fonzie
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February 10, 2014, 06:53:40 PM |
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50k BTC would be enough to dump the Bitstamp orderbook to about 0$. At least for a few minutes.
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Holliday
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February 10, 2014, 06:54:06 PM |
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Anyone here who has coins locked at mtgox?
Who would admit to having coins (or fiat) on Gox after watching them fail over and over again for three years?
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Rampion
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February 10, 2014, 06:55:43 PM |
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There was not nearly enough bid depth to sustain those prices. Two exchanges (finex, BTC-E) got wiped out with a single order. Many trustworthy. Let´s say some sociopath basement guy with 300k+BTC can do this again a few more times, just for the lulz if he wants. Keep on hodling Hodlers Not in your wildest fantasy. There is exactly one person in that situation, he is not selling, and never has. weeeelll... apart from Satoshi I believe that MP is also in that 300k+ situation Not even close. Knightmb might have something close to that.
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JorgeStolfi
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February 10, 2014, 07:05:19 PM |
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does anyone have the data considering todays volume gox vs btc-e vs stamp?
You can get that from bitcoinwisdom,com : Select the 1-day chart of the exchange you want Place the vertical line of the crosshair cursor over the candle for today The volume (in BTC) is displayed at the top of the chart after the "V:". Beware that bitcoinwisdom displays dates and times in your local time zone, even though the sampling intervals are in UTC (~Greenwhich time). Thus if you live 2 hours west of Greenwhich, bitcoinwisdom whould display the candle's date as "2014-02-09 22:00" (your local time) when in fact the volume and price numbers refer to the day 2014-02-10 UTC, from 00:00:00 UTC to 23:59:59 UTC (i.e. from the date above to 2014-02-10 21:59:59 in your local time).
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Holliday
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February 10, 2014, 07:14:32 PM |
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The author is personally affected by MtGox’ behavior, having a six-figure dollar amount in such non-executed withdrawals. He considered Gox to be a safer repository for bitcoin than his own probably-hackable computer. That judgment may not have been accurate. No shit (responding to the section I made bold). Bitcoin is all about taking control of your money. Why are people so interested in giving up that control again? Learn to secure your private keys. It's not that hard, nor is it expensive. For the love of all things holy don't trust amateur exchanges that have a long history of fucking shit up!
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BitChick
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February 10, 2014, 07:17:32 PM |
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I withdrew my last 0.2 BTC from Gox a week ago. BitchicksHusband said, "I told you to withdraw the rest a month ago!" Even though it was just a drop in the bucket I am so glad I finally got around to it! I really don't like hearing "I told you so" especially from my husband. That would have been worse than losing 0.2 BTC! I just think that people had a hard time believing an exchange as prominent in the Bitcoin community as Gox has been could really fail. Also people do not like change. Once they sign up with an exchange they stay loyal to it, even if better ones are out there.
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UnDerDoG81
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February 10, 2014, 07:17:57 PM |
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Looks like 650 is the new 720... Next step 600 the new 650??
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rocks
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February 10, 2014, 07:22:30 PM |
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I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane. Exactly. Insane, definitely yes. But it does not matter to us hodlers. In the central bank fiat world such a blow up causes them to print more fiat which negatively hurts me the prudent saver by lowering the value of my fiat. In the bitcoin world such a blow up only causes BTC-E and their customers to lose money, while prudent savers are left untouched with the exact same BTC as they started with.
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stompix
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February 10, 2014, 07:26:19 PM |
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well all my bids are filled, time to place more such panic much capitulation very profitable The D madness is starting to affect you really bad .
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adamstgBit
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Trusted Bitcoiner
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February 10, 2014, 07:27:24 PM |
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well all my bids are filled, time to place more such panic much capitulation very profitable The D madness is starting to affect you really bad . D madness?
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stompix
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Leading Crypto Sports Betting & Casino Platform
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February 10, 2014, 07:29:21 PM |
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The author is personally affected by MtGox’ behavior, having a six-figure dollar amount in such non-executed withdrawals. He considered Gox to be a safer repository for bitcoin than his own probably-hackable computer. That judgment may not have been accurate. No shit (responding to the section I made bold). Bitcoin is all about taking control of your money. Why are people so interested in giving up that control again? Learn to secure your private keys. It's not that hard, nor is it expensive. For the love of all things holy don't trust amateur exchanges that have a long history of fucking shit up! Why are you so surprised. Haven't you learned form the inputs.io scam that people are willingly letting go of their bitcoins , and they do this quite easy , thinking that everything is safe and is run by blue honey bears?
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stompix
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Leading Crypto Sports Betting & Casino Platform
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February 10, 2014, 07:30:56 PM |
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well all my bids are filled, time to place more such panic much capitulation very profitable The D madness is starting to affect you really bad . D madness? D o g e . I wasn't to anxious to type the whole word as one of the last time this was mentioned we've ended with a 2 pages altcoins clashing.
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humanitee
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February 10, 2014, 07:31:04 PM |
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The author is personally affected by MtGox’ behavior, having a six-figure dollar amount in such non-executed withdrawals. He considered Gox to be a safer repository for bitcoin than his own probably-hackable computer. That judgment may not have been accurate. No shit (responding to the section I made bold). Bitcoin is all about taking control of your money. Why are people so interested in giving up that control again? Learn to secure your private keys. It's not that hard, nor is it expensive. For the love of all things holy don't trust amateur exchanges that have a long history of fucking shit up! LOL What an idiot. I can't believe he would keep that kind of capital on Gox, especially after all their fuck ups. I am actually stunned that Falkvinge did that.
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magicmexican
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February 10, 2014, 07:32:12 PM |
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Looks like 650 is the new 720... Next step 600 the new 650??
Not really, most common result that i see is market saying "enough is enough" and doing a small rally to the new level, then sideways
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Holliday
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February 10, 2014, 07:32:24 PM |
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The author is personally affected by MtGox’ behavior, having a six-figure dollar amount in such non-executed withdrawals. He considered Gox to be a safer repository for bitcoin than his own probably-hackable computer. That judgment may not have been accurate. No shit (responding to the section I made bold). Bitcoin is all about taking control of your money. Why are people so interested in giving up that control again? Learn to secure your private keys. It's not that hard, nor is it expensive. For the love of all things holy don't trust amateur exchanges that have a long history of fucking shit up! Why are you so surprised. Haven't you learned form the inputs.io scam that people are willingly letting go of their bitcoins , and they do this quite easy , thinking that everything is safe and is run by blue honey bears? Who said I was surprised? I expect people to refuse to learn from the mistakes of others. I'm just trying to point out these mistakes for those who still might have a chance to learn. All of this has happened in the past and all of this will happen again in the future. There is nothing new here.
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adamstgBit
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February 10, 2014, 07:34:43 PM |
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well all my bids are filled, time to place more such panic much capitulation very profitable The D madness is starting to affect you really bad . D madness? D o g e . I wasn't to anxious to type the whole word as one of the last time this was mentioned we've ended with a 2 pages altcoins clashing. its a fun way to express oneself such ease much speed very cool
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adamstgBit
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February 10, 2014, 07:34:56 PM |
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anybody else is unable to withdraw BTC from btc-e?
oh no not again.
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stompix
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February 10, 2014, 07:35:26 PM |
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anybody else is unable to withdraw BTC from btc-e?
Here we go again. =))) I'm pretty sure it's temporary.
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Drabla
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Pecunia non olet
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February 10, 2014, 07:35:48 PM |
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http://cryto.net/~joepie91/blog/2014/02/10/why-mtgox-is-full-of-shit/So why does Mt. Gox experience this issue? They run a custom Bitcoin daemon, with a custom implementation of the Bitcoin protocol. Their implementation, against all advice, does rely on the transaction ID, which makes this attack possible. They have actually been warned about it months ago by gmaxwell, and have apparently decided to ignore this warning.
In other words, this is not a vulnerability in the Bitcoin protocol, but an implementation error in Mt. Gox' custom Bitcoin software. My thoughts exactly.
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