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Author Topic: Looks like some script kiddie is trying to coordinate a price drop for Monday  (Read 3091 times)
Elwar
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April 22, 2013, 02:46:52 AM
 #1

===OPERATION SHOCK AND AWE

===Date: Monday 2013-04-22

===Start time of event: 15:30 UTC

===Goal: Bring bitcoin price < $30 US dollars

http://www.reddit.com/r/Bitcoin/comments/1cu4ck/ridiculous_ddos_operation_set_up_for_monday/


DDOS prevention is pretty limited these days, I wish there were better solutions than cloudlfare, they do not seem to be cutting it.

I am worried that once my site is up I will have to deal with the same stuff and am not sure how to handle DDOS.

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1513242769
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wobber
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April 22, 2013, 02:47:44 AM
 #2

cooldinate a plice dlop?

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
NikolaTesla
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April 22, 2013, 03:05:46 AM
 #3

Only one solution to this. Set up graduated bids from 100 down to 35 and hope to get cheap coins

Do as thou wilt shall be the whole of the law.
nebulus
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... it only gets better...


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April 22, 2013, 03:06:40 AM
 #4

A person who came up with the name for this crap should be smacked...

True___Blue
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April 22, 2013, 03:13:34 AM
 #5

Thanks for posting this. As with most things on the internet I question its authenticity. How did you find out about it?

BIGMERVE
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April 22, 2013, 03:16:38 AM
 #6

Most likely fake. Nobody is planning things like that without using some other form of communication like encryption.

awakening
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April 22, 2013, 03:18:13 AM
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Obviously fake. Just another idiot spreading FUD.
Elwar
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April 22, 2013, 03:28:34 AM
 #8

Thanks for posting this. As with most things on the internet I question its authenticity. How did you find out about it?

Completely likely to be just some kid who thinks posting stupid stuff is fun. AKA most of 4chan.

Saw it on another thread, checked the reditt to grab the meat of it.

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SlipperySlope
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April 22, 2013, 03:28:45 AM
 #9

Quote
I am worried that once my site is up I will have to deal with the same stuff and am not sure how to handle DDOS.

I believe that Mt. Gox uses Prolexic for DDoS mitigation. The Prolexic site appears to target large enterprise customers, e.g. banks.
Kazu
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April 22, 2013, 03:32:13 AM
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Quote
I am worried that once my site is up I will have to deal with the same stuff and am not sure how to handle DDOS.

I believe that Mt. Gox uses Prolexic for DDoS mitigation. The Prolexic site appears to target large enterprise customers, e.g. banks.

I am getting the cloudflare page when they are down, though.

CoinLenders - Bitcoin Bank Script / Demo
1v.io/kazu - 15ccW7m6RxDFWEKc3P1NdwWpX1N1pU7gZ8
BitcoinAshley
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April 22, 2013, 03:44:17 AM
 #11

Obviously fake.

I certainly wouldn't mind a drop to 30, cheap coins, but this whole pump-bigdump-panicsell-lag-ddos-morelag-morepanicsell-selleverythingatmarket fiasco gets old. People are getting desensitized, it's just not FUN anymore, seeing a huge drop every time Gox has more than 30 seconds lag.

NikolaTesla
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April 22, 2013, 08:05:17 AM
 #12

7 hours til supposed event?

I don't think anything will happen; the only contingency that hasn't been addressed is what if other people who actually believe this sell in anticipation and the price drops anyway as a result?

Do as thou wilt shall be the whole of the law.
naphto
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April 22, 2013, 08:07:47 AM
 #13

Wait and see Smiley
Krabby
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April 22, 2013, 08:22:35 AM
 #14

I'll put a ladder all the way down just in case.
I would not mind it dropping temporarily, I got fiat pending damn it.

I'm mainly interested on its effect on litecoins though ^.^

Le Happy Merchant
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April 22, 2013, 08:56:43 AM
 #15

If it drops: I will buy.
If it doesn't drop: I will continue to hold.

This news is both obviously fake, and good for anyone looking to buy.

wopwop
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April 22, 2013, 10:15:20 AM
 #16

I shat my pants
AlgoSwan
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ancap


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April 22, 2013, 11:06:09 AM
 #17

BTC price manipulation will be very hard as long as short selling is not available for fiat money. Once you allow BTC short selling with paper, you simply send an invitation to manipulator. Panic-selling or insider selling is different (two weeks ago we saw that kind of selling pressure). Now BTC markets returning back to normal volatility. I expect range-bound markets for at least 3 to 6 months. Four digits BTC is quite possible after this normalization process.

US options trader and ancap
BitcoinAshley
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April 22, 2013, 12:10:50 PM
 #18

Quote from: NikolaTesla
I don't think anything will happen; the only contingency that hasn't been addressed is what if other people who actually believe this sell in anticipation and the price drops anyway as a result?


I think that's the idea. "Oop... I released this top secret info... (in hopes that everyone would trade on it)"

Quote from: Krabby
I'm mainly interested on its effect on litecoins though ^.^


Well then you might be disappointed. During the crash from $2xx to $60, litecoins also lost more than 50% of their value, dipping into the low $1 range. I was somewhat annoyed to see that people weren't selling at least SOME of their BTC into LTC - instead, they were selling ALL their BTC and ALL their LTC for fiat. I understand fiat is stable at the moment, but there was no fundamental change in LTC that would have indicated a reason to sell other than "Oh I have an excuse to start another panic wagon in an alt-coin." It was still a fun ride, but it also proves that no matter what form your money is in, it's never safe from idiots.
Fiat - not safe from Ben Bernanke
Bitcoin/alt-coins - not safe from herd mentality of panic wagons
Gold/silver - not safe (in short-term) from naked paper shorts and HFT suppression algorithms.



massivebitman
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April 22, 2013, 12:27:56 PM
 #19

Shit that 120 wall is coming down fast

massivebitman
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April 22, 2013, 12:32:19 PM
 #20

Cmon somebody...

Buy! Cheap coins!!

Don't let the script kiddies scare you...

Even if it does go down, it'll rebound back up. Just need a few more k and we can level back up to 125

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