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Lag increasing, people panic selling faster than Gox can process??
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Lag getting back up... Has Gox popped again?
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Seeing first sign of price buckling...
You must be looking at a different chart to me then. I see morons selling in panic and the price rebounding back up almost instantly. If you let your emotions get the best of you in times like this then you will regret it very soon  Oh well, weak hands to strong. Yes, panic sell... But since the price were "frozen", people continued "betting" on the last price, so even if one is selling low, another transaction occur right after at higher price... Wait for the lag queue to clear up... Some are already panic selling as the price buckle... |
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Seeing first sign of price buckling...
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As title says... Brace for impact! |
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Hypothetical simulation...
MtGox database is corrupted. Will have to rely on backup data, that means that every transactions made since yesterday is gone. This will not change the current amount of Bitcoins or dollars in your account, but from a BTC price point of view, yesterday at backup time the price was at 112$/BTC, so that's the price BTC will be when databases are restored. Hopefully the DB will be restored today...
So, what do you think Gox answer will be?
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Sure, but if you look everywhere, I'm pretty sure everyone is pretty much on hold. MtGox act like as a master reference. If it goes up, others follow. It goes down, other follows. It's rarely Gox that follow others. Everyone is waiting for Gox right now to decide if we'll crash or not on Gox re-entry...
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So, it's ironic to see how a supposedly "decentralized" currency get halted because a single site is down... Well, the protocol itself is immune, but the market value is basically on hold worldwide...
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So, is it DDoS against Bitcoin exchanges?
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Huge overload due to massive LTC buy/sell.
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Does anyone believe this Mtgox is going to support LTC rumor which caused the LTC spike?
I don't know. But if it's true, I think Mark Karpeles should leave the Bitcoin foundation board. Lol. Supporting usd is fine. Ltc is not. Why you hate crypro? I want the board members to focus 100% on Bitcoin. It's a Bitcoin foundation, not a cryptocurrency foundation. I approve |
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Just hit 106$ |
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Certainly an historic day for Bitcoin...
the only question is, "Who are the fools?"
Is it the buyers or the sellers?
Time will tell. Perhaps, it may take 3 to 5 years to know that answer. Any thoughts about when we'll know?
I would say 3 to 5 months... not years... At least, we'll know if it was a bubble! However, the few last time it crashed, like in 2011, practically nobody knew of Bitcoins. Now it's much more mainstream, with many more "serious" investors. |
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Price break psychological barrier... price fall down... We've all seen this on a few occasions. Don't worry, price will fluctuate, and eventually get back up |
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Well, I think we can reasonably say that Bitcoins has entered the grown-up playing field now... Look at the media attentions coming up...  |
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