gosh, a whole 6 weeks ago? holy crap you're right, game over - close the windows and turn on the gas.  you are wrong, not 6 weeks, its 11 weeks constantly fall, and it continues weekly chart: http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyztgSzm1g10zm2g25zxzv View Screen CaptureOn your chart 5 of those 11 weeks were green... |
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5 poots. lots of links, but not enough foreignness.
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Having been here a while, I've found they are the only opinions worth having I disagree. It is the casual throw away opinions that will lose you money. When you feel you really know, which comes at least for me as much as a function of intuition as anything else, is more often than not when you are going to place (or not place) your money on the right track. But I am bored of putting so much emotional and mental energy into this shit and have switched off a bit from it. I am not trading at the moment, I have not been watching the markets like a hawk, I don't have a 'feel' for the trading momentum behind the market, I don't have a fkn clue what is going on right now really.....except I can see that it keeps going down. My $380 range rebound 'prediction', is nothing more than Tech Analysis 101 applied to a still very bearish short-term outlook on Bitcoin. However, it must be said, it is uncanny how often Bitcoin has played such pivotal price levels in the past. I disagree . When you feel you really *know* is what loses you money. Realising you (one) "don't have fkn clue" saves you (one) loads. |
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Hey everybody I'm a libertarian anarchist crypto currency supporter! Bitcoin supports my libertarian ideals i am all about freedom and sticking it to the man.
Oh hey, you can't do that though, because it's illegal. The man said so.
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Mtgox isn't/wasn't going to die without something outlandish and major happening. And maybe this is it. I almost feel like Mtgox needs to default at least a little, to really bury the hatchet. I don't want people to lose their money and I don't want Bitcoin's reputation to suffer. But whatever it takes to remove this amatuer and disfunctional company from our existence - its really worth it. Just like silk road was a burden removed, I believe the removal of Mtgox is likewise a burden that when removed will help us all.
Silk Road is alive and well and more booming than ever. I have just recently received 5g of top quality MDMA from a reputable vendor on the site.The Ross Ulbricht bust was massive advertisement for Silk Road and darknet cryptocurrency black market websites in general. 'A burden removed indeed' Money laundering and black market has been the early lifeblood of Bitcoin whether you like it or not. It has been the spine upon which the rampant speculation was all based. what are you, in portugal? Perception is reality. Still druggies like yourself Mat gave bitcoin a bad name. Now we have to tolerate you while the rest of the population thinks you all got arrested. I seriously think a lot of his concerns regarding 'whale rats' manipulating the price and other posts are drug related paranoia. Go easy on the drugs, buddy. Hilarious. You might very well say my flippant and irreverent posting style is drug related, man. The 'manipulator' meme has been well done. I don't recall anyone ever claiming " ooh it's the drugs" before. You know why, because it would have been stupid and naive. Just like you and windjc are being now. |
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It's not strictly TA, but the sentiment on this sub-forum feels awfully bottomy. Reminds me very much of the $2 days after the $32 high. Of course that lasted for a looong time so maybe we could go lower. The bear feeding frenzy is a great indicator in my mind. I doubt we will legitimately go as low as $100 (I'm not counting them spike shenanigans) but if we do, I got orders that will double my BTC position, and *still* leave me with a negative cost basis overall... If we only go as low as $380 I only increase by about 5% though |
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It takes a lot of guts to admit you didn't close your account when they stopped fiat withdrawals last year.
I still have mine, though its empty, I was expecting to be back their one day but unless bitstamp drop the ball I don't see why I would. I couldn't believe it when I deposited and got same day credit (SEPA). Appreciate this reads like an advert but I'm just saying how it is I had to buy overpriced BTC to get out of gox, but figured it was for the better until the sorted their act out. |
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