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Lloydie (OP)
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February 26, 2014, 01:42:53 AM
Last edit: February 26, 2014, 08:27:34 AM by Lloydie |
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Very sad what happened at Gox. Can't believe Karpeles thinks he can continue with rebranding - so out of touch with reality.
Regardless, as I watch btc prices recover from $430 to $500 and now to $550 - I feel the worse is behind us.
Gox is bust. They have no coins to make good as Karpeles has confirmed a deficit of 700k plus coins via IRC.
This feels like a new rocketship to me. I don't mean to make light of what has happened and to spread unnecessary optimism.
I'm just stating that the market is forward looking - and right now, the future looks pretty good.
BTW - number one lesson of Gox: stay away from exchanges that do not provide segregated verifiable accounts. Especially BTC-E - whose creators are ANONYMOUS. You will have zero recourse if BTC-E collapses. Keep the bulk of funds in your own wallet.
Exchanges need to be more transparent: allow users to switch between segregated versus pooled wallet. Re: pooled wallet - exchanges should report total funds held on behalf of customers and reserves to back those liabilities on the blockchain itself. Weekly or monthly signing of the public address would also be good.
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fallinglantern
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February 26, 2014, 02:30:23 AM |
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The albatross has been thrown down. CCMF!
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meanig
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February 26, 2014, 02:32:16 AM |
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Until we get the full story about what's happened with gox there will be plenty of bumps and panics ahead.
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MatTheCat
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February 26, 2014, 02:33:29 AM |
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LOL! Willkommen in der Schlachterei Verdammnte Opfer!  (meanig nicht inbegriffen) |
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Alley
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February 26, 2014, 02:42:44 AM |
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People are buying thats for sure.
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MatTheCat
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February 26, 2014, 02:45:22 AM |
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People are buying thats for sure.
Yeah...Like fucking crazy for the past 24 hours with the lionshare of the buy-ins being at much lower price ranges than we are now in........ ......wHaT cAn PoSsIbLy HaPpEn Next? |
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Peter R
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February 26, 2014, 02:46:49 AM |
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......wHaT cAn PoSsIbLy HaPpEn Next?
This is bitcoin. Anything is possible. |
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MatTheCat
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February 26, 2014, 02:47:58 AM |
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This is bitcoin. Anything is possible.
Just you keep on believing dude! |
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Peter R
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February 26, 2014, 02:48:43 AM |
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This is bitcoin. Anything is possible.
Just you keep on believing dude! What, keep on believing that the price could go either up or down and no one really knows for sure? I think I will. |
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cbeast
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Let's talk governance, lipstick, and pigs.
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February 26, 2014, 02:52:40 AM |
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BTC-E - whose creators are ANONYMOUS. You will have zero recourse if BTC-E collapses. Keep the bulk of funds in your own wallet.
http://imgur.com/5Qmrwy2 |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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MatTheCat
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February 26, 2014, 03:10:33 AM |
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What, keep on believing that the price could go either up or down and no one really knows for sure? I think I will.
$580-$590 tops before a strong retrace! Bet ya I am right. |
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Lloydie (OP)
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February 26, 2014, 03:14:54 AM |
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Until we get the full story about what's happened with gox there will be plenty of bumps and panics ahead.
I speculate that the next big story will be what happened to MtGox's bitcoin reserves. They cannot have disappeared into thin air. I speculate that management went into "damage control" once they realised their outstanding claims to off blockchain btcs amounted to 750k btcs. MtGox's reserves will have to pop up at some stage. |
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Peter R
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February 26, 2014, 03:22:59 AM |
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$580-$590 tops before a strong retrace!
Bet ya I am right.
I actually agree that this is the more likely scenario--I'll say 60% chance you are right and there's a retrace soon. But what I've learned from bitcoin is that sometimes it just keeps going up and up and up, and a week later the price has tripled. These are low probability events, and I don't expect one to occur this week, but the point is I never really expect them to occur but all of a sudden they do. Never sell all your bitcoins. |
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Lloydie (OP)
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February 26, 2014, 03:33:26 AM |
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A bunch of Chinese investors triggered buys when btcs dropped to $450, hence why we saw them gobbling coins over the last few hours.
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smoothie
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LEALANA Bitcoin Grim Reaper
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February 26, 2014, 03:42:09 AM |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
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chesthing
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February 26, 2014, 04:05:34 AM |
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I don't think it's that easy. The US gov is going to say "wait a minute" and take a good long look at this. Stay tuned, things will get interesting, I see very cheap coins in the future. |
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smoothie
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LEALANA Bitcoin Grim Reaper
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February 26, 2014, 04:11:38 AM |
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I don't think it's that easy. The US gov is going to say "wait a minute" and take a good long look at this. Stay tuned, things will get interesting, I see very cheap coins in the future. Okay go sell and hope for lower prices. No one said price would go high really fast....growth takes time. I predict a new ATH by end of July 2014. |
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²²²
███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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Lloydie (OP)
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February 26, 2014, 04:25:51 AM |
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BTC-E - whose creators are ANONYMOUS. You will have zero recourse if BTC-E collapses. Keep the bulk of funds in your own wallet.
http://imgur.com/5Qmrwy2Those look like gold grapes!!! |
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chesthing
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February 26, 2014, 04:39:24 AM |
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I don't think it's that easy. The US gov is going to say "wait a minute" and take a good long look at this. Stay tuned, things will get interesting, I see very cheap coins in the future. Okay go sell and hope for lower prices. No one said price would go high really fast....growth takes time. I predict a new ATH by end of July 2014. I'm not selling anything, I only have a few coins anyway. I'm still waiting for cheap coins, then I will buy in. |
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Lloydie (OP)
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February 26, 2014, 08:26:06 AM |
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3, 2, 1 - blaaaaast off!
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