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seafarer124 (OP)
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February 16, 2014, 03:25:47 AM |
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If people continue trading, all they are doing is making them richer with FEES.
STOP trading until you know the outcome, you may lose the lot or you could be lucky, just don't throw good money after bad.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Barek
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February 16, 2014, 03:33:57 AM |
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Well, the outcome is fairly clear. That's why the order book is so thin in that area.
All you see now is speculators trying to outspeculate each other. Or <insert your conspiracy theory here>.
In any case, the other exchanges do not seem to be influenced much by it.
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AceOfWands
Newbie
 Offline
Activity: 9
Merit: 0
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February 16, 2014, 03:37:48 AM |
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Well, the outcome is fairly clear. That's why the order book is so thin in that area.
All you see now is speculators trying to outspeculate each other. Or <insert your conspiracy theory here>.
Conspiracy theory: The trades are making massive bitcoins for the multi-username coordinated bot that is fleecing the regular folks who are dropping bitcoins out of the trees right now, still at low price compared to market. That coordinated bot is stacking the order book and running weird buys. The sellers are regular folks giving up their bitcoins. This is an attack on the exchange, but somehow isn't being stopped by gox or authorities... one guess who the conspiracy theory points to as attacker. |
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Barek
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February 16, 2014, 03:50:45 AM |
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Conspiracy theory: The trades are making massive bitcoins for the multi-username coordinated bot that is fleecing the regular folks who are dropping bitcoins out of the trees right now, still at low price compared to market.
That coordinated bot is stacking the order book and running weird buys. The sellers are regular folks giving up their bitcoins. This is an attack on the exchange, but somehow isn't being stopped by gox or authorities... one guess who the conspiracy theory points to as attacker.
I was actually also thinking along those lines. Oh, and it looks like MoneyPolo/OKPay are disabled. How is that for some conspiracy fuel? |
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bananas
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February 16, 2014, 06:54:35 AM |
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The whole thing is getting very strange to me:
- MtGox does not suspend trading.
- Traders are just making the situation worse for themselves with the massive selling . ( Volume right now: Vol:77379 BTC )
- Other exchanges are not being affected by MtGox.
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Sage
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February 16, 2014, 07:36:13 AM |
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There's a hell of a lot of money being made/to be made by the insiders.
Thank God we have decentralized exchanges in the pipes where these kinds of shenanigans cannot happen.
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Lethn
Legendary
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Activity: 1540
Merit: 1000
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February 16, 2014, 07:49:56 AM |
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Unfortunately people are still in denial and think they'll get their money back, you can bet one of the reasons MTGOX doesn't allow withdrawals is that everybody and I mean everybody will take their money back and the exchange will crash and burn so you can bet if they even bother putting withdrawals up there will be a lot of limitations like how many Bitcoins you can withdraw in a day.
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16214
Newbie
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Activity: 28
Merit: 0
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February 16, 2014, 07:59:22 AM |
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if this continues, like $1 can buy 1 btc on GOX. Just whether you actually get anything is a different matter!!!!!
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BitCoinDream
Legendary
Offline
Activity: 2324
Merit: 1204
The revolution will be digital
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February 16, 2014, 08:58:57 AM |
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Sage
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February 16, 2014, 02:43:09 PM |
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If you have money in Gox you'd be an idiot not to buy Bitcoin at its current $245 mark or lower.
If gox is insolvent you aint getting fiat or coins. But if they are solvent you got a hell of a deal on Bitcoins.
This one is a no brainer. Buy bitcoins.
I can't imagine why anyone is selling on Gox right now.
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