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Chang Hum
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September 27, 2014, 04:20:23 PM |
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Oh dear i really think someone here that's better connected, needs to call the emergency line to let the bitcoin foundation know it's all heading south.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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ShroomsKit
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September 27, 2014, 04:23:25 PM |
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Cheap coins coming!
Cheap coins dude! Fucking awesome!! Lets destroy this thing all the way to $10 and buy all those cheap coins! |
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ShroomsKit
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September 27, 2014, 04:25:15 PM |
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Come on bears. There is only 3k BTC to $390 on Bitfinex. You can do it!
Down down down! We must completely destroy the market in order to get cheap coins! Please dump some more! Till ALL the buyers are gone! Cheap coin heaven! |
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keithers
Legendary
 Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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September 27, 2014, 04:27:06 PM |
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It feels like there is a conscious effort by some to drive the price down to right around $400, probably so that they can increase their holdings as cheaply as possible. Selling now if you bought way higher, would be a big mistake IMO...
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abercrombie
Legendary
Offline
Activity: 1159
Merit: 1001
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September 27, 2014, 04:30:43 PM |
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Dumps from time to time like the weeks before but the difference is the walls look bullish this time.
What walls? Bid/asks walls (more bids than asks) https://de.bitstamp.net/market/order_book/Even more bullish @Bitfinex  |
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Boxman90
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September 27, 2014, 04:33:59 PM |
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It feels like there is a conscious effort by some to drive the price down to right around $400, probably so that they can increase their holdings as cheaply as possible. Selling now if you bought way higher, would be a big mistake IMO...
Selling to prevent additional losses if you are certain the price will drop lower, has never in the history of mankind been a bad idea. New traders should not buy into this bullshit of "don't sell if you bought higher!". It doesn't matter where you bought, low or high. If you feel it's going lower and you can't afford or don't want to take any more losses than the price you're at now, then you should sell. Plain and simple. Telling people to hold and go for broke is borderline scamming. |
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btcrising
Newbie
Offline
Activity: 122
Merit: 0
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September 27, 2014, 04:35:19 PM |
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I would be happy if the price held at 400$ permanently.
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ShroomsKit
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September 27, 2014, 04:35:41 PM |
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Those few people who were confident enough to finally start buying above 400 and right away got dumped on straight in their face must be feeling so good! I bet they can't wait to buy again!
But hey fuck that! Cheeeeeaaaap coins!!!! Cheaaap coins! All these cheap coins! This is heaven!
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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September 27, 2014, 04:37:07 PM |
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...Bitcoin is the investment with the largest positive EV on the planet.
OK, I'll take the bait. Tell me how. Make a calculation of EV based on assumptions of different price targets and their chances of materializing. Make them conservative to to safe. The EV calculated will be extremely higher than current price. Gotcha. Calculated for $.05, and $200. Sort'a stuck calculating $2,000. How do I convert "snowball's chance in hell" into numbers? i have no idea but i thought if it could reach 1000 in 5 years from 2010, then my the end of the decade it would be a major player in global currency markets and destabilize what some countries do to keep their currencies at certain unnatural level. |
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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September 27, 2014, 04:40:07 PM |
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and just from a purely academic position it would be very interesting to analyze data to see how the economy really functions
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S3052
Legendary
Offline
Activity: 2100
Merit: 1000
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September 27, 2014, 04:41:07 PM |
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Those few people who were confident enough to finally start buying above 400 and right away got dumped on straight in their face must be feeling so good! I bet they can't wait to buy again!
But hey fuck that! Cheeeeeaaaap coins!!!! Cheaaap coins! All these cheap coins! This is heaven!
it's a falling knife. can go way lower |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 27, 2014, 04:43:29 PM |
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thats one ugly hourly candle
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 27, 2014, 04:44:37 PM |
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Those few people who were confident enough to finally start buying above 400 and right away got dumped on straight in their face must be feeling so good! I bet they can't wait to buy again!
But hey fuck that! Cheeeeeaaaap coins!!!! Cheaaap coins! All these cheap coins! This is heaven!
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thetruth123123
Member
Offline
Activity: 280
Merit: 10
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September 27, 2014, 04:46:47 PM |
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Drop some more please, one can never have enough cheap coins  |
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ShroomsKit
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September 27, 2014, 04:48:38 PM |
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Those few people who were confident enough to finally start buying above 400 and right away got dumped on straight in their face must be feeling so good! I bet they can't wait to buy again!
But hey fuck that! Cheeeeeaaaap coins!!!! Cheaaap coins! All these cheap coins! This is heaven!
it's a falling knife. can go way lower Awesome! Cheap coins! |
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ShroomsKit
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September 27, 2014, 04:49:04 PM |
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Drop some more please, one can never have enough cheap coins Exactly! Die Bitcoin die! |
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heri
Newbie
Offline
Activity: 20
Merit: 0
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September 27, 2014, 04:49:39 PM |
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Such a toxic environment here.
Please go gamble in the casino, instead of raping some game-changing technology in it's infancy.
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Boxman90
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September 27, 2014, 04:53:04 PM |
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Such a toxic environment here.
Please go gamble in the casino, instead of raping some game-changing technology in it's infancy.Paid $1200/BTC. How does I investment  Fixed that for you.. |
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JorgeStolfi
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September 27, 2014, 04:55:59 PM |
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Make a calculation of EV based on assumptions of different price targets and their chances of materializing. Make them conservative to to safe. The EV calculated will be extremely higher than current price.
Gotcha. Calculated for $.05, and $200. Sort'a stuck calculating $2,000. How do I convert "snowball's chance in hell" into numbers? Well, "the market's EV" is 400$. Therefore, "the market" thinks, rightly or wrongly, that the chances of BTC being worth 2000 USD at any time in the next 5 years are somewhat less than 35%. An investor who thinks that there is a 35% chance of selling for 2000$ within 5 years should be buying BTC for 400$, since the expected profit would be at least 12% per year. Since there are bitcoins for sale at 400$, and no one is buying them, the market's opinion is that the chances of "2000$ within 5 years" must be less than that. To be sure, that must be the opinion only of all those who have looked at bitcoin and still have investment money on hand. Those who have higher expectations for the price should have already all their money invested in BTC already. Actually, the 12%/year ROI above assumes that the only alternative to "2000$ within 5 years" is "price will immediatel crash to 0$". But the market must not be that pessimistic about the alternatives: the price may do many other things, with significant probabilities, besides crashing to 0$. So, the market's probability for "2000$ within 5 years" must be much less than 35%. |
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esse83
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September 27, 2014, 04:56:28 PM |
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Blocks/hour 4.94 / 729 s
Thats it, bitcoin network is dying together with the price. RIP Sweet Prince.
Just kidding..
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