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donut
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December 11, 2013, 04:32:03 PM |
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Check 1d at Moody. Such classic. Yall know what to do.  Actually, no I don't. Bounce or continuation of rally after extreme correction? |
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Walsoraj
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December 11, 2013, 04:32:30 PM |
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Check 1d at Moody. Such classic. Yall know what to do. Actually, no I don't. Bounce or continuation of rally after extreme correction? |
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fr33d0miz3r
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December 11, 2013, 04:35:20 PM |
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Check 1d at Moody. Such classic. Yall know what to do. Actually, no I don't. Bounce or continuation of rally after extreme correction? We just need to push the button   |
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granathus
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December 11, 2013, 04:37:38 PM |
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Check 1d at Moody. Such classic. Yall know what to do. Actually, no I don't. Bounce or continuation of rally after extreme correction?  |
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JorgeStolfi
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December 11, 2013, 04:38:57 PM |
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"I don't understand what value there is in bitcoin"
I do believe bitcoin is technically sound and I do understand the value of bitcoin if it worked in practice as its proponents hope. However I do not believe that it will work, for economic reasons, not technical ones. These objections have been made by many, and I have not seen them answered. |
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mbets
Newbie
 Offline
Activity: 28
Merit: 0
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December 11, 2013, 04:46:44 PM |
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We just need more ways to implement BTC in daily life. You're hungry? Order with BTC. Tickets to the game this weekend? Buy with BTC. Pay your bus fare with BTC.
I think the value of BTC lies in it being used.
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Mirsad
Full Member
Offline
Activity: 140
Merit: 100
Bitcoin - love & hate
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December 11, 2013, 04:49:21 PM |
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If anything... than panic buy  No. Sell and punish the above 1000 buyers and all the holders. Buy back later. The chance is better then 50% to get more coins. Looks really bearish. Double Top wasn't reached again -> dead cat bounce. We will go down, but I don't know how much. Just buy all the way down. |
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the_sunship
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December 11, 2013, 04:49:57 PM |
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"I don't understand what value there is in bitcoin"
I do believe bitcoin is technically sound and I do understand the value of bitcoin if it worked in practice as its proponents hope. However I do not believe that it will work, for economic reasons, not technical ones. These objections have been made by many, and I have not seen them answered. you are aware that businesses and individuals can transfer money around the world with almost no fee with bitcoin? and you must also be aware that banks, western union, and other ways of transferring money to someone electronically all have hefty fees? so, just compare sending bitcoins to someone versus sending a money order or bank transfer. Try imagining you are poor - like a few billion people in the world. Check out the difference in cost for sending a measly $1000 dollars and you might get a small idea of what this ONE use of the bitcoin protocol is worth. |
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granathus
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December 11, 2013, 04:52:11 PM |
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If anything... than panic buy No. Sell and punish the above 1000 buyers and all the holders. Buy back later. The chance is better then 50% to get more coins. Looks really bearish. Double Top wasn't reached again -> dead cat bounce. We will go down, but I don't know how much. Just buy all the way down. So sell and buy? |
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seriouscoin
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December 11, 2013, 04:54:09 PM |
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If anything... than panic buy No. Sell and punish the above 1000 buyers and all the holders. Buy back later. The chance is better then 50% to get more coins. Looks really bearish. Double Top wasn't reached again -> dead cat bounce. We will go down, but I don't know how much. Just buy all the way down. So sell and buy? Yeah do both please Then come on here and cry when you got slaughtered. |
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Odalv
Legendary
Offline
Activity: 1400
Merit: 1000
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December 11, 2013, 04:56:13 PM |
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If anything... than panic buy No. Sell and punish the above 1000 buyers and all the holders. Buy back later. The chance is better then 50% to get more coins. Looks really bearish. Double Top wasn't reached again -> dead cat bounce. We will go down, but I don't know how much. Just buy all the way down. Sell to strong hands, they already own 75% of coins :-) http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12 |
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MicroFi
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December 11, 2013, 04:57:40 PM |
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Looks more like a reverse head and shoulders pattern to me ... |
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thezerg
Legendary
Offline
Activity: 1246
Merit: 1010
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December 11, 2013, 04:58:58 PM |
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"I don't understand what value there is in bitcoin"
I do believe bitcoin is technically sound and I do understand the value of bitcoin if it worked in practice as its proponents hope. However I do not believe that it will work, for economic reasons, not technical ones. These objections have been made by many, and I have not seen them answered. The answer is the last few years of it WORKING. It is visible in the 10x increase in spending reported by bitpay as compared to last year. In the increasing adoption by people in countries all over the world. I don't know what specific objections you are referring to. But I constantly hear lots of economic objections that the objectors think are axiomatic but are in fact simply derivations of how the current fiat debt-based system works. A good example is the idea that money must be backed by something or have marginal utility or intrinsic value. When you really think about it, marginal utility is simply a neat solution to the "bootstrapping" problem. It is irrelevant to the price today. Nobody buys gold at $1200 because it has an intrinsic value of $100. There can be other mechanisms to bootstrap a currency as we have seen with Bitcoin. In particular, it was given a price in 2010 based on expectations of future utility/value. And it is not the first zero-intrinsic-value currency. There are other currencies that exist that have no marginal utility, like Rei Stones. I would imagine that these stones are not valued on expectation of future utility, but based on the effort it took to make one. They say, I am so powerful I can waste my money on this... PS: This is not to say we won't go down a lot. We are very high right now... a bubble pop will not kill bitcoin. In fact, it will let a lot more people enter the market. |
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mbets
Newbie
Offline
Activity: 28
Merit: 0
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December 11, 2013, 05:00:22 PM |
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Yeah reverse.. This means we are about to fling up again?
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 11, 2013, 05:01:13 PM |
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tutkarz
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December 11, 2013, 05:02:51 PM |
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listen to him and say good bye to most of your coins, when you will have to buy back them later for $1200. If you don't believe me, check older threads in this forum it is filled with such unfulfilled promises. |
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pickard
Member
Offline
Activity: 84
Merit: 10
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December 11, 2013, 05:03:31 PM |
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Looks more like a reverse head and shoulders pattern to me ... how is that possible? One of the peaks is the all time high making a reverse pattern impossible. Yes it could go up from here (not likely), but it can't be called a reverse head and shoulders, due to the all time high as the middle peak. do you follow what i'm saying? |
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fr33d0miz3r
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December 11, 2013, 05:07:37 PM |
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Yes it could go up from here (not likely), but it can't be called a reverse head and shoulders, due to the all time high as the middle peak. do you follow what i'm saying?
It doesn't matter, ATH or not ATH for the middle peak. The middle peak of a H&S pattern is almost always a top of a trend. |
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