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KeyserSoze
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February 14, 2014, 01:24:08 AM |
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Pretty sure gox will be dead within a month or two
If I only had a bitcoin for every time I've heard this... Normally I agree with you. This time is different. Mark is blaming his failures at operating a business on the reason he has a business in the first place. It's just bad marketing. You have no argument from me that Gox doesn't provide good PR or that Mark may not be best suited as the public face of Gox however he bought an unwanted exchange (from a person who went on to build another one which failed) and turned it into an honest money gushing enterprise. It very simply was the economic backbone of the Bitcoin universe for a number of years. Gox helped make the Bitcoin economy what it is today. Mark had challenges that caused him to close his doors for days/weeks but he always re-opened. He was (and may still be) a beacon of trustworthiness in a community nearly bereft of it. He's guilty of the sin of being nerdy in a world that loves to point and laugh. He may have been quick to rush to judgment against some in order to protect his business. And now he's earned the ire of the ADHD children of the Bitcoin community by blaming his bad judgement on the protocol's weakness. Yet how many exchanges have now "adjusted their software" since Mark spoke out? I haven't quite counted him out yet. If he manages to guide Gox back from the brink he will have *the* exchange to trust. If he absconds with the treasure it would surprise me, and I'm pretty jaded. |
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"You Asked For Change, We Gave You Coins" -- casascius
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Richy_T
Legendary
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Activity: 2408
Merit: 2111
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 14, 2014, 01:24:28 AM |
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It's only a matter of time before we see an entire page of "This user is currently ignored."
"This thread is currently ignored" |
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JorgeStolfi
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February 14, 2014, 01:24:39 AM |
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By the way, wouldn't it be better if Gox would suspend all trading until further notice when he made the initial announcement?
A site that suspends withdrawals of BTC and/or currency but continues to accept deposits of any type may not be a scam site, but is putting up a good impersonation of one. What if a client deposits without noticing the restriction, then needs to withdraw for some reason? An ethical exchange (or any bank-like service) should suspend deposits whenever it suspends withdrawals. |
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windjc
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Activity: 2156
Merit: 1070
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February 14, 2014, 01:26:16 AM |
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This forum is almost as batshit crazy right now as when we were at $1200. The agendas are out in full force.
Is the bottom in? No. But its getting closer.
Reading some more fiat for a purchase soon. Probably within the next week.
Meanwhile, bears, enjoy the ride. You are making cheaper coins available for all. And I thank you for that.
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Kiwicon
Newbie
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Activity: 32
Merit: 0
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February 14, 2014, 01:28:09 AM |
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Controlled Demolition ?
If a few whales each had around 1000+BTC on GOX and 1000 on other exchanges...
If they were convinced that their 1k on gox was lost Then wouldnt it be prudent to get together, Dump massively on both platforms until they had nothing left on Gox but fiat,,
FUD would do the rest in dropping the market way down. They could then use the fiat on a safe exchange to buy up their lost gox coins cheap whilst still having fiat in gox which could possibly be recovered?
ie. They crash the market in order to buy up the same amount of coin in another exchange and still have fiat in gox.
If so, sub $400 is possible imho.
(BTC grew so quickly in value recently that it essentially became premined. )
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bassclef
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February 14, 2014, 01:28:13 AM |
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This forum is almost as batshit crazy right now as when we were at $1200. The agendas are out in full force.
Is the bottom in? No. But its getting closer.
Reading some more fiat for a purchase soon. Probably within the next week.
Meanwhile, bears, enjoy the ride. You are making cheaper coins available for all. And I thank you for that.
I get paid on the 15th (as do many in the US who are paid bimonthly, 15/31 are big paydays) and you'd better believe I'm buying. Bills be damned! |
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JorgeStolfi
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February 14, 2014, 01:28:54 AM |
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Bitcoinwisdom down?...
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dgarcia
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February 14, 2014, 01:29:30 AM |
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This forum is almost as batshit crazy right now as when we were at $1200. The agendas are out in full force.
Is the bottom in? No. But its getting closer.
Reading some more fiat for a purchase soon. Probably within the next week.
Meanwhile, bears, enjoy the ride. You are making cheaper coins available for all. And I thank you for that.
qft That's it! |
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KeyserSoze
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February 14, 2014, 01:30:49 AM |
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LOL...imagine I'm old enough to be your father.
Interesting that you thought I was young based on the fact I care for the environment, its sad that younger people are so cynical about caring for the Earth. I don't know if you saw my post with regard to the oil 'fact' I quoted but I'm sorry, being up to date on the US oil export figures isn't my biggest priority.
Just joshing with you. I don't care how old you are. I'm over the hill myself. I didn't really think you were 19, I was trying to clarify my point that it had been a long time since the US was a net exporter. I don't even think 19 year olds are in high school unless they'd been held back. |
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rezilient
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February 14, 2014, 01:30:58 AM |
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Bitcoinwisdom down?...
yup |
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Holliday
Legendary
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Activity: 1120
Merit: 1009
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February 14, 2014, 01:32:05 AM |
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Bitcoinwisdom down?...
A bear market isn't a bear market until charting websites fall victim |
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JorgeStolfi
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February 14, 2014, 01:33:37 AM |
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A question... are paper checks still used in the US? When I lived there in the 1980s we did not use credit cards, we paid most store purchases and bills with checks from a small local bank. For utility bills we just placed a check in the return envelope that came with the bill, and hung it on the front door for the mailman to pick up. Will bitcoin payments ever be so convenient?  |
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Patel
Legendary
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Activity: 1321
Merit: 1007
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February 14, 2014, 01:34:11 AM |
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well at least capitalization is over. or almost.
the sun always rises again.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 14, 2014, 01:34:32 AM |
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Holliday
Legendary
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Activity: 1120
Merit: 1009
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February 14, 2014, 01:35:07 AM |
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A question... are paper checks still used in the US? When I lived there in the 1980s we did not use credit cards, we paid most store purchases and bills with checks from a small local bank. For utility bills we just placed a check in the return envelope that came with the bill, and hung it on the front door for the mailman to pick up. Will bitcoin payments ever be so convenient? Yes. I just used a paper check the other day. Some places, mostly government services, only accept checks. It's wonderful! |
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Holliday
Legendary
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Activity: 1120
Merit: 1009
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February 14, 2014, 01:35:24 AM |
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well at least capitalization is over. or almost.
the sun always rises again.
Oh... lol. |
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creekbore
Full Member
Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 14, 2014, 01:35:31 AM |
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By the way, wouldn't it be better if Gox would suspend all trading until further notice when he made the initial announcement?
A site that suspends withdrawals of BTC and/or currency but continues to accept deposits of any type may not be a scam site, but is putting up a good impersonation of one. What if a client deposits without noticing the restriction, then needs to withdraw for some reason? An ethical exchange (or any bank-like service) should suspend deposits whenever it suspends withdrawals. A really good point, Jorge - someone posted a few days back that its a great business model at present - no escape just endless trading fees until last man standing. |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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February 14, 2014, 01:35:43 AM |
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Gotta say, the Silk Road 2 news is pretty amusing.
Quite predicable too. If you entrust your BTC to an anonymous criminal then it might just go astray Whereas of course a criminal with your fiat is a ok. |
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Denton
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February 14, 2014, 01:35:52 AM |
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Bitcoinwisdom down?...
yup Works for me. |
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Peter R
Legendary
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Activity: 1162
Merit: 1007
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February 14, 2014, 01:35:58 AM |
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This forum is almost as batshit crazy right now as when we were at $1200. The agendas are out in full force.
Is the bottom in? No. But its getting closer.
Reading some more fiat for a purchase soon. Probably within the next week.
Meanwhile, bears, enjoy the ride. You are making cheaper coins available for all. And I thank you for that.
I agree we aren't at bottom yet. There is a sense of concern in the air, but there's been no panic since the Mt Gox press release on Monday. I think we grind lower, perhaps with a few bull traps, and then a final panic drop to the true bottom. I bet we definitely break into the $5xx's on Stamp, probably dip to the $4xx's, but I really doubt we see $3xx's. Of course, I don't know what I'm talking about, so please don't consider this trading advice! EDIT: Hey, we broke into the $5xx's while I was writing. |
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