It is taking longer to crash to single digits than I originally thought  Why would it crash to single digits? |
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If you want us to stop yawning, drop the price lower.
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I think we are headed lower.
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This looks to be trending down pretty hard.
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This is ridiculous, what the heck is going on? No movement in like 30 minutes.
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Mt Gox website says:
"Reliable
We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform. "
We nearly had both Stamp and Gox down simultaneously - hmmm....
Are they not still down? |
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OMG not fcking tulip analogy again. Are noobs always brainless? Can they think for a second?
Thats why they're pigs right?
Agreed. It's the "but its not *worth* anything, argument", every time. REALLY!!!??? This technology is not worth anything!!? A trustless, decentralized, psuedynonymous account ledger, money receiver, money transmitter, with deflationary design, and low friction is worth nothing!!!??? GTFO +1 |
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REPEAT: Gox is down. 502 Bad Gateway.  Crap, I have an open order. |
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Gox ahead of Stamp again. Back in the comfort zone.
Actually their price is pretty much equal now. Bitcoinwisdom is still showing the bitstamp price of 20 mins ago. I believe bitstamp API is down? at least for me it seems to be... I hope I'm not banned or something. It seems like Gox is down too |
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All people calling bitcoin a tulip craze don't realize that one of the main differences between both phenomenons is that the tulip craze was not supported by a worldwide digital platform called the internet. I mean the internet seems to be causing a qualitative effect on several phenomenons once they reach a quantitative peak thanks to the ease of interaction the internet provides. Look at the Arab spring, what seemed like a regular discontent or protest that wouldn't achieve much managed to topple whole governments. In my opinion this day and age we are witnessing very nice examples on how quantitative changes lead to qualitative ones thanks to the internet. So trying to predict what will happen to bitcoin using a phenomenon which happened centuries ago without having something like the internet to support it is not very accurate IMO.
Don't overcomplicate things. Tulips are useless. Tulips are not useless, they might not be a good currency but they can be a store of value, nobody has control over your Tulips but you They die and are pretty-much useless. |
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All people calling bitcoin a tulip craze don't realize that one of the main differences between both phenomenons is that the tulip craze was not supported by a worldwide digital platform called the internet. I mean the internet seems to be causing a qualitative effect on several phenomenons once they reach a quantitative peak thanks to the ease of interaction the internet provides. Look at the Arab spring, what seemed like a regular discontent or protest that wouldn't achieve much managed to topple whole governments. In my opinion this day and age we are witnessing very nice examples on how quantitative changes lead to qualitative ones thanks to the internet. So trying to predict what will happen to bitcoin using a phenomenon which happened centuries ago without having something like the internet to support it is not very accurate IMO.
What? Bitcoin =/= tulip mania in any way, internet or not. |
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great, report back when you double your coins
I've already done so multiple times. |
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it usually makes sense Bitcoin isn't usual. All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held. It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back. good luck with that What is luck about it? If you sold at $250 and bought back at $100 you would have done just as well. If you did the same at $30 even better. Once this rise is done its going back down to $400-$500. You sell once it starts going parabolic and buy in. Its not that difficult. Only thing is this past bubble burst early, so get back in to make profit and let it burst again. |
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it usually makes sense Bitcoin isn't usual. All it takes is one mistake when it moves against you and you've permanently ended up with half the BTC you could have owned if you'd have just held. It would have made sense two out of the three "bubbles" to do so. This price will crash as well. I am taking profit when it looks like the top and I'll double or tripple my coins on the buy-back. |
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What sucks is that I bought back in above the point at which I sold before the crash - oh, well... at least I got in.
When will people learn from the great investing sage Zhou Tonged? Or I could have held and it crashed to $400 and stayed there for the next 3 months - missing out on doubling my coins. This recent "crash" wasn't a real crash, obviously, but it usually makes sense to take profit and buy in at the lower price point. |
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What sucks is that I bought back in above the point at which I sold before the crash - oh, well... at least I got in.
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Look at all those BTC0.01 sells on Gox.
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Where do you all think the price is going? I never expected for Bitcoin to rebound so quickly after that crash. I figured we would hang out at $300-$400 for a while.
I have no clue! I also thought we'd see $300-400 for at least a month if not more. Why do so many think this? I did not sell at all because I had every confidence this would happen. There is a ton of data out there that points to exactly this scenario. Uhh... because that is what usually happens after a mania and a crash. The price goes parabolic and drops back to some floor level. E.g., $265 -> $100; $30 -> $5. that is how it works. This time seems completely different. Based off of previous trends, we should be between $200 and $400 right now for the next couple months until the next adoption wave kicks in. |
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Oh, so I figured out how to do the arbitrage play, and it looks like someone else did too (between GOX and STAMP, from what I can tell)
How are you moving USD between the exchanges? |
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Where do you all think the price is going? I never expected for Bitcoin to rebound so quickly after that crash. I figured we would hang out at $300-$400 for a while.
 obviously. Obviously, eventually. But I am trying to determine whether to buy back in. I sold at $770 before the crash. |
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