BITCON... WHY its totally FLAWED

RetardedMonkey said:
Granted I never actually sold anything so I didn't heed my own advice. Shame really as I would have bought back in now.
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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 said:
RetardedMonkey said:
Granted I never actually sold anything so I didn't heed my own advice. Shame really as I would have bought back in now.
Click to expand...

Yeah I'm thinking $30 - $50 is great buying on BTC should that end up being possible
Click to expand...
The 200 day moving average is at $35 I think :)
 
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.
 
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.
 
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.
 
Geez man stop assuming everything I post is a Bitcoin put-down.

https://mtgox.com/press_release_20130404.html

Mt.Gox has been suffering from its worst trading lag ever, 502 errors, and at one point some users were not able to log in their account. The culprit is a major DDoS attack against Mt.Gox.

Since yesterday, we are continuing to experience a DDoS attack like we have never seen. While we are being protected by companies like Prolexic, the sheer volume of this DDoS left us scrambling to fine-tune the system every few hours to make sure that things don't go beyond a few 502 error pages and trading lag.

Why has Mt.Gox become the target of a DDoS attack?
It is not yet clear who is behind this DDoS and we may never know, but these actions seem to have two major purposes:

continued...
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This was only a week ago.
 
goldpelican said:
Interesting news out today that the Winklevoss twins are claiming to own 1% of all bitcoins.
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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?
 
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 :)
 
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