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Message
re: Goxpocalypse Part Deux
Posted on 4/11/13 at 11:20 pm to joshnorris14
Posted on 4/11/13 at 11:20 pm to joshnorris14
quote:
19,840 BTC
7,900 BTC
11,917.73630423 BTC
7,900 BTC
7,900 BTC
7,850 BTC
7,900 BTC
Somebody, probably a college kid, just made a bunch of money.
1
Posted on 4/11/13 at 11:21 pm to Asgard Device
quote:
Somebody, probably a college kid, just made a bunch of money.
I have a sneaking suspicion that once this DDoS is over the price is going to plummet.
Posted on 4/11/13 at 11:24 pm to joshnorris14
Something is happening and its with $10's of millions of bitcoin whatever it is.
Posted on 4/11/13 at 11:25 pm to joshnorris14
The real beauty of bitcoin is there are no lawyers, courts or SEC to get involved with this market manipulation, our rugged individualists opposed to orgnized society that are getting fricked can just grin and bare it.
Posted on 4/11/13 at 11:27 pm to CarrolltonTiger
quote:
The real beauty of bitcoin is there are no lawyers, courts or SEC to get involved with this market manipulation, our rugged individualists opposed to orgnized society that are getting fricked can just grin and bare it.
I agree, instead of top down, meddling, red taped bureaucracy there are going to be actual innovative fixes that will be attempted.
Posted on 4/11/13 at 11:28 pm to joshnorris14
quote:
I agree, instead of top down, meddling, red taped bureaucracy there are going to be actual innovative fixes that will be attempted.
You going to buy another bitcoin after it gets straightened out by the masses?
Posted on 4/11/13 at 11:30 pm to joshnorris14
quote:
19,840 BTC 7,900 BTC 11,917.73630423 BTC 7,900 BTC 7,900 BTC 7,850 BTC 7,900 BTC
Major FinCEN pings right here
Maybe Mstant1 can chime in on this
Posted on 4/11/13 at 11:30 pm to joshnorris14
quote:Such as the innovative fix MtGox did today for 10 hours? How'd that work out?
there are going to be actual innovative fixes that will be attempted.
Posted on 4/11/13 at 11:30 pm to CarrolltonTiger
quote:
You going to buy another bitcoin after it gets straightened out by the masses?
We'll see what happens tonight, but I'm pretty sure I'll be buying in the next few hours if Mt. Gox is able to fend off the DDoS.
Posted on 4/11/13 at 11:31 pm to Decatur
So are we basically watching a pump and dump in real time or is there a possible "reasonable" explanation for what is going on?
Posted on 4/11/13 at 11:31 pm to LSURussian
quote:
Such as the innovative fix MtGox did today for 10 hours?
You know damned well that failure is a signal to the market.
At this point, so much confidence has been lost in Mt. Gox that something is going to change.
Posted on 4/11/13 at 11:33 pm to Walking the Earth
quote:
So are we basically watching a pump and dump in real time or is there a possible "reasonable" explanation for what is going on?
The reasoning is that these DDoS attacks send off panic sells in the market. The price rebounded so quick off of $60 lows on Mt. Gox that is happened again after the sell offs
Posted on 4/11/13 at 11:34 pm to joshnorris14
Do you use MtGox to buy btc or someone else?
Posted on 4/11/13 at 11:35 pm to CarrolltonTiger
quote:
The real beauty of bitcoin is there are no lawyers, courts or SEC to get involved with this market manipulation, our rugged individualists opposed to orgnized society that are getting fricked can just grin and bare it.
Oh, the SEC will eventually get involved with the exchanges. All it takes is for one dumbass on Wall Street to get burned with other peoples' money.
Posted on 4/11/13 at 11:36 pm to LSURussian
quote:
Do you use MtGox to buy btc or someone else?
I've only used Mt. Gox. I was going to use coinbase tonight but they haven't verified my account yet.
Posted on 4/11/13 at 11:38 pm to joshnorris14
quote:If recent history is any guide, the people making the fixes aren't nearly as clever as the people who will manipulate the system.
I agree, instead of top down, meddling, red taped bureaucracy there are going to be actual innovative fixes that will be attempted.
Posted on 4/11/13 at 11:40 pm to joshnorris14
Someone on the btc-e message board just said Silk Road just "cashed out" its btc holdings. Could that be those millions of $$$ you saw traded a few minutes ago?
Posted on 4/11/13 at 11:41 pm to Poodlebrain
quote:
If recent history is any guide, the people making the fixes aren't nearly as clever as the people who will manipulate the system.
If history is any guide, the people making the fixes weren't ever the market.
Posted on 4/11/13 at 11:42 pm to LSURussian
quote:
Someone on the btc-e message board just said Silk Road just "cashed out" its btc holdings. Could that be those millions of $$$ you saw traded a few minutes ago?
I saw a similar post, but I took it as just an off hand comment. It's certainly plausible.
Posted on 4/11/13 at 11:42 pm to joshnorris14
quote:
the people making the fixes weren't ever the market
Say what?
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