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1  Other / Beginners & Help / Big Seller Gone on: August 07, 2011, 01:42:01 AM
Word on the street is that the big seller is done and gone.

Come Sunday/Monday this thing should rebound nicely.
2  Economy / Speculation / Re: Slow Crash on: August 07, 2011, 01:39:16 AM
Word on the street is that the big seller is done and out.

Come Sunday/Monday things will rebound nicely.

I'm back in at 6.75 average.
3  Bitcoin / Bitcoin Discussion / Re: Goxed - 15:30 open on: June 26, 2011, 07:58:03 PM
Everytime I place a sell order below highest bid it doesn't complete, only to refresh and find that the highest bid is even lower. WTF!?! MtGox is screwing us with the order book, depth and trades data.
4  Economy / Trading Discussion / Re: WOOT! MtGox Trading is ON :) on: June 26, 2011, 07:49:29 PM
Prices are dropping on both MtGox and Tradehill. Can people actually trade? I don't see any market data on MtGox. Are we trading blind?
5  Economy / Trading Discussion / Re: Is anyone buying bitcoins at MtGox right now? on: June 26, 2011, 07:47:19 PM
Is ANYONE able to trade? The price keeps dropping and I'd like to sell ASAP. Their trade data api is motionless.
6  Bitcoin / Bitcoin Discussion / Re: Down to zero it goes! on: June 26, 2011, 07:34:10 PM
Why does the price on MtGox keep going down? Are people able to trade? The price is down in the 14's now. I'd really like to place an order to sell ASAP. Are other people able to trade?

P.S. Why does the moderator delete our posts? Is he trying to manipulate the forums?
7  Bitcoin / Bitcoin Discussion / Why Does MtGox Price Keep Going Down? on: June 26, 2011, 07:27:28 PM
Everytime I login to MtGox to check to see if trading has started, the "last price" is lower, and it keeps going lower every time. It started in the 17's, then 15's, and now 14's. Are people able to put in orders?  I can't stand seeing it drop like this. I really really want to put in a sell order ASAP. Thanks for any info.
8  Bitcoin / Bitcoin Discussion / Re: MtGox flash-crash rollback - Requesting full disclosure or referal to SEC/JSDA on: June 21, 2011, 04:02:32 PM
People keep saying that rollbacks are "usual" on securities exchanges in case of massive mistrade.
This is true indeed.
But I'd like to remind everyone that such rollbacks are always overlooked by the SEC / FSA / other regulatory body to whom full disclosure is made.
It is also common that the identity of the main beneficiary of the rollback is disclosed publicly for the sake of transparency.

In the case of MtGox, who is the regulator?
Who will warrant that the rollback is legitimate and fair?
Who will verify that the flash crash is due to an intruder, and not a fat finger.
Who will confirm that MtGox does not have vested interests in this rollback?
Who will make sure that the "victim" of the mistrade was not himself doing market manipulation / predatory trading under cover of the MtGox darkpool facility (USD 8M on a single account is very suspicious).

As an exchange, MtGox has a duty of transparency and equity.
This affair must be reported and audited by the SEC or JSDA asap, and the involved counterparts should be notified of it.
Alternatively, full public disclosure of the identity of the beneficiary account is the least that MtGox can do if it wants to proceed with the rollback anyway.

MtGox, please be aware that not only you can refer this matter to the regulatory authorities.
That'll surely look much better for you if you are the one who does though.


HAHAHAHAH! I read this subject line and laughed my a** off! "reported and audited by the SEC"! HAHAHAHA! This goes 100% against the purpose of Bitcoin.  If regulators, especially the SEC were brought into this my faith, along with a lot of others in the ideals of Bitcoin would vanish. That would be a MUCH bigger problem for Bitcoin than a flash crash on MtGox. You "regulation" types are exactly what Bitcoin is NOT about!

9  Bitcoin / Bitcoin Discussion / Re: Portrait of 2 Kevin Days. Or are they the Same Person? You decide. on: June 21, 2011, 04:58:45 AM
Good work! This gets more interesting by the minute.
10  Bitcoin / Bitcoin Discussion / Re: TRADEHILL...looking good! on: June 21, 2011, 03:06:53 AM
Looks like someone smart managed to get out before MtGox comes online and all the sellers take that $14 down to single digits.
11  Bitcoin / Bitcoin Discussion / Re: I'm Kevin, here's my side. on: June 21, 2011, 03:03:45 AM
Let Kevin keep the few btc he managed to get out (i.e. steal) and rollback the trades, with MtGox taking the loss on the lost BTC. That's the only solution that will work.
12  Bitcoin / Bitcoin Discussion / Re: "I'm Kevin, and I'm full of shit" [a must read!] on: June 21, 2011, 01:21:11 AM
10364   toasty   toasty@dragondata.com   $1$rtQupk2h$FR.Ee1vC2s70WFatliWHz1                     


Google this guy.  He has a unique skillset to match.

Interesting! This Kevin Day guy comes up in Google in various security/password/hacking links. The plot thickens!
13  Bitcoin / Bitcoin Discussion / Foreshadowing: "The Coming Attack On Bitcoin And How To Survive It" from June 7 on: June 20, 2011, 11:12:30 PM
The Coming Attack On Bitcoin And How To Survive It

From EconomicsAndLiberty.com:

By Anthony Freeman

With bitcoin gaining mainstream attention the coming attack on its users is inevitable. In this short piece I will explain how it is likely to unfold and how you can survive it.

First, a little background:

In 1996 E-gold was one of the early entrants to the market with a private, global e-currency. They achieved stellar growth and widespread attention – much like bitcoin today. Accolades came from freedom-lovers everywhere. They were the “Great Gold Hope” that would free the people by freeing the money. Privacy-enthusiasts, libertarians, gold-bugs, autarchists, anarchists, voluntaryists, drug-dealers, and even unsavory types flocked to it with praise and adoration.

Of course, the monopolists of the monetary system didn’t take lightly to this threat to their very existence. They came after the independent exchangers and e-gold with their full force and fury – eventually succeeding in convicting the key players for “conspiracy to operate an unlicensed money-transmitting business” and “conspiracy to engage in money laundering”. E-gold was fairly easy to take down because their operations and data-center were centralized and readily accessible.

Many folks who are now currently acting as currency exchangers for bitcoin will be the first to come under attack. Many will get hurt and possibly even imprisoned but, because of its decentralized nature, bitcoin will survive where e-gold did not.

If any of the large exchangers like mtgox.com are operating out of the US then it won’t be long before they are raided and shut down. Individual exchangers will be targeted as well – just to make an example and to scare others out of the community. This will create a giant “wet blanket” on the current enthusiasm for bitcoin and I expect the currency to take a major drop in exchange value when this happens. Not to fear though. Bitcoin will survive due to its decentralized “peer to peer” nature and it will continue to operate as an “alter-cash” resuming its growth albeit at a slower rate during the immediate aftermath.

To protect yourself I recommend the following:

You probably have a little more time before the attacks come (maybe a couple of months?) to acquire bitcoin with cash – and there are profits in speculation to be made until then but, when the raids come, expect a sharp correction before exchange values move on to new highs over a longer period of time. What you do not want to do is be involved as an “exchange service” conducting exchanges in and out of national currencies and you definitely do not want to have your money sitting in the exchanger’s account when they are raided and shut down.

Remember, e-gold was shut down for “conspiracy to operate an unlicensed money transmitting business”. Do not store any money in online accounts like mybitcoin.com in case they get taken down along with the exchangers. Keep all of your bitcoins on your computer with multiple, encrypted back-ups both on the cloud and on an external thumb drive.

The safest way to acquire bitcoin is to let people know that you will accept it as payment for your products and services. Do not ever exchange it for national currencies. The point that people miss here is that national currencies are the very problem that freedom-lovers are trying to get away from. Instead, use bitcoin to trade with merchants and individuals who accept it as payment. Offer it as payment to those who are unaware of it and explain the benefits to them. This will help develop the market and create a solid economy outside of national currencies. After the initial attack, bitcoin will likely be one of the most powerful and revolutionary tools to bring about more freedom and liberty to humankind.
14  Bitcoin / Bitcoin Discussion / Re: All this rage and BTC valuation is almost back where it was before the event. on: June 20, 2011, 10:05:18 PM
I think this attack on Mt.Gox was a reality check. People's valuation of BTC will be lower as a result. Single digits is not unreasonable.
15  Bitcoin / Bitcoin Discussion / Re: Hold on to your butts... on: June 17, 2011, 11:16:20 PM
Bizarre movement. Back down she goes. Probably to new low of day too.
16  Bitcoin / Bitcoin Discussion / Re: $3 jump on: June 17, 2011, 11:14:07 PM
Back down she goes. Where she lands no one know.
17  Other / Beginners & Help / Re: Trojan Wallet stealer be careful on: June 17, 2011, 07:01:51 AM
Hmmm, what if the link provided above is the trojan?  Grin
18  Bitcoin / Bitcoin Discussion / Re: Selling into the weekend? on: June 16, 2011, 11:51:38 PM
Sellers have broken down $18/BTC on MtGox...  right on schedule according to weekend drops.
19  Bitcoin / Bitcoin Discussion / Re: The trollercoaster on: June 16, 2011, 11:05:55 PM
Ya, he must be in big time. Seeing the price slowly fall is like slow torture.
20  Bitcoin / Bitcoin Discussion / Re: Selling into the weekend? on: June 16, 2011, 09:35:01 PM
Downward pressure selling. Expect we such into weekend. Tongue
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