killer2021 (OP)
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Activity: 84
Merit: 10
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June 27, 2011, 08:29:55 AM |
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when mtgox opened so you could buy up a crap load of bitcoins?
I ain't gonna lie, I was.
Was pretty disappointed when it only dropped to 14$. I was expecting it to drop to around 5$/each.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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FreeMoney
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Activity: 1246
Merit: 1014
Strength in numbers
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June 27, 2011, 08:31:04 AM |
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when mtgox opened so you could buy up a crap load of bitcoins?
I ain't gonna lie, I was.
Was pretty disappointed when it only dropped to 14$. I was expecting it to drop to around 5$/each.
I admit I had some bids below $9. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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killer2021 (OP)
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Activity: 84
Merit: 10
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June 27, 2011, 08:33:00 AM |
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when mtgox opened so you could buy up a crap load of bitcoins?
I ain't gonna lie, I was.
Was pretty disappointed when it only dropped to 14$. I was expecting it to drop to around 5$/each.
I admit I had some bids below $9. yea my buy orders were at intervals of 10,9,8,7,6,5. I was totally expecting lots of people to dump btc when the exchange opened and all that panic selling would drop the price down to 5$ or less. That didn't happen. |
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GeniuSxBoY
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June 27, 2011, 08:42:09 AM |
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I knew it wasn't going to happen because of the 10 time goxings.
Had the site opened up 24 or 48 hours after it closed, we would have definitely seen it.
Time heals all wounds.
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Be humble!
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killer2021 (OP)
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Activity: 84
Merit: 10
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June 27, 2011, 08:44:48 AM |
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I knew it wasn't going to happen because of the 10 time goxings.
Had the site opened up 24 or 48 hours after it closed, we would have definitely seen it.
Time heals all wounds.
I guess you are right. |
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PatrickHarnett
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June 27, 2011, 08:49:40 AM |
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Other exchanges were not going crazy, so anyone could have simply transferred out rather than trading out.
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lacedwithkerosene
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June 27, 2011, 08:50:53 AM |
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waiting on a news article with a headline such as 'Digital Currency Astounds Skeptics - Weathers First Major Storm' ...
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hugolp
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Merit: 1001
Radix-The Decentralized Finance Protocol
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June 27, 2011, 09:04:25 AM |
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waiting on a news article with a headline such as 'Digital Currency Astounds Skeptics - Weathers First Major Storm' ...
Hahahaha. You broke my irony detector. |
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Astro
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June 27, 2011, 09:05:39 AM |
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The majority of people trading at mtgox aren't on the forums or reddit and don't care about all the FUD spread around these parts.
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darvil
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Activity: 73
Merit: 10
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June 27, 2011, 09:27:53 AM |
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I thought 10 was the lowest it would go so I had a bid for that.
But I felt 14 was the low point so I bought quite a bit of coins. Lucky move on my part.
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killer2021 (OP)
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Activity: 84
Merit: 10
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June 27, 2011, 09:30:46 AM |
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I thought 10 was the lowest it would go so I had a bid for that.
But I felt 14 was the low point so I bought quite a bit of coins. Lucky move on my part.
Lucky bastard *shakes fist* |
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dserrano5
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Activity: 1974
Merit: 1029
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June 27, 2011, 11:23:31 AM |
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I expected around $11.
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BTC Economist
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Activity: 112
Merit: 10
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June 27, 2011, 11:24:51 AM |
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I think right now we are seeing speculators abandoning ship - looks to be a miners only market. Who will pay for who's electricity? Some profits to be made, but tough going on that front. Without any real value to bitcoins, average Joe is quitting the game.
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When BTC soars, you need to be READY! PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!
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hugolp
Legendary
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Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
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June 27, 2011, 11:26:50 AM |
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I think right now we are seeing speculators abandoning ship - looks to be a miners only market. Who will pay for who's electricity? Some profits to be made, but tough going on that front. Without any real value to bitcoins, average Joe is quitting the game.
BTC Economist, your trolling has been low quality and repetitive lately. We demand higher quality and more entertaining trolling. |
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jashan
Newbie
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Activity: 56
Merit: 0
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June 27, 2011, 11:30:11 AM |
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I think what happened shows a couple of things:
a) Waiting this long was wise (even though they probably didn't do it intentionally ;-) )
b) Bitcoin is more stable than many people believe it is
c) Bitcoin successfully dealt with the first really severe attack
So it's all good news! ;-) Right on!!!
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nosfera2
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Activity: 42
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June 27, 2011, 11:40:17 AM |
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a) Waiting this long was wise (even though they probably didn't do it intentionally ;-) )
The words you are looking for are "bloody lucky".  |
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bitbot
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Activity: 70
Merit: 10
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June 27, 2011, 12:06:14 PM |
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I was expecting a drop to around 10 at least. my backup plan was buying at around 14 on tradehill and selling back on whichever exchange was higher after the weekend
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killer2021 (OP)
Member
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Activity: 84
Merit: 10
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June 27, 2011, 12:08:43 PM |
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I think what happened shows a couple of things:
a) Waiting this long was wise (even though they probably didn't do it intentionally ;-) )
b) Bitcoin is more stable than many people believe it is
c) Bitcoin successfully dealt with the first really severe attack
So it's all good news! ;-) Right on!!!
Yes, for every shock we've seen to the system after each event the system has only gotten more stable. Its been at 17.20-17.30 for hours now. |
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BTCrow
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June 27, 2011, 12:18:15 PM |
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when mtgox opened so you could buy up a crap load of bitcoins?
I ain't gonna lie, I was.
Was pretty disappointed when it only dropped to 14$. I was expecting it to drop to around 5$/each.
I must admit that I was hoping something like 7$ to 8$ per BTC. But in fact that's a good news for bitcoins, I think they will stabilise a lot more than what it was before the hack. |
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lemonginger
Full Member
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Activity: 210
Merit: 100
firstbits: 121vnq
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June 27, 2011, 02:43:46 PM |
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I still think we will see a drop back into single digits sooner rather than later.
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