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I ignored it and did nothing.
Not even sure what the big deal is. We had a bigger crash than this the first time China banned Bitcoin.
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Edit: Actually, I don't even care.
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Oh wow, a few people in here don't really understand bitcoin the technology. Bitcoin or some crypto (95% sure its bitcoin) will replace the financial rails of all the major institutions. I'm talking from banking, to stocks, to payment and remittance. Bitcoin is the superior technology and will out compete and out perform every other competitor. Why would you use moneygram or western union when there is bitcoin company in the same grocery store doing it for 1-2%?
Bitcoin adoption will happen in influxes, the tech savvy will read into it first, and get the lighbulb. They will create the beginning ecosystem. Then the entrepreneurs and venture (where we are now) will find out about it and build the businesses and companies on top of that. Then the regular mass of people will come in waves as the new businesses and companies are created that meet customer demands. Many or most even will not even know they are using bitcoin directly. It will be behind the curtain so to speak.
There will be speculation and crazy wild swings, why would it not? Imagine if the internet had a value, it surely would not have been a smooth ride. Senate meetings about child porn and gambling would cause the early internet price to plummet. News articles calling it "no better than a fax machine" would erode the confidence of many about the future of the computer internet. Not many people imagined it would go so far, but the ones who were educated did.
Because China banned it! And the IRS makes me pay tax on my capital gains just like I would with profits from any other investment~!!!111one </stupid speculators> |
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Cup and handle. Here comes the bounce. Sell @ $420-430.
I see no cup and handle. It went $440 -> $410 then has sat around there for a few hours now. |
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I think it is too late to sell now. Bitcoin hit rock bottom. No point in selling this low !
Yep, $400.11 was the bottom (unless we get more bad news). There's so much resistance at current prices that it's ridiculous. |
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Don't ignore who created coinjar, check who the owners are. One of the largest Bitcoin scammers in history owns it.
Would you trust mark karp if he opened a new exchange? I don't think so
But people forget history too soon.
Coinjar are scamming Australians, why do people still trust scammers? Amazes me
Name one person who Coinjar has scammed. Every BTC I own has been purchased through Coinjar and I've never lost a cent. I don't give a shit about the founders' history, as long as their business does what it claims to. Mt Gox customers never gave a shit about Karpeles' history either until ignorance bit them in the ass. Those that ignore history are bound to repeat it. If anyone actually has evidence that Ryan is a scammer then I suggest you contact the AFP: http://www.afp.gov.au/I have no affiliation with Coinjar or any of their employees. I'm just a satisfied customer who's slightly drunk right now. |
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Don't ignore who created coinjar, check who the owners are. One of the largest Bitcoin scammers in history owns it.
Would you trust mark karp if he opened a new exchange? I don't think so
But people forget history too soon.
Coinjar are scamming Australians, why do people still trust scammers? Amazes me
Name one person who Coinjar has scammed. Every BTC I own has been purchased through Coinjar and I've never lost a cent. I don't give a shit about the founders' history, as long as their business does what it claims to. |
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The fact that BTC is trading above $0.00 is proof that not everybody is bearish. I'm bullish and am expecting a trend reversal within the next few months.
My BTC are safely locked away in paper wallets and I laugh at the fools who panic sell every time China bans Bitcoin.
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Who even cares about China anymore? I forgot about them the very first time they banned Bitcoin last year.
Idiots just want any excuse to sell.
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This is still my favourite one of all. WTF is it even meant to be? A piece of paper balancing precariously on her lower back? Or is it glued to the mirror? Or maybe it's just floating in mid air? |
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Guys, it's clearly not Photoshopped. I'm positive these images haven't been modified in Photoshop at all.
They were done in MS Paint.
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I really don't see this as being big news. About a year ago I saw a Commonwealth Bank (one of the biggest banks in Australia) ATM which was in an endless reboot cycle - it kept blue screening when it reached the desktop.
It was running Windows 2000. This is infinitely worse than XP will be come April.
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I would like to hear a bit from him, like how he feels about Bitcoin's progress thus far, but I don't want to know personal details about him. It ruins the mystique.
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I don't think the bear market is over. Why would somebody who didn't invest a week ago, or a month ago (before Gox died), invest now? Nothing has really changed.
I can't see us making any significant upward movement until we get big news, like the SecondMarket exchange launching.
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The journalist just wants to score with her article. Do you know in what kind of god awful state so called professional journalism is nowadays? Look at all the bullshit they come up with around Syria, Ukraine, the economy and also Bitcoin. And then you are so easily able to accept this story as the truth? Isn't this more like wishful thinking or confirmation bias at work?
Journalism has always been a joke, it's just that we have better communication now (eg. Internet) which results in people being more educated about current events. Go back even just two decades and the only source of news was the morning newspaper. For us Australians, Rupert Murdoch pretty much controlled our opinions of everything. That's still true to a degree today - but not as bad as it used to be. We really need stricter laws on how powerful the media is allowed to be. It's just hard to achieve it in a way that doesn't put the Government in power, like in China. Perhaps one company can only control a certain percentage of the newspapers. I don't know. Murdoch determined the outcome of our last federal election. They would publish Photoshopped photos of the opposition leader wearing a Nazi uniform, and apparently that breaks no laws. |
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P.S. For a company that would launch a "payment network to compete the current credit cards and money transmission businesses", your website is not that impressive (to say it very very politely)! You have to make a significant upgrade.
This is one of the main reasons why I decided not to invest. I do not have much confidence in a company who are trying to build a revolutionary new payment system based on cryptocurrency when their website is not only broken, but also looks like it came straight out of 1995. It makes me question the level of technical expertise they have working for them. |
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Who panic bought??  I didn't panic buy; I made the preplanned decision to buy when the downtrend broke. wow, for 3 days nobody dumps at 550 $, and thats a downtrend broke. so naive to think that. This is exactly what I thought during the recovery in 2013. "It's only going up because nobody is dumping". All the way from $66 to $200. I have told myself many times now to ignore that thought. The lack of dumping indicates some change in supply in the background which you can't understand. no changes in supply, new 3600 coins hit the market every day. Just out of curiosity - do they really? Do we know what percentage of new coins are sold immidiately vs held? |
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Well, he ended up getting all the coins he wanted.
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+1
The Foundation has never done anything for Bitcoin. They sit back and let the money roll in.
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I tried signing up twice on LMB, never got any verification emails. Tried the password reset tool, still nothing. Emailed their support, no reply.
Oh well, guess I won't be buying any of their shares then.
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