You stay away from something that has crashed like this. There is a reason it has crashed.
You know that in 1983, the video game market completely crashed? It went from 3 billions $ to 100 millions$ in 1985. It's a 97% value drop. The crash allowed an opportunistic Nintendo to enter the market and completely dominate it. Check the state of the video game market after that... Crash is an opportunity for newcomers. The only people who lose are the ones who were in the market during the crash. All those who where not in it didn't lost a single dime. They might even find the market interesting, because of its low value, it let those newcomers to come in and try things at a low risk. Yes, from 32 dollars to 2 dollars is sure to attract lots of new blood.  Some of you need to get a grip on reality. |
|
|
|
the bigger question is ..... at want price to we stop buying!
so lets say it hits 1$
everyone gose nuts and buys bitcoins in mass
10,000coins sold the price is now 5$ a coin.
wtf do we do now!?
This is exactly the problem. It won't bottom out at 1 or whatever and magically recover. The price will be driven up by believers, people will sell into those rallies because they want to get out before it crashes again, hence causing a crash, it will dip near the low again after some time, a few more will buy in, rinse and repeat. There will be lots of turmoil, but it isn't necessarily going to go back up. Going all in at the bottom is a bad idea, because you don't know if its really going to be the bottom. It may just bounce a couple times and head right back down again. |
|
|
|
|
Can't be Atlas, he didn't start his post with unremorsefully.
|
|
|
|
Introducing "Rock Paper Scissors 2.0": ROCK PAPER SCISSORS SPOCK LIZARD But then everybody will choose Spock, therefore negating the additional two choices in order to reduce the number of ties! |
|
|
|
It isn't dead you dumbshit, btc price in fiat is irrelevant. Also this was the best LOL at the entire post. I love how he recommends to "end free trade" as if trade were a policy.
|
|
|
|
I have always been supportive of btc in general, since September 14. since i'm so stupid |
|
|
|
100% increase in 12 months is not a bad return!
True, except if one were so inclined, he could check my post history and see that I have always been supportive of btc in general, but I knew it still would drop to new lows and acted accordingly (and felt the need to enlighten others, and we had a nice discussion about it). Trying to predict where the price is going to fluctuate is fun and increases my investments, which of course will probably go back into btc. So basically cypherdoc and I agree on that point but that's about it, he's just a dumbshit fanboy who can't help but make cheerleader posts and talk about the bad men. |
|
|
|
I believe bitcoin is in a decline, and will be in a decline for the near future.
It's the price of Bitcoin that's in decline. The features of Bitcoin that make it a great alternative currency are still there regardless of price. Also if your a speculator which some people are, then surely this is a great oppurtunity to go short ? Obviously yes, I was talking about the price. And yes I am a speculator, and no this is a bad time to short. There will likely be a small bounce and some stagnation before the next crash. since i'm so stupid and you're so smart, as well as a speculator, how about a bet? $1000 that i think the USD price of BTC will be higher one year from now than it is today, the money to be held in escrow? That's not how speculation works. Besides, I have said before (I understand if you have problems retaining information) that I do believe bitcoin price may rise again, just that the price is declining and the bubble isn't fully over yet. Furthermore, I make my market bets on bitcoinica and mtgox, not against random crazies on the forums. Like I'm really gonna let my money sit in some escrow account for a year when I could be using it to make more money. |
|
|
|
I believe bitcoin is in a decline, and will be in a decline for the near future.
It's the price of Bitcoin that's in decline. The features of Bitcoin that make it a great alternative currency are still there regardless of price. Also if your a speculator which some people are, then surely this is a great oppurtunity to go short ? Obviously yes, I was talking about the price. And yes I am a speculator, and no this is a bad time to short. There will likely be a small bounce and some stagnation before the next crash. |
|
|
|
|
Why does it bother you so much that people are making money, even while btc is in a decline?
|
|
|
|
When it was at 17USD I had zero intention to sell.. I wont even considering sell any until sometime in 2013 I reckon. This does not mean I wouldnt use them to trade for goods though  I just dont see the point of switching out to other currencys. Certainly not at this time anyway. Yeah people who don't have a lot invested aren't gonna care much, they'll see it as a lottery ticket of sorts. People who have thousands of btc, or tens of thousands invested though? They definitely will sell once it gets low enough (like has been happening on the bounces). People who have money tend to know how to use it, and holding bitcoins at the moment is fucking dumb. There may be a rosy future for btc, but not in the next 6 months. now is the time to buy. it won't go much lower than this if at all. buy the dips. Disagreed. Thanks for the advice though. |
|
|
|
don't be so damn practical.
all the Bears have an agenda; why else would they spend all their valuable time here bashing Bitcoin if they truly believed it was worthless?
Yes, just because I believe bitcoin is in a decline, and will be in a decline for the near future, means I "truly believe it is worthless" I just think stupid people are stupid for making bad trades. Like this guy koko, he could've sold/traded/bought and have a lot more btc/money, but since he's the aforementioned stupid person, he doesn't, and only has 10 bucks. Especially since he bought in before the bubble. But from your "getting paid to diss" comment, I can see you are another one of those people. Good luck with that! |
|
|
|
10 bucks in your bank account, and 47 btc, while its in the middle of a huge crash, with more to come? Yep, sucker  |
|
|
|
When it was at 17USD I had zero intention to sell.. I wont even considering sell any until sometime in 2013 I reckon. This does not mean I wouldnt use them to trade for goods though I just dont see the point of switching out to other currencys. Certainly not at this time anyway. Yeah people who don't have a lot invested aren't gonna care much, they'll see it as a lottery ticket of sorts. People who have thousands of btc, or tens of thousands invested though? They definitely will sell once it gets low enough (like has been happening on the bounces). People who have money tend to know how to use it, and holding bitcoins at the moment is fucking dumb. There may be a rosy future for btc, but not in the next 6 months. |
|
|
|
|
Not quite, still a ways to go.
|
|
|
|
this hurts my 35 BTC  but now i don't sell for sure, anyway to late. somewhere someone has pushed a shiiiitload of BTC into the market.. There's 7200 new ones every day so yeah...there's a lot coming in and not enough interest for them. |
|
|
|
Another fantastic day yielding another 20% return on original investment. If this is suffering then consider me a masochist!
Congrats. Did you short on bitcoinica? whate else. like every second wise-crack inside this forum advocating the total-death of bitcoin (you must know it since you shortsell it to death, don't you?) bitcointalk seems to me increasingly like a selffullfilling prophency of the bitcoin death. no more enthusiasms but increasing zynical shortselling and making profit with killing the only real quality alternative currency having potential to change world economy. great job! hope you greed makes you happy. as long as a majority of members inside here play daytrader and shortbetter and whatever, but on the same hand are esotherikc "the bitcoin death is neeeear"-folks, i really really don't wonder why the course of BTC is sinking rapidly. but i have to say: i hate it if something goes down not out of fundamentals, but because people are (bitcoin)talkING it to death!! and that is what you do! you say "THE COURSE WILL GO UNDER 0,5$!!!" and encourage everybody to sell with that. what happens?! the course goes to under 0,5$! ..but that is nothing near fundamental conservative trading, that is just manipulating speculation, and you know that! so stop it. just don't paint the devil onto the wall all the time, it just helps the shortseller on bitoinca, nobody else! thanks Yes the power of positivity will bring btc back Everybody hold hands! We'll have a rally circle! |
|
|
|
The turn took place on the short term (minute) time scale. This upmove was the strongest in many days and could be the start of a larger bounce / reversal.
A move above 3.7 $ will now confirm at least another move up. Do your charts ever tell you to sell? Do you just keep mum, then? I know, right.. Minor bump doesn't mean reversal, it;s just a bounce on the way down, same as at 4, 5, 6, it will just happen at smaller increments since the price is getting so low. Until the denial phase finishes anyway, then the panic selling starts. Probably when it gets below 3. |
|
|
|
"The biggest indicator for success in America is not a level of merit or hard work, but the amount of wealth inherited from family members", says Samuel Bowles, an economist at the Sante Fe institute.
Debate.
If you really wanted a debate you would state your own opinion, instead of just c/p some quote and saying Debate. |
|
|
|
My question remains is why haven't we told occupy wall street about bitcoins? Beyond that, the lorn and gambling industry would definitely help us flourish again.
They do know about it, some of them are taking donations in it, they just aren't interested in it beyond that, like the majority of the world. |
|
|
|
|
Show Posts
