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Why did GLBSE close? Why is BTC-USD dropping hard?
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Topic: Why did GLBSE close? Why is BTC-USD dropping hard? (Read 989 times)
goxed
(OP)
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Bitcoin / Crypto mining Hardware.
Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 03:49:02 AM
#1
Any news? I hear that the owner of GLBSE has defaulted. What did he default on? Why is he lawyered up?
Revewing Bitcoin / Crypto mining Hardware.
semperferox
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Re: Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 03:55:17 AM
#2
This is all I know:
https://bitcointalk.org/index.php?topic=115669.0;all
tHash
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Re: Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 04:01:43 AM
#3
As for the value dropping. Someone is using the opportunity to crash the market, it seems. Mix a bit of negative news and FUD with some sizable sell walls and you can push the market down without it costing too much. Hard to say when it will turn around, but I doubt we have hit bottom. Smart people will hold on, it will come back. It's not like bitcoin is going anywhere.
semperferox
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Re: Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 04:03:14 AM
#4
Quote from: tHash on October 07, 2012, 04:01:43 AM
Smart people will hold on, it will come back. It's not like bitcoin is going anywhere.
As any smart person knows, you
buy
when the price is decreasing. Anything else is lunacy
nomnomnom
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Re: Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 04:06:40 AM
#5
AFAIK he hasn't defaulted. But he his scared about possible legal problems and thus is closing down.
At least that is what i've read so far.
SEC agent
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America, land of the free
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Re: Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 05:36:43 AM
#6
Why would a person who offers unregulated securities based mostly on ponzis close up shop once the SEC starts investigating related unregulated securities?
It is a mystery!
"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
goxed
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Bitcoin / Crypto mining Hardware.
Re: Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 05:50:43 AM
#7
Quote from: SEC agent on October 07, 2012, 05:36:43 AM
Why would a person who offers unregulated securities based mostly on ponzis close up shop once the SEC starts investigating related unregulated securities?
It is a mystery!
Oh okay, TLDR Nefario (GLBSE co-owner) claims SEC involvement with GLBSE.
Revewing Bitcoin / Crypto mining Hardware.
goxed
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Bitcoin / Crypto mining Hardware.
Re: Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 05:52:31 AM
#8
Quote from: SEC agent on October 07, 2012, 05:36:43 AM
BTW
SEC Agent,
where did you suddenly pop out from?
Revewing Bitcoin / Crypto mining Hardware.
SEC agent
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America, land of the free
Re: Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 05:54:15 AM
#9
He hasn't claimed anything yet.
I didn't "pop up", I've been here a while.
"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
Bitznbitz
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Re: Why did GLBSE close? Why is BTC-USD dropping hard?
October 07, 2012, 07:14:28 PM
#10
Bitcoin to be made even on bad news.
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