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dscotese (OP)
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April 10, 2013, 10:54:32 PM |
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This is not a crash. The price was never over 100 until less than 2 weeks ago.
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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April 10, 2013, 10:55:59 PM |
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it ain't over yet
hang on
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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bassclef
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April 10, 2013, 10:56:13 PM |
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agreed. think long term people!
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bonker
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April 10, 2013, 10:56:53 PM |
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I'm buying here... easy money for The Bonker
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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April 10, 2013, 10:58:07 PM |
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This is not a crash. The price was never over 100 until less than 2 weeks ago.
Yes, two weeks without any kind of meaningful correction. Relief was needed. I would have personally enjoyed it going to the 300-400 range first, but hey, I made a ton of extra coins on this. |
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dave111223
Legendary
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Activity: 1190
Merit: 1001
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April 10, 2013, 10:59:14 PM |
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Man I wish I had some fiat on the exchange. $105 I'll pay that all day.
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jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
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April 10, 2013, 11:01:29 PM |
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Man I wish I had some fiat on the exchange. $105 I'll pay that all day.
except Gox was lagging 2500 seconds and you couldn't get a trade in |
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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just1nmc
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April 10, 2013, 11:04:01 PM |
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Man I wish I had some fiat on the exchange. $105 I'll pay that all day.
except Gox was lagging 2500 seconds and you couldn't get a trade in My bid at $106 took 70 minutes to open, and I just barely got coins out of it |
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marhjan
Full Member
Offline
Activity: 215
Merit: 105
Poorer than I ought to be
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April 10, 2013, 11:11:31 PM |
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Man I wish I had some fiat on the exchange. $105 I'll pay that all day.
No need to buy until double digits at least - this is a classic bull trap |
Donations happily accepted @ 15qxNsc7pBiz5kXpAJykw4etzMbZitm2mk
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dscotese (OP)
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April 10, 2013, 11:20:07 PM |
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Man I wish I had some fiat on the exchange. $105 I'll pay that all day.
No need to buy until double digits at least - this is a classic bull trap I might agree, but I have to think about it some more. There are two other days with just about the exact same volume according to Clark Moody, 1/24 and 3/12. If a significant portion of that volume was from a coherent group of cooperating traders, they made out like bandits. And that would mean it is over. Settle at 145 and then resume its normal appreciation. Exciting! |
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protokol
Legendary
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Activity: 1188
Merit: 1016
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April 10, 2013, 11:28:40 PM |
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With my mind set on holding indefinitely all evening, I finally cracked during the second dip and sold at $170 per BTC - just enough to cover my initial fiat buy-in, and I've still got a few BTC in a wallet. phew. Could have gone better, could have gone a lot worse... I couldn't face the possibility of waking up tomorrow with BTC price scarily low, especially considering the state of my real life bank account which is overdrawn by about 1k GBP after building a mining rig the other day. I'm now gonna treat myself to a valium, sleep for 4 hours and re-assess tomorrow morning before work at 6am, haha, what a night  |
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boscorocks
Newbie
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Activity: 70
Merit: 0
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April 10, 2013, 11:30:04 PM |
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it ain't over yet
hang on
It is shocking to think that the million dollar pizza became the 2.6 million dollar pizza and then back down to the million dollar one again in such a short time. Nope not even over ..holding on for the half a billion dollar pizza. |
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donnyw
Newbie
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Activity: 6
Merit: 0
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April 10, 2013, 11:41:15 PM |
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Mtgox is acting like crazy now, price goes down to near $100 and shoot up to $180 in just minutes!
How do we catch this wild animal in time?
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DutchBrat
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April 10, 2013, 11:43:31 PM |
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Depends on the exchange.... On Bitstamp the low was $70.... And then it shot back up to $195, only to fall back to $110 again
Volatility..... Where?
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Monster Tent
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April 10, 2013, 11:46:54 PM |
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There is no way to tell what the real btc price is with such lag better to wait it out  |
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Francesco
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April 11, 2013, 12:13:07 AM |
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I am quite surprised, I must say. I was betting the panic would drive us much lower. Now of course there will be some recovery -bull trap or not, time will tell. If it starts growing again, we will see 1000$ soon -and maybe stay there, after some bumps.
What's holding me back is the example of history: after the first bubble, there was a long, although bumpy, decline. But maybe the community is stronger now, and it will be different?
However, I am not so sure about the idea "the community", etc. Of course all this money didn't come all of a sudden from experienced bitcoiners, it's new people bringing their money in. Will they stay after having been burnt, or will too many give up?
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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April 11, 2013, 12:24:35 AM |
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I am quite surprised, I must say. I was betting the panic would drive us much lower. Now of course there will be some recovery -bull trap or not, time will tell. If it starts growing again, we will see 1000$ soon -and maybe stay there, after some bumps.
What's holding me back is the example of history: after the first bubble, there was a long, although bumpy, decline. But maybe the community is stronger now, and it will be different?
However, I am not so sure about the idea "the community", etc. Of course all this money didn't come all of a sudden from experienced bitcoiners, it's new people bringing their money in. Will they stay after having been burnt, or will too many give up?
Enough people are going to give up to pull the price down for a long time. Why do I think that? Because I think a lot (probably most) of the people who pushed the price of over the past few months were simply playing a get rich quick game and not joining a movement to create a new financial infrastructure. Those people are not going to stick around on the hope that their "temporary" losses will subsidize the persistence of the protocol. They're going to limp away, dragging as much money as they can back out of the system to minimize their losses. Today isn't some temporary little glitch. Today is the beginning of another long depressing period in the history of bitcoin. There's really no question about whether we're going down from here -- we are. The question is really whether so many people were burned, so spectacularly, and so publicly in the news, that the world can decide with a high enough level of confidence that this is a neat, but ultimately practically impossible financial structure for even a moderate sized economy. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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bitcon
Legendary
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Activity: 2212
Merit: 1008
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April 11, 2013, 01:43:34 AM |
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Man I wish I had some fiat on the exchange. $105 I'll pay that all day.
except Gox was lagging 2500 seconds and you couldn't get a trade in thats why you always put your bid order in before the sh!t hits the fan. i learned this lesson last time gox got DDoSed. only fvck up was i bid too high, but oh well, after the re-correction i'll still come out ahead. |
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XXthetimeisnowXX
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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April 11, 2013, 02:31:59 AM |
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Mtgox is acting like crazy now, price goes down to near $100 and shoot up to $180 in just minutes!
How do we catch this wild animal in time?
get out of gox! i use bitstamp cuz it follows mt gox, sometimes by ten to twenty. so i know when to buy and when to sell and ive only seen it sorrta down (crash) once ....that was today when the noobs wanted to cash out. i sold a few at the midd but kept 90%of my coins. clonipin and wine help the nervs and the mind...took a deep breath a realized that just a few short weeks ago i was jumping with joy at the top of 100 so this thing could and has reched 260 and it will again maybe faster maybe slower but it will.
marketplace money dicused it today on the air. good/bad press is still press and more and more people will wake up to bitcoins and more and more money will flow in. 260 will be cheep coins in a couple of months. just saying. |
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HappyBitCoinUser
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April 11, 2013, 02:36:14 AM |
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Man I wish I had some fiat on the exchange. $105 I'll pay that all day.
except Gox was lagging 2500 seconds and you couldn't get a trade in thats why you always put your bid order in before the sh!t hits the fan. i learned this lesson last time gox got DDoSed. only fvck up was i bid too high, but oh well, after the re-correction i'll still come out ahead. I just made a bid to buy as much BTC as I can for $0.05 so I'm hoping it bottoms out, then any bounce back to $100 would make me Billionaire! |
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