confused (OP)
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June 11, 2011, 09:50:04 PM |
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I really believed in the bitcoins concept, but now it looks like a sad bubble that is about to explode in any moment. I almost put money when it was 30, but luckily I couldn't manage going to the back to do the wire. Sometimes when you feel unlucky you find out later that you were lucky.
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confused (OP)
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June 11, 2011, 09:52:01 PM |
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And as I write these lines I see that the price is still dropping...
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imperi
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June 11, 2011, 09:52:16 PM |
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It's going back all the way down to 0. Everyone will stop trading, turn off the thousands of graphics cards, uninstall the client, etc. Exactly the same thing happened with egold.
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flug
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June 11, 2011, 09:53:53 PM |
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The bubble is dead! Long live the bubble!
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Bitcoinfrance
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June 11, 2011, 09:55:59 PM |
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speculation + tradehill + noob + geek = bubble explosion expect a gain in ~7 days. [set #loop1] Every ppl afraid will /quit the project and only concerned ppl will continue in this project  expect another bubble explosion in a couple of month :p [goto #loop1] |
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confused (OP)
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June 11, 2011, 09:56:10 PM |
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It's going back all the way down to 0. Everyone will stop trading, turn off the thousands of graphics cards, uninstall the client, etc. Exactly the same thing happened with egold.
People can make easy money only for a short while, so those who were smart enough to sell at 30 made money. Early adopters can still sell and make money, but the believers will not cash out until they lost it all. |
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besco
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June 11, 2011, 09:56:33 PM |
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I personally hope it. Bitcoins should be used for commerce and not for speculation.
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Enochian
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June 11, 2011, 09:56:52 PM |
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I really believed in the bitcoins concept, but now it looks like a sad bubble that is about to explode in any moment. I almost put money when it was 30, but luckily I couldn't manage going to the back to do the wire. Sometimes when you feel unlucky you find out later that you were lucky.
At present, Bitcoin is useful as a transactional currency, but it is too volatile to be used as a long term store of wealth or as an investment. So one should not "put money into Bitcoin," unless it is for fun, and it is speculative capital you don't mind losing. |
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tonto
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June 11, 2011, 10:00:53 PM |
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It's going back all the way down to 0. Everyone will stop trading, turn off the thousands of graphics cards, uninstall the client, etc. Exactly the same thing happened with egold.
Good, then I can mine bunch all by myself |
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imperi
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June 11, 2011, 10:04:13 PM |
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It's going back all the way down to 0. Everyone will stop trading, turn off the thousands of graphics cards, uninstall the client, etc. Exactly the same thing happened with egold.
Good, then I can mine bunch all by myself You and me both. We can have a 2 person economy.  |
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Oldminer
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June 11, 2011, 10:04:14 PM |
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No the bubble already exploded...what your seeing now is collateral damage..
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confused (OP)
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June 11, 2011, 10:04:34 PM |
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I really believed in the bitcoins concept, but now it looks like a sad bubble that is about to explode in any moment. I almost put money when it was 30, but luckily I couldn't manage going to the back to do the wire. Sometimes when you feel unlucky you find out later that you were lucky.
At present, Bitcoin is useful as a transactional currency, but it is too volatile to be used as a long term store of wealth or as an investment. So one should not "put money into Bitcoin," unless it is for fun, and it is speculative capital you don't mind losing. Bitcoin is not backed up by anything, so when one card falls all the building collapses. |
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imperi
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June 11, 2011, 10:06:26 PM |
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I really believed in the bitcoins concept, but now it looks like a sad bubble that is about to explode in any moment. I almost put money when it was 30, but luckily I couldn't manage going to the back to do the wire. Sometimes when you feel unlucky you find out later that you were lucky.
At present, Bitcoin is useful as a transactional currency, but it is too volatile to be used as a long term store of wealth or as an investment. So one should not "put money into Bitcoin," unless it is for fun, and it is speculative capital you don't mind losing. Bitcoin is not backed up by anything, so when one card falls all the building collapses. What is gold backed by? |
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flug
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June 11, 2011, 10:06:51 PM |
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Bitcoin is not backed up by anything, so when one card falls all the building collapses.
So when gold collapses, what does it fall back to? Its commodity value? |
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imperi
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June 11, 2011, 10:07:36 PM |
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Bitcoin is not backed up by anything, so when one card falls all the building collapses.
So when gold collapses, what does it fall back to? Its commodity value? I think his implication is that gold is backed by other currencies, which happen to be backed by gold. |
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confused (OP)
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June 11, 2011, 10:07:41 PM |
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I really believed in the bitcoins concept, but now it looks like a sad bubble that is about to explode in any moment. I almost put money when it was 30, but luckily I couldn't manage going to the back to do the wire. Sometimes when you feel unlucky you find out later that you were lucky.
At present, Bitcoin is useful as a transactional currency, but it is too volatile to be used as a long term store of wealth or as an investment. So one should not "put money into Bitcoin," unless it is for fun, and it is speculative capital you don't mind losing. Bitcoin is not backed up by anything, so when one card falls all the building collapses. What is gold backed by? By itself. Gold is a commodity that has demand regardless of any currency. |
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imperi
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June 11, 2011, 10:08:17 PM |
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I really believed in the bitcoins concept, but now it looks like a sad bubble that is about to explode in any moment. I almost put money when it was 30, but luckily I couldn't manage going to the back to do the wire. Sometimes when you feel unlucky you find out later that you were lucky.
At present, Bitcoin is useful as a transactional currency, but it is too volatile to be used as a long term store of wealth or as an investment. So one should not "put money into Bitcoin," unless it is for fun, and it is speculative capital you don't mind losing. Bitcoin is not backed up by anything, so when one card falls all the building collapses. What is gold backed by? By itself. Gold is a commodity that has demand regardless of any currency. LOL. ok, you win the debate, I will go back to watching Camelot. |
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btcLeger
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June 11, 2011, 10:08:40 PM |
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come on, we had a massiv exaggeration the last days, look at the charts. If the price comes back down to 5$ its not the end of Bitcoin, its a step into more stability. Hopefully.
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finnthecelt
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June 11, 2011, 10:08:58 PM |
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I personally hope it. Bitcoins should be used for commerce and not for speculation.
That's just plain silly. Any medium of exchange will be speculated upon. Simple economics. Otherwise it wouldn't be a medium of exchange!!! |
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soades
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June 11, 2011, 10:09:39 PM |
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looks like more of a correction
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