ndnh (OP)
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Merit: 1005
New Decentralized Nuclear Hobbit
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February 25, 2014, 07:00:16 AM |
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MtGox had halted trading and now is offline!! “Gox is the worst-run business in the history of the world” –Roger Ver, bitcoin advocate Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/Prices went down to 420$ as of writing this in other exchanges. Prices are expected to go back to the previous level in a few weeks. Shutting down of MtGox is actually a good news bcoz it always disreputed bitcoin.
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TrailingComet
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February 25, 2014, 08:36:43 AM |
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In the medium to long term, that's absolutely correct
In the short term it is spooking a lot of late adopters with a shallow understanding of the btc protocol
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joeventyra
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February 25, 2014, 09:44:04 AM |
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price will go up again!
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Crypto world is on the way to eruption.
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OrnateRock
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February 25, 2014, 10:01:24 AM |
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price will go up again!
It sure will. MtGox is just a minor setback. Give Bitcoin few weeks and it will be up again.
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vehementchrome
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February 25, 2014, 10:07:21 AM |
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Can it be that finally the negative influence MT gox has over BTC's price has ended with this last, large hit? Seems too good to be true.
I'm confident the price will recover anyway.
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SanderHelgesen.
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February 25, 2014, 10:37:08 AM |
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hi
i have 2.4 bitcoin on gox. will i ever be able to withdraw that?
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p-webcorp
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February 25, 2014, 12:27:12 PM |
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hi
i have 2.4 bitcoin on gox. will i ever be able to withdraw that?
haha, i have also some, but: get over it!
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techstorm2
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February 25, 2014, 12:40:11 PM |
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In the medium to long term, that's absolutely correct
In the short term it is spooking a lot of late adopters with a shallow understanding of the btc protocol
Have you seen fiatleak, if the stats are correct, a tsunami of cheap coins are going to china.
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Dime 7Q3cZtyJemmE8pJsrYgX24mHnkqZX6M6hP BTC 18vbvovBeM5ZTZqR5ZWAy75EXE7qTNipuo Mooncoin 2QgyivUMa7Zun6oPdxeE1yry1aNp5hqrDb LTC Lg3UYGCAe3Tb146PiMqeGNLR7bnjdM447d Doge DPd1XejW8TabJu5gfjyKnuQYQ9Vzw1anXN
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Mythul
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February 25, 2014, 12:41:20 PM |
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Finally this epic saga is coming to and end.
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stg44
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February 25, 2014, 01:26:34 PM |
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its good new for btc, it will rise, and it isnt good news for mtgox users, and what happen with all btc from gox?
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gomados
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February 25, 2014, 03:21:39 PM |
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dont think so....
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moriartypants
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February 25, 2014, 03:32:26 PM |
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Sorry GOXers. You have my sympathy.
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h@shKraker
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February 25, 2014, 03:50:56 PM |
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Over my short BitCoing experience I've learned a couple of things. I'll share a couple of my most basic Axioms here. So sayeth the H@shKraker .... ->
BIG BAD AXIOM numeral uno :: DON'T F^CK!NG use GOX, DON'T F^CK!NG use GOX, DON'T F^CK!NG use GOX, DON'T F^CK!NG use GOX, DON'T F^CK!NG use GOX .... EVER!!!!!!
If you happen to have buddies that do or plan to please, please, please steer them clear. Here are some other axioms I use ->
1) Keep primary wallet in an off line, non-internets connected safe place. I have a dedicated desktop just for this purpose that ONLY does wallet stuff and *NEVER* sees Pr0n. 2) Encrypt wallet mentioned above. 3) Only do transactions once daily from said wallet to capture one's mining activity and/or commerce activity (payments received, payments sent). This means said machine only connects to the internets once daily and never at the same time. All other times ofthe day said machine is air-gapped from the internets. 4) Backup said wallet to a thumb drive in case said pristine machine takes a dump and rolls over. This way you can build another pristine machine and move your backed up wallet.dat to the new place. 5) Only use a reputable exchange to convert from BTC to Fiat of your choice. Oh yea .... DON'T F^CK!NG use GOX. I use CoinBase but there are others that work well too. 6) DO NOT keep a pile of coins at the exchange. Keep your coin pile in your wallet that is air-gapped, encrypted and backed up. Exchanges are WONDERFUL centralized targets for hacks .... oh yea .... DON'T F^CK!NG use GOX.
I have other axioms but these are ones that might help out other coiners. Cheers.
H@shKraker
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Tips/Payments: 1HaZvsUjJpcAf76QWg7Muu4mnWRWCrRNMs
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bitbouillion
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February 25, 2014, 05:07:06 PM |
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7) use a decent open source OS, use a dedicated user for the wallet software on an encrypted user partition, do not run other apps on this user
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p-webcorp
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February 25, 2014, 05:48:16 PM |
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8/ do NOT use any google-facebook-yahoo service, +privacy
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h@shKraker
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February 25, 2014, 07:46:30 PM |
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True dat brethren!
-H
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Tips/Payments: 1HaZvsUjJpcAf76QWg7Muu4mnWRWCrRNMs
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_wayfarer_
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Software Engineer
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February 25, 2014, 08:24:45 PM |
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Finally, certainty in the market Here's their updated message on the home page, instead of just the blank white page: Dear MtGox Customers,
In light of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.
Best regards, MtGox Team
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Try my free BTC price alerts | In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497 - Warren Buffet
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Kaligulax
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February 25, 2014, 08:32:12 PM |
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MtGox had halted trading and now is offline!! “Gox is the worst-run business in the history of the world” –Roger Ver, bitcoin advocate Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/Prices went down to 420$ as of writing this in other exchanges. Prices are expected to go back to the previous level in a few weeks. Shutting down of MtGox is actually a good news bcoz it always disreputed bitcoin. that is all true... like I wrote this... price will go up again in few months... up and over 1200
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1FxCUCAij9FT9fXQSqYHHMiaELhRTAhui6
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invisiblehand
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February 25, 2014, 10:12:01 PM |
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Gox sucks, I'm glad it's down I hope to not hear about their antics anymore. I set up an account there many months ago and quickly moved any coins off once I saw how difficult it was to get money out. This is good for a buying opportunity but I wish I had more fiat on hand to buy with.
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jonbit
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February 25, 2014, 11:26:09 PM |
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Oh Great, Bye bye millions why not take my wife and kids while your at it!
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