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?

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.

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

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 :1orglaugh

They are fucking clueless and they are running transactions in the millions every single day :1orglaugh

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 :pimp

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

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

This webpage is not available

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

That is really fucked up!

.

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!

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 :winkwink:

It might not be over though. People are still in panic mode. One 2k+ dump can make it drop right back to 80.

I ended up buying LTC instead of BTC. Although I think the profit/loss ratio is the same with either one. Just feels better having 60 LTC than 2 BTC...

I kinda want to buy some FTC for a quick scalp or even to hold for a few weeks.

Atm it doesn't really matter if you own litecoins or bitcoins...they keep roughly the same value against each other.

Btw i'm actually expecting another big dump around 100 which will make it drop to 70ish.
Phil, you still might've bought too early.
But i hope not.

Ya same here, I was hoping for a quick 10% scalp before another dump. It's steadily climbing though so I might still get that 10%

It's going to 100 too fast...it's not gonna be a happy ending i'm afraid :/

I bought 50 BTC at $82.00 and out at $97. Hoping for another drop and more volatility!

Damnit, i need to go to the gym but i can't move away from the charts...it's really exciting atm.

I think that was a good move.

Yeah nice little profit there. I don't hold them long I only play when they're volatile and there hasn't been a lot of opportunity in the last week or so. I've been using a buy trigger of a combination of volume, MACD and momentum. So far it's been pretty accurate for me.

You think its going to take another dump at $100?

Hard to say but right now even though there is some pretty good volume, both momentum and MACD are totally flat. I really should have gotten out of the last trade at $95 but I absolutely had to leave the house for a little bit and just got lucky. :2 cents:

up down up down up down i am lovin it :)

I wish there were stop orders. Can't hold while not at computer, :|

I feel your pain! I've missed more than one strong buy signal because I couldn't be around. :(

What site are you using for charts? I haven't found anything with readable charts. I usually use MACD and Slow Stoch's

I'm using a feed to Sierra Charts. Unfortunately the forum is down right now but you can get everything you need (for free) from https://bitcointalk.org/index.php?topic=6019.0 when it comes back up.

For MACD I'm using a Fast Moving Average Length of 6, Slow Moving Average Length of 19 and MACD Moving Average Length of 9 on 1 minute chart.

I like this site for charts - http://bitcoinity.org/markets

Only a matter of time before Mt Gox announces Litecoin trading :2 cents:

So does Mt Gox :1orglaugh

They have embeddable:

http://bitcoinity.org/markets/image?span=7d&size=medium

i keep forgetting there are bitcoin traders on this forum, i should of given you guys the heads up to sell your bitcoins @ 130 as thats when i first heard about the lawsuit. you bitcoin guys really need to join irc so u know whats happening ahead of the market.

I usually use Reddit, probably too slow though for breaking news?

Do you have an email address I can contact you on, I've got one or two questions if you can spare a few minutes!

:disgust

BTW what channels do you recommend? I think I'm gonna setup a completely separate computer for my Bitcoin/alt currency stuff, the more I read about the security compromises the more paranoid I become.

Nothing should delay IRC chats from being reposted immediately in blogs, reddit and tweets... and pastebins: http://pastebin.com/E9qf1qEx
And archive.org's: http://ia601700.us.archive.org/8/ite...66.docket.html
In fact, the press knew of the lawsuit before of MtGox itself:

http://bitcoinmagazine.com/coinlab-sues-mtgox/

Mark Karpeles (Mtgox) wrote to Gawker: ?We have not been served nor notified of such a lawsuit (except from your email), so it is difficult for us to comment at this point in time. We will review this within the next hours.?

This is especially gross, both the guys are in bitcoin foundation board, so bitcoin founders sue each other, plus press knows of lawsuit before of MtGox is notified. It looks not so reliable and professional, I bet bankers and economists will joke about this for ages in the news.

And fake MtGox police raid reports :)
http://ireport.cnn.com/docs/DOC-966426

anyone else familiar with fibonacci retracement? Looks like an abc down pattern big time.

Looks like the worst is over...for now at least..
It slowly wants to go up. And there is a huge wall at 90.

But when you look at the bigger picture i don't think it's over at all. Monday could be very nasty. There is very few reasons to buy atm...and all the more to sell.

I really am starting to worry if we would survive another big crash.
The last time people bought like crazy at the lower prices...this isn't happening anymore. People lost trust.

If we drop to 70 again i'm not sure how many people will be left who are brave enough to buy again in big numbers.

Then again with all the shit Bitcoin has been through the last 2 months and with all the bad news today it still is worth almost 100 bucks.
That surely means something.
I doubt many other products or stocks would survive such a thing.

It is here to stay.

$95 mini wall eaten. Still a long way to go to $100. Reaching 100 might raise confidence again.
We need some big buys. (5k coins)

It's still up over 600% since January 2013...