bradbrad (OP)
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Activity: 27
Merit: 0
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June 21, 2013, 05:22:44 AM |
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With the large price difference in BTC between MtGox and Bitstamp (and I see this getting much bigger and quickly), I was looking at some ways of transfer BTC to MtGox, Selling it, and getting the USD back to BitStamp so buy back and make a couple of coins, so went to check out Aurumxchange and bang, as of today they are "discontinuing operations"...
Personal opinion... matter of time before MtGox goes bang too. Right now just have to figure out how to take advantage of this massive gap!
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Matthew N. Wright
Untrustworthy
Hero Member
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Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
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June 21, 2013, 05:23:38 AM |
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AurumXChange didn't exactly have a reputable owner last I checked. Click the link in my signature, CTRL + F search for "AurumXChange".
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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June 21, 2013, 05:34:44 AM |
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Seems to me the entire Bitcoin infrastructure is going kaboom one by one. There was a big story on bitspend yesterday too.
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empoweoqwj
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June 21, 2013, 05:44:25 AM |
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Seems to me the entire Bitcoin infrastructure is going kaboom one by one. There was a big story on bitspend yesterday too.
Its a shake-out that had to happen. There were far too many cowboys in the bitcoin wild west. It will cause uncertainty for the next year or so. But it was inevitable. Hang on to your hats. |
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gidi337
Member
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Activity: 97
Merit: 10
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June 21, 2013, 12:15:49 PM |
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ok it a few service companies may collapse
but bitcoin will still be strong as it is decentralized and therefore there will always be demand for it since government cannot ban it.
it can only block bank accounts and places that store your physical money.
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Nova!
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June 21, 2013, 01:39:11 PM |
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Others will come up to replace them.
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Donate @ 1LE4D5ERPZ4tumNoYe5GMeB5p9CZ1xKb4V
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Looser by Choice
Jr. Member
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Activity: 56
Merit: 1
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July 02, 2013, 07:01:43 AM |
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Does anybody know or care what was the real reason?
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moni3z
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July 02, 2013, 08:32:32 PM |
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Does anybody know or care what was the real reason?
Probably they lost all their money when Liberty Reserve went under, combined with the strict fincen rules wacky Americans now enforce worldwide, plus banks dropping exchangers and not wanting anything to do with bitcoin = bankrupt |
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chufchuf
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July 03, 2013, 02:07:48 AM |
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nothing to do with mtgox, banks, USSA or bitcoin, they were just exposed to LR and tecnocash. how anyone would want to stay in business after those two crash and you depend on them so much is insurmountable
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