IIOII
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Merit: 1012
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April 03, 2013, 09:11:43 PM |
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It's a shame that the whole market is so dependent on the MtGox pricing... hope that other exchanges gain market share...
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glub0x
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Activity: 892
Merit: 1013
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April 03, 2013, 09:20:54 PM |
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fantastic buying opportunity for who goes through the laag
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The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactionsSatoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
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Brushan
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Activity: 224
Merit: 10
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April 03, 2013, 09:24:43 PM |
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People talking about block limits and shit being the achilles heel of bitcoin when it is actually Mt.Gox that is hurting BTC the most and has been for the last weeks.
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MatthewLM
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Activity: 1190
Merit: 1004
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April 03, 2013, 09:46:52 PM |
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There is a gap in the market for a UK based exchange with free to very low cost bank transfers, and greater reliability, and of-course for other counties and in general considering Mtgox is not very good.
I don't want to use MtGox to buy or sell at the moment. I still can't get my head around how to do UK bank transfers and how much it will cost. I could hold cash in Mtgox and re-buy bitcoins later of-course but I don't feel secure with Mtgox with previous problems they have had and the general feeling of unprofessionalism I get with the website.
I thought there would have been more exchange competition.
For now I'll keep my bitcoins regardless and at some point I'll spend them within the bitcoin economy, where I can, which I think is the best thing I can do.
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BitcoinTate
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Activity: 224
Merit: 100
DigiByte Founder
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April 03, 2013, 09:50:19 PM |
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And now its back to $130 lol
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- aka The "DigiMan"
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maxmint
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April 03, 2013, 09:51:22 PM |
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Who's the guy behind bitcoinity? Love his backgrounds
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ruggedman_dan
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Activity: 1012
Merit: 1000
We on P. Sherman 42 Wallaby Way, Sydney
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April 04, 2013, 02:48:32 AM |
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OMG not again, another of this stupid posts!!!
the btc sell off was triggered by MTGox sucking ass at protecting their website from DOS attacks and whatever other mismanagement they incurred into. newbies will panic and sell and smart buyers will get cheap coins. This is not a sell off due to lack of price support or any other stupid technicalities other than ineptitude from MTGox. We'll see bitcoin in 150 again by the end of the week if not sooner.
But isn't this type of thing exactly what makes "outsiders" scared to invest? If I am new to btc and thinking of buying I would have some major concerns after hearing of attacks. The severity of each individual attack is unimportant really- the connotation of the word ATTACK is enough to turn someone off. And lets be totally real- it isn't an outstanding BTC economy that is driving the price up. It is precisely the people who I refered to in the first sentence. Just a thought.
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b!z
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Activity: 1582
Merit: 1010
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April 04, 2013, 03:16:44 AM |
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OMG not again, another of this stupid posts!!!
the btc sell off was triggered by MTGox sucking ass at protecting their website from DOS attacks and whatever other mismanagement they incurred into. newbies will panic and sell and smart buyers will get cheap coins. This is not a sell off due to lack of price support or any other stupid technicalities other than ineptitude from MTGox. We'll see bitcoin in 150 again by the end of the week if not sooner.
But isn't this type of thing exactly what makes "outsiders" scared to invest? If I am new to btc and thinking of buying I would have some major concerns after hearing of attacks. The severity of each individual attack is unimportant really- the connotation of the word ATTACK is enough to turn someone off. And lets be totally real- it isn't an outstanding BTC economy that is driving the price up. It is precisely the people who I refered to in the first sentence. Just a thought. early adopter = more profit
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zedicus
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Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
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April 04, 2013, 03:25:32 AM |
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Missed the whole dam thing!! I had a busy day in the field and didnt get to a terminal til about an hour ago only to return to find my spider senses were picking up +5000 hate for mtgox!! Who took the charts for a ride ...
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ruski
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April 04, 2013, 07:45:42 AM |
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Mt Gox is hurting Bitcoin in the same way that Democracy is the worst system of government. [spoiler]except all the other ones[/spoiler]
How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
Don't bite the hand that feeds you... it just might stop.
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Mark Oates
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April 04, 2013, 08:27:31 AM |
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Mt Gox is hurting Bitcoin in the same way that Democracy is the worst system of government. [spoiler]except all the other ones[/spoiler]
How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
+1
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Zaih
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April 04, 2013, 08:27:59 AM |
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Wrong, buddy!
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Brushan
Member
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Activity: 224
Merit: 10
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April 04, 2013, 08:48:24 AM |
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Mt Gox is hurting Bitcoin in the same way that Democracy is the worst system of government. [spoiler]except all the other ones[/spoiler]
How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
Don't bite the hand that feeds you... it just might stop.
I have nothing against Mt.Gox but they could do a much better job. I'm not even using it but the bitcoin world is linked to Mt.Gox because of it's size and they have made day trading more like gambling. People make good forecasts and are about to make their moves and then the lag starts. This does not look good at all. But what worries me the most is that they are accepting so many new members right now without even being able to handle volumes today. That, in my opinion, is greed. I think they should just close for new member until they upgrade their engine. That will give other exchanges more new customers, making bitcoin more decentralized and making Mt.Gox more stable. If they don't come up with something very soon, i don't see how they will keep going.
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b!z
Legendary
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Activity: 1582
Merit: 1010
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April 04, 2013, 11:35:36 AM |
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tfw i sold at $120 hoping to short, and failed because of you guys
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Luno
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April 04, 2013, 11:41:56 AM |
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tfw i sold at $120 hoping to short, and failed because of you guys
U did better than me; $117!
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mccorvic
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April 04, 2013, 11:53:37 AM |
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tfw i sold at $120 hoping to short, and failed because of you guys
Trying to catch the low in those panic situations is even more of a gamble then rolling on SD. I just hold, hold, hold.
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piramida
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Activity: 1176
Merit: 1010
Borsche
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April 04, 2013, 02:04:34 PM |
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Trying to catch the low in those panic situations is even more of a gamble then rolling on SD. I just hold, hold, hold.
Nah it's easy; after the panic selling starts wait 30 minutes then click "buy" at market price then go to bed.
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i am satoshi
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jwzguy
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April 04, 2013, 02:09:23 PM |
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want to put your money where your mouth is?
I already did.
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BIGMERVE
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April 04, 2013, 02:22:25 PM |
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want to put your money where your mouth is?
I already did.
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ineededausername
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April 04, 2013, 02:42:38 PM |
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looks like some people were screwed over in this thread
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(BFL)^2 < 0
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