the only bubble was when it went from 16 to 30, that was the bubble.
However, due to either vengeance or pure greed someone has a strangehold over mt gox.
This strangehold cascades out into the other exchanges simply because of everyone else arbitrating.
What we are witnessing is simply the end, unless the method and manner of which makes this possible is outlawed, and that won't happen. So, thanks for the fish! xD
omg he said it this is the end people! SELL SELL SELL  |
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All it takes is one big fish with 25,000 to wipe out the market.
They can take all the money, and leave none. Who's going to buy a coin at $2 if the price is $0.50.
Only 25,000 coins needed and there is 7 million coins out there?
My magic eight ball knows the answer to this: "Outlook not so good."
lets say the price goes to 0.01$ because some stupid person sold all 25,000 btc all at once ok now i go on and i set my price I'm wiling to sell at, i put 15$, and i wait. will my order be filled? if everyone feels their btc have value then they do, doesn't matter what the last poor fools sold their bitcoins at |
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I've cashed out and currently waiting for the price to plummet further before I buy back!
I think they'll settle at around the price of the electricity required to generate them, plus their usefulness. At the moment this is what, about $6 each?
Hopefully once the price is stable and small, we can start actually using them instead of hoarding / speculating. Their future price depends entirely on how useful they are so if you're a speculator who wanted them to increase in value, you should have invested in developing some killer apps rather than playing the exchanges.
i think your going to get burned. next thing you know the price is higher then you sold at! |
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i have very little faith for online btc banks ATM...
but bitcoin itself .... oh come on ... it still the same thing it was 2 years ago, HOPE
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Excluding hardware costs, what is the USD cost of electricity required to generate 1 BTC?
That's the price around which BTC will stabilize, I think. If the price is higher than that cost, miners will generate new coins and sell to push the price down. Below that cost and the miners will turn off their mining rigs. Since they are not mining at that point, they won't have new BTC to sell. Of course other sellers could continue to aggressively push the price down but at least the miners won't be the ones doing the selling.
miners want to sell high like everyone else, the last thing they want is to push the price down. if the miner start turning of the rigs the difficultly will go down making it possible for small time miners to get back in the game. the cost of btc will always be as high as poeple are willing to pay, and not as low as the miners are willing to sell. IMO |
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lol, are you going to buy durning this disaster?
i for one think, bitcoin will only get stronger, faster because of this... its had so many disasters, good news coming soon!
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i think its only going to get worst.
when poeple get their bitcoin back from mybitcoin, what do you think there gana do, sell....
Nah... I doubt people will get anything back from mybitcoin (tens of thousands dumped into the market recently does not look promising), but if they do, they'd be stupid to sell off immediately, and they know it. in anycase these low prices are likely to stick with us for a while. everytime the market will go up, poeple will think its a good time to get out... making the price stable at about 10$ for weeks IMO |
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A massive influx of new capital is needed so that we can all cash out at USD $1000 and live like kings. Talk it up with all your most gullible friends, relatives and acquaintances.
now theirs an idea...... lets screw over all our friends and relatives |
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get their bitcoin back from mybitcoin
What? ya mybitcoin has setup a claim process... most likely poeple wont get all their btc back but the little they get back they will possibly sell |
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i think its only going to get worst.
when poeple get their bitcoin back from mybitcoin, what do you think there gana do, sell....
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i thought it was live everday
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i downloaded it now what do i do?
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i'd liek to join the chat room, how do i do this?
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this would be cool, i'd join
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I've been mining for a little over two months now and have had no problems cashing out my earnings and moving money from bits to dollars Not sure what all the fuss is about  well that's just bliss isn't it, simply not knowing whats going on i haven't lost any i bought 25$ @ 0.75$ and again 100$ at 13ish and i will NEVER cash them our for USD.... that would just be crazy |
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Maybe once he saw the posts about a bounty on his head, he got a little antsy. These geeks are some great detectives.
this wasn't clear... the bounty will be on the hacker of my bitcoin .. maybe thats Tom Williams him self, and maybe not .. How much $$$$$ is that bounty? so far we have a poeple have committed a total of 25 btc how ever we these poeple are holding on to the coins themselves, seeing how no one seems to trust anyone these days |
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we getting a bitcoin show today? or maybe on the weekend?
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Right... so let me see, I want to store it for nearly free but I want high-end security measures...
Yeah, profitable businesses are hard to run. (no sarcasm) This is a community of trust, holding tight against an aggressive internet and unfriendly banking service, as Paypal (who can afford those 700USD+whatever; thanks to the high fees they rake of their customers).
I'm sorry, I just don't buy that a business (yes business) offering services online (bitbills is selling those cards online) can't afford US$700. I'll just restate - if you can't afford this simple security measure, you can't defend against an aggressive internet. Why should I trust you with my bitcoin? Because you went on somebody's streaming video program on the internets that has been viewed 700 times on YouTube? Golly, ok, let me send you my 25,000 BTC right now. This whole pollyanna thinking about a community of trust is precisely whey BitCoins keep getting stolen. If you were a scamming, dishonest fraudster you'd be hard pressed to find an easier score than the BitCoin community of trust. so whats happening here ... should we drop the bounty idea? |
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If you want me to trust you with bitcoins, then expend the $700 and get a real SSL cert. If you can't afford that, you likely can't afford any of the other security measures required to keep my login information, let alone my bitcoins, safe. Again people, somebody appearing on a streaming video on the internet != trust or credibility. If this community continues to fail in treating bitcoin like real money then no one else will either.
Right... so let me see, I want to store it for nearly free but I want high-end security measures... Also bitbills aren't an e-wallet, they aren't meant to "keep your bitcoins" anywhere but in the QR code printed in the bill. This is a community of trust, holding tight against an aggressive internet and unfriendly banking service, as Paypal (who can afford those 700USD+whatever; thanks to the high fees they rake of their customers). we are talking about a bitbill bank card, not bitbills |
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I've been up way to long and can't make sense of this post, I will sleep and try again in the morning.  Don’t worry, I’ve given up on making sense of any of his posts for a long time myself. Regarding MyBitcoin, this is at least better than the owner being a fraudster. Either way, a criminal made a killing, and all of us are encouraging that. who are we encouraging that? |
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