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If you aren't the sole controller of your private keys, you don't have any bitcoins.
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Short sell - borrowing an asset and then selling it with intentions of buying back later at a lower price
Naked short sell- being able to short sell without first borrowing the asset
Only one of these activities is fraudulent.
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So where are those bulls now who were insulting last night while I was making perfect predictions? Fess up.
You nailed it! Now you have to tell us what happens next. |
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The fact that you can't withdraw fiat or bitcoins from a Bitcoin exchange was the first serious indication that there is foul play going on.  Weren't there other signs: * The price 10% over other exchanges * The replaying of transactions during the December/2013 crash The exchange rate being 10% over other exchanges was due to the fact that you couldn't withdraw fiat. But yes, there were plenty of other signs. There were signs back in 2011. |
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Smart traders want profit. There are no smart buyers with bitcoin. If someone bought bitcoins when they costed less than 1 dollar without the intention to trade, they are smart. If someone buys bitcoins without the intention to trade and they are worth $1 million next year, then they are smart. If someone bought bitcoins when they were less than a dollar with the intention to trade, then they inevitably sold when they were $10 if they were smart, and therefore are stupid because they lost out on their bitcoins going to 1000 dollars.
Relativity invalidates your argument... like many arguments
To me, it seems common sense, that bitcoin will be obsolete after new developments in coming years, and with that, the units will lose value. So, I consider someone a fool, if one doesn't think that one has to sell their coins. To me it seems the same, as if people would have told that "Spacewar!" will be the computer game that will be played by everyone for several decades. I'm quite certain that bitcoin has a relatively short lifespan, but it does introduce the idea of open sourced monetary systems, and this will be placed high in history books. For Bitcoin to become obsolete, something better will have to take it's place. When something better takes it's place, bitcoin holders will have the opportunity to trade bitcoins for the replacement. |
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This is the first serious indication there is foul play going on... (not saying there is any, it's just strange...) The fact that you can't withdraw fiat or bitcoins from a Bitcoin exchange was the first serious indication that there is foul play going on. |
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LOL. People took this company seriously. |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
Who really knows? Maybe magicaltux is pissed at bitcoin and selling his stash If so, will Mt. Gox shut down sending Bitcoin to the moon (or the floor)? It will be painful at first, but better in time. |
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The current problem with the BItcoin price is that too few people hold too many coins. (Satoshi has 1 million, FBI has 100K, etc.)
Once more people hold less coins, the price will go up.
When the exchange rate goes up, more people will hold less coins. |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
Who really knows? Maybe magicaltux is pissed at bitcoin and selling his stash We can only hope! |
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scared the shit out of everyone.
The coins of one dude are now in the hands of many. What is there to be scared about? |
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Look, everyone are buying that big wall. Go and buy those "cheap coins" quickly!
Doesn't mater that this buying pressure just came out of thin air and no one was interested in buying 580$ coins before that big wall ;-)
Smart buyers want liquidity. Day tarders want to move the market. Smart traders want profit. There are no smart buyers with bitcoin. If someone buys bitcoins without the intention to trade, then that one sadly can't be smart. OK! Chase that fiat! |
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Look, everyone are buying that big wall. Go and buy those "cheap coins" quickly!
Doesn't mater that this buying pressure just came out of thin air and no one was interested in buying 580$ coins before that big wall ;-)
Smart buyers want liquidity. Day tarders want to move the market. |
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People should announce before they move the market more than 50%  Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't? I have BTC there. To fail at taking advantage of the volatility  Really, more than 200% instant profits I can take. Well I hope for your sake that you are someday able to claim any profits you've earned at Gox. He's always got an out via BitcoinBuilder. Indeed. I don't really follow the Gox situation further than what I read here. I suppose people have received actual Bitcoins from BitcoinBuilder? |
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Is anyone else struck by the irony that the community has been demanding Mark's resignation for weeks now, but when he actually resigns the market responds with a 50% drop?
Is that accurate, or is there some part I'm missing here?
I certainly don't expect rational behavior from Gox customers, otherwise they wouldn't be Gox customers in the first place. |
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People should announce before they move the market more than 50% Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't? I have BTC there. To fail at taking advantage of the volatility Really, more than 200% instant profits I can take. Well I hope for your sake that you are someday able to claim any profits you've earned at Gox. |
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People should announce before they move the market more than 50% Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't? |
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If you avoid certain sections of the forum, you get a much better signal to noise ratio.
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You really are a massive buffoon...
Then don't quote him...  Hey Doc... I am done with the Fonz Bravo! |
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You really are a massive buffoon...
Then don't quote him... |
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