Bitcoin Forum

Economy => Speculation => Topic started by: onesalt on June 10, 2011, 07:57:19 PM



Title: The Price is crashing people!! get out while you can!!
Post by: onesalt on June 10, 2011, 07:57:19 PM
https://i.imgur.com/uVrXG.png

Looks like some left wing liberal socialist has crashed the market with his terrible understanding of how real free market economics work and crashed the market, god fucking damnit.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: semarjt on June 10, 2011, 08:02:38 PM
http://t0.gstatic.com/images?q=tbn:ANd9GcS2Wo10GCb2wYwQf5w8SlS811w8sbsiceaPH6vUxTc71OYt19nhBg&t=1


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Oldminer on June 10, 2011, 08:05:36 PM

This ^^


Title: Re: The Price is crashing people!! get out while you can!!
Post by: tgeo on June 10, 2011, 08:06:34 PM
The sky is falling. I repeat, the sky is falling


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Bazil on June 10, 2011, 08:09:46 PM
I used this opportunity to buy at a cheap price :D ;)


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Il tetini on June 10, 2011, 08:10:58 PM
http://i736.photobucket.com/albums/xx8/MenchiSnacks/gifs/oh-noes-everybody-panic.gif


Title: Re: The Price is crashing people!! get out while you can!!
Post by: BotherMeNot on June 10, 2011, 08:13:31 PM
Looks like some left wing liberal socialist has crashed the market with his terrible understanding of how real free market economics work and crashed the market, god fucking damnit.

LOL!


Title: Re: The Price is crashing people!! get out while you can!!
Post by: mjsbuddha on June 10, 2011, 08:16:52 PM
I used this opportunity to buy at a cheap price :D ;)

Me too. This is the third time I've bought after a panic sell off and made thousands in less then a day. I... I just love bitcoin...


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Denicen on June 10, 2011, 08:22:01 PM
and the price goes from $26 down to 20 up to 24 a coin within minutes. bitcoin is one helluva market


Title: Re: The Price is crashing people!! get out while you can!!
Post by: TraderTimm on June 10, 2011, 08:45:14 PM
How about I just call the parent poster a retard instead?

Or even better, a 'dollar' holder.



Title: Re: The Price is crashing people!! get out while you can!!
Post by: gigitrix on June 10, 2011, 08:49:42 PM
https://i.imgur.com/ks0IA.png

Seriously, calm down. Markets are about as stable as anti-matter these days, but they have always trended upwards and unless you have reason to think they won't, they'll continue to do so. Justr because the fall from $30 to $20 feels like more than a fall from $1.00 to $0.66, doesn't mean it's not exactly the same. This has happened many times now: you'll just make the daytraders richer if you 'cut your losses' IMHO.


Edit: I fail at BBCode


Title: Re: The Price is crashing people!! get out while you can!!
Post by: FlipPro on June 10, 2011, 08:54:11 PM
gotta make a shirt about the market up and downswings. :D lol. Everyday the sky is falling.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Findeton on June 10, 2011, 08:57:54 PM
At this pace, this sunday I'm not goint to buy bitcoins. I'm going to steal them for less than 20$/btc.

Please, please panic a little more!


Title: Re: The Price is crashing people!! get out while you can!!
Post by: RandyMarsh on June 10, 2011, 09:00:55 PM
IT WAS ME...
IM SORRY...



I.... PUT THE SCREW.... IN THE TUNA


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Man From The Future on June 10, 2011, 09:04:20 PM
DAMNIT, RANDY

whyuno look at what you were doing?

WE'RE DOOMED.

[descends into nuclear-bomb-proofed-bunker-thing-a-ma-jig]


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Oldminer on June 10, 2011, 09:10:17 PM
Price back up to $25 already.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: FlipPro on June 10, 2011, 09:15:31 PM
I am actually hoping it drops even more, I am that close to pushing the buy button, the second theirs in uptick, I'm officially in..


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Bit_Happy on June 10, 2011, 09:18:44 PM
Up down up, please don't panic when the lows get retested.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: CentroniX on June 10, 2011, 09:42:07 PM
It's over guys, it's all over. By midnight it'll tank and be at $0.

Please send all your BTC to the account in my sig. All I want is a huge cache of worthless BTC to give to my kids in 20 years as a keepsake reminder of the first run at a decentralized cryptocurrency. If the market happens to rebound (and I promise it won't), I swear I'll return al your BTC. Scouts honor!

cent


Title: Re: The Price is crashing people!! get out while you can!!
Post by: imperi on June 10, 2011, 09:43:07 PM
I want it to go down to $5 and stay there for a few weeks.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: ErgoOne on June 10, 2011, 09:58:40 PM
I wish I'd logged on and spotted this sooner. :(  I just installed Bitcoin, but have no bitcoins yet and need to acquire some.  Mining appears to require dedicated machines these days; too much work.  So I have to buy them or figure out something to sell for them...

Pity that none of the auction houses let you pay in bitcoins, or I could auction off the pile of duplicate books that my husband and I need to get rid of. ;)


Title: Re: The Price is crashing people!! get out while you can!!
Post by: str4wm4n on June 10, 2011, 10:16:18 PM
open a bitcoin bookstore


Title: Re: The Price is crashing people!! get out while you can!!
Post by: ErgoOne on June 10, 2011, 10:27:58 PM
Actually, that's an idea....  It would give me somewhere to try this whole thing out, deal with the technical, legal, and financial issues, and not sink too much money or time into it.

<thinking>



Title: Re: The Price is crashing people!! get out while you can!!
Post by: onesalt on June 10, 2011, 10:41:04 PM
Price back up to $25 already.

Which is 7 dollars less than what it was yesterday.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: rezin777 on June 10, 2011, 10:43:56 PM
Price back up to $25 already.

Which is 7 dollars less than what it was yesterday.

And twice what it was June 3rd.

What's your point?


Title: Re: The Price is crashing people!! get out while you can!!
Post by: kiba on June 10, 2011, 10:44:42 PM
Did somebody say...the price is crashing?

If so, here's the comic: http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Crs on June 10, 2011, 10:46:00 PM
http://i59.photobucket.com/albums/g299/355sigfan/Humor/Trollspray.jpg


Title: Re: The Price is crashing people!! get out while you can!!
Post by: rezin777 on June 10, 2011, 10:46:57 PM
Did somebody say...the price is crashing?

Kiba, no one said bubble. Sheesh, as if you don't have enough opportunities to link that particular comic. ;D


Title: Re: The Price is crashing people!! get out while you can!!
Post by: ocharry on June 10, 2011, 10:48:47 PM
This is a very volatile market. If it were to crash I'd expect it to happen in only a few hours.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: vuce on June 10, 2011, 10:49:57 PM
Did somebody say...the price is crashing?

Kiba, no one said bubble. Sheesh, as if you don't have enough opportunities to link that particular comic. ;D
bubble?

http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value (http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value)


Title: Re: The Price is crashing people!! get out while you can!!
Post by: rezin777 on June 10, 2011, 10:50:53 PM
Did somebody say...the price is crashing?

Kiba, no one said bubble. Sheesh, as if you don't have enough opportunities to link that particular comic. ;D
bubble?

http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value (http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value)

Touché


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Man From The Future on June 10, 2011, 10:53:41 PM
https://i.imgur.com/ks0IA.png

Seriously, calm down. Markets are about as stable as anti-matter these days, but they have always trended upwards and unless you have reason to think they won't, they'll continue to do so. Justr because the fall from $30 to $20 feels like more than a fall from $1.00 to $0.66, doesn't mean it's not exactly the same. This has happened many times now: you'll just make the daytraders richer if you 'cut your losses' IMHO.
SIR, I detect use of both hyperbole and... INCORRECT IMAGE TAGS!

Fixed for you.

TAKE 2!


Title: Re: The Price is crashing people!! get out while you can!!
Post by: gigitrix on June 10, 2011, 11:14:33 PM
[img=https://i.imgur.com/ks0IA.png][/img]

Seriously, calm down. Markets are about as stable as anti-matter these days, but they have always trended upwards and unless you have reason to think they won't, they'll continue to do so. Justr because the fall from $30 to $20 feels like more than a fall from $1.00 to $0.66, doesn't mean it's not exactly the same. This has happened many times now: you'll just make the daytraders richer if you 'cut your losses' IMHO.
SIR, I detect use of both hyperbole and... INCORRECT IMAGE TAGS!

Fixed for you.

:facepalm: Sorry about that. I don't think I'm being hyperbolic though: if you check the history bitcoin did pretty much the same % "flood crash" on many an occasion. I'm not one of these chart voodooist "everything is cyclical" types, I'm just using the evidence available to me because I don't think the social situation has changed at all.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Man From The Future on June 10, 2011, 11:18:35 PM
I successfully unsuccessfully corrected your img tags. :D
TAKE 2
ps: I was referring to "as antimatter". :)


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Ricochet on June 11, 2011, 12:15:57 AM
IT WAS ME...
IM SORRY...


I.... PUT THE SCREW.... IN THE TUNA

You sir win the internets.  Love me some Kenan and Kel.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: giszmo on June 11, 2011, 12:48:06 AM
bubbles??
http://www.youtube.com/watch?v=ART2V2ICxZI


Title: Re: The Price is crashing people!! get out while you can!!
Post by: zhalox on June 11, 2011, 04:58:30 PM
Uber crash again today :(


Title: Re: The Price is crashing people!! get out while you can!!
Post by: allinvain on June 11, 2011, 05:07:18 PM
OMG not another one of these "the sky is falling" threads! This makes what..4? or 5?


Title: Re: The Price is crashing people!! get out while you can!!
Post by: imperi on June 11, 2011, 05:54:21 PM
At this rate, we will be seeing negative values in approximately 28.5 hours! Sell everything!!


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Man From The Future on June 11, 2011, 06:01:43 PM
ar har.... so, based on the definitely correct info from above, I should wait until then and then buy every single bitcoin I can and profit in both USD and bitcoin! Nothing wrong with that idea!


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Oldminer on June 11, 2011, 10:02:17 PM
At this rate, we will be seeing negative values in approximately 28.5 hours! Sell everything!!

Sell your babies...sell your mom!


Title: Re: The Price is crashing people!! get out while you can!!
Post by: onesalt on June 11, 2011, 10:42:52 PM
Bitcoins down to 15 bux. Still think the price isn't crashing? Ignoring evidence doesn't make you correct.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Sief on June 11, 2011, 10:49:16 PM
I'm posting this from my spare account because I don't want to be hated by the other early miners...

I'm selling my 50k BTC in staggered amounts starting from tonight, and hopefully my impact on the market will be limited.

It's just not worth sitting on this kind of uncertainty anymore.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Indemnified on June 11, 2011, 10:57:02 PM
I'm posting this from my spare account because I don't want to be hated by the other early miners...

I'm selling my 50k BTC in staggered amounts starting from tonight, and hopefully my impact on the market will be limited.

It's just not worth sitting on this kind of uncertainty anymore.

Bullshit!


Title: Re: The Price is crashing people!! get out while you can!!
Post by: TraderTimm on June 12, 2011, 06:51:18 PM
I'm posting this from my spare account because I don't want to be hated by the other early miners...

I'm selling my 50k BTC in staggered amounts starting from tonight, and hopefully my impact on the market will be limited.

It's just not worth sitting on this kind of uncertainty anymore.

And I'll be there to pick up what you've foolishly decided to liquidate. Just promise me you won't come back on the board crying when it trades above $100, okay? Thanks.



Title: Re: The Price is crashing people!! get out while you can!!
Post by: imperi on June 12, 2011, 07:08:57 PM
I'll buy some of that on Tuesday when my funds clear. Thanks for needlessly selling because you're scared of volatility.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: fergalish on June 12, 2011, 07:34:11 PM
Maybe someone shorted the market?  Maybe even successfully?


Title: Re: The Price is crashing people!! get out while you can!!
Post by: mrpetem on June 12, 2011, 07:44:54 PM
I would agree that selling some of your 50k bitcoins is actually a smart move. Being too greedy can leave you with nothing.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: nutildah on October 16, 2014, 07:28:29 AM
I would agree that selling some of your 50k bitcoins is actually a smart move. Being too greedy can leave you with nothing.

Could have been better timed if I discovered and bumped this a month ago or so.

I like how the dudes who sold are still noobs whereas the guys who didn't are Legendary.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Daniel91 on October 16, 2014, 07:41:21 AM
I would agree that selling some of your 50k bitcoins is actually a smart move. Being too greedy can leave you with nothing.

Yes, I agree with this.
When dealing with money and finance, people are usually not rational but emotional.
So, when price is going down, this is perfect opportunity to buy and earn more, when price goes up.
but, instead of this, people in panic selling everything and loosing any chance for good earning.



Title: Re: The Price is crashing people!! get out while you can!!
Post by: Coin_Master on October 16, 2014, 11:30:25 AM
Bitcoins down to 15 bux. Still think the price isn't crashing? Ignoring evidence doesn't make you correct.

History tells a different story.  Since your post we have seen Bitcoin get to over $1000 US dollars.  As I write this, the price of Bitcoin is $400 US dollars.  What can you learn from your incorrect assumption?
Prices of markets go up and down, that is the nature of markets.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: BTCat on October 16, 2014, 11:38:53 AM
it's a beartrap :)

http://tradingsim.com/wp-content/uploads/2011/06/bear-trap.png


Title: Re: The Price is crashing people!! get out while you can!!
Post by: blatchcorn on October 16, 2014, 11:45:19 AM
More likely just manipulation


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Monkeynutz on October 16, 2014, 01:04:50 PM
I'm posting this from my spare account because I don't want to be hated by the other early miners...

I'm selling my 50k BTC in staggered amounts starting from tonight, and hopefully my impact on the market will be limited.

It's just not worth sitting on this kind of uncertainty anymore.

I'll do the same with my 100k BTC y0!


Title: Re: The Price is crashing people!! get out while you can!!
Post by: CryptoCarmen on October 16, 2014, 01:07:22 PM
I would agree that selling some of your 50k bitcoins is actually a smart move. Being too greedy can leave you with nothing.

Could have been better timed if I discovered and bumped this a month ago or so.

I like how the dudes who sold are still noobs whereas the guys who didn't are Legendary.

I see you love to dig forum for old posts, you must know a lot of crypto currencies.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Q7 on October 16, 2014, 01:36:15 PM
I wonder what that guy might be thinking of right now. Holding onto 50k would have made him or her a multimillionaire by now. It's amazing how fast things can move and change and that is only probably like 3 years only.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: jabo38 on October 16, 2014, 01:47:03 PM
I'm going to hold my 3 bitcoins and hope that in 5 years somebody bumps this again trying to prove that no time is a good time to sell bitcoin until it has destroyed fiat.  Then you don't sell, you just spend it. 


Title: Re: The Price is crashing people!! get out while you can!!
Post by: nutildah on October 16, 2014, 06:23:12 PM
Bitcoins down to 15 bux. Still think the price isn't crashing? Ignoring evidence doesn't make you correct.

History tells a different story.  Since your post we have seen Bitcoin get to over $1000 US dollars.  As I write this, the price of Bitcoin is $400 US dollars.  What can you learn from your incorrect assumption?
Prices of markets go up and down, that is the nature of markets.

You can chastise somebody for comments they made 3 years ago, but the fact remains, they were here back then and we weren't. So, obviously they were on to something.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: nutildah on October 16, 2014, 06:24:42 PM
I see you love to dig forum for old posts, you must know a lot of crypto currencies.

There's a lot of hidden treasures buried in this forum. I'm gonna start a thread asking people to post their favorite old threads.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: BTCat on October 17, 2014, 05:40:47 PM
I see you love to dig forum for old posts, you must know a lot of crypto currencies.

There's a lot of hidden treasures buried in this forum. I'm gonna start a thread asking people to post their favorite old threads.

You didn't make it.

I like this:


I think the key is to get the big players involved.  Imagine if PayPal started to accept bitcoins.  It's game over for other currencies.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: nutildah on October 18, 2014, 01:04:17 AM

You didn't make it.

I like this:


I think the key is to get the big players involved.  Imagine if PayPal started to accept bitcoins.  It's game over for other currencies.

You're right, I totally spaced. I'm gonna save it for Monday morning. Hope you don't mind if I open it with the quote you just pasted, its a good one.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: Bit_Happy on October 18, 2014, 02:24:08 AM
This thread was started on "June 10, 2011, 02:57:19 PM", shortly after the high of the first huge "bubble".
Those ~3.5 years went by way too fast, and I wish we could do it over again.  :)


Title: Re: The Price is crashing people!! get out while you can!!
Post by: pattu1 on October 18, 2014, 08:43:44 AM
This thread was started on "June 10, 2011, 02:57:19 PM", shortly after the high of the first huge "bubble".
Those ~3.5 years went by way too fast, and I wish we could do it over again.  :)

This thread should be revisited in Jan 2018.  ;D


Title: Re: The Price is crashing people!! get out while you can!!
Post by: manselr on October 18, 2014, 11:34:48 AM
I had a laugh when I saw the date. This could have been a fallling alt for all I know.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: faince222 on October 18, 2014, 05:21:47 PM
Yours are only rumor and attempt to make pain and horror to the people that have invested in bitcoin. People, sell when you want and don't hear no one ! I'm curious to read this thread in 2016, when will be btc halving.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: resya on October 19, 2014, 10:26:18 AM
I dont care much about the price, people can dump BTC to $200 and I still don't care... the math is the math.... there are only 13 million bitcoins in circulation right now and an incalculable number of dollars...


Title: Re: The Price is crashing people!! get out while you can!!
Post by: arbitrage001 on October 19, 2014, 10:32:29 AM
I dont care much about the price, people can dump BTC to $200 and I still don't care... the math is the math.... there are only 13 million bitcoins in circulation right now and an incalculable number of dollars...


There are competition among crypto coins. It is still too earlier to say which one will dominate and how things work out in the future.


Title: Re: The Price is crashing people!! get out while you can!!
Post by: nutildah on June 30, 2022, 07:49:40 AM
I see you love to dig forum for old posts, you must know a lot of crypto currencies.

There's a lot of hidden treasures buried in this forum. I'm gonna start a thread asking people to post their favorite old threads.

You didn't make it.

Still never made that thread, other people did, but I thought it was an appropriate time to bump this one.

I would agree that selling some of your 50k bitcoins is actually a smart move. Being too greedy can leave you with nothing.

Wonder if he kept any of them. Is keeping bitcoins considered "greedy" these days?

This thread should be revisited in Jan 2018.  ;D

In retrospect, that would have been amazingly astute timing.