We are doomed.
Why are you so optimistic saying it will be 100 USD? According to my higjly accurate calculations it will drop at least to under 3 USD within a month.
This is perhaps the most resilient currency that has ever existed, lol. Lets put this in to perspective.
- Apple bans Bitcoin Apps
- Chinese and Russian state ban
- BTC is painted with the same brush as black market drug dealers through silk road
- Bitcoin is red taped
- MT Gox - The Bitcoin equivalent of Wall Street suspends trading
- Transaction malleability announced
- DDoS attacks
And here we are Thursday 13th of February 2014 12:05pm and 1 Bitcoin = $655.8
er you may have a point.i've made my 41 btc on mining with an oct juptier knc 555gh...so i'm probably good for ROI at $173.94 btc or above
my question is if i gamble long term....and buy some btc on mtgox for the stupid low rate and really don't care if it takes 6 weeks to xfer it someplace else or whatever
assuming my premise above that this is a panic and tech issues will be fixed etc
is this a plan ?
OR does
www.mtgox.com take 2 weeks as i've heard to take a wire xfer and then you get the BTC at that price..not the price when you made the buy
or again this is dumb cause mtgox is gonna go belly up and i'd lose my $$$
again noob on trading ...all my funds so far are mining looking at this as a panic long term hold ...after any purchases i make
anyway muck me up on the logic of any of this or the wisdom of buying low on mtgox....(assuming with DDOS attacks that is even possible on any exchange)
thanks for the help in advance
Searing
Unless your wealth is in Gox I wouldn't gamble with them.
If it is in Gox, I would be progressively buying in through the dip... budget yourself to buy in progressively all the way down to $100. Stick to your plan. Whether it's getting your fiat out or your coins out likely doesn't matter if they are insolvent. If they are solvent, then you got some hella deals on Bitcoins. Better to get cheap Bitcoins then stale fiat.
If it's not in Gox, then take advantage of Gox's ineptitude.
Gox is pulling the whole market down. Split your wealth among a few exchanges. Set orders to buy in all the way down to $100 progressively buying in at greater rates as the price falls.
Stick to your plan and short of a total system collapse you will not lose.
The lemmings are selling. Smart money is buying. There is nothing fundamentally wrong with Bitcoin.
More will be made because of this fall then likely any other time in the next 18-24 months.
thanks ...just have to get some $$$ into bitstamp i guess then see if this drama continues...i heard that bitstamp a wire xfer is a couple days (in usa)
so....see how it goes
thanks for the advice ...it looks like panic selling to me ...i again (could be wrong) assuming the technical issues will get fixed and that the exchange problems as
well and then there will be a bounce up
of course what do i know
good to have goals
Searing
