Fairly large bitcoin price drop today

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • WarChild
    Let slip the dogs of war.
    • Jan 2003
    • 17263

    #1

    Fairly large bitcoin price drop today

    What's going on Frank?

    Time to buy more you think?
    .
  • Dirty F
    Too lazy to set a custom title
    • Jul 2001
    • 59204

    #2
    Wait, it will get lower i think. Buy when it does

    Comment

    • Dirty F
      Too lazy to set a custom title
      • Jul 2001
      • 59204

      #3
      I can easily see it going to 70 or lower.

      Comment

      • MikeRoth
        Confirmed User
        • Jan 2011
        • 361

        #4
        Now you know why I said I cashed out on Monday/Tuesday and was sitting on my cash,
        ICQ: 64995031

        Comment

        • Dirty F
          Too lazy to set a custom title
          • Jul 2001
          • 59204

          #5
          This started with one fairly large sell yesterday. This triggered a panic selling that is reaching its peak now. People are such morons. They'll never learn.
          Just pick up the coins that they are dumping and watch them cry later and wondering wtf just happened.

          Comment

          • seeandsee
            Check SIG!
            • Mar 2006
            • 50945

            #6
            stronger than ever lol
            BUY MY SIG - 50$/Year

            Contact here

            Comment

            • Choopa Phil
              Confirmed User
              • Apr 2009
              • 3965

              #7
              SOOOO glad I got rid of what I had. Made a quick couple bucks, cashed out. Now waiting for it to dip lower so I can go buy some more
              AIM - Choopa Phil
              Email - [email protected]
              A World Wide Leader In Hosting! * CHOOPA.COM *

              Comment

              • icu33774
                Confirmed User
                • Jul 2003
                • 1573

                #8
                i am lovin it
                Nvgcash.com Affiliate Program
                Icq 663072747

                Comment

                • dyna mo
                  just a fucking jerk
                  • Dec 2008
                  • 68184

                  #9
                  mid-week sell off. these used to happen on the weekends, i believe, then they switched to mid-week, reason being, according to some, is that peep's accounts are flush with funds.

                  Comment

                  • Dirty F
                    Too lazy to set a custom title
                    • Jul 2001
                    • 59204

                    #10
                    Originally posted by icu33774
                    i am lovin it
                    I rather see it go up.

                    Comment

                    • Dirty F
                      Too lazy to set a custom title
                      • Jul 2001
                      • 59204

                      #11
                      Can you believe these morons at mtgox still didnt get their shit together? How is that even possible?

                      Comment

                      • MikeRoth
                        Confirmed User
                        • Jan 2011
                        • 361

                        #12
                        Originally posted by Dirty F
                        Can you believe these morons at mtgox still didnt get their shit together? How is that even possible?
                        This doesn't seem to be a DDoS issue. Engine lag is only 1-3 seconds.
                        ICQ: 64995031

                        Comment

                        • Choopa Phil
                          Confirmed User
                          • Apr 2009
                          • 3965

                          #13
                          Originally posted by Dirty F
                          I rather see it go up.
                          I would too, just after I purchase more though! Once theyre down around 80ish ill be buying back in. For Dirty's sake I hope they don't drop but for me I sure hope so! Good Luck everyone, there is plenty of money to be made!
                          AIM - Choopa Phil
                          Email - [email protected]
                          A World Wide Leader In Hosting! * CHOOPA.COM *

                          Comment

                          • DWB
                            Registered User
                            • Jul 2003
                            • 31779

                            #14
                            The news of more banks refusing to do business with Bitcoin can't be helping.

                            News like this ripples through the Bitcoin market just like it does in Wall Street when something happens.

                            If a large sell off happened in addition to that, it would drop it even more.
                            Last edited by DWB; 05-02-2013, 07:37 AM.

                            Comment

                            • DWB
                              Registered User
                              • Jul 2003
                              • 31779

                              #15
                              Forgot to add, Jeff Berwik pulled out of the Bitcoin ATM project today. So that is a kick in the nuts too. Saying this...

                              After a day or two of pondering, however, I have realized that this may truly be a blessing in disguise. The biggest issue with BitcoinATM, and one that I have stated in the past many times, is that it is hardware. Any government, anywhere, can just come and take it away.

                              It was always the achilles heel of this product.
                              Last edited by DWB; 05-02-2013, 07:40 AM.

                              Comment

                              • Fat Panda
                                Porn is Dead. Move along.
                                • Aug 2006
                                • 13296

                                #16
                                this fake currency is DOOMED. get out while you still can before you're left holding the bag mallick style

                                Comment

                                • Choopa Phil
                                  Confirmed User
                                  • Apr 2009
                                  • 3965

                                  #17
                                  Originally posted by DWB
                                  Forgot to add, Jeff Berwik pulled out of the Bitcoin ATM project today. So that is a kick in the nuts too. Saying this...
                                  And how do you protect or monitor such an ATM? Why with cameras of course, so there goes the anonymity of the BTC as well.
                                  AIM - Choopa Phil
                                  Email - [email protected]
                                  A World Wide Leader In Hosting! * CHOOPA.COM *

                                  Comment

                                  • Dirty F
                                    Too lazy to set a custom title
                                    • Jul 2001
                                    • 59204

                                    #18
                                    Originally posted by MikeRoth
                                    This doesn't seem to be a DDoS issue. Engine lag is only 1-3 seconds.
                                    No it's no ddos. It's a few trades. Like 1% of what some of the bigger sites are doing. There was over a min of lag before.

                                    Comment

                                    • DWB
                                      Registered User
                                      • Jul 2003
                                      • 31779

                                      #19
                                      Originally posted by Choopa Phil
                                      And how do you protect or monitor such an ATM? Why with cameras of course, so there goes the anonymity of the BTC as well.
                                      No idea. I always thought the ATM was a dumb idea to begin with. Too early perhaps, as I don't see how they are going to justify the costs for the few who would use it. However, I think the project is still moving forward but without Berwick.

                                      Comment

                                      • Choopa Phil
                                        Confirmed User
                                        • Apr 2009
                                        • 3965

                                        #20
                                        Originally posted by SAC
                                        this fake currency is DOOMED. get out while you still can before you're left holding the bag mallick style
                                        Eh I had the same attitude before, then I made money off it. Dont put all your eggs in one basket and only use what you can afford to lose. From here on out its all profit my initial margins have already paid for themselves. If I lose some profits in the process its all part of the game. It's knowing when to stop
                                        AIM - Choopa Phil
                                        Email - [email protected]
                                        A World Wide Leader In Hosting! * CHOOPA.COM *

                                        Comment

                                        • MikeRoth
                                          Confirmed User
                                          • Jan 2011
                                          • 361

                                          #21
                                          Originally posted by Choopa Phil
                                          Eh I had the same attitude before, then I made money off it. Dont put all your eggs in one basket and only use what you can afford to lose. From here on out its all profit my initial margins have already paid for themselves. If I lose some profits in the process its all part of the game. It's knowing when to stop
                                          This,
                                          ICQ: 64995031

                                          Comment

                                          • Fat Panda
                                            Porn is Dead. Move along.
                                            • Aug 2006
                                            • 13296

                                            #22
                                            Originally posted by Choopa Phil
                                            Eh I had the same attitude before, then I made money off it. Dont put all your eggs in one basket and only use what you can afford to lose. From here on out its all profit my initial margins have already paid for themselves. If I lose some profits in the process its all part of the game. It's knowing when to stop
                                            right on!

                                            Comment

                                            • MikeRoth
                                              Confirmed User
                                              • Jan 2011
                                              • 361

                                              #23
                                              FTC was just added to BTCe. There are buy orders at 0.05 and 0.01. Quick profit since it's only trading at 0.0026 elsewhere.
                                              ICQ: 64995031

                                              Comment

                                              • Dirty F
                                                Too lazy to set a custom title
                                                • Jul 2001
                                                • 59204

                                                #24
                                                Originally posted by MikeRoth
                                                FTC was just added to BTCe. There are buy orders at 0.05 and 0.01. Quick profit since it's only trading at 0.0026 elsewhere.
                                                They did? I don't see it?

                                                Comment

                                                • Dirty F
                                                  Too lazy to set a custom title
                                                  • Jul 2001
                                                  • 59204

                                                  #25
                                                  I see it. 1000 ftc is 10 btc? Wtf.

                                                  Comment

                                                  • MikeRoth
                                                    Confirmed User
                                                    • Jan 2011
                                                    • 361

                                                    #26
                                                    Originally posted by Dirty F
                                                    I see it. 1000 ftc is 10 btc? Wtf.
                                                    loooool, ya, they are going full retard. Someone just bought 1 FTC for 1 BTC.
                                                    ICQ: 64995031

                                                    Comment

                                                    • Dirty F
                                                      Too lazy to set a custom title
                                                      • Jul 2001
                                                      • 59204

                                                      #27
                                                      Originally posted by MikeRoth
                                                      loooool, ya, they are going full retard. Someone just bought 1 FTC for 1 BTC.
                                                      Wow ouch

                                                      Comment

                                                      • MikeRoth
                                                        Confirmed User
                                                        • Jan 2011
                                                        • 361

                                                        #28
                                                        Looks like people are picking up on it. Trying to buy at bter at 0.003 and sell on btc-e at 0.006.
                                                        ICQ: 64995031

                                                        Comment

                                                        • PromoterX
                                                          Confirmed User
                                                          • Sep 2010
                                                          • 949

                                                          #29
                                                          Seemed to have bottomed out at 92-95.... my position is at 114 so i'll hold and sell a bit later today most likely, this is just a profit taking correction.

                                                          Comment

                                                          • k0nr4d
                                                            Confirmed User
                                                            • Aug 2006
                                                            • 9231

                                                            #30
                                                            Im starting to think mtgox is just a big scam to earn interest on people's money.

                                                            I deposited money, took like 2 weeks to show up in my account. I added my bank account to their new magical wire center that is supposed to speed everything up - took a week to validate my iban number (what did they even check?). Now I requested a cash out, and 11 days later still no money. Complete bullshit, considering this is all done with banks inside the country so wires take no more then a few hours.
                                                            Mechanical Bunny Media
                                                            Mechbunny Tube Script | Mechbunny Webcam Aggregator Script | Custom Web Development

                                                            Comment

                                                            • Choopa Phil
                                                              Confirmed User
                                                              • Apr 2009
                                                              • 3965

                                                              #31
                                                              Hrmm, to buy or not to buy?
                                                              AIM - Choopa Phil
                                                              Email - [email protected]
                                                              A World Wide Leader In Hosting! * CHOOPA.COM *

                                                              Comment

                                                              • Choopa Phil
                                                                Confirmed User
                                                                • Apr 2009
                                                                • 3965

                                                                #32
                                                                Originally posted by k0nr4d
                                                                Im starting to think mtgox is just a big scam to earn interest on people's money.

                                                                I deposited money, took like 2 weeks to show up in my account. I added my bank account to their new magical wire center that is supposed to speed everything up - took a week to validate my iban number (what did they even check?). Now I requested a cash out, and 11 days later still no money. Complete bullshit, considering this is all done with banks inside the country so wires take no more then a few hours.
                                                                What did you use to add money? I use bitinstant and its there as soon as the money gram goes through
                                                                AIM - Choopa Phil
                                                                Email - [email protected]
                                                                A World Wide Leader In Hosting! * CHOOPA.COM *

                                                                Comment

                                                                • k0nr4d
                                                                  Confirmed User
                                                                  • Aug 2006
                                                                  • 9231

                                                                  #33
                                                                  Originally posted by Choopa Phil
                                                                  What did you use to add money? I use bitinstant and its there as soon as the money gram goes through
                                                                  Domestic wire transfer, but we have two systems here. You can pay $10 and it's instant or it's free but takes a few hours.
                                                                  Mechanical Bunny Media
                                                                  Mechbunny Tube Script | Mechbunny Webcam Aggregator Script | Custom Web Development

                                                                  Comment

                                                                  • Dirty F
                                                                    Too lazy to set a custom title
                                                                    • Jul 2001
                                                                    • 59204

                                                                    #34
                                                                    Well, i was wrong, it didn't go below 90. The support at 94 or so was too strong. Guess a lot of people were waiting to buy cheap and weren't sure how low it would go and started buying when it reached 95. And since then we're back up it seems.

                                                                    Comment

                                                                    • PromoterX
                                                                      Confirmed User
                                                                      • Sep 2010
                                                                      • 949

                                                                      #35
                                                                      Originally posted by PromoterX
                                                                      Seemed to have bottomed out at 92-95.... my position is at 114 so i'll hold and sell a bit later today most likely, this is just a profit taking correction.
                                                                      Seems the news from CoinLab vs MtGox lawsuit is panicking the market. BTC$ still bottoming out at mid 90's however. Guess i'll wait one more day lol

                                                                      Comment

                                                                      • jimmycastor
                                                                        So Fucking Banned
                                                                        • Jul 2006
                                                                        • 342

                                                                        #36
                                                                        its getting spring, the nerds now need real dollars to pay for drinks and vagina

                                                                        Comment

                                                                        • pimpmaster9000
                                                                          Too lazy to set a custom title
                                                                          • Dec 2011
                                                                          • 26732

                                                                          #37
                                                                          Originally posted by Choopa Phil
                                                                          And how do you protect or monitor such an ATM? Why with cameras of course, so there goes the anonymity of the BTC as well.
                                                                          bitcoin ATM ...you have no idea how ridiculous this sounds
                                                                          Report a suspicious cracker: Click Here

                                                                          Comment

                                                                          • SomeCreep
                                                                            :glugglug
                                                                            • Mar 2003
                                                                            • 26118

                                                                            #38
                                                                            Originally posted by WarChild
                                                                            What's going on Frank?

                                                                            Time to buy more you think?
                                                                            You invested in bitcoin bro?

                                                                            Webair Hosting

                                                                            I use and recommend Webair for hosting.

                                                                            Comment

                                                                            • MainstreamGuy
                                                                              So Fucking Banned
                                                                              • Oct 2011
                                                                              • 477

                                                                              #39
                                                                              lol @ bitcoin bubble...

                                                                              Comment

                                                                              • - Jesus Christ -
                                                                                Confirmed User
                                                                                • Mar 2003
                                                                                • 7197

                                                                                #40
                                                                                It's the result of a series of bad news stories, the coinlab lawsuit and the forum being DDoSed.

                                                                                Personally I could give a fuck how low it goes. It would push some of the really stupid speculators out and hopefully keep them out.

                                                                                Originally posted by MainstreamGuy
                                                                                lol @ bitcoin bubble...
                                                                                Are you referring to the 2011 "bubble" this last "bubble" or any of the future "bubbles" that will most likely occur?

                                                                                Oh that's right your post is actually just the economic equivalent of a retarded person throwing a wooden block at a stock ticker.

                                                                                Amen

                                                                                Comment

                                                                                • Dirty F
                                                                                  Too lazy to set a custom title
                                                                                  • Jul 2001
                                                                                  • 59204

                                                                                  #41
                                                                                  Originally posted by - Jesus Christ -
                                                                                  It's the result of a series of bad news stories, the coinlab lawsuit and the forum being DDoSed.

                                                                                  Personally I could give a fuck how low it goes. It would push some of the really stupid speculators out and hopefully keep them out.



                                                                                  Are you referring to the 2011 "bubble" this last "bubble" or any of the future "bubbles" that will most likely occur?

                                                                                  Oh that's right your post is actually just the economic equivalent of a retarded person throwing a wooden block at a stock ticker.
                                                                                  Just put the imbecile on ignore, like i did.

                                                                                  Just woke up. Noticed the bitcoin forum is offline. Ddos?

                                                                                  Comment

                                                                                  • - Jesus Christ -
                                                                                    Confirmed User
                                                                                    • Mar 2003
                                                                                    • 7197

                                                                                    #42
                                                                                    Originally posted by Dirty F
                                                                                    Ddos?
                                                                                    That's the assumption I'm making. It's probably the botnet owner who was attacking silk road. Hes been pointing his network all over the place trying to extort people.

                                                                                    Amen

                                                                                    Comment

                                                                                    • Dirty F
                                                                                      Too lazy to set a custom title
                                                                                      • Jul 2001
                                                                                      • 59204

                                                                                      #43
                                                                                      Originally posted by - Jesus Christ -
                                                                                      That's the assumption I'm making. It's probably the botnet owner who was attacking silk road. Hes been pointing his network all over the place trying to extort people.
                                                                                      Yeah possibly. Or just someone who wants to spread even more panic. There has been at least 1 person who tries everything he can to kill Bitcoin since it got big.

                                                                                      Comment

                                                                                      • Paul
                                                                                        Confirmed User
                                                                                        • Nov 2002
                                                                                        • 2637

                                                                                        #44
                                                                                        Originally posted by k0nr4d
                                                                                        Im starting to think mtgox is just a big scam to earn interest on people's money.

                                                                                        I deposited money, took like 2 weeks to show up in my account. I added my bank account to their new magical wire center that is supposed to speed everything up - took a week to validate my iban number (what did they even check?). Now I requested a cash out, and 11 days later still no money. Complete bullshit, considering this is all done with banks inside the country so wires take no more then a few hours.
                                                                                        They've been quoted as saying that one of their biggest issues with their banks is increasing their daily transaction limit so that's why customers end up with big waits when they request a transfer.

                                                                                        I do trust them but I think they are nieve and incompetent like the owner of Bitcoin-24

                                                                                        Originally posted by Dirty F
                                                                                        Can you believe these morons at mtgox still didnt get their shit together? How is that even possible?
                                                                                        http://www.thegenesisblock.com/an-an...ceo-of-mt-gox/

                                                                                        Read this article from the CEO of Mt Gox, it's fucking terrifying! It's like finding out the best hosting company in the world is powered by a hamster on a wheel

                                                                                        They are fucking clueless and they are running transactions in the millions every single day

                                                                                        Originally posted by DWB
                                                                                        Forgot to add, Jeff Berwik pulled out of the Bitcoin ATM project today. So that is a kick in the nuts too. Saying this...
                                                                                        Also

                                                                                        1) Peter Vessenes is suing the Bitcoin Foundation
                                                                                        2) SR (silkroad) was under a heavy DDOS attack
                                                                                        3) Someone embedded links to child pornography. This data will forever be immortalized in the blockchain and can never be deleted. The worst part? It also means that anybody who has the blockchain on their computer most likely has that data also. - Governments could have a field day with this one!
                                                                                        4) CoinLab has filed a lawsuit against Mt.Gox citing a breach of contract - http://coinlab.com/press

                                                                                        It's been an interesting few days

                                                                                        Who's buying back in? Sitting at $88 currently

                                                                                        Comment

                                                                                        • MikeRoth
                                                                                          Confirmed User
                                                                                          • Jan 2011
                                                                                          • 361

                                                                                          #45
                                                                                          Still glad I'm all cash other than the 40 FTC I've mined.
                                                                                          ICQ: 64995031

                                                                                          Comment

                                                                                          • Konda
                                                                                            ...
                                                                                            • Apr 2003
                                                                                            • 2280

                                                                                            #46
                                                                                            This webpage is not available

                                                                                            Google Chrome could not load the webpage because mtgox.com took too long to respond.

                                                                                            Comment

                                                                                            • L-Pink
                                                                                              working on my tan
                                                                                              • Mar 2005
                                                                                              • 39151

                                                                                              #47
                                                                                              Originally posted by Paul
                                                                                              3) Someone embedded links to child pornography. This data will forever be immortalized in the blockchain and can never be deleted. The worst part? It also means that anybody who has the blockchain on their computer most likely has that data also. - Governments could have a field day with this one!
                                                                                              That is really fucked up!

                                                                                              .

                                                                                              Comment

                                                                                              • Choopa Phil
                                                                                                Confirmed User
                                                                                                • Apr 2009
                                                                                                • 3965

                                                                                                #48
                                                                                                Ill most certainly be stopping at the bank this morning to deposit some. I told myself id buy in at 80 yesterday, so I am!
                                                                                                AIM - Choopa Phil
                                                                                                Email - [email protected]
                                                                                                A World Wide Leader In Hosting! * CHOOPA.COM *

                                                                                                Comment

                                                                                                • Choopa Phil
                                                                                                  Confirmed User
                                                                                                  • Apr 2009
                                                                                                  • 3965

                                                                                                  #49
                                                                                                  Gottem! So glad I did, just as they started going up. Even tho I got in a little late on the upswing, literally as I was driving to the money gram place.
                                                                                                  AIM - Choopa Phil
                                                                                                  Email - [email protected]
                                                                                                  A World Wide Leader In Hosting! * CHOOPA.COM *

                                                                                                  Comment

                                                                                                  • Dirty F
                                                                                                    Too lazy to set a custom title
                                                                                                    • Jul 2001
                                                                                                    • 59204

                                                                                                    #50
                                                                                                    Originally posted by Choopa Phil
                                                                                                    Gottem! So glad I did, just as they started going up. Even tho I got in a little late on the upswing, literally as I was driving to the money gram place.
                                                                                                    Yup, well done.
                                                                                                    I thought they would hit 70 but it didn't go much lower than 80.
                                                                                                    I'm getting quite good at this

                                                                                                    Comment

                                                                                                    Working...