Bitcoin Forum

I'm irrational, illogical, and emotionally invested. Anybody with me?

Not yet.  I need to see people willing to risk additional money as opposed to being content as bagholders.  I want to see difficulty rocketing back up.  Until then I know I can buy cheaper later -- if I care to.

Get back to me when you're afraid of missing the rocket ride up.

I'm holding, and I believe I'm making a quite rational and sound decision.

I just want the "real" bottom to come,  so that the trolls can finnally just go away and we can have some peace back here. We all have a serious amount or work to do, and all the fluctuations do is take us away from our projects which are the keys to growing this economy in the first place...

I am going to sell even at 8 dollars like clock work. As I mine them I sell. I will just end up with an average price
over the months which is probably at 14-15 right now.

The trolls will never go away. They're not here by accident. The notion of a decentralized, deflationary, uncounterfeitable currency is remarkably dangerous and scary to some people... That's why the trolls are here.

See you on the way back up :)

Would you still be willing to buy if the difficulty was e.g., 20,000?  How about 200,000?  Is your decision based on a 2 million difficulty and monthly growth of 20+%?

At what difficulty would you consider $.50 a good vs bad investment?   Would the rate of network growth or shrinkage influence your decision, or did you not even consider difficulty in your "definitely buy" decision?

I would like to direct both of you to this thread I just posted.  https://bitcointalk.org/index.php?topic=34921.0

I'm staying in. My btc holding is not high value yet. And I still feel this shakeout is good for the community.

i'll hold once it drops enough to buy in again, for now happy to get out when i did

we need more topics like this!
BUY BUY BUY

This crash is gaining just picked up a shitload of momentum...wow...

MacD is bearish again

StochRSI < 20

ADX about to break 50%

Fuck all volume

Drop 'em people or get raped

http://images.cheezburger.com/completestore/2009/8/10/128944216666965159.jpg

Looks like it's attempting a plateau at 7.5

who wants to bet that at least half the people panicking and selling were people bitching earlier on how they missed the ground floor back when bitcoins were cheap.

the mybitcoin hack sucks, which is quite an understatement but that is a problem with mybitcoin. With bitcoin nothing really has changed. Bitcoin isnt being banned anywhere really. it hasnt been hacked. No one is really messing with the block chain. And back to externals on the good side, ruxum is expanding to new currencies, development is churning right along.

This really is an opportunity for people willing to take it. I cant say where the bottom is, and it will probably be a long climb out, but I see this more as opportunity than something bad.

Hey it even looks like mining diff might actually drop for a change... wouldnt that be nice.

Everyone is getting scammed from every direction. Honest bitcoiners have no chance. I have no faith in humans anymore to be trustworthy, honest, and responsible. Especially on the internet.

Just traded @ $7.25 $7.21

Just broke thru a new floor. I'm guessing it will hit 7 now.

7.15$ now

I can't believe how many people are selling right now, what the hell is wrong with them?

I'm telling you...


 once one of those $100,000 order guys figures out he'll never get his money back, he'll sell all to regain any money he has lost from a stupid decision.  If he waits any longer, he'll have nothin. I'm sure he'd rather sell at $7 than $6 or even $5 or worse.

Last chance to sell in the $7 range.


Going....








going,...

and now below 7$, wow just wow..

this thing is falling faster than i can type^^

$6.60

QFT

I did warn ya's

5.7$!!!!!


WHAT?! AHHHHHHHHHHHHHHHHHHHHHHHHHhhhhhhhhhhhhhhhhhhhh

I mean...this is incredible to watch.  I do feel for people who've lost money.  But, man!  This is some seriously wild shit to watch.

Well, we are certainly watching an interesting time!

I just withdrew my bid at $3 lol

There's still more pain to come

just sayin'

Drop it like it's hawt
Drop it like it's hawt
Drop it like it's hawt

Why, you might get it. lol

OP: Can you just give me your money instead?

This is what I feel like right now: http://bitcoinweekly.com/comics/bitcoin-selloff

+1 ^^

@kiba. Indeed. I used WU + LR to load before, now want to use Dwolla but going through account setup processes still. :\

I'm confident it will eventually bounce back with a vengeance

LOL bounce usually implies immediacy not eventuality.

I feel the same way. Lets purge this community from scammers/trolls/ and overall bad people. And lets build some good things together...

+1

That almost sounds like one must hoard Bitcoins to be part of the "building nice things" community.

I speculate, meaning I do sell when I think the price will drop, yet I do wish to *use* Bitcoin for trading in the future. I'll just buy some again when I need 'em (or think their value will rise). Am I a traitor now? *shrug*

There's a lot of potential for Bitcoin. Just not in mainstream speculation mania and hoarding.

Depends on how far the ground is.

I never did.

btc's just rebounded to about 9
im happy:)

Did you just jinx it? looks like it went from 8.7 to 7.1 or so in minutes.

What an amazing chart!

First, somebody bought up $7.5 to $8.5 (spending about $50k USD) and then put a $40k bid wall for 5k BTC at $8.5.

A seller called that bluff, and sold through the wall (about $40k worth of BTC), pushing the price down to ~$7.12.  Now there's very little depth between $7.1 and $8.5.

The players in this game have over $100k to play with.  Little guys are just dust in the wind.

http://www.youtube.com/watch?v=IdcBENN4NSU

You bet! Who would not notice that.

Just happened again.  In the thin volume, a bull put up a wall at 7.7 with a bid for $40k.  A seller sold through the wall, pushing price down to 7.05.  The sell was almost 9k BTC.

You know the big trades are individual players because they are volume spikes on the 1-minute chart.

Sure they may be attempting at a pump and dump but confidence is still on thin ice.

Monday will be interesting to see how things unfold.

im not selling, considered my "investment" lost cash when i first started...... ill either make a great profit or ride it all the way down to 0....either way, it was an entertaining way to blow a couple hundred bucks...IMO worth every penny  ;D

Yesterday I thought I was watching another Enron. But today it looks like a yo-yo contest.

As stated above, tomorrow should be very interesting, both here and on wallstreet.

E-Trade Baby Loses Everything.

http://www.youtube.com/watch?v=W4hfdaC7eL4&feature=youtu.be

If losing were a sport....



I'd finally win at something.

Price would go down to orders at $1 level, then sharply spike back. And I'd be happy.

Here's an interesting concept.

HOLD but inject NEW USD to BUY bitcoins at a heavily discounted rate.

Thereby for me, it'll balance out not selling @ $13.

Buy @ 7.83, sell at $8.5, buy at $7.5, sell at $8.5.... etc etc. (Not as easy as that but you get the idea, slowly regaining losses).

They pulled this maneuver once again but with a little bit more creativity :)

Unlike last night attempt at pump and dump with an obvious wall. Tonight's not only did they make the large purchase at once.

They moved the "staggered buy wall" by (6 to 6.5, 6.5 to 7, 7 to 7.5) but

Just like last night we need someone to call the bluff and purchase 50k worth of btc again in one go. :P

Well... I'm glad I braved it out and didn't sell. I could have participated in the panic, but I didn't. Now I'll just continue to sit here and wait. If I find I need something, I'll go buy it with Bitcoins. However, I don't think I'll be selling on the exchange in the near future.

Good for you, but you just as well could've picked up the free money, selling at 14 and buying back at 7.

Indeed, but then I would have actually had to watch the market, worry, stress, and wonder. Instead, I just said screw it, wrote it off as a possible loss, and enjoyed the weekend. Going long is so much easier :)