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Boxman90
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November 11, 2015, 02:55:27 AM |
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China premium!
The other way around this time though.
We all know what that means.
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Boxman90
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November 11, 2015, 02:55:57 AM |
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Sub 300 panic posts incoming in 3. 2. 1.
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InvestorPerson
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November 11, 2015, 02:56:16 AM |
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dayum, bitcoin can be so entertaining  feeling bad? lost money? hey at least you didn't talk your friends and families to buy at 500$ |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 11, 2015, 02:58:20 AM |
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chesthing
Legendary
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Activity: 1414
Merit: 1000
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November 11, 2015, 02:58:44 AM |
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$2xx is coming.
Ahem, like I said. |
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mrkavasaki
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November 11, 2015, 02:58:53 AM |
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so this is the final capitulation?  |
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DieJohnny
Legendary
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Activity: 1639
Merit: 1004
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November 11, 2015, 02:59:46 AM |
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 is this post from 2009? |
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64dimensions
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November 11, 2015, 03:00:36 AM |
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Some meta speculation:
Right now for a 0.5 watt per GH miner, the electrical cost (0.08 per KWH) per BTC is around $130. So any idea that BTC would go to some low number is ridiculous. Miners will want to recapitalize in this time period in anticipation of the halving. Recapitalization takes money and also requires the latest mining equipment. One explanation for the dip in BTC could be that investors are spending on new equipment and establishing new BTC mines. It's cold now in the northern hemisphere now, so this is the perfect time to expand.
The bump to $500 is consistent with the above because a miner will want to bank BTC while making a decision on what to buy and how many. This next cycle of capitalization with miners that are 2X more efficient and about 3X more expensive combined with BTC halving complicates the ROI decision.
I think BTC is on the cusp of being unstoppable. If some nation were to try to exercise control, I could see other countries or commercial entities setting up competing BTC mining operations. The chip technology behind BTC chips is certainly unremarkable and could be copied by anyone.
One other angle in regards to BTC, BTC price jumps and China which is insufficiently appreciated is that BTC can allow money to be transferred out of China quite easily, which gets around currency controls. If some wealthy person needed to move their fortune out fast, I think BTC is the only way to go. FYI, right now people pay a 20% premium to walk their money across the border into HK.
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DieJohnny
Legendary
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Activity: 1639
Merit: 1004
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November 11, 2015, 03:04:13 AM |
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this insanity sure makes bitcoin look like a shitcoin
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connexus
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November 11, 2015, 03:08:10 AM |
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Why everyone is in panic mode like there's no tomorrow?  |
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Tmdz
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November 11, 2015, 03:08:36 AM |
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The whales have spoken and dumped their coins, but what is their next move. Up or down, it'll go up eventually there is just too much talk about btc to dedepress it like this for long. Either way it makes me feel like a peon in this game, were nothing but hoping our overlords will allow us to have nice prices. Why oh why did they become angry at us!
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rokkyroad
Legendary
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Activity: 1090
Merit: 1000
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November 11, 2015, 03:10:24 AM |
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Well ... that was fun. Time to go home. Party is over. There is always next November for those who missed out.
The party is really over. Yep. See yall next November. All joking aside, it's pretty damn sad to see btc reduced to a pump&dump toy thing so the all-ready-rich can get richer. |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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November 11, 2015, 03:10:59 AM |
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ShetKid
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November 11, 2015, 03:14:24 AM |
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Well ... that was fun. Time to go home. Party is over. There is always next November for those who missed out.
The party is really over. Yep. See yall next November. All joking aside, it's pretty damn sad to see btc reduced to a pump&dump toy thing so the all-ready-rich can get richer. Sounds like you are new to the boat. This behaviour has been happening repeatedly since last year. We have multiple times jumped from 200 to 300 and vice versa so many times already. |
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+EV
Newbie
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Activity: 33
Merit: 0
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November 11, 2015, 03:19:05 AM |
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The bulls are delusional. Don't hate on the bears, we would love to see the price rise too, but we think logically enough to see that is simply not going to happen for the time being.
I said this when the price was around 380-400 and there were bulls calling the bottom then saying 'it is only going from here'. Fucking delusional permabulls. |
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Dilla
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November 11, 2015, 03:20:59 AM |
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$300 holding?
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MatTheCat
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November 11, 2015, 03:22:47 AM |
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Sounds like you are new to the boat. This behaviour has been happening repeatedly since last year. We have multiple times jumped from 200 to 300 and vice versa so many times already.
Bitcoin has never done this, in all the time I have been watching it. |
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rokkyroad
Legendary
Offline
Activity: 1090
Merit: 1000
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November 11, 2015, 03:24:21 AM |
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Well ... that was fun. Time to go home. Party is over. There is always next November for those who missed out.
The party is really over. Yep. See yall next November. All joking aside, it's pretty damn sad to see btc reduced to a pump&dump toy thing so the all-ready-rich can get richer. Sounds like you are new to the boat. This behaviour has been happening repeatedly since last year. We have multiple times jumped from 200 to 300 and vice versa so many times already. Not so new to get caught on the wrong side of this dump! I'm in fiat baby! |
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Tuck Fheman
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November 11, 2015, 03:26:19 AM |
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I'm in fiat baby!
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DieJohnny
Legendary
Offline
Activity: 1639
Merit: 1004
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November 11, 2015, 03:27:01 AM |
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Sounds like you are new to the boat. This behaviour has been happening repeatedly since last year. We have multiple times jumped from 200 to 300 and vice versa so many times already.
Bitcoin has never done this, in all the time I have been watching it. Look at the drop after the Nov 2013 bubble, roughly the same dimensions as this one, so not sure what you are talking about... |
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