What makes the bitcoin community show resilience is coming together and not taking stupid comments made by politicians. We don't want the politicians to hurt themselves from being stupid. As the motto goes "helping noobs from not hurting themselves since 2009"

The only thing necessary for the triumph of evil is for good men to do nothing.
Edmund Burke

The fact is Senator Joe Manchin who is Dem and doesn't support Bitcoin is sad excuse for Dem senator. I thought the Dem were all about small business and job creation for the middle and working class.

https://www.opensecrets.org/politicians/industries.php?cycle=2014&cid=N00032838&type=I&newmem=N

look at this

13   12   Commercial Banks   $158,300   $68,800   $89,500

This is the reason why big banks executives don't go to jail for money laundering but average citizens do. If we are going to change the way politics operates on bitcoin.

If Joe Manchin is really that concerns on the "war on drugs" He should ask the Feds to stop printing USD because that where most of the drug cartels get there income from. Not Bitcoin.

Please sign petition. The very survival of BTC in the USA is in your hands.

https://www.change.org/petitions/senator-joe-manchin-don-t-let-the-government-ban-bitcoin

The fact is Senator Joe Manchin who is Dem and doesn't support Bitcoin is sad excuse for Dem senator. I thought the Dem were all about small business and job creation for the middle and working class.

https://www.opensecrets.org/politicians/industries.php?cycle=2014&cid=N00032838&type=I&newmem=N

look at this

13   12   Commercial Banks   $158,300   $68,800   $89,500

This is the reason why big banks executives don't go to jail for money laundering but average citizens do. If we are going to change the way politics operates on bitcoin.

If Joe Manchin is really that concerns on the "war on drugs" He should ask the Feds to stop printing USD because that where most of the drug cartels get there income from. Not Bitcoin.

Everyone in the BTC community should be supporting this. The fact is it takes 1  and only 1 US Senator cause havoc on our cause. Banks are too big to fail now because they are the money supply!

Everyone who believe BTCs will be the wave of future should help sign this petition.

God Bless America and Bitcoin!

Hi everyone

After reading an article that Senator Joe Manchin said that he wants Federal Regulators to ban BTC. I believe anyone in the US should be writing to there senators and congressmen/women that the comment Senator Joe Manchin made and make him the blacksheep that he is. He has no clue what potential value of bitcoins are on the US economy. Let's face it, everything goes up and down. When you invest you make that choice to risk your earnings. There is no such thing as safe investments. All investments have a potential downside. If it was so safe, everyone in there mother would be investing in that particular investment vehicle.


Bitcoins has brought tons of jobs/employment to the US economy. Lets look at a simple thing that happen. Remember Butterfly Lab's faulty Power Supply Unit. I wonder how many people went out and brought 50-150$ power supplies from all these companies? In return they hire more employees. 

We all know that Bitcoin will be industry drive of today and future.

I believe we need to all write a letter to our senators and congressmen/women to tell them BTC is here to stay matter what you think. The only reason your elected into office is from our votes. If you want to be a job creator believe in BTC. Otherwise your job destroyer.

Does anyone know how to make petition on change.org and we get everyone to sign it and sent it Senator Joe Machin. Thannks

Gox is probably going to sit on the side lines and rebrand themselves or something. Its too lucrative not too.

thanks hilariousandco. I really appreciate that. I was trying to find the forums. i don't want to be noob anymore

I knew to trust my gut feeling. Gox is gone. Now lets all hunt Mark Karapeles down. Someone needs to sue him.

The problem is how is this guy going to show his face in any country at this point. Either someone will give him a beat down, sue every penny he has, or do both.

On the technical side. Someone to acquire an exchange like that would be very lucrative? or keep running exchange like that very lucrative?

How you raise your activity on bitcointalk.org and become a hero member? Beside being active on the forums and replying to post. How would I get to hero member for Bitcointalk.org?

Thanks

With the current situation and Gox ceasing communication, trade, and withdraws. It seems the situation is hopeless. Although I currently believe Gox is using the "short and distort" method.

I am not a big fan of GOX or its CEO. I believe Mark is scumbag for what he did so far. I called for his resignation several times on coin desk's comments for articles.

I believe that with past seizures,lawsuits, and protocol issues. GOX has lost a substantial amount of money and trust. Although I believe its not in the CEO best interest from him to runaway. GOX has thousands and even millions of users around the world that used to use the GOX exchange. If Mark Karapeles actually ran away with whatever GOX has left. He would not survive in any country. Either there would be tons of lawsuits against him as soon as he step foot on another country's soil or physical get beaten down. When you talk about peoples' lively hoods or some sort of instrument that has value. Surprising things do happen.

I believe MT. Gox has probably gone the route of devaluing the BTC to point where it can purchase the BTC's for cheap 100$/per coin.  Then later flip them for 500$ or more. Let say GOX acquired 15k worth of BTC at 100$ and flip them at 600$ BTCs. You'll be looking at 15 million USDs.  HENCE SHORT AND DISTORT METHOD. Used by wall street plenty of time to strike it rich.

I believe GOX is using all of this media attention to make people wanting to sell off there BTC assets in order to obtain them cheap. I've giving this much thought. If Gox truly wants to shut down. Why not disappear in the middle of the night or close down everything. Instead you leave the website and servers up plus your twitter page? Boiler room schemes disappear overnight if possible.

No firm would ever want Mark Karpeles to invest in there startup. It would just be bad PR overall.

Does anyone know what other skills that Mark Karpeles has beside running exchange.

I would love everyone insight. It basically my conclusion of thinking of this day and night.

I was wondering do the very few control the BTC market?

I was looking for where you can do USD to BTC trades like short sell straddle and so on. Trading USD and BTC back and forth with fiat currencies. In real time. Not coinbase where you have to wait 4 days for withdraw or 4 days for a BTC deposit.

Although I would like to thank everyone for there inputs. I really do appreciate.

My question is does GOX still charge a fee for trading BTCs back and forth between GOX accounts? I am having theory what GOX might be doing?

Thanks Coinkle. I wish more BTC members were more like you.

I agree with your statement BTC is no where worth 100$. I agree with the statement with greedy gamblers. There are a lot of them out there. Although we need those greedy gamblers because the interested from the price of BTC is what makes headlines unfortunately. Anything worth interested and to accelerate growth has to have some underling value.

Yeah its true that not a lot of people know about bitcoins. Although if it appears on the news more often. It gives BTC free advertisement. Its up to people to differentiate what good or bad. Its an investment. Although experience investors will see the potential. People unfortunately are ignorant, but no one can help that. I put an perfect example is when the market crashed in 2009-2011 in the US. We believe that by investing in stocks and companies we were safe. The fact is there no safe investment if you plan to have a return on anything. Even the US government isn't safe anymore. Two government shutdowns,quantitive easing, and borrowing makes the USD safe?

Investors with the highest caliber are there to make money. They also have an understanding that there is always potential loss. MT.GOX is the cause of this whole problem which is sad. Although there risks. If everyone keeps a safe guard on there coins and transfer them out and in from there wallets when transactions need to be done. BTC ecosystem should be alright. The people who invest should have some sort of nesting basket in case of any invest goes south.

I believe eBay and Paypal wallets will include BTC in there wallets or some kind of trade to there currency. The market itself is huge and who would want to keep just eBay and Paypal coins or Amazon coins. Where you can only use them in one place. Amazon and eBay live off of transaction fees. They will do there darnest to make $$$ bills any which way they can. Why would they alienate the BTC community. It would be stupid on there part.

I would count ebay and Amazon because they are one of largest of transaction goods online. If Bitcoin doesn't work out. You think people would go for eBay coin which is only good at eBay. i mine as well get gift certificate from either merchant at that point.

Amazon and eBay move billions of dollars each month. Accepting BTC will only increase there bottom line. The only loyalty that a corporation has is the bottom line and its shareholders. Although if corporations use BTC. It will make our cause look a lot more "safe" and that it legitimate.

Even though the chinese government has kind restricted BTCs. The fact is I know many expats who don't want to keep there funds in China. They will want to transfer it out back into EUR or USD because they don't plan to live in China forever.
The need of BTC will only rise from there.

I would buy as many BTCs at this point and hold the position until the groundworks are fully matured. You won't see a price like this next year for sure or towards the end of the year.

Thanks. I'll check that out for sure.

It should be end of the bubble right now once GOX dies or does something. The support line is 550-600$. If you look at the many businesses and infrastructure getting put into place. We'll see it go up from there. This is the time to stock up on BTCs and long the position. The value of anything lies in 3 things. People Process and Product.

A lot of people are getting into BTC because the value it holds and potential to become a delivery instrument of the future. The people in the BTC ecosystem tend to be good and vocal about Bitcoins. A passion behind it. While businesses see a profit to potential make more revenue.

Process which is one of the most important parts of any business or organization. The process is getting infrastructure put in place to stabilize the value of BTC. ATMs, hopefully 1 day crypto bank, and merchants accepting them will help lay the foundation and grounds of BTC to be used for trade and commerce.

Last is product. The Product is BTC. BTC has value that a lot of people forget about it. With MSB business and Banks. A lot of big businesses are getting charge exorbitant amounts of money to do everyday transaction or multinational transaction. It a trillion dollar industry. Once businesses leaders see the stability of the BTC. You'll see a lot more transaction conducted. The fact is countries like China and Russia make it very difficult to conduct business outside of there borders without governmental approve. Let say your expat living in that country and want to transfer the amount back to USD. Your going to have a hell of a time.The fact is no country likes transferring monies out of there country.

With BTC holders who own a lot more than us. They are not going to let BTC end up in shambles.

Right now the market is in panic because GOX pulling all this crap. If the exchange died out or becomes able to withdraw some funds to its customers you'll see BTC skyrocket back to 700$-800$ point.

Yes at the end of the day is what people think its worth. Although there is underlining value to it. Stocks and mutual funds are exactly similar to BTCs. But with stocks and mutual funds. Big Business has controlled it.

The time to really cash out in BTC is when big business gets involved. The fact is you can't beat them because of there spending power. They are able to change the direction of BTC at anytime.