|
F-bernanke
|
 |
February 23, 2014, 10:23:46 AM |
|
If gox does fix withdrawals, there will be two groups of people on gox after this:
1. Those who panic sold at the lower prices, lost everything, are jaded, and may never come back to bitcoin again.
2. The traders who suckered the money out of group#1, are sitting on a ton of coins at MASSIVE profits, and will take their profits on bitstamp where fiat withdrawals are more reputable.
Highly unethical of gox to let this happen (or actually promote it). But thats a good point TERA, Only note that there will be capital controls at gox to limit outflow. |
|
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
windjc
Legendary
 Offline
Activity: 2156
Merit: 1070
|
|
February 23, 2014, 10:25:27 AM |
|
Strange how everyone enjoys watching the illogical crash but cries about the inevitable rise.
|
|
|
|
|
schizoid
Member
Offline
Activity: 73
Merit: 10
|
|
February 23, 2014, 10:27:43 AM |
|
1. Those who panic sold at the lower prices, lost everything, are jaded, and may never come back to bitcoin again.
People tend to hold when they're underwater. I suspect the $90 sellers bought a little lower last year and wanted to get out while they could still claim a win. |
|
|
|
|
|
fonzie
|
|
February 23, 2014, 10:27:53 AM |
|
Strange how everyone enjoys watching the illogical crash but cries about the inevitable rise.
But but, the bull trap is finished, and we´re about to crash once again  |
|
|
|
|
RicePicker
Full Member
Offline
Activity: 216
Merit: 100
RicePicker
|
|
February 23, 2014, 10:28:35 AM |
|
If gox does fix withdrawals, there will be two groups of people on gox after this:
1. Those who panic sold at the lower prices, lost everything, are jaded, and may never come back to bitcoin again.
2. The traders who suckered the money out of group#1, are sitting on a ton of coins at MASSIVE profits, and will take their profits on bitstamp where fiat withdrawals are more reputable.
Since there will definitely be a mad scramble of people buying coins to GTFO of Gox there will be a huge surge in price as the ASK side thins down. I wonder if anyone is stupid enough to continue depositing coins into Gox lured by the prices? |
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
|
February 23, 2014, 10:29:25 AM |
|
Bitfinex ... I know they look shady.
How so? I've seen action on their order book which would be criminal in more regulated markets, but to my knowledge they've only ever dealt freely, never broken a fiduciary promise. |
|
|
|
|
N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
|
February 23, 2014, 10:30:33 AM |
|
Strange how everyone enjoys watching the logical crash but cries about the inevitable rise.
People have built up a serious emotional investment in wanting to see MtGox die, and I feel that they are associating this with a price of 0. They probably also can't handle how MtGox leads the other exchanges in direction. All this anger and hate was really quite incredible to watch, I'm quite certain that it has contributed to bad decision making. |
|
|
|
|
|
KeyserSoze
|
|
February 23, 2014, 10:31:59 AM |
|
From their FAQ, is this strictly true?
"Bitcoin is a free software project with no central authority, with no entry fees and no gain from anyone."
Miners by definition keep fees. Gavin gets a salary to develop Bitcoin.
But Bitcoin gets nothing. Cheer up, sad Bitcoin. PayPal's software doesn't get anything either. |
|
|
|
|
|
Bagatell
|
|
February 23, 2014, 10:32:52 AM |
|
If gox does fix withdrawals, there will be two groups of people on gox after this:
1. Those who panic sold at the lower prices, lost everything, are jaded, and may never come back to bitcoin again.
2. The traders who suckered the money out of group#1, are sitting on a ton of coins at MASSIVE profits, and will take their profits on bitstamp where fiat withdrawals are more reputable.
3. noobs, hodling out of instinct and going wtf?  |
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
|
February 23, 2014, 10:35:12 AM |
|
just a smidge lower and i'm up enough on the day to buy a nice 18 year old.
|
|
|
|
|
|
TERA
|
|
February 23, 2014, 10:37:35 AM |
|
Strange how everyone enjoys watching the logical crash but cries about the inevitable rise.
People have built up a serious emotional investment in wanting to see MtGox die, and I feel that they are associating this with a price of 0. They probably also can't handle how MtGox leads the other exchanges in direction. All this anger and hate was really quite incredible to watch, I'm quite certain that it has contributed to bad decision making. Finally someone who understands. |
|
|
|
|
Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
|
|
February 23, 2014, 10:41:04 AM |
|
just a smidge lower and i'm up enough on the day to buy a nice 18 year old.
I need a link to where you shop! |
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
|
February 23, 2014, 10:43:55 AM |
|
just a smidge lower and i'm up enough on the day to buy a nice 18 year old.
I need a link to where you shop! meaning:  |
|
|
|
|
Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
|
|
February 23, 2014, 10:44:58 AM |
|
just a smidge lower and i'm up enough on the day to buy a nice 18 year old.
I need a link to where you shop! meaning: well played...well played.... sigh....all this bitcoin drama makes me horny Searing |
|
|
|
|
|
Mythul
|
|
February 23, 2014, 10:58:14 AM |
|
Nice drink, just don't drunk trade  |
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
|
|
February 23, 2014, 11:00:33 AM |
|
625! Looks like an upgrade is in order:  |
|
|
|
|
|
magicmexican
|
|
February 23, 2014, 11:03:00 AM |
|
Bear traps everywhere
|
|
|
|
|
oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
|
|
February 23, 2014, 11:04:31 AM |
|
Strange how everyone enjoys watching the logical crash but cries about the inevitable rise.
People have built up a serious emotional investment in wanting to see MtGox die, and I feel that they are associating this with a price of 0. They probably also can't handle how MtGox leads the other exchanges in direction. All this anger and hate was really quite incredible to watch, I'm quite certain that it has contributed to bad decision making. You're probably right about the "emotional investment to gox dying" part, but I don't see how people in here are less excited about the rise than the crash. The difference is that there was, I agree, some amount of Schadenfreude when gox fell, then again, also quite a few expressed anger about what looked like panic sellers getting fleeced. |
|
|
|
|
windjc
Legendary
Offline
Activity: 2156
Merit: 1070
|
|
February 23, 2014, 11:07:39 AM |
|
Strange how everyone enjoys watching the logical crash but cries about the inevitable rise.
People have built up a serious emotional investment in wanting to see MtGox die, and I feel that they are associating this with a price of 0. They probably also can't handle how MtGox leads the other exchanges in direction. All this anger and hate was really quite incredible to watch, I'm quite certain that it has contributed to bad decision making. You're probably right about the "emotional investment to gox dying" part, but I don't see how people in here are less excited about the rise than the crash. The difference is that there was, I agree, some amount of Schadenfreude when gox fell, then again, also quite a few expressed anger about what looked like panic sellers getting fleeced. In my opinion panic sellers deserve fleecing. I posted about this days ago. However that's different than rooting for an exchange to go insolvent and for thousands of people to lose their money. That's cruel. I would like to see Gox go away as much as anyone, but not in a way where people lose their money simply for having it there. |
|
|
|
|
|
Vigil
|
|
February 23, 2014, 11:09:28 AM |
|
I didn't panic sell, but I sold in order to get more btc. I had set a buy at $100 but Gox canceled it, leaving my buy at $91.5. Gox hit $95 just before bouncing to $260. Now I am left with 1/3 of my coins. A lot of my orders get canceled on Gox for some reason.
|
|
|
|
|
|
Poll
