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Started By
Message
re: Can all Bitcoin exchanges just shut down without any explanation like Mt. Gox?
Posted on 2/25/14 at 12:07 pm to TH03
Posted on 2/25/14 at 12:07 pm to TH03
quote:BTC hit a low of $400 last night on BitStamp.
yea from $800ish to $500-$600ish. pretty shitty, but not as bad as I thought since mt gox was pretty damn big.
So, losing 50% of its value is not as bad as you thought it would be? What did you expect?
2
Posted on 2/25/14 at 12:10 pm to Tayday
quote:
I never said you were, but why do you use bitcoins?
Curious to this answer as well.
Posted on 2/25/14 at 12:10 pm to LSURussian
never went under $500 on coinbase.
as big as mt gox was, I was expecting more than 50% honestly.
as big as mt gox was, I was expecting more than 50% honestly.
Posted on 2/25/14 at 12:11 pm to TH03
quote:Why do you ask that?
that's me proclaiming genius status?
I never said you "proclaimed genius status."
I just wrote you claim to be very knowledgeable about bitcoin.
Are you now saying you're not very knowledgeable about bitcoin and if that is what you're now saying, why should anyone put any value into what you say about bitcoin?
Posted on 2/25/14 at 12:11 pm to Tayday
black market purchases.
Posted on 2/25/14 at 12:11 pm to LSURussian
quote:
I just wrote you claim to be very knowledgeable about bitcoin.
I never did, you're inferring a lot from my statement that I know more than you.
Posted on 2/25/14 at 12:11 pm to LSURussian
quote:
BTC hit a low of $400 last night on BitStamp
that is significant. it means most people that bought in in the past year are panicked and selling.
has it bounced back to 600 already? if so, somebody either has extreme confidence in it, or they are manipulating the exchanges.
Posted on 2/25/14 at 12:12 pm to TH03
quote:
black market purchases.
Hmm, can't tell if serious?!
Posted on 2/25/14 at 12:15 pm to Rebel
$511 on bitstamp
$528 on coinbase
$528 on coinbase
Posted on 2/25/14 at 12:15 pm to OnTheBrink
srs
Posted on 2/25/14 at 12:16 pm to TH03
quote:You bitcoinistas need to get together on your stories.
as big as mt gox was, I was expecting more than 50% honestly.
Last night joshnorris14 was preaching on the Money Talk Board that MtGox was small compared to the other bitcoin exchanges so it shutting down was no big deal.
Posted on 2/25/14 at 12:16 pm to Rebel
quote:
haven't read the thread but heard a sound byte that 3 quarters of a million dollars worth of bitcoin came up missing?
It's actually 3/4 of a million bitcoins according to this:
LINK
You can do the math, but even at the crashed MtGOX price of $100 per, thats a good bit to come up "missing" as the link shows. Coinbase is currently at $525 each...yup thats about $400mil
This post was edited on 2/25/14 at 12:17 pm
Posted on 2/25/14 at 12:17 pm to LSURussian
it handled 70% of bitcoin transactions as of April 2013.
Posted on 2/25/14 at 12:20 pm to TH03
quote:
srs
I respect your honesty. I guess that's the reason I just don't find much value in them. I don't travel overseas at all, don't even know what type of things I could find on a black market, hell, recently just found out what a Silk Road is. Just not made for a hick from TN.
On a side note, I wish more of the bitcoin faithful would reveal their true intentions in these threads, as I suspect many of them are only in it for profit, and could give a shite about the cryptology of it all. One thing I always enjoyed about Wiki, he believed in the science behind it all.
Posted on 2/25/14 at 12:21 pm to Rebel
quote:No, low $500's.
has it bounced back to 600 already?
On the Money Talk Board last night I mentioned there was a strange trading pattern occurring on BitStamp where someone was buying and then selling almost the same amount of btc within seconds of each transaction. A few minutes would go by and it would happen again. That went on for about 30 minutes.
Everytime the price would hit $400-$405, they would buy in a big buy order and then sell at $406-408 but gradually selling, not all at one time with one order.
I posted that it appeared to me someone was trying to stabilize the price of btc at $400 by manipulating the market with their relatively large orders.
Posted on 2/25/14 at 12:22 pm to TH03
quote:joshie said that is ancient history compared to yesterday's events.
it handled 70% of bitcoin transactions as of April 2013.
Posted on 2/25/14 at 12:23 pm to TH03
quote:
never went under $500 on coinbase
Coinbase says the low was $418
Nvm coindesk
This post was edited on 2/25/14 at 12:25 pm
Posted on 2/25/14 at 12:25 pm to jeff5891
where are you seeing that?
$518 on the chart I'm looking at
$518 on the chart I'm looking at
This post was edited on 2/25/14 at 12:26 pm
Posted on 2/25/14 at 12:25 pm to LSURussian
am I supposed to answer for someone else's posts now?
Posted on 2/25/14 at 12:26 pm to LSURussian
quote:
I posted that it appeared to me someone was trying to stabilize the price of btc at $400 by manipulating the market with their relatively large orders.
I don't own any and I always find these threads fascinating, but a buddy of mine that's heavy into buttcoins said he noticed the same thing. Someone or multiple people are very scared and trying to manipulate the price.
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