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Title: Yet another proof of a screwed up ecosystem Post by: wobber on February 07, 2014, 08:03:50 AM Not that I wasn't expecting this but I think we have in front of our eyes another proof of bitcoin's "reliability" as e-cash, gold 2.0 and other callsigns. 150 dollars drop in a day is insane. Congratulations 2014, now all investors are running away. Or people here still think that big money (only money that can buy 3600 bitcoins a day at prices above 200) will get into bitcoin after this?
We now have some massive sell walls, strategically put in place at 700-720. Whoever thinks this 'crash' is not staged, is a baby. Bitcoin is nothing more, and probably will never be anything more than a purely speculative instrument. Title: Re: Yet another proof of a screwed up ecosystem Post by: chesthing on February 07, 2014, 08:06:36 AM Shut the hell up, this shit is what makes bitcoin exciting. Go watch the stock market and precious metals if you like watching paint dry so much.
Title: Re: Yet another proof of a screwed up ecosystem Post by: traderCJ on February 07, 2014, 08:10:08 AM Not that I wasn't expecting this but I think we have in front of our eyes another proof of bitcoin's "reliability" as e-cash, gold 2.0 and other callsigns. 150 dollars drop in a day is insane. Congratulations 2014, now all investors are running away. Or people here still think that big money (only money that can buy 3600 bitcoins a day at prices above 200) will get into bitcoin after this? We now have some massive sell walls, strategically put in place at 700-720. Whoever thinks this 'crash' is not staged, is a baby. Bitcoin is nothing more, and probably will never be anything more than a purely speculative instrument. wobber, everything has a speculative component. It's just that Bitcoin at this point is more speculation than substance. It will survive on and function as what it is supposed to be .. a medium of exchange, not a fricken digital gold bar. Title: Re: Yet another proof of a screwed up ecosystem Post by: zby on February 07, 2014, 08:10:45 AM The same was said in 2011 and at some point it will be true - but when is anybody's guess.
Title: Re: Yet another proof of a screwed up ecosystem Post by: chessnut on February 07, 2014, 08:11:28 AM revolution is never pretty.....
and what do you think is the fair value of bitcoin then? why dont you just be thankful and grab some cheap coins. Title: Re: Yet another proof of a screwed up ecosystem Post by: chesthing on February 07, 2014, 08:14:59 AM He's too busy whining about his coins losing value I guess?
Title: Re: Yet another proof of a screwed up ecosystem Post by: wobber on February 07, 2014, 08:17:12 AM He's too busy whining about his coins losing value I guess? Not exactly. Title: Re: Yet another proof of a screwed up ecosystem Post by: Oldminer on February 07, 2014, 08:17:28 AM Buy some lottocoins instead and move on
Title: Re: Yet another proof of a screwed up ecosystem Post by: GigaCoin on February 07, 2014, 08:18:34 AM i prefer looking at bitcoin as a currency commodity, it makes more sense that way
Title: Re: Yet another proof of a screwed up ecosystem Post by: wobber on February 07, 2014, 08:31:06 AM RECENT UPDATE:
After my dog barked that he thinks 300s is a certainty, also neighbor's cat started selling. |