Bitcoin Forum

Economy => Speculation => Topic started by: legolouman on November 18, 2011, 09:30:35 PM



Title: Did I just?
Post by: legolouman on November 18, 2011, 09:30:35 PM
Did I just watch Gox BTC prices fall into the last real wall before a plummet? Are we (As a community) scared?


Title: Re: Did I just?
Post by: Jonathan Ryan Owens on November 18, 2011, 09:33:11 PM
Did I just watch Gox BTC prices fall into the last real wall before a plummet? Are we (As a community) scared?

Heh. It was beautiful. I can't wait to see that final wall get attacked, and for us to find real price parity.


Title: Re: Did I just?
Post by: Crypt_Current on November 18, 2011, 09:34:29 PM
Yerp, down hard friends


Title: Re: Did I just?
Post by: legolouman on November 18, 2011, 09:35:02 PM
I almost agree. From an economic standpoint, mining has to be a lose money situation, or a thing that is done ONLY if you can't buy BTC. With Bitcoin prices more stable at say $1, they would be a more viable currency, I understand that. I was just sitting with my jaw dropped as it happened.


Title: Re: Did I just?
Post by: Crypt_Current on November 18, 2011, 09:38:33 PM
I almost agree. From an economic standpoint, mining has to be a lose money situation, or a thing that is done ONLY if you can't buy BTC. With Bitcoin prices more stable at say $1, they would be a more viable currency, I understand that. I was just sitting with my jaw dropped as it happened.

I mine.

And I dunno about that whole "stable currency" stuff -- if I want to use my BTC, I use my BTC.  Right now I have a short position on bitcoinica which is the only reason I want to see price drop.


Title: Re: Did I just?
Post by: RyNinDaCleM on November 18, 2011, 09:41:10 PM
Woot! Rally!!!1!11


Title: Re: Did I just?
Post by: BadBear on November 18, 2011, 09:44:12 PM
Woot! Rally!!!1!11

Bear rally.  COINS FOR THE BEAR GOD!


Title: Re: Did I just?
Post by: RyNinDaCleM on November 18, 2011, 09:46:05 PM
First bite!


Title: Re: Did I just?
Post by: Matthew N. Wright on November 18, 2011, 09:47:40 PM
I'll never buy bitcoins to hold. Butcoin is an awesome way to transfer credits. Anyone holding then is just gambling.

Disclaimer: I am Tom Williams.


Title: Re: Did I just?
Post by: legolouman on November 18, 2011, 09:50:23 PM
Someone just dropped over 2000 coins in one transaction. It's going guys. No way to rally
Woot! Rally!!!1!11


Title: Re: Did I just?
Post by: RyNinDaCleM on November 18, 2011, 09:55:14 PM
Someone just dropped over 2000 coins in one transaction. It's going guys. No way to rally
Woot! Rally!!!1!11

Twice! But, I was being facetious!


Title: Re: Did I just?
Post by: legolouman on November 18, 2011, 09:56:45 PM
Someone just dropped over 2000 coins in one transaction. It's going guys. No way to rally
Woot! Rally!!!1!11

Twice! But, I was being facetious!

As it somehow holds ~2.15


Title: Re: Did I just?
Post by: Crypt_Current on November 18, 2011, 09:59:28 PM
Someone just dropped over 2000 coins in one transaction. It's going guys. No way to rally
Woot! Rally!!!1!11

Twice! But, I was being facetious!

yyyyeah keeps droppin back to 2.10.  I sold my remaining coins @ 2.15 though :-D


Title: Re: Did I just?
Post by: RyNinDaCleM on November 18, 2011, 10:02:06 PM
That wall is standing there taking it too. I thought for sure it would have been pulled by now.


Title: Re: Did I just?
Post by: Crypt_Current on November 18, 2011, 10:04:32 PM
That wall is standing there taking it too. I thought for sure it would have been pulled by now.

Eh, it'll chip away


Title: Re: Did I just?
Post by: legolouman on November 18, 2011, 10:04:37 PM
That wall is standing there taking it too. I thought for sure it would have been pulled by now.

That wall now looks like an odd L shape. It's slowly slipping.


Title: Re: Did I just?
Post by: Jonathan Ryan Owens on November 18, 2011, 10:04:51 PM
That wall is standing there taking it too. I thought for sure it would have been pulled by now.

He's going to die by his own sword, samurai style. Captain going down with his ship. Honorable.


Title: Re: Did I just?
Post by: proudhon on November 18, 2011, 10:10:34 PM
That wall is standing there taking it too. I thought for sure it would have been pulled by now.

He's going to die by his own sword, samurai style. Captain going down with his ship. Honorable.

http://i40.tinypic.com/1tmycn.png


Title: Re: Did I just?
Post by: legolouman on November 18, 2011, 10:11:35 PM
That wall is standing there taking it too. I thought for sure it would have been pulled by now.

He's going to die by his own sword, samurai style. Captain going down with his ship. Honorable.

Those other walls are beginning to look more..erm, wallish? Well yeah, they could get in the way.


Title: Re: Did I just?
Post by: proudhon on November 18, 2011, 10:16:58 PM
~6000BTC bite.


Title: Re: Did I just?
Post by: RyNinDaCleM on November 18, 2011, 10:20:41 PM
it's...it's...gone!


Title: Re: Did I just?
Post by: Crypt_Current on November 18, 2011, 10:20:48 PM
AND there it goes!!!!


Title: Re: Did I just?
Post by: proudhon on November 18, 2011, 10:21:45 PM
Aaaaaaand, boom goes the dynamite.


Title: Re: Did I just?
Post by: mjcmurfy on November 18, 2011, 10:22:09 PM
Even I have to admit that this is fun. :D


Title: Re: Did I just?
Post by: gimme_bottles on November 18, 2011, 10:22:41 PM
mtgoxlive.com just like cinema :)


Title: Re: Did I just?
Post by: Crypt_Current on November 18, 2011, 10:23:58 PM
mtgoxlive.com just like cinema :)

Better than movies / tv!!!


Title: Re: Did I just?
Post by: RyNinDaCleM on November 18, 2011, 10:24:05 PM
I know yall can't see me, but I assure you, I am eating popcorn!


Title: Re: Did I just?
Post by: proudhon on November 18, 2011, 10:24:12 PM
Will we make new lows?


Title: Re: Did I just?
Post by: gimme_bottles on November 18, 2011, 10:26:44 PM
Will we make new lows?

i am so exited to get up tomorrow and check mtgoxlive


Title: Re: Did I just?
Post by: proudhon on November 18, 2011, 10:28:20 PM
Will we make new lows?

i am so exited to get up tomorrow and check mtgoxlive

Haha.  So close to new lows.  Come on guys, we can do it!