so hum Gox lost 50% within 2 weeks or so.. i just dont understand where the money goes since people cannot withdraw fiat NOR bitcoin.. i mean, i people are selling bitcoins at lower price to have lower fiat amount, where does the value goes since the marketplace is closed (meaning nothing comes out). dunnow if i made myself clear though  Sitting on the sidelines waiting for the situation to clear. |
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http://www.coindesk.com/mt-gox-bitcoin-price-falls-post-china-low/"The most direct contributor to the day’s decline was the revelation that more than 4,500 BTC were reported stolen from online black market Silk Road 2.0, which failed to adequately respond to transaction malleability issues that were earlier reported by Mt. Gox, Bitstamp and other exchanges." All coins might be stolen! Even Stamp. Oh my God! Edit: Gox below 450$!!!!!! Edit: China below 3700 Again, I don't know where this number is coming from since it isn't mentioned in the SR release. |
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^ tell me those guys are quoting eachother  )))) I'm almost tempted to hit the unignore button AKA: confirmed sources Hey its Keyser... You think I'm 19!!! That's fantastic (when you get to my age any hint of youth, however misplaced, is always welcome). |
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Gotta say, the Silk Road 2 news is pretty amusing.
Quite predicable too. If you entrust your BTC to an anonymous criminal then it might just go astray Yup. Whoodathunkit?  Well, I just read their post on their forum....and quite detailed it is too. I'd read it before making any snap judgements - interesting that no mention of the number of coins was mentioned although everyone here swears to know the exact number. One thing for sure the people who are currently in possession of these coins (in France and Australia it seems) have a lot of folk wanting to have a quiet word with them. |
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You're loving this eh Wally? |
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Unlike April (when everyone knew the climb was unsustainable and had to stop at some point), this feels quite different: a long drawn out descent which is allowing people to dwell on the losses.
You can almost smell the fear.
It's going to test peoples' resolve that's for sure but BTC has proven itself to be very resilient thus far.
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In other words, what is essential for us shareholders, is that : If Danny and co. knew about this issue 2 months ago, the whole NEOBEE was very well prepared and awaiting BTC crash.
I wish people would do some reading about the malleability issue rather resort to comments like this. Read the interview with Greg Maxwell for a start and also http://falkvinge.net/2014/02/11/the-embarrassing-fact-mtgox-left-out-of-their-press-release/IMHO a lot of vendors, exchanges etc just haven't been doing house keeping. Once Gox spread the news malleability has become a new source of exploit for the kiddyscriptors as well as a convenient excuse for scam artists. NeoBee has obviously kept up to date with its BTC clients but rather than say well done for being conscientious bitcoin.newsfeed (who lets face it sees the negative in everything) sees it as some sort of conspiracy. |
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Kudos to Risto: he called 14th Feb as a big drop...its the 14th in my timezone St Valentines Day Massacre
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 Just saw this near my house. Blood in the street. Coincidence? Omen? Statistic probability? Nice neighbourhood   |
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That's the bounce done.....second wave of selling incoming.
Glad I woke up early.
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in a months time....when BTC is >USD1K...how we'll laugh about this |
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Attack? This is uber-bullish. If JP Morgan had to write a detailed report in order to shit on BTC it means they are pooping their pants. They are seriously concerned. Great. A very pertinent and acute point. I like the comments below the line esp the list of fines recently paid by JPM. |
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Another great thread Risto, congrats
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I dont think we can withdraw BTCs from either BTC-e or Stamp yet?! and there is no clue when we will be able to do so. could take months.. I've been withdrawing BTC from BTCe the last few days no problems...where does this 'intell' come? |
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your feelings matter but you're ostensibly a man, so you should know that they don't. Seriously, if you think like that then your idea of being a 'man' is pretty juvenile and you are a pretty strong contender to have mental health issues. You could argue that emoting is more useful than thinking. You would be wrong, but you could argue that. What you can't credibly say is that juveniles more typically act on what they think as opposed to what they feel, especially when compared to mature adults. You just discredit yourself when you do that. Same goes for comparing men to women, unless you get all your info from The View. I have no idea what any of that means. I'm not sure you understand or even comprehend emotional intelligence; but the male of the species who repress their feelings often end up sucking a tail pipe or a shotgun. You seem the sort of 'man' I've spent my life trying not to be. My ignore list is small and select - have fun there. |
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your feelings matter but you're ostensibly a man, so you should know that they don't. Seriously, if you think like that then your idea of being a 'man' is pretty juvenile and you are a pretty strong contender to have mental health issues. |
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Deary me...found a leaking pipe about three hours ago...went to the hardware shop, made the repairs...come back and we've had another drama. Crypto is becoming like some sort teen soap drama - even the slightest rut produces hysterical shrieking. Given that we are nowhere near breaking the upper resistance levels (on the 4hour stamp chart at least - below)  I'm wondering how the market is going to react this weekend?* *Perma bulls need not apply for this position
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BTW...I noticed earlier you said "while China sleeps"...from memory China spans at least 5 time zones - there's pretty much always someone awake Of course, I'd speculate the major BTC investment is happening on the east coast eg Beijing, Shanghai, Wuhan, Shandong etc. whic would be GST +9. Well, one can see from the hourly volume charts at bitcoinwisdom that Huobi's clients start trading around 07:00 am Beijing time and stop around 02:00 am. There is almost zero trade between 03:00 am and 06:00 am. One can also see that they sleep trade until later on certain days and wake up somewhat later the next day. OKCoin's volume varies in a daily cycle but does not stop completely at night. Either their clientele is more scattered, or there are unsupervised robots trading there. But anyway it seems that the whole of China is a single time zone, even though it would normally span several times 15 degrees. It makes economic sense to synchronize working hours over the whole country, but I do not know whether they sync their sleep hours too. As with most things in China there's always a difference between the official version of events and the reality, especially the further away you travel from Beijing. But your hours make sense; however, I do tend to agree with Windy that the influence of the Chinese market is waning now. Since the big flash crash of December 18th I think BTC has become more mature in its reliance on any single national market - although obviously there is still a US-centricism that is unhealthy. |
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Actually there is only a finite amount of money that could go in, and a practically infinite number of crypto-coins that can go in. That is one of the many reasons why am skeptical of bitcoin's success.
It's this dilution of the market and specialisation of coins that worries me the most. When I first started exploring alt coins there were less than half a dozen. Now I can't keep up: everytime I make fun of the ridiculousness of them, reality trumps me. |
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