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Author Topic: And the Downfall continues  (Read 4432 times)
donate2me (OP)
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February 13, 2014, 08:07:07 AM
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Panic selling continues.....GOX is about to fall below 500 next stop....100
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c0dex
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February 13, 2014, 08:10:16 AM
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How are you figuring it goes from $500 to $100? Or are you just guessing the same thing that happened on btc-e the other day will happen again?

donate2me (OP)
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February 13, 2014, 08:22:13 AM
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Look at the daily chart of all the bitcoin exchanges.......Notice a trend?  Not to mention, who knows how many bitcoins were stolen from the exchanges...NO ONE DOES.  Im all for bitcoin, 100%.  But there is alot of skepticism with no answers.  Why are there no answers?  Because "Satoshi Nakamoto" created bitcoin.  There for its upon the shady exchanges to give the public detail about whats going on.  Remember your digital currency is in their wallets, and how many of your coins did the exchanges double send to hackers of the bitcoin network?  Who knows how many are gone to never be given back to the original person that deposited them?  Lets see what happens when you can actually pull you coins out of BTC-e, Gox, And BitStamp.  Im a buyer at 100.  Once this is all straighten out, im sure it will go back up, but until then, I hope i can buy cheap.
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February 13, 2014, 08:31:17 AM
 #4

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.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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February 13, 2014, 08:36:27 AM
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and yet there was me ignoring mtgox, and so were the main price ticker sites ignoring gox,

because the smart people know gox is dead and not to rely on it for true value pricing...

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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February 13, 2014, 08:37:58 AM
 #6

BTC isn't going to drop to $100. It's holding steady at $650. Sure it might drop sub-500 over the weekend but I feel that's it until it starts going back up. So long story short, buy buy buy in the 500's  Grin

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February 13, 2014, 08:38:22 AM
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who cares about price of btc on gox?

bryant.coleman
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February 13, 2014, 08:42:11 AM
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Prices are stabilizing in BTC-E and Bitstamp. Soon they will go back to the $1,000 level.
donate2me (OP)
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February 13, 2014, 08:44:38 AM
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b/c like it or not, gox has 1000's of real bitcoins, that users cannot cash out.  Well for cash they can but not coins.  ANyways Mt.Gox made bitcoin to where it is today as an exchange.  They do the most volume of trades per day.  And like it or not, the other exchanges will follow.  They are the Nasdaq of the bitcoin world.  Imagine if NASDAQ said you cannot sell your stocks because there is a problem with our system.......Matter of fact.....Here we go..490.....480
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February 13, 2014, 09:13:53 AM
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Prices are stabilizing in BTC-E and Bitstamp. Soon they will go back to the $1,000 level.

those sites are being attacked - hard to make a trade

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February 13, 2014, 09:21:20 AM
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Prices are stabilizing in BTC-E and Bitstamp. Soon they will go back to the $1,000 level.

those sites are being attacked - hard to make a trade

Don't these a$$holes have anything better to do?

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February 13, 2014, 10:21:09 AM
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Look at the daily chart of all the bitcoin exchanges.......Notice a trend?  Not to mention, who knows how many bitcoins were stolen from the exchanges...NO ONE DOES.

Stop with the FUD, please. Read this forum to learn about the malleability problem and thus understand that comparatively few bitcoins could have been stolen in that manner because of the manual nature of the fraud.

MtGox obviously had greater problems before this malleability issue and subsequent DDoS, of course.

If you truly believe what you post, then I suggest that you:

  • Remove the donation address from your footer, and;
  • Panic sell all your coins at a nice low price.
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February 13, 2014, 10:39:26 AM
 #13

If we're lucky, the fudsters can scare the price down one more time to pick up cheap coins. Boy, it would be expensive if we had to pay them.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 13, 2014, 10:48:33 AM
 #14

No real downfall. Bitcoin is made to be a medium of exchange, something like money in some ways. Once we get all thse "investors" out of the picture, maybe Bitcoin will settle down and do what it was meant to do.

Smiley

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February 13, 2014, 11:06:00 AM
 #15

I just sold some BTC on localbitcoins for $20-$30 more than the Gox/Bitstamp price. Weird, considering that I was taking liquidity.
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February 13, 2014, 11:21:07 AM
 #16

Panic selling continues.....GOX is about to fall below 500 next stop....100

... "donate2me" says while having a donate link in his footer. Lol

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February 13, 2014, 11:34:45 AM
 #17

I've started buying at $501.  The tech issue will eventually be fixed and the price will rocket.  Anyone selling today is a fool.
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February 13, 2014, 11:36:56 AM
 #18

Just save up some of your pocket money, wait and stock up... according to you, you'll pick them up for 100 bucks real soon  Grin

Decentralize EVERYTHING!
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February 13, 2014, 12:05:17 PM
 #19

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
yatsey87
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February 13, 2014, 12:06:48 PM
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Username: donate2me *sighs*. These Fud threads should just be locked on sight.
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