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I will be snoring lightly. I may wake to adjust my pillow and/or blanket a bit.
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Registered: January 26, 2011
What a ride!
I've always been risk-averse and paranoid, and watching this spectacle has sort of validated that attitude for me... Amazing times, I'm starting to think I should have taken notes for a book, although I'm not a writer in any sense of the word.
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Stupid bears taking 400% profit. Curse 'em, eh?  Pretty sure many folks took in quite a lot more than that. In theory anyway - they still have to get the funds off whatever exchange they used to sell... |
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I'm not in the habit of making price predictions, but I see no reason to think Bitcoin is dying. There's real use for the currency, now we may find out what price level that use currently supports.
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Even assuming it's real... they have e-mail addresses and salted password hashes. If your password is weak, then worry. If you were prudent, what's the problem?
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is mtgox just a meeting hall facilitator or do they hold and exchange funds until both party's are clear
im still Leary about buying selling like this (love the idea i'm just a paraniod aspie
Gox holds onto all funds. You still have counterparty risk in trading there, but not from the other side of your trade. You have to trust Gox instead. |
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Funny, I was looking at the charts, thinking there didn't seem to be any single big reason for the fall. Just too far, too fast.
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And now that we're back up, at least for now, take a look at what just happened and draw your conclusions on how much wealth you're willing to have in BTC.
The correct answer, incidentally, is: No more than you can afford to lose entirely.
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The price goes up, no questions asked. The price goes down, it's all "why, why!?".
Volatility goes both ways. If you don't know why it's going up, you won't know why it goes down, either.
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Bah, 123, bitstamp touched down to 78.40... but then again, it was trading and gox wasn't (functionally), so can't really compare.
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For all I can tell, they *have* halted trading. Or maybe it's just the lag that has ground things to a halt. Either way, all I see is a lot of sites creaking under the pressure.
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Seeing Keiser talk gives me the same kind of creeps Bruce Wagner did.
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It will stop when people will say "no, I will not pay that much for a bitcoin".
No, it'll stop when enough people say "OK, that's enough of a profit for me". Then others will say "oh, I'd better cash out while I can!". After that, yet more will say "Shit, better cut my losses quick!". Just don't ask me when it's going to happen or how drastic the effect will be.... |
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You're going to have to wait for a court case to see how the law gets interpreted on this. Pragmatically, customs would have a very hard time finding out what amount of BTC any given person holds, but the legislative and judicial branch don't always care about pragmatism.
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I care, not because douchebaggery might affect the market price (I doubt it), but because it weakens the signal to noise ratio of this forum. Take a look at the discussion that went on here a couple of years ago and tell me this place hasn't suffered.
If you can't behave like an adult, you're useless.
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"They won't make a sound no matter how many of them you try to toss in a bucket, and you can't pitch them in a fountain and wish for good luck."
You'd think journalists would at least try to disguise their contempt for their readers.
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North Europe. People I've talked with seem pretty indignant that people can just have their savings shaved like that, but personally not concerned. Then again, most of my friends live pretty hand-to-mouth and don't have that much in the bank to lose in the first place.
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