Its About Sharing
Legendary
 Offline
Activity: 1442
Merit: 1000
Antifragile
|
 |
August 06, 2013, 09:23:42 PM |
|
The DDOS, together with removal of some bid walls to plunge the bid sum, and the multi-selling was a clear attempt at creating panic, but it failed miserably. Guess its Up for the short term.
Yeah, some people with lots of money on Gox, put up the walls, then hit the servers with DDOS, then pull the walls, and hoped for a sell off. The question is, why put the walls back up? Was it a test? |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
sa_94
Newbie
Offline
Activity: 27
Merit: 1
|
|
August 06, 2013, 09:38:08 PM |
|
The DDOS, together with removal of some bid walls to plunge the bid sum, and the multi-selling was a clear attempt at creating panic, but it failed miserably. Guess its Up for the short term.
Yeah, some people with lots of money on Gox, put up the walls, then hit the servers with DDOS, then pull the walls, and hoped for a sell off. The question is, why put the walls back up? Was it a test? Could have been I suppose, if they actually wanted the price to go down I think it would have worked better without the DDOS. I think by now most people see the huge lag and no actual trades happening and therefor nothing happens. |
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
August 06, 2013, 10:31:51 PM |
|
4 minutes, well here we go Six minute.
Eh, this has happened before, and it never ended up causing any panic. Now, if a whale sold right now, and Gox didnt fix the lag.. well... I think it caused a bit of panic on the 10th of April. Long time ago with a lot more lag [in the hours] |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
August 06, 2013, 11:01:12 PM |
|
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 07, 2013, 12:01:11 AM |
|
|
|
|
|
|
|
humanitee
|
|
August 07, 2013, 12:02:02 AM |
|
I get all excited for a new post in this thread and it's just ChartBuddy.
FML
|
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
August 07, 2013, 12:37:25 AM |
|
I got all excited about a page 1403 and it was just someone complaining about a lack of posting activity.
FML
|
|
|
|
|
|
humanitee
|
|
August 07, 2013, 12:46:26 AM |
|
I got all excited about a page 1403 and it was just someone complaining about a lack of posting activity.
FML
Let's be drinking buddies, FOL. |
|
|
|
|
BitPirate
Full Member
Offline
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
|
|
August 07, 2013, 12:50:42 AM |
|
The DDOS, together with removal of some bid walls to plunge the bid sum, and the multi-selling was a clear attempt at creating panic, but it failed miserably. Guess its Up for the short term.
I can't believe people are still pulling this stunt. |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 07, 2013, 01:01:16 AM |
|
|
|
|
|
|
byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
|
|
August 07, 2013, 01:08:38 AM |
|
|
|
|
|
|
sa_94
Newbie
Offline
Activity: 27
Merit: 1
|
|
August 07, 2013, 01:12:23 AM |
|
It also looks like the three day EMA lines on Clark Moody will cross back over soon, the last time that happened was shortly after the 08/2012 drop when the price of a bitcoin went from $11 to $266.
|
|
|
|
|
|
Walsoraj
|
|
August 07, 2013, 01:51:47 AM |
|
Bitcoin officially a security under US law: http://www.reuters.com/article/2013/08/06/us-court-sec-bitcoin-idUSBRE97517G20130806(Reuters) - U.S. regulators got the green light from a federal judge to proceed with their lawsuit against a Texas man accused of running a Ponzi scheme using Bitcoin, the virtual online money system.
Trendon Shavers of Bitcoin Savings & Trust had challenged the Securities and Exchange Commission's case against him, saying the regulator had no jurisdiction to sue him because the Bitcoin investments he offered are not securities or subject to any U.S. regulation.
But U.S. Magistrate Judge Amos L. Mazzant in the Eastern District of Texas ruled on Tuesday that his Bitcoin investments "meet the definition of investment contract, and as such, are securities."
Bitcoin exists through an open-source software program. It is not managed by any one company, it is not regulated by any central bank, and its supply is controlled through a computer algorithm. Users can buy bitcoins through exchanges that convert real money into the virtual currency.
The SEC warned investors against the dangers of potential scams involving virtual currencies like Bitcoin in an alert on July 23, the same day it filed the charges against Shavers.
Tuesday's ruling could have important implications for the still murky legal world surrounding digital currencies, which is not regulated by the United States.
Bitcoin has come under greater scrutiny after U.S. authorities in May seized two accounts linked to a major operator in the Bitcoin digital market.
The judge's decision could be important for Cameron and Tyler Winklevoss, the twins who became famous after alleging that Facebook Inc founder Mark Zuckerberg stole their website idea.
In early July, they applied to the SEC for approval to launch a Bitcoin-tracking exchange-traded product known as the Winklevoss Bitcoin Trust.
The SEC alleges that Shavers essentially used money from new investors in his Bitcoin endeavor to cover withdrawals by older investors and his own personal expenses.
The agency said he raised at least 700,000 bitcoins, or $4.5 million, from investors in multiple states.
Shavers had asserted that his Bitcoin investments are not securities because Bitcoin is not money, but the SEC countered that they constituted both investment contracts and notes.
"It is clear that Bitcoin can be used as money," the judge wrote. "It can be used to purchase goods or services."
Shavers could not be immediately reached for comment. Will this have an impact on market movement? |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 07, 2013, 02:01:05 AM |
|
|
|
|
|
|
|
gog1
|
|
August 07, 2013, 02:04:47 AM |
|
Bitcoin officially a security under US law: http://www.reuters.com/article/2013/08/06/us-court-sec-bitcoin-idUSBRE97517G20130806(Reuters) - U.S. regulators got the green light from a federal judge to proceed with their lawsuit against a Texas man accused of running a Ponzi scheme using Bitcoin, the virtual online money system.
Trendon Shavers of Bitcoin Savings & Trust had challenged the Securities and Exchange Commission's case against him, saying the regulator had no jurisdiction to sue him because the Bitcoin investments he offered are not securities or subject to any U.S. regulation.
But U.S. Magistrate Judge Amos L. Mazzant in the Eastern District of Texas ruled on Tuesday that his Bitcoin investments "meet the definition of investment contract, and as such, are securities."
Bitcoin exists through an open-source software program. It is not managed by any one company, it is not regulated by any central bank, and its supply is controlled through a computer algorithm. Users can buy bitcoins through exchanges that convert real money into the virtual currency.
The SEC warned investors against the dangers of potential scams involving virtual currencies like Bitcoin in an alert on July 23, the same day it filed the charges against Shavers.
Tuesday's ruling could have important implications for the still murky legal world surrounding digital currencies, which is not regulated by the United States.
Bitcoin has come under greater scrutiny after U.S. authorities in May seized two accounts linked to a major operator in the Bitcoin digital market.
The judge's decision could be important for Cameron and Tyler Winklevoss, the twins who became famous after alleging that Facebook Inc founder Mark Zuckerberg stole their website idea.
In early July, they applied to the SEC for approval to launch a Bitcoin-tracking exchange-traded product known as the Winklevoss Bitcoin Trust.
The SEC alleges that Shavers essentially used money from new investors in his Bitcoin endeavor to cover withdrawals by older investors and his own personal expenses.
The agency said he raised at least 700,000 bitcoins, or $4.5 million, from investors in multiple states.
Shavers had asserted that his Bitcoin investments are not securities because Bitcoin is not money, but the SEC countered that they constituted both investment contracts and notes.
"It is clear that Bitcoin can be used as money," the judge wrote. "It can be used to purchase goods or services."
Shavers could not be immediately reached for comment. Will this have an impact on market movement? Does that mean bitcoin itself is a security or just whatever pirate sold is a security? |
|
|
|
|
|
Walsoraj
|
|
August 07, 2013, 02:40:31 AM |
|
Tuesday evening and clark moody is telling me 11k total volume... I believe that is for past 24 hours. Not possible. My eyes are lying. Can anyone confirm?
|
|
|
|
|
byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
|
|
August 07, 2013, 02:42:46 AM |
|
In other news, litecoin on a slide.
|
|
|
|
|
|
gog1
|
|
August 07, 2013, 02:44:18 AM |
|
In other news, litecoin on a slide.
all the altcoins are going down. |
|
|
|
|
solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
|
|
August 07, 2013, 02:48:33 AM |
|
I'm getting more and more interested about this: https://blockchain.info/charts/n-transactions-excluding-popularIt excludes MtGox, SD and other similar sites. So where is the traffic coming from? Real-world usage like in Argentina and M-Pesa? |
|
|
|
|
|
Pale Phoenix
|
|
August 07, 2013, 02:58:50 AM |
|
Tuesday evening and clark moody is telling me 11k total volume... I believe that is for past 24 hours. Not possible. My eyes are lying. Can anyone confirm?
Indeed, Gox has seen incredibly low volume lately. Does anyone know of a site / service that tracks overall exchange volume, including services like Coinbase? I'm not sure they even release numbers, come to think of it. |
|
|
|
|
|
Poll
