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Question: Is this the last time we see sub-$10K?
Yes - 38 (40.9%)
No - 55 (59.1%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21536246 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (142 posts by 32 users deleted.)
surfer43
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February 07, 2014, 07:56:56 AM
 #84041

Mt. Gox falls below btc-e

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600watt
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February 07, 2014, 07:58:42 AM
 #84042


so we are goxed again ? for the last time ?
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February 07, 2014, 07:58:44 AM
 #84043

Man, once Gox can process btc withdrawals again, this price is going to shoot back up. This fall is based on nothing tangible at this point.

yar, this has the feeling of dec 17th fighting the urge to sell, and see the price still cut in half.. so sour that people panic so hard. Mind you amazed at how many coins have been transferring hands, go go
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February 07, 2014, 07:58:50 AM
 #84044

exactly windjc.

Although Mt.Gox right now is like a black hole: You can send fiat and coins there (even trade them there) but won't get them back.

I advocate just using another platform for trading and be done with it.
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February 07, 2014, 07:58:51 AM
 #84045

I removed my 665 order when I went to sleep, let's see if that was bad move.
Kramerc
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February 07, 2014, 07:59:03 AM
 #84046

I need to wire some more dollars to stamp. That'd be fun.
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February 07, 2014, 08:03:28 AM
 #84047

Ok, this sort of looks like the bottom. Good enough for me.

Fully Bitcoin once again. Choo-choo!

Patience is a virtue.  Smiley

Truth to be told, I'm more comfortable holding Bitcoin, nevermind the current market price.

Sure, if you sell at the peak and buy at the bottom, you can pocket the change if done correctly. But it's a lot of stress and sleepless nights for maybe a 20% profit, if executed perfectly.

Or you can just buy some Bitcoin every now and then and hope it will go up over time, just like it always has.
traderCJ
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February 07, 2014, 08:03:48 AM
 #84048

Man, once Gox can process btc withdrawals again, this price is going to shoot back up. This fall is based on nothing tangible at this point.

Are we sure they will process BTC withdraws anytime soon?  What if their audit routine is fucked and they literally have no more BTC left?  A talented hacker or perhaps someone on the inside could certainly bleed the exchange dry if they understood how the circumvent gox's safeguards.  There would be no mass migration of coins to see, just an empty, desiccated husk left.  /tinfoil hat removed
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February 07, 2014, 08:03:57 AM
 #84049

That 700 wall at Gox is starting to look mighty slim now...
medialab101
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February 07, 2014, 08:04:54 AM
 #84050

This fall is based on nothing tangible at this point.


Gox faltering on the brink
Apple bans blockchain app
Russians planning on outlawing BTC
Huge orchestrated dumping across exchanges
Gox finally shutting down BTC withdrawal

Lots of reasons for this dump today
seleme
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February 07, 2014, 08:06:48 AM
 #84051

Good thing about trading alts - you don't have bitcoins to care about their price  Grin
Vigil
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February 07, 2014, 08:06:54 AM
 #84052

This fall is based on nothing tangible at this point.


Gox faltering on the brink
Apple bans blockchain app
Russians planning on outlawing BTC
Huge orchestrated dumping across exchanges
Gox finally shutting down BTC withdrawal

Lots of reasons for this dump today
Go easy on him. He's a perma-bull.
surfer43
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February 07, 2014, 08:08:09 AM
 #84053

Ok, this sort of looks like the bottom. Good enough for me.

Fully Bitcoin once again. Choo-choo!

Patience is a virtue.  Smiley

Truth to be told, I'm more comfortable holding Bitcoin, nevermind the current market price.

Sure, if you sell at the peak and buy at the bottom, you can pocket the change if done correctly. But it's a lot of stress and sleepless nights for maybe a 20% profit, if executed perfectly.

Or you can just buy some Bitcoin every now and then and hope it will go up over time, just like it always has.
1.2 ^ 20 = 38

do it 20 times, multiply money by 38  Wink
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February 07, 2014, 08:08:18 AM
 #84054

This fall is based on nothing tangible at this point.


Gox faltering on the brink
Apple bans blockchain app
Russians planning on outlawing BTC
Huge orchestrated dumping across exchanges
Gox finally shutting down BTC withdrawal

Lots of reasons for this dump today

and absolutely nothing of this list happened "out of a sudden".
surfer43
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February 07, 2014, 08:08:48 AM
 #84055

Good thing about trading alts - you don't have bitcoins to care about their price  Grin
yeah but their price is tied to BTC  Cheesy
Davyd05
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February 07, 2014, 08:09:13 AM
 #84056

This fall is based on nothing tangible at this point.


Gox faltering on the brink
Apple bans blockchain app
Russians planning on outlawing BTC
Huge orchestrated dumping across exchanges
Gox finally shutting down BTC withdrawal

Lots of reasons for this dump today

no no no , it is just so the Chinese can lead us once again to ATH's silly silly ( trolling < but not really )
magicmexican
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February 07, 2014, 08:10:54 AM
 #84057

Gox is just a joke
wobber
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February 07, 2014, 08:11:36 AM
 #84058

This fall is based on nothing tangible at this point.


Gox faltering on the brink
Apple bans blockchain app
Russians planning on outlawing BTC
Huge orchestrated dumping across exchanges
Gox finally shutting down BTC withdrawal

Lots of reasons for this dump today

Oh noes,

Gox faltering on the brink  = exchanges should never had a place in bitcoin economy
Apple bans blockchain app = apple is good only for bondage fanboys, men like to be free
Russians planning on outlawing BTC = Russia doesn't ban anything, they simply kill.
Huge orchestrated dumping across exchanges = of course, that what's happening when you have too much coins in just a few hands
Gox finally shutting down BTC withdrawal = Gox is dead for a year now, only stupid (aka greedy) people use it.
medialab101
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February 07, 2014, 08:11:53 AM
 #84059

This fall is based on nothing tangible at this point.


Gox faltering on the brink
Apple bans blockchain app
Russians planning on outlawing BTC
Huge orchestrated dumping across exchanges
Gox finally shutting down BTC withdrawal

Lots of reasons for this dump today

and absolutely nothing of this list happened "out of a sudden".

And new record for BTC days destroyed...

I'm sure I'm still missing like 3-4 things...
JCviggen
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February 07, 2014, 08:12:10 AM
 #84060

and absolutely nothing of this list happened "out of a sudden".

Especially with Gox you do get to a tipping point, when confidence is lost the slide is started and then the herd mentality takes over.
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