Bitcoin at all time high

[Dan Druff]

Let's get back on track here.

Bitcoin trading at $124 right now.

Next few hours should be very interesting.

[donkdowndonedied]

Hoser, you sweet, borderline retarded manchild.

I literally tilted you out of character.

Come here, give me a hug.

naw bro, yer way too fucking ugly... and fat people usually stink.. especially neck beards that never see the light of day... and only hit on women with bush beards...

virtual hug tho !!!

awww how sweet

edit - what "character" was I playing ? I just don't use the same name on any site, because the internet is full of creeps like you. It is obvious who I am, next.

[sonatine]

I heard that another trading house had them at around $69, and I believe mt.gox hasnt officially resumed trading.

http://bitcoinity.org/markets

Look at the 24 hour graph, it tells the whole story.

[sonatine]

Hoser, you sweet, borderline retarded manchild.

I literally tilted you out of character.

Come here, give me a hug.

naw bro, yer way too fucking ugly... and fat people usually stink.. especially neck beards that never see the light of day... and only hit on women with bush beards...

virtual hug tho !!!

awww how sweet

edit - what "character" was I playing ? I just don't use the same name on any site, because the internet is full of creeps like you. It is obvious who I am, next.

this stinky neckbeard is giving you an e-hug and youre just going to have to deal with that hoser.

[donkdowndonedied]

naw bro, yer way too fucking ugly... and fat people usually stink.. especially neck beards that never see the light of day... and only hit on women with bush beards...

virtual hug tho !!!

awww how sweet

edit - what "character" was I playing ? I just don't use the same name on any site, because the internet is full of creeps like you. It is obvious who I am, next.

this stinky neckbeard is giving you an e-hug and youre just going to have to deal with that hoser.

I already gave you a virtual hug you dumb mother fucker. Don't you know thats an e-hug? Goddam you are retarded.

e-hug to dandruff tho, because I figure he's going to delete this shit.

[sonatine]

this stinky neckbeard is giving you an e-hug and youre just going to have to deal with that hoser.

I already gave you a virtual hug you dumb mother fucker. Don't you know thats an e-hug? Goddam you are retarded.

i gave you one first, youre just going to have to deal with the fact that once again youre biting my style and playing catch-up.

[donkdowndonedied]

I already gave you a virtual hug you dumb mother fucker. Don't you know thats an e-hug? Goddam you are retarded.

i gave you one first, youre just going to have to deal with the fact that once again youre biting my style and playing catch-up.

I just e-farted in your face bitch.

[sonatine]

thats not even true. AGAIN.

[Dan Druff]

I'm not going to delete the sonatine/hoser fight, but I will move it to its own thread if it continues for much longer.

This is actually an interesting thread, and I'd prefer it didn't get contaminated with personal insults.

[chinamaniac]

I heard that another trading house had them at around $69, and I believe mt.gox hasnt officially resumed trading.

http://bitcoinity.org/markets

Look at the 24 hour graph, it tells the whole story.

[Dan Druff]

I heard that another trading house had them at around $69, and I believe mt.gox hasnt officially resumed trading.

http://bitcoinity.org/markets

Look at the 24 hour graph, it tells the whole story.

Oh wow, interesting. So that $124 is BS then.

Those other exchanges seem to be trading between like 65 and 84 right now, though they have been fairly stable over the past few hours.

[chinamaniac]

Gox reopens in 90 mins, will be interesting to see what their rates are

[cmoney]

I heard that another trading house had them at around $69, and I believe mt.gox hasnt officially resumed trading.

http://bitcoinity.org/markets

Look at the 24 hour graph, it tells the whole story.

Oh wow, interesting. So that $124 is BS then.

Those other exchanges seem to be trading between like 65 and 84 right now, though they have been fairly stable over the past few hours.

Yeah, I think gox stopped trading and then everyone panicked and are trying to upload anywhere they can. It is a confusing mess with the exchanges looking out for themselves which may lead to them manipulating the numbers. I think Gox might even know it is around 70 but they needed 24 hours to figure out a plan. I wouldnt be surprised if it went down to 70 on GOx before they shut it down and boosted it back up to 120 before halting trading

edit: according to the 24 graph link that was posted above

high: 245.10 low: 25.25
10m | 1h | 3h | 12h | 24h | 3d | 7d | 30d | 6m

i got all the way down to 25.25 on an exchange today

[donkdowndonedied]

Oh wow, interesting. So that $124 is BS then.

Those other exchanges seem to be trading between like 65 and 84 right now, though they have been fairly stable over the past few hours.

Yeah, I think gox stopped trading and then everyone panicked and are trying to upload anywhere they can. It is a confusing mess with the exchanges looking out for themselves which may lead to them manipulating the numbers. I think Gox might even know it is around 70 but they needed 24 hours to figure out a plan. I wouldnt be surprised if it went down to 70 on GOx before they shut it down and boosted it back up to 120 before halting trading

I wonder though, is it really in an exchanges interest to do such things? Bitcoins will go on, and people can continue to use them for small purchases. Ironically at this point I am happy to have the price go back down, because I have an interest in a service that uses BTC. The problem is when the price is $250 or $120, no one wants to buy them to use them, as they may very well drop down while in someone's possession. So even if they "collapse" (and I mean back to $15 or thereabouts..) people will go back to using them for what they were intended and I am content.

[BetCheckBet]

Gox reopening could make a worse mess than expecting. Lots of worry that gox cannot cover a bank run.

[Deal]

Gox reopening could make a worse mess than expecting. Lots of worry that gox cannot cover a bank run.

wtf does this mean? The exchanges are not holding funds for anyone, they just match buyers to sellers. A bank has deposits and they hold a percentage of them for the purpose of cashouts. A bank run happens when depositors come in mass to withdraw and the bank doesn't have enough on hand. How does that relate to an exchange that holds no assets?

[BetCheckBet]

Gox reopening could make a worse mess than expecting. Lots of worry that gox cannot cover a bank run.

wtf does this mean? The exchanges are not holding funds for anyone, they just match buyers to sellers. A bank has deposits and they hold a percentage of them for the purpose of cashouts. A bank run happens when depositors come in mass to withdraw and the bank doesn't have enough on hand. How does that relate to an exchange that holds no assets?

If mtgox is not holding funds though I'd be curious why they have withdrawal limits... everythign I have read indicates mtgox holds funds

[cmoney]

Gox reopening could make a worse mess than expecting. Lots of worry that gox cannot cover a bank run.

wtf does this mean? The exchanges are not holding funds for anyone, they just match buyers to sellers. A bank has deposits and they hold a percentage of them for the purpose of cashouts. A bank run happens when depositors come in mass to withdraw and the bank doesn't have enough on hand. How does that relate to an exchange that holds no assets?

I dont understand how the bid and the ask can be the same on these exchanges. How do they make money?

[cmoney]

wtf does this mean? The exchanges are not holding funds for anyone, they just match buyers to sellers. A bank has deposits and they hold a percentage of them for the purpose of cashouts. A bank run happens when depositors come in mass to withdraw and the bank doesn't have enough on hand. How does that relate to an exchange that holds no assets?

If mtgox is not holding funds though I'd be curious why they have withdrawal limits... everythign I have read indicates mtgox holds funds

I am confused. So Person A sells 60 bitcoins to Person B for 12,000 usd. Who is paying the 12k to person A. Who pays out the conversion? At the end of the day someone has the real currency

[BetCheckBet]

If mtgox is not holding funds though I'd be curious why they have withdrawal limits... everythign I have read indicates mtgox holds funds

I am confused. So Person A sells 60 bitcoins to Person B for 12,000 usd. Who is paying the 12k to person A. Who pays out the conversion? At the end of the day someone has the real currency

mtgox takes a 0.6% commision. Mtgox allows people to hold two accounts bitcoins and cash. They use this to facilitate the transfer between parties as I understand.