Bitcoin Forum
November 24, 2017, 08:44:28 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 »  All
  Print  
Author Topic: So when's the crash?  (Read 10505 times)
Jrock
Sr. Member
****
Offline Offline

Activity: 369



View Profile
April 03, 2013, 03:34:28 AM
 #1

This rate of price increases isn't healthy anymore.

We have quite a few people sitting on over 50K++ Bitcoins that could retire in the click of a button.

All the positivity and bullishness reminds me of the last crash at $32.


So question is, when does the massive cash out happen? I'm no bear...but I'm not delusional either.

A major correction has to happen...right?


1511556268
Hero Member
*
Offline Offline

Posts: 1511556268

View Profile Personal Message (Offline)

Ignore
1511556268
Reply with quote  #2

1511556268
Report to moderator
1511556268
Hero Member
*
Offline Offline

Posts: 1511556268

View Profile Personal Message (Offline)

Ignore
1511556268
Reply with quote  #2

1511556268
Report to moderator
Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin-Qt is the only known safe implementation of a full node. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511556268
Hero Member
*
Offline Offline

Posts: 1511556268

View Profile Personal Message (Offline)

Ignore
1511556268
Reply with quote  #2

1511556268
Report to moderator
1511556268
Hero Member
*
Offline Offline

Posts: 1511556268

View Profile Personal Message (Offline)

Ignore
1511556268
Reply with quote  #2

1511556268
Report to moderator
Bowjob
Sr. Member
****
Offline Offline

Activity: 294



View Profile
April 03, 2013, 03:37:15 AM
 #2

This is the crash.... upwards.

It seemed like a good idea at the time.
dree12
Legendary
*
Offline Offline

Activity: 1246



View Profile
April 03, 2013, 03:38:22 AM
 #3

Now.

127 to 122 in minutes. Imagine what will happen in a few hours.

Of course, this "flash crash" is nothing unusual when compared to other "flash crashes" of late. The price will most likely recover again.
Jrock
Sr. Member
****
Offline Offline

Activity: 369



View Profile
April 03, 2013, 03:39:16 AM
 #4

Now.

127 to 122 in minutes. Imagine what will happen in a few hours.

Nah. You'll know it when it happens.

Missionary
Full Member
***
Offline Offline

Activity: 224



View Profile WWW
April 03, 2013, 03:39:46 AM
 #5

We have quite a few people sitting on over $50M++  that could retire in the click of a button.

But honestly, I am kind of nervous as well.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
You can find more information about my plans here: http://btcmission.com
BitPirate
Full Member
***
Offline Offline

Activity: 238


RMBTB.com: The secure BTC:CNY exchange. 0% fee!


View Profile
April 03, 2013, 03:39:59 AM
 #6

Yawn.

Heard this shit before.

lassdas
Legendary
*
Offline Offline

Activity: 1862


View Profile
April 03, 2013, 03:41:02 AM
 #7

All the positivity and bullishness reminds me of the last crash at $32.
All the negativity and bearishness reminds me of the last increase at $1.

Sure, it "crashed" when it hit those $30, but where did it "crash" to? $2, still an increase of 100%.

It all depends on your POV.

A major correction has to happen...right?
This might be the correction, maybe people realize that Bitcoin is undervalued.
mindtomatter
Sr. Member
****
Offline Offline

Activity: 434


Editor-in-Chief of Let's Talk Bitcoin!


View Profile WWW
April 03, 2013, 03:41:41 AM
 #8

This rate of price increases isn't healthy anymore.

We have quite a few people sitting on over 50K++ Bitcoins that could retire in the click of a button.

All the positivity and bullishness reminds me of the last crash at $32.


So question is, when does the massive cash out happen? I'm no bear...but I'm not delusional either.

A major correction has to happen...right?



Yeah I just don't know.  I'm crazy skeptical and have been selling a little since we hit 100 but the way Bitcoin is built, EVENTUALLY it will have a major upward revaluation that will take it to 4 digits per coin or more.... And with how crazy things are in "normal" currencies a whole lot of people are waking up to Bitcoin, which is going to make the gains even more nuts.

So I don't know.  Every instinct in my body tells me that markets don't go up and to the left indefinitely without major periodic corrections as people who bought in at higher numbers get scared and take profits, but if the momentum is nothing but up that instinct is going to be overridden.    I hope we have a correction, not a crash - Spending some time between 80-100 before starting going up again would be much healthier than this nothing-but-all-time-gains nonsense.  Makes me nervous.


Let's Talk Bitcoin! Interviews, News & Analysis released Tuesdays and Saturdays
http://www.LetsTalkBitcoin.com - Listener Mail -> adam@letstalkbitcoin.com
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1736

Let's talk governance, lipstick, and pigs.


View Profile
April 03, 2013, 03:42:13 AM
 #9

Yawn.

Heard this shit before.
Sell off + lag = 2 hour bounce.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
mindtomatter
Sr. Member
****
Offline Offline

Activity: 434


Editor-in-Chief of Let's Talk Bitcoin!


View Profile WWW
April 03, 2013, 03:43:47 AM
 #10

All the positivity and bullishness reminds me of the last crash at $32.
All the negativity and bearishness reminds me of the last increase at $1.

Sure, it "crashed" when it hit those $30, but where did it "crash" to? $2, still an increase of 100%.

It all depends on your POV.

A major correction has to happen...right?
This might be the correction, maybe people realize that Bitcoin is undervalued.


If you bought Bitcoins at $15, which a whole bunch of new people to bitcoin did, you sure felt like it crashed. 

It's all well and good for members of the forum who bought in sub $1/btc but we need newbies to have a good experience, not have their investment sliced in half.

Let's Talk Bitcoin! Interviews, News & Analysis released Tuesdays and Saturdays
http://www.LetsTalkBitcoin.com - Listener Mail -> adam@letstalkbitcoin.com
Jrock
Sr. Member
****
Offline Offline

Activity: 369



View Profile
April 03, 2013, 03:44:54 AM
 #11

I'm bullish. I'm just confused on how the price can skyrocket this fast and people think it's going to go keep going forever and ever.

I think a lot of you may be very disappointed down the road. Then again, maybe I'm wrong and I'll hate myself for not going ALL IN at at all time high.

zkay
Full Member
***
Offline Offline

Activity: 126



View Profile
April 03, 2013, 03:45:51 AM
 #12

I'm betting there will be at least some type of correction, maybe like last week where it swung down 20 percent in a few minutes.
BitcoinTate
Full Member
***
Offline Offline

Activity: 224


DigiByte Founder


View Profile
April 03, 2013, 03:48:23 AM
 #13

I'm betting there will be at least some type of correction, maybe like last week where it swung down 20 percent in a few minutes.

Those repeat performances were not corrections.
We can't predict the next month. Gox verification line is at 10,000. We are just now beginning to see the fall out from the Cyprus events and recent BTC attention.

- aka The "DigiMan"
thebaron
Sr. Member
****
Offline Offline

Activity: 434



View Profile
April 03, 2013, 03:49:58 AM
 #14

$200 by Saturday.
lassdas
Legendary
*
Offline Offline

Activity: 1862


View Profile
April 03, 2013, 04:01:19 AM
 #15

All the positivity and bullishness reminds me of the last crash at $32.
All the negativity and bearishness reminds me of the last increase at $1.

Sure, it "crashed" when it hit those $30, but where did it "crash" to? $2, still an increase of 100%.

It all depends on your POV.

A major correction has to happen...right?
This might be the correction, maybe people realize that Bitcoin is undervalued.


If you bought Bitcoins at $15, which a whole bunch of new people to bitcoin did, you sure felt like it crashed. 

It's all well and good for members of the forum who bought in sub $1/btc but we need newbies to have a good experience, not have their investment sliced in half.
A couple of friends bought all the way up to $30 and I always told them to hold and stay calm. Maybe they felt like it crashed, but what do you think they feel now? I always said it'll go to $100+, that's why I haven't sold any around $30 and haven't sold any during that "crash", because I was pretty damn sure that $30 is not the end.
Those who listened thank me now, those that didn't don't deserve better.  Grin

And for the newbies to have a good experience, we're talking about money here, not My Little Pony.
Bitcoin (as an investment) is a high risk investment, don't invest more than you can afford to lose.

For the user experience the price doesn't really matter, when you need to send $100 worth of bitcoins to someone, you just send $100 worth of bitcoins, makes no difference if that's 100BTC, or 0.000001BTC
byronbb
Legendary
*
Offline Offline

Activity: 1414


HODL OR DIE


View Profile
April 03, 2013, 04:12:26 AM
 #16

This rate of price increases isn't healthy anymore.

We have quite a few people sitting on over 50K++ Bitcoins that could retire in the click of a button.

All the positivity and bullishness reminds me of the last crash at $32.


So question is, when does the massive cash out happen? I'm no bear...but I'm not delusional either.

A major correction has to happen...right?



One could think that in normal situations, HOWEVER, this ain't normal son. The price and adoption is going parabolic together. Each time a real company says "we are going to adopt/use bitcoin", the price is "reset", the then current price stands as the new "ground zero" and we go up from there. You cannot price bitcoin like any other traded asset because it is being traded in its infancy, which is an utterly unique situation. Couple all of this with the possibility of a mega player like Amazon or Google endorsing bitcoin and the price goes vertical for a month.

Qoheleth
Legendary
*
Offline Offline

Activity: 927


Spurn wild goose chases. Seek that which endures.


View Profile WWW
April 03, 2013, 04:15:36 AM
 #17

So when's the crash?
If there was anyone who could tell you, they'd be a millionaire wizard.

All we can do is watch, and plan for both the unknown hour when it shall arrive, and the possible - though unlikely - future where this is all solid and the crash never comes.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
zedicus
Hero Member
*****
Offline Offline

Activity: 798


🌟ATLANT ICO: 7/09/17🌟


View Profile
April 03, 2013, 05:21:25 AM
 #18



One could think that in normal situations, HOWEVER, this ain't normal son. The price and adoption is going parabolic together. Each time a real company says "we are going to adopt/use bitcoin", the price is "reset", the then current price stands as the new "ground zero" and we go up from there. You cannot price bitcoin like any other traded asset because it is being traded in its infancy, which is an utterly unique situation. Couple all of this with the possibility of a mega player like Amazon or Google endorsing bitcoin and the price goes vertical for a month.


^^ THIS!! Nothing about bitcoin is normal!!

......ATLANT......
..Real Estate Blockchain Platform..
                     ▄▄▄▄▄▄▄▄▄
                    ████████████░
                  ▄██████████████░
                 ▒███████▄████████░
                ▒█████████░████████░
                ▀███████▀█████████
                  ██████████████
           ███████▐██▀████▐██▄████████░
          ▄████▄█████████▒████▌█████████░
         ███████▄█████████▀██████████████░
        █████████▌█████████▐█████▄████████░
        ▀█████████████████▐███████████████
          █████▀████████ ░███████████████
    ██████▐██████████▄████████████████████████░
  ▄████▄████████▐███████████████░▄▄▄▄░████████░
 ▄██████▄█████████▐█████▄█████████▀████▄█████████░
███████████████████▐█████▄█████████▐██████████████░
▀████████▀█████████▒██████████████▐█████▀█████████
  ████████████████ █████▀█████████████████████████
   ▀██▀██████████ ▐█████████████  ▀██▀██████████
    ▀▀█████████    ▀▀█████████    ▀▀██████████

..INVEST  ●  RENT  ●  TRADE..
  ✓Assurance     ✓Price Discovery     ✓Liquidity     ✓Low Fees





███
███
███
███
███
███





███
███
███
███
███
███
███
███
███
███
███
███

◣Whitepaper ◣ANN ThreadTelegram
◣ Facebook     ◣ Reddit          ◣ Slack


███
███
███
███
███
███
███
███
███
███
███
███





███
███
███
███
███
███



JimiQ84
Sr. Member
****
Offline Offline

Activity: 406


View Profile
April 03, 2013, 05:33:37 AM
 #19

We really don't know how much of the money pouring in is smart money vs dumb money (easily frightened and not-educated about bitcoin). If too much of this increase is due to dumb money, we could have a major downturn that shakes confidence.

This is my concern in a nutshell.

I trust Bitcoin. I don't trust people.

Well, point of "crash" is that bitcoins owned by dumb people (buy high, sell low) become bitcoins owned by smart people (buy low, sell high/hold)
Wekkel
Legendary
*
Offline Offline

Activity: 1680



View Profile
April 03, 2013, 07:14:13 AM
 #20

Relax, a BTC will remain a BTC, also after a hard landing. Remember, the real bubble is out there with someone buying the equivalent of almost 4 Entire BTC markets each day.

         ▄███████████████▄
       ▄██▀             ▀██▄
    ▄▄██▀                 ▀██▄▄
█████▀▀       ▄▀▀▀▀▀▀▀▄▄    ▀▀█████
██          ▄▀ ▄▄▄▀▀▀▀▄▀█▄▄      ██
▐█▌       ▄▀ ▄▀ ▄▄▄▀▀▀▄▀▀▀███   ▐█▌
 ██      ▄▀▄▀▄▀▀▄▄▄▀▀▀▀▀█ ▄█▀   ██
 ▐█▌    █▄▀▄▀▄█▀▀▀ ▀█▀ ▄▀▄▀█   ▐█▌
  ██    █▄▀▄▀▄▄█▀ ▄▀ ▄▀▄▀▄▀█   ██
  ▐█▌ ▀▄█████▀▄▄▀▀▄▄▀▄▀▄▀▄▀█  ▐█▌
   ██▌▀████▀██▄▄▀▀▄▄▀▄▀▄▀▄█▀ ▐██
    ██▌▀█▀▀█▄▀▀▄▀▀▄▄▀▄█▄▄█▀ ▐██
     ██▌ ▀  ▀███▄▄▄█████▀  ▐██
      ██▄      ▀▀▀▀▀      ▄██
       ▀██▄             ▄██▀
         ▀██▄         ▄██▀
           ▀██▄     ▄██▀
             ▀███▄███▀
               ▀███▀
.DeepOnion.
★ ★ ★ ★ ★  .❱❱❱ JOIN AIRDROP NOW!.
TOR INTEGRATED & SECURED
★  Your Anonymity Guaranteed
★  Your Assets Secured by TOR
★  Guard Your Privacy!
|Bitcointalk
Reddit
Telegram
|                        ▄▄▀▄▄▀▄▄▀▄▀▀
                    ▄▄██▀█▀▄▀▀▀
                  ▄██▄█▄██▀
                ▄██████▀
              ▄██████▀
  ▄█▄▄▄▄▄▄▄▄▄██████▀
██████▀▀▀▀▀██████▀
 ▀█████  ▄███████
  ████████████▀██
  ██▀███████▀  ██
  ██ ▀████▀    ██
  ██   ▀▀      ██
  ▀█████████████▀
Pages: [1] 2 3 4 5 6 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!