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re: Major glitch in Bitcoin network sparks sell-off
Posted on 3/12/13 at 5:36 pm to lsu_tiger_az
Posted on 3/12/13 at 5:36 pm to lsu_tiger_az
quote:
I just short sold some Bitcoins.
Sweet! Which site did you use to do it?
I hear iCBIT is pretty good for short selling.
2
Posted on 3/12/13 at 5:47 pm to WikiTiger
quote:
Sweet! Which site did you use to do it?
I hear iCBIT is pretty good for short selling.
CampBX....
Posted on 3/12/13 at 5:49 pm to Broke
quote:what the frick other reason do you think we post in these threads lol
Can we come back in a year or so and say "I told you so"?
Posted on 3/12/13 at 5:55 pm to WikiTiger
quote:
I don't know why he thinks one more year is significant.
"Year or so" Having trouble reading?
In its 5 years of existence (according to you) how many crashes has bitcoins had? I know of three, four if you count the one last night.
Have there been more than that?
Posted on 3/12/13 at 6:04 pm to LSURussian
quote:
I know of three, four if you count the one last night.
Have there been more than that?
Should I buy them back now...
Posted on 3/12/13 at 6:07 pm to WikiTiger
quote:you realize, as bitcoin becomes more widely known, and especially as options trading sites become more reliable, it's inevitably going to attract these people called "real criminals" - as opposed to the majority of it's current following, which is comprised of faux libertarian hacker wannabes and computer nerds. and eventually, one of them will see the opportunity for the easiest heist of all time. Somebody who "knows people" gets wind of an early adopter or someone with a serious mining rig, who they know to be sitting on a big stash of BTC. They steal it right? no, that would be dumb. instead, they short the frick out of bitcoin, just go over to his house, stick a gun to his head, and say, "sell all of your bitcoin." Profit. Then just leave. they dont even need to kill him. in fact, it would be a lot smarter to do nothing to him, since there would be zero evidence of anything that just took place.
I hear iCBIT is pretty good for short selling.
since there would no announcement of a security breach or any other of the "fluke" crashes that have occurred, there would be no "reset" of any kind by the exchanges, and with the trading volume what it is, it really wouldnt take that much BTC to trigger panic and a massive selloff. it would be the perfect crime. no possible recourse for anyone involved whatsoever, and no evidence
This post was edited on 3/12/13 at 6:10 pm
Posted on 3/12/13 at 6:10 pm to el duderino III
quote:
you realize, as bitcoin becomes more widely known, and especially as options trading sites become more reliable, it's inevitably going to attract these people called "real criminals" - as opposed to the majority of it's current following, which is comprised of faux libertarian hacker wannabes and computer nerds. and eventually, one of them will see the opportunity for the easiest heist of all time. Somebody who "knows people" gets wind of an early adopter or someone with a serious mining rig, who they know to be sitting on a big stash of BTC. They steal it right? no, that would be dumb. instead, they short the frick out of bitcoin, just go over to his house, stick a gun to his head, and say, "sell all of your bitcoin." Profit. Then just leave. they dont even need to kill him. in fact, it would be a lot smarter to do nothing to him, since there would be zero evidence of anything that just took place.
since there would no announcement of a security breach or any other of the "fluke" crashes that have occurred, there would be no "reset" of any kind by the exchanges, and with the trading volume what it is, it really wouldnt take that much BTC to trigger panic and a massive selloff. it would be the perfect crime. no possible recourse for anyone involved whatsoever, and no evidence
I'll be on pins and needles.
Posted on 3/12/13 at 6:15 pm to lsu_tiger_az
quote:If you're short, you're good. Just be sure to buy them back before there are no more sellers to buy from.
Should I buy them back now...
Posted on 3/12/13 at 6:38 pm to WikiTiger
you might be accumulating more pending future "i told you so's" than joshuachamberlain
Posted on 3/12/13 at 6:40 pm to lsu_tiger_az
quote:and i actually wouldn't be short right now. i think this thing likely has quite a ways to go before it pops. the vast majority of people have still never heard of bitcoin, and i wouldnt be betting against people's greed just yet.
Should I buy them back now...
Posted on 3/12/13 at 7:04 pm to el duderino III
quote:
and i actually wouldn't be short right now. i think this thing likely has quite a ways to go before it pops. the vast majority of people have still never heard of bitcoin, and i wouldnt be betting against people's greed just yet.
Looking at the "trend", BTC seems to periodically rise dramatically, and then fall quickly. If that trend holds, it looks like a great opportunity...
Posted on 3/12/13 at 7:39 pm to el duderino III
quote:
you might be accumulating more pending future "i told you so's" than joshuachamberlain
What is this Joshua's claim to fame?
Posted on 3/12/13 at 8:02 pm to rickgrimes
Romney had the election in the bag, right?
Posted on 3/12/13 at 8:32 pm to TigerDeBaiter
I think that's right... Worked for one of the major networks so he had "sources"... I try not to venture to the poli board often...
Posted on 3/12/13 at 10:02 pm to OnTheBrink
although I find the cryptography interesting, I fail to see the advantage of replacing one fiat currency for another.
in fact, cash allows for anonymity quite easily.
in fact, cash allows for anonymity quite easily.
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