Silk Road forums

Discussion => Off topic => Topic started by: Jediknight on April 10, 2013, 08:04 pm

Title: Bitcoin waaaay down. To $122./ coin
Post by: Jediknight on April 10, 2013, 08:04 pm
Sad
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: valakki on April 10, 2013, 08:22 pm
lets chill!
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: eerva on April 10, 2013, 08:23 pm
It was bound to happen eventually. I'm interested to see if it keeps dropping over the next few days or if this was just a bunch of speculators dumping their coins quickly.
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: Jediknight on April 10, 2013, 09:04 pm
. . . And now it's back up to $202.
In less than an hr

WTF  !?


I'm soooooo glad I got a bank account linked with an exchange.  It allows me to set triggers or 'alarms' so when the prices reaches my set price , it buys them for me (or sells).  It's pretty cool. Auto pilot. 
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: valakki on April 10, 2013, 09:32 pm
. . . And now it's back up to $202.
In less than an hr

WTF  !?


I'm soooooo glad I got a bank account linked with an exchange.  It allows me to set triggers or 'alarms' so when the prices reaches my set price , it buys them for me (or sells).  It's pretty cool. Auto pilot.

thats really cool. i might have to set something like that up in the future!
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: Chaosforpeace on April 10, 2013, 09:39 pm
BUY BUY BUY!!!! At this rate it could hit 500$ easy today
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: joolz on April 10, 2013, 09:42 pm
 ???
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: joolz on April 10, 2013, 10:39 pm
C.I.A.  cashing in  ???
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: flakesmith on April 10, 2013, 10:47 pm
. . . And now it's back up to $202.
In less than an hr

WTF  !?


I'm soooooo glad I got a bank account linked with an exchange.  It allows me to set triggers or 'alarms' so when the prices reaches my set price , it buys them for me (or sells).  It's pretty cool. Auto pilot.

What exchange is this?

I think these crashes are due to people with significant buying power manipulating the market (and as a result, the panic sellers) for profit.
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: Jediknight on April 10, 2013, 11:54 pm
Now it's back down to $122.  Fuck
This is the Canadian exchange cavirtex and the mt gox. Both. 

I notice sr didn't change it rate yet.  Still time to buy.
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: leavesbrown on April 11, 2013, 12:34 am
Hang onto your coins, it was just a DDoS on MtGox, the market will correct its self soon, just don;t panic buy and make sure you use an exchange other than MtGox, their monopoly needs to end soon for the good of us all.
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: hee57 on April 11, 2013, 12:44 am
Now it's back down to $122.  Fuck
This is the Canadian exchange cavirtex and the mt gox. Both. 

I notice sr didn't change it rate yet.  Still time to buy.

SR goes by a 24 hour mtgox average. If I had a car I could have bought at 120 and bought things online for 200+ but i couldn't get to them quick enough and ended up buying for 170ish and having a bit more on SR. Still worth it. Going back up.
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: TheHubble on April 11, 2013, 12:50 am
Hang onto your coins, it was just a DDoS on MtGox, the market will correct its self soon, just don;t panic buy and make sure you use an exchange other than MtGox, their monopoly needs to end soon for the good of us all.

What's wrong with mtgox
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: leavesbrown on April 11, 2013, 12:58 am
BTC is supposed to be a decentralized currency, that;s where its strength is. All it takes is for Gox to be taken down for widespread panic and chaos across the economy. Gox handle 80% of all transactions, In my opinion that's dangerous for bitcoins. Personally I have access to enough computers to DDoS Gox into oblivion, and there are many many many sys admins, hackers and botnet operators who could do this also.
Gox is bad for bitcoin and a hazard to the whole economy
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: donatto on April 11, 2013, 02:40 am
FUCK WITH GOX!
Title: Re: Bitcoin waaaay down. To $122./ coin
Post by: trc on April 11, 2013, 02:55 am
Chill out things will be back up in 24 hours. The mtgox trade engine is busted.