Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Btw what´s way scarier than the possible china ban is MTGox. It seems that their problems are gettin even worse.
A lot of the people haven´t heard from the support in the last 3/4 days.
Almost 30000BTC are stuck/lost in tx....
A lot of the people haven´t heard from the support in the last 3/4 days.
Almost 30000BTC are stuck/lost in tx....
Anyone who was around when Gox was 80%+ of the exchange volume, and they were hacked, and they caused a flash crash, and they shut down for a couple weeks, is certainly not concerned about the ramifications of total Gox failure in today's market...
But if you think it's scary, well... maybe we should take it more seriously!
Edit: Oh wait, why are you scared again?
50% doge 50% ripple 0% Bitcoin 
Oh... you are scared for us. Well thank you very much. Now I don't have to be scared knowing that you have it all taken care of!
Funny how the fonz has posted nothing but Goxfud since he got here. You'd almost think he has an interest in causing a panic.....
Of course your contributions to the topic were way more informative and more helpful for the community. I hope you still profit like a MF from the current situation...
Hmmmmm delicious profitable GOXFUD.
Protip: Exchanges are a zero sum game.
Protip: Exchanges are a zero sum game.
Money goes in, but no money goes out. How is that zero sum?
So? Even if everyone cashes out their coin and the price goes to 10k, the cash in GOX remains and the traders who stayed and accepted fiat are now legal owners of that fiat. Gox eventually fixes it's transmission woes and as per the zero sum game, the traders who didn't panic get what's theirs in the end. Gox ain't corrupt, ain't in financial difficulty, but is suffering from bad management. They retain their fees earned over 5 years and have more than enough in reserve(btc and fiat) to get through the problems and in the end the only people who lose are that newb's that panicked on the back of FUD.
You keep flailing, I'll keep profiting thank you.