Bitcoin Forum

BTC is falling like a rock!!!


Everyone out now!!!

See you at $5

I was like ffffuuuuudddgge! Except I didn't say fudge. I said the grand daddy of them all. The F, blank, blank, blank.

People should have been out days ago, dunno why anyone would have stayed in.  Also I think a crash may be an exaggeration, at least for the moment, while we are going down I don't think it will be super huge, for now.

SELL SELL SELL!!!


This is the end of Bitcoin!!!


.0001 here we come!!!

oh finally volume is back  ;D

Before I checked the price today, I was thinking, if the price drops below $6.00, which seemed to be the price point that was being protected. Its giong to fall pretty hard. Been many days of low volume also. Everything is ripe for a drop.

Here's to 4.9!   ;D

http://www.cartoonstock.com/newscartoons/cartoonists/mgo/lowres/mgon143l.jpg

im starting to understand how this forum works....

Grab your CHEAP bitcoins !!!

might as well give up mining, lots of cool games to play. sell your extra hardware before the price drops out

Looks like my buy order in the low $3.00 is still in from last time.  I guess I'll leave it and see if this time brings better results.

Back when we were hovering around 3.20 for a couple weeks and then suddenly dropped to the 2.70 range, I sold.  Then the very next day everything went back up (of course) and proceeded on to 7.XX :-/  Not making that mistake again.

This is a small dump. There will be a recovery guys.

talk to me after another 30 blocks or so and see how people behave

We've all been here longer than you.  We've seen this before.

Yeah, not even slightly scary this time.  Actually, more like expected  ;) ;D

Hit the nail again :)

The timing of this dip in BTC and a pretty healthy uptick in PM's is interesting.  I wonder if people who dabble in multiple speculative adventures made some sort of a shift.  (I personally had gotten some more silver last week in spite of what I considered higher prices than I had hoped, and have been avoiding buying BTC for a while now.)

I've never really noticed much of a correlation between PM's and BTC prior to this, but I also had not looked real hard.

Golden Parachutes are nice to have. Aren't they?   hehe

Silver is traded on a paper market (Comex, London, etc) that keeps prices artificially low by excessive shorting.
(see Max Keiser, Peter Schiff,  Eric Sprott, etc.)

Accordingly, not sure we can find a correlation between Silver and current BTC prices.

I'm fully aware of these arguments and don't doubt them.  I'm also totally delighted by the situation.  Usually the physical price and (artificially depressed) paper prices are close.  As a physical buyer, this translates into more ounces in my hand.  What's not to love!

I feel the same way about any downward manipulation which may be occurring in the Bitcoin markets.  And if manipulators manage to shake BTC out of the week hands, I'm happy to grab a few as they fall through the air.


I'm not sure why PM manipulation or BTC manipulation would have much effect.  If both markets are driven primarily by various speculators, which I sense is the case, than shifts in the mindsets of those speculators who have some overlap in both markets might be expressed. And expressed as an independent phenomenon to the various market manipulation schemes which may or may not be in play.

Let's see, I buy a $1K of bitcoins at .0001... 

These prices are not what I look forward to when I wake up after work...

What are you? A bed tester?  :D

I feel like this should break down again... stupid numbers.

haha

I was thinking same thing.. most of us sleep after work...

I want his job...

OFF TOPIC:

Then you need to buy my Silver.  No premium over spot price.

Please see links on my signature.

I hate to give up my BTC position overnight, but I have been doing it this week because of  "impending doom" factor.

The USD is still the same in the morning as I left it last night...

Someone wants off the ride... I bet impatience gets the best of im soon.

5.80000   2114.0816   

We were at 5.60 a week ago, trudged our way up to $6.50, and in January we've been repeating weekly trends.

Might have to flip my silver 1/2 dollar on this one, to help me decide.

get out now while you still can~!

OK, then what... ?

then give yourself a pat on the back

well, i woke up with a new position of 88 coins at 5.9 :)

don't know yet if it is good or bad, at least i am not at danger of getting zhoutonged - i think.

Its weighted average on Mt Gox is 5.72...Whats the problem?

Sure looks tempting to go back in... $5.65...with sweet siren calls of "Buy Me! Buy Me!"

As of this instant, you're minus 19 cents on 88 coins, is that good?

OT - sorry.

Is the @spot a special with BTC (cuz' the website seems to state normal spreads and I would be suspicious if it did not)?  If so, is it considered temporary?

You seem to be generating happy customers (though I always allow for the possibility of fraud.)  Although it is cheap, easy, and safe for me to utilize a local dealer, I have more USD with my Bitcoin exchange than I normally like in order to capitalize on a Bitcoin crash if it happens.  A desirable and cheap way for me to get these funds back would be to buy BTC, then buy silver from you.

Wooooo, what a loss! I think I would stay on for the ride. this willy-nilly sale when prices go down a little bit is exactly the kind of thing that triggered the great depression in the USA in the 40's. Chill out. step away from your monitors and get some fresh air, maybe have some sex with the significant other. See where the ride ends!

OMG. Well, it's going to $.01. I know this because a guy told me. I'm such a nice dude that I will buy as many BTC as you have for $.05 / BTC. That's .04 above final market price!!!
Just PM me and we can hook it up.

I PM'ed you since we are totally OT.

That's .19 x 88... ?

My girlfriend does not seem to appreciate it when we are in-the-act and I keep glancing over that the Bitcoinchart and Kitco charts.  All of my 'multi-tasking' arguments, however logical, seem to fall on deaf ears.

+1. I want to send you 2 bitcents sir, for making me laugh

well, im pretty sure we be above 6 again soon. at least temporarily.

My girlfriend hasn't mentioned it yet, but I do need to suppress the urge to glance sometimes, yeah :D

all chill on gewures disclosed position!

BTCUSD    88.0    $5.9271    -$26.46    -5.073%

Hang in there and dam the torpedoes and starfish.

Actually, that's not true in any absolute sense.  It's just difficult for you to observe the changes in the US$.  Compared to the history of the purchusing power of gold, instead of that of the US $, a gallon of gasoline hasn't varied more than 5%, comparing the average in 1971 to the average in 2011.  I'm pretty sure that the value of the US $ has varied far more than that in the internim, almost exclusively down.  That little fact has much to do with why I'm here to begin with.

I'm even nicer, I'll buy every bitcoin you have for 10 cents each, just to preserve your peace of mind.

I'm totally bullshitting of course...well, almost totally...I might sneak a peek if she heads off to the bathroom afterwards :)  I just thought that trying to explain such a thing as 'multitasking' to a female painted an amusing situation (and any donations should go to goat for the orphanage he deals with.)  Thankfully I have little difficulty staying focused on the important things at appropriate times, and am not that into Bitcoin.

I did switch my focus back to Bitcoin and stayed up most of the night when the amazing collapse down into the $3 range first happend, but that was some time ago and both my interest has waned and we've had plenty of similar events since then.

Sorry, I should of added "taking into account inflationary pressures on fiat currency systems..."

About next price trend....

No point in over-thinking it.

Last week we bumped down 50 cents then traded sideways forever at $6.30.

Looks like were just repeating, down 50 cents. Trading sideways this time around $5.80 or so.