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The real question right now is when the panic selling will end and we can return to normal; far too many people are weak handed sellers.
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Picking up so many cheap shares on Havelock right now!
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I think the 100k share / user max was WAY too high, I logged on at 13:08 and it said closed, 0 remaining. 20% to a single person is kinda outrageous.
+1 the limit should be 10k share/user While I tend to agree, this one worked out much better than previous high limits per user. When I logged in, it was obvious nobody had taken 20%. This was fair. I logged in a few seconds after it started though and got all the shares I wanted :p |
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Wo-hooo! For once I got in on an IPO  Lots of shares for me |
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Price just keeps dropping! Times to buy more cheap shares I dont know why people would NOT want to have this asset. |
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nay-nay... not good to publish 19.000 shares with a limit of 10.000 pro person. in the fact, IPO was sold out not only in 5 seconds but in 8-9 orders - one was for 10k - almost the whole initial offer... correct me if im wrong. so who wonders why price is(was) driven high? sure price will settle down, but literally 5-6 people have made 20x profit in seconds and the rest - lost the same brain is a good thing to have, lol exactly, this whole thing kinda went to shit, I would say some more IPO offerings will need to happen...with better limitations, etc. But idiots will still trade at a much higher amount and people will keep buying them to loose their money |
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pretty fucking pissed that I loaded at EXACTLY 1:00 and it was sold out already... fuck this noise  |
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Thank you! already cross posted to Asciminer.info, will post to reddit in 6 min.
Thanks a lot aahzmundus. Its good to get a short, condensed version of what's happening because it's nearly impossible to extract it from this thread. You want to see impossible, head over to fuckcombustion.com and pretend you're in the market for a vaporizer. 800+ page threads of stoners bickering about glass airpaths and the best method for ingesting "medicine"  lol wut Stoner logic> |
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ALL open BID orders at or above 0.044 for ASICM have been CANCELLED, since the price of ASICM has dropped fairly significantly during our downtime. Right on! That's making the best of a bad situation. And its down again... |
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Nice got it at server revival man a lot of refreshing today
Relaxes lol
Now I can enjoy the sale
I cant My 2-factor auth isnt working anymore because google decided I didnt need that account anymore -_- |
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We are currently experiencing a massive DDOS and working with our provider to mitigate.
Follow @canadianbitcoins for updates via twitter. This was posted to twitter within minutes of the problem beginning. Sorry we dont monitor every bitcointalk thread when in the middle of trying to fix the problem.
No ETA as of yet.
Its been a long time... :/ I hope this works out, should be fun to watch share price swings with the current USD/BTC if it wasn't for the ddos i'd be buying more bitcoin and S.SICE and ASICM the ddos is an attempt at manipulating the price!   same here! bought at .02 a share, sold at .042 and have buy orders at .037 |
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As promised, today's update (GMT+8)
(since we are not native speaker of English, there might be inaccurate words. we will try to be better.)
In two consecutive days, I forecast that the price drops around $15
Do you mean a $!5 price drop or a drop to $15/BTC |
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We are currently experiencing a massive DDOS and working with our provider to mitigate.
Follow @canadianbitcoins for updates via twitter. This was posted to twitter within minutes of the problem beginning. Sorry we dont monitor every bitcointalk thread when in the middle of trying to fix the problem.
No ETA as of yet.
Its been a long time... :/ I hope this works out, should be fun to watch share price swings with the current USD/BTC |
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I think I'm gonna start a sale for 50 shares for 6 btc/share.
24 hours, flat price.
What do you guys think?
I'd do 25 at 5.3 btc/share and another 25 at 6, that way if the price just goes up a little bit more and drops again, you can buy the same shares back and have left over profit |
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lol, you need to see a net profit in one week? Gimme a break nobody expects that, when it comes to stable dividends they understand if the average yearly earning is 25% on their purchase price, then they can see the stock price drop 24% and still make a 1% profit.
I don't need to see anything. I'm not personally concerned about the price of shares at all. The rubes buying in at BTC4.5, however... I dont see how people can think its a good idea to keep buying in at this price either... |
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tell them a few examples of money waste.
EG 4 years ago car fuel cost $X per gallon/litre.. now it costs more
4 years ago a loaf of bread cost $X.. now it costs more
4 years ago milk.....
4 years ago car insurance.....
now tell them bitcoins..
4 years ago 1 pizza cost 5000 btc. now under 0.2btc
1 years ago filling up your car would cost 20BTC (20 gallon tank) now it costs 1BTC
add more examples
then tell them about banks giving just a couple % interest on savings per year which does not cover cost-of-living inflation. yet bitcoin potentially gives you back more fiat after a year.
yes it is a risk. but the next thing to say is.
"ok mom and dad, instead of buying me these $100 nike footwear, how about i buy a $20 pair of footware and use the $80 in bitcoin.. seeing as its thn not classed as a loss, due to the money having been spent otherwise. what is there to lose"
then find other examples. EG walmarts own brand foods instead of brand named food and use th savings towards bitcoin
Wouldnt the huge increase in price indicate a bubble? |
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Tell them you wont talk to them about Bitcoins again until they can explain to you what Nixon did to the dollar and why you should keep your money in dollar after it devalued 98% since 1971.
Ha! Yes, I'm going to do that, I should have thought of that... (AP United States History student) |
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They . . . say . . . you can easily loose all your money, etc.
. . . just gets a reply of "exactly" . . . you'll loose your money
They are right on that point. It is experimental, and extremely risky. It could be worth $10,000 per bitcoin (or more) someday, but it could also be worth $0 per bitcoin tomorrow. You should not have anything in bitcoin that would be devastating to lose. The need is the individuals are my parents, and they dont want me to have ANY money in it, and are about to force me to withdraw everything ive put into it, delete accounts etc.
If you are an adult, then tell them that you've made your decision and you're ready to live with the consequences. Let them know that, while you appreciate their advice, you feel strongly about your decision to own some bitcoin, and won't be getting rid of it. If you are a child, then you are probably going to have to do as they say. Yeah im not technically an adult, but I do not feel losing the amount I put in would hurt me, that much. It always sucks to loose money but Id be okay. They were ok with it at first, when I bought in at $30 a coin, but recently ive been spending more and more time researching the whole code and spending time on the forums, so they are beginning to dislike it, especially because Ill need to pay for college in a year. |
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Ask them what backs their government issued FIAT, its one private corporation. With Bitcoin it is collectively backed by the miners and you would rather trust something that has a real democracy behind it that is not at the mercy of the greed of a select few individuals. Offer them a challenge, Keep 100 dollars worth of Bitcoin (at the current rate) and a 100 dollar bill for 10 years then see which has the most purchasing power after the 10 years has passed. If they don't want to take the challenge they clearly don't believe in practicing what they preach.
Havent tried that one yet! Minus saying more individuals back bitcoin than USD and too many people have jobs based on bit coin dev, mining, invested etc, for it to suddenly crash to $0 in a day like it could a few months ago, albeit it still can, more people would resist the price drop and it would surge in price again if that DID happen. |
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I need some good arguments for bitcoin, or at least links to the best articles you know of. My parents, as well as many other people I try to explain the whole system to are very skeptical and refer to it as my "fake" money. I try to tell them and show that you can buy most anything with it and that it has a true use in real-life; yet they qute Warren Buffet for saying he has no money in it, among other investors.
What do you say to someone who wont accept the facts of the system? They just shoot down the "mining" process and say nothing is backing bitcoin so you can easily loose all your money, etc.
Any help would be great, or at least a reference to another thread. Thanks!
What is the need in convincing them?  The need is the individuals are my parents, and they dont want me to have ANY money in it, and are about to force me to withdraw everything ive put into it, delete accounts etc. |
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