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zyk
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February 28, 2014, 01:06:19 PM |
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Paul Buitink @paulbuitink · 2h
According to my source it was the leaking of the crisis doc that ultimately killed the rescue of Gox
The joint statement killed the rescue (if one ever was to be effected). Yeah , you could have covered up the ponzi for quite a longer time....but the majority of insiders decided to rather cash out now, since most of them sold already (and don´t want to be caught red-handed) The bag is for you Mesdames et Monsieurs  |
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mmitech
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Activity: 1148
Merit: 1001
things you own end up owning you
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February 28, 2014, 01:07:11 PM |
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your forgot the 1d MACD, which is turning green.
4 Hr MACD has just crossed. The king of all trader Sell Signals. This sucker is going down hard....whether it breaches $400, I seriously doubt it but with Bitcoin anything is possible. I dont think it would, there is no panic in the air, no uncertainty. Just a casual dump because " we supposed to dump" I don't expect panic at all, we will be going down slowly and in waves, so there is always a chance for making profit in between, but because I dont have nerves and balls to trade daily, I wait for good and clear opportunities and trade 2 or 3 times maximum a month, and believe me it is better than watching the 15 min chart and going crazy... and of course it is also safer. |
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Solarstorm75
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Activity: 70
Merit: 10
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February 28, 2014, 01:07:29 PM |
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That's the point BTC won't work for me anymore. I dont trust it. I don't trust any exchanges anymore. But Bitcoin is based on trust only.
Bitcoin is based on not trusting. Its primary value is as a cryptographic protocol providing cryptographic guarantees, so that you do not need to trust a counterparty. If you give your bitcoins to someone else and they do not return them, it is not a failure of bitcoin. It is a failure of your good sense. Do not trust your good sense until you retrain it. Bitcoin remains trustworthy. Okay, I should have written: Bitcoin's real life value is based on trust. I would never had fiat invested into Bitcoin, if I had no trust, that there are a lot of people paying fiat to me for the BTC tomorrow . |
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magicmexican
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February 28, 2014, 01:14:44 PM |
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looks like btc-e is overreacting or stamp/huobi are slow
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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February 28, 2014, 01:17:41 PM |
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 CCMF Boston South Station? |
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barbs
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February 28, 2014, 01:18:11 PM |
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that very vertical wall at 550 is the only thing keeping stamp from full blown dumps
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yrtrnc
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February 28, 2014, 01:18:38 PM |
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looks like btc-e is overreacting or stamp/huobi are slow
They've been 20 under stamp since a few days! |
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FNG
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February 28, 2014, 01:19:45 PM |
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CCMF Boston South Station? Singapore. Not sure the exact location..I took the pic from Reddit. Singapore just got 6 machines though. They seem to be popping up everywhere the past few weeks |
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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February 28, 2014, 01:19:56 PM |
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looks like btc-e is overreacting or stamp/huobi are slow
btc-e is 20 below for last 2-3 days |
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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February 28, 2014, 01:25:17 PM |
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IMHO the only panic that will happen, is that most of people who doesn't have coins at Bitstamp ( suggesting that they are like me I never keep BTC on exchanges) will start sending coins to exchanges, but Bitstamp require 6 confirmations now, so any drop wont occur instantly, it will take hours to happen. and days of waves till we break the last low.
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magicmexican
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February 28, 2014, 01:27:21 PM |
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i wonder if the fact that 850k BTC were stolen and there is a possibility of the huge dump will be the cause of the next fud/panic
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KFR
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February 28, 2014, 01:28:30 PM |
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That's the point BTC won't work for me anymore. I dont trust it. I don't trust any exchanges anymore. But Bitcoin is based on trust only.
Bitcoin is based on not trusting. Its primary value is as a cryptographic protocol providing cryptographic guarantees, so that you do not need to trust a counterparty. If you give your bitcoins to someone else and they do not return them, it is not a failure of bitcoin. It is a failure of your good sense. Do not trust your good sense until you retrain it. Bitcoin remains trustworthy. +1 |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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February 28, 2014, 01:29:13 PM |
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i wonder if the fact that 850k BTC were stolen and there is a possibility of the huge dump will be the cause of the next fud/panic
I doubt that, all current exchanges ( maybe except BTC-e) use strict AML and KYC complience |
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yrtrnc
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February 28, 2014, 01:30:17 PM |
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CCMF Boston South Station? Singapore. Not sure the exact location..I took the pic from Reddit. Singapore just got 6 machines though. They seem to be popping up everywhere the past few weeks I think hong kong |
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yrtrnc
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February 28, 2014, 01:31:39 PM |
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i wonder if the fact that 850k BTC were stolen and there is a possibility of the huge dump will be the cause of the next fud/panic
I dont think they would dump them now! |
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TERA
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February 28, 2014, 01:33:29 PM |
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Be grateful with gox at least you have a physical person to hate, a place to protest, and legal proceedings to attempt. Now imagine if it was btce that went down. It would just *poof* *gone*. There would be none of this drama.
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FTWbitcoinFTW
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February 28, 2014, 01:33:32 PM |
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i wonder if the fact that 850k BTC were stolen and there is a possibility of the huge dump will be the cause of the next fud/panic
I doubt that, all current exchanges ( maybe except BTC-e) use strict AML and KYC complience Same for MtGox Soo should be very easy to catch them... Wait... how much is a passport scan on TOR ? 0.01btc ? If you can scam 850K i think it's not so difficult to forge a fake confirmed account |
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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February 28, 2014, 01:37:43 PM |
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i wonder if the fact that 850k BTC were stolen and there is a possibility of the huge dump will be the cause of the next fud/panic
I doubt that, all current exchanges ( maybe except BTC-e) use strict AML and KYC complience Same for MtGox Soo should be very easy to catch them... Wait... how much is a passport scan on TOR ? 0.01btc ? If you can scam 850K i think it's not so difficult to forge a fake confirmed account I am no legal expert to be honest, a massive dump could happen but cashing that money out wont be easy... |
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