Bitcoin down 60% to $100 • Hacker News Board

Re: Bitcoin down 60% to $100

#91

Post by tedchs » Wed, Apr 10, 2013, 8:40 PM UTC

publicfig wrote: post #86

tedchs wrote: post #80

Can someone tell me how to put a filter on my Hacker News account to remove the multiple-times-a-day articles about Bitcoin? Bitcoin is the opposite of a useful thing for my business, where I need actual revenue in dollars so I can turn around and pay my expenses in dollars.

This is a community with a variety of interests and needs that shares articles that may or may not line up with your interests and needs 100% of the time. That's the price of going to a collectively aggregated news and discussion site, you have to see stories that may not be specifically relevant to you.

Yes, and that's why I continue to happily read Hacker News. You missed my point that I believe it's excessive to have a "news story" every time Bitcoin fluctuates. I would love to know how many Y Combinator or other startup companies are transacting in BTC -- my guess is under 1%.

Re: Bitcoin down 60% to $100

#92

Post by StavrosK » Wed, Apr 10, 2013, 8:48 PM UTC

ghshephard wrote: post #29

Market is all over the place - I logged in with chrome, hit "Sell at current Bid Price" - (which was $135) - but the interface wouldn't accept a click on the "Sell Button" Thought it might be my browser, so I tried logging in with Firefox, hit "Sell at Bid Price" - Which, about 30 seconds after my first attempt with chrome was now $175. Something is going to crash spectacularly when you get a $40 swing on something l…

Why would you not sell then yesterday, at $4k?

Re: Bitcoin down 60% to $100

#93

Post by ghshephard » Thu, Apr 11, 2013, 12:10 AM UTC

StavrosK wrote: post #92

ghshephard wrote: post #29

Market is all over the place - I logged in with chrome, hit "Sell at current Bid Price" - (which was $135) - but the interface wouldn't accept a click on the "Sell Button" Thought it might be my browser, so I tried logging in with Firefox, hit "Sell at Bid Price" - Which, about 30 seconds after my first attempt with chrome was now $175. Something is going to crash spectacularly when you get a $40 swing on something l…

Why would you not sell then yesterday, at $4k?

Only found them this morning - Sold them for $120 though - so that was a pleasant surprise. Kind of like when you were younger and found $20 in a jacket pocket and it was like you had won the lottery.

But - seriously, I wonder how many people on HN alone have a .bitcoin directory with a wallet and a few stray coins that they've forgotten about over the years. Time to login to all those VPS/VMware/Linux hosts and do some housecleaning - it's like coinstars on steroids.

Re: Bitcoin down 60% to $100

#94

Post by cmutty » Thu, Apr 11, 2013, 1:54 PM UTC

CodeCube wrote: post #88

cmutty wrote: post #65

Earlier quoted context omitted.

and just wait for the SEC to reverse their recent no action decision when the people on the losing end start crying foul.

I'm actually really curious, how could the SEC (or any agency) take any action here? Sure, they can make rules that say you shouldn't trade bitcoins, or maybe even threaten fines ... but for someone who doesn't care to report their activity, is there any way to be "Stopped" from doing so?

By no means am I a securities or legal expert but the SEC has authority to regulate any marketplace, exchange, or "investment opportunity" to ensure investors are protected from fraud.