Gox closes down, good bye you magnificent bastard

xelite777 · Feb 25, 2014

peilthetraveler said:
Allow me to introduce myself...

These are the first words of the "Sympathy for the Devil" song, by the Rolling Stones.

Sympathy for Satan , in other words.

Enough said, one more time.

(Nothing wrong with Pop Music in general, by the way)

And , oh yeah, I almost forgot, "Va de Retro Satana" (google for that sentence...)

drownpruf · Feb 25, 2014

peilthetraveler said:
Probably not. Here is some old evidence that even back then, he didnt know what he was doing.

That screengrab is legit? F

Zr1Trader · Feb 26, 2014

oh wait price is higher now that gox is gone. lol

No bailouts of failed companies in crypto world, it's a good thing called free market capitalism.

if you want to talk about failed "regulation" I'm all ears. Madoff made out with 10-20 billion , MFglobal PFGbest. I can go on and on.

Pekelo · Feb 26, 2014

Zr1Trader said:
oh wait price is higher now that gox is gone. lol

Which was very predictable and anyone with a little brain cashed out before the Gox shutdown and bought back in the crash... And yes, I predicted it. I even said yesterday we would go back to the $600 level and the overnight high was 592 -610 before falling back to the 550ish level....

Posted yesterday morning:

Pekelo said:
Short term it will probably go back to the above $600 range.

Grandluxe · Feb 26, 2014

The moment Baron created a sub forum for Bitcoin, that was the top pretty much.....

ElCubano · Feb 26, 2014

Grandluxe said:
The moment Baron created a sub forum for Bitcoin, that was the top pretty much.....

actually if I remember correctly. It was trading at 100 or maybe 300. Which was like a day and a half before it hit the top...haha

newguy05 · Feb 26, 2014

take a look at this thread, this is how it all began that ended in tears for many. fun read.

https://bitcointalk.org/index.php?topic=444.0

drownpruf · Feb 26, 2014

Pekelo said:
Which was very predictable and anyone with a little brain cashed out before the Gox shutdown and bought back in the crash... And yes, I predicted it. I even said yesterday we would go back to the $600 level and the overnight high was 592 -610 before falling back to the 550ish level....

Posted yesterday morning:

Oh c'mon. The daily ATR on this thing is like 140. It's like predicting the SPX will trade in a 5-pt range. You predicted Mt Gox was going to implode? How prescient!

SIUYA · Feb 26, 2014

newguy05 said:
take a look at this thread, this is how it all began that ended in tears for many. fun read.

https://bitcointalk.org/index.php?topic=444.0

just go to Page 5 Post 88 - take it up with someone else if there is a problem!
Imagine if the banks could use that as a disclaimer. LOL

newguy05 · Feb 26, 2014

SIUYA said:
just go to Page 5 Post 88 - take it up with someone else if there is a problem!
Imagine if the banks could use that as a disclaimer. LOL

nice little gem

> 1. What happens if PayPal reverses some payments in or payments out?
This has happened once now. I'm just eating the charge which sucks so please, please don't do this.

> 2. What happens if the operator of MtGox dies (or is kidnapped or imprisoned or whatever)?
The site will still be up so you can just withdraw your funds. Or just keep trading...

> 3. What happens if someone hacks the website and finds a way to send themselves everyone's BTC balances?
Not sure. If it is a bug in bitcoind you will probably have to take it up with satoshi