Bitcoin at all time high

[anonamoose]

it is there was a fire off of a lot of bitcoins at a very low price and then the markets started to go down and lag extremely. people did this just a week ago it was the same situation.

dude this is nothing like last week; even the value reflector sites are offline from load.

basically everyone is ringside, watching this shit crash and burn and/or trying to mitigate losses.

trade volume isn't much higher than it was at 250. so yeah, no one is mitigating loses.

[SrslySirius]

ddos is making people panic that's why it's plummeting. i'm freaking out because i cant buy. freaking bitinstant isn't accepting cash deposits right now for some reason.

Is there really much of a DDOS going on though?

From what I've seen, MtGox was loading slowly one time, but other than that, it has been refreshing quickly.

It happened just a week ago. This plummet happened when everything was running smoothly. It definitely wasn't DDoS related, just mass selling. But it might be getting attacked again now to boost the tailspin.

[SrslySirius]

Last week's fire sale was directly related to the DDoS. This one just happened unprovoked.

[DaGreek23]

LOL at Micon's tilt tweet about people texting him regarding bitcoin prices.

[Cokehead]

LOL at Micon's tilt tweet about people texting him regarding bitcoin prices.

Ha ha

Bryan Micon ‏@BryanMicon 25m
Please stop texting me about the price of #bitcoin ... its fucking volatile & u knew this

https://twitter.com/BryanMicon

[simpdog]

http://sealsdeals.info/?wsop

The LOL is Micon selling pieces of himself for wsop with seals chips.

What happens when Bitcoins go up/down 50% before he cashes it out to USD for his buyins.

LOL

[sonatine]

LOL at Micon's tilt tweet about people texting him regarding bitcoin prices.

Ha ha

Bryan Micon ‏@BryanMicon 25m
Please stop texting me about the price of #bitcoin ... its fucking volatile & u knew this

https://twitter.com/BryanMicon

[BeerAndPoker]

Micon has no problem talking about Shitcoins when they are on his terms but question him when they are fluctuating like crazy and he don't want to hear about it.

[Cokehead]

http://sealsdeals.info/?wsop

The LOL is Micon selling pieces of himself for wsop with seals chips.

What happens when Bitcoins go up/down 50% before he cashes it out to USD for his buyins.

LOL

Ya I just made a new thread about this, merge it if u want Druff. But u bring up a point i missed, what if he takes a big loss in bitcoins and cant afford to play!

[cmoney]

LOL at Micon's tilt tweet about people texting him regarding bitcoin prices.

Ha ha

Bryan Micon ‏@BryanMicon 25m
Please stop texting me about the price of #bitcoin ... its fucking volatile & u knew this

https://twitter.com/BryanMicon

[kmksmkn]

Last week's fire sale was directly related to the DDoS. This one just happened unprovoked.

whats DDoS?

[Cokehead]

Well its 120 now and the low is 105 so I think whatever recovery it had is gone. But guess what friends?? Its Wednesday so I really am gonna pray there is DD radio tonight, Im gonna listen for sure!!

[Cokehead]

Bryan Micon ‏@BryanMicon 31m
"@jordanPmorgan: @BryanMicon RABBLE RABBLE RABBLE" yes, I know why its going down: sellers outpaced buyers recently pic.twitter.com/3rNjQ1cSI1

[Dan Druff]

Regardless of what happens here, this is going to be damaging for the future value of bitcoin because it shows that crashes are not just limited to temporary panic-sells from DDoS attacks and hackings. It's indicative of the fact that, at any time for any reason, the value can just go completely into the toilet if a small percentage of bitcoin owners decide they are done and prefer to get out. Once there is the impression that more people want to sell than buy, everyone panics and feels they have to get out NOW before the next crash, thus actually causing the next crash.

[PLOL]

Even though I own as many as two bitcoins, I would like to see them crash to $1

[garrett]

Even though I own as many as two bitcoins, I would like to see them crash to $1

Is that them 2 Rollo coins lol?

Man how did these fools now to get the f out of dodge.

[cmoney]

Regardless of what happens here, this is going to be damaging for the future value of bitcoin because it shows that crashes are not just limited to temporary panic-sells from DDoS attacks and hackings. It's indicative of the fact that, at any time for any reason, the value can just go completely into the toilet if a small percentage of bitcoin owners decide they are done and prefer to get out. Once there is the impression that more people want to sell than buy, everyone panics and feels they have to get out NOW before the next crash, thus actually causing the next crash.

Exactly. Also business owners want to deal with a currency that is relatively stable. This will make anyone thinking about taking bitcoins as payment to think twice which is probably the most important part of legitimatizing an alternative currency.

I think a group of people have been fucking with the price this whole time which is why I thought around the 250 price point it was time to bail. It isnt too high but not too low.
The swings are similar to those of over the counter stocks. The market is so small that a big sell order destroys the price.

Some Harvard business schools alumni are probably high fiving each other right now looking through Ferrari.com for their next ride while chanting SFO.

[SrslySirius]

Last week's fire sale was directly related to the DDoS. This one just happened unprovoked.

whats DDoS?

Distributed denial of service attack. Basically it's when someone overloads a server to slow down a website or bring it down. It's like a billion people mashing the refresh button. Simplified explanation, but that's the gist of it.

Even though I own as many as two bitcoins, I would like to see them crash to $1

If it totally crashes, I'll lose out on several hundred dollars of free money. But I'll probably feel relieved knowing that I didn't in fact miss out on tons of money by walking from Seals.

[PLOL]

Even though I own as many as two bitcoins, I would like to see them crash to $1

If it totally crashes, I'll lose out on several hundred dollars of free money. But I'll probably feel relieved knowing that I didn't in fact miss out on tons of money by walking from Seals.

I bought them for $150/btc effective. But Imma run it up in the Sunday 2BTC tourney. Last time I ran 3btc up to 20btc and then back down to 0.

[Muck Ficon]

Regardless of what happens here, this is going to be damaging for the future value of bitcoin because it shows that crashes are not just limited to temporary panic-sells from DDoS attacks and hackings. It's indicative of the fact that, at any time for any reason, the value can just go completely into the toilet if a small percentage of bitcoin owners decide they are done and prefer to get out. Once there is the impression that more people want to sell than buy, everyone panics and feels they have to get out NOW before the next crash, thus actually causing the next crash.

Exactly. Also business owners want to deal with a currency that is relatively stable. This will make anyone thinking about taking bitcoins as payment to think twice which is probably the most important part of legitimatizing an alternative currency.

I think a group of people have been fucking with the price this whole time which is why I thought around the 250 price point it was time to bail. It isnt too high but not too low.
The swings are similar to those of over the counter stocks. The market is so small that a big sell order destroys the price.

Some Harvard business schools alumni are probably high fiving each other right now looking through Ferrari.com for their next ride while chanting SFO.