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Author Topic: Getting my coins the F out  (Read 1856 times)
gizmoh
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April 12, 2013, 10:14:55 AM
 #21

Falling like a stone..78..We all know how Americans are greedy, they will panick sell when waking up, more downward trend to come..

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ManBearPig
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April 12, 2013, 10:25:12 AM
 #22

Trade with your brain not your heart or your prejudices.

Americans are no more greedy than anyone else, we're all money-grabbing monkeys.

Just some of us are more shaven monkeys than others :p

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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April 12, 2013, 10:44:40 AM
 #23

Let's spare a thought for those new users who read the get-rich-quick popular media stories over the past few weeks and decided to get in on the action.  Many would have bought at $200+.  They've seen their investment lose over 50% within days.  Are these people likely to become fans of bitcoin or enemies?  Are they going to appreciate the technical innovation that sits behind bitcoin or just tell their friends it's one huge scam?

Bitcoin isn't useful to business if it gyrates by double digit percentages per day.  How does one price a product in bitcoins that costs US$50 wholesale to buy last week and sell today?  Better put a very healthy margin on it or you could lose money.

Hopefully some speculators got burned and won't be returning any time soon.

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Luno
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April 12, 2013, 10:49:53 AM
 #24

Everything Bitcoin is mentally priced in Dollars. In time, when we stop doing the conversion every time we see a BTC amount, Bitcoin will be rock solid. It's the bad habits of speculation in inflation and debt that spills over here, not Bitcoin having the same faults as fiat.


 
 
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hlynur
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April 12, 2013, 10:54:04 AM
 #25

got burned but got the idea behind it all.
this bouncingchart-circus right now just tells me that the world is on to something,
when there are such huge attacks in such a short amount of time.
decentralisation, slow growth is the way to go.
bitcoin is meant to stay longterm.
I'm imagining what happens when litecoin is getting same attention
the big players get their engines running again and fool the next wave of newbies.
it's really too simple to do it over and over again until the hype is over.

so best proof this idea is a good thorn in the flesh of the ruling class
and this means we're on the right way

keewee
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April 12, 2013, 11:04:03 AM
 #26

Ah, you've fixed your post. It's depth far exceeds my ability to comprehend it so I shall sit in the corner sobbing at the terrible realisation of my stupidity. Thank you.

There's a reason his ignore button glows in the dark Smiley

Does it? I only see an "Unignore" button  Wink

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flaab
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April 12, 2013, 11:56:38 AM
 #27

I believe BTC will rage up again some day. But not tomorrow. I cashed out.

I will buy more coins back in the future.
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