But Dogecoin is doing well.
Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
11–20 of 151 posts
Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
#12I think all of us veteran Bitcoin users saw this coming for awhile now. It's all the new users (<1 year) that are affected. They tend to disregard our advice to steer clear of Mt. Gox (and holding their BTC in an exchange like a bank). They're probably the same people who keep supporting scammers like BFL.
Is there anyplace I can go to get the summary of advice from the Sage Old Veteran Bitcoin Graybeards?
Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
#13Is this the technical way of shutting your doors to stop the run on the bank?
Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
#14I think all of us veteran Bitcoin users saw this coming for awhile now. It's all the new users (<1 year) that are affected. They tend to disregard our advice to steer clear of Mt. Gox (and holding their BTC in an exchange like a bank). They're probably the same people who keep supporting scammers like BFL.
I bought some Jalapeños from BFL after my January order was not shipped until August, in the Black Friday sale. The sale was advertised as "units in stock, ready for immediate delivery" When they came (something like a full month later) they were approximately double the spec of the devices I thought I had ordered, but still for the same price. Thanks, I guess? I can't say if they're shipping any faster now, but if t…
The BFL gear is cute and all, but there's a simple fact with selling Bitcoin mining hardware that is probably never going to be overcome. Why would you sell something you could make profit on if you kept it for yourself? This is pretty much the reason why we have ASICminer, KNCminer and Bitfury all either running or building mammoth sized facilities of their own.
I particularly liked this juxtaposition on their store — http://i.imgur.com/uZVKRBX.png
Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
#15Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
#16Buy when there's blood in the streets (assuming the fundamentals are still good, which it looks like they are...) http://www.bitcoinpulse.com/
Outside of Mt Gox prices haven't really changed since yesterday. The only difference is that Mt Gox's $100 premium is gone now.
If I recall correctly, prices have dropped around $30 on coinbase in about 24 hours.
Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
#17Earlier quoted context omitted.
I bought some Jalapeños from BFL after my January order was not shipped until August, in the Black Friday sale. The sale was advertised as "units in stock, ready for immediate delivery" When they came (something like a full month later) they were approximately double the spec of the devices I thought I had ordered, but still for the same price. Thanks, I guess? I can't say if they're shipping any faster now, but if t…
The BFL gear is cute and all, but there's a simple fact with selling Bitcoin mining hardware that is probably never going to be overcome. Why would you sell something you could make profit on if you kept it for yourself? This is pretty much the reason why we have ASICminer, KNCminer and Bitfury all either running or building mammoth sized facilities of their own. I particularly liked this juxtaposition on their store…
I think a more appropriate question is, why would you ship on time when all of your previous customers' viability depends on your delaying new shipments as long as possible?
Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
#18Ok, time to find another exchange. Considering http://www.coinnext.com and https://localbitcoins.com Other suggestions?
Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
#19Earlier quoted context omitted.
I bought some Jalapeños from BFL after my January order was not shipped until August, in the Black Friday sale. The sale was advertised as "units in stock, ready for immediate delivery" When they came (something like a full month later) they were approximately double the spec of the devices I thought I had ordered, but still for the same price. Thanks, I guess? I can't say if they're shipping any faster now, but if t…
The BFL gear is cute and all, but there's a simple fact with selling Bitcoin mining hardware that is probably never going to be overcome. Why would you sell something you could make profit on if you kept it for yourself? This is pretty much the reason why we have ASICminer, KNCminer and Bitfury all either running or building mammoth sized facilities of their own. I particularly liked this juxtaposition on their store…
Why? How about lack of faith in BTC long-term price stability but existence of faith in people buying mining hardware?
Depending on your evaluations on those things, it'd make sense to sell none of the miners you manufacture, or all of them, or some of them to hedge your bets.
Also, short-term liquidity. You need to pay for manufacturing in hard currency, and you may want to hold on to your own BTC or have other reasons for not wanting to pay for manufacturing with USD converted from BTC.
Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows
#20I'm not bitter that when bitcoin was ~ $1/btc I almost bought 1,000 btc ... no not bitter at all :|
>I almost bought 1,000 btc
Are you just as bitter that you missed Apple, Microsoft, Tesla, Priceline, Intuitive Surgical or CNR?
Point being, these opportunities are everywhere, always. You're surrounded by them right now, they're just not obvious. But neither was BitCoin. And with the above you're actually buying into a real company, rather than speculating on a price change.