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Question: MtGox is goxxed, BTC down @75%...What now?
I am panic buying cheap coins. up, uP,UP!!! - 59 (22.8%)
I am panic selling...better to just get out now - 20 (7.7%)
Nothing, Gox has my money locked up - 29 (11.2%)
Desperately try to get more dirty fiat into the system, so I can buy - 42 (16.2%)
Eat popcorn and watch everything burn - 55 (21.2%)
Commit suicide because I am broke - 8 (3.1%)
I like gummi bears - 46 (17.8%)
Total Voters: 192

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Author Topic: What is your plan now? {poll}  (Read 1895 times)
evolve (OP)
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April 11, 2013, 04:03:34 PM
 #1

Whats your plan?
Ekaros
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April 11, 2013, 04:05:47 PM
 #2

"Troll" and laugh...

I do like bad dramas... I have no invests so I'm fine either way. Though if I had spare cash I would like to grab some coins at 10€ each...

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Frost
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April 11, 2013, 04:07:53 PM
 #3

Eat pizza and watch everything burn and wait for tommorow when we hit single digits. I have some nifty dollars which I will spend for bitcoins if they are 4$worth
piramida
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April 11, 2013, 04:11:24 PM
 #4

Sit tight and watch the fun. Buy orders set at two exchanges at undisclosed but double digit levels. If it gets ridiculously low, like to 2012 levels - I'll send some wires, but not expecting that realistically, I think the trading range would be at 30-150 for a while.

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giarc
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April 11, 2013, 04:13:16 PM
 #5

orders on mtgox in low double digits, sitting happy waiting till restart of trading.

Now going bowling.

If anything I've said is vaguely useful feel free to show your appreciation
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HappyBitCoinUser
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April 11, 2013, 04:13:45 PM
 #6

Popcorn.
rpietila
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April 11, 2013, 04:15:23 PM
 #7

I am expecting the trading to resume at about $100 and will gladly accept anything below.

My dream of being in the top 100 is perhaps being fulfilled as we speak!

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zoolander
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April 11, 2013, 04:15:52 PM
 #8

I really don't know what to do at this point. Gox shutting down has just throw yet another curve ball into the mix. I thought I was sitting pretty with some FIAT in my Gox account ready to buy back in when the dust finally settles (I think that could take quite a long time) but now I'm worried about the FIAT itself if everyone decides to ship funds out of Gox. Oh well, I never put anything in that I couldn't afford to lose.
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April 11, 2013, 04:16:50 PM
 #9

1) When trading on Gox reopens, I'll trade according to my usual strategy (which might indicate buying or selling, depending on what happens when the dry powder trapped there gets uncorked) until the arbitrageurs manage to close the exchange gap. Meanwhile, put a bunch of my non-speculative BTC on other exchanges.
2) When the price on Gox ceases to be significantly higher than the price on other exchanges, buy there and withdraw to refill my personal purse. Meanwhile sell equivalent amounts on the other exchanges. Continue this until my exposure to Gox has become only a portion of my exposure to Bitcoin exchanges in general.
3) Continue trading on all such exchanges (Gox included) according to my usual strategy.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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April 11, 2013, 07:31:07 PM
 #10

Learning to code a bot.  Wink
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April 11, 2013, 07:36:46 PM
 #11

Quote
I am panic buying cheap coins. up, uP,UP!!!    21 (18.3%)
I am panic selling...better to just get out now    7 (6.1%)

It's a bear market now.
NikolaTesla
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April 11, 2013, 10:39:33 PM
 #12

I'm not panic selling because I already sold it all. But I'm not going bull either; I think we just need to wait for the dust to settle before making any rash decisions about whether to go bullish or bearish.

Most likely the price will settle around $30-50 across exchanges and then very slowly climb the way a normal asset should.
evolve (OP)
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April 11, 2013, 10:47:31 PM
 #13

This thing is going to go down in flames...get your popcorn ready, the show starts soon! We need a countdown clock...
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April 11, 2013, 10:56:40 PM
 #14

-Nothing, Gox has my money locked up

-Eat popcorn and watch everything burn - popcorn and beer  Cool
BTW: I never  "panic sell", but after some beers I  "drunk buy"
Qoheleth
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April 11, 2013, 11:07:28 PM
 #15

This thing
What thing?

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
evolve (OP)
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April 11, 2013, 11:41:28 PM
 #16

The price.
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April 11, 2013, 11:45:23 PM
 #17

Who's not liking gummi bears???

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Ekaros
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April 11, 2013, 11:53:19 PM
 #18

Who's not liking gummi bears???

I'm illiterate. Atleast I voted for that not gummis Grin

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myrkul
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April 11, 2013, 11:57:59 PM
 #19

It would take too long to get any fiat to the exchanges, so all I can do is sit on the coins I have and watch the show.

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evolve (OP)
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April 12, 2013, 12:00:19 AM
 #20

I'm illiterate. Atleast I voted for that not gummis Grin

Hahaha, yeah I changed that option at the last minute, I didn't realize anyone had voted yet.... Grin
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