What does he think about Bitstamp? Will it go under 500?
He mentioned Bitstamp a few days ago. In his opinion, Bitstamp is much more reliable than MT for the time being, at least it's not cheating. As for the price, it's hard to say right now. He doesn't climb out on much of a limb with that one. I wonder why he like IFC so much? a look at it's chart since inception is pretty unimpressive. |
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I think the truth lies between options 2 and 3. He knows what is happening and frankly doesn't give a damn, let it roll while he jumps out with his golden parachute. Post up some bs address to a hotel so no one can picket or hurt him? I think this shows he isn't totally oblivious. I don't think he started with bad intentions, but ineptitude got him here.
Actor to play him: Mathew Broderick
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Except for that part about loss of fiat value.
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How much did you just send to Gox?
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The drop from the $800s started on the 5th, days before the Gox bs. It's entirely possible this was coming regardless.
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I can happily say I got in at 556 via coinbase...
Hope others were able to pick up some more coins at these prices =D
BWAHAHAHAHAHAHAHAHA MUG. Seriously. By this time 2moro they are going to be expensive coins, we have hit $540, where I expected there to be at least 'a reaction' but it looks like Bitstamp is going to grind right down through this range. Next support level beyond that is $380. How do you arrive at $380 as the next support level? curious. |
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Yes, Bitstamp or Bitfinex are the way to go. Coinbase is good for transfers, buying and holding, selling, or using it for a mining address. For speculating it's a turd. The OP almost made it, who knows how low it will go overnight.
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That was great timing, but if you had bought on Bitfinex you could have dumped them the next day for over $700. With Coinbase, you won't get the coins till tomorrow, which really sucks right about now. Coinbase 4 bus day wait is brutal.
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Looks like we could possibly go all the way down to $200-$100 numbers again. Who would of though we'd be here now? Not me. I wonder if users are buying at these prices now. I only bought coins, but since I bought them at $650 each I've already lost money. My other small stash, which is only 15 coins all from mining so that's all profit, but it would be nice to see $800 again one day but it really doesn't look like that can happen. Maybe I'll just sell out and be done with this bitcoin. I don't think there could be much money made these days, especially if you can't cash out to begin with.
You got your mining equip and your electricity for free? awesome. |
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Bump
Biafore, where you at?
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sgbett, how much did you just send to Gox?
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So, when is the next announcement?!  Maybe we'll get a postcard from Tahiti? |
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Don't mind the "single digits" part - I just wanted to create a title as ridiculous as the one that said "ATH coming soon". Anyway, here is the news.
I think you said it quite accurately, single digits coming to Gox soon. That just means Biafore will make THAT MUCH MORE OF A KILLING! |
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You guys are dead wrong, Biafore says so.
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These staggered announcements are just a stalling tactic while Mark and his cronies set up new identities and posh accommodations in remote tropical island locations. This is one way you retire early.
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It would take a lot of balls to continue accepting cash deposits for people to buy bitcoin only to come out later and say "Ooops, we're broke - me so sorry."
Or a complete lack of ethics. |
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Get a back bone fucker. Either hodl or be a pussy, sell and don't ever come back.
Yeah, shorting is for pussies who are too weak to take a loss - real men take it in the ass and smile, damnit! bitpop, were you born stupid or did you fall onto your head at some point? |
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It will probably trade between $550-$650 for a long time (a long time in btc is a week or 2). After that, you tell us.
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The announcement says they will update on the 20th, and that they "SHOULD" resume withdrawals "SOON". How the hell did the OP get "Mt. Gox - To resume withdrawals Feb 20th - New ATH approaching" out of that? |
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Monday's message was just more bs stalling. Gox going down into the 2's again, right back down Satan's asshole. So what we have here is a bunch of speculators waiting for an announcement from Gox that gives hope as a signal to buy. This in turn will raise the price, not because enough real investors are dumb enough to act on said announcement, but because enough speculators are betting they will. If/when this does happen it will be a quick spike then back down, with some speculators winning some losing.
Pretty much sum it up?
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