BITCON... WHY its totally FLAWED

Discussion in 'Digital Currencies' started by 1for1, Aug 6, 2012.

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  1. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Blood bath.
     
    RetardedMonkey, Apr 11, 2013
    #1101
  2. aleks

    aleks Well-Known Member Silver Stacker

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    WWWWWWWWWWWWEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!! :D
     
    aleks, Apr 11, 2013
    #1102
  3. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    RetardedMonkey, Apr 11, 2013
    #1103
  4. pro$pector

    pro$pector New Member

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    pro$pector, Apr 11, 2013
    #1104
  5. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Granted I never actually sold anything so I didn't heed my own advice. Shame really as I would have bought back in now.
     
    RetardedMonkey, Apr 11, 2013
    #1105
  6. pro$pector

    pro$pector New Member

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    Yeah I'm thinking $30 - $50 is great buying on BTC should that end up being possible - wish I had USD left in my BTC-E account.

    BTC as a currency is here to stay, this big crash should drive all the speculators out so the whole process can repeat itself again in a year or so, just like in 2011.
     
    pro$pector, Apr 11, 2013
    #1106
  7. Lunarowl

    Lunarowl Active Member Silver Stacker

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    Better get my account set up then.. Is it hard to do?
     
    Lunarowl, Apr 11, 2013
    #1107
  8. aleks

    aleks Well-Known Member Silver Stacker

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    The 200 day moving average is at $35 I think :)
     
    aleks, Apr 11, 2013
    #1108
  9. hawkeye

    hawkeye New Member Silver Stacker

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    I'm not rushing to get back in. Where ever it ends up it will be there for awhile, most likely months.

    Damn, I should have got more out near the top. I'm fantasising about using all that money to establish a much bigger position and still have plenty left over.

    Oh well, waiting for the silver bubble now. Hopefully, I'll get this one right since I've directly been involved in 2 bubbles now and only partially capitalised on them.
     
    hawkeye, Apr 11, 2013
    #1109
  10. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    I personally think the moment Mt.Gox reopens it's going to go nuts again.

    A completely decentralized currency using a centralized exchange.... the downfall.
     
    RetardedMonkey, Apr 12, 2013
    #1110
  11. goldpelican

    goldpelican Administrator Staff Member

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    502 Bad Gateway... ouch.
     
    goldpelican, Apr 12, 2013
    #1111
  12. goldpelican

    goldpelican Administrator Staff Member

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    Back now. 502 looks like a DDoS might be underway.
     
    goldpelican, Apr 12, 2013
    #1112
  13. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Up to about $80 now on BTC-e
     
    RetardedMonkey, Apr 12, 2013
    #1113
  14. goldpelican

    goldpelican Administrator Staff Member

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    Well they are discussing DDoS attacks on their news page that they are experiencing.

    Interesting news out today that the Winklevoss twins are claiming to own 1% of all bitcoins.
     
    goldpelican, Apr 12, 2013
    #1114
  15. goldpelican

    goldpelican Administrator Staff Member

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    Geez man stop assuming everything I post is a Bitcoin put-down.

    https://mtgox.com/press_release_20130404.html

    This was only a week ago.
     
    goldpelican, Apr 12, 2013
    #1115
  16. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    So 110,000?

    A post the other day I saw on a Bitcoin forum, which had the largest wallet sizes on the network, had the biggest one sitting at 111,000.

    So possible?
     
    RetardedMonkey, Apr 12, 2013
    #1116
  17. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Of course.

    But it shows you there are some big players, with a lot of Bitcoins in single wallets.
     
    RetardedMonkey, Apr 12, 2013
    #1117
  18. Phiber

    Phiber Well-Known Member Silver Stacker

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    110 000 BTC....

    It's 12.6 millions at today's price ($115)
    It's 27.5 millions at $250 yesterday

    Damn that's a lot of money :)
     
    Phiber, Apr 12, 2013
    #1118
  19. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Yeah, that's one wallet.dat file you'd want to have backups of.
     
    RetardedMonkey, Apr 12, 2013
    #1119
  20. Diablo21

    Diablo21 Member

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    Trust me, I do ;)
     
    Diablo21, Apr 12, 2013
    #1120
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