Bitcoin Forum

Economy => Trading Discussion => Topic started by: digdugg67 on June 11, 2011, 12:43:23 AM



Title: please go down .. please let there be a correction soon.
Post by: digdugg67 on June 11, 2011, 12:43:23 AM
Please go down so i can buy some more.
I've only got 60 bucks so maybe someone could make it go to 6 per BTC so i get 10 of them.
 ;)


Title: Re: please go down .. please let there be a correction soon.
Post by: alexandre on June 11, 2011, 01:58:17 AM
Looks like it went down substantially today. I'm glad Dwolla didn't clear yet or I would have put down 1000 USD at the higher price.


Title: Re: please go down .. please let there be a correction soon.
Post by: ErgoOne on June 11, 2011, 01:59:40 AM
ROFL!  I'm starting to watch, will buy when there appears to be a correction and an opportunity to maximize bitcoins I get for cash. :-) 


Title: Re: please go down .. please let there be a correction soon.
Post by: digdugg67 on June 11, 2011, 02:02:55 AM
I've got an order on TradeHill for 3 at 20 crossing fingers.

I miss PayPal on BitCoinMarket. I was turning stuff on ebay into paypal cash and buying bitcoins

worked fine for me but it is no longer. I guess TOS violation and too many scammers.

what a shame. It was huge on BCM. Nice volume.


Title: Re: please go down .. please let there be a correction soon.
Post by: alexandre on June 11, 2011, 02:24:13 AM
I've got an order on TradeHill for 3 at 20 crossing fingers.

I miss PayPal on BitCoinMarket. I was turning stuff on ebay into paypal cash and buying bitcoins

worked fine for me but it is no longer. I guess TOS violation and too many scammers.

what a shame. It was huge on BCM. Nice volume.

I'm trying to figure out a way to do instant Bitcoin purchases without the possibility of being scammed. I've been considering accepting Greendot cards in exchange for Bitcoins. Not quite as easy as PayPal, but it works.


Title: Re: please go down .. please let there be a correction soon.
Post by: bitcoinminer on June 11, 2011, 03:26:50 AM
the downside of a decentralized currency is there is no central authority to regulate transactions :)  It will grow in time though.


Title: Re: please go down .. please let there be a correction soon.
Post by: bitjet on June 11, 2011, 03:34:09 AM
the upside of a decentralized currency is there is no central authority to regulate transactions.  :)


Title: Re: please go down .. please let there be a correction soon.
Post by: bitcoinminer on June 11, 2011, 04:49:28 AM
the upside of a decentralized currency is there is no central authority to regulate transactions.  :)

Sounds like it should be a Churchill quote, were he still alive!


Title: Re: please go down .. please let there be a correction soon.
Post by: rnaodm on June 11, 2011, 12:57:46 PM
I wish I knew more about economics. Ive just been mining the coins for the last week but if the price continues to drop im willing to buy some as well. How low do you guys think itll go before it starts to rise again.


Title: Re: please go down .. please let there be a correction soon.
Post by: bitcoinminer on June 11, 2011, 04:13:51 PM
I wish I knew more about economics. Ive just been mining the coins for the last week but if the price continues to drop im willing to buy some as well. How low do you guys think itll go before it starts to rise again.

There's a strong possibility it will go up or down over the coming days, and a smaller chance it may stay the same.


Title: Re: please go down .. please let there be a correction soon.
Post by: coined on June 11, 2011, 04:27:49 PM
I don't think this is over, two big drops and partial recovery so far, the first was 25 to 20 then up to 25 again, looked stable for a short time, then slowly heading for 20 again, leading to 2nd drop  from 20 to 13, then another recovery, and looking stable for a short time.... here comes the 3rd 4th 5th?

would anyone be surprised about more drops testing $10 before the weekend is out?. we've been overdue for a correction since way before it hit $10 remember.



Title: Re: please go down .. please let there be a correction soon.
Post by: bitcoinminer on June 11, 2011, 04:30:03 PM
I still have a gut feeling $14-$18 is a good range for now based on previous difficulty increases... Although I put in an order at $25 when it was in the 30s.  Cest la vie :)