Bitcoin thread anyone?

[Pekelo]

Quote from Hoi:

Crypto-currencies are the Internet-of-money, and will do the same. [/B]

Since most money are already digital, I really don't see the big change for the average person...

 

[Hoi]

Quote from Pekelo:

Since most money are already digital, I really don't see the big change for the average person...

That's because you still cannot grasp what the bitcoin-protocol and network will bring you (in essence you have not watched that video, and/or have not understood it). Again...this NOT about digital money at all.

 

[Zr1Trader]

Overstock.com to accept bitcoin in q2 2014.... If the competitors want to keep up they should jump on the bandwagon too.


I'm finally in @$600 after the selling from china news. I figured a 50% pullback would be a good place to buy a bit. Got it through coinbase.

Bot 3 BTC

Will add if we get to 300, 150, and 75.


Will hold for 20 years, $100k btc or $0, whichever comes first.

All my mining operations of the alternate coins will be flipped for litecoins. Have 2X 7870's GPU's mining full time.

The only reason I can mine is because I bot this rig a while back . Now you can't find the equipment to mine without paying a huge premium.

Too bad I didn't know about this mining earlier lol....woulda coulda shoulda

 

[Hoi]

Quote from Zr1Trader:

Overstock.com to accept bitcoin in q2 2014.... If the competitors want to keep up they should jump on the bandwagon too.

They announced it last Thursday, and look what their stock on Nasdaq did: jumped 7% to $30

 

[Zr1Trader]

Overstock.com to accept bitcoin in q2 2014.... If the competitors want to keep up they should jump on the bandwagon too.


I'm finally in @$600 after the selling from china news. I figured a 50% pullback would be a good place to buy a bit. Got it through coinbase.

Bot 3 BTC

Will add if we get to 300, 150, and 75.


Will hold for 20 years, $100k btc or $0, whichever comes first.

Filled 300 , Filled 150 @btc-e

 

[Pekelo]

Somebody sold 5000 coins on BTC-e and cleared the order book down to $102. Buy of the century!!!

Unless the person knows something that we don't...

 

[Hoi]

Filled 300 , Filled 150 @btc-e

Wow, lucky you !

(There's a lot of FUD after the unfair finger-pointing of Gox to a "bug in the protocol", while it's actually a bug in their own spaghetti-code. Some big trader got spooked by the FUD and shorted the whole Book ....... Gox will die soon, some new USA-exchange will take over liquidity, and all will be fine in about 6 to 9 months)

 

[ElCubano]

Filled 300 , Filled 150 @btc-e

nice. great fill

 

[Pekelo]

and shorted the whole Book

There is no indication he was shorting it. It was just a huge market order but he probably had the coins.

Possibilities:

1. Fat finger mistake.
2. Stolen coins sold quickly, money already withdrawn. (average price was around $400)
3. Person knows something, what we don't.
4. Idiot got scared, acting on impulse.

 

[Hoi]

There is no indication he was shorting it. It was just a huge market order but he probably had the coins.

Possibilities:

1. Fat finger mistake.
2. Stolen coins sold quickly, money already withdrawn. (average price was around $400)
3. Person knows something, what we don't.
4. Idiot got scared, acting on impulse.

You are right, not shorting but selling his position.

It did look like a Flash-crash to 102 (and immediate jumped back to 650). My Guess: a Russian-trader as it happened on BTC-e only (spooked by the latest ban) and triggered by the Gox FUD (Fear, Uncertainty, Doubt).