Title: The Panic Selling of Sept 9th Fund Post by: iprivately on September 09, 2011, 06:03:50 PM I am now taking donations for the Sept 9th Panic Selling "OMG I lost my shirt to Bicoins" Fund
1JfQGr3XBKXyGgPHfBHVz9jiB9N3fLaYv1 Accepting contributions of 0.0001 but not more than 0.0009. Contributions greater than 0.0009 will be refunded. Title: Re: The Panic Selling of Sept 9th Fund Post by: GeniuSxBoY on September 09, 2011, 06:06:33 PM Nev4 4get
9/9/11 Title: Re: The Panic Selling of Sept 9th Fund Post by: iprivately on September 09, 2011, 06:08:45 PM I'm sure many of you ship jumpers have some coin left in those useless wallets. Sen'em herr ;D
Title: Re: The Panic Selling of Sept 9th Fund Post by: iprivately on September 09, 2011, 06:17:08 PM Title: Re: The Panic Selling of Sept 9th Fund Post by: bitcon on September 09, 2011, 06:24:39 PM you have over 22k and you're begging for microcents and satoshis? eesh.
Title: Re: The Panic Selling of Sept 9th Fund Post by: iprivately on September 09, 2011, 06:26:01 PM you have over 22k and you're begging for microcents and satoshis? eesh. is it ever enough... ::) plus if you don't believe, what does it matter what I have, I'll have nothing shortly...right? Title: Re: The Panic Selling of Sept 9th Fund Post by: gw4tt on September 09, 2011, 06:34:00 PM Sell the 22K into the bid walls.
Title: Re: The Panic Selling of Sept 9th Fund Post by: Minsc on September 09, 2011, 06:37:56 PM Sell the 22K into the bid walls. Yes. Fuck, I could use 22,000 bitcoins. Even 22,000 dollars. Title: Re: The Panic Selling of Sept 9th Fund Post by: buttcoin on September 09, 2011, 06:38:54 PM If you send me $30 USD I'll send you a Buttcoin mug!
Title: Re: The Panic Selling of Sept 9th Fund Post by: bitcon on September 09, 2011, 06:39:11 PM you have over 22k and you're begging for microcents and satoshis? eesh. is it ever enough... ::) plus if you don't believe, what does it matter what I have, I'll have nothing shortly...right? you might be able to get $22.80 if you wait long enough.... Title: Re: The Panic Selling of Sept 9th Fund Post by: Minsc on September 09, 2011, 06:42:43 PM OP
Just send me the 22K at 1JHR4q6fvsRGgmZoYwqCve66Vsb993t6vs and then I will sell them all off and then buy them back lower and give you the difference. Title: Re: The Panic Selling of Sept 9th Fund Post by: chungenhung on September 09, 2011, 07:18:03 PM I hope you don't dump all of that to the market now. Wonder if you can push it down to $3 or less.
Title: Re: The Panic Selling of Sept 9th Fund Post by: bulanula on September 09, 2011, 07:34:46 PM That is the problem with bitcoin and all of these nerdy blockchains. The early adopters get so much out of it and the rest get burned. Reminds me of a pyramid scheme.
Title: Re: The Panic Selling of Sept 9th Fund Post by: coined on September 09, 2011, 07:58:29 PM That is the problem with bitcoin and all of these nerdy blockchains. The early adopters get so much out of it and the rest get burned. Reminds me of a pyramid scheme. isn't that true for early adopters investing in anything that becomes big? Title: Re: The Panic Selling of Sept 9th Fund Post by: gw4tt on September 09, 2011, 08:02:12 PM isn't that true for early adopters investing in anything that becomes big? Yes. You could say all of wall street is a pyramid scheme. Title: Re: The Panic Selling of Sept 9th Fund Post by: Cluster2k on September 11, 2011, 07:13:01 AM 23k bitcoins (assuming it's real, which I have doubts about). Must have hurt to have missed the $30/btc bubble. At $4.75 each it's still a nice amount of money. Consider cashing out before it will only buy a new laptop. Title: Re: The Panic Selling of Sept 9th Fund Post by: bulanula on September 11, 2011, 11:43:23 AM Quote Consider cashing out before it will only buy a new laptop. If the early adopters cash out then the value will drop to nearly 0. Title: Re: The Panic Selling of Sept 9th Fund Post by: grod on September 11, 2011, 02:26:05 PM Quote Consider cashing out before it will only buy a new laptop. If the early adopters cash out then the value will drop to nearly 0. Which means they'd be able to buy back in, get the same (or more coins) AND wind up with more dollars. I don't see a downside. The only ones out money in that scenario are the get rich quick speculators. Someone just threw 100k on mtgox. That was an excellent selling opportunity, but that cash is being grabbed fast. I stopped mining, but if I hadn't I'd be selling into that "rally". I don't have a very accurate estimate of how much total $ have ever gone into bitcoin, but using a model which assumes it's more profitable to buy than mine and assuming more $ was spent to buy bitcoins directly than provide the network it's going to be somewhere between 4 and 8 million. So even if the LATE adopters cash out to pay for power and hardware it's going to be a bloodbath. At a hair below $5/btc we're still talking over $35,000 a day to feed this beast. Even if the vast majority of miners are content to be bagholders near term it's still BTC out there, available to be sold on the market. Those miners may not wish to sell at $32, $24, $22, $17.5, $15, $14, $13, $11, $10, $9, $7, $5 but they may be willing to sell at $.10. Title: Re: The Panic Selling of Sept 9th Fund Post by: gw4tt on September 11, 2011, 05:23:37 PM Why even bother selling at $0.10. At that point i'd just keep my coins, and pick up a couple thousand as well.
Title: Re: The Panic Selling of Sept 9th Fund Post by: mute20 on September 11, 2011, 05:28:18 PM Why even bother selling at $0.10. At that point i'd just keep my coins, and pick up a couple thousand as well. Logically it does not make sense ,but if you felt that the value of the coin could drop lower or to nothing you might be inclined to sell it. This is highly unlikely since simply you would sell it at a higher value lets say 1-2$. Some could be "stuck" if some how millions of coins where sold at once ,but I am sure the price would rebound. Title: Re: The Panic Selling of Sept 9th Fund Post by: FreeMoney on September 11, 2011, 05:42:07 PM Sounds like Peter Griffin. "I'll give you $100." "No" "80?" "No" "50?" "No" "ten cents?" "Deal!"
Title: Re: The Panic Selling of Sept 9th Fund Post by: iprivately on September 13, 2011, 12:07:00 AM I'm still taking donations! :)
Title: Re: The Panic Selling of Sept 9th Fund Post by: Minsc on September 13, 2011, 12:36:05 AM I'm still taking donations! :) I will give you all of my bitcoins if you give me 10% of your 22,000 coins. Title: Re: The Panic Selling of Sept 9th Fund Post by: iprivately on September 13, 2011, 12:38:20 AM I'm still taking donations! :) I will give you all of my bitcoins if you give me 10% of your 22,000 coins. How about we don't, but say we did? ;) |