[You halt trading for 12 hours to "improve" your trading engine and to allow the market to "cool down"...You bring the trading functions back up and you still lag like shit...So where is the improvement and point of the halting?]

You halt trading for 12 hours to "improve" your trading engine and to allow the market to "cool down"...

You bring the trading functions back up and you still lag like shit...

So where is the improvement and point of the halting?

 

1. In 30 minutes (or so) gox comes back up.

2. Lags the fuck out.

3. Site gets taken off line temporarily (few hours)

4. Site comes back up.

5. Lags the fuck out ^ 2

6. Gox goes down for 2 to 5 days to "improve" trading engine.

7. Gox comes back online....LAGs the fuck out again.

8. All the while price goes up and down like a mother...

LOL

See a pattern?  

 

In June 2011 Gox estimated a few days to be down and they were down for much longer.

Don't be surprised if they are closed for more than just a few more hours (using their initial 12 hour estimation).

I estimate they will be down for 3 days.

I could be wrong, but using their track record 3-5 days sounds reasonable.

This will in turn give stagnant prices to the market.

Just speculating lol

In June 2011 Gox estimated a few days to be down and they were down for much longer.

Don't be surprised if they are closed for more than just a few more hours (using their initial 12 hour estimation).

I estimate they will be down for 3 days.

I could be wrong, but using their track record 3-5 days sounds reasonable.

 

[Yes I am baaaaaaaaaaaaaaack.]

Yes I am baaaaaaaaaaaaaaack.

For you tards that sold below $120 (in the past 24 hours) how does it feel?

That large 15,000+ new user queue on gox are users that want to BUY bitcoin. Not sell them lol.

Just saying..  

 

Seems very long to not have 1 block.

Just had to make a thread about this. 

  I can't help myself.

[UPDATED OP: $440 to be hit by end of April is my guess.]

Just for fun I'm putting this up.

Let's see if I am right.  


UPDATED OP: $440 to be hit by end of April is my guess.

 

 

 Proudhon send the bitcoin to:

1PBYabu7XWHzeGNczR8WpPWtDdBxkEgDex

 

 

http://www.bitlisten.com

 


Mod note: I replaced the link from listentobitcoin to bitlisten because the former may contain malware.

  Sell your coins now before it is too late  

[OP so how does it feel to have sold < $30?]

I sold a nice chunk of my bitcoins recently.  The reason I did this stems from my thinking that bitcoins @  27-28 are way overpriced and I wanted to cashout before it crashes.

Bitcoins biggest selling points are its ability to be anonymous and decentralized.  Most people do not care about this.  The only services currently offered that really are served by bitcoins biggest assets are illegal ones--Gambling and Silk Road.  The current run up is 95% related to speculation that "everyone will get rich by just buying and hoarding bitcoins".  This will end like the last run up--crashing down to reality.

Ask the latte drinking hipsters why bitcoin is such a good investment.  They will spill out some rubbish that sounds partially coherent but in the end--still rubbish.  Again, the two biggest beneficiaries of bitcoin are gambling websites and silk road.  However, most people can already gamble via offshore or its legal in their country and most people wanting to obtain drugs can do so without using silk road or bitcoin.  Therefore, the biggest forces currently moving bitcoin (gambling and silk road) are really niche services and service a small percentage of those possible users.  

Other forces at work that will undermine bitcoin will come from amazon's new currency that they have started promoting.  If amazon had taken bitcoin as a form of payment then perhaps a larger circle could have been drawn that would have propelled bitcoin out of the niche, geek, and fringe reality.  Instead that did not happen.

With this being said, I see value of bitcoin at a much smaller price then 27-28.  I see it as being valued at 5-6 per bitcoin and this is quite generous.  Bitcoin will descend back into the fringe and this is why I sold all of my bitcoins.  27 is bigger then 5 or 6.


PS. now there will be some people who will post 5 charts that show bitcoin going to the stars and state that the fundamentals are all there for an explosive growth in this new technology.  Rubbish. They are just shamelessly promoting their current holdings much like those shameless "gold is the answer" charlatans.  If you continue to hold and lose your proverbial bum--blame no one but yourself

OP so how does it feel to have sold < $30?

Just curious on the community's sentiment of the FUTURE!