Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Elwar on April 12, 2013, 12:54:08 AM



Title: A lot of low post count users here today worried about the price
Post by: Elwar on April 12, 2013, 12:54:08 AM
Welcome to Bitcoin. Now that MtGox is not trading for a while, maybe it is a good time to learn a little bit about what you invested in:

The White Paper
http://bitcoin.org/bitcoin.pdf

Hopefully after you are done investing you will consider trying out the Bitcoin currency.


Title: Re: A lot of low post count users here today worried about the price
Post by: proudhon on April 12, 2013, 01:15:58 AM
Welcome to Bitcoin. Now that MtGox is not trading for a while, maybe it is a good time to learn a little bit about what you invested in:

The White Paper
http://bitcoin.org/bitcoin.pdf

Hopefully after you are done investing you will consider trying out the Bitcoin currency.

LOL!  Well played Elwar.  You nailed it.


Title: Re: A lot of low post count users here today worried about the price
Post by: superdork on April 12, 2013, 02:04:35 AM
Some low post count users have researched and read very thoroughly....


I would imagine most of the speculators getting taken for a ride haven't even heard of this place.


Title: Re: A lot of low post count users here today worried about the price
Post by: cryptoanarchist on April 12, 2013, 03:14:05 AM
Noobs! 


Title: Re: A lot of low post count users here today worried about the price
Post by: ltc_foundry on April 12, 2013, 03:38:48 AM
Shocking! A massively deflationary commodity not being handled by markets as a liquid currency??? Who could have predicted??


Title: Re: A lot of low post count users here today worried about the price
Post by: Elwar on April 12, 2013, 03:45:39 AM
Shocking! A massively deflationary commodity not being handled by markets as a liquid currency??? Who could have predicted??

I can move my bitcoins quite easily.


Title: Re: A lot of low post count users here today worried about the price
Post by: repentance on April 12, 2013, 03:54:00 AM
Everyone should just calm down and listen to some relaxing music.



http://www.listentobitcoin.com/


Title: Re: A lot of low post count users here today worried about the price
Post by: Bitmeat on April 12, 2013, 03:57:11 AM
A lot of high post count users seem bitter and angry today.


Title: Re: A lot of low post count users here today worried about the price
Post by: MashRinx on April 12, 2013, 03:58:37 AM
A lot of high post count users seem bitter and angry today.

They are?


Title: Re: A lot of low post count users here today worried about the price
Post by: nebulus on April 12, 2013, 04:08:23 AM
Lol


Title: Re: A lot of low post count users here today worried about the price
Post by: yolo2222 on April 12, 2013, 04:08:42 AM
Everyone should just calm down and listen to some relaxing music.



http://www.listentobitcoin.com/

wow!


Title: Re: A lot of low post count users here today worried about the price
Post by: saddambitcoin on April 12, 2013, 04:21:32 AM
Big bitcoin ballers never scared about the price...we use this currency 4 life.  We have no bank accounts.  

edit to add:  if you buy it, spend it.  use it on something, not just cashing out eventually. 


Title: Re: A lot of low post count users here today worried about the price
Post by: superdork on April 12, 2013, 05:27:01 AM
Everyone should just calm down and listen to some relaxing music.

http://www.listentobitcoin.com/

That tells the story right there of a DDOS attack.  :-\

look at the prices, .06, <.01, .09 .... just jamming the system up with bullshit.

15    .01 bubbles on the screen at the same time.




Title: Re: A lot of low post count users here today worried about the price
Post by: Elwar on April 12, 2013, 05:35:14 AM
Everyone should just calm down and listen to some relaxing music.

http://www.listentobitcoin.com/

That tells the story right there of a DDOS attack.  :-\

look at the prices, .06, <.01, .09 .... just jamming the system up with bullshit.

15    .01 bubbles on the screen at the same time.




You cannot DDOS the Bitcoin network.

The small transactions you see are probably SatoshiDICE.


Title: Re: A lot of low post count users here today worried about the price
Post by: WackyWilly on April 12, 2013, 05:35:39 AM
Everyone should just calm down and listen to some relaxing music.

http://www.listentobitcoin.com/

That tells the story right there of a DDOS attack.  :-\

look at the prices, .06, <.01, .09 .... just jamming the system up with bullshit.

15    .01 bubbles on the screen at the same time.


You're misinterpreting the small bubbles you're seeing (and hearing) :  ... they represent the actual transaction size in BTC, not the BTC/USD trade price.


Title: Re: A lot of low post count users here today worried about the price
Post by: superdork on April 12, 2013, 05:51:11 AM
Everyone should just calm down and listen to some relaxing music.

http://www.listentobitcoin.com/

That tells the story right there of a DDOS attack.  :-\

look at the prices, .06, <.01, .09 .... just jamming the system up with bullshit.

15    .01 bubbles on the screen at the same time.


You're misinterpreting the small bubbles you're seeing (and hearing) :  ... they represent the actual transaction size in BTC, not the BTC/USD trade price.

I am doing nothing of the sort.  . .  BTC0.01 is about a dollar right now. That is an incredibly small increment for a time when most transactions are occurring on a trading exchange. 


Title: Re: A lot of low post count users here today worried about the price
Post by: Elwar on April 12, 2013, 06:00:18 AM
Everyone should just calm down and listen to some relaxing music.

http://www.listentobitcoin.com/

That tells the story right there of a DDOS attack.  :-\

look at the prices, .06, <.01, .09 .... just jamming the system up with bullshit.

15    .01 bubbles on the screen at the same time.


You're misinterpreting the small bubbles you're seeing (and hearing) :  ... they represent the actual transaction size in BTC, not the BTC/USD trade price.

I am doing nothing of the sort.  . .  BTC0.01 is about a dollar right now. That is an incredibly small increment for a time when most transactions are occurring on a trading exchange. 

You do not send .01BTC increments to the exchange.

The bots send a bunch of small transactions within their account on the exchange. The only movement that occurs is within the MtGox database. It does nothing on the Bitcoin network.

Otherwise you would have to wait 10 minutes to an hour every time you make a trade (without the lag).


Title: Re: A lot of low post count users here today worried about the price
Post by: pheaonix on April 12, 2013, 06:03:54 AM
ask me a question and see how stupid i am

i have lurked moar silly namefag


Title: Re: A lot of low post count users here today worried about the price
Post by: silverback on April 12, 2013, 06:15:49 AM
Let me ask you financial geniuses something. How much of your own money have you invested in the bitcoin project? None? That's what I thought. And that's how much of a crap you give about the bitcoin project. $0 worth. In fact you probably have taken out more than you put in, making you nothing more than a drain.

Yeah, the second crash is as good a time as any to point out that the people who called bitcoin a pyramid scam were right. People who actually contributed something have been taken for a ride. To them bitcoin is a scam. They put real wealth in and were robbed by people who added nothing.


Title: Re: A lot of low post count users here today worried about the price
Post by: jubalix on April 12, 2013, 06:27:07 AM
Welcome to Bitcoin. Now that MtGox is not trading for a while, maybe it is a good time to learn a little bit about what you invested in:

The White Paper
http://bitcoin.org/bitcoin.pdf

Hopefully after you are done investing you will consider trying out the Bitcoin currency.

IIT OP cannot into the uptake bootstrap feature...the investment part of BitCoin....goto FreiCoin then


Title: Re: A lot of low post count users here today worried about the price
Post by: yolo2222 on April 12, 2013, 06:29:45 AM
Let me ask you financial geniuses something. How much of your own money have you invested in the bitcoin project? None? That's what I thought. And that's how much of a crap you give about the bitcoin project. $0 worth. In fact you probably have taken out more than you put in, making you nothing more than a drain.

Yeah, the second crash is as good a time as any to point out that the people who called bitcoin a pyramid scam were right. People who actually contributed something have been taken for a ride. To them bitcoin is a scam. They put real wealth in and were robbed by people who added nothing.



This is to some extend true. But this is normal, and cant be take bad upon the people who have very little money and were clever to start mining or so 2 years ago. The clever ones just sold a small amount of their stash and will be in this for the long run and the good of bitcoin.

I myself bought at 230 $ for a not so little amount...still I am not letting my emtions take over!

Like Klaus said in another thread before : " If you cant handle the heat, get out off the kitchen!"


Keep it up! dont loose faith, we are just at the beginning....


Title: Re: A lot of low post count users here today worried about the price
Post by: pheaonix on April 12, 2013, 06:30:56 AM
hey, atleast there aren't going to be any more 30k avalons


Title: Re: A lot of low post count users here today worried about the price
Post by: Elwar on April 12, 2013, 06:39:11 AM
Let me ask you financial geniuses something. How much of your own money have you invested in the bitcoin project? None? That's what I thought. And that's how much of a crap you give about the bitcoin project. $0 worth. In fact you probably have taken out more than you put in, making you nothing more than a drain.


That is one of the best things about Bitcoin. The amount of investment that has gone into Bitcoin services built around the protocol. I have paid people to work on my project and put in many hours myself.

I am in this for the long haul. The price going up or down over the course of a week means nothing.

I convert most of my paycheck to bitcoins and when I can spend using bitcoins, I do. With more and more services being built up, there are starting to be more and more options of where I can spend my bitcoins.

Places like http://www.bitspend.net allow me to spend bitcoins anywhere on the Internet.

Once they come out with a bitcoin debit card (which is in the works) and a bitcoin bill pay (also in the works), I will be able to drop my bank account and move completely to bitcoins.

The only time I will need to use MtGox is every time my paycheck rolls in to convert into my preferred currency.


Title: Re: A lot of low post count users here today worried about the price
Post by: Herodes on April 12, 2013, 06:40:49 AM
Welcome to Bitcoin. Now that MtGox is not trading for a while, maybe it is a good time to learn a little bit about what you invested in:

The White Paper
http://bitcoin.org/bitcoin.pdf

Hopefully after you are done investing you will consider trying out the Bitcoin currency.

Whitepaper - you expect them to read that ? heheh


Title: Re: A lot of low post count users here today worried about the price
Post by: silverback on April 12, 2013, 06:44:16 AM
Welcome to Bitcoin. Now that MtGox is not trading for a while, maybe it is a good time to learn a little bit about what you invested in:

The White Paper
http://bitcoin.org/bitcoin.pdf

Hopefully after you are done investing you will consider trying out the Bitcoin currency.

Heh, heh! I read a shitty white paper, so I'm entitled to extract a million dollars of other people's money from bitcoin!

I guess I shouldn't trade in dollars if I didn't read the Federal Reserve Act?