Mt. Gox drops to 20, reconsidering your mining rigs?

[Sukrim]

Won't take long until MtGox is empty!
Only ~150k USD in bids until 10 USD has been reached...

The market needs both BTC and (even more) USD very fast or it might become _very_ volatile.

Nice weekend for gamblers, just earned another BTC on a price swing.

[Meman]

lol, the sheeps are in panic mode. trust me, they'll be back - after the next BTC price explosion.

[bcpokey]

Honestly looking at all the new "help me build my new rig" threads that are still popping up, looks like most sheep aren't even really aware of the happenings. Whether that's good or bad, who knows.

[snoopytime]

lol most sheep only have one browser open, and its pointing to 'sheepegg.com' rofl rofl

[Freakin]

Lol for some reason this just made me think of a little sheep.exe program that floated around in the late 90's.  You could run as many copies as you want and each copy creates a little bleating sheep that you can throw around you screen.  Anyone else remember that?

[AngelusWebDesign]

This thread needs to get renamed -- not $20, but $12!

[chungenhung]

This thread needs to get renamed -- not $20, but $12!

No, it is $10 now.

[Chucksta]

Gits !!!  you got me all excited, saying it was $10 $12

I went on MT Gox, ready to part with $1k, only to find the price over $20

gits,

LOL

[mouser98]

you need another option:  am satisfied with my rig, no plans to increase or decrease mining operations.

in another thread someone mentioned the relation between price and difficulty at difficulty divided by 25,000.  at current difficulty, that puts the price at $22.69, which is pretty close to the point the mt gox price seems to be swinging around.  of course, the denominator, 25000, will go down as more FRNs show up in the market.

in any case, i can see no reason to panic.

[benx009]

Yeah, sure, Bitcoin being at 16.5 (currently) sucks, but I'm not really losing anything.  I've basically refused to toss in any of my personal money directly into buying bitcoins.  I have used my money however to buy hardware, so if Bitcoin regrettably tanks, I can just sell that and be left only with my losses paying for electricity (some of which will be covered by the bitcoins I'm generating now).  Best m.o. for now if you asked me.

[ensign_lee]

The same way they shut down pokerstars and fulltiltpoker whenever they decided they wanted to (both of which were based in other countries). Seize the domain and put scary FBI warning signs up (like the one currently on http://bookmaker.com/ which they also did it to) warning people to stay away.

Concentrated sites are easy to take down.

Register the domain in Russia, Finland, Switzerland, Japan, or Cocos Islands -> Problem solved.

Besides, pokerstars.com and fulltiltpoker.com work just fine at the moment, and the .net domains were never down to begin with & their site was fully operational the whole time. I follow the news.

They're fine now because they struck deals with the US DoJ to do so.

Listen, I love bitcoin as much as anyone else, but the fact of the matter is, it is not impossible to stop...or at least wound very severely.