 Show Posts
|
|
Pages: [1] 2 3 4 5 6 7 »
|
|
This is a tale as old as bitcoin's history.
|
|
|
|
|
What will this do to the price? They are 3 hours behind on new blocks, and their wallet service is giving very interesting errors. I tried to withdraw from my blockchain.info wallet and the balance didn't decrease.
|
|
|
|
If blockchain.info starts to have this types of internal ledger just like coinbase and xapo than they will loss their charm of being a true bitcoin web wallet. They will be same as centralized payment processors and talking about internal transactions between merchants there may be fee in % which will cost you more if you are sending more than 1BTC compared to what you have to pay to send that 1BTC in normal bitcoin transaction.
We will see what happens with this blockchain.info outage that's happening at this very moment. |
|
|
|
The "Bitcoin Discussion" section of the forum is not the right place to post wish fulfillment fantasies about Mt Gox.
I'm more interested in discussion about Satoshi. What could his role be in saving bitcoin? |
|
|
|
|
What if Mt Gox proved that their cold storage(with 700k+ coins) was real and could not be recovered at all? What if Satoshi came down from the heavens and used his large reserve of bitcoins to help repay most of the bitcoins lost by Mt Gox?
|
|
|
|
|
The best case scenario is that these coins are now "stale" or unusable (but can still exist if they find the keys). The worse case scenario (which is equally probable), is that the coins were really stolen.
|
|
|
|
|
I'm going to be honest, I did place my limit orders at $666, so there's that.
|
|
|
|
|
Price has stablized, people still have faith and it looks like we'll be slingshotting above $1k soon.
|
|
|
|
|
$200 was the price before china came into play. That's my limit.
|
|
|
|
Mtgox is the plow on the front of the train.
Takes a beating pushing snow out of the way... and cows... How well it works affects how fast the train goes... But the train is far bigger than the plow.
This. People are still denying that fact that Mt Gox has a direct effect on the market as a whole. |
|
|
|
I wanted to ask any professional traders or people with more experience what they do when markets stop moving and there isn't much activity going on. I realise this is a pretty noobish question but I'm teaching myself how to buy in a disciplined way because I've found I always keep making life harder for myself by panic buying into an altcoin. Do you think it's a good idea to just hang back and observe the prices rather than just rush in and wait for a sensible low price to pop up or is it sometimes worth the risk if you think there's going to be a surge of buyers coming in? For me I've found that a price rise never usually happen fast and when I buy in at what I think is a new low it always drops further meaning I have to wait longer in order to make any money but I don't like the idea of a price spike suddenly happening and me not being there for the profit taking.  I wait for a big crash like this. |
|
|
|
Panic selling continues.....GOX is about to fall below 500 next stop....100
You're looking at the wrong picture , it's not bitcoin that it's falling , it's Gox. All major BTC exchanges have suspended btc trade. But it really doesn't matter, the fact that Bitcoin could go from 950 to 500 in a matter of weeks will get everyone riled up. $100 here we come. |
|
|
|
I'm optimistic, this is just history repeating itself. Wait a couple of weeks and see it reach a new high again. Why wouldn't I be optimistic?
In history though, bitcoin never had an exposed vulnerability cause this much disruption. |
|
|
|
|
I noticed that in times of crash, there are no optimists around preaching "oh no! bitcoin will never go below 600-700! it will be $5000 next month!". They must have bolted off with their cash-out with their tail between their legs.
|
|
|
|
|
I can't even buy anything...
|
|
|
|
|
What happened to mt gox and bitcoin sounds more like virtual bank robbery; comparable to hijacking an armored truck of gold and replacing it with fake gold.
|
|
|
|
Looks like some weaknesses in Bitcoin were found  |
|
|
|
1) I want to be conscious and watching the movements happen when I buy my coins. I don't like buying on the way down, I want to buy as close to the bottom as possible. I feel I have a better chance of doing that if I am creating the orders at the time of the movement.
No, that is a bad idea, and you won't buy close to the bottom, and you have worse chance if you trade while looking at the moving ticker. Because psychology kicks in. You get scared / excited etc, any emotion destroys your ability to think resulting in poor trades. Trust me, setting orders beforehand and not fucking with them later is the only way to get profit. And coinbase is not an exchange, in case you didn't notice yet. It is a wallet where you can buy coins, but you don't trade there. You are a smart trader. I keep my trading window at around 3 days and don't let hourly movements bother me. When it's the right time to throw money in, you'll know, usually when the price becomes stagnant over a 3 or more day period. The same for the reverse if you are cashing out bitcoins, if the price becomes stagnant for a few weeks, you should probably cash out before a crash occurs. I've had no losses from my long-term trading strategy and made well over a couple g's. |
|
|
|
|
