Balls of Steel

[beaconpcguru]

GoxLoop™

[SuperHakka]

what is goxloop? what is the real price brah?

[Chalkbot]

what is goxloop? what is the real price brah?

Goxloop is a controversial safety mechanism on the Gox exchange that was implemented after a hacker was able to take control and sell everyone's coins, plummeting the price down to pennies. Those trades were all rolled back, and then Goxloop was put into place.

Essentially, when it detects a large sell like this, it triggers and stops trades. You will see the same series of trades being replayed repeatedly until a manual reset.

[SuperHakka]

what is goxloop? what is the real price brah?

Goxloop is a controversial safety mechanism on the Gox exchange that was implemented after a hacker was able to take control and sell everyone's coins, plummeting the price down to pennies. Those trades were all rolled back, and then Goxloop was put into place.

Essentially, when it detects a large sell like this, it triggers and stops trades. You will see the same series of trades being replayed repeatedly until a manual reset.

thanks for that explanation brah. so all the peeps who are trading now, all of them will be rolled back when the manual reset happens?

[Chalkbot]

what is goxloop? what is the real price brah?

Goxloop is a controversial safety mechanism on the Gox exchange that was implemented after a hacker was able to take control and sell everyone's coins, plummeting the price down to pennies. Those trades were all rolled back, and then Goxloop was put into place.

Essentially, when it detects a large sell like this, it triggers and stops trades. You will see the same series of trades being replayed repeatedly until a manual reset.

thanks for that explanation brah. so all the peeps who are trading now, all of them will be rolled back when the manual reset happens?

I don't know if the exact behavior of Goxloop has been documented, as we've only seen it a handful of times. The general concensus is that all trades that happened in the looping period of time shown WILL execute. While your order will appear to be cancel-able upon each loop, it is in-fact not. Orders placed DURING the looping, I'm not sure of. You're trading blind, and likely to get burnt when Goxloop ends.

[Oldminer]

My balls are so solid & heavy I'm off to buy a man pouch to carry them round in

[seljo]

Sometimes I don't know if I'm so stupid or my balls are huge...

[rampantparanoia]

I hid my cold wallets under my balls.

[EuroTrash]

Titles like the one of this thread starts showing up when the panic is widespread It's the first stage of grief.

All I can say is that I have been there. Eons ago I had over a thousand coins.

And boy I miss having so many coins which I sold in fear to "take profit" during bubble pops. Not even because of their fiat value now, hadn't I sold them. What I miss is the feeling of being part of an elite. Because now I know that with the earnings of my job I will never ever be able to have over a thousand coins again.

I wish I was able to really guess the dips and profit from them so that I could multiply my coins. But I suck at trading.
I have great hopes for wider merchant adoption though. I dream of being paid for my job in btc and to be able to pay all my bills and grocery in btc, while converting into fiat only at need.

[NorbyTheGeek]

No balls of steel here.  I'm just holding on for the ride.

I think it takes balls to try to time the market and predict what it's gonna do.  I don't have that.  So I just sit and watch the frenzy.

[Chris180Z]

So the advise from you all is to wait for a few days and buy? I have no BTC and i'm looking to invest, but I can't afford to even buy 1btc at $1000. I could buy a few though if they were $300-400.

[wachtwoord]

Holding! (My Bitcoins, not my balls)

[NorbyTheGeek]

So the advise from you all is to wait for a few days and buy? I have no BTC and i'm looking to invest, but I can't afford to even buy 1btc at $1000. I could buy a few though if they were $300-400.

My advice is that this is a poor place to look for advice.

I agree.  This forum has folks who will advise you to do whatever benefits them or furthers their self-importance.

All I will say is that you don't need to buy a whole bitcoin when you do buy.  And don't spend more money than you can comfortably afford to lose.

[knarzo]

I hid my cold wallets under my balls.

Buried mine. No chance to act in time

[Rannasha]

I never paid anything for my coins (tweaked my own hobby-program slightly for someone else for BTC and mined some silly altcoins within hours after release and sold for BTC), so I have no need to safeguard my fiat-investment, withdraw the principal, or whatever. So I hold.

I've happily made some profit, both fiat and BTC, with risk-free arbitrage during these volatile times.

[ajax3592]

You need balls of steel to trade on MT.GOX these days 

[GigaCoin]

Titles like the one of this thread starts showing up when the panic is widespread It's the first stage of grief.

All I can say is that I have been there. Eons ago I had over a thousand coins.

And boy I miss having so many coins which I sold in fear to "take profit" during bubble pops. Not even because of their fiat value now, hadn't I sold them. What I miss is the feeling of being part of an elite. Because now I know that with the earnings of my job I will never ever be able to have over a thousand coins again.

I wish I was able to really guess the dips and profit from them so that I could multiply my coins. But I suck at trading.
I have great hopes for wider merchant adoption though. I dream of being paid for my job in btc and to be able to pay all my bills and grocery in btc, while converting into fiat only at need.

i get that, when i first started with bitcoins i tried the trade game as i was new to the whole trading thing, i ended up losing more coins than i started with. it was a lesson learnt. Now I seem to have grasped the indicators that tell me when a market dips and when it rises, not always accurate however i still dont play it. I just wait for a large dip, buy and hold. i sell only a v small portion at v high tops and use that to multiply my holdings by rebuying.

One thing i found interesting are altcoins, ive transferred a minute amount of mbtc to cryptsy and just testing the water ive learnt alot so far and i hope to use that to get in some coins with strong fundamentals (already have partially). u can try that with a small amount and see how it goes. it can help u regain some lost coins

[alexeft]

Who here has balls of steel?

Your balls are being tested now.

Only the strong survive.



PS:  is one bigger than the other on yours like the picture?

EDIT:  PPS:   Ladies - Ovaries of Steel for all of you.   My bad.

-Burger-

Mine are iridium made thank you!! 

[alexeft]

Nahhhhhh!!! I'm just kidding! I'm only wearing steel underwear! 

[wachtwoord]

Mine are iridium made thank you!! 

A radioactive variant?