Where is GOX going?

[surfer43]

I need to know 

[Holliday]

[surfer43]

I'm afraid if I short it will go back up.   

[Ibian]

Gox sold their coins and goxbux for tulips.

[surfer43]

Gox sold their coins and goxbux for tulips.

I had you until "tulips" 

[Holliday]

I'm afraid if I short it will go back up.  

In this market you make money by doing the opposite of what everyone else is doing.

Disclaimer: This is not advice, just an observation of mine.

[surfer43]

I'm afraid if I short it will go back up.  

In this market you make money by doing the opposite of what everyone else is doing.

Disclaimer: This is not advice, just an observation of mine.

And what is everyone else doing? 

Disclaimer: I will not take this as advice 

[surfer43]

I'm afraid if I short it will go back up.  

In this market you make money by doing the opposite of what everyone else is doing.

Disclaimer: This is not advice, just an observation of mine.

And what is everyone else doing? 

Disclaimer: I will not take this as advice 

facepalm

that is what this poll is for 

[Holliday]

I'm afraid if I short it will go back up.  

In this market you make money by doing the opposite of what everyone else is doing.

Disclaimer: This is not advice, just an observation of mine.

And what is everyone else doing? 

Disclaimer: I will not take this as advice 

Open up your eyes and have a look around!

[Walsoraj]

I'm afraid if I short it will go back up.  

In this market you make money by doing the opposite of what everyone else is doing.

Disclaimer: This is not advice, just an observation of mine.

Generally, that only works if you can predict the future.

[Holliday]

I'm afraid if I short it will go back up.  

In this market you make money by doing the opposite of what everyone else is doing.

Disclaimer: This is not advice, just an observation of mine.

Generally, that only works if you can predict the future.

Generally, that's what speculation is all about.

[Walsoraj]

I'm afraid if I short it will go back up.  

In this market you make money by doing the opposite of what everyone else is doing.

Disclaimer: This is not advice, just an observation of mine.

Generally, that only works if you can predict the future.

Generally, that's what speculation is all about.

Generally, speculation is about making wild guesses. I.e., not knowing of the future.

If you do the opposite of everyone else, most of the time you will lose along with everyone else, usually even faster.

*edit*

Kindly stfu. I am right, you are wrong.

[Holliday]

I'm afraid if I short it will go back up.  

In this market you make money by doing the opposite of what everyone else is doing.

Disclaimer: This is not advice, just an observation of mine.

Generally, that only works if you can predict the future.

Generally, that's what speculation is all about.

Generally, speculation is about making wild guesses. I.e., not knowing of the future.

If you do the opposite of everyone else, most of the time you will lose along with everyone else, usually even faster.

When you see weeks of giant green candles, you should be selling, not buying. When you see weeks of giant red candles, you should be buying, not selling.

If you do that, you are probably going to make money.

[jgray]

Gox is currently in the process of running batch programs to transfer all BTC within there domain outside. They are not currently allowing transactions from a MtGox bitcoin wallet to an external bitcoin address. This is so that users can continue to see false information as to their balances while they pilfer the loot. They will be posting shortly that due to a technical problem beyond their control all is lost. They are currently allowing transfers of BTC between Gox addresses, as those are fake and within their control. They are also allowing currency withdrawals (Yen, Euro, etc.) as those are government backed currencies and stealing those will get you jailed. Disappearing BTC is not new, and not a single person has ever been arrested for pilfering BTC and never will. So where is BTC going, I'll tell you, it is going, going, gone baby, and the MTGox people are already on a plane to someplace nice and warm

[Walsoraj]

You are generalizing from historical data. My point still stands. Your strategy will work until it doesn't and is generally bad advice, unless you are from the future or have inside information.

[Holliday]

You are generalizing from historical data. My point still stands. Your strategy will work until it doesn't and is generally bad advice, unless you are from the future or have inside information.

Every strategy will work until it doesn't and is generally bad advice.

That's why I initially said, "This is not advice".

[Walsoraj]

You are generalizing from historical data. My point still stands. Your strategy will work until it doesn't and is generally bad advice, unless you are from the future or have inside information.

Every strategy will work until it doesn't and is generally bad advice.

That's why I initially said, "This is not advice".

Yes to the first part, but not every strategy is bad advice.

Anyway, I give up on you. You are a stupid, stupid person.

[traderCJ]

Gox is currently in the process of running batch programs to transfer all BTC within there domain outside. They are not currently allowing transactions from a MtGox bitcoin wallet to an external bitcoin address. This is so that users can continue to see false information as to their balances while they pilfer the loot. They will be posting shortly that due to a technical problem beyond their control all is lost. They are currently allowing transfers of BTC between Gox addresses, as those are fake and within their control. They are also allowing currency withdrawals (Yen, Euro, etc.) as those are government backed currencies and stealing those will get you jailed. Disappearing BTC is not new, and not a single person has ever been arrested for pilfering BTC and never will. So where is BTC going, I'll tell you, it is going, going, gone baby, and the MTGox people are already on a plane to someplace nice and warm

In countries where Bitcoin is considered a commodity, its theft most certainly can and will be prosecuted.  Successfully prosecuted is another story.

I think the real question is whether bitcoins can actually be owned.  A private key just gives you access to a particular wallet, and not even exclusive access (for instance, who owns the "password" brain wallet?).

[Hyena]

[surfer43]

all my bitcoins are stuck in blockchain-reaction.com  

please hold the 500 price for me so I can short on margin later