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mccorvic
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May 14, 2013, 08:32:55 PM |
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Yes, I'm starting to believe in some sort of curse on Bitcoin that prevents it from finding any level of stability. It's like, the moment we think we're there MtGox comes and hits us in the gonads.
FTFY Thanks  |
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Rockford
Member
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Activity: 87
Merit: 10
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May 14, 2013, 08:33:16 PM |
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some bears are going to get burned ...severley
The odd thing is, if you think MtGox is about to get owned by the US Govt, you need to BUY bitcoins and move them off the exchange. This was my thought too. This also leads to the theory that it's really just a couple guys trying to manipulate and buy back more coinage then they started with. well lets wait how this ones playing out... I am holding this one for now |
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Frozenlock
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May 14, 2013, 08:35:03 PM |
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We're going back to double digits guys.  |
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Abandon
Member
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Activity: 112
Merit: 10
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May 14, 2013, 08:35:56 PM |
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It's bullish and bearish all at the same time!
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drdanishkhan
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May 14, 2013, 08:36:30 PM |
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I dont think so we will see double digits so soon.. maybe near about 100 by the end of the night..
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Coinseeker
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May 14, 2013, 08:36:41 PM |
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It's bullish and bearish all at the same time!
These are just limit orders propping up the fall. People who don't know this is happening and couldn't pull there orders in time. When they get home from work, they might need suicide watch.  Add to that a couple of big wigs risking their chips to try to stop it. Good luck. |
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EuroTrash
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May 14, 2013, 08:36:49 PM |
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Good news (trust me, it is) + One guy dumping = PANIC!
Not sure how this is good news  Short term I think we are going to face a panic wave with all speculators trying to short sell. |
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Frozenlock
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May 14, 2013, 08:37:54 PM |
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It's bullish and bearish all at the same time!
No it's not. It's 2011 all over again, with all kind of bad news coming out of the woodwork precisely when everyone thought the worse was behind us. |
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fitty
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May 14, 2013, 08:39:13 PM |
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some bears are going to get burned ...severley
The odd thing is, if you think MtGox is about to get owned by the US Govt, you need to BUY bitcoins and move them off the exchange. This was my thought too. This also leads to the theory that it's really just a couple guys trying to manipulate and buy back more coinage then they started with. well lets wait how this ones playing out... I am holding this one for now MtGox is a cancer on the Bitcoin ecosystem, it would be great long term news if people left there in droves. Like I said, buy bitcoins, move them off the site if you're actually scared. The last thing I'd go is have them wire me money, DHS could have told every bank in the US to freeze any incoming wires from them. This all still seems a little iffy. I'm surprised Dwolla would mention lawsuits no one can find record of, and MtGox would have no idea (they still list Dwolla as a withdrawal method). Seems like poor taste by Dwolla (who's CEO has blogged his support of Bitcoin) to say it's now "illegal to deal with MtGox". A lawsuit doesn't make it illegal, the DHS orders if they exist also sound questionable. If it's not a hoax it's a poorly worded notification from Dwolla. Regardless if MtGox worries you, move *coins* off the exchange, not fiat. |
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mccorvic
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May 14, 2013, 08:40:07 PM |
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Good news (trust me, it is) + One guy dumping = PANIC!
Not sure how this is good news It is one more reason to compel people to move away from Gox. The less Gox is used and the more distributed the BTC exchanges the better for everyone. |
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mccorvic
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May 14, 2013, 08:41:06 PM |
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It's bullish and bearish all at the same time!
No it's not. It's 2011 all over again, with all kind of bad news coming out of the woodwork precisely when everyone thought the worse was behind us. And just like 2011 90% of the bad news is solely the fault of Gox  |
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Abandon
Member
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Activity: 112
Merit: 10
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May 14, 2013, 08:42:55 PM |
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It's bullish and bearish all at the same time!
No it's not. It's 2011 all over again, with all kind of bad news coming out of the woodwork precisely when everyone thought the worse was behind us. The bears lost this war, you'll never see a $100 price again! This is the beginning of the momentum, people are already realizing that now is the the time to buy or miss their chance. |
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dexX7
Legendary
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Activity: 1106
Merit: 1026
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May 14, 2013, 08:44:50 PM |
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I requested Dwolla via email to confirm. - They did. [/tinfoilhat] MtGox is a cancer on the Bitcoin ecosystem, it would be great long term news if people left there in droves. Like I said, buy bitcoins, move them off the site if you're actually scared. The last thing I'd go is have them wire me money, DHS could have told every bank in the US to freeze any incoming wires from them. I'm not sure if this is long term bullish as this could affect the level of trust of Bitcoin ("that banned crypto currency for drugs") itself. |
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Frozenlock
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May 14, 2013, 08:45:15 PM |
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The bears lost this war, you'll never see a $100 price again! This is the beginning of the momentum, people are already realizing that now is the the time to buy or miss their chance.
Keep telling yourself that.  |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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May 14, 2013, 08:48:12 PM |
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MtGox is the only exchange that at least halfway got its shit together to not lose any funds and not get shut down. There has been no better alternative, and most certainly not for anyone trading more than pocket change. MtGox's success made Bitcoin's possible, deal with it. Read this and learn: http://fc13.ifca.ai/proc/1-2.pdfThe reason the FREE MARKET is still predominantly using MtGox is that MtGox is the least shit of them all. |
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Coinseeker
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May 14, 2013, 08:49:22 PM |
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The bears lost this war, you'll never see a $100 price again! This is the beginning of the momentum, people are already realizing that now is the the time to buy or miss their chance.
Keep telling yourself that. Classic post! |
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Frozenlock
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May 14, 2013, 08:49:55 PM |
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MtGox is the only exchange that at least halfway got its shit together to not lose any funds and not get shut down. There has been no better alternative, and most certainly not for anyone trading more than pocket change. MtGox's success made Bitcoin's possible, deal with it. Read this and learn: http://fc13.ifca.ai/proc/1-2.pdfThe reason the FREE MARKET is still predominantly using MtGox is that MtGox is the least shit of them all. Yes! Thank you! |
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mccorvic
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May 14, 2013, 08:50:53 PM |
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MtGox is the only exchange that at least halfway got its shit together to not lose any funds and not get shut down. There has been no better alternative, and most certainly not for anyone trading more than pocket change. MtGox's success made Bitcoin's possible, deal with it. Read this and learn: http://fc13.ifca.ai/proc/1-2.pdfThe reason the FREE MARKET is still predominantly using MtGox is that MtGox is the least shit of them all. So? Least shit but it's still shit. As I said before, I'd rather see it go 100% under and a chance for either a better one to arise or have the system more distributed. |
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sve9mark
Newbie
Offline
Activity: 39
Merit: 0
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May 14, 2013, 08:53:15 PM |
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some bears are going to get burned ...severley
The odd thing is, if you think MtGox is about to get owned by the US Govt, you need to BUY bitcoins and move them off the exchange. This was my thought too. This also leads to the theory that it's really just a couple guys trying to manipulate and buy back more coinage then they started with. well lets wait how this ones playing out... I am holding this one for now MtGox is a cancer on the Bitcoin ecosystem, it would be great long term news if people left there in droves. Like I said, buy bitcoins, move them off the site if you're actually scared. The last thing I'd go is have them wire me money, DHS could have told every bank in the US to freeze any incoming wires from them. This all still seems a little iffy. I'm surprised Dwolla would mention lawsuits no one can find record of, and MtGox would have no idea (they still list Dwolla as a withdrawal method). Seems like poor taste by Dwolla (who's CEO has blogged his support of Bitcoin) to say it's now "illegal to deal with MtGox". A lawsuit doesn't make it illegal, the DHS orders if they exist also sound questionable. If it's not a hoax it's a poorly worded notification from Dwolla. Regardless if MtGox worries you, move *coins* off the exchange, not fiat. This is a dramatic development to say the least. My first thought is that it is due to the Coinbase lawsuit against GOX. Is this a move by the DOJ due to the court case, or is this a move by Homeland Security in relation to a money laundering investigation? Wow. I hope its due to the lawsuit. I am very glad I trade with CampBX. This could actually be great news if it is due to the lawsuit, as MT Gox having a monopoly over the bitcoin market is detrimental to bitcoins core philosophy of decentralization. If you haven't yet, US residents should consider opening a CampBX account and transfer out of MT Gox. If you wish you can use my referral link to get a 10% lifetime discount of trading fees (disclosure: I get a 10% discount as well): https://CampBX.com/register.php?r=X8IT0iRWMOA |
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