dakota neat
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January 03, 2015, 08:28:12 PM |
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...No bulls left, no restistance, no hope. See you at double digits.
But while there's moonlight and music and love and romance ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I should have listend to NLC! He told me that it's going down forever. Is crypto done? Yes! FIAT ftw.
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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January 03, 2015, 08:28:56 PM |
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A BIG bankruptcy in the mining world would be hugely bullish for BTC ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fbitcoinwisdom.com%2Fassets%2Fdifficulty%2Fbitcoin-hash_rate.png%3F1420315203&t=663&c=Qdylx9PBEeoI5g) NSA is mining with quantic rigs
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Gyrsur
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Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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January 03, 2015, 08:29:12 PM |
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Patel
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Merit: 1007
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January 03, 2015, 08:29:27 PM |
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I should've listened to Dafar on January 2014. Fuck.
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Coinshot
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January 03, 2015, 08:29:50 PM |
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Inconclusive. This volume is really tepid.
Yeah, it's hard to tell. $300 was my psychological wall, but then again- it's just drip drip drip. Can't even really sell/buy into it at a one price with any volume . 300 was getting tested lots of times. It was only a question of when it was breached. It has happened now so hoping for a fast drop to 250-260. 250 would be the absolute floor and we should move up after touching it.
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NotLambchop
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January 03, 2015, 08:32:50 PM |
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...No bulls left, no restistance, no hope. See you at double digits.
But while there's moonlight and music and love and romance ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I should have listend to NLC! He told me that it's going down forever. Is crypto done? Yes! FIAT ftw. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fstatic.fjcdn.com%2Fcomments%2F4564307%2B_f8b23106002096bceb2cbe461a87b2ed.jpg&t=663&c=3KvOfQ0n15DHBA)
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maranello1561
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January 03, 2015, 08:39:33 PM |
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Stamp rearing up to go. Gox too by the looks of it. Last chance to buy 10,000 BTC without slippage below $300. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbVY4Txi.jpg&t=663&c=mEuH74fBAHdGyQ) LOL - yeah right ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ... its hilarious to go through some of these old posts again.
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JorgeStolfi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 03, 2015, 08:39:49 PM |
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A BIG bankruptcy in the mining world would be hugely bullish for BTC ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fbitcoinwisdom.com%2Fassets%2Fdifficulty%2Fbitcoin-hash_rate.png%3F1420315203&t=663&c=Qdylx9PBEeoI5g) I suppose that pools cannot go bankrupt; if the pool company fails, its miners will move to another pool. Pool miners will turn off their machines individually, so their "bankruptcy" will be gradual. The largest non-pool miners may have 10-15% of the total. If a couple of them suddenly go off-line, the block rate will fall in the same proportion, and ditto for the supply of new coins. The price may recover for a while. But in a week or two the difficulty will be readjusted, and there will be again 3600 new BTC entering the market every day.
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Fatman3001
Legendary
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Make Bitcoin glow with ENIAC
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January 03, 2015, 08:41:07 PM |
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It just keeps falling. And I don't see any reason why it would stop. Why would anyone buy this other than covering shorts? It can't even compete with Western Union with these drops.
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crazy_rabbit
Legendary
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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January 03, 2015, 08:41:23 PM |
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Stamp rearing up to go. Gox too by the looks of it. Last chance to buy 10,000 BTC without slippage below $300. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbVY4Txi.jpg&t=663&c=mEuH74fBAHdGyQ) LOL - yeah right ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ... its hilarious to go through some of these old posts again. Funny- that chart looks exactly like the current chart. :-)
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shmadz
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Merit: 1000
@theshmadz
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January 03, 2015, 08:43:41 PM |
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I cant be the only person calmly buying here. We were here four months ago. Time to do the money shuffle again.
You still have fiat left? Nice, I got cleaned out at 320 CAD and next deposit won't clear till sometime next week -- btw, any one complaining about a one hour confirmation being too long obviously never tried moving fiat from one bank to another during holidays/weekends ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Careful man, seriously.
In total honesty if even the last possible 2012 support trend line breaks it's gonna be a bloodbath.
I would suggest you put stop losses in place just to be safe, but you probably think I'm trolling you, so, do what you think is best.
Stop losses? LOL! I deposit fiat to the exchange. I withdraw bitcoins to cold storage. Then I wait. If bitcoin is still a thing in a couple years, I plan to maybe sell a few and buy a new car. If not, I guess it's a good thing I got a Toyota, those things will run forever ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 03, 2015, 08:48:53 PM |
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A BIG bankruptcy in the mining world would be hugely bullish for BTC ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fbitcoinwisdom.com%2Fassets%2Fdifficulty%2Fbitcoin-hash_rate.png%3F1420315203&t=663&c=Qdylx9PBEeoI5g) I suppose that pools cannot go bankrupt; if the pool company fails, its miners will move to another pool. Pool miners will turn off their machines individually, so their "bankruptcy" will be gradual. The largest non-pool miners may have 10-15% of the total. If a couple of them suddenly go off-line, the block rate will fall in the same proportion, and ditto for the supply of new coins. The price may recover for a while. But in a week or two the difficulty will be readjusted, and there will be again 3600 new BTC entering the market every day. I have no idea why galdur seems to think that the difficulty would drive the price, when it is obvious that it is the other way around.
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heartastack
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January 03, 2015, 08:50:37 PM |
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Look at a 30 year gold chart if you want to see what patience looks like
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luckygenough56
Legendary
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January 03, 2015, 08:52:38 PM |
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i don't have 30 years to live
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celebreze32
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January 03, 2015, 08:52:58 PM |
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Stop losses? LOL! I deposit fiat to the exchange. I withdraw bitcoins to cold storage. Then I wait. If bitcoin is still a thing in a couple years, I plan to maybe sell a few and buy a new car. If not, I guess it's a good thing I got a Toyota, those things will run forever ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I tried using stop losses. Once I put one on really low and the price briefly spiked down to half a cent below my stop loss, then shot straight back up to the moon again. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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Kipsy89
Sr. Member
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Relax!
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January 03, 2015, 08:54:34 PM |
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i don't have 30 years to live
Good thing is that as soon as you have developed the nerves to live through all those dips and FUD, a long term profit in BTC-land still is a medium- or even short-term profit in terms of traditional financial products! That being said, you don't have to wait that long ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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LOBSTER
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January 03, 2015, 08:56:03 PM |
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I hope China is waking up soon ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Bullrun!!
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canary
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January 03, 2015, 08:59:12 PM |
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I hope that too, after $300 it's going so fast downwards ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Somebody need to hold that tight guys ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 03, 2015, 09:00:13 PM |
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