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8201  Economy / Speculation / Re: Steps required to use other exchanges. See inside. on: April 12, 2013, 09:00:49 AM
Which exchange allows me to trade BTC <> USD without any verification or risk of account closure?
8202  Economy / Speculation / Re: Damn MtGox on: April 11, 2013, 02:51:43 PM
buy or sell?

buy of course.

how can a flood of money into a market crash it? this is your only chance to buy coins before they go 300$ + in the next few days.
8203  Economy / Speculation / Re: Next Stop 1200 on: April 11, 2013, 02:32:45 PM
See you in precisely 20 months

genius
8204  Economy / Speculation / Re: So now the other exchanges have a chance to lead! on: April 11, 2013, 02:31:26 PM
And I just deposited coins into Mt Gox. What exchange do you recommend I use instead?
8205  Economy / Speculation / Re: Speculation on MtGox 24 hour shutdown on: April 11, 2013, 02:22:40 PM
Oh shit, I just sent some coins in Mt Gox. inb4 i lose them all.
8206  Economy / Speculation / Re: Where will Bitcoin be in a week? on: April 11, 2013, 01:37:50 PM
$1000! Buy the cheap coins now  Roll Eyes Roll Eyes
8207  Economy / Speculation / Re: Who does arbitrage, admit it now! :) on: April 11, 2013, 01:10:18 PM
Btc-e $120
Mt Gox $150

Perfectly possible Smiley
8208  Economy / Speculation / Re: You do realize there will be no stopping it now...right? on: April 11, 2013, 01:09:52 PM
Lol if you bought at 5$ and didn't sell at 200$ then you missed out on a huge chance to quintuple^2 your bitcoin holdings buy buying again when it goes down

so anyone here praising 'longterm holders' as smart winners: they arent, the people that sold are the smart winners

That works if you can see the future.

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man!  Grin

Sadly I was unable to secure a loan in time for the run up Cry

However I am still doing very well for myself! I can't wait to see where bitcoin takes me in the coming years! I don't really care about the price anymore, I just want to see what happens! This has been the most profitable learning experience I have ever had! I love my bitcoins.

A loan to speculate? I hope you are not serious.

The newbies are always serious.
8209  Economy / Speculation / Re: Pastebin on: April 11, 2013, 01:07:37 PM
What does your linked page have? Please post it here.

Sure
Quote
------------------------
   OPERATION APRIL FOOLSCOIN
------------------------
 
Targets: MtGox, BTCE, Bitcoin24, Bitstamp
 
Mission statement:
 
The recent sell-off was only partially successful for several reasons:
 
- Fresh blood looking to buy
- Overly bullish market
- Only one exchange targeted
 
April 1st occurs at the end of a bank holiday, fiat will be running low on the exchanges and it is the perfect time for a secondary strike. A triple bluff will be used to trick the market into collapse.
 
- Stage 1: Slowly buy BTC, use accounts to spread bullish propaganda on all major channels; bitcointalk, reddit, twitter, etc.
- Stage 2:  Dump 10k on Gox, and 1K on all other exchanges.
- Stage 3: Put buy orders in below the final sale price to profit from the panic sellers.
- Stage 4: When price rebounds to within 5% of the original price dump all remaining coins.
- Stage 5: DDoS all exchanges and spread negative propaganda on forums.
- Stage 6: Send the pre-made press releases to selected news outlets.
 
We got it this time.
 
Meet on IRC at the designated time and be prepared for a late night.

en.wikipedia.org/wiki/Prisoner's_dilemma
8210  Economy / Speculation / Re: How does DDoS affect BTC price on: April 11, 2013, 01:07:05 PM

"You can blame the DDoS for the lag but not the correction, which would've happened regardless. To blame this correction on the lag/DDoS is ridiculous because that would be saying that half the worth of a currency can be destroyed simply because people have a tough time logging into their forex account. If my equities platform lagged out I would be highly annoyed, but it would not destroy the stock market and force me to liquidate. This thing was headed down well before and independent of this lag....

If this was a DDoS attack, how can that cripple a multibillion dollar market this easily? If it can, then this market is overvalued because there is an extreme level of systematic risk. Is bitcoin (by way of its service providers) really so fragile that it gets cut in half in the blink of an eye simply because Gox lags out massively? That's even scarier than a natural panic sell-off and subsequent lag after a meteoric rise. On the NYSE, they have circuit breakers that halt trading intentionally because that quells panic (which is what I think this lag does, contrary to what most of you think). If anything, a DDoS would prevent the sell-off from being as deep and as fast as it would have been.

If one can truly blame this on an attack, then bitcoin needs Wall Street help (I hate to say it). What's worse, a currency that has a deep and natural sell-off (like this, IMO) or a currency that can be completely wrecked by a hacker? I opt for natural sell-off.....because otherwise we need a very strong and experienced organization (e.g., Goldman et al.) to step in and provide a platform."

https://bitcointalk.org/index.php?topic=172550.msg1796607#msg1796607

How can micro transactions affect the price?

Bot puts up buy at $x
Noobs sell at market price $x

rinse and repeat
8211  Economy / Speculation / Re: It was the system on: April 11, 2013, 12:57:10 PM
The crash comes from our beloved mt.gox
http://www.bitcoinrumors.com/2013/04/11/mt-gox-statement-we-are-victim-of-our-own-success/

Our exchange betrayed our trust


It was trust in a old-fashioned system...

not to mention it's unreliable too
8212  Economy / Speculation / Re: Don't worry... on: April 11, 2013, 10:23:54 AM
Bitcoin was at $180 two days ago
$180 happened today

What's the difference?
8213  Economy / Speculation / Bitcoin is not a bubble on: April 11, 2013, 10:18:58 AM


Credits to whoever made this.
8214  Economy / Speculation / Re: BTC price in 24 hours? on: April 11, 2013, 04:02:20 AM
$300
8215  Economy / Speculation / Re: Is it actually over? Or are we going to see a gradual decline like last time on: April 11, 2013, 03:37:00 AM
cheap coins get in now
8216  Economy / Speculation / Re: The price of one bitcoin in one week. on: April 11, 2013, 03:35:15 AM
From past trends after an MtGox lag price drop, people get skittish and kinda feel things out for a few days. We will have that going into the weekend.

The biggest question will be, what happens Monday morning.

$300
8217  Economy / Speculation / Re: Consolidation day on: April 10, 2013, 01:40:18 PM
Thanks for the advice, I'll go outside today.
I might do that too, I should get a matte screen cover for my laptop. Or perhaps just carry a blanket over my head and sit on a lawn chair.  Grin

Won't Google Glasses be nice?  Plugged in to bitcoin 24/7...

They're for nerds Cool
8218  Economy / Speculation / Re: How long does it take for bitcoin value to double?? on: April 10, 2013, 01:38:50 PM
Agree that its impossible to completely stop bitcoin, but it will pop the bubble as exchanges, bitpay etc will be forbiden too.

They would thrive online by operating out of territories where bitcoin is at least legal if not encouraged, the way that online gaming does now. But buying/selling bitcoin would become somewhat trickier in banned countries, for sure.

online gaming or gambling?
8219  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 10, 2013, 01:21:37 PM
0.02 bot is ridiculous

SOOOOOOO ridiculous... if this bot, or one of these bots it yours... you are screwing it up for everyone else.

Just ignore it, it's irrelevant.

The lag that they cause isnt.

Yes, thats exactly the point actually. They are manipulating others' input so they can make more on the spread themselves.

Finally somebody realizes what's wrong with Mt Gox...
8220  Economy / Speculation / Re: Convergex group suggesting diversification into Bitcoin on: April 10, 2013, 01:20:07 PM
Yep, hopefully with time and education more like him will emerge.

They write things that "interest" people, it doesn't matter how educated they are.
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