Re: is anyone else keeping up with this bit coin bullshit #2: electric boogaloo

by Guest Mon Feb 10, 2014 1:59 pm

mrspurinization wrote:
spinnythings wrote:
mrspurinization wrote:yes
why? i dont feel like reading the release
they pointed out a huge flaw in the bitcoin protocol in the release and everyone flipped a tizzie and panic sold all their coins

nice

by **admin** Mon Feb 10, 2014 2:00 pm

the price was at 1,200 a while ago

by **admin** Mon Feb 10, 2014 2:03 pm

everyone is pissed with mtgox:

http://www.coindesk.com/coindesk-removes-mt-gox-bitcoin-price-index-2/
http://blog.blockchain.info/2014/02/10/dear-blockchain-users/
http://www.cryptocoincharts.info/news/2014/bye-bye-mt-gox/
https://github.com/bitcoinaverage/bitcoinaverage/commit/a3e1f45f7cda6e2caca63ab7c02eb4a49d31c45a#diff-3d6ed64e19c621827654fbbdf22282c4R344

by Guest Mon Feb 10, 2014 2:03 pm

by **admin** Mon Feb 10, 2014 2:06 pm

some guy put his sisters college fund into it

by **admin** Mon Feb 10, 2014 2:06 pm

so stupid

by **admin** Mon Feb 10, 2014 2:10 pm

They just purposefully spread FUD throughout the bitcoin world for the sole purpose of diverting attention while they fix their shit. This transaction malleability thing has been known for a long time and has plenty of easy ways to work around it, like just look and see if there's a double spend attempt on outputs before auto-crediting your internal books. The fact that Gox's shitty coding didn't do that is entirely their fault, and instead of owning up to it, they're trying to cause an earthquake of FUD to divert attention and buy themselves time. That's not just sneaky, that's truly evil. Fuck them. Fuck them so much.

by **admin** Mon Feb 10, 2014 4:01 pm

"Today Bitcoin Exchange MtGox made a press release which harmed the whole Bitcoin Network and everybody who is working with it. Price dropped heavily because of FUD spread by MtGox. Under this circumstances we wont promote this company in the future and therefore removed all charts/orderbooks for MtGox from cryptocoincharts. Data is still in our database and maybe we will implement a feature to see the historical charts of this exchange.

I got a lot of positive feedback on twitter for this step. Lets look in a bright bitcoin future with professional exchanges."

i hope they realize this won't be good for them in the long run because mtgox is still the champion of BTC tradings, its just going to hurt their daily viewerships

by **admin** Mon Feb 10, 2014 4:02 pm

best quote ive heard so far

Bitcoin drama is basically what atheism drama would be like if God was randomly popping in and out of existence.

by **mega!!!!** Mon Feb 10, 2014 4:18 pm

this shit is fuckin nuts lel

by **admin** Tue Feb 11, 2014 2:52 am

The Bitcoin boom has been wonderful for some people, obviously, but I am really struggling. Last year my father passed away (my mother passed away from cancer many years ago), and my sister and I were left with a large inheritance. I am 23 and my sister is only 17 (parents had us when they were somewhat older. The inheritance was placed entirely in my control to be split between my sister and I. He did not want her to have access to the money until she turned 21. I am tasked with assisting her with college payments, etc. I chose to liquidate the majority of the assets and was left with around $750,000. I am bitter about this because I was ripped off by a shifty individual taking advantage of my ignorance on some things. I should have gotten much more than I did.

I discovered Bitcoin a few years ago. I today greatly regret that the moment I liquidated the inheritance I didn't place the entirety of it into Bitcoin. With Bitcoin on the verge of making it very, very big I began performing arbitrage six months ago. The rising adoption has created volatility which makes it very good for arbitrage. I know of people that have made A LOT of money doing this, but I have now lost A LOT of money.

I am consistently misjudging the movement of the markets. I buy in and sell, not holding any long term positions. On the 19th, I bought 250 coins at $800; it was quickly rising and I was worried I would not be able to buy in at that price ever again. Immediately after my purchase it began tanking. I tried to hold my position hoping it was just temporary and would return to $800 and increase from there. After hitting around $600 it began to increase again, I viewed this as reaffirming my projection. It rose again to around $700. I held my position into the 20th, it dropped to $500 and that was my sell point hoping to minimize my losses. I lost $75,000 in an almost 24/hr period. This was my fastest and almost largest single trade loss. If I had continued to hold I would be able to sell right now with minimal losses.

I have "made" money on trades, but overall the losses have kept me in the red. As of today, over the past 7 months I have lost a total of $410,000. The inheritance was supposed to be split between my younger sister and I, giving us each $375,00 + half of the house (not worth much, rural area, etc).

However, I don't have a legal obligation to provide her with half of the money, that was a verbal contract between my father and I, the in-writing legal stuff allocates it all to me. I made the mistake of telling her that I invested the money in Bitcoin; she has read the news etc on it, so she is under the assumption that there is a lot more money than there actually is. Regardless, I have already paid her first year of college tuition in cash anyway, this was around $30,000. I also bought her a used car to take to college ($5,000). We later found out they don't want freshman to have cars?? So we might sell it and I can give her that money. Ultimately, in addition to other living expenses, bills, car, etc I have around $280,000 left which is currently all liquid.

Now, if you took the time to read all of that, thank you, sorry it was so long. What I am looking for is advice on how to trade. How can I guarantee that I earn high returns? What are good resources on how to trade Bitcoin? Are there any good books to read on trading? General information I may be missing?

I know I can earn this money back, I just need to figure out how. If there is an experienced trader out there that is in need for funding I am willing to work out a deal where we can work together on this. I need to see a proven track record of success though.

Thanks for your time. I know a lot of people are going to respond negatively to me, I know I fucked up. I really, really, need advice though.

by Helen Fri Feb 14, 2014 2:35 pm

CBC did a thing on bitboners

http://www.cbc.ca/news/canada/hamilton/news/bitcoin-be-prepared-for-the-rise-of-digital-currency-adopters-say-1.2537391

by **admin** Fri Feb 21, 2014 8:57 am

HAHAHA

bitcoiners are learning some very hard lessons today

by Guest Fri Feb 21, 2014 9:04 am

mrspurinization wrote:HAHAHA

bitcoiners are learning some very hard lessons today

did mtgox sell their own coins

by Helen Fri Feb 21, 2014 9:15 am

spinnythings wrote:
mrspurinization wrote:HAHAHA

bitcoiners are learning some very hard lessons today
did mtgox sell their own coins

insider trading but i'm certain some of their secretaries were part of the sell-off

by Guest Fri Feb 21, 2014 9:36 am

that is a massive fuckton of insider trading then

by **mega!!!!** Fri Feb 21, 2014 9:45 am

i love the growing number of xxpcgamersxx panicking over the price inflation of graphics cards thanks to bitcoin mining

that is the best thing to come out of this

by Helen Fri Feb 21, 2014 10:55 am

spinnythings wrote:that is a massive fuckton of insider trading then

20K isn't actually much compared to the volume of BTC on the market

the winklevoss twins claim to own over 1% of the market and the mysterious creator of BTC has a buttload of wallets each with 50 BC

by **alyaza** Sat Feb 22, 2014 12:34 pm

isnt bitcoin like 250 now, down from its high of 1200?

by **admin** Sat Feb 22, 2014 1:57 pm

slamjamsk8r wrote:isnt bitcoin like 250 now, down from its high of 1200?

i think it's actually lower

my programming/economics teacher was talking to the class about BTC and how great it is to make money which is a sign that i should take his financial advice as a grain of salt, he's a smart man in the economics and money field but BTC is literally just gambling

that said, mining has the potential to be very profitable if you're using the right resources (as in, not a shitty gamer PC for minecraft but some enterprise-class server stack)

by **LEADER OF THE FREE WORLD** Sat Feb 22, 2014 8:29 pm

mrspurinization wrote:
slamjamsk8r wrote:isnt bitcoin like 250 now, down from its high of 1200?
i think it's actually lower

my programming/economics teacher was talking to the class about BTC and how great it is to make money which is a sign that i should take his financial advice as a grain of salt, he's a smart man in the economics and money field but BTC is literally just gambling

that said, mining has the potential to be very profitable if you're using the right resources (as in, not a shitty gamer PC for minecraft but some enterprise-class server stack)

hyperfast fpgas combined with the huge influx of losers with gaming pcs trying to break even with their electrical costs have made mining completely impossible from what i understand

by **alyaza** Sun Feb 23, 2014 8:16 am

lol bitcoin

by **admin** Tue Feb 25, 2014 8:15 am

MTGOX HAS CLOSED SHOP AND THEY STILL HAVE NOT REFUNDED THE BITCOINS THEY HAD STUCK IN HOLD

EVERYBODY DUCK FOR COVER

by Helen Tue Feb 25, 2014 1:03 pm

https://www.mtgox.com/

DING DONG THE WITCH IS DEAD AND IT RAN OFF WITH A HUNDRED MILLION DOLLARS OF PEOPLES' BITCOINS

ITS ALL COMPLETELY LEGAL TOO BTC AREN'T REGULATED THEY CAN DO WHATEVER THE FUCK THEY WANT HAAAAAAAAHAHAHAHA

by Helen Tue Feb 25, 2014 1:05 pm

this is beautiful it's april 2013 price crash tier

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