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ChuckBuck (OP)
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March 03, 2014, 03:40:30 PM |
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I'm probably speaking too soon, but I love the signs!  Not even Warren Buffett denouncing Bitcoin as a currency can get me down.  |
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farlack
Legendary
 Offline
Activity: 1310
Merit: 1000
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March 03, 2014, 03:42:08 PM |
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Well you have to think 800k coins were stolen meaning demand just went up, and the coins keeping the prices where they are are still on those exchanges.
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jcoin200
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March 03, 2014, 03:59:30 PM |
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Considering all the other exchanges "crashed" to about $500-600 levels, I'd say that is a sign of the strength of BTC. But I dont think 800k coins being stolen is raising demand. They will eventually make their way back into circulation, unless you think the thieves were stealing them to specifically take them out of circulation.
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whtchocla7e
Full Member
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Activity: 392
Merit: 116
Worlds Simplest Cryptocurrency Wallet
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March 03, 2014, 04:02:40 PM |
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Survived as a collective but the individual sacrifices were great.
The people who gambled and lost knew the risks. They'll come back stronger.
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theecoinomist
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March 03, 2014, 04:12:02 PM |
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I still baffles my mind how people in their right mind would dare to store that much on an exchange..
The first thing I learned in bitcoin after 30 minutes of researching was to store your own coins offline.
To store them online just wasn't enough, I mean if you just insisted to store your coins online, you could choose bitstamp/blockchain, even btc-e.. But an exchange with $5m seized by DHS, $50m class action lawsuit AND 22 months withdrawal time..
How is that not screaming red flags?
People are stupid.
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farlack
Legendary
Offline
Activity: 1310
Merit: 1000
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March 03, 2014, 04:16:42 PM |
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Considering all the other exchanges "crashed" to about $500-600 levels, I'd say that is a sign of the strength of BTC. But I dont think 800k coins being stolen is raising demand. They will eventually make their way back into circulation, unless you think the thieves were stealing them to specifically take them out of circulation.
Not to take them out, but that much money you would not want to spend them for a while, a lot of moving around would be smart. 480 million, spending 5 million spinning and hiding its trace would be smart. |
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farlack
Legendary
Offline
Activity: 1310
Merit: 1000
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March 03, 2014, 04:17:23 PM |
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I still baffles my mind how people in their right mind would dare to store that much on an exchange..
The first thing I learned in bitcoin after 30 minutes of researching was to store your own coins offline.
To store them online just wasn't enough, I mean if you just insisted to store your coins online, you could choose bitstamp/blockchain, even btc-e.. But an exchange with $5m seized by DHS, $50m class action lawsuit AND 22 months withdrawal time..
How is that not screaming red flags?
People are stupid.
You have to think they were not all just storing their coins, they were buying low, selling high, rinse and repeat. |
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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March 03, 2014, 04:49:26 PM
Last edit: March 04, 2014, 01:03:29 PM by BadBear |
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they were buying low, selling high
I guess they're selling real low now |
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rohnearner
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March 03, 2014, 04:57:25 PM |
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I was expecting btc to cross 600$ mark after weekend and guess what it did now i'm expecting it to cross 650$ mark by the end of this week or maybe on next Monday lets see.!
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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March 03, 2014, 04:58:38 PM |
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surviving to what ?  |
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farlack
Legendary
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Activity: 1310
Merit: 1000
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March 03, 2014, 04:59:44 PM |
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I was expecting btc to cross 600$ mark after weekend and guess what it did now i'm expecting it to cross 650$ mark by the end of this week or maybe on next Monday lets see.!
You should check out my signature, you may enjoy futures trading  |
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Timo Y
Legendary
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Activity: 938
Merit: 1001
bitcoin - the aerogel of money
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March 03, 2014, 06:28:20 PM |
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Hardly. Once goxxed, always goxxed.
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igorr
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March 03, 2014, 06:29:39 PM |
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I think,
Fake price, fake buy, fake wall
Everything is the same as the MtGox, thereafter Bitstamp will disappear !
History repeats itself
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Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3015
Welt Am Draht
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March 03, 2014, 06:34:38 PM |
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It's still early days. It's been more resilient than I expected.
There may be some creepy revelations left. I guess the key is finding out if and when all the hundreds of thousands of coins went missing.
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ChuckBuck (OP)
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March 03, 2014, 06:39:37 PM |
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I think,
Fake price, fake buy, fake wall
Everything is the same as the MtGox, thereafter Bitstamp will disappear !
History repeats itself
Give it a rest Igorr, your FUD threads backfired. Hope you're long now, if you're still short I feel bad for you right now. |
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LostDutchman
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March 04, 2014, 05:12:20 AM |
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I'm probably speaking too soon, but I love the signs! Not even Warren Buffett denouncing Bitcoin as a currency can get me down. I checked my pulse, looked in the mirror and saw myself, checked my blood pressure and petted the dog who responded, so I am fairly certain that I have survived. My $.02.  |
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cloverleaf
Newbie
Offline
Activity: 37
Merit: 0
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March 04, 2014, 06:30:39 AM |
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we survived and bitcoin can only move forward from here |
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rohnearner
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March 04, 2014, 06:54:37 AM |
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we survived and bitcoin can only move forward from here We all hope so too..! It is in between 650$-700$ today.. and maybe will touch 800$ mark on next monday..! We survived the gox and i'm sure this community will see many such hurdles in upcoming years , we can just hope btc will survive all of them and will emerge Victorious. Lets just walk along with btc and see where this thrilling journey head towards. being an optimistic I can only hope for the best, This community is strong and Have faith in it. |
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rohnearner
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March 04, 2014, 06:56:59 AM |
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I'm probably speaking too soon, but I love the signs! Not even Warren Buffett denouncing Bitcoin as a currency can get me down. I checked my pulse, looked in the mirror and saw myself, checked my blood pressure and petted the dog who responded, so I am fairly certain that I have survived. My $.02. Just out of curiosity what is My $.02 in most of your post is it some kind of signature . Or something else..? |
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hammo
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March 04, 2014, 07:05:50 AM |
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I'm probably speaking too soon, but I love the signs! Not even Warren Buffett denouncing Bitcoin as a currency can get me down. I checked my pulse, looked in the mirror and saw myself, checked my blood pressure and petted the dog who responded, so I am fairly certain that I have survived. My $.02. Just out of curiosity what is My $.02 in most of your post is it some kind of signature . Or something else..? Errr every heard of the phrase 'my two cents worth' |
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