Fairly large bitcoin price drop today - GoFuckYourself.com

WarChild · 05-02-2013, 08:04 AM

What's going on Frank?

Time to buy more you think?

Dirty F · 05-02-2013, 08:07 AM

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

Dirty F · 05-02-2013, 08:07 AM

I can easily see it going to 70 or lower.

MikeRoth · 05-02-2013, 08:09 AM

Now you know why I said I cashed out on Monday/Tuesday and was sitting on my cash,

Dirty F · 05-02-2013, 08:10 AM

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.

seeandsee · 05-02-2013, 08:14 AM

stronger than ever lol

Choopa Phil · 05-02-2013, 08:14 AM

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

icu33774 · 05-02-2013, 08:23 AM

i am lovin it

dyna mo · 05-02-2013, 08:24 AM

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.

Dirty F · 05-02-2013, 08:28 AM

Quote:

Originally Posted by icu33774

i am lovin it

I rather see it go up.

Dirty F · 05-02-2013, 08:30 AM

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

MikeRoth · 05-02-2013, 08:33 AM

Quote:

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.

Choopa Phil · 05-02-2013, 08:35 AM

Quote:

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!

DWB · 05-02-2013, 08:35 AM

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.

DWB · 05-02-2013, 08:39 AM

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

Quote:

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.

Fat Panda · 05-02-2013, 08:40 AM

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

Choopa Phil · 05-02-2013, 08:42 AM

Quote:

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.

Dirty F · 05-02-2013, 08:43 AM

Quote:

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.

DWB · 05-02-2013, 08:47 AM

Quote:

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.

Choopa Phil · 05-02-2013, 08:49 AM

Quote:

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

MrBottomTooth · 05-02-2013, 08:51 AM

Hoping I can finally buy a few coins today at a decent price, then flip them as soon as the price rises. How long does a transaction take at mtgox? Hopefully not as long as it took to get verified.

MikeRoth · 05-02-2013, 08:52 AM

Quote:

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,

Fat Panda · 05-02-2013, 08:53 AM

Quote:

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!

MikeRoth · 05-02-2013, 08:54 AM

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.

Dirty F · 05-02-2013, 08:57 AM

Quote:

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?

Dirty F · 05-02-2013, 08:58 AM

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

MikeRoth · 05-02-2013, 08:59 AM

Quote:

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.

Dirty F · 05-02-2013, 09:07 AM

Quote:

Originally Posted by MikeRoth

loooool, ya, they are going full retard. Someone just bought 1 FTC for 1 BTC.

Wow ouch

MikeRoth · 05-02-2013, 09:12 AM

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

PromoterX · 05-02-2013, 10:11 AM

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.

k0nr4d · 05-02-2013, 10:16 AM

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.

Choopa Phil · 05-02-2013, 10:16 AM

Hrmm, to buy or not to buy?

Choopa Phil · 05-02-2013, 10:17 AM

Quote:

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

k0nr4d · 05-02-2013, 10:24 AM

Quote:

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.

Dirty F · 05-02-2013, 01:53 PM

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.

PromoterX · 05-02-2013, 11:17 PM

Quote:

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

jimmycastor · 05-03-2013, 12:40 AM

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

pimpmaster9000 · 05-03-2013, 01:00 AM

Quote:

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

SomeCreep · 05-03-2013, 01:16 AM

Quote:

Originally Posted by WarChild

What's going on Frank?

Time to buy more you think?

You invested in bitcoin bro?

MainstreamGuy · 05-03-2013, 01:20 AM

lol @ bitcoin bubble...

- Jesus Christ - · 05-03-2013, 01:27 AM

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.

Quote:

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.

Dirty F · 05-03-2013, 01:47 AM

Quote:

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?

- Jesus Christ - · 05-03-2013, 01:56 AM

Quote:

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.

Dirty F · 05-03-2013, 02:01 AM

Quote:

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.

Paul · 05-03-2013, 02:18 AM

Quote:

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

Quote:

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

Quote:

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

MikeRoth · 05-03-2013, 04:36 AM

Still glad I'm all cash other than the 40 FTC I've mined.

Konda · 05-03-2013, 04:45 AM

This webpage is not available

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

L-Pink · 05-03-2013, 04:52 AM

Quote:

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!

.

Choopa Phil · 05-03-2013, 05:17 AM

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!

Choopa Phil · 05-03-2013, 07:18 AM

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.

05-02-2013, 08:04 AM	#1
WarChild Let slip the dogs of war. Industry Role: Join Date: Jan 2003 Location: Bermuda Posts: 17,263	Fairly large bitcoin price drop today What's going on Frank? Time to buy more you think? __________________ .

05-02-2013, 08:09 AM	#4
MikeRoth Confirmed User Industry Role: Join Date: Jan 2011 Location: Washington DC Posts: 361	Now you know why I said I cashed out on Monday/Tuesday and was sitting on my cash, __________________ ICQ: 64995031

05-02-2013, 08:14 AM	#6
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	stronger than ever lol __________________ BUY MY SIG - 50$/Year Contact here

05-02-2013, 08:14 AM	#7
Choopa Phil Confirmed User Join Date: Apr 2009 Posts: 3,965	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 *

05-02-2013, 08:23 AM	#8
icu33774 Confirmed User Join Date: Jul 2003 Posts: 1,573	i am lovin it __________________ Nvgcash.com Affiliate Program Icq 663072747

05-02-2013, 08:07 AM	#2
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Wait, it will get lower i think. Buy when it does

05-02-2013, 08:10 AM	#5
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	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.

05-02-2013, 08:24 AM	#9
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 61,646	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.

05-02-2013, 08:30 AM	#11
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Can you believe these morons at mtgox still didnt get their shit together? How is that even possible?

05-02-2013, 08:35 AM	#14
DWB Giggity Industry Role: Join Date: Jul 2003 Location: S.E. Asia Posts: 31,779	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 at 08:37 AM..

05-02-2013, 08:40 AM	#16
Fat Panda Porn is Dead. Move along. Industry Role: Join Date: Aug 2006 Posts: 13,294	this fake currency is DOOMED. get out while you still can before you're left holding the bag mallick style

05-02-2013, 08:51 AM	#21
MrBottomTooth Confirmed User Join Date: Sep 2009 Posts: 5,795	Hoping I can finally buy a few coins today at a decent price, then flip them as soon as the price rises. How long does a transaction take at mtgox? Hopefully not as long as it took to get verified. __________________ Get Paid Per Email Like The WEGCASH Days!!!!

05-02-2013, 08:54 AM	#24
MikeRoth Confirmed User Industry Role: Join Date: Jan 2011 Location: Washington DC Posts: 361	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

05-02-2013, 08:58 AM	#26
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	I see it. 1000 ftc is 10 btc? Wtf.

05-02-2013, 09:12 AM	#29
MikeRoth Confirmed User Industry Role: Join Date: Jan 2011 Location: Washington DC Posts: 361	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

05-02-2013, 10:11 AM	#30
PromoterX Confirmed User Industry Role: Join Date: Sep 2010 Posts: 949	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.

05-02-2013, 10:16 AM	#31
k0nr4d Confirmed User Industry Role: Join Date: Aug 2006 Location: Poland Posts: 9,179	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

05-02-2013, 10:16 AM	#32
Choopa Phil Confirmed User Join Date: Apr 2009 Posts: 3,965	Hrmm, to buy or not to buy? __________________ AIM - Choopa Phil Email - [email protected] A World Wide Leader In Hosting! * CHOOPA.COM *

05-02-2013, 01:53 PM	#35
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	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.

05-03-2013, 12:40 AM	#37
jimmycastor So Fucking Banned Join Date: Jul 2006 Posts: 342	its getting spring, the nerds now need real dollars to pay for drinks and vagina

05-03-2013, 01:20 AM	#40
MainstreamGuy So Fucking Banned Industry Role: Join Date: Oct 2011 Posts: 477	lol @ bitcoin bubble...

05-03-2013, 04:36 AM	#46
MikeRoth Confirmed User Industry Role: Join Date: Jan 2011 Location: Washington DC Posts: 361	Still glad I'm all cash other than the 40 FTC I've mined. __________________ ICQ: 64995031

05-03-2013, 04:45 AM	#47
Konda ... Industry Role: Join Date: Apr 2003 Posts: 2,280	This webpage is not available Google Chrome could not load the webpage because mtgox.com took too long to respond.

05-03-2013, 05:17 AM	#49
Choopa Phil Confirmed User Join Date: Apr 2009 Posts: 3,965	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 *

05-03-2013, 07:18 AM	#50
Choopa Phil Confirmed User Join Date: Apr 2009 Posts: 3,965	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 *