hipbabboom
Huh? What did I say? Did I screw up again? :(
Can't we just get the RSA master key that EMC gave the NSA and mine the wayback machine?
On 17 February 2014, with all Mt. Gox withdrawals still halted and competing exchanges back in full operation, the company published another press release indicating the steps they claim they are taking to address security issues. In an email interview with the Wall Street Journal, CEO Mark Karpeles refused to comment on increasing concerns among customers about the financial status of the exchange, did not give a definite date on which withdrawals would be resumed, and wrote that the exchange would impose "new daily and monthly limits" on withdrawals if and when they were resumed. A poll of 3000 Mt. Gox customers by CoinDesk indicated that 68% of customers were still awaiting funds from Mt. Gox. The median waiting time was between one to three months. 21% of poll respondents had been waiting for three months or more.
On 23 February 2014, the CEO of Mt. Gox resigned from the board of the Bitcoin Foundation. Immediately following this, all posts on their Twitter account were removed.
There have been some huge sells the past few days on various exchanges anywhere from 1000 to 12,000 coins on one order. There was one yesterday that sold upwards of 12,000 coins at $580 per coin. Well over 6 million.
There is no doubt people had inside knowledge and shady back dealings were going on for someone to sell that much.
"the best part about bitcoins is that you get to watch libertarians slowly discover why financial regulations exist to begin with".
Sucks for the people who lost their money though.
You can't have a currency without something backing it....
If you want to watch the live markets right now check this out. It is pretty fascinating. So much red! Bloody Monday.
http://bitcoinwisdom.com/markets/btce/btcusd
The good faith and credit of the doge?
They will regulate it themselves and correct it themselves.
That shit be textbook.
And for real, just look at bitcoin market cap and daily volume, anybody in its right mind could tell it's a giant speculative bubble (and yeah, it still is).
And while there is definitely money to be made riding a bubble, there are less riskier ways than speculating on bitcoins.
How easy is it to have your bitcoins converted to USD? Lets say I buy today at 300 and sell tomorrow at 600, whats my time frame of of having the 300 USD minus any fees in my bank account? I am assuming this varies from exchange to exchange but is there an average/standard process.
It's also volatile because it's designed to be deflationary, and deflationary currency cause speculative bubbles, and speculative bubbles create volatility.That's not how regulation works. Only government entities can correctly regulate markets and individuals since you can't count on people to self regulate. It's why this currency is so volatile in the first place.
Key thing to note is that's 700,000 coins, and not $700,000. If its true they lost 700,000 coins even at a $500 evaluation we are talking over $350,000,000. Bitcoin was once over $1000 per coin not very long ago. At that evaluation we are getting close to A BILLION DOLLARS WORTH OF COINS. lolYea, just reading on that stuff now. On the reddit thread, there are quite a few people calling out Bitcoin_Charlie for pumping and dumping.
Then someone asked if it's true that Gox lost 700k worth of bitcoins.
What a meltdown indeed.
This mean the gold standard and the gold rush are popular again?
Since Bitcoin isn't regulated, have these guys even broken any laws?
This is what I want to know.
Edit: Ok, so looks like that is a no in japan and france.
This is what I want to know.
Edit: Ok, so looks like that is a no in japan and france.
Being an anonymous cryptocurrency,, that would probably go against the original idea. Transactions are done through a cloud of sorts.
Yeah that was a typo on my part. There was a thread on reddit yesterday where Bitcoin_Charlie stated that the current management of Gox stepping down was good news for the bitcoin community, but then someone asks him about the whales having a massive selloff and even question if he's a part of it.Key thing to note is that's 700,000 coins, and not $700,000. If its true they lost 700,000 coins even at a $500 evaluation we are talking over $350,000,000. Bitcoin was once over $1000 per coin not very long ago. At that evaluation we are getting close to A BILLION DOLLARS WORTH OF COINS. lol
Not small change by any means here.
That shit be textbook.
And for real, just look at bitcoin market cap and daily volume, anybody in its right mind could tell it's a giant speculative bubble (and yeah, it still is).
And while there is definitely money to be made riding a bubble, there are less riskier ways than speculating on bitcoins.
It's also volatile because it's designed to be deflationary, and deflationary currency cause speculative bubbles, and speculative bubbles create volatility.
Yeah that was a typo on my part. There was a thread on reddit yesterday where Bitcoin_Charlie stated that the current management of Gox stepping down was good news for the bitcoin community, but then someone asks him about the whales having a massive selloff and even question if he's a part of it.
Then today happens with Gox going dark and scrubbing tweets, reeks of insider trading.
True by definition but I just find it funny watching some dude backpeddle while feigning ignorance lol.well its not insider trading on an unregulated market. Its getting rich and not giving a fuck
Dogecoin grows at 5.2 billion coins per year. It's a static growth.Wait, dogecoin is not deflationary?
Wait, dogecoin is not deflationary?
So, do you guys expect that this will effectively kill bitcoin? The fact that someone can just walk away with your money is just... LOL
That article is amazing, those quotes man, those fucking quotes.Nope. (That choice really pissed off the knucklehead goldbugs, lol.)
Now to wait for the inevitable unloading of graphic cards on craigslist from all the suckers. woot
That article is amazing, those quotes man, those fucking quotes.
"I'm strictly in it for the money. I bought in to massive amounts of Dogecoin when the price was cheap, expecting it to rise. So far it looks like the value of the currency is tanking. Nearly 10c per 1K over the past few hours. I still demand @ummjackson answer for what he's doing to ruin the Dogecoin currency."
where are the bitcoin defenders
where are you
how do I buy bitcoins???
how do I buy bitcoins???
Some services include
www.coinbase.com
www.localbitcoins.com
Not sure if Bitcoin is near the bottom yet though..