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Bitcoin plunges after marketplace indefinitely halts withdrawals
Reuters ^ | 11 February 2014 | Sam Forgione

Posted on 02/11/2014 7:17:33 AM PST by Errant

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To: TWhiteBear
Per this site, btc seems to be coming back, with more volume on upticks and more buyers than sellers.

I agree. I believe this to reflect an influx of former Gox traders that are looking for a better place to trade.
21 posted on 02/11/2014 10:48:55 AM PST by mmichaels1970
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To: Errant
Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely

Great. I have one bitcoin there, and the proceeds from the sale of one in limbo somewhere.

Coinbase is still showing $650-something.

22 posted on 02/11/2014 11:44:37 AM PST by Lee N. Field ("You keep using that verse, but I do not think it means what you think it means.")
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To: Lee N. Field
Coinbase is still showing $650-something.

Yep, there's are more attacks underway... http://freerepublic.com/focus/f-chat/3121781/posts

Please keep us posted on your coins in limbo. I feel sure Mt. Gox will make good on them. Looks like we are all going to go through a period of rebuilding of confidence and value. I've been through several periods like this already. Once when the price went to $65... ;)

What doesn't kill it will only make it that much stronger. We may be witnessing a coordinated effort now by government and bankers to try to do that very thing. Mighty nice of 'em if that is the case...

23 posted on 02/11/2014 12:16:14 PM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Lee N. Field

I would move whatever you have over to Coinbase or to a wallet as soon as you can. Mt Gox will probably fail at some point during this, but it may already be too late. Stopping withdrawals is a normal item on the shutdown check sheet.


24 posted on 02/11/2014 12:45:27 PM PST by ClayinVA ("Those who don't remember history are doomed to repeat it")
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To: Usagi_yo

The government will never adopt crypto-currency, but you can bet that Apple and Google will... I wonder which one they will adopt?


25 posted on 02/11/2014 3:14:57 PM PST by willyd (I for one welcome our NSA overlords)
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To: willyd

That’s not true. The governments of the world (including the U.S) are seriously looking at it and sizing up the lay of the land before acting — Otherwise it would have been taken down already. Granted they may not adopt it, but there is certainly a possibility.

Oh and if the U.S decides not to adopt it, then be assured that Apple and Google and the like will not be accepting it.


26 posted on 02/11/2014 3:24:43 PM PST by Usagi_yo
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To: ClayinVA
I would move whatever you have over to Coinbase or to a wallet as soon as you can. Mt Gox will probably fail at some point during this, but it may already be too late. Stopping withdrawals is a normal item on the shutdown check sheet.

Almost everything else is in local wallets, well encrypted and backed up.

27 posted on 02/11/2014 5:36:07 PM PST by Lee N. Field ("You keep using that verse, but I do not think it means what you think it means.")
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To: Usagi_yo

US Gov May regulate it...but they will never adopt a currency which can be tracked for each transaction that is made.

Other counties have outlawed it but I think the US Gov may take a look at regulating it...maybe even offer exchange at US Post Offices. It may make it easier for them to tax the citizens as well, which I am sure they will have an interest in.

There will be a crypto-currency for Apple and Google, mark my words...whether or not the US Gov “adopts it”...unless the US outlaws it specifically.


28 posted on 02/14/2014 2:48:50 PM PST by willyd (I for one welcome our NSA overlords)
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