The lag wasn't a secret, we all knew it was there, we all knew there wasn't sufficient resources to trade on time. I don't think anyone went in blindly.
Right now is the absolute best time to buy, you don't see massive dips like this every day, and when they happen, it's time to buy. BTC has been at $266 before, it'll get there again.
And then it'll crash again, and then reddit will be full of people trying to kill themselves, again. Bitcoin is not a currency, it's a ponzi scheme. |
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Well I don't know about you but I've been able to buy bread and milk for the last 25 years without my fiat dollars but as of yet haven't been able to do the same with bitcoin and additionally trying to use bitcoin to buy my foodstuffs wouldn't have put me at great financial risk due to price variation.
Also re: sticking around: I've been posting here longer than you have. So maybe you should stick around and get a lesson in world economics compressed into approximately 2 years of real time bitcoin trading.
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It's almost like exchanges tend towards a natural monopoly, the more people who use one specific one, the more attractive it becomes to new people.
What I'm saying is that bitcoin isn't the free market, it's basically nationalised.
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Deflationary currencies don't work and never have. There is a reason no one uses the gold standard. Bitcoin is nothing but a zero sum ponzi scheme which is powered by the greed of idiots. Thanks.
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sources say, the Mt. Goxers from Japan took a huge cut when they offered some "London Whale" types to shut down trading, exactly when it suited them.  confirmed by Japanese. I also heard reports that aliens, elvis and the jewish/russian mafia were involved. They're trying to shut down bitcoin maaaaan... Take your fucking meds and shut up. Don't go "bllluuuuuuuuhuh I got owned by a zero-sum bubble time to blame it on someone more intelligent than me who got out at the right time". You knew the risks about buying bitcoins especially considering this exact boom and bust scenario has happened repeatedly in bitcoins past. |
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You ask for a decentralised currency with no central control and then want some central exchange to decide what is legitimate and what isn't. Classy.
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download all your btc/usd/eur history I'd say
just incase they run we need material to sue them
"Dear judge, someone on the internet stole my untraceable, intangible money and I would like it back. Here is a print out of some numbers I have which has their logo on this means they 100% owe me money" Yeah that isn't going to hold up in court. |
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Bitcoin is never going to be adopted because it's volatility de-legitimises it as a currency. All you are currently doing is trading coins between each other while screaming "UP UP UP" before it crashes again.
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We are now exactly where we would have been if we had just continued the steadily rising exponential growth of January and February, before the March Madness.
If you got in two weeks ago, you are still up right now.
Nothing fundamental has gone wrong with bitcoin itself. This fallback was a combination of the price getting ahead of itself and gross negligence & unpreparedness on the part of certain exchanges.
People are preparing to set up more exchanges as we speak.
Even if there are more flash crashes this week shaking out weak hands, once the exchanges problem is dealt with there is nowhere to go but up.
Up into another bubble and into another crash in an endlessly repeating cycle of greed and idiocy on the account of people like you. |
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makes me sick to think about the whales who sold thousands of BTC at 250usd ea...
we all know its only a matter of time before BTC surges back up past 266 this time
When will the next 'bubble' (holds back laughter) be? 350? 500? 750?
Well lets see, they made 250 grand in actual dollars while you are assumedly still holding bitcoins of unknown and dubious value. And unlike bitcoins, usd actually keeps it's value and can be spent on things. And these "surges"? Yeah, that's a bubble caused by the greed of idiots in a deflationary currency. It's a self repeating cycle of idiocy and posts like yours here just propagate it. |
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Seriously, I am pretty familiar with such kind of tunes. " I told you so!" Every time the market crashes happened.
The fact it's happened at all is what de-legitimises bitcoin as a "currency". |
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Seriously, for a long long time people have been saying "bitcoin is a bubble bought on by the greed of idiots" and now after the second major price crash caused by exactly this people might realise this. Deflationary currencies like gold and silver (and bitcoin!) do not work for this very reason. There is a reason that most government issued currency has an inflation rate and it is specifically to stop people just collecting a ton of it and hoarding it and waiting for it to go up in value and thus encourage people to actually use their money or invest it.
Bitcoins are fundamentally flawed for this reason. Why should anyone spend now what will be worth more tomorrow? Why should anyone invest in anything or buy anything when tomorrow you could buy twice as much?
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MtGox is crashing and I really can't afford to lose everything, how can I get my bitcoins out into dollars?
Please hurry.
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 GET OUT WHILE YOU STILL CAN THIS LOOKS LIKE IT IS IT |
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Haha you think any company in bitcoin isn't a massive scam. Deal with it.
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Don't ask for a bitcoin economy which isn't regulated or enforced by anyone or anything then expect the government of the united states of america (who all of you apparently detest with a vengeance) to bail you out.
Just saying it's extremely hypocritical and makes libertarians look even more like a bunch of whiners.
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Libertarians only exist today because there is the rest of the country around to support them.
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None of them have been "hacked", the owner has just decided it'd be more profitable to steal all the bitcoins and claim he was.
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Seriously this is getting retarded, everyone deposists some stupid amount of bitcoins based on an impossibly high "interest rate" (something that is inherently impossible in a deflationary currency such as bitcoin, doubly so since to my knowledge) and then acts surprised when all their bitcoins suspisciously vanish. This is happened like 10 times now and every time it's blamed on "hackers" although frankly the site ops could just steal all the bitcoins and nothing could be done about it.
Also stop claiming that ponzi schemes are a winning system; They're not.
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