I am pretty confident we are the new wealthy elite, gentlemen.

[rpietila]

Good ol' elite thread, resurrected again.Bullish!

Finally! Now we can go up again!

Right!?  I am thankful for this big drop.  It is looking very similar to how things were last September.   

Remember, remember, no selling in September! (or any other month that rhymes  )

Now is the time to eat canned tuna and hold on the Bitcoins.

[boumalo]

Good ol' elite thread, resurrected again.Bullish!

Finally! Now we can go up again!

Right!?  I am thankful for this big drop.  It is looking very similar to how things were last September.   

Remember, remember, no selling in September! (or any other month that rhymes  )

Now is the time to eat canned tuna and hold on the Bitcoins.

Eat canned tune, hold on the Bitcoins and buy a little bit maybe

[cuddaloreappu]

I'd be happy to go back to $1 and do the whole thing all over again! Can we?

The happiness of me being on par with with early adopter @1$ will overshadow the sadness of the losses i will have today..

So yes we can go to 1$

[ChuckBuck]

Canned tuna eaten, Ramen cup o noodles next, and re-using boxers and socks that don't have holes in them(hmm maybe not).

But I'm definitely HODLING thoughout, maybe I'll skip a meal or 2, maybe skip laundry day.

Why?  Because I want to re-up!  Get me some mo' BTC!!!   

[BIT-Sharon]

Many people buy Bitcoin not just for its current value, for they are fans of Bitcoins and are holding their faith that Bitcoin is the best with the most perfect technology. Once digital currency is accepted by more and more countries officially, as a fact, ebay and some electric businessman is on their near way to admit it. Is the spring of Bitcoins far?  

[hascoin]

Many people buy Bitcoin not just for its current value, for they are fans of Bitcoins and are holding their faith that Bitcoin is the best with the most perfect technology. Once digital currency is accepted by more and more countries officially, as a fact, ebay and some electric businessman is on their near way to admit it. Is the spring of Bitcoins far?  

agree with you,you are so smart! 

[hascoin]

but,it'll be more interesting if it go back to $1 and do the whole thing all over again!   

[fabiola!]

but,it'll be more interesting if it go back to $1 and do the whole thing all over again!   

Not really, if it goes down to $1 we'd all have to turn our miners off, we are pretty close to that already at this price, wouldn't be good.

[chopstick]

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.

[bitllionaire]

I wish that but every day is more difficult
but good things must be difficult 

[slaveforanunnak1]

Im going to buy 2 tomorrow.. hopefully

[yibit]

 It is looking very similar to how things were last September  just hold your bitcoin.

[boumalo]

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.

Makes me think of this post : https://bitcointalk.org/index.php?topic=642807.new#new and it seemed obvious 540$ was a great price to buy, now it is 400$-ish and in a few months it may indeed seemed like a huge buying opportunity that will not come back

[blatchcorn]

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.

Makes me think of this post : https://bitcointalk.org/index.php?topic=642807.new#new and it seemed obvious 540$ was a great price to buy, now it is 400$-ish and in a few months it may indeed seemed like a huge buying opportunity that will not come back

Once miners shut down the security of the network is at stake. This is not going to be pretty

In fact they must be operating at a loss this morning. I guess the Chinese will take over from here?

Yup supply will decrease soon enough.  But I suspect this sell-off is caused by retailers and not traders

[boumalo]

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.

Makes me think of this post : https://bitcointalk.org/index.php?topic=642807.new#new and it seemed obvious 540$ was a great price to buy, now it is 400$-ish and in a few months it may indeed seemed like a huge buying opportunity that will not come back

Once miners shut down the security of the network is at stake. This is not going to be pretty

All miners will not shut down and the price will go up again

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.

Makes me think of this post : https://bitcointalk.org/index.php?topic=642807.new#new and it seemed obvious 540$ was a great price to buy, now it is 400$-ish and in a few months it may indeed seemed like a huge buying opportunity that will not come back

Once miners shut down the security of the network is at stake. This is not going to be pretty

In fact they must be operating at a loss this morning. I guess the Chinese will take over from here?

Yup supply will decrease soon enough.  But I suspect this sell-off is caused by retailers and not traders

Traders play a role, they see the price going down and sell to buy back cheaper; it will bounce agressively

[BitcoinFX]

http://sourceforge.net/p/bitcoin/mailman/message/21312757/

... Satoshi Nakamoto writes:
> Announcing the first release of Bitcoin, a new electronic cash
> system that uses a peer-to-peer network to prevent double-spending.
> It's completely decentralized with no server or central authority.
>
> See bitcoin.org for screenshots.
>
> Download link:
> [Link Removed]

Congratulations to Satoshi on this first alpha release.  I am looking
forward to trying it out.

> Total circulation will be 21,000,000 coins.  It'll be distributed
> to network nodes when they make blocks, with the amount cut in half
> every 4 years.
>
> first 4 years: 10,500,000 coins
> next 4 years: 5,250,000 coins
> next 4 years: 2,625,000 coins
> next 4 years: 1,312,500 coins
> etc...

It's interesting that the system can be configured to only allow a
certain maximum number of coins ever to be generated. I guess the
idea is that the amount of work needed to generate a new coin will
become more difficult as time goes on.

One immediate problem with any new currency is how to value it. Even
ignoring the practical problem that virtually no one will accept it
at first, there is still a difficulty in coming up with a reasonable
argument in favor of a particular non-zero value for the coins.

As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world.  Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.

So the possibility of generating coins today with a few cents of compute
time may be quite a good bet, with a payoff of something like 100 million
to 1! Even if the odds of Bitcoin succeeding to this degree are slim,
are they really 100 million to one against? Something to think about...

Hal ...

We should all pay attention to Hal - Don't stop believing ! Actually don't just think about it, make it a reality.

*Sings* https://www.youtube.com/watch?v=A7TuFy0fcuw

Lots more Bitcoins to go into circulation yet, after that its likely to get really interesting. 

#Futurist

[inibapaknak]

i really want to build a mosque with my father and my mother's name 

[Beliathon]

*Sings* https://www.youtube.com/watch?v=A7TuFy0fcuw

LOL I had never seen that before. Anyway, here's some perspective from a life savings divestor from FIAT:

[BitcoinFX]

*Sings* https://www.youtube.com/watch?v=A7TuFy0fcuw

LOL I had never seen that before. Anyway, here's some perspective from a life savings divestor from FIAT:

This is perhaps the better choice of song for this thread...

*Sings* https://www.youtube.com/watch?v=K2ku1A5Ox8U

Correction / Adjustment      

[bitcool]

This is perhaps the better choice of song for this thread...

*Sings* https://www.youtube.com/watch?v=K2ku1A5Ox8U

Correction / Adjustment      

Have to say that's a beautiful voice, thanks for the find.