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cbutters
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February 25, 2014, 05:22:03 AM |
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Welcome to Hell....
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Vigil
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February 25, 2014, 05:22:21 AM |
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Can we really count Shrem as dishonest? Most Bitcoin supporters would consider what he did legit. Its only government that thinks it isn't.
Whether he gets convicted or not, and whether bitcoiners think that the law is immoral or not, it not relevant. For most people in the world, money laundering for the drug traffic is not legit. If those people are told that "most bitcoin supporters consider money laundering and drug trafficking legit", they will conclude that bitcoin is not legit. Any institution that wants to be the voice of the bitcoin community to the world must be respectable in the eyes of the world. That is where a major divide in the Bitcoin community is. I don't care if government thinks bitcoin is legit. The only thing I care about is having money that I can hold and transport my wealth stealthily. I want "drug trafficking", I want things so out of control that government destroys itself trying to contain it. There are many other like me. |
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FNG
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February 25, 2014, 05:22:26 AM |
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Any good theories on why China doesn't care about this?
Huobi price is still at $535.
it's early afternoon and they're not drunk  Gox vanishing is like removing an anchor. Bitcoin will be better of without them |
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F-bernanke
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February 25, 2014, 05:22:41 AM |
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Just woke up.. WOW, i'm not going to do anything.
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TERA
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February 25, 2014, 05:23:35 AM |
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oh man my buy orders are starting to get filled. 460 and 450 filled (finex just missed 440). I hope this isnt a mistake.
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sir faps
Member
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Activity: 91
Merit: 10
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February 25, 2014, 05:24:26 AM |
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I am SO GLAD I did not hold all my damn coins. Now I could have double for the same price
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
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February 25, 2014, 05:25:00 AM |
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Welcome to Hell....
... actually it is not as bad as you imagine. How many IRS claims are now going to have "Goxxed" in the bitcoin losses column? I might just have lost all mine there ... who knows? Mt. Gox just sucked 12.5 million bitcoins into a massive blackhole of fail |
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yrtrnc
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February 25, 2014, 05:25:23 AM |
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oh man my buy orders are starting to get filled. 460 and 450 filled (finex just missed 440). I hope this isnt a mistake.
U will not go lower? |
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Walsoraj
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February 25, 2014, 05:25:29 AM |
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oh man my buy orders are starting to get filled. 460 and 450 filled (finex just missed 440). I hope this isnt a mistake.
It is. We are going to settle in the $100-150 range. You can trust me.  |
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TERA
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February 25, 2014, 05:25:59 AM |
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oh man my buy orders are starting to get filled. 460 and 450 filled (finex just missed 440). I hope this isnt a mistake.
U will not go lower? I have them going all the way to 280.. |
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wantmyrefund
Newbie
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Activity: 14
Merit: 0
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February 25, 2014, 05:26:03 AM |
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So who's buying that falling knife?
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deadfi$h
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February 25, 2014, 05:27:09 AM |
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oh man my buy orders are starting to get filled. 460 and 450 filled (finex just missed 440). I hope this isnt a mistake.
I'm with you Tera, buying all the way down. Although, I'm sure your orders are much bigger than mine. The fear of total collapse is the only reason we can get discounts like these in the first place. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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February 25, 2014, 05:27:13 AM |
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spent half of my fiat so far.
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fonzie
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February 25, 2014, 05:27:17 AM |
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Mother of all bull traps about to start. I predict a solid 100$ candle. |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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February 25, 2014, 05:29:50 AM |
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Mother of all bull traps about to start. ... ya think? feel lucky punk? ... if gox has truly physically destroyed 744k coins then money supply has just been decreased by ~6% ... chew on that. Say it isn't so Mark? You deleted the cold storage wallets, really? WTF!? |
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yrtrnc
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February 25, 2014, 05:29:59 AM |
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oh man my buy orders are starting to get filled. 460 and 450 filled (finex just missed 440). I hope this isnt a mistake.
It is. We are going to settle in the $100-150 range. You can trust me. Since your avatar is upside down, I have to ask, did you mean 001-015 range? 😊 |
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Jettison86
Newbie
Offline
Activity: 40
Merit: 0
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February 25, 2014, 05:30:52 AM |
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Is it sad that I'm listening to the "What does Mt. Gox Say" song while watching this Gox bitcoin destruction?  Anyone who wants to join me... http://www.youtube.com/watch?v=9KiqRpPiJAU |
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RandyMagnum
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February 25, 2014, 05:32:23 AM |
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Deleting cold storage wallet/s would essentially be pressing his own, biological delete button. It's been known that he has to travel to multiple locations to acquire access to cold storage, yes?
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JCviggen
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February 25, 2014, 05:32:35 AM |
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... if gox has truly physically destroyed 744k coins then money supply has just been decreased by ~6% ... chew on that.
It would require such vast incompetence that it seems unlikely it's thàt bad. Of course it's always possible, but I can't imagine the (dwindling) size of the cold wallets was never checked. |
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JorgeStolfi
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February 25, 2014, 05:33:00 AM |
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Any good theories on why China doesn't care about this?
Huobi price is still at $535.
My understanding: Arbitrage trade appears to have been disconnected or weakened since the big 10 kBTC sell-off at Bitstamp. Also Huobi and OKCoin together are much bigger than Bitstamp, BTC-e and Bitfinex together (sometimes 5x as big). Normally it is Huobi and OKCoin who define and stabilize the price on these three. With reduced arbitrage, these three become much more "fragile" and therefore volative, while the Chinese barely notice. Finally, apart from arbitrage, Huobi and OKCoin are isolated from the other markets, since they trade only in CNY, and the others cannot trade in CNY. Their clientele must not even know what MtGOX is. |
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