To all of you who bought bitcoins at about 5 cents and are now pissed coz Mt Gox are doing a rollback I have only one thing to say: Fuck you! You knew something was wrong, you tried to capitalize and thought you got away with it. Don't blame you guys for trying, most of us would have. I blame you for bitching about the rollback, calling it stealing, and claiming to not understand that something was wrong when the other markets traded at around 15$ at the same time.
Except of course, everyone knows what a volotile market BTC is and so it very well could have been a totally legit sell off by an early investor.
Right?
Isn't that how this wonderful free market works?
Well, below 5$ could have been semi-realistic maybe but from 17 to 0.01 in a couple of hours? This is from the bitcoin-extension Bitcoin Ticker:
Trader High Low Buy Sell
MTGox $ 18.88 $ 0.01 $ 11.50 $ 12.01
TradeHill $ 18.00 $ 10.00 $ 13.00 $ 13.50
Bitomat zł 123.00 zł 1.00 zł 37.01 zł 38.50
BritCoin £ 11.50 £ 5.00 £ 10.31 £ 10.00
It was at
0.01!!!!. During a fall crazy like that wouldn't you check forums and other markets and realize something is wrong? Even if people didn't understand at the time, which I doubt, they should accept it now.