Bitcoin at all time high

[Hockey Guy]

Then again... if MtGox manages to not completely destroy this thing, and reliable exchanges start putting a dent in their market share, maybe there's a small ray of hope for bitcoin yet.

Really? really?

Some pimplefaced geek invented some viritual coins and you are crying for a nasdaqish reliable place to trade them? yea thats gonna happen.
Also do you really think governments will/would do nothing about this currency suited for criminal activties?

coins are doomed one way or the other

Why do certain people just attack SrslySirius if he says even the slightest thing that can be construed as a positive comment about Bitcoins?

You act like he's a big proponent of these things when he clearly is not. He's just not all hate all the time for no other reason than to hate Micon. Fucking get over it.
All he's saying is a reliable exchanges to compete with MtGox would be a good thing if they have any chance to survive.

[adamantium]

Really? really?

Some pimplefaced geek invented some viritual coins and you are crying for a nasdaqish reliable place to trade them? yea thats gonna happen.
Also do you really think governments will/would do nothing about this currency suited for criminal activties?

I know English isn't your native language, so I'll forgive you for completely misinterpreting what I said.

Sorry I thought you wrote there might be a small ray of hope for bitcoins

[adamantium]

Really? really?

Some pimplefaced geek invented some viritual coins and you are crying for a nasdaqish reliable place to trade them? yea thats gonna happen.
Also do you really think governments will/would do nothing about this currency suited for criminal activties?

coins are doomed one way or the other

Why do certain people just attack SrslySirius if he says even the slightest thing that can be construed as a positive comment about Bitcoins?

You act like he's a big proponent of these things when he clearly is not. He's just not all hate all the time for no other reason than to hate Micon. Fucking get over it.
All he's saying is a reliable exchanges to compete with MtGox would be a good thing if they have any chance to survive.

So are you saying I replied because of who wrote it and not what was written? I have nothing against SRSLY, hes my boy.

[SrslySirius]

I know English isn't your native language, so I'll forgive you for completely misinterpreting what I said.

Sorry I thought you wrote there might be a small ray of hope for bitcoins

Sure. There might be, if those things I mentioned happen. I don't exactly pin all my hopes and dreams on it happening. I own 2.8 BTC that I paid like 10 bucks for. It makes almost no difference to me.

And small ray of hope doesn't mean high chance of long-term prosperity. It could absolutely get crushed by government intervention eventually.

[adamantium]

Also cheers fellas TGIF
adamantium, cmoney, Crowe Diddly, Deal, Edward Teach, FrenchJew, mackerdoodle jones, Shooz, sonatine, SrslySirius

[adamantium]

Sorry I thought you wrote there might be a small ray of hope for bitcoins

Sure. There might be, if those things I mentioned happen. I don't exactly pin all my hopes and dreams on it happening. I own 2.8 BTC that I paid like 10 bucks for. It makes almost no difference to me.

And small ray of hope doesn't mean high chance of long-term prosperity. It could absolutely get crushed by government intervention eventually.

Back up the truck on long term prosperity being 0%

[SrslySirius]

Sure. There might be, if those things I mentioned happen. I don't exactly pin all my hopes and dreams on it happening. I own 2.8 BTC that I paid like 10 bucks for. It makes almost no difference to me.

And small ray of hope doesn't mean high chance of long-term prosperity. It could absolutely get crushed by government intervention eventually.

Back up the truck on long term prosperity being 0%

"Small ray of hope" allows for short-term prosperity too.

[mackerdoodle jones]

Is there anywhere I can watch a LVL II for this to see order flow?

Google is my friend.


http://bitcoin.clarkmoody.com/

jesus. someone is stuck trying to sell 1750 bitcoins at $74 each. just wow.

[DJ_Chaps]

528 coins sold in one lot. The big bids are getting hit.

[DJ_Chaps]

Halted? can't connect to market data stream.

[sonatine]

http://bitcoinity.org/markets

deffo not halted.

[sonatine]

BTC-E, a major bitcoin currency exchange site, is facing accusations from hundreds of its own users and the bitcoin community in general that they have simply started clearing out and folding up accounts and hijacking buy/sell requests, ostensibly in an effort to wipe out records of sales/purchases that took place during the boom and to avoid the debts they could not possibly cover from the grossly inflated BC value.

People are speculating that the (internally?) orchestrated collapse of BTC-E may have instigated the collapse/sell-off across all currency changes.








Oh and:


Domain name: BTC-E.COM
Name Server: brad.ns.cloudflare.com
Name Server: gail.ns.cloudflare.com
Creation Date: 2011.06.17
Updated Date: 2013.02.14
Expiration Date: 2013.06.17

Status: DELEGATED

Registrant ID: YLNB25U-RU
Registrant Name: Svetleichi Dmitri
Registrant Organization: Svetleichi Dmitri
Registrant Street1: 13a, Sobachkina str.
Registrant City: Pushkino
Registrant Postal Code: 854785
Registrant Country: RU
Contact Phone: +7 495 1234567
Contact E-mail: paxumbt@gmail.com

Administrative, Technical Contact
Contact ID: TQ48P0A-RU
Contact Name: Semenov, Igor
Contact Organization: BTC-E.com
Contact Street1: 13a, Sobachkina str.
Contact City: Pushkino
Contact State: Moscow region
Contact Postal Code: 123456
Contact Country: RU
Contact Phone: +7 495 1234560
Contact E-mail: support@btc-e.com

Registrar: Regional Network Information Center, JSC dba RU-CENTER

But Im sure thats just a coincidence.

[badguy23]

I feel we have been rolled by Bryan Micon!!! You think Justin Wade Smith could be behind all of this??

[WillieMcFML]

question for cmoney...

when you predicted the btc crash, was that just the wormhole talking, or did you have some porn/eastern euro/deepweb/bitcoin, inside info?

[Avon Barksdale]

Worst.

AMA.

Ever.

Morgan Freeman AMA amirite?

[Belly Buster]

In conclusion bitcoins are the same as online poker.

Mt Gox = Lock Poker
bicoin-24 = Ultimatebet
Bots = bots
Russian rampers / derampers = Russian freeroll whores

Even if you win you might not get paid.

[The_PHA]

It looks as though Bitcoins has simply turned into some type of gambling / daytrading mechanism. The whole concept of this being a legit currency is pretty stupid. With this dropping and gaining 40% a day sometimes, no merchant could ever sell a legitimate product as cmoney stated. In addition, it is clear this is being manipulated to the point the unregulated premise is rearing its ugly head.

I find it bizarre people take at face value there are only 11M of these in circulation. Says who? Some random ghost on the internet? This shit has Mafia written all over it. It already looks as a long planned orchestrated scheme. There is no reason for bicoins to exist other than for shady shit.

I really don't see the action play with these things. If you are looking for action on a daily basis, open up a stock account and daytrade OTC and penny stocks. There are plenty of cases of a OTC going from a quarter to $4 in a day if you are looking to gamble.

[sonatine]

I find it bizarre people take at face value there are only 11M of these in circulation. Says who? Some random ghost on the internet? This shit has Mafia written all over it. It already looks as a long planned orchestrated scheme. There is no reason for bicoins to exist other than for shady shit.

Its a theoretical ceiling of 21M unique bitcoin hashes iirc and I believe that ceiling is the product of a mathematical limitation in the hash generation algorithm, but someone mathy is going to have to yay or nay that definitively.

[The_PHA]

I find it bizarre people take at face value there are only 11M of these in circulation. Says who? Some random ghost on the internet? This shit has Mafia written all over it. It already looks as a long planned orchestrated scheme. There is no reason for bicoins to exist other than for shady shit.

Its a theoretical ceiling of 21M unique bitcoin hashes iirc and I believe that ceiling is the product of a mathematical limitation in the hash generation algorithm, but someone mathy is going to have to yay or nay that definitively.

Regardless, to your point, if a majority of the accounts are from places like Romania, I want no part of this. Eventually people are simply not going to get paid because the spreads are too severe.

DHS will have to get involved, this has laundering written all over it, especially if they see trades from North Korea, Iran, etc... They can easily crush this by forbidding banks from accepting deposits from these web transfer portals.

Like I said, you can easily get this type of action with penny stocks and you know you will get paid. If you got a money truck on these, PAY YOUR 30%, because I guarantee the IRS has already flagged transfers like this.

[sonatine]

Its a theoretical ceiling of 21M unique bitcoin hashes iirc and I believe that ceiling is the product of a mathematical limitation in the hash generation algorithm, but someone mathy is going to have to yay or nay that definitively.

Regardless, to your point, if a majority of the accounts are from places like Romania, I want no part of this. Eventually people are simply not going to get paid because the spreads are too severe.

DHS will have to get involved, this has laundering written all over it, especially if they see trades from North Korea, Iran, etc... They can easily crush this by forbidding banks from accepting deposits from these web transfer portals.

Like I said, you can easily get this type of action with penny stocks and you know you will get paid. If you got a money truck on these, PAY YOUR 30%, because I guarantee the IRS has already flagged transfers like this.

Oh no question, I was just addressing the 'potentially infinite bitcoins' theory.

But really thats a minor concern. Anyone in the fucking world can open a bitcoin currency exchange site and hijack transactions or cash with zero point zero chance of being penalized. All you have to determine whether or not a site is legit is consumer reputation and review. And what BTC-E did was sit back, rake in their transaction fees, wait for the market to peak, then cash out a bunch of their clients bitcoins. AND PEOPLE ARE STILL EXECUTING TRADES ON THEM RIGHT NOW.