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TERA
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February 10, 2014, 01:00:41 PM |
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I am again thinking of leaving the markets alltogether. I have never felt so much fear. Even though I was 80% fiat I was sure the exchanges we're just going to run with the fiat. I do not want to be around when a serious protocol failure actually happens and everything comes tumbling down for real.
Is something wrong with me? Why do I feel no fear now, whereas I felt quite a lot of it during the ride from 200 to 1000, while holding for dear life? Maybe because the issue has been resolved now as fixable and not as serious as mtgox presented it to be. But you never know when one of these will be it. When prices hit $100 on btce and bitfinex it was kind of convincing. |
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ChartBuddy
Legendary
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Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 10, 2014, 01:02:00 PM |
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stompix
Legendary
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Activity: 2940
Merit: 6420
Blackjack.fun
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February 10, 2014, 01:06:58 PM |
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I am again thinking of leaving the markets alltogether. I have never felt so much fear. Even though I was 80% fiat I was sure the exchanges we're just going to run with the fiat. I do not want to be around when a serious protocol failure actually happens and everything comes tumbling down for real.
Serious question, how long are you in this game/forum? Sometimes , knowledge does not come with aging , but other things certainly do. |
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iarsenaux
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February 10, 2014, 01:07:41 PM |
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.....and still the biggest winner of them all, the exchanges..  |
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mah87
Donator
Hero Member
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Activity: 756
Merit: 500
-Bitcoin & Ripple-
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February 10, 2014, 01:08:03 PM |
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This is crashing bitcoin is a bubble;,
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MicroFi
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February 10, 2014, 01:13:33 PM |
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I'm just hoping I'll have a chance to get my BTC out of MTGox somewhere in the next couple of days / weeks ... I already said the same thing last time we got Gox'ed, but I was just too lazy / stubborn, I suppose. Serves me well  |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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February 10, 2014, 01:17:02 PM
Last edit: February 10, 2014, 01:28:11 PM by seleme |
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WTF, it went down to 100$ on Bitfinex. Wow, some margin longs went wrong.
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bzzard
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February 10, 2014, 01:18:01 PM |
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Amechan
Member
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Activity: 105
Merit: 10
Spreading Bitcoin love
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February 10, 2014, 01:20:10 PM |
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You were promised $500 coins and they have been delivered. Now Choo chooo!
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bangersdad
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February 10, 2014, 01:21:12 PM |
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I love you honeybadger.
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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February 10, 2014, 01:21:47 PM |
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WTF, it went down to 10$ on Bitfinex. Wow, some margin longs went wrong.
Bitfinex btc reserves dried up on stamp and many margin calls got sliced through on bitfinex slimmer orderbooks creating a cascading effect of other margin calls. Would have gone to $0.0001 if trading wasn't halted The margin calls on bitfinex were rolled back, rightly so. |
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JorgeStolfi
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February 10, 2014, 01:22:10 PM
Last edit: February 14, 2014, 12:45:55 AM by JorgeStolfi |
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Huobi was stabilizing just above 4000 CNY, but suddenly started dropping and shaking again, down to 3950 in a few minutes
It was 22:17 21:17 there when it started. Perhaps the TV news?
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wobber
Legendary
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Activity: 1064
Merit: 1001
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February 10, 2014, 01:22:40 PM |
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You were promised $500 coins and they have been delivered. Now Choo chooo!
No choo-choo this year. |
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Joenaes
Newbie
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Activity: 20
Merit: 0
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February 10, 2014, 01:23:17 PM |
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Damn what a day, increased my btc stash with over 15%. Dont have to work for a year now  . To the moon! |
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Rannasha
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February 10, 2014, 01:23:52 PM |
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WTF, it went down to 10$ on Bitfinex. Wow, some margin longs went wrong.
Bitfinex lost their link with Bitstamp due to insufficient funds in the BFX account on Stamp. So all liquidations were executed on the much shallower Bitfinex orderbook which caused other long positions to be liquidated as things started to snowball. |
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thehun
Legendary
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Activity: 1212
Merit: 1037
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February 10, 2014, 01:26:27 PM |
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Gox is willing to damage the reputation of the *entire* Bitcoin ecosystem, so *they* don't have to take the blame for implementing their wallet software properly.
+1 I am considering removing Gox from Coinorama... I would definitely vouch for that |
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magicmexican
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February 10, 2014, 01:27:53 PM |
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In the meantime this move bought Gox some time, i have a feeling people now are more concerned about the btc price/protocol/etc and kinda forgot that there is no new ETA on getting btc out of Gox
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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February 10, 2014, 01:28:46 PM |
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WTF, it went down to 10$ on Bitfinex. Wow, some margin longs went wrong.
Bitfinex lost their link with Bitstamp due to insufficient funds in the BFX account on Stamp. So all liquidations were executed on the much shallower Bitfinex orderbook which caused other long positions to be liquidated as things started to snowball. It's not only Bitfinex. someone dumped to 102$ on BTC-e too. WTF. |
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