I have money in Bitstamp and I am little worried that I am never gonna see them again  Bitcoins or dollars? Dollars mostly. Little BTC also. |
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I cannot believe this, but I have to admit. PROUDHON WAS RIGHT! EDIT: PROUDHON WAS NOT RIGHT! BULLS STRIKE BACK!
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I have money in Bitstamp and I am little worried that I am never gonna see them again |
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I am little scared for the people who told that they took huge loans to purchase BTC |
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 Bitcoin is a digital gold. |
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We now experience how a really free market handles a 'crash'.
Swift
Brutal
Effective
Governments could learn a lot from this.
+1 |
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50%+ is not a "minor correction", just for your future reference...
If you're looking at it from a 24 hour period. It didn't even break a rolling weeks low. Yep. It is funny how bears who sold out in 30$ think that they are now winners somehow.  |
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You just made a bad mistake. I hope you still have enough brains to buy back as soon as possible.
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The point is this: FUNDAMENTALS HASN'T CHANGED. This will be so epic bear massacre!  |
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The stable price is where the value created by bitcoin network is equal to the costs of running the whole network. And at least one of those two is dependent on bitcoin price. So just try to estimate those two numbers and compare them.
That is just not true. Search your feelings and you know it. Is the price of 100 dollar bill same as the cost of printing one? No it is not and it is same with Bitcoin. Can you be more specific at what exactly is not true. The cost of running the network is not dependent on the cost of creating early bitcoins. Those were very cheap. The cost is dependent on the current market price. That myth is debunked here: https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_them |
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The stable price is where the value created by bitcoin network is equal to the costs of running the whole network. And at least one of those two is dependent on bitcoin price. So just try to estimate those two numbers and compare them.
That is just not true. Search your feelings and you know it. Is the price of 100 dollar bill same as the cost of printing one? No it is not and it is same with Bitcoin. |
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Can we have a CRASH already???  Buy as soon as possible or regret for the rest of your life. |
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All my savings are in Bitcoin and I turn most of my every paycheck into Bitcoins and left just handful of fiat for rent and food.
that's the whole point of it all, isn't it? to use Bitcoin as a store of value and savings. /believer Sure. And when Bitcoin will come into mainstream I can store all my money in BTC because I will be able to pay my rent and food in it. And probably at that point my salary will be paid in Bitcoins.  |
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Not exactly from Atlas Shrugged, but from Ayn Rand nevertheless. When I read/listen this speech of Howard Roark I think that it applies very well for us Bitcoiners. We are the ones who move the world. http://www.youtube.com/watch?v=Zc7oZ9yWqO4 |
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I love this show so much! I can't wait for the episode 3. It's great to have something to listen everyday while I surf on Bitcointalk,
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All my savings are in Bitcoin and I turn most of my every paycheck into Bitcoins and left just handful of fiat for rent and food.
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For everyone who has some fiat money in exchanges: Let's kill some bears!
No fiat in stock anymore... fiat is selling like hotcakes... Same here. I am already all in with Bitcoin. But if I would have any fiat left I would buy immediately more. And that's exactly what I am going to do when I get my next paycheck. |
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