Anybody here understand "Bitcoin"?

[Mr. Poon]

A couple weeks ago $5 million worth was stolen from Bitstamp:

http://gawker.com/a-great-reason-to-not-buy-bitcoin-5-million-stolen-wi-1678067489

 

[Sportsaholic]

Sounds like they Bit off more than they could chew.....:shrug:

 

[layinwood]

buy

 

[Jaxx]

buy

Could you please back this statement with some reasoning?

Would appreciate!

:0008

 

[kneifl]

Could you please back this statement with some reasoning?

Would appreciate!

:0008

I'll explain it to you being familiar with the markets. The Bitcoin is at a real low right now, a really low point trading at about $200 the last time I looked. I think this is because of the Swiss Bank debacle

here. This just happened recently and it's not only effecting the Swiss, it's effecting the financial industry in Europe as well. Some Forex brokerages have went out of business. Other places will go out of business, it will have some kind of effect on business. This is one reason we see the Bitcoin falling. I don't think it's done falling yet either, it wouldn't be a buy right now for me. I would wait a few weeks to see how this unfolds and maybe it will then become a buy.

kneifl

 

[layinwood]

A couple weeks ago $5 million worth was stolen from Bitstamp:

http://gawker.com/a-great-reason-to-not-buy-bitcoin-5-million-stolen-wi-1678067489

All was made good on the 5 million from Bitstamp. Jaxx to be very short, it's low and there is enough big money backing bitcoins that it should go back up. Nothing is a guarantee but if you buy the dips and sell on this you can make good money. I have some for long term and then I also play it short, mostly holding for about a month.

 

[Mr. Poon]

What's the status of it being actually regulated?

 

[Jaxx]

All was made good on the 5 million from Bitstamp. Jaxx to be very short, it's low and there is enough big money backing bitcoins that it should go back up. Nothing is a guarantee but if you buy the dips and sell on this you can make good money. I have some for long term and then I also play it short, mostly holding for about a month.

Appreciate the info. I own some coins at twice what they are going for today. Long term hold. Was thinking of doubling up but having trouble pulling the trigger. All long term hold. I have done a ton of research and the opinions of folk I tend to listen too are all over the board on how low and long this will drag out. You say "buy".

:0008

 

[layinwood]

Jaxx, where are you on your BCs? Back in January last year when I put buy on here I bought I crap load. It's been a GREAT ride.

PS I was going to leave this thread alone but MJs recent venture into using them made me look at it.

 

[Jaxx]

Jaxx, where are you on your BCs? Back in January last year when I put buy on here I bought I crap load. It's been a GREAT ride.

PS I was going to leave this thread alone but MJs recent venture into using them made me look at it.

Still holding the ones I originally bought. At least I am in the black now lol. Getting interesting for sure.