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Author Topic: THE PRICE OF BITCOINS IS CRASHING SELL SELL SELL  (Read 22519 times)
gigitrix
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June 10, 2011, 09:00:08 PM
 #41


It's you full time job to post this, isn't it.

Aah who am I kidding, it never gets old Cheesy
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billyjoeallen
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June 10, 2011, 09:08:23 PM
 #42

So, tonto, your currency risks with that trade are essentially that BTC goes super low, and you'll wish you'd been able to sell, while they were instead locked up in the call until July 28.

The USD will go to you immediately, and you'll get either your BTC back, or the $50 at some point. If you don't get the $50 by the expiration date, you'll have the BTC unlocked and you can do it again, withdraw, exchange, whatever you like.

Ok, I hope I did that right. 20 BTC is a lot to experiment with. How do I know if someone accepts my ask price? (buys the option)?

insert coin here:
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Open an exchange account at CampBX: options, lowest commissions, and best security
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Raize
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June 10, 2011, 09:21:00 PM
 #43

If I do an option to sell 500 Bitcoin by July 30th at the price of $20/coin which of your staff is going to make sure someone has $10,000 in the system so I can actually get that when I want to sell on July 1st?

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EconomicOracle
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I can predict the future! Bitcoin will success!!!!


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June 10, 2011, 09:57:07 PM
 #44

Bitcoin cannot crash. The government cannot control bitcoin so it will not crash.

GOOOOOOOOOOO BITCOINS!!!!!!!!!!!!!!!
Edit: Oops. Just fixed a typo. It should be GO (like GO TEAM!) and not GOOB
Edit2: Just checked the dictionary and goob is not a word
MatthewLM
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June 10, 2011, 10:12:50 PM
 #45

Markets only crash because of government control?...

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BiggieJohn
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June 10, 2011, 10:14:34 PM
 #46

the panic has ended, resume mining

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hugolp
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June 10, 2011, 10:23:18 PM
 #47

the panic has ended, resume mining

Thank you. I was waiting for permission.
neptop
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June 10, 2011, 11:21:33 PM
 #48

Funny, will we now see a thread like this when someone wants to buy some coins? Cheesy

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onesalt
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June 10, 2011, 11:25:48 PM
 #49

Bitcoin cannot crash. The government cannot control bitcoin so it will not crash.

Hmm wierd because a lot of the bubbles I can think of (dot com, housing, credit crunch, etc) specifically occured because the government wasn't properly regulating them.
kylesaisgone
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June 10, 2011, 11:36:49 PM
 #50

 Cheesy

EconomicOracle
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June 10, 2011, 11:59:12 PM
 #51

Bitcoin cannot crash. The government cannot control bitcoin so it will not crash.

Hmm wierd because a lot of the bubbles I can think of (dot com, housing, credit crunch, etc) specifically occured because the government wasn't properly regulating them.

So are you saying that bitcoins need government backing?
Because I'm against that.

GOOOOOOOOOOO BITCOINS!!!!!!!!!!!!!!!
Edit: Oops. Just fixed a typo. It should be GO (like GO TEAM!) and not GOOB
Edit2: Just checked the dictionary and goob is not a word
bitoption
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June 11, 2011, 12:00:41 AM
 #52

Raize, when we say escrowed, we mean it. They won't be able to take the other side of the contract unless they can fulfill.

That is to say, you wish to buy puts, right? You're going to spend a little USD for the right to sell at $20 between now and the end of july.

In exchange, the buyer(s) will have to have USD in the system.


----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

-----------------------------------------------------------
bitoption
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June 11, 2011, 12:01:21 AM
 #53

Tonto, I'll keep an eye out. We wait for Gox to confirm, but you can always ping me if you get worried: admin@bitoption.com

----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

-----------------------------------------------------------
Bit_Happy
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A Great Time to Start Something!


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June 14, 2011, 04:21:10 AM
 #54

The charts are looking sick now, IMO sell now before the panic starts, IMO.

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Cluster2k
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June 14, 2011, 05:43:42 AM
 #55

The charts are looking sick now, IMO sell now before the panic starts, IMO.

On Saturday I posted a prediction that we'd see a Dead Cat Bounce up to $20 before falling below $10.  Well, its gone a bit over $20 since the crash and showing a downward trend again.  The MtGox market is pretty thin when the USA is asleep.  Whoever pumped and dumped the market last week is well aware of this.

The often repeated reason for Bitcoin's continued appreciation is the increasing difficulty in creating new Bitcoins.  This argument doesn't make much sense when you look at who is trading.  Most traders are not miners, therefore they don't care how much it costs to mine or how expensive a 6990 is.  There are already enough BTCs floating around to keep traders happy.

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unclescrooge
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June 14, 2011, 08:26:05 AM
 #56

Shouldn't these troll threads be deleted by now?

The_Duke
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June 14, 2011, 09:36:18 AM
 #57

Shouldn't these troll threads be deleted by now?

So you're saying the price did NOT actually crash? If it did, then what's so troll about this thread?

NOT a member of the so called ''Bitcoin Foundation''. Choose Independence!

Donate to the BitKitty Foundation instead! -> 1Fd4yLneGmxRHnPi6WCMC2hAMzaWvDePF9 <-
AntiVigilante
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June 14, 2011, 10:18:23 AM
 #58

Bitcoin cannot crash. The government cannot control bitcoin so it will not crash.

Hmm wierd because a lot of the bubbles I can think of (dot com, housing, credit crunch, etc) specifically occured because the government wasn't properly regulating them.

Um no. They were regulated. Just not for our benefit. Form is not function.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
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awozny
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June 14, 2011, 10:43:28 AM
 #59

Bitcoin is not immune to crashing.. I wish it was. No government regulation does not guarantee success. Regulation is not always a bad thing if done right..it's the human greed factor that screws things up.

Peace
Vince Torres
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June 14, 2011, 08:57:02 PM
 #60

Fear inciting hate mongers like you are the reason the housing market crashed. If you wan't to incite a panic go somewhere else.

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