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61  Bitcoin / Pools / Re: [5gh/s]Bitcoinmonkey.com(3BTC Bonus for current block, no fees, API, LP, Full 8) on: September 06, 2011, 04:15:36 AM
It's a sad story. I only submitted 13 shares and I'm not going to withdraw any payout to support you guys.
62  Economy / Goods / Re: [WTS] Sapphire 5830 for $100 (shipping included) on: September 06, 2011, 03:45:39 AM
I'll offer $100 worth of BTC for each one of your remaining cards.  I'd like to see pictures though... See how much dust there is.

-EP
Sorry but I saw your post of selling video cards. I have no idea why you would buy again from me.

Well, honestly, I miscalculated my power consumption and electricity rate, so I'm actually still making a pretty decent profit monthly with my 5.6GH/s.  I did sell off a couple of 5830s earlier for $125, so I'd be happy to buy back a couple for less than I sold for.  I'll give you 28 BTC for 2 of the 5830 shipped to 93301.

-EP

Wait... you only have 1... 14 BTC then.

-EP

PM me if interested.
63  Economy / Speculation / Re: Here we go again, bitcoin exchange rates have been doing just fine on: September 06, 2011, 02:59:55 AM
The fact is if I don't sell now, I might regret later when the price finally stablize at $1 or less.
The fact is if I don't buy now at $30, I might regret later when the price reaches $1000 or more.

That chance for it to go to < $1 is much greater than for it to go $1000. Know your odds...
64  Bitcoin / Mining / Re: at 7$ per btc i need to pull the plug on: September 06, 2011, 01:50:18 AM
if I'm a big company, I'd buy a huge amount of BTCs first, and then announce I'm accepting BTCs and big profit is mine.
65  Bitcoin / Mining / Re: Why 9-month payoffs are still foolish on: September 06, 2011, 01:46:49 AM
This thread is so full of crap.. People talking up nonsense and they are patting each other on their backs trying to discourage new miners. Have fun boys.  Wink

Oh and mining will be profitable at $.12/kwh even down to $3btc. If you want to sell your mining gears I'm certain people with higher IQ than you will buy that quickly off you.

Everybody who is selling their mining gears should quote your post:
"Want to show higher IQ? Buy my cards!"
66  Economy / Goods / Re: [WTS] Sapphire 5830 for $100 (shipping included) on: September 06, 2011, 01:39:43 AM
Very temping price, but with the current drop in BTC price it would be hard for me to justify purchasing it. Good luck with your sale!

Thanks. I don't expect to sell them soon and if I can't sell them when the price of BTC drops to < $1, I'll just give them away to friends.
67  Economy / Goods / Re: [WTS] Sapphire 5830 for $100 (shipping included) on: September 06, 2011, 01:33:46 AM
I'll offer $100 worth of BTC for each one of your remaining cards.  I'd like to see pictures though... See how much dust there is.

-EP
Sorry but I saw your post of selling video cards. I have no idea why you would buy again from me.
68  Economy / Speculation / Re: Here we go again, bitcoin exchange rates have been doing just fine on: September 06, 2011, 01:22:06 AM
The fact is if I don't sell now, I might regret later when the price finally stablize at $1 or less.

Selling is also a good thing, to people who has a strong faith in bitcoin and can't wait to catch the bottom...
69  Economy / Goods / Re: [WTS] Sapphire 5830 for $100 (shipping included) on: September 06, 2011, 01:19:48 AM
Still available???

-EP

Of course. To be honest, with such low price of bitcoin, I'd be surprised to see if anybody takes the offer.
70  Economy / Speculation / Re: Here we go again, bitcoin exchange rates have been doing just fine on: September 05, 2011, 11:58:09 PM

Putting up sell orders Smiley

I'm going to risk waiting for the 'Tuesday Effect' (which on this week should be Wed.) -- doing that has been treating me well.  Feel free to taunt me if I'm wrong.


I should listen to you since you've been observing the market longer than I did. Smiley My sell order is not executed yet and I'll wait for Wednesday.
71  Economy / Speculation / Re: What percentage loss have you taken speculating on bitcoin so far? on: September 05, 2011, 11:17:31 PM
Bitcoin was traded as high as $30, with decent volume. Yet nobody would admit they bought at that price.

All you can see here is people bragging about their gains, same thing you can see in a penny stock forum.

BTW, I don't give a damn about people who claim they made any profit, unless they can prove it. 90% of short-term traders lose money and that should apply to the bitcoin market as well. I do respect people who admit their loss as most of people won't have the courage to do so.

People 'bragging' about gains falls in line with the OP.

Profit can be described in terms of a loss thanks to a handy minus symbol.

Enough BS. Because of people like you, I see no future of bitcoin...
72  Economy / Speculation / Re: What percentage loss have you taken speculating on bitcoin so far? on: September 05, 2011, 11:08:27 PM
Bitcoin was traded as high as $30, with decent volume. Yet nobody would admit they bought at that price.

All you can see here is people bragging about their gains, same thing you can see in a penny stock forum.

BTW, I don't give a damn about people who claim they made any profit, unless they can prove it. 90% of short-term traders lose money and that should apply to the bitcoin market as well. I do respect people who admit their loss as most of people won't have the courage to do so.
73  Economy / Speculation / Re: What percentage loss have you taken speculating on bitcoin so far? on: September 05, 2011, 10:45:53 PM
If you started mining in the begining of June (like I did), you should be fine since your rigs should have been paid off. Now whether you should continue to mine depends on your power rate.

If you bought bitcoin in June as an investment, goood luck..
74  Economy / Speculation / Re: Here we go again, bitcoin exchange rates have been doing just fine on: September 05, 2011, 10:35:08 PM

Wish I had sold all at $10 range. Still holding about 15 BTC and can't wait for the price to rally to sell into...

I believe you're not alone -- and this is exactly why technical analysis works.  I'm far longer than I want to be, and looking at volumes it looks like a vast majority of "sell every day" miners are in the same boat we're in.

Which means the pressure keeps on building the longer bitcoin stagnates or slowly declines.  Slow pain is far far FAR worse than a quick surgical massive drop that reverses instantly - which is why the last visit to below 6 was not capitulation.

So I feel comfortable selling at $8 knowing full well this isn't the bottom.  It may be the bottom for a week or two, but give it more time and we'll see below $7 again.  Unless the trend reverses -- but then only a fool would cling to outdated analysis and projections.

TL;DR -- I believe my upside of selling at $8 is larger than my downside, so no changes in strategy yet.  Y'all feel free to hoard. =)


Nicely said, especially on the upside/downside potential. People who said bitcoin has the upside potential of $1000, and even that's the case, didn't realize that the probability for that to happen is about 1 in a million chance.

Putting up sell orders Smiley
75  Economy / Goods / Re: [WTS] Sapphire 5830 for $100 (shipping included) on: September 05, 2011, 10:13:54 PM
bump
76  Economy / Speculation / Re: Here we go again, bitcoin exchange rates have been doing just fine on: September 05, 2011, 10:08:27 PM
It was common sense for any miner to immediately sell his coins as they were mined on an almost daily basis. Most did.
I know I did thank goodness. Selling at 17 for example feels like a great move. Selling at 12 feels like a great move.

The question is what do you do today? I pretty much just hold onto my coins for several days and try to pick a high
moment to sell. Obviously that means a price above 8.50 for now.

So i also feel smug ;-) Well for the moment. heh.

Wish I had sold all at $10 range. Still holding about 15 BTC and can't wait for the price to rally to sell into...
77  Economy / Speculation / Re: Major buying opportunity? on: September 05, 2011, 08:50:51 PM
To me, this is not early adopters' cost. The price of the coin has to drop to sub penny in order to qualify that.
78  Economy / Speculation / Re: What percentage loss have you taken speculating on bitcoin so far? on: September 05, 2011, 05:24:17 AM
I've been in stock market for a while and one thing I learned is nobody would admit their losses in an online community. OP is basically wasting his time Smiley
79  Other / CPU/GPU Bitcoin mining hardware / Re: what is the best rig design, today, for the most mh/s per dollar? on: September 01, 2011, 12:09:55 AM
The best rig is no rig today. Wait for the price to fall and buy with cash
80  Other / CPU/GPU Bitcoin mining hardware / Re: Mining with the 5750 on: August 31, 2011, 08:35:32 PM
But I paid $130 for that 6750. Smiley

My goal was not to mine with it at all though. I just want a quiet powerful GPU.
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