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Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows

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21–30 of 151 posts

Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows

#23
post #10
post #4

Buy 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.

On German marketplace bitcoin.de the price fell from roughly 605€ to 500€ some hours ago, but now it's "back" at 550€.

Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows

#24
post #10
post #4

Buy 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.

BTC-e dropped $100 compared to two days ago.

Localbitcoins ~50 pounds compared to two days ago.

Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows

#26
post #16
post #10

Earlier quoted context omitted.

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.

Coinbase has already recovered some today. It had dipped below $700 when I woke up this morning.

Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows

#27
post #9
post #8

I'm not bitter that when bitcoin was ~ $1/btc I almost bought 1,000 btc ... no not bitter at all :|

Cheer up, some of us actually had bit-fortunes and lost them at Satoshidice :)

Those were times, a gamble every 10 minutes, I didn't shave for weeks. I wonder why today lotteries are held only like once a week or so...

Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows

#28
post #14
post #7

Earlier 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 can think of one reason: long term risk. It's probably an easier ROI calculation to determine that selling a miner will be profitable vs deploying your own and hoping you'll get large enough returns over a much longer period of time. This is especially true if you take pre-orders.

Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows

#29
post #4

Buy when there's blood in the streets (assuming the fundamentals are still good, which it looks like they are...) http://www.bitcoinpulse.com/

There could be even more blood on Monday.

Short term the price will drop even more dramatically, but once recovered, it should increase more, as main exchanges will get more busy. Or is there a flaw in my logic?

Re: Mt. Gox Halts Bitcoin Withdrawals, Price Drop Follows

#30
post #8

I'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.

Buying into a real company is not speculating on a price change?
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