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And GOX hits 360....ouch!
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b/c like it or not, gox has 1000's of real bitcoins, that users cannot cash out. Well for cash they can but not coins. ANyways Mt.Gox made bitcoin to where it is today as an exchange. They do the most volume of trades per day. And like it or not, the other exchanges will follow. They are the Nasdaq of the bitcoin world. Imagine if NASDAQ said you cannot sell your stocks because there is a problem with our system.......Matter of fact.....Here we go..490.....480
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Look at the daily chart of all the bitcoin exchanges.......Notice a trend? Not to mention, who knows how many bitcoins were stolen from the exchanges...NO ONE DOES. Im all for bitcoin, 100%. But there is alot of skepticism with no answers. Why are there no answers? Because "Satoshi Nakamoto" created bitcoin. There for its upon the shady exchanges to give the public detail about whats going on. Remember your digital currency is in their wallets, and how many of your coins did the exchanges double send to hackers of the bitcoin network? Who knows how many are gone to never be given back to the original person that deposited them? Lets see what happens when you can actually pull you coins out of BTC-e, Gox, And BitStamp. Im a buyer at 100. Once this is all straighten out, im sure it will go back up, but until then, I hope i can buy cheap.
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Panic selling continues.....GOX is about to fall below 500 next stop....100
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yes, you are solving a mathematical equation to earn bitcoins, but due to the greediness of companies such as Cointerra, KNC, and Butterfly Labs you will never have a chance to earn a fraction of what they are earning. Check out this guy: http://eligius.st/~wizkid057/newstats/userstats.php/1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X . They are hashing with 900+ TH. Yep you got it thats TH. His computer is 1000x faster that your usb miners. I like you once was interested in mining. However after months of research and reading dozens of horror stories about ASIC suppliers delivering late, or not at all, i can tell you save your time and money either buy bitcoin or just save it for your kids college fund. |
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mining is a complete waste of time and money! You are better off throwing them in the garbage and save your electricity. Mining is a big ponzi scheme. the computers cost more than what they will ever ROI! If anything buy bitcoin.... not right now but maybe when its at 100 per coin.
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Anyone?  ? |
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ATTENTION: Realize no one person bought or sold 10,000 coins. IF, the price really did drop like that to 100, thousands of people bought and sold fractions, and maybe a 100 or 200 coins. There was 100000+ transactions that happened in those few moments.....IF they actually happened at all.
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I doubt the price even went down that low.
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I hate to be the one to say I told you so........hit 500 at 3am. Don't get me wrong I've been interested in bitcoin for a while, and would love to get some, but even at 500 it's still too expensive. I will consider buying a small amount at 500, just to be in the game a bit, but realistically I wouldn't be dumping my savings or anything more than I would take with me to vegas for that matter. Because of the dramatic rise to 1200 with nothing not more than money makers making that happen due to the small about of existing coins.
The concept is simple but up all the coins cheap, drive the price up, sell when all the "consumer" buyers are saying it's gunna go to 10000, or a million. No that they have sold all the bit coins they have for huge profits, the rest of you are holding still holding the bag. Only time will tell, but with no security getting fiat in or out of bitcoin. People are going to stop buy and start selling.
I hate to say it, but I see the price below 500 this week, and not bouncing back to 1000 for a very, very long time.
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MTGOX now almost = to bitstamp.....next stop 500!
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The whole bitcoin system cannot work if you can't buy and sell coins easily. Not to mention trust the exchanges. I just don't know....
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Id love to buy more at $100
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The price is falling quick.... I can't wait till I can buy more at $100.
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I'm looking for answers as to why KNC, coin terra, butterfly labs, hash fast , etc don't actually sell anything. They just take thousands of dollars from people trusting they will get a money making machine. I'm sorry but I don't buy into this. And now that mt gox is being revealed as a Ponzi scheme, it just seem very suspicious. Someone is making a grip of money, which means that thousands of people have to lose money! Good luck to all!
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Just FYI both cointerra and knc removed my posts from their blogs.... I wonder why???
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This is a classic PONZI scheme. Don't listen to these idiots on this forum pumping the shit out of bitcoin. Google "pump and dump". Realistically you are talking about cyber money. You may as well kiss your money goodbye. Why the f- would the winklevoss guys come out and say they own a grip of bitcoin.... So the rest of you morons buy buy buy and drive the price to 1200. I feel bad for all of you that put your savings and hard earned money into Monopoly money. It will collapse soon. And guess who won't have a bitcoin in their wallet ---- you guesses it... The winklevoss twins, laughing all the way to the bank with your money. Any website that used to be for trading magic cards is definently a scam!
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