Calm the F down

[bootlace]

What a bunch of pu$$ies in here, laughing like children on the way up and cowering in fear at the sign of first weakness. Nothing has changed since yesterday when prices went up by a ridiculous %, Mtgox has shown what an incompetent money hungry company they are once again by the way they're allowing this horrorshow from progressing with 3000+ second of lag. Those who sold managed to sell high and buying at these cheap prices, good job to you folk. Those who sold because they thought Bitcoin was really 'over', hope you never manage to get back in without paying a hefty premium for being such cowards. I personally hope we go back to the low 100s so that the weak hands and speculators are gone, and we can progress forward with people who really believe in the goal of having an alternative to this evil bank world that we are living in.

[deadweasel]

What a bunch of pu$$ies in here, laughing like children on the way up and cowering in fear at the sign of first weakness. Nothing has changed since yesterday when prices went up by a ridiculous %, Mtgox has shown what an incompetent money hungry company they are once again by the way they're allowing this horrorshow from progressing with 3000+ second of lag. Those who sold managed to sell high and buying at these cheap prices, good job to you folk. Those who sold because they thought Bitcoin was really 'over', hope you never manage to get back in without paying a hefty premium for being such cowards. I personally hope we go back to the low 100s so that the weak hands and speculators are gone, and we can progress forward with people who really believe in the goal of having an alternative to this evil bank world that we are living in.

^ wall of drivel.

just because people sell does not mean they disagree with your worldview.  they just have no experience in this market.  it's steep learning curve and often expensive. 

Please calm down.   

[Rafa7]

http://www.reactiongifs.com/wp-content/uploads/2012/09/orson_wells_Slow-Clap.gif

[tutkarz]

i have more coins thanks to this ride but i hope those people who sold theyr only because some half brain monkey with too much money decided to have some fun and made this ride wont get back. Panicking dont help us with promoting bitcoin to the world. Also i hope people who are doing this are not thinking they will stop us that way. Because they wont.

[zif33rs]

From weak hands to strong. Hold your coin.

[piramida]

That was a good shake up. Even though my large speculative sell order at $290 didn't fill, still had some leftover cash for cheap coins.

There is one good lesson in this, and that is - exchange rate will go around like crazy because all the exchanges are weak spots and orderbooks are quite shallow; so you either believe in bitcoin or you should not be in this speculation because you will lose in the end.

So non-believers got shaken out once again, and I consider this a good thing. Like a dog and it's fleas Nice to shake once in a while.

[bootlace]

That was a good shake up. Even though my large speculative sell order at $290 didn't fill, still had some leftover cash for cheap coins.

There is one good lesson in this, and that is - exchange rate will go around like crazy because all the exchanges are weak spots and orderbooks are quite shallow; so you either believe in bitcoin or you should not be in this speculation because you will lose in the end.

So non-believers got shaken out once again, and I consider this a good thing. Like a dog and it's fleas Nice to shake once in a while.

The only problem I have is the idiot media talking heads who all called this some huge bubble/scam/ponzi now have enough fodder to kill any further positive coverage with the simple line "it dropped 50% in value in just a couple of hours" - this is a smear that will take time to shake-off. It didn't need to happen like this, and only happened because of the insane lag at Mtgox and I guess the gamblers/day-traders we have among our ranks who panic too easily. Anyways in the big scheme of things, this will probably be for the good.

[LouReed]

Everyone should be buying, and then do this:http://www.youtube.com/watch?v=NG1qooBzE2w

[Crazy]

Hey bootlace, fuck you buddy.

Don't go around calling people names (as you've been doing since you joined this forum) just because you bought in at the top of a bubble like a dipshit. If you took the time to read what people said instead of starting threads to sell snake oil about MA$$IVE $$/BTC, you might have saved yourself some time and money. Maybe even a little dignity.

[Xendrios]

One has to realize most humans are sheep, ready for slaughter.

[alberthendriks]

+1 for OP

[giarc]

That was a good shake up. Even though my large speculative sell order at $290 didn't fill, still had some leftover cash for cheap coins.

There is one good lesson in this, and that is - exchange rate will go around like crazy because all the exchanges are weak spots and orderbooks are quite shallow; so you either believe in bitcoin or you should not be in this speculation because you will lose in the end.

So non-believers got shaken out once again, and I consider this a good thing. Like a dog and it's fleas Nice to shake once in a while.

"Believers", This is a free market not a cult!

If you buy at a high price when the market isn't able to support the price then you are the sucker.

Bitcoin is an asset, if you buy when it is too high it is greed not belief in bitcoins ideology. The success of bitcoin is based on it becoming a stable currency based on strong fundamentals not buying in in an attempt to get an ever increasing price. Despite humourous "we're all in it together" cries on this board.

[piramida]

The only problem I have is the idiot media talking heads who all called this some huge bubble/scam/ponzi now have enough fodder to kill any further positive coverage with the simple line "it dropped 50% in value in just a couple of hours" - this is a smear that will take time to shake-off.

I personally don't care in the slightest what the media says, if it's negative or positive as long as they say it. The only good thing media can do - buzz the word "bitcoin" to other smart people, who then figure out what it is using google. People who can't cut through the media crap - we don't need them yet. I guess these wild swings are mostly due to the new coin holders attracted by media hype, without actually having strong personal opinion about the project. From my point of view, the less of such people we have, the healthier the ecosystem is. Non-believers can jump on later, 5-to-10 years down the road, once all the infrastructure for them is in place and once the price is stable.

Simple fact: There is no reliable method in existence right now to establish a valid USD/BTC price. Gox and other exchanges are someone's small playgrounds. Actual value of one bitcoin does not change 300% because Gox has a bad lag today It stays exactly the same. But there is no method (yet) for simple reliable p2p trading that would be able to establish real price.

[XXthetimeisnowXX]

yessssssss !!!!! applause all around THANK YOU THANK YOU THANK YOU.  YOU WIN TODAYS POST CONTEST!!!!!!!!!!

[bootlace]

We're back bitches, now watch as people crawl back out of their caves and claim they were confident all along..