Bitcoin hits $100



$115 now.

Things will get real interesting if it starts inching towards that 100$ mark. I wonder if we will see mass sell off's if it reaches that point.

Then we will see if the currency exchanges can handle that kind of money being pulled out.
 
I'm fairly certain Bitcoin is going to crash and dissolve into obscurity in the future. Something Bitcoin like is going to be big sometime and become the major currency but I don't think it's that time yet or Bitcoin is quite that thing.

Still I'm pretty sure I may end buying some in the next 30 days. I did pre order one of the special new mining rigs a few months back.

After all WTF do I know - when Apple was going to make a mobile phone I was telling all my friends it would be the doom of the company and to sell the stock.
 
ALERT: Something is going down with the chain today guys... It may be some kind of attack on the bitcoin system itself.

DO NOT send or recieve any bitcoins right now.

You heard me right; don't move your btc, something fishy is afoot.

Moar info here: https://bitcointalk.org/index.php?board=4.0

...Stay tuned.


popcorn-o.gif
 
ALERT: Something is going down with the chain today guys... It may be some kind of attack on the bitcoin system itself.

DO NOT send or recieve any bitcoins right now.

You heard me right; don't move your btc, something fishy is afoot.

Moar info here: https://bitcointalk.org/index.php?board=4.0

...Stay tuned.

How come the exchanges and other BTC related sites were down today? Was that tied to this attack?


Edit: Do we add this to the number of times I have been right in this thread?
 
i have a few bitcoins since i used to co-run pool in 2011. should i sell at 100 or should i wait for 150$ pewr coin due to this crazyness?
 
  1. Open Wallet service.
  2. Claim security issues.
  3. Keep contents of wallets.
You want to take part in a Free Market, you gotta take your chances, Amirite?



How come the exchanges and other BTC related sites were down today? Was that tied to this attack?
I don't know why the blockchain is so slow today, but the Strongcoin hack, the Instawallet hack, and the Mt.Gox DDosing are all separate attacks.

Let's face it; bitcoins just got valuable, and we should be expecting attacks on places like these so that people can control the price or steal the coins.

Today will go down in history as the day the hacking community fired a shot across the bow of the bitcoin community... The low hanging fruit got tested, that's all. Bitcoin's price is $124 again now already.

...I'm still absolutely clueless why so many are reporting the slow blockchain though. Odd.




i have a few bitcoins since i used to co-run pool in 2011. should i sell at 100 or should i wait for 150$ pewr coin due to this crazyness?
Too early to say. I'm holding tight.



Both examples of idiots not protecting their shit.

One had an online wallet. (snicker snicker) and the other didn't bother to encrypt his, much less hold it Cold.

There are tons of stories like these, and they'll keep happening until the right wallet software comes along that makes it so even dummies can't lose their coins. (We're definitely not there yet.)
 
i have a few bitcoins since i used to co-run pool in 2011. should i sell at 100 or should i wait for 150$ pewr coin due to this crazyness?

I know what you mean. I think 2011 they were cheap as chips and the speculation and fluctuations since then have not changed. Knowing when it will peak and when to cash out always remains the challenge.

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Im value investing with bitcoin.. Im still waiting..
they need some more security first..
Get intrinsic value.. If it IS a bubble, the only reason why is because it's new.. and Bitcoin is a wild west type of atmosphere right now.

watch it continue to grow IF it has intrinsic value and backed up by something.
Who here will buy a publicly traded company with bitcoins? let me know
 
I don't know why the blockchain is so slow today, but the Strongcoin hack, the Instawallet hack, and the Mt.Gox DDosing are all separate attacks.

Let's face it; bitcoins just got valuable, and we should be expecting attacks on places like these so that people can control the price or steal the coins.

Today will go down in history as the day the hacking community fired a shot across the bow of the bitcoin community... The low hanging fruit got tested, that's all. Bitcoin's price is $124 again now already.

...I'm still absolutely clueless why so many are reporting the slow blockchain though. Odd.

Who is the one group that would like to see BTC fail, more than anyone else? What group has the means and the motive to launch an well timed attack? An attack that comes at a time where BTC is having record prices, and public notariaty? A well timed attack that scares newcomers and would be newcomers. Is there any way to prove this group is involved? Your biggest clue will be seen over the next few days. If the mainstream starts talking about the dangers of BTC you may have your answer. If this was one guy or a small hacker group, you may not see the same media coverage.


A reasonable theory? Or just wild speculation? Or maybe a little of both. Either way it will be a interesting couple days. Watch the message across platforms. The truth is in the consistency of the message
 
Who is the one group that would like to see BTC fail, more than anyone else? ...
A reasonable theory? Or just wild speculation? Or maybe a little of both. Either way it will be a interesting couple days. Watch the message across platforms. The truth is in the consistency of the message
Agreed. I'd like to add that your theory will be dead on correct if there are lots of media reports about today's events, but no more attacks. That is their historical MO.

If the attacks continue at different places, however, then It's probably just thieves and hackers testing the water.

Meanwhile, hardly a fuck was given on Mt.Gox:

6lDdIVu.jpg



images
 
Who is the one group that would like to see BTC fail, more than anyone else? What group has the means and the motive to launch an well timed attack? An attack that comes at a time where BTC is having record prices, and public notariaty?

Agreed. I'd like to add that your theory will be dead on correct if there are lots of media reports about today's events, but no more attacks. That is their historical MO.

Who are 'they'?