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BitCoin Halted
Yes, it is supposedly distributed, but that does not prevent BTC trading platform MtGox from halting trading for a bit, or 12 hours as the case may be.
In other news, according to today's leaked memo from the bearded chairman, one should move out of the BitCoin bubble and boldly go into the S&P bubble.
h/t @thedrickster1
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It's funny you mention Magic: The Gathering, in light of the original purpose of Mt. Gox. For those who don't know... it stands for Magic The Gathering Online eXchange.
No joke.
No. Freaking. Way.
Up arrow for you. Had no idea.
I find it even more funny to learn this bit of information from "AndItsGone" with the pets.com sock puppet avatar...if that ain't irony, I don't know what is.
Mentioning magic cards is also interesting, as they come from a printing press, and because they have retained their value for the sole reason that the printer has had the discipline to not print more of them.
OMG! A Shadowmage Infiltrator has wormed it's way into Mt. Gox...You may draw a new card.
ROFL!
Jokes on the Bitcoiners! Hustlers found a new hustle. And the beauty of the internet is the marks come to them. Easy money!
Do you have a Steg to sell? I'll pay cash and throw in a Zip the Cat.
You tell me when the nodes stop exchanging bitcoins. Bitcoin is p2p so I don't care about MtGox or how many Benny Bux my BTC is worth. Until that time your point is moot.
FONESTAR: You're just begging to get hurt:
Don't say I didn't try to warn you.
My impression of you:
You're young, in your early 20's, living at home. You're not rich, don't come from a rich family, but not poor either. Your family works hard for what they have. You follow the alternative media (Keiser, Alex Jones, etc.).
Politically, you identify closest with Libertarian trains of thought, and Austrian school economics. This is because you see the system for the scam that it is, and you want to do something to change it. You recognize that the "current situation" = doom.
Christian background, Caucasian, live in the Midwest, maybe.
Honesty time.
Not with me, but with your self: How many am I right on?
Trust me man. I'm not knocking on your Bitcoins because I have any type of resentment, or animosity towards you, or Bitcoin. But I know bullshit when I see it, pal.
fonestar is begging to get hurt? Perhaps. You threw a lot of shit-minded innuendo towards the MidWest on your post as well Croesus. I will remember that. There is one thing that you forgot on your list of our atrocities: We are gun owners.(and we have ammo and plenty of it) I have a bachelors degree in horticulture from the University of Wisconsin.(all hail the state of course) Catching on yet?
nice Cro
Can we use this latest, completely Decentralized, and un-fuckable action as a canard when team bitcoin finally get those new nodes up and running....
Did Alvic realty retract that bitcoin for real estate offer yet?
Or they have shutdown for 12 hrs due to, oh I don't know... a hack maybe :-)
http://techcrunch.com/2013/04/11/mt-gox-cross-site-scripting-attack-wipe...
CH1.........is that you?
LOL.
A 'Forum' letter to accompany the chart porn. Niiiice.
Just make sure you wipe well
One more thing......dont buy gold......its a barbarous relic
Yeah, I hope this is the bit where we discover all the bitcoin charachteristics that are similar to gold...
This must be an inverse chronology of events.
I still prefer the Lamborghini & cocksucking babes story.
http://bitcoin.clarkmoody.com/widget/chart/
I am not familiar with ZH rules yet and not sure how far can one go
Here's some inspiration - http://buttcoin.org/
Great site. I haven't laughed so hard since the dot bomb era and the end of Open Market as described by "Ghost of Open Market" on the Yahoo stock board. Good times.
Nice link. I particularly enjoyed this commenter: "Oh you're still into Bitcoin yeah I guess they're ok, I'm more into Litecoin and Namecoin, they're a bit more indie, but yah Bitcoin's cool."
I'm still scrollin' & lol'n - but they had me at the first frame of "a story in 6 panels"
^^
If the first post is any indication, I think you can go pretty far.
I do suggest you begin each post with the phrase, "Dear Forum"
Hahahaha! Nice one, A Dog, had a nice "Christmas Story" feel to it. Your screen name should be Ralphie.
Drink your Ovaltine, bitcoiners!
A_Dog = Brett Easton Ellis
"Oh god, what have I done?"
Did I write that piece..... ? I have the bitcoins, so maybe I did.
Seriously, funniest shit I ever read on this site. +1000 man!!
Well that's not a good sign.
Damnit, I was $30 bid GTC
Everybody panic!!!
I want a buy in price below $50.
You never know, lady luck is VERY quick these days...
Unless of course, the price has gone up so much they need a bigger screen to fit all the zero's on...
or a bigger database to fit all the zero's in...
happens to the best of fiat currencies... don't worry.... at max it can drop 99,99999%
I think it all started out with $0.01 per BTC. :'(
There's going to be an even bigger plunge, once this shabang re-opens - call it Elliott Wave III. :)
I don't get it. Since bitcoin is p2p open source, what the fuck this exchange thing has to do with it? MTGOX is a BS just for stupid people who cannot think what the freedom is. fucken 99%centers. Asshole
What is it with you Europeans always using commas for periods and periods for commas in numbers? Seriously, WTF?
/off topic rant
Lemme check.... Could it be because they were doing it before the US was a country and 'Wagon-burners' were burning wood? /s
But since you are writing in "English" you should be aware that the United States Government recently completed acquisition of all rights to the language soon to be formerly known as "English".
We plan to re-brand it "American" or " Talkin' ".
amrkneeeez.
Corzined.
"Bank" Holiday!
Yes, happens in the Fiat-System all the time.
I knew I should have bought that Bitcoin house. Someone scored on that deal if they played their cards right.
Would've been a good deal indeed.
Bitcoin is a smaller version of S&P.
The only difference is that people PERCEIVE that the Fed cannot allow it to collapse.
Truth is that S&P will pull a bitcoin, very, very, very soon.
From your lips to God's/Ben's ears.
I will believe that when I see it.
What would the reason be for them to sell - if the Fed has their backs then all you do is buy every day. Valuations no longer matter - neither does news, GDP, earnings, macro risk - nothing. There has yet to be any risk event that even stops the buying for more than a few hours in the last 4+ months. Since Dec we have only had 1 selloff that lasted more than 1 day - that was the 30pt drop in Feb - that took 2 days to undo. All others last a few hours.
All that fresh money has to gone to S&P and..............CRUDE OIL.
Economy is dead and needs resurrection. Only crude oil cheapness resurrects the economy and nothing else.
They will release from the SPR very soon to revive the dead economy, same as in 2008, same as Bush did. This will trigger derivatives.
Benny has become an order taker. Orders come from Obama and Boehner. Those are his two bosses, constitutionally.
You've got it backwards, Ben is the boss.
He who has the counterfeited dollars makes the rules.
He who has the guns makes the rules
EKM, this is not the old USSR..........the American Empire has a reserve currency and a petro-dollar to defend...........The Bankers and Tankers are in bed together
I think this is quite similar to USSR.
I also think that Bankers and Big Oil are fighting against each other.
Bankers are funding the Dems, Big oil are funding the Repubs.
Bankers are cutting into Big Oil's profit by getting in the middle.
USSR? This resembles more the Third Reich, in it's earlier stages than the USSR.
Corporatism=Fascism before the smiles turn to frowns.
I was thinking more Romulus Augustus...
What would the reason be for them to sell...
to get into another asset that is outpacing the nominal valuation of the S&P in real terms.
S&P Tank? Can't imagine the Fed letting it's flagship go down without an epic fight. Unless of course, it wants a nice crisis to take advantage of. Like a chance to go full on Krugesian.
FIRE Economy rages on. The three legged stool supporting it all.
precisely.
They want to print by quadrillions now. Only a super crash will make it possible.
"We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform."
Uh-huh.
Honest mistake. Those are actually price quotes, they just forgot the"at $". It should have read like this:
"We're always on. Buy and sell Bitcoin at $24/$7/$365...."
"The sign says you're open 24 hours."
"Well, yeah. But not -- you know -- all in a row."
( I think that was Steven Wright. )
lol. wow.
bitcoined.
Bitconned?
http://www.testosteronepit.com/home/2013/4/9/bitcoin-bait-and-switch.html
Bitcorzined
Oh but silver is too volatile and scary!
Silver is actually up a little from the Europe session. The irony. ;-)
Sounds like my wife during her" ladies time"....volatile and scary
you forgot:
hostile, vile, crazed, belligerent, insane, wacked-out, hysterical,........
AND ALWAYS RIGHT. Yes, dear. I'll be at the bar for the next 4 days, mmkay?
"No, it's okay, I've got my sleeping bag and toothbrush. Love you, see you next Tuesday. There's some chocolate in the pantry."
and white wine in the fridge...I'm gone fishin'!
Sterling Archer! What, now perma-rag Lana now turn you into a pussy?
Sucks living in a maternalistic society, doesn't it? Tired of being manipulated? Take a long solo vacation, long enough she misses you. Could take a couple of months.
Looks like the holders of bitcoins haven't suffered enough to be left alone. This is getting sort of ugly. What have they done, to deserve such a treatment? Didn't they just try to make some profits, which in and of itself wouldn't be a bad deed? This is a little frustrating, even though I don't hold a bitcoin. Disgusting at least ...
Poor guy. You never got to play dodgeball vs. the retards during recess did you?
Hazing isn't bad. It's simply the salt of reality that adds a little spice to life.
Come on, you little homeboy. I am a patient person, and one can always argue with me (at least I think so). But your ad hom is simply pitiful. Take an advice from a man who wishes you no harm: Mind your karma. And feel free to junk me anytime, if that helps you to feel a little better ...
LOL. They taught you that violence is bad, didn't they? That it "never solves anything". Well, sorry, but Heinlien was fucking A correct. It's the only damn thing that does.
So here's my point. Someone fucks up. They know it. But they'll rationalize it to protect their Id and ego and all that shit. Their feelings. We all do it, it's a human fault. What keeps you grounded in reality, what keeps society functioning is when other members of that society <remind> you that you fucked up. And if you do it again, you have to be reminded a little more sternly. Memories fade and sometimes have to be printed on a mind with something that doesn't wear off quite as fast.
I'm no fucking shrink, but I'll bet you 100 bitcoins that the fucking goink Adam Lanza never heard the word "No" directed at him in his life until shortly before he tripped offline. If he'd been brought up old school, reminded by a jury of his peers that erratic behaviour was going to earn him penalties, EVERY time he committed erratic behaviour a natural sort of self-correction would have been ingrained on the lizard part of his brain. Fire bring pain, that sort of thing.
Now, how does this relate to finances? Well, you see, politicians and bankers are a lot like retards. So alike, it's hard to tell the difference at times. And we've been lenient and patient and "gentle" with them for far too fucking long and the result is this goddamn mess we're all currently enjoying.
So thanks for the tounge clicking and the tut-tutting, but I've gotten along just fine "being mean" to retards and I'll opt to keep right the fuck on trucking.
Now you are talking in a way I can make sense of. I not even really disagree with you, except on one point: "They" didn't fuck that up all on their own (in which case you would be completely correct), but, as far as I can see, "they" were fucked up by ... ah ... I think you know exactly by whom.
Bitcoiners paid for an education, and they need to make sure they got an education. Or "they" might fuck the Bitcoiners up again.
I have to admit you make a point.
I take it that you actually believe the Adam Lanza narrative? I've read better fairy tales.
Never heard of that. Explanation or link would be appreciated.
What they did is that they participated in a Ponzi Scheme.
They were plenty warned about it on ZH>
As were the participators in those other ponzi schemes ....
No, a ponzi scheme promises to pay interest. Bitcoins promise to give you bitcoins. We got what we are paid for, we are owed nothing.
It is more like we invested in a decentralized unregulated fiat currency and suffer massive fluctuations from little trading volume. Hairy, but not a ponzi.
The hate Bearwagon, is the hate of techies. Which is really part of the jock/geek culture clash from US education system. Really there is only one culture clash we need worry about, and the dark side of it rhymes with 'poohs.'
Not to disagree with you, but I adhere to my opinion, that each and every hatred only and inevitably leads to unmeasurable sorrow. (I know, Iam a dreamer, or, as others would say, an idiot.)
Pure comedy!! BCs are worth zero.
if you don't hold it, you don't own it
Looks like Bitcoiners definitely own their dicks right now.
Plus $90/BTC still. Just sayin.
Shit in one hand, stack Bitcoins in the other; guess which one fills up first. 'Ownership' of a bunch of 1's and 0's ain't my idea of wealth.
It's all worth 'zero'. Faith is a force unto itself. It defies both logic and the physical laws of nature. It is irrational, exuberant, and suicidal. It answers to no one. It 'is' until it 'isn't'.
Agreed, everything is worth zero. Until we put our less than fully rational mind into the mix... then we begin applying numbers and other various labels to define worth and value. By the way, this includes gold, silver, uranium, oil, whatever... if there were no humans around with the mental constructs of worth, everything would return to it's true value... yeah, zero.
If your feudal lord, sword in one hand, bird turd in the other, tells you that bird turd has value. Your reply is "how much, sir?"
Same applies for 'Love'. And yet mankind can't do without either.
Things are only worth what someone will pay you for them.
Things are worth the use you can give them: if it has market value, then it has that value; if it has personal value, then that's its value. Bitcoins don't exist - it's an illusion; that's the big difference.
'if it has market value, then it has that value;'
It had a market value of $266 per btc. Then it must have had that value.
There's always a bigger fool - eventually that was you...
I did not buy at $266. There is always someone smug, who brags about calling the event, yet never profited from it. How much did you short bitcoin by?
I was talking purely in abstract terms. I'm neither short nor long nor anything in between in bitcoins - I'm zero coins...
Maybe I expressed myself poorly - what I meant was someone has to be that bigger fool and eventually that could be you.
Same can be said of any investment, just as it falls. Even with silver there will be bad times to buy.
Silver and gold may become worthless in the market, but still will hold a residual value (in jewelry, electronics, etc.).
Bitcoins, on the other hand, don't exist, so have no value whatsoever by themselves, and once its market value it's gone, it's all gone without any residual value left - unless for some reason you attach sentimental value to random arithmetic operations...
One day you need to buy something and you have not the physical to hand, so what do you do, but make a promise to pay, perhaps in electronic form. Otherwise we are back to the Stone Age, and no business will exist more advanced than a blacksmith or sheep farm.
'Bitcoins, on the other hand, don't exist, so have no value whatsoever by themselves,'
Not worth answering this, whatever one's ontological disposition.
LOL Precisely, my physical is always at hand... unlike my computer, or cell phone coverage... if anyone had to go back to Stone Age, here, it'd be you...
Bitcoins not only don't exist physically, which would've grant it at least a residual value beyond currency, they also don't have any value in themselves (unlike, for instance, software, music, etc...). But guess that's too ontological a notion for you to grasp...
If you can convince people to give them to you for free. You can't have mine for free.
Looks like there's pretty good long-term support at zero. Between now and then though, there's still plenty of time to gamble.
I can't help but wonder if the FedGov is secretly endorsing this Bitcoin phenomena so that it can be later used as an "I told you so" example of markets not subjected to their "stabilizing" manipulations.
On the bright side, at least they aren't worth less than nothing like Treasury bonds!
What , no cellar dwellers posting defences of BTC today ?
Not noon yet , maybe they are not up.
TPTB wasted no time once it became a threat.
We have a disgruntled Bitcoiner on the thread. evil laugh>
Reminds me of Wall Street.
Last quote i saw was $79.
Bitcoin has been used as money for thousands of years. Oh wait, nevermnd, I'm thinking of something else.
Last trade was at $176. Mt Gox doesn't control Bitcoin, there are other exchanges, and many other ways of converting to/from the currency.
I haven't seen so many paid government trolls in one place since, well, never.
This site says $60.00.........can you confirm?
https://btc-e.com/
Lowest ask Price 77.59999 EUR
Highest Bid Price 50.00001 EUR
No comments...
I just refreshed.........Now at $72.00
California muni bonds are so much safer.
Last price:$123.40098
High:$230.00000 Low:$105.00000
Volume:252039 BTC Weighted Avg:$159.36103
Time 11:46:03
A bit like the spread on JGB swaptions...
We anti-government trolls don't like bein' referred to as government trolls. You can be both anti-government and anti-bitcoin. Some of us long for a non-globalist environment, a more local focus, a more sustainable lifestyle that requires less technology rather than more. Or at least something that's not a totally ridiculous rip off.
Time to move to msnbc, then, I guess...
Once the shit falls out of the horse it's REALLY, REALLY hard to put it back in.
And the smell stays on your hands for days. Or so I hear.
Tastes like shit, too. Good thing we no step in it, eh?
Save it for the lasagna!
LOL. downvote? What's the matter brah, contrail theory mockery got your mangina all drippy and stingin?
Or is that you " Max civis mundi", just under a new avatar?
Apparently at least one person disagrees and believes it is easy to stuff shit back in a horse.
They must have watched that German Pron video of their mother?
No need to stuff it back - Horses eat their poop
It's not that hard to put it back in. Maybe you didn't mix it with enough oats? Also, you need to put it in the "IN" hole.
http://www.youtube.com/watch?v=rX7wtNOkuHo
Got silver?
BTC is meant for bypassing currency controls and nothing else (well, maybe buying dope). You might be able to make some money by timing the imposition of currency controls, but that is super risky. The vast majority of speculators will get fleeced.
You are supposed to get BTC, get it out of your soon to be 3rd world shithole, and buy another currency and/or PMs.
Maybe that's what's been happening? Either that or some central bank decided to play some pump & dump games with the bitcoiners.
This guy understands bitcoin perfectly.
I agree. I was cool with Max Keiser and his bitcoin obsession until he went on Abby Martin and told all the angry college students to put their SAVINGS in bitcoin. Quick transactions, cool. Savings vehicle, no. Boycotted his stupid ass since then.
Hey! What's all this f'ing paper doing in my wallet?!?
wow.
had no idea. mainly because I have no interest/need for virtual bits transations.
but the Keiser story, that's quite an eye-opener. . . or at least it should be.
I started following the Keiser report at the beginning of the year.
Max/RT/Stacy definitely upped bitcoin coverage in conjunction with the run up.
However, in Max's defense, he did recommend taking profitss of the table in the 100s for bitcoin.
So, you can't totally destroy him. No matter how much fun that may be. Max is arrogant but he did recommend multiple times to diversify into silver to his followers.
That would be dollars. Then you send them to your broker and tell him to buy the SnP. Should take no more than a day or so to make up what you might have lost on the exchange, if anything.
Presto - capital preserved.
It didn't take too long for the bernank to destroy that currency.
I just burned a wheelbarrow of bitcoins for heat.
"This is the sixth time we have destroyed Zion and we have become exceedingly efficient at it"
I'm still betting Bitcoins will outlast the Euro.
An interesting race!!!
Yeah, best looking horse at the glue factory.
Can it really "fall" if it weighs & has less intrinsic value than paper?
Mt. Gox is not a trading platform. It is an exchange, one of many. They need the cooldown because they're now several days behind on getting over 20,000 new accounts per day set up.