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Title: I think we need to look back at history... Post by: Anonymous on June 11, 2011, 05:05:38 PM Correct me if I am wrong; however, in the past we have had huge declines such as these and only a few time cycles later the price went to new heights. I see very little to fear.
Title: Re: I think we need to look back at history... Post by: k on June 11, 2011, 05:23:55 PM it's pretty volatile alright.
chart up to 8th June 2011 - didn't download the data for last few days yet. https://i.imgur.com/nFfYN.png Title: Re: I think we need to look back at history... Post by: ocharry on June 11, 2011, 05:24:33 PM I really don't think anyone is fearing right now. Except maybe for those who bought at really high prices haha.
Title: Re: I think we need to look back at history... Post by: proudhon on June 11, 2011, 05:33:33 PM Yes, this has happened a few times. As recently as a month ago, in fact. We went from around $9 to below $6 in a few short hours.
Title: Re: I think we need to look back at history... Post by: Jaime Frontero on June 11, 2011, 05:41:26 PM all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected.
i'm pleased they've done so well. Title: Re: I think we need to look back at history... Post by: TonyHoyle on June 11, 2011, 05:44:22 PM I really don't think anyone is fearing right now. Except maybe for those who bought at really high prices haha. I dunno.. watching BTC drop to half its value in a day gave me the willies. OTOH I'm not too worried in the long term. Title: Re: I think we need to look back at history... Post by: proudhon on June 11, 2011, 05:45:03 PM all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected. i'm pleased they've done so well. Maybe. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. I'd like to think early adopters would be a bit more cautious at cashing out. Not just because they could do violence to the market, but because, at least in the most recent case, the person who cashed out could have very probably made a lot more had they done it patiently over several days instead of in a single transaction at low volume. Title: Re: I think we need to look back at history... Post by: Anonymous on June 11, 2011, 05:46:56 PM all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected. i'm pleased they've done so well. Maybe. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. I'd like to think early adopters would be a bit more cautious at cashing out. Not just because they could do violence to the market, but because, at least in the most recent case, the person who cashed out could have very probably made a lot more had they done it patiently over several days instead of in a single transaction at low volume. Title: Re: I think we need to look back at history... Post by: proudhon on June 11, 2011, 05:50:07 PM all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected. i'm pleased they've done so well. Maybe. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. I'd like to think early adopters would be a bit more cautious at cashing out. Not just because they could do violence to the market, but because, at least in the most recent case, the person who cashed out could have very probably made a lot more had they done it patiently over several days instead of in a single transaction at low volume. Oh, I agree that it's good for bitcoin in general when they cash out and their coins get distributed into more hands. All I'm saying is that it's better for the market and themselves when they don't simply take a huge dump on the market. Title: Re: I think we need to look back at history... Post by: Jaime Frontero on June 11, 2011, 05:51:40 PM all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected. i'm pleased they've done so well. Maybe. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. I'd like to think early adopters would be a bit more cautious at cashing out. Not just because they could do violence to the market, but because, at least in the most recent case, the person who cashed out could have very probably made a lot more had they done it patiently over several days instead of in a single transaction at low volume. pretty clearly not. Quote Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. if you look through blockexplorer, you'll see that the 17,000 BTC transaction which precipitated this correction was made up of very old (2009 & 2010), mined blocks, with no internal transactions. i'm reasonably sure this was a very early adopter. Title: Re: I think we need to look back at history... Post by: cypherdoc on June 11, 2011, 05:52:32 PM Correct me if I am wrong; however, in the past we have had huge declines such as these and only a few time cycles later the price went to new heights. I see very little to fear. totally agree. and despite what the fear mongers on the forum say, they too believe it and want to capitalize on the selloff by BUYING. otherwise, why would they be wasting their time posting FUD? Title: Re: I think we need to look back at history... Post by: cypherdoc on June 11, 2011, 05:53:20 PM it's pretty volatile alright. chart up to 8th June 2011 - didn't download the data for last few days yet. https://i.imgur.com/nFfYN.png can you link me to this graph? Title: Re: I think we need to look back at history... Post by: k on June 11, 2011, 05:55:35 PM does this work
https://i.imgur.com/nFfYN.png (https://i.imgur.com/nFfYN.png) Title: Re: I think we need to look back at history... Post by: proudhon on June 11, 2011, 05:59:49 PM all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected. i'm pleased they've done so well. Maybe. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. I'd like to think early adopters would be a bit more cautious at cashing out. Not just because they could do violence to the market, but because, at least in the most recent case, the person who cashed out could have very probably made a lot more had they done it patiently over several days instead of in a single transaction at low volume. pretty clearly not. Quote Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. if you look through blockexplorer, you'll see that the 17,000 BTC transaction which precipitated this correction was made up of very old (2009 & 2010), mined blocks, with no internal transactions. i'm reasonably sure this was a very early adopter. How can you tell through blockexplorer what coins were involved in an MtGox transaction? I'm sincerely asking. I guess I assumed that internally to MtGox you weren't necessarily selling the coins you sent in. Title: Re: I think we need to look back at history... Post by: cypherdoc on June 11, 2011, 06:05:08 PM does this work https://i.imgur.com/nFfYN.png (https://i.imgur.com/nFfYN.png) what i'm asking for is a site that i can regularly check this graph update. Title: Re: I think we need to look back at history... Post by: Anonymous on June 11, 2011, 06:06:07 PM does this work https://i.imgur.com/nFfYN.png (https://i.imgur.com/nFfYN.png) what i'm asking for is a site that i can regularly check this graph update. Title: Re: I think we need to look back at history... Post by: Jaime Frontero on June 11, 2011, 06:06:21 PM all i see is early adopters taking profits. this strikes me as perfectly reasonable and expected. i'm pleased they've done so well. Maybe. Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. I'd like to think early adopters would be a bit more cautious at cashing out. Not just because they could do violence to the market, but because, at least in the most recent case, the person who cashed out could have very probably made a lot more had they done it patiently over several days instead of in a single transaction at low volume. pretty clearly not. Quote Or, could be somebody who recently invested a lot of money, got spooked by the price turning down, and tried to recover at least a portion of what they put in. if you look through blockexplorer, you'll see that the 17,000 BTC transaction which precipitated this correction was made up of very old (2009 & 2010), mined blocks, with no internal transactions. i'm reasonably sure this was a very early adopter. How can you tell through blockexplorer what coins were involved in an MtGox transaction? I'm sincerely asking. I guess I assumed that internally to MtGox you weren't necessarily selling the coins you sent in. go here: http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLS then click on the blocks, one at a time. Title: Re: I think we need to look back at history... Post by: cypherdoc on June 11, 2011, 06:17:36 PM if you look through blockexplorer, you'll see that the 17,000 BTC transaction which precipitated this correction was made up of very old (2009 & 2010), mined blocks, with no internal transactions. i'm reasonably sure this was a very early adopter. How can you tell through blockexplorer what coins were involved in an MtGox transaction? I'm sincerely asking. I guess I assumed that internally to MtGox you weren't necessarily selling the coins you sent in. go here: http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLS then click on the blocks, one at a time. nice detective work Jaime. so an early adopter miner was responsible for the selloff starting at 20 and taking it down to 13? the doom and gloomers got their wish. Title: Re: I think we need to look back at history... Post by: k on June 11, 2011, 06:36:34 PM does this work https://i.imgur.com/nFfYN.png (https://i.imgur.com/nFfYN.png) what i'm asking for is a site that i can regularly check this graph update. sorry, I just did it manually. Not automated and I'm not a coder so not that easy for me to automate it. (yet anyway) Title: Re: I think we need to look back at history... Post by: Jaime Frontero on June 11, 2011, 06:44:48 PM if you look through blockexplorer, you'll see that the 17,000 BTC transaction which precipitated this correction was made up of very old (2009 & 2010), mined blocks, with no internal transactions. i'm reasonably sure this was a very early adopter. How can you tell through blockexplorer what coins were involved in an MtGox transaction? I'm sincerely asking. I guess I assumed that internally to MtGox you weren't necessarily selling the coins you sent in. go here: http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLS then click on the blocks, one at a time. nice detective work Jaime. so an early adopter miner was responsible for the selloff starting at 20 and taking it down to 13? the doom and gloomers got their wish. it wasn't my work. i only noticed it. "i stand on the shoulders of giants..." ~Bernard of Chartres Title: Re: I think we need to look back at history... Post by: Anth0n on June 11, 2011, 06:50:15 PM Volatility drives people crazy and causes panic when the price drops. When Bitcoin sentiment is negative, you know you will get a cheap price when you buy. So I think now is the time to buy, and I would certainly buy some now if I had the extra cash to risk.
Just don't take this post as investment advice, I'm just saying the decision I would be making. Title: Re: I think we need to look back at history... Post by: cypherdoc on June 11, 2011, 07:30:56 PM if you look through blockexplorer, you'll see that the 17,000 BTC transaction which precipitated this correction was made up of very old (2009 & 2010), mined blocks, with no internal transactions. i'm reasonably sure this was a very early adopter. How can you tell through blockexplorer what coins were involved in an MtGox transaction? I'm sincerely asking. I guess I assumed that internally to MtGox you weren't necessarily selling the coins you sent in. go here: http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLS then click on the blocks, one at a time. nice detective work Jaime. so an early adopter miner was responsible for the selloff starting at 20 and taking it down to 13? the doom and gloomers got their wish. it wasn't my work. i only noticed it. "i stand on the shoulders of giants..." ~Bernard of Chartres no, i've spent the last 2 mo trying to better analyze the block chain. you can tell by the time it was him who sold btwn 13 and 20; just one guy. thats important info to know. Title: Re: I think we need to look back at history... Post by: cypherdoc on June 11, 2011, 07:32:25 PM does this work https://i.imgur.com/nFfYN.png (https://i.imgur.com/nFfYN.png) what i'm asking for is a site that i can regularly check this graph update. sorry, I just did it manually. Not automated and I'm not a coder so not that easy for me to automate it. (yet anyway) kirian, thats a great graph. u should put that up somewhere. i've been begging the chart makers to publish daily % changes but no one is currently. Title: Re: I think we need to look back at history... Post by: niemivh on June 11, 2011, 11:53:27 PM I bought more near the peak that I've have liked (I'll blame that on severe Dwolla delays) but the worst thing I could do now is to sell.
Title: Re: I think we need to look back at history... Post by: gigitrix on June 12, 2011, 12:20:42 AM I bought more near the peak that I've have liked (I'll blame that on severe Dwolla delays) but the worst thing I could do now is to sell. Think in terms of months, not days. Your money is most likely fine. We "double" all the time, it would be ludicrous if that didn't work the other way and "halve" occasionally as people cash out en masse. Speculators spreading obvious FUD were just after your money guys. Title: Re: I think we need to look back at history... Post by: artemchernov503 on March 16, 2018, 07:16:27 AM At once I will say that the demand for bitcoins is not really that big. That is, from the total number of people on Earth, only a very small percentage buys, stores and resells these bitcoins.
Title: Re: I think we need to look back at history... Post by: pletnevihor on March 26, 2018, 06:46:34 AM These people originally laid in bitcoin an analogy with gold. It was 2008-2009 - the height of the global financial crisis. The general public and financiers were disappointed in the structure of the modern financial system.
Title: Re: I think we need to look back at history... Post by: Marrying_Couch on March 26, 2018, 06:50:38 AM You do not have to be afraid, because from history, bitcoin market is like that, but it does not last long. We can see from the past that every year period there will be a decrease or increase in price, it is very reasonable in bitcoin. Stay calm and control.
Title: Re: I think we need to look back at history... Post by: Geemy on March 26, 2018, 06:58:01 AM Yes, we must look at history to know what to do at that time. The past teaches us what to do now and in the future, and from my point of view in history's view, we need to keep our content now.
Title: Re: I think we need to look back at history... Post by: Blackrain13 on March 26, 2018, 06:58:54 AM Correct me if I am wrong; however, in the past we have had huge declines such as these and only a few time cycles later the price went to new heights. I see very little to fear. That is the result of volatility. From the beginning of tis year 2018 until now there are several times of bitcoin price drops but t is still moving ups and down. Even we take a look at the past,bitcoin already faced a lot of ups and down repeatedly and that is normal. Always believe that from down it will go up... Title: Re: I think we need to look back at history... Post by: EmJay on March 26, 2018, 08:53:37 AM Correct me if I am wrong; however, in the past we have had huge declines such as these and only a few time cycles later the price went to new heights. I see very little to fear. Yes I agree with you. If we will look back in the previous prices of bitcoin, the dip of bitcoin price now is just normal. After the dip , it usually rise back and double its value. So for me I don't worry to much because I know it will back to normal sooner. Maybe those who bought their bitcoin in higher price are so much in worry now but jusy keep holding and it will be paid off in the end. Title: Re: I think we need to look back at history... Post by: Dmitry.Vastov on March 27, 2018, 05:45:15 PM Correct me if I am wrong; however, in the past we have had huge declines such as these and only a few time cycles later the price went to new heights. I see very little to fear. Bitcoin is an investment and the fluctuation of valuation is very common rule of every investment. So if you are talking about the history then you must also know that BTC in the past decade is not that much popular and this is the reason that the valuation of BTC is not that much high that time because very few people knew BTC but now millions of investors are investing into BTC and thus the valuation is high, so buddy don't fear and enjoy bitcoining. |
