Bitcoin trading halted until 10 PM Eastern tonight

Gaddafi Duck said:
I don't quite understand how, if these prices are so lagged as Crystallas suggests, that so many people are coming on here saying they got out at $240/$250 when the price peaked at about $266???

So, the price didn't lag. Otherwise, how were two people in this thread alone able to cash out at those levels when the market quickly plummeted from those highs??

I don't quite understand....so the lag must be overblown. Again, Crystallas convincing himself of his false reality.
Click to expand...

well first off they didn't quickly plummet from those highs.
 
Gaddafi Duck said:
I don't quite understand how, if these prices are so lagged as Crystallas suggests, that so many people are coming on here saying they got out at $240/$250 when the price peaked at about $266???
Click to expand...

The internet is different. No one loses money on the internet. Also, everyone I meet on the internet has a IQ score of at least 140.
 
Gaddafi Duck said:
Paladin, without these "paper" exchanges, you'd have no idea what the price of anything would be. Be thankful you have food on the table, because if we didn't have a futures market, there's a good chance you'd be forced to overpay for the food, if any would even exist in your area.
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I don't need someone else to tell me the price if it came down to it. Sure it makes things more difficult but SR is not going to disappear if the exchanges do.

Coin dealers trade at premium prices that are sometimes way different than spot. It is all based on how badly the buyer wants/needs it. Direct P2P price discovery will always exist.
 
I'll likely die from boredom before GD can prove that he can make real money with the USD:Euro rates. Those that can do, do. Those that can't, just BS all day LOL

You guys should have warned me that he was just a hater who jumps on a down day, and then complains on a high day. LOL Soo smart, but still not capitalizing. Lip service should have a minimum wage to keep people like him from going hungry. /socialism
 
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Jordan said:
The internet is different. No one loses money on the internet. Also, everyone I meet on the internet has a IQ score of at least 140.
Click to expand...

Check. The only people who are really believable are the ones who publically state it when the euphoria is still in full swing.
 
Gaddafi Duck said:
I don't quite understand how, if these prices are so lagged as Crystallas suggests, that so many people are coming on here saying they got out at $240/$250 when the price peaked at about $266???

So, the price didn't lag. Otherwise, how were two people in this thread alone able to cash out at those levels when the market quickly plummeted from those highs??

I don't quite understand....so the lag must be overblown. Again, Crystallas convincing himself of his false reality.
Click to expand...

I didn't say I completely got out at $240. I said I sold enough to cover my original investment, then sold the rest (except for a small amount) when it broke $200. I don't use MtGox, so wasn't hurt by the lag. I used Coinbase which added the funds to my bank account the second I sold them.

Again, you're reminding me why I stopped having this conversation about Bitcoin with you.
 
ronpaulfollower999 said:
I didn't say I completely got out at $240. I said I sold enough to cover my original investment, then sold the rest (except for a small amount) when it broke $200. I don't use MtGox, so wasn't hurt by the lag. I used Coinbase which added the funds to my bank account the second I sold them.

Again, you're reminding me why I stopped having this conversation about Bitcoin with you.
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This is exactly correct. I did the same thing twice. Once at 92, before BTC broke $100. That covered my original investment, and then some. Then at $148, before it dropped back down. That was very lucky. I sold some out of pure panic. But it dropped to $130, bought more, then sold ~2/3rd of what I had at 240 and change. I repurchased all, but double my investment, and what I paid for some silver bars at $67 today. Basically tripling my BTC in a week while diversifying, paying off anything I put into it, as well as having some extra FRN on the side.

Those that jumped on the bandwagon during the Cyprus rush that are still very new, I hope they didn't get "BitCoin fever" and go crazy.
 
Gaddafi Duck give it up this forum has become the bitcoin speculation form let them go bitcoin crazy.
 
Gaddafi Duck said:
http://www.foxbusiness.com/technolo...ge-halts-trading-for-12-hours-after-meltdown/

only one exchange, but it happens to be the largest and most popular. ironic that bitcoin was touted as an opt-out option to avoid a Cyprus-esque freeze out...now Bitcoin users are frozen out of the biggest market for transactions. so much for that idea..

i love the reasoning too. Bitcoin trading halted due to panic selling...as opposed to the panic buying over the past 4 months to which they did nothing about??? hahahah...like the people fearing irrational selling when a market sells off, but cheering irrational buying all the way up the mania ladder.

alternative bitcoin exchanges are selling at a deep discount to $90/coin vs. the $123 on the frozen Mt.Gox.

so, now that we got the exchange dilemma outta the way (now you can sell your coins for a 25% discount in an identical exchange), does anyone know if or how long your trade takes to settle?? will the funds even be there if you access and trade thru these exchanges???
Click to expand...

Seriously, what is the point of all this hate? Why does bitcoin burn your insides so bad that you feel the need to start an online crusade against it by constantly mocking the ups and downs of a volatile market that is just testing the waters?

It makes no sense to be so against this because it really has no effect on your life if you don't want to get involved. If you decide not to get involved, then just don't get involved and leave those of us who are alone. Here we see something that exemplifies the free market more than anything we have today and you are trashing on it for all you're worth... and for what? No, really, tell me.
 
interesting.. they're still closed but I went to this site

http://preev.com/

early this afternoon and the price was hovering around 60.. now it's 79.90
 
opal said:
interesting.. they're still closed but I went to this site

http://preev.com/

early this afternoon and the price was hovering around 60.. now it's 79.90
Click to expand...


Bitstamp is already at $89, it was down around $62 earlier.. I would have bought in the low 60s but it takes too much time to get money into those things which is why I think the downward pressure was so great, there was no source for upward pressure. Bitinstant is advertised on some of the other btc exchanges as a way to get bitcoins into your wallet, but they still direct you through mt.gox so it's a dead end.
 
Gaddafi Duck said:
You just don't get it, which proves my point all along :)

I can't believe I bothered debating this with you as long as I did, considering you came back with THAT. Oh my...
Click to expand...

You call that a comeback?

So the guy tells you why it's not plausible and all you can do is say, "...uhh, that's your answer? Oh, HAHAHAHAH...HAHA. You don't get it, you fool! I'm right you're wrong! Nanner nanner boo boo!"
 
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