It appeared that the currency?s price was becoming increasingly overvalued as a result of hoarding by speculators and short-term traders. A few saw signs of a massive bubble ready to burst, and some grew weary when the U.S. Treasury announced in March it would explore new laws to regulate Bitcoin.
What?s in store for Bitcoin in the future? It appears governments around the world are ready to step in.

The tactic all anti-bitcoin people is to repeat disingenuous assessments then make threats of violence via government.

When your approach is lie then pull a gun don't be shocked when guns get pulled on you in self defense.

that couldn't be farther from the truth.
it really is getting old, ithought for a while that the facts of the matter would catch up to them but that's not happening.

that article is rife with inaccuracies and incorrect information.

I view the anti-bitcoin crowd just like I do the vast majority of republicans...

Full of shit and will say whatever they want to get people to agree with them irrespective of truth or factual accuracy.

I should have referenced the same post you did, see below, Not only was it on TV but lead page on yahoo news as well. To the casual viewer/reader it looked like a stock collapse.

"Originally Posted by Helix
I really don't know but I had the television on today and there was a mention of bitcoin and the volatility of late and how unstable it was."


.

ah, i see, thx for the clarification. that article reminded me of the news coverage of the winklevoss's *massive loss* in btc.

You're right. It must be a lie. I think they make closer to 1k a day. That makes more sense. They are just doing 15k trades a day and control only 80% of the bitcoin trades which are worth 100's of millions.
Any more tips? I want to learn from you.

You must know by now the haters have no clue how it works. They just keep repeating the same shit over and over again hoping it will go away. And it drives them nuts that it doesn't.

DirtyF cant wait til u get your rig setup man

Tbh i might not do it. I'm really not sure if it's worth my time. When the coin was worth 270 it was worth it but now? What are you making? 10 bucks a day?
Now the coin will get worth more again but it's easier for me to buy now it's cheap than to wait for it till it's 250 again and start mining.

true that, yeh it was an unfortuante time to buy your gear, are you gonna get your money back on it? prolly make more bitcoins buying and selling

Yeah, i can return everything.
I think i'm gonna do that.
If it's worth it again in the future i simply buy it again.

yeh or just go with an asic system, prolly worth it in the long run.

You can see the transaction that turned the market around.
261383 BTC for 0.01$.
5 minutes later the price is 15+$/BTC.
That guy just made 4M$ in 5 minutes.

You can see the transaction that turned the market around.
261383 BTC for 0.01$.
5 minutes later the price is 15+$/BTC.
That guy just made 4M$ in 5 minutes.[/QUOTE]

Haha wtf? That's crazy.

He hasn't made shit unless he can cash it out. Which he can't.

its not that hard bro, when u wanna sell you have two options, set your price and wait or click market order and what ever the price is at the time it will sell within seconds and funds will be in your account, from there you can send that money anywhere.

Put that clueless imbecile on ignore like i did a long time ago already :1orglaugh

It drives him nuts :1orglaugh

click where? everything is down

and even then there's 100x people wanting to dump than buy

ok so i answered your first questions, lets move onto your other ones.

yeah there is downtime in the peak of ddos, and it sucks. but 99.9% of the time its available.

At the moment there is a massive amount of people still buying bitcoin and yes a lot of people are selling, but there is still activity and thats the main thing, if anything this recent crash got out a lot of week traders who got spooked. its been pretty stable at around $100 and thats a good sign, remember its very very early on in the life of bitcoin.

Good luck with that one.

:2 cents:

Mt Gox is the natural monopoly that occurs when you have free-market economics.

Charging Bitcoin exchange owners with money laundering most likely :disgust

This was posted on Reddit explaining the lag on Mt.Gox

I've been trading on BTC-E they seem to be pretty stable.

Do you trust them? I've read a lot of bad experiences with BTC-E from users.

What other exchanges trade Litecoins apart from BTC-E?

Can you believe these monkeys STILL didn't fix their shit?
There is still a huge lag!
How is this possible? Can someone tell me that?
How can a company that makes 100k a day not solve this?

Max keiser will be releasing his own exchange and I can't wait for that, mt gox currently has a flawed system in sooo many fucking ways. Say someone puts a sell or buy order at 0.00005 and it goes into a line of orders first in first come basis that overrides an order at 6.00000000.

Most people on forums are saying only sell at Mt Gox, don't buy there due to their incompetence and what NiXXiN has posted below.

Another thing that annoys me, verification. They've got backlogs of weeks now.

Why not implement a system like Bitcoins.de & Paypal have, a small amount of ? are sent to your bank account with a code, you confirm the code on their site and your bank account is verified! Simples!

Have any of you tried taking money out from Mt Gox? A lot of people are angry because it's taking weeks, again silly amounts of backlogs that's not acceptable.

If I had money in Mt Gox and wanted it out fast, I think I'd take a flight to Japan and visit their offices!

They were down again today.

Once again, i understand they are growing like crazy but they also make money like crazy and should be able to hire plenty of people just for the verification part.

Bitcoin has been pretty interesting to follow over the last month. Anyone here that follows HN/Ycombinator might find a post by PG interesting. It's titled: "Ask HN: Why would a government have created bitcoin?" Sorry can't post URLs yet. - Kind of surprised me that PG has little conspiracy theory spinning in that brain of his.

*note - not trying to get around rules or anything (no affiliate with HN, simply think it contributes to the discussion)*

What the hell are you talking about?

MtGox
UPDATE: We are waiting for technical confirmation, but it appears to be another strong DDos attack. We are attacked daily, but very soon we will be transitioning to a better service that will be a major improvement. Just getting ready for implementation.
Like · · Share · 24124 · 27 minutes ago ·

Yup, because it was close to reaching 100 dollars again. So time for certain people to destroy things again.

they can't even get ddos protection, nutty, they are partnered with prolexic, the best of the best on that. wow.

Meanwhile this is what Bitcoin.de are implementing

Yeah just read that :thumbsup

PG = Paul Graham, pretty influential guy in the tech scene right now, and he thinks perhaps a government created bitcoin. One of his theories is that maybe a government created it to destabilize currency in nations. Interesting, that's all.

And you expect us to know what or who pg is :)

:thumbsup:thumbsup:thumbsup

My bad :P One of those things where I see an acronym every day I assume other people know it too lol

Need another massive drop again today :)

Entirely possible...

Governments have wanted to get rid of paper currency for some time now, create a digital one and let it's users embrace it and watch it become more and more popular.

Remember we had national ID cards as a government proposal in the UK & EU pre 2005 and how much people campaigned against it. Then along came Facebook & Twitter a few years later and the death of privacy as most people where more than happy to share every detail of their lives with the entire world via their Facebook Wall or Tweets.

Now all intelligence agencies have teams dedicated to spying on people of interest through social media.

i found the original discussion

https://news.ycombinator.com/item?id=5547423

Damn, that sounds awesome!

i was thinking of this the other day, how we are being conditioned to volunteer what we do, when we do it and where we do it all day every day and its only going to increase with every generation. i am no conspiracy theorist but its a pretty ingenious plan and if it wasn't a plan, a very sweet deal for them to just happen. however bitcoins are so popular in part because they are anonymous, so if they can't be tracked then where is the benefit?

I've long suspected bitcoin was created by a government. Bulletproof protocols usually require peer review, yet there have been zero leaks from the reviewers. Pools of crypto guys who don't leak stuff are usually employed by governments.
The part that puzzles me is why a government would do this. I can imagine several possibilities:

1. To finance their own black operations.

2. Because they thought digital currencies were inevitable, and they preferred bitcoin to some potentially more malevolent form. (Could bitcoin have been worse from a government's point of view?)

3. A friend suggested this: because they felt their currency would never become the standard reserve currency, and they felt it was better that no one's be if theirs couldn't be.

4. A variant of the above: the US did it because it seemed inevitable that the dollar would eventually lose its place as the standard reserve currency, and better to have it replaced by bitcoin that the yuan.

I realize some of these explanations are pretty far fetched, but so is an individual cooking up bitcoin as an intellectual exercise. Whatever the explanation of bitcoin's origin turns out to be, it will probably be pretty weird.

Yeah, really interesting how things have changed. I remember 15 years ago most people wouldn't even want to put their full name on the internet. Now with the explosion of social media, many people have no problem sharing every little detail about their life. Very interesting how things have changed.

It's a Chinese plot.

i'm not so sure it is fully anon. i've been trying to understand that better, but each and every transaction on the chain is publicly viewable, every one. i've read that can be backtraced :winkwink: in some way to glean infos. i don't know how accurate that is but it is something i've come across