fourkey2001
Newbie
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Activity: 42
Merit: 0
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May 14, 2013, 10:09:36 PM |
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Before homeland gets me... i am selling mine ... and also after this news, there will be panic selling, so its best to cash in the profit NOW!! |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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May 14, 2013, 10:11:26 PM |
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Before homeland gets me... i am selling mine ... and also after this news, there will be panic selling, so its best to cash in the profit NOW!! I can understand that we could use some fear to get cheaper coins... But man, your scare tactics are laughable  |
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EuroTrash
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May 14, 2013, 10:13:21 PM |
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I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
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tHash
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May 14, 2013, 10:14:06 PM |
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Huge drop in the bid sum
This corresponds nicely with the 27,000 coins that were market sold. It will take some time for the bid sum to build again, unless people who sold decide that the storm is over. Personally, I have decided that until we know why the DHS is involved, it is safer to be fiat. The risk being buying back in higher and losing a couple percent (which I hope happens). On the other hand, it is a curious situation, and if DHS has decided that bitcoins have been used to fund terrorism, we could see a steep decline in the value of bitcoin as they work their "magic". So, maybe lose a few percent, or maybe lose 50%+ . . . I am probably the only person who is mostly fiat who wants to see the price go up  |
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fitty
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May 14, 2013, 10:15:34 PM |
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Wools. Looks like OKC just posted the dwolla SS. |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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May 14, 2013, 10:15:57 PM |
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I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
Well, I'm sure we have a little bit of both. |
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TheJuice
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May 14, 2013, 10:16:13 PM |
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I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
Good insight. Probably bottom feeders. Or we would have seen a huge upswing. |
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phoenix1
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May 14, 2013, 10:16:22 PM |
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I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
^^ this As usual time will tell ... |
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fourkey2001
Newbie
Offline
Activity: 42
Merit: 0
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May 14, 2013, 10:20:05 PM |
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I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
^^ this As usual time will tell ... sell sell sell lets get this bitcoin down! |
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gmannn
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May 14, 2013, 10:20:26 PM |
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Hmmmmm. OkCupid, well that's bad. Looks like they served every US business that accepts BTC (through MtGox - which is most of them - Coinbase in the case of OKC) OKC posted the email from dwolla. |
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Brushan
Member
Offline
Activity: 224
Merit: 10
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May 14, 2013, 10:20:36 PM |
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Huge drop in the bid sum
This corresponds nicely with the 27,000 coins that were market sold. It will take some time for the bid sum to build again, unless people who sold decide that the storm is over. Personally, I have decided that until we know why the DHS is involved, it is safer to be fiat. The risk being buying back in higher and losing a couple percent (which I hope happens). On the other hand, it is a curious situation, and if DHS has decided that bitcoins have been used to fund terrorism, we could see a steep decline in the value of bitcoin as they work their "magic". So, maybe lose a few percent, or maybe lose 50%+ . . . I am probably the only person who is mostly fiat who wants to see the price go up Come on guys, they invaded Libya and killed Ghadaffi for trying to f*** with their dollar. You thought they would let Bitcoin thrive? This is why Bitcoin is king. They can't do anything when something is decentralized other than scaring a few people away from using it. |
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EuroTrash
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May 14, 2013, 10:21:01 PM |
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Hmmmmm. OkCupid, well that's bad. Looks like they served every US business that accepts BTC (through MtGox - which is most of them - Coinbase in the case of OKC)
From the information we have the only affected businesses are the ones that use Dwolla+MtGox. I think it would be much more important to know is how businesses using BitPay are affected. |
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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May 14, 2013, 10:23:24 PM |
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Hmmmmm. OkCupid, well that's bad. Looks like they served every US business that accepts BTC (through MtGox - which is most of them - Coinbase in the case of OKC) Where does it say anything about other businesses outside of Dwolla? |
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Coinseeker
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May 14, 2013, 10:24:22 PM |
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This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.
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bixcoin
Full Member
Offline
Activity: 168
Merit: 100
Bixcoin Superdouche
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May 14, 2013, 10:25:24 PM |
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I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
In what way would Gox fiat be affected? If the bad news is big bad news, probably the safest thing to do is keeping fiat on Gox. |
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phoenix1
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May 14, 2013, 10:26:22 PM |
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Is there some up to date TA on this ? Get your crayons out boys |
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Odalv
Legendary
Offline
Activity: 1414
Merit: 1000
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May 14, 2013, 10:27:33 PM |
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This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.
Just moving coinz from Mt Gox to cold wallet. (but will hold fiat there) |
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fourkey2001
Newbie
Offline
Activity: 42
Merit: 0
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May 14, 2013, 10:28:00 PM |
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This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.
Thanks for sharing this. I am selling 100 BTC i have now! |
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phoenix1
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May 14, 2013, 10:31:06 PM |
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I keep on wondering whether all these buys are due to bottom-catchers fishing cheap coins or due to people scared by DHS news converting their fiat to coins and moving them out of Gox in a hurry...
Thinking about this a bit more, I can see early adopters doing this ... people who are already comfortable moving coins around I think new money is less likely to do so and it will probably take longer for the news to filter through to them in any case Just my thoughts ... |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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May 14, 2013, 10:33:20 PM |
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This is a STATEMENT from the US Government to Bitcoin. My advice being a US citizen and knowing the reach of the USG...Sell NOW or forever hold your piece. This is going to get worse as the news reaches mainstream media. By then, it will be too late. I'm taking my profit and I'll watch from the sidelines. I'll buy back when the dust settles. Good luck to all.
Agreed, many still don't realize the implications of this seizure, it is a start of a slandering campaign to stop 'financing' of bitcoin. The fight started sooner than expected. |
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