Cluster2k
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April 11, 2013, 11:32:17 PM |
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I put some orders in at $50 or so a few days ago, I expect them to get filled. History tells us that all bubbles pop. There are various reasons but all bubbles pop, always.
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Adrian-x
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April 11, 2013, 11:39:23 PM |
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I put some orders in at $50 or so a few days ago, I expect them to get filled. History tells us that all bubbles pop. There are various reasons but all bubbles pop, always.
All bubbles pop, I just thought it would pop at $15, I should be so lucky to sell out at $50. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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jubalix (OP)
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April 12, 2013, 12:28:56 AM |
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Eventually, we're going to single digits again.
Ahh... I wish we did. I could buy the entire mining supply of bitcoin with the proceeds of my daily arbitrage operations. Proudhon did not want to hear this lol... There are some big players coming into the market. Most of them are doing cash for btc off exchange purchases. And when they can't unload an investment off of the exchanges when the exchange rate is plummeting because nobody wants to buy volume off exchange in that context, guess where their bitcoins end up going... Oanda et al will move in now problem solved Still holding at 67$ on BTCe. And this is still not a "crash" due to the currency but the failure of the exchange And exchanges are a necessary part of pricing a new currency, and make up a part of its necessary infrastructure, and because of the nature of bitcoin parts of its necessary infrastructure, like exchanges, cannot be regulated like traditional mature markets in such a way to prevent the kind of crippling volatility we've seen with bitcoin. It very well may be the case that what the bitcoin experiment ultimately proves is that as imperfect and problematic typical financial markets are, with all their government regulation, they're better, safer, and more stable than other alternatives thought up, like bitcoin. no, the market will provide new safer more efficent and better exchanges than govt ever will |
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jubalix (OP)
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April 12, 2013, 12:30:28 AM |
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I put some orders in at $50 or so a few days ago, I expect them to get filled. History tells us that all bubbles pop. There are various reasons but all bubbles pop, always.
All bubbles pop, I just thought it would pop at $15, I should be so lucky to sell out at $50. Its not/was not a bubble, nor is this a "pop" whatever than means....Thats why most people are holding BTC and not selling |
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arepo
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this statement is false
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April 12, 2013, 12:49:15 AM |
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PROUDHON was NOT RIGHT
... ... ...  |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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HappyBitCoinUser
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April 12, 2013, 12:51:28 AM |
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I put some orders in at $50 or so a few days ago, I expect them to get filled. History tells us that all bubbles pop. There are various reasons but all bubbles pop, always.
All bubbles pop, I just thought it would pop at $15, I should be so lucky to sell out at $50. Its not/was not a bubble, nor is this a "pop" whatever than means....Thats why most people are holding BTC and not selling Just a snow ball, and its melting, right? |
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proudhon
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April 12, 2013, 01:00:58 AM |
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I put some orders in at $50 or so a few days ago, I expect them to get filled. History tells us that all bubbles pop. There are various reasons but all bubbles pop, always.
All bubbles pop, I just thought it would pop at $15, I should be so lucky to sell out at $50. Its not/was not a bubble, nor is this a "pop" whatever than means....Thats why most people are holding BTC and not selling Yeah, see, no bubble, no selling here...   |
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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EnergyVampire
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April 13, 2013, 04:56:57 AM |
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Eventually, we're going to single digits again.
Ahh... I wish we did. I could buy the entire mining supply of bitcoin with the proceeds of my daily arbitrage operations. There are fundamental reasons why BTC/USD could trade in the single digits in the not so distant future. I'm hoping it hits +$300 first but ... meh. |
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kingcrimson
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April 13, 2013, 05:09:25 AM |
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What do you make of the 20K new users a day, media hype and big names entering bitcoin? Wouldn't a crash mean people are abandoning it, not flocking to it?
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Maged
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April 13, 2013, 05:12:29 AM |
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What do you make of the 20K new users a day, media hype and big names entering bitcoin? Wouldn't a crash mean people are abandoning it, not flocking to it?
That was before the crash, and would be exactly what you would expect from a bubble. |
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ruski
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April 13, 2013, 05:16:38 AM |
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Why.. why do you do it proudhon? Why get up? Why keep fighting?
Do you believe you're fighting for something, for more than your survival? Can you tell me what it is, do you even know? Is it slavery? Or lies? Perhaps war, could it be for death? Not gonna happen, Mr. Proudhon.
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schizoid
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April 13, 2013, 07:23:46 AM |
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Yeah, see, no bubble, no selling here... Arithmetic charts are fo' suckas:  Where's the crash? I can't find it. |
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smoothie
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LEALANA Bitcoin Grim Reaper
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April 13, 2013, 07:27:00 AM |
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What I find funny about proudhon is that not two weeks ago he lost a bitcoin to me because the price went through $100. So naturally now that the price fell from high level to higher than when he had to send me 1 BTC he claims "crash". lol
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
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evolve
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April 13, 2013, 07:43:53 AM |
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Yeah, see, no bubble, no selling here... Arithmetic charts are fo' suckas: Where's the crash? I can't find it. No? look for the large red candles, or the insanely large red volume bar......  What I find funny about proudhon is that not two weeks ago he lost a bitcoin to me because the price went through $100. So naturally now that the price fell from high level to higher than when he had to send me 1 BTC he claims "crash". lol
Yeah, a 75%+ loss in value is a crash. Period. |
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schizoid
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April 13, 2013, 08:03:33 AM |
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No? look for the large red candles, or the insanely large red volume bar...... Looks like a minor correction to me, that doesn't even break the crazy uptrend from January. Yeah, a 75%+ loss in value is a crash. Period.
Losing two weeks of gains is not a crash, sorry. |
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evolve
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April 13, 2013, 08:07:34 AM |
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Hahahahahahaha yeah, 75%+ loss, no big deal...  |
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schizoid
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April 13, 2013, 08:10:37 AM |
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It's a big deal if you bought at the top, but most people didn't.
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evolve
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April 13, 2013, 08:14:11 AM |
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No, its a big deal whether you lost money or not.
BTC will not be taken seriously as a currency with 75% swings in value, much less when those swings occur in a couple of days.
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klee
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April 13, 2013, 08:17:53 AM |
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Proudhon has proved that:
1) No single digits
2) No balls
Ignore this troll
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schizoid
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April 13, 2013, 08:30:00 AM |
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BTC will not be taken seriously as a currency for a long time, nor should it be, as it is still experimental.
I am taking exception with the claim that BTC was in a "bubble" that "popped." So far the price action is consistent with a technical correction in a strong uptrend. That could change, but so far it has not. The bears' endzone dance is premature.
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