While that $2000 is most likely easy money for me, I don't want to take your money or humiliate you.
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I dont support litecoin either...
I can tell from your sig's ringing dis-endorsement. |
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 This is odd. MtGox reported $7+ for a while, but there really wasn't any change in volume. I think something isn't working right, or almost all the asks were removed and somebody bought anyway, or some combination. |
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Think so. #bitcoin-market is still working. I'm not sure about mtgoxlive.
Edit: Feeds are down. We must be going up MASSIVELY!
I don't think the price is going up massively. I think the feeds are just down. The last price on MtGox.com is something like $6.88. Edit: Also, there doesn't appear to be any significant volume (buying or selling) according to the charts on MtGox.com. Indeed we aren't, we're not really going anywhere. But this is the rally thread, you're expected to be extravagantly exuberant here! In that case... ZOMG! Low volume small movements!!!!1 |
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The funny part is that even if his activities were perfectly legit, it simply cannot work due to the nature of bitcoins.
Bitcoin offer is illiquid -not only this, it is limited by its very nature; and he states he converts his bitcoins to fiat. So he has to convert them back to pay his lenders -and the amount he would need to convert is by now enormous, and growing fast.
If he had to pay them all at once, the price would go over the roof quite quickly... so however big is the pile of USD he's sitting over, he would default on a bank run, as the fact itself that he repays pushes the prices up until it's impossible to repay.
Which rules out the possibility of an orderly shutdown... and so makes sure, since nothing can last forever, that when this all ends it will be with a default, at least partial. Even if he is really making the insane amount of profits (in USD) he is claiming he is!
Unless of course BTC price crashes really low... but ther's no sign this is ever gonna happen.
He cannot not be aware of this. So the fact that he seems certain of an orderly shutdown, which is objectively really unlikely, is another point in favour of the idea he's simply lying, and his activity is indeed a Ponzi.
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This is a much needed step in the right direction.
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Think so. #bitcoin-market is still working. I'm not sure about mtgoxlive.
Edit: Feeds are down. We must be going up MASSIVELY!
I don't think the price is going up massively. I think the feeds are just down. The last price on MtGox.com is something like $6.88. Edit: Also, there doesn't appear to be any significant volume (buying or selling) according to the charts on MtGox.com. |
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One man show, plus you know, everyone else  Sure. All those tiny little ups and downs are every one else. |
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This one's called, "All your prices are belong to me". The bitcoin price is a one man show.  |
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This one's called, "lol, jk!"
I think he's going to say "lol, jk" about this wall, too, in time  Maybe, but so what? Somebody has clearly cornered the bitcoin market. |
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This one's called, "lol, jk!"  |
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just when are u going to take down that Bear? When bitcoin gets more use as a currency than a speculative vehicle. Even USD is used more as a speculative vehicle than a currency. LOL, nice! Touché. Ok, how about this - When the market cap is in the billions. so you'll stop being a bear once the price goes up? O.o Ok, guys, just leave me alone!  |
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just when are u going to take down that Bear? When bitcoin gets more use as a currency than a speculative vehicle. Even USD is used more as a speculative vehicle than a currency. LOL, nice! Touché. Ok, how about this - When the market cap is in the billions. |
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just when are u going to take down that Bear? When bitcoin gets more use as a currency than a speculative vehicle. |
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Upward trend is up. New high for 2012 very soon..
Just watch. The $7.20 zone, assuming we get there, is going to put up a hell of a fight. |
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 Edit: I think we're seeing all time highs right now for USD bids on the MtGox orderbook - $1.74m. |
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 Quickly looking at the volume history, it looks more like a bunch of ask orders were removed rather than bought. |
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Time for an update.  |
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The passphrase private keys I've used have typically been pretty long. Seems to me they wouldn't be found in rainbowtables. For example, they might look something Like this. The passphrase private keys I've used have typically been pretty long. Seems to me they wouldn't be found in rainbowtables. For example, they might look something Like this. |
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