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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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Boelens
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April 11, 2013, 06:20:41 PM |
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It will go back up, it's not a crash.
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mobile4ever
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April 11, 2013, 06:56:50 PM
Last edit: April 11, 2013, 07:10:50 PM by mobile4ever |
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Greed will always exist outside of gold silver or bitcoin. Bitcoin is not the problem, the centralized exchange is.
That belongs on a t-shirt! Mt. Gox ≠ Bitcoin Hmmm... I used to know a t-shirt site where you could load up your own graphics and they would silk-screen it on the shirt and send it out for you... Found one: [deleted] |
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onesalt (OP)
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April 11, 2013, 06:58:24 PM |
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makes me sick to think about the whales who sold thousands of BTC at 250usd ea...
we all know its only a matter of time before BTC surges back up past 266 this time
When will the next 'bubble' (holds back laughter) be? 350? 500? 750?
Well lets see, they made 250 grand in actual dollars while you are assumedly still holding bitcoins of unknown and dubious value. And unlike bitcoins, usd actually keeps it's value and can be spent on things. And these "surges"? Yeah, that's a bubble caused by the greed of idiots in a deflationary currency. It's a self repeating cycle of idiocy and posts like yours here just propagate it. |
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mobile4ever
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April 11, 2013, 07:12:28 PM |
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And unlike bitcoins, usd actually keeps it's value and can be spent on things.
You should stick around here. You are useful. |
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onesalt (OP)
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April 11, 2013, 07:14:41 PM |
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Well I don't know about you but I've been able to buy bread and milk for the last 25 years without my fiat dollars but as of yet haven't been able to do the same with bitcoin and additionally trying to use bitcoin to buy my foodstuffs wouldn't have put me at great financial risk due to price variation.
Also re: sticking around: I've been posting here longer than you have. So maybe you should stick around and get a lesson in world economics compressed into approximately 2 years of real time bitcoin trading.
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Luno
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April 11, 2013, 07:26:13 PM |
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I am a winner   (200 euro was the top) Who sold even more at the top? post your screenshots! funny isn't it? selling at the top of $260 is more rewarding than selling $300 if we'd gone to $500? I also often confuse my own luck with ego and intelligence! |
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onesalt (OP)
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April 11, 2013, 07:28:07 PM |
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Grats, you won in a zero sum game by cashing out at the right point. Somewhere along the line someone loses that much money.
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superdork
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April 11, 2013, 07:35:58 PM |
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Up down up down.
Everyone's right at some point in time.
Fucking awesome post. Some people decide to be dicks about it, others debate things like gentlemen, well said good person of the interweb! |
feel free to leave a tip in my daughter's college fund if you found my posts helpful 1HiCE3vX7yr7Yqy4yHf36x4w1cmSEsrTbM
(or if you just want some good karma!)
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Mrkeety
Newbie
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Activity: 14
Merit: 0
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April 11, 2013, 07:37:53 PM |
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Wasn't the crash in '11 caused by MTGOX being ddos'd also?
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CurbsideProphet
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April 11, 2013, 07:39:46 PM |
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Wasn't the crash in '11 caused by MTGOX being ddos'd also?
No, they were hacked and someone sold off a ton of stolen BTC's crashing the market. They were at the epicenter but it wasn't a DDoS. |
1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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benjamindees
Legendary
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Activity: 1330
Merit: 1000
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April 11, 2013, 07:41:09 PM |
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The fact it's happened at all is what de-legitimises bitcoin as a "currency".
I'm just going to keep repeating this, because it has yet to sink in. A currency is not "future value" or "stable value". A currency is current value. Don't treat Bitcoin as an investment, or as money, or as future value, if you don't know what you're doing. |
Civil Liberty Through Complex Mathematics
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Stunna
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Activity: 3192
Merit: 1278
Primedice.com, Stake.com
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April 11, 2013, 07:43:04 PM |
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Everyone knew it was a bubble, the question was when was it going to burst. I feared it could have risen to $500. I ended up not dipping my feet in for that rally and have been considering finally hopping in.
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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April 11, 2013, 07:44:08 PM |
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A real weakness of BTC is that it can be pumped and dumped easily by a powerful enemy: the FED. They may not be able to destroy or effectively attack the p2p network, but being the true owners of fiat money they can ruin millions of people pumping and dumping BTC.
I think that's the weakest point of BTC (which is connected to one of his strength, limited supply commodity-like), and that a future attack on it will have that form and not some science-fiction quantum computer attack.
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superdork
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April 11, 2013, 07:45:58 PM |
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Since it seems like the thing to do, I am going to BTCump the $hit out of this thread when bitcoin hits $1000 and again at any other major milestones.
Hope you feel cool now, there is no feeling quite as reassuring as patting one's self on the back, is there?
PS. Plenty of folks on here believe in BTC long term. I do not expect this journey (or any other) to occur without any bumps in the road.
and with all new circumstances come opportunity....
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feel free to leave a tip in my daughter's college fund if you found my posts helpful 1HiCE3vX7yr7Yqy4yHf36x4w1cmSEsrTbM
(or if you just want some good karma!)
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Lethn
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Activity: 1540
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April 11, 2013, 07:47:43 PM |
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Bitcoins are fundamentally flawed for this reason. Why should anyone spend now what will be worth more tomorrow? Why should anyone invest in anything or buy anything when tomorrow you could buy twice as much? People have to spend, it isn't a luxury all the time and it isn't something that can be forced, people save so that they can buy something more expensive than they can normally have, why is that so difficult for people like you to understand? You can't force people to go out and spend money which is what neo-keynesian economics seems to be all about. I was thinking of writing a really complicated response but then I realised I'm overthinking this entirely, not only that, you're probably either you're trolling or you're a neo-keynesian who's trolling a board that's filled with mostly Anarchists/Libertarians. I'm in this for the long run regardless, I don't think I'll be selling Bitcoin in the exchanges any time soon, I'll be using it as a currency, it amazes me how people are still utterly convinced that paper money is 'real' money. |
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Timzim103
Member
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Activity: 91
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April 11, 2013, 07:57:21 PM |
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[...] usd actually keeps it's value [...].
"I shot a trillion in the air, it fell, I know not where." - B. Printfellow |
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TTBit
Legendary
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Activity: 1136
Merit: 1001
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April 11, 2013, 08:15:46 PM |
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I am a winner (200 euro was the top) Who sold even more at the top? post your screenshots! Please post the other 1000 screenshots selling at 14, 15, 25, 35, 55, 70, etc when it didn't work in your favor. |
good judgment comes from experience, and experience comes from bad judgment
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tutkarz
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April 11, 2013, 08:16:06 PM |
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A real weakness of BTC is that it can be pumped and dumped easily by a powerful enemy: the FED. They may not be able to destroy or effectively attack the p2p network, but being the true owners of fiat money they can ruin millions of people pumping and dumping BTC.
I think that's the weakest point of BTC (which is connected to one of his strength, limited supply commodity-like), and that a future attack on it will have that form and not some science-fiction quantum computer attack.
It is only as long as there is fiat around. And it may not last long if even US states are trying to bring back gold to pay taxes. If fiat is that good then why are they doing this? It would worked if gold would be more practical. But isnt. Only bitcoin can do this in the long run. |
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onesalt (OP)
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April 11, 2013, 08:19:53 PM |
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I'm in this for the long run regardless, I don't think I'll be selling Bitcoin in the exchanges any time soon, I'll be using it as a currency, it amazes me how people are still utterly convinced that paper money is 'real' money.
Ah okay, I'm gonna go and on amazon and buy some cool stuff with my bitcoins right now. Oh right I can't because no sane website would accept payment in something that jumps around like a pogo stick. What's that USD? backed by the GDP of america?? Why yes amazon, I will give you some of these. Stop pretending to be some master of industry when what you're doing basically amounts to trading rocks with other idiots while going "yeah well now it's worth TWICE as much!! Deal with that!!" |
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