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[Putnam]

Down $100 in the last two hours, easy.

Yeesh.

[tryrar]

So...how many people do you think are jumping off highrises right now?

[kaijyuu]

Man, Bitcoin's been declared dead so many times I'm starting to wonder if it's a comic book character.

[Leafsnail]

A bitcoin exchange shutting down and taking everyone's money with it??  What a shocking  and novel development.

[LeoLeonardoIII]

A bitcoin exchange shutting down and taking everyone's money with it??  What a shocking  and novel development.

It's almost as if it's a currency with none of the safeguards and stability of normal national currencies. Hm.

[Mictlantecuhtli]

Near perfect time for anyone that wanted to buy low though I guess, nearly a perfect storm of clusterfuck price crash.

No. Not really, not at all, actually. Buying now is called catching a falling knife in market terms.

[Bouchart]

I stashed the $23 million I got from a Nigerian prince in bitcoins.  What should I do now?

[Bauglir]

When did you do this? If you sell now, you might still be able to make it out with a profit, if you invested early enough.

[LeoLeonardoIII]

Near perfect time for anyone that wanted to buy low though I guess, nearly a perfect storm of clusterfuck price crash.

No. Not really, not at all, actually. Buying now is called catching a falling knife in market terms.

That is beautiful.

I stashed the $23 million I got from a Nigerian prince in bitcoins.  What should I do now?

You should whistle for a cab, and when it comes near, despite the rarity of its uncoolness in that the personalized license plate reads "FRESH" and the driver has chosen to hang oversized fuzzy novelty dice from the mirror, say, "Nah, forget it. Yo homes - to Bel Air!"

[Leafsnail]

I guess the MtGox disappearance isn't gonna cause that much of a price crash - everyone with money in that exchange has already lost it.  It's too late for them to panic sell.  It does represent a pretty major blow to a large proportion of people who dealt with Bitcoin though.

[Putnam]

There was a shitload of selling a couple hours before the withdrawal prevention (insider trading FTW!) and that caused a pretty bad price drop.

I remember someone saying something (along these lines)--the history of Bitcoin is people discovering why currency regulations are in place over and over again.

[Leafsnail]

What, you mean before they started disallowing cash withdrawals months ago?  It seems almost like insider trading would cause the opposite effect before this event (people using their worthless Gox-dollars to buy Bitcoins they can actually take out before they halted all withdrawals).

[Aklyon]

When did we get another bitcoin thread? What I've read the past couple of pages is not the thread I thought this was.

[Leafsnail]

I think someone made a similar thread to this one at about the same time to crow over how much Bitcoin had raised in price.

[LeoLeonardoIII]

I guess the MtGox disappearance isn't gonna cause that much of a price crash - everyone with money in that exchange has already lost it.  It's too late for them to panic sell.  It does represent a pretty major blow to a large proportion of people who dealt with Bitcoin though.

It could though - because people feel unsafe holding assets in Bitcoin because they witnessed other investors lose everything suddenly.