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I'm very glad I bought my rigs rather than take the advice to simply buy coins. At least now I have the option of hanging onto them for as long as I wish.
It's amazing all the crystal balls that are coming out eh? Corrections are always painful and bring out more speculation than the initial speculative fervor!!!
You know, when the price goes up from time to time now, it's just the guys who have already invested and are trying to save their investment by buying more and creating some green spots on the chart. They're gonna lose more that way... So go cry into your pillow. You're becoming trollish. Alright, I'll stop here as I don't want to become a troll. |
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I'm very glad I bought my rigs rather than take the advice to simply buy coins. At least now I have the option of hanging onto them for as long as I wish.
It's amazing all the crystal balls that are coming out eh? Corrections are always painful and bring out more speculation than the initial speculative fervor!!!
You know, when the price goes up from time to time now, it's just the guys who have already invested and are trying to save their investment by buying more and creating some green spots on the chart. They're gonna lose more that way... |
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come on, we had a massiv exaggeration the last days, look at the charts. If the price comes back down to 5$ its not the end of Bitcoin, its a step into more stability. Hopefully.
I think it is the end, because now people are not dazed by the hockey stick charts we had, and they start thinking about how this currency really works. I don't like the banks either, but without a centralized entity that manages the currency, there's no solid infrastructure and the currency can't live for long. |
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I really believed in the bitcoins concept, but now it looks like a sad bubble that is about to explode in any moment. I almost put money when it was 30, but luckily I couldn't manage going to the back to do the wire. Sometimes when you feel unlucky you find out later that you were lucky.
At present, Bitcoin is useful as a transactional currency, but it is too volatile to be used as a long term store of wealth or as an investment. So one should not "put money into Bitcoin," unless it is for fun, and it is speculative capital you don't mind losing. Bitcoin is not backed up by anything, so when one card falls all the building collapses. What is gold backed by? By itself. Gold is a commodity that has demand regardless of any currency. |
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I really believed in the bitcoins concept, but now it looks like a sad bubble that is about to explode in any moment. I almost put money when it was 30, but luckily I couldn't manage going to the back to do the wire. Sometimes when you feel unlucky you find out later that you were lucky.
At present, Bitcoin is useful as a transactional currency, but it is too volatile to be used as a long term store of wealth or as an investment. So one should not "put money into Bitcoin," unless it is for fun, and it is speculative capital you don't mind losing. Bitcoin is not backed up by anything, so when one card falls all the building collapses. |
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It's going back all the way down to 0. Everyone will stop trading, turn off the thousands of graphics cards, uninstall the client, etc. Exactly the same thing happened with egold.
People can make easy money only for a short while, so those who were smart enough to sell at 30 made money. Early adopters can still sell and make money, but the believers will not cash out until they lost it all. |
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And as I write these lines I see that the price is still dropping...
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I really believed in the bitcoins concept, but now it looks like a sad bubble that is about to explode in any moment. I almost put money when it was 30, but luckily I couldn't manage going to the back to do the wire. Sometimes when you feel unlucky you find out later that you were lucky.
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