...
Which brings me to Bruce Wagner. I like Bruce. I like his show and his enthusiasm. He seems pretty smart, too. But the idea that he referenced a service without confirmation of real identity is very hard to understand. It is one thing to take such a risk yourself. It is quite another, especially if you are an expert with a reputation, to be advising others without full disclosure of the risks. I really hope Bruce was clear about those risks or, frankly, I would have a hard time showing my face around here again if I were him.
In conclusion, Bruce and anyone else who mentioned mybitcoin.com, without stating that they have not personally confirmed the trustworthiness of that site, should regret that they did that and should refrain from doing that for other services in the future.
Speaking of Bruce... I sure hope that he is OK in all of this. He obviously had a lot of hope, energy, and passion for the project. I hope he is not prone to suicidal tendencies or anything like that, is strong enough to look at the whole picture, and experienced enough to know that all things pass. (It seems at this point that...) Ya, he fucked up. Big time. But he is not the only one and he has done a lot of very good work for a very important project and that has not gone away. I personally appreciate his work a lot and hope not only that he recovers but continues to contribute. This was the oldest, longest standing bitcoin eWallet site in existence. It had a strong record of stability. It had been around nearly since the beginning of bitcoin itself. People who trusted using an eWallet at all... trusted it. It had 10s of thousands of account holders. Some of the smartest, most reputable, long-standing bitcoin community leaders used it. Only two people ever complained about me recommending it. But neither could ( or were willing to ) give me any concrete reasons why they shouldn't be trusted.... other than, "I just have a bad feeling about them." At the time, that sounded like saying the same thing about MtGox. They had never given me, or any other users any reason to believe that they were not reputable. Also, it was by far --- and still to this day --- the easiest and most feature rich eWallet in existence. You have no idea how much I regret recommending mybitcoin.com I do not have suicidal tendencies. I have been through things even worse than this in my life. What doesn't kill us makes us stronger. In a few hours from now... tomorrow morning.... I will tape an episode of The Bitcoin Show as a monologue.... just me, talking about all of this... all of my thoughts and feelings and lessons learned.... and my new convictions and new directions of advocacy ( as I'm sure you can guess what they include )... I have not lost any faith in Bitcoin, nor in OnlyOneTV. It has brought me back down to earth..... and HARD.... slammed my face down on the pavement. I am no expert, and I try to emphasize that as often as possible. But, at the same time, I do not take my responsibility as "someone people listen to" lightly. The pain of losing 25,000 of my own bitcoin is nothing. Nothing at all. Compared to the pain of knowing that my recommendations have led to the loss of so many others. That tears my heart out. You have no idea how much. At first, it felt like I was kicked in the gut by an angry horse. I've felt that pain in my gut constantly every since. But on top of that, moments later, the realization that everyone I know and love and care about.... and how many other strangers who listen to me.... have lost their bitcoin in this as well.... and I've pretty much not stopped crying since Friday. Even though I have been at the office, and I have put on a normal face for people... That's why you haven't seen me on the air. I have to regain my composure, get it together, get my head and my thoughts together, determine where to go from here, and what to say to the audience. The worst is facing all the people I love most in my life.... and telling them what happened.... one by one. They trusted my advice without hesitation. And now I have to tell them what happened. I suspect that nothing that could happen to me in my life will ever cause me as much pain as I am experiencing right now.... just thinking of how I will tell them. These are not techie geeks like you guys. These are normal people. They are not to blame. And, yes, in hindsight, I should have known better. Hindsight is so 20/20. I am praying for you and the entire community Bruce. All of this hurts so bad. We will get through all this and persevere, we ALL just have to get smarter, and we are more than capable of doing so. |
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bought a lot.
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PRICES BACK TO WHAT THEY WERE 10 WEEKS AGO
RIP BITCOIN
This has been discussed time and time again. Even if Bitcoins go back to $1 they will still be useful for the purpose that they were built for, so unless you find a way to crack SHA 256 encryption (which is the same encryption your banks use) then Bitcoin should be called immortal instead of dead... I am so happy that idiots have let these prices get this low, it really shows how lazy and uncreative human beings really are. Not to worry though I will buy all the Bitcoins you don't want just keep cashing out  . |
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pretty cool to think that i bought ~ 1000 coins in april for $1500 and I might be able to still have 1000 coins along with $25000 USD in the bank here in August.
Wish I woulda been fortunate enough to find out about Bitcoins in April. I knew what they were but didn't actually care to pay attention, my own stupid fault I guess... I was brought in when Senator Chuck Schummer was talking crap about them. I actually like him (he is a really good Democratic senator) but his derogatory comments led me back to this forum, and then it was where I really found out what Bitcoin was. |
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 Bitcoin will never die silly.
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At this point with this massive ask wall, I think we are going back to $1.00 a coin.
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Not much resistance between now and $1, time to buy back all the BTCs at sub-$1 and present yourself as one of the early adopters, folks.
I feel like an early adopter every time I come on this website, might us well have the same Bitcoins as one. |
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I am about to buy so many fucking Bitcoins |
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Jumping from 10 to 11, this is what could happen in a market where traders have absolutely no clue.....
EVERYONE'S LOOSING MONEY !  LOL |
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single digits in 5...4...3...2....
you think? 10$ is still a barrier... Nope lol. reading these posts is crazy when the price moves so quickly. nope? seems like bitcoin charts says the price is about 10.40 as i type this on both gox and th. There is no support, go look at the market depth in mtgox. This suckers going down, unless a wall starts to build at $10, and I am talking about an EPIC wall... We saw one worth 8k disappear yesterday in minutes... |
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single digits in 5...4...3...2....
you think? 10$ is still a barrier... Nope lol. |
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Theres no real wall between now and single digits, unless a shock rally starts to build up at $10. We're going down folks, all the way down...
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THis is me in the picture right now  I can't get enough of this. Cheap bitcoins for everyone. NO easy money for computer geeks running code on their video cards. I do not own a single bitcoin either! This is it RIGHT HERE FOLKS. You let people like this laugh at you? EDUCATE YOURSELF... |
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Do you think maybe the trench right now is because there were some successful heists and Mt Gox still has cheap trading? Just sayin' I say BTC will rally within a week back to the 10 EU price.
If you think that, then I hope you're buying right now. But, also, if you think that, then, in advance, my sympathy to you. IMO we're circling a very large toilet bowl. I'm just hanging around for the show at this point. Yeah right... The minute you see some obvious movement you'll be right back in  . No matter how many hacks, no matter how many attacks, no matter how many things happen to THIRD PARTY VENDORS, Bitcoin cannot die. It might not die out completely, but it may very well be the case that anyone who bought bitcoins since April will end up losing a significant proportion of whatever they put in once the dust settles. The pros have made their money and gotten out and this whole thing is ready to be tossed back into obscurity After the MtGox hackcrash I thought confidence in bitcoin couldn't get much lower, and yet since then I've been proven wrong again and again. The fact that the market price is above $5 is absolutely astonishing, and not in a bullish way. Honestly I just think we have a bunch of new miners who don't know what the HELL they are doing. We are getting killed by the bears because they get a coin and sell it like it's a hot potato. It's time for us miners to begin to see this as a long term investment, and get to work on other projects that will make all our investments WINNERS. You guys can't get rid of your machines now, the huge influx of anything ATI HD will make these cards go DIRT CHEAP. You will LOOSE and you were warned by many in this community. The only viable solution at this point is to hold on to your coins and only spend within the community https://en.bitcoin.it/wiki/Trade till you start getting those prices you deserve... |
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I'll finish reading right after I put up a 15k BTC ask wall at $12.
That's awfully bullish of you. My 15k BTC ask wall is going at $11.80. If the price hits 11.80 will all those coins you have a buy order for drive the price significantly? Whats the purpose of a "wall"? Wait.. so is an 'ask wall' a sell order to stop bids.. or is it a buy order to block the asks? My first interpretation was it's a sell order If you want to manipulate the market you throw down a huge amount of Bitcoins on the Ask side so you literally flood the market with coins thus making an "ask wall". This will (in theory) drive the prices down so that you can then buy-in artificially cheaper and reward yourself on the way back up when people follow. The bigger the market gets, the less effective this technique will be as it would take alot of money to manipulate the market effectively, however that doesn't mean there isn't some hedgefunder in America who dosen't have the dough to do it. Now what happens if 1000 people with money are doing this technique? That makes us the suckers, and gives you a pretty basic understanding of whats going on with these crazy prices... How do we correct this? STOP SELLING YOUR BITCOINS... |
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Usually a wall supports the roof of your house and also creates enclosures to make rooms.
sigh This is the price where maybe in the past the stock has found support (demand from investors). Resistance line:This is the price where maybe in the past the stock has found resistance (over supply, investors are selling the stock more than they are buying). Trend line: What direction does the current stock have, is it going up, down or sideways. Volume:Don't forget that the stock(in our case bitcoin) must have sufficient liquidity. If it doesn't leave it alone and chose another. Remember that share prices rise or drop until they find either support (investor demand) or resistance (investor supply). 2% top loss We have mentioned that if you do not want to deplit your investment account always use a stop loss before you get in a trade. Bull market:This term is widely used in the financial world. It is used when the market has been on a up trend for sometime and runs very fast like a bull. Bear marketThis term is widely used in the financial world. It is used when the market has been on a down trend for sometime, the market is showing signs that is slowing down. Market Dept This is the same information that brokers see on their screen. It shows that number of buyers and sellers and when the price is matched the business is transacted. http://www.learntechnicaltrading.com/IntermediaryTrading/LearnhowtousetheMarketDepth.aspxMarket depth is where you will be able to see these "walls" of support build up. Bulls build the price up by building these walls ,and bears drive the price by tearing the walls down. |
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Suffice to say, you won't be buying anything from stores and/or using services that you see the UABCI logo on? Or the UABB logo for that matter? Would you mind stating that here so we can have a record of it?
Matthew N. Wright
Don't bite you're being trolled... |
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