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Author Topic: Without mtgox the price will be under $100 within an hour  (Read 9519 times)
schmokel
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April 21, 2013, 07:42:30 PM
 #101

OK, so what happens when the authorities seize Mt. Gox's servers, bank accounts, or both over some trumped up charges?  What happens to BTC then?
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April 21, 2013, 07:47:32 PM
 #102

OK, so what happens when the authorities seize Mt. Gox's servers, bank accounts, or both over some trumped up charges?  What happens to BTC then?

Easy - the price will plummet on the other exchanges, the other exchanges will take over the business, the price will recover.


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notme
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April 21, 2013, 07:51:58 PM
 #103

OK, so what happens when the authorities seize Mt. Gox's servers, bank accounts, or both over some trumped up charges?  What happens to BTC then?

Easy - the price will plummet on the other exchanges, the other exchanges will take over the business, the price will recover.

Yep, that's a buy buy buy situation.  And another reason why you should not keep significant funds on any exchange.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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April 21, 2013, 08:37:48 PM
 #104

OK, so what happens when the authorities seize Mt. Gox's servers, bank accounts, or both over some trumped up charges?  What happens to BTC then?

Think about what that would do to supply. In theory, the bitcoins would be gone, unless the charges are eventually dropped. No government is going to get involved in sending/trading bitcoins. I would think price would go up on the drop in supply.

Long live the great CLAM!
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April 21, 2013, 09:08:28 PM
 #105

Ok so OP u failed in your prediction. Now go silent and create a new forum account to post under lol

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Xiaoma
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April 21, 2013, 09:36:36 PM
 #106

Ok so OP u failed in your prediction. Now go silent and create a new forum account to post under lol

I don't think he failed that badly, the price did actually touch $100 within a hour, but didn't pass the wall into double digits. Was VEEEERY close.
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April 21, 2013, 09:39:16 PM
 #107

Past where? BTC-E? You mean that place its nearly impossible to fund your account in $s EXCEPT by selling bitcoins?

CoinLenders - Bitcoin Bank Script / Demo
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April 21, 2013, 09:43:03 PM
 #108

just another example of pathetic noob trolls who don't have a clue what they're doing or talking about.

(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
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April 21, 2013, 10:18:11 PM
 #109

Ok so OP u failed in your prediction. Now go silent and create a new forum account to post under lol

I don't think he failed that badly, the price did actually touch $100 within a hour, but didn't pass the wall into double digits. Was VEEEERY close.

Oh you mean the price on illiquid exchanges? Like btc-e.com? Don't make me laugh haha

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April 21, 2013, 10:24:13 PM
 #110

smoothie, don't you know that an exchange that takes about 100 coins to drop it $20 is actually the true value indicator for bitcoin? yeah, hot news, you heard it here first.

Just like vircurex when it had a bid side of $101 and an ask side of $120, just the $19 spread there then, but clearly bitcoin is crashing because the bid side is $101

oh wait.. someone just bought 0.467btc and the price is now $110, my mistake.

 Roll Eyes

(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
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April 21, 2013, 10:56:22 PM
 #111

I am pretty sure the only reason that is stopping this from turning into a major panic is bears' empty pockets.


https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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April 22, 2013, 01:13:29 AM
 #112

Title should be : Without MtGox CaVirtex would continue to lead the way, and other exchanges would follow Wink
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April 22, 2013, 06:35:54 AM
 #113

Well, that was a fail OP. Grin


more or less retired.
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April 22, 2013, 06:46:21 AM
 #114

smoothie, don't you know that an exchange that takes about 100 coins to drop it $20 is actually the true value indicator for bitcoin? yeah, hot news, you heard it here first.

Just like vircurex when it had a bid side of $101 and an ask side of $120, just the $19 spread there then, but clearly bitcoin is crashing because the bid side is $101

oh wait.. someone just bought 0.467btc and the price is now $110, my mistake.

 Roll Eyes

LOL clearly some people (OP) need to educate themselves on markets, depth, etc.

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LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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April 22, 2013, 12:47:27 PM
 #115

Price is stable at http://bitcoinity.org/markets

Really, you need to just relax and let BTC be
Let it BTC
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April 22, 2013, 05:06:34 PM
 #116

The emperor is naked. When noobs realize that bitcoin is still a funny experiment with unstable infrastructure (the gox) they start to withdraw their fiat, and the house of cards collapses down to the levels before the noobs started to speculate.
according to my own expert group, even n00bs have a brain. properly stimulated, some of them have the capability to learn. a weekend or two is enough to master the holy truth of bitcoin – and the nakedness is suddenly invisible.
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June 07, 2013, 10:46:35 PM
 #117

according to my own expert group, even n00bs have a brain. properly stimulated, some of them have the capability to learn. a weekend or two is enough to master the holy truth of bitcoin – and the nakedness is suddenly invisible.

+1

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June 08, 2013, 01:08:32 AM
 #118

When noobs realize that bitcoin is still a funny experiment with unstable infrastructure (the gox) they start to withdraw their fiat

Bitcoin is a funny experiment.
US dollar is a failed experiment.
Gold is not even an experiment, it was already proven it can be controlled or confiscated.
Stocks are a scary experiment, at least for me.

It's pretty scary either way, but I am starting to think Bitcoin is a bit less scary than about a ton of other things.

Not going to withdraw any time soon.
I'm a noob.
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June 08, 2013, 02:56:22 AM
 #119

why did you bump this... Seriously. For a +1?

It's not even relevant to the current market.

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June 10, 2013, 05:21:43 PM
 #120

why did you bump this... Seriously. For a +1?

It's not even relevant to the current market.

Did you bother to read the entire thread? If you did I think you would see the relevance, if you cant be bothered than ya you're right.

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