Way to twist what he meant. Here, I'll paraphrase it the way I've been saying it myself more than once in the past:
1) Gox was, and still is, hugely bearish. Trust in crypto lost by "Bitcoin outsiders" is significant.
2) Forumites shrug off gox as "just another exchange that blew up", "should have kept your coins in a paper wallet, hur dur". They are most likely wrong about that.
Where's the contradicton in those two statements?
ya here is the thing.
1. i don't trust bitcoin to my windoze computer locally (somebody hacked my bct-e account once & thank god i got it back)
2. so. right now my few bitcoins are in coinbase with 2fa. if i had enough i would do offline wallet blah blah blah. but i'm less noobish than grandma.
3. everybody says you need to do (list of pain in the ass instructions ... "Install Ubuntu. Don't install anything else. Blah blah blah blah") to keep ur bitcoins safe.
4. well guess what? if it's THAT MUCH OF A PAIN IN THE ASS why in the HELL should I use it or expect it to be the "currency of the future" people say "bitcoin has never been hacked". well u know what? a chain is only as strong as it's weakest link. gox, scammers, hackers, insecure operating systems are freakinly MASSIVE weak links in the bitcoin ecosystem
for those of you who laugh at us who don't want to install ubuntu and print paper wallets and blah blah blah (and u snicker when we lose our money) we don't ever buy anymore bitcoins. so laugh away - but without grandma's money you ain't going to the moon
[snip]
NONETHELESS, there are likely some big enough bull whales (angel whales) that know that they have it within their power to pump BTC to such prices and beyond on their own and possibly with only a little cooperation from the masses... who would start jumping on board if they begin to see considerable and ongoing BTC price appreciation(s).
$341 ... damn.
so what happens around here when there's real despair? like the $30 -> $2 drop back in the day - does it get quite? People no longer in pain since it's such a massive drop? Or people just think it's over?
on the bright side - every drop means fewer irritating people in the btc-e trollbox. probably down to 50% message volume
It is the weekend, will we touch 330 this weekend ? I think we will find about that soon...
I didn't expect it to happen this soon, next target we will break 300 and visit the 2xx for the first time in a year...
my thoughts are once we break that $300 mark, then you will see how panic selling looks like ?
ur actually a voice of reason. what would you classify as "cheap? $200? $99? $50?
bitcoin charts ... what u don't want your penis to look like
did anyone else see that infinity sized sell wall on bitstamp? I saw is on bitcoinity - couldn't find the top zooming out, then it was pulled/disapeared
No. Nobody.
I did actually, but i'm guessing it was a bitcoinity glitch.
No, it's real
unbelievable 30k!
there's a guy who's been tormenting an alt threatening to destroy it that supposedly has that many mining from cpu/gpu days (bitcoinexpress)
I hope that I have more money for cheap coins Grin
It's time to 25x your savings
whenever i see these i know it's not time to
invest gamble yet.
I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator....
Yeah. If you have 30-50k Bitcoins and did never sell (mined or bought in 2010/2011) then it is time to take some profits.
And 300$ is not that bad (compared to 0.05$). The ATH was only 4x higher (and only a short moment). You can still make a shitload of good, old fiat and invest in somewhere else (house, metals, startup firm,...)
I guess there's always that early investor(s) who end up completing the bubble cycle. Because even at these prices, there's still a lot to be gained. And it's not like they have to sell off their entire stash. They can sell off 50% to secure millions and ensure that money, and still keep the other 50% for the long term.
ding ding ding ... some sanity in the house.
what would you do if you woke up with 50,000 bitcoins and your cost average was .50 in this market?
highest price in sept of 2012 was 125
highest price in sept of 2012 was 125
12.5
lol ouch
stamp pushing to 320
330 lol I dunno what to think
Reverse head-and-shoulders pattern forming on the 15m chart, looks good so far.
Not once or twonce we had fake recovers before dropping to the next level. Biggest one was the rise to 450 after announcement of paypal accepting BTC.
I would be very onservative before calling a reversal
+1. I do like this bounce though.
paypal was huge news and it went up like 20 bucks which was hugely scare (should have been a 30% bump)
lol the wall is back. maybe that's bcx cashing out.
