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YipYip
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June 04, 2014, 09:07:22 AM |
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Amusing all the people panicking over a retracement and asking about 'fundamental reason' etc. The RSI was so high a blind man could have seen it.
totally agree...was sitting on 100 ..what more could it have done 120+ ?? |
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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dreamspark
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June 04, 2014, 09:10:28 AM |
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It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.
To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic. Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users. So!? You control the private keys, no ? If your relying on third party services to the point where an hour or so of down time has you running in circles and panicking then your doing it wrong. Even worse if your worried they're stealing your funds then why on earth use it in the first place. I just don't get this, Bitcoin has given us a way to not have to trust third parties and the first thing everyone wants to do is start giving their coins to third parties, when will people learn. |
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madmat
Legendary
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Activity: 966
Merit: 1000
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June 04, 2014, 09:19:33 AM |
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It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.
To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic. Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users. So!? You control the private keys, no ? If your relying on third party services to the point where an hour or so of down time has you running in circles and panicking then your doing it wrong. Even worse if your worried they're stealing your funds then why on earth use it in the first place. I just don't get this, Bitcoin has given us a way to not have to trust third parties and the first thing everyone wants to do is start giving their coins to third parties, when will people learn. I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down. |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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June 04, 2014, 09:22:47 AM |
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Soon we will have the pleasure of reading bloomberg (and others) making "headline-analyzes".
Bitcoin gains as <insert fund manager> says <insert random rant>
Bitcoin down as <insert random company event>
I think you will see that they are no better than the ranting here in the wall observer.
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Xer0
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June 04, 2014, 09:24:53 AM |
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It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.
To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic. Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users. So!? You control the private keys, no ? If your relying on third party services to the point where an hour or so of down time has you running in circles and panicking then your doing it wrong. Even worse if your worried they're stealing your funds then why on earth use it in the first place. I just don't get this, Bitcoin has given us a way to not have to trust third parties and the first thing everyone wants to do is start giving their coins to third parties, when will people learn. its about convenience. not having to store dozen gigs of blockchain on your ssd. or keeping it in sync over a tiny limited data plan |
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TERA
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June 04, 2014, 09:30:19 AM |
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It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.
To be fair there are plenty of block explorers and blockchain.info isn't even my favorite one, its hardly not a good sign for the ecosystem of Bitcoin if a website goes down, don't be so dramatic. Blockchain.info is a block explorer and a bitcoin wallet with more than 1.5 million users. So!? You control the private keys, no ? If your relying on third party services to the point where an hour or so of down time has you running in circles and panicking then your doing it wrong. Even worse if your worried they're stealing your funds then why on earth use it in the first place. I just don't get this, Bitcoin has given us a way to not have to trust third parties and the first thing everyone wants to do is start giving their coins to third parties, when will people learn. its about convenience. not having to store dozen gigs of blockchain on your ssd. or keeping it in sync over a tiny limited data plan There are light clients like Electrum which don't need to download the blockchain. While a server is trusted to provide the blockchain, it is not trusted for anything else or to store your private key and you retain control over your key and your coins. You can also use a paper wallet and use something like a copy of brainwallet.org to push out the transactions |
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ag@th0s
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June 04, 2014, 09:30:50 AM |
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Blockchain "wallets" <edit> def not up in the UK at the moment  |
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freebit13
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June 04, 2014, 09:35:25 AM |
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Ebay was hacked and had to ask all of their customers (a lot more than 1.5mil) to change their passwords... does anyone think this has negatively affected online sales? It's just one website, yes it's popular, but it doesn't control bitcoin.
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blatchcorn
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June 04, 2014, 09:35:37 AM |
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I am in the UK and it works for me
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calmindifference
Member
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Activity: 91
Merit: 10
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June 04, 2014, 09:36:57 AM |
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I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.
Exactly - and even if they did obtain their private keys, how many would find it straightforward to use bitcoin-qt.exe command line API or run the gauntlet with some other wallet app. |
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ErisDiscordia
Legendary
Offline
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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June 04, 2014, 09:46:47 AM |
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I have to say I really liked the "matrioska cup and handle" chart posted by...who was it? molecular? Several cups nested inside one another. According to this model we would now have to stabilize around 620 for a while. It's why I voted 625 in the poll and felt stupid at first when it kept going up. Now I think we might see this play out after all  |
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dreamspark
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June 04, 2014, 09:50:07 AM |
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its about convenience.
not having to store dozen gigs of blockchain on your ssd. or keeping it in sync over a tiny limited data plan
Well if your willing to take that risk for convenience thats up to you, unfortunately securing your wealth isn't a matter of convenience. Its more convenient for me to store my cash under my bed but its far riskier than storing it in a bank even though its less convenient. If the block chain is a problem use an SPV wallet. 18gb is nothing now days.
I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.
But thats their problem. What I said still stands, if your going to trust your coins to a third party know the risk you are taking and if you don't control the private keys yourself then your doing it wrong. The whole premise of Bitcoin is not trusting third parties. If you trust a third party whatever happens is your fault. It sounds harsh but learn to use what we've been given correctly and there are no problems. I mean its not like the site went black for days, it was an hour or so and people are freaking out. If they are managing their risk correctly they would not be freaking out. Unfortunately people are going to continue to get burnt until they learn. |
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dreamspark
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June 04, 2014, 09:56:21 AM |
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I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.
Exactly - and even if they did obtain their private keys, how many would find it straightforward to use bitcoin-qt.exe command line API or run the gauntlet with some other wallet app. Then they should learn before using the tech. Many of the older Bitcoiners here spent ages learning about the tech, often months before buying coins. Now people don't even care about the tech and just jump in thinking they're getting rich quick. Unfortunately in the beta stage of this project a certain amount of learning is necessary to secure your funds. Just because u cba to learn how to use it properly isn't going to stop your coins from disappearing. Granted companies such as circle will be making it easier as well as insuring your funds and then you can place a calculated trust in a third party |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 04, 2014, 10:00:24 AM |
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ag@th0s
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June 04, 2014, 10:03:56 AM |
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I am in the UK and it works for me
Yep - up for me now. Looks like they had to do some kind of rollback as before I got that 522 I did manage to log into my wallet but it wasn't showing any transactions past Feb '02. Had an exciting moment looking at a wallet balance 1/20th of what it should be. Phone app is working now too. |
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fonzie
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June 04, 2014, 10:04:19 AM |
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580 is the new 150$ , Upcoming China Ban is the new Silkroad Flash Crash which will bring us down to 280$. Recovery won´t happen this time as Willy no longer works for the Bitcoin community.  |
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zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
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June 04, 2014, 10:18:49 AM |
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got BTC which i need in FIAT
when is usually the best time to sell? night?
Now! damn. should have listened to you now the money is gone gone gone All your fiat are belong to us |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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June 04, 2014, 10:26:16 AM |
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580 is the new 150$ , Upcoming China Ban is the new Silkroad Flash Crash which will bring us down to 280$. Recovery won´t happen this time as Willy no longer works for the Bitcoin community. I really feel sorry for guys like you, wasting your life on forums talking about a "dead horse".... don't you have anything better to do? maybe a wife to talk with or kids to play with? or simply a friend ? your life must sucks... I cant even imagine. |
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blatchcorn
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June 04, 2014, 10:29:20 AM |
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580 is the new 150$ , Upcoming China Ban is the new Silkroad Flash Crash which will bring us down to 280$. Recovery won´t happen this time as Willy no longer works for the Bitcoin community. I really feel sorry for guys like you, wasting your life on forums talking about a "dead horse".... don't you have anything better to do? maybe a wife to talk with or kids to play with? or simply a friend ? your life must sucks... I cant even imagine. I wonder if JP Morgan are paying him to spread FUD to buy at a cheap a price?? Which must mean the more FUD Fonzie spread's the more people should be buying  |
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btc-owl
Newbie
Offline
Activity: 47
Merit: 0
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June 04, 2014, 10:36:43 AM |
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580 is the new 150$ , Upcoming China Ban is the new Silkroad Flash Crash which will bring us down to 280$. Recovery won´t happen this time as Willy no longer works for the Bitcoin community. I really feel sorry for guys like you, wasting your life on forums talking about a "dead horse".... don't you have anything better to do? maybe a wife to talk with or kids to play with? or simply a friend ? your life must sucks... I cant even imagine. lol, you sound like Pepe Mujica http://www.joinuruguay.com/180-ing/buy-t-shirt-of-pepe-mujica.html"The poorest is the one who needs a lot to live" |
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