No weekend dump

[Wilhelm]

Its going to be a Monday dump now. Happened a few times in the last 2 months.

We are not safe yet.

Yea, here it comes now! I just nibbled at 375  

This is not a dump, it's not worth to wait for the price to go down $10

I still think we might see $2XX again this year, and next year we might see the price go up.

Thinking the same.

Too many ASIC companies are poping up and irrational miners mining at a loss.

There will be a natural but new point in the history of Bitcoin.
At some point mining companies will start dropping like bricks if they can't get people to sign in on mining contracts.
They will be stuck with a datacenter full of ASICs that are worthless.
This will be the point where bitcoin price must go up due to scarcity.

[leezay]

Its going to be a Monday dump now. Happened a few times in the last 2 months.

We are not safe yet.

Yea, here it comes now! I just nibbled at 375  

This is not a dump, it's not worth to wait for the price to go down $10

I still think we might see $2XX again this year, and next year we might see the price go up.

Thinking the same.

Too many ASIC companies are poping up and irrational miners mining at a loss.

This is a natural but new point in the history of Bitcoin.
At some point mining companies will stop dropping like bricks if they can't get people to sign in on mining contracts.
They will be stuck with a datacenter full of ASICs that are worthless.
This will be the point where bitcoin price must go up due to scarcity.

And until then, coin price will continue the down trend.

[Wilhelm]

Its going to be a Monday dump now. Happened a few times in the last 2 months.

We are not safe yet.

Yea, here it comes now! I just nibbled at 375  

This is not a dump, it's not worth to wait for the price to go down $10

I still think we might see $2XX again this year, and next year we might see the price go up.

Thinking the same.

Too many ASIC companies are poping up and irrational miners mining at a loss.

This is There will be a natural but new point in the history of Bitcoin.
At some point mining companies will stopstart dropping like bricks if they can't get people to sign in on mining contracts.
They will be stuck with a datacenter full of ASICs that are worthless.
This will be the point where bitcoin price must go up due to scarcity.

And until then, coin price will continue the down trend.

Just edited my post but you got my idea. We need miners to stop competing with each other and unite and drive up the price so we all profit.
Too bad humans are not born with cooperation in mind. Cooperation only works if its a win-win or me-first

[labsbitforum]

Just edited my post but you got my idea. We need miners to stop competing with each other and unite and drive up the price so we all profit.
Too bad humans are not born with cooperation in mind. Cooperation only works if its a win-win or me-first

The intent of bitcoin was to create a peer to peer decentralized network to demonstrate a non-governmental controlled digital currency is possible.

It was not created to be a get rich quick scheme for miners or speculators.  The future you propose would accelerate the demise of bitcoin and migration to a different 2.0 peer to peer digital currency platform.

[Bulletin]

I was expecting weekend dump too, but it did not happen, too many saw opportunity to buy instead of selling

[resya]

Some people just hope that bears have more coins to dump, but there will be a time when we'll run out of bearwhales. There will still be miners who will dump several thousands of coins daily tho

[Addition]

Some people just hope that bears have more coins to dump, but there will be a time when we'll run out of bearwhales. There will still be miners who will dump several thousands of coins daily tho

Been remarkably stable since $275-300 drop, would expect it to shoot above $440 but amazed it's been sub $400 for this long

[MrBig]

Looks like you'll be getting a dump this weekend.