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solidshotnosh
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May 15, 2013, 12:18:29 AM
 #1

O FUG GOVERNMENT CONSPIRACY ONE METHOD OF PAYMENT IS DOWN

Proceed to see sell volume increase by 200% in >2 hours
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Streets 2.0
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May 15, 2013, 12:19:26 AM
 #2

O FUG GOVERNMENT CONSPIRACY ONE METHOD OF PAYMENT IS DOWN

Proceed to see sell volume increase by 200% in >2 hours

LOL, I just looked outside and the sky isn't falling yet, I'll check back in an hour

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dree12
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May 15, 2013, 12:19:39 AM
 #3

BTC-E at 99. Given that Mt. Gox USD cannot be withdrawn easily right now, this is probably the best indicator of market price.

Edit: now 97
Coinbuck @ BTCLot
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May 15, 2013, 12:20:22 AM
 #4

BTC-E at 99. Given that Mt. Gox USD cannot be withdrawn easily right now, this is probably the best indicator of market price.

Edit: now 97.6

That is not true. Obviously you don't use Mt.Gox services.

Bitcoin is the future !
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May 15, 2013, 12:20:42 AM
 #5

O FUG GOVERNMENT CONSPIRACY ONE METHOD OF PAYMENT IS DOWN

Proceed to see sell volume increase by 200% in >2 hours

There is some positive press about BTC right now too though, plus the conference might bring some positive things into light.  Maybe it will balance out.  It is only one payment method (dwolla) that has been interrupted.

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dree12
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May 15, 2013, 12:22:40 AM
 #6

BTC-E at 99. Given that Mt. Gox USD cannot be withdrawn easily right now, this is probably the best indicator of market price.

Edit: now 97.6

That is not true. Obviously you don't use Mt.Gox services.

If you live in the US, the only ways out of Mt. Gox are through Camp BX and through Coinbase, both expensive. Some find it cheaper to buy BTC and withdraw that way.
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May 15, 2013, 12:27:39 AM
 #7

If you live in the US, the only ways out of Mt. Gox are through Camp BX and through Coinbase, both expensive. Some find it cheaper to buy BTC and withdraw that way.

I don't want to spend time explaining so I will just quote a post I saw.

I don't understand the mass sell-off and panic.

You can still use Dwolla -> BitInstant -> MtGox

Or Dwolla -> CampBx

Or BitInstant Cash deposit -> Key -> MtGox

Or Bank Transfer ->MtGox

Or Dwolla ->Okpay -> MtGox

Should I go on?

 O FUG THE GUVMENT TYIN TA SHUT DWN BITCOIN

Guise, srsly, our market cap is what it would probably cost to shut it down. We're such a small piece of the pie I can't see any major body (for the time being) giving a second thought to the power we attribute to bitcoin.

Bitcoin is the future !
dree12
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May 15, 2013, 12:28:39 AM
 #8

If you live in the US, the only ways out of Mt. Gox are through Camp BX and through Coinbase, both expensive. Some find it cheaper to buy BTC and withdraw that way.

I don't want to spend time explaining so I will just quote a post I saw.

I don't understand the mass sell-off and panic.

You can still use Dwolla -> BitInstant -> MtGox

Or Dwolla -> CampBx

Or BitInstant Cash deposit -> Key -> MtGox

Or Bank Transfer ->MtGox

Or Dwolla ->Okpay -> MtGox

Should I go on?

 O FUG THE GUVMENT TYIN TA SHUT DWN BITCOIN

Guise, srsly, our market cap is what it would probably cost to shut it down. We're such a small piece of the pie I can't see any major body (for the time being) giving a second thought to the power we attribute to bitcoin.

Yep. You can get fiat into Mt. Gox but not out. Therefore, Mt. Gox prices are unreliable.
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May 15, 2013, 12:30:40 AM
 #9

Yep. You can get fiat into Mt. Gox but not out. Therefore, Mt. Gox prices are unreliable.

Aurumxchange is still working.

Bitcoin is the future !
solidshotnosh
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May 15, 2013, 12:33:13 AM
 #10

If you live in the US, the only ways out of Mt. Gox are through Camp BX and through Coinbase, both expensive. Some find it cheaper to buy BTC and withdraw that way.

I don't want to spend time explaining so I will just quote a post I saw.

I don't understand the mass sell-off and panic.

You can still use Dwolla -> BitInstant -> MtGox

Or Dwolla -> CampBx

Or BitInstant Cash deposit -> Key -> MtGox

Or Bank Transfer ->MtGox

Or Dwolla ->Okpay -> MtGox

Should I go on?

 O FUG THE GUVMENT TYIN TA SHUT DWN BITCOIN

Guise, srsly, our market cap is what it would probably cost to shut it down. We're such a small piece of the pie I can't see any major body (for the time being) giving a second thought to the power we attribute to bitcoin.

that's actually my post from another thread.

That's what inspired this thread
solidshotnosh
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May 15, 2013, 12:34:55 AM
 #11

Well that crash lasted like 20 mins?

I'm glad that I obsessively watch the market, that was fun and educational
dree12
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May 15, 2013, 12:37:50 AM
 #12

Well that crash lasted like 20 mins?

I'm glad that I obsessively watch the market, that was fun and educational

The crash has not started yet. That was the warmup.
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May 15, 2013, 12:39:24 AM
 #13

The crash has not started yet. That was the warmup.

Tell us more about your buy position  Grin

Bitcoin is the future !
solidshotnosh
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May 15, 2013, 12:39:53 AM
 #14

Strap me in baby, I'm here till we crash and burn into obscurity or until we skyrocket into our glorious final form
dree12
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May 15, 2013, 12:43:04 AM
 #15

The crash has not started yet. That was the warmup.

Tell us more about your buy position  Grin

I stopped being a permabull after the crash from $266. Bitcoin is at the cusp between over- and under-valued right now. Any small movement can elevate into a large one.

It's worked out well so far. I went short in the $125 zone down to $110 because of the CoinLab lawsuit. I'm shorting again now.

Disclaimer: I own bitcoins—the shorting is a hedge to my exposure. My net exposure remains positive.
solidshotnosh
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May 15, 2013, 12:44:19 AM
 #16

I see no reason to be anything but bullish in any endeavor. Ever.

All or nothing babeh.
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May 15, 2013, 02:08:36 AM
 #17

.... the price falls hard. come one guys when are you gonna learn?  Tongue

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May 15, 2013, 02:32:30 AM
 #18

Yup, always an uphill fight :\

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May 15, 2013, 03:24:00 AM
 #19

F you W. and F you homeland security.

I'm beginning to think that the US's AML laws are as outdated as their copyright laws.

Napster and bittorrent destroyed the music business.

Bitcoin will destroy the dollar.
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May 15, 2013, 04:03:12 AM
 #20

Now this is what I call a Bearapocalypse.....which is made up of a series of events that seem likely to de-value BTC.

The full effect shall not be happening until all this week.I think we can pretty much preclude there won't be any major USD flowing into Gox soon and I wonder if this has anything to do with the Coinlab/Gox lawsuit that made the authorities look into this further?

I think we can obviously expect quite a bit of selling over the next few days.

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