Holliday
Legendary
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Activity: 1120
Merit: 1009
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February 20, 2014, 06:11:33 PM |
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This is going to be a huge loss for bitcoin holders when Mtgox goes under
Gox has been a cancer to Bitcoin for years now. Their final demise will usher in a new day. |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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podyx
Legendary
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Activity: 2338
Merit: 1035
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February 20, 2014, 06:11:41 PM |
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I guess this confirms that mtgox will never allow btc withdrawals ever again
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icey
Legendary
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Activity: 1578
Merit: 1000
May the coin be with you..
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February 20, 2014, 06:12:00 PM |
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Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.
 Good luck to you sir! |
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ShroomsKit_Disgrace
Legendary
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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February 20, 2014, 06:12:15 PM |
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Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.
Your Fucking BALLS have the size of Jupiter, sir.  |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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February 20, 2014, 06:12:21 PM |
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What i find amusing about all of this is that just a month ago people would literally kill to buy at "this" price.
Now that we are at "this" price people do not want to buy. No one has any clue where the bottom will be and everyone is afraid to make the first move.
This will end poorly until the we hit the price of what the whales want to buy at. They probably have firm targets in mind. And after seeing how low it can
go on mtgox they will allow it to hit 300 area before buying.
You overestimate the power of those mystical whales. They move the market individually more than smaller traders, sure, but even they risk losing a lot if they go completely against the stream. Go back to June/July 2013, and look at how the reversal unfolded back then. a) the trend reversed in a very clear "organic" way, with buying pressure simply building up to the point where a reversal was quite clear by around July 8. b) then came a number of big volume moves that might well have been whales. but, see a) above, they reacted to a (feebly, perhaps) established reversal. c) then came a majestic dump, quite possibly a misguided whale seeing a chance to exit the game, or maybe an attempt to keep price down... didn't matter. It only threw us back maybe a week, then the upwards trend continued. Slow, very slow, for a long time, until the real rally started, but that's a different matter. tl;dr Whales matter, but not as much as some people seem to think, and even whales can get burned if they act dumb. |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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February 20, 2014, 06:12:24 PM |
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I guess this confirms that mtgox will never allow btc withdrawals ever again
it confirms a lot of gox traders think that |
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bangersdad
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February 20, 2014, 06:12:35 PM |
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Well it looks like Rpietelias old prediction is going to come true..just 8 months late....we will never see over $100 on gox very soon.
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magicmexican
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February 20, 2014, 06:12:53 PM |
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goxcoin=~1/5 BTC
Its frustrating that bitcoinbuilder still near 0,4 I would consider buying at 0.2 |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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February 20, 2014, 06:12:55 PM |
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Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.
go large or go home  |
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wobber
Legendary
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Activity: 1064
Merit: 1001
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February 20, 2014, 06:13:54 PM |
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Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.
That's amazing. You're willing to risk all that money? |
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TeeBone
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February 20, 2014, 06:14:20 PM |
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Amazed by the amount of people saying they don't use 2FA.
Seriously guys, WTF? How difficult is to download Google Auth on your phone and to set up the 2FA on your exchange account?
Why do you try so hard to be the low-hanging fruit and thus to be hacked?
WHY???
I guess i'm not the only one who worries about losing the phone and doesn't really know how to keep backups of the 2FA stuff properly. Very easy When you scan the QR the first time, you have a string of letters above the QR Just write that on a paper on .txt -- truecrypt -- done Same with a QR picture or screen --- truecrypt -- done And if you forget to do this first time just stop 2AF then enable again, should be the same QR code popping, just SAVE IT Where can you find the 2factor keys on blockchain.info wallets ? Seems like only the QR pops up. |
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Mythul
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February 20, 2014, 06:14:24 PM |
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Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.
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Patel
Legendary
Offline
Activity: 1321
Merit: 1007
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February 20, 2014, 06:15:03 PM |
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Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.
Just wondering, no offense intended, what makes you think you will be able to withdraw these newly bought btc, before others get their withdrawals? And based on the accusations of MtGox running fractional reserve, do you believe you can withdraw those btc you buy? |
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Richard Branson
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February 20, 2014, 06:16:20 PM |
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He doesn't need to withdraw them.
Sell 50% of them @ bitcoinbuilder.com
The rest is riskfree and 100% profit (if he is ever able to withdraw gox coins)
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Luno
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February 20, 2014, 06:18:03 PM |
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having a bank statement that you deposited money at GOX is good. It will have more weight than a guy that only deposited a lot of BTC.
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Kj1
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February 20, 2014, 06:19:02 PM |
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finally, stamp is following a bit
btc was overvalued anyway
i hope we stagnate around the previous 266 ATH and stay there for at least a year until the infrastructure and child problems of bitcoins are resolved and a decent regulated exchange emerges.
then we can go to new ATH's.
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FTWbitcoinFTW
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February 20, 2014, 06:19:08 PM |
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Just wondering, no offense intended, what makes you think you will be able to withdraw these newly bought btc, before others get their withdrawals?
And based on the accusations of MtGox running fractional reserve, do you believe you can withdraw those btc you buy? If the end is like BTC-24, buying now @ 115 112 111 and get back even 50% in btc, i take !! |
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ardana123
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February 20, 2014, 06:19:12 PM |
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I guess this confirms that mtgox will never allow btc withdrawals ever again
it confirms a lot of gox traders think that It only confirms people are stupid and are like lemmings when it comes to panic. I genuinely believe the delay in enabling btc withdrawals is due to their incompetence. Remember they also have to implement a new queue/limits system... |
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delaro
Newbie
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Activity: 28
Merit: 0
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February 20, 2014, 06:19:25 PM |
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goxcoin=~1/5 BTC
Its frustrating that bitcoinbuilder still near 0,4 I would consider buying at 0.2 Exactly what I was thinking. |
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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February 20, 2014, 06:20:07 PM |
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Do you have any proof of sending 50k to mtgox? This is not speculation is throwing money off the window. You might win, but still it's stupid to do.
That's amazing. You're willing to risk all that money? This isn't my only deposit to gox recently and may not be the last one either. I simply do not buy the idea that mtgox is insolvent. They have made far too many BTC since they came online in 2010. I don't feel like I'm taking much risk and if mtgox has lost 50% of their BTC I still win. Honestly, what are the odds mtgox has lost 50% of their bitcoin? |
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