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NotLambchop
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January 11, 2015, 09:09:19 PM |
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...
Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money...
Not those who shorted BTC over the past year. Bears love tanking prices. logs or it didn't happen.  Not talking about myself, mostly got out on the way up. If you think it unusual to short in a textbook bubble implosion, OTOH... |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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YourMother
Legendary
 Offline
Activity: 1281
Merit: 1046
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January 11, 2015, 09:09:58 PM |
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I've set my buy orders around $45...
You think the current prices are low enough, huh ? Wait till Satoshi Nakamoto starts dumping...
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DaRude
Legendary
Offline
Activity: 2758
Merit: 1768
In order to dump coins one must have coins
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January 11, 2015, 09:11:52 PM |
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...
Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money...
Not those who shorted BTC over the past year. Bears love tanking prices. logs or it didn't happen. Lol was my quote just truncated and made into troll food? It's still on the same page. I'm offended by such low quality trolling  Full quote with emphasis.
Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money. Of course i'm sure you can find exceptions with shorters and super elite/lucky traders successfully riding waves but pointing out exceptions doesn't help anyones case.
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ShroomsKit
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January 11, 2015, 09:12:33 PM |
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Gox's bottom was @91.5, maybe it will bounce from there
Why would it? At 91.5 it will be very expensive and traders are gonna want cheaper coins. |
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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January 11, 2015, 09:12:44 PM |
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...
Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money...
Not those who shorted BTC over the past year. Bears love tanking prices. logs or it didn't happen. Not talking about myself, mostly got out on the way up. If you think it unusual to short in a textbook bubble implosion, OTOH... I've heard it from a friend which heard it from the brother of a friend? Aha.  |
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ShroomsKit
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January 11, 2015, 09:14:28 PM |
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Can you seriously imagine bitcoin not succeeding?
That's impossible, considering how much it is needed. It's time to get back at the big banks.
Listen to Max Kaiser, he knows what's up
7 billion outside of this forum don't agree with you that it's needed. Keep that in mind when you wonder if Bitcoin could fail. |
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yefi
Legendary
Offline
Activity: 2842
Merit: 1510
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January 11, 2015, 09:16:08 PM |
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Gox's bottom was @91.5, maybe it will bounce from there
People like to dismiss the final Gox data, but I've always thought it fascinating from a psychological perspective (and Bitcoin is mostly psychology). I'm looking at 220 next, with a possibility of 200. If we break that, then we'll be returning to the accumulation levels not seen since before the bubble - and that will be, erm, fun  |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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January 11, 2015, 09:17:00 PM |
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Can you seriously imagine bitcoin not succeeding?
That's impossible, considering how much it is needed. It's time to get back at the big banks.
Listen to Max Kaiser, he knows what's up
7 billion outside of this forum don't agree with you that it's needed. Keep that in mind when you wonder if Bitcoin could fail. You just don't know what 7 billion people are each thinking. I like the animated GIFs better. |
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NotLambchop
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January 11, 2015, 09:17:03 PM |
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...
Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money...
Not those who shorted BTC over the past year. Bears love tanking prices.logs or it didn't happen. Not talking about myself, mostly got out on the way up. If you think it unusual to short in a textbook bubble implosion, OTOH... I've heard it from a friend which heard it from the brother of a friend? Aha. No. Reread what you are responding to [boldface 4 ur convenience]--it is a statement of fact, or, rather, two facts: 1. Those shorting BTC over the past year made money 2. Bears love falling prices. Which of the two do you object to? |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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January 11, 2015, 09:17:59 PM |
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I've set my buy orders around $45...
You think the current prices are low enough, huh ? Wait till Satoshi Nakamoto starts dumping...
Why set an order now (unless you want to grab a possible panic dump @BTC-E)? |
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JimboToronto
Legendary
Offline
Activity: 3990
Merit: 4421
You're never too old to think young.
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January 11, 2015, 09:19:08 PM |
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Am I the only one to find it humorous that permabulls only think price matters on the way up?
Trader mentality. Microsoft doesn't care about BTC price, neither does immigrant sending money back to his/her country, or the people dealing on silkroad 99.0, nor the tippers (well to small degree). Non of them carry the currency risk. At what point the demand for these use cases will meet supply who knows, but it's hard to argue that there won't be any new use cases. Traders and miners are getting slaughtered though. I don't think seasoned traders are getting slaughtered to be honest. When there's blood on the streets, there's money to be made. The biggest risk is, in the event of a panic, getting your gains out and trusting the exchanges not to shut down with your dividends. Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money. Of course i'm sure you can find exceptions with shorters and super elite/lucky traders successfully riding waves but pointing out exceptions doesn't help anyones case. There are 2 kinds of people in this world, showmen and rubes. Exchange operators are showmen. Traders are rubes. As P.T. Barnum would say, there's a trader born every minute. |
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Davyd05
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January 11, 2015, 09:19:55 PM |
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I dunno if this panic dump doesn't break the low of a week ago following stamp, I think that maybe we'll have a bottom.
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NotLambchop
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January 11, 2015, 09:20:31 PM |
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...
There are 2 kinds of people in this world...
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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January 11, 2015, 09:22:42 PM |
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permabulls gonna permasell
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octaft
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January 11, 2015, 09:24:21 PM |
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Am I the only one to find it humorous that permabulls only think price matters on the way up?
First state an opinion and that attack it as a fact. Classic. For some, price does not matter (especially if you're not holding any). If you're not holding any, you're probably not a permabull. |
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Davyd05
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January 11, 2015, 09:25:04 PM |
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Am I the only one to find it humorous that permabulls only think price matters on the way up?
First state an opinion and that attack it as a fact. Classic. For some, price does not matter (especially if you're not holding any). If you're not holding any, you're probably not a permabull. gonna hodl some when we set a bottom and reverse directions. |
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JimboToronto
Legendary
Offline
Activity: 3990
Merit: 4421
You're never too old to think young.
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January 11, 2015, 09:25:41 PM |
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permabulls gonna permasell
And permabears gonna permaFUD. |
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HarHarHar9965
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January 11, 2015, 09:29:36 PM |
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Price hovering at $266? This does not bode well. Maybe we'll pause/bounce but I'm pretty convinced we haven't seen the bottom.  |
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NotLambchop
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January 11, 2015, 09:30:10 PM |
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And permabears gonna permaFUD.
Protip: It's called facts. If you just listened, your "holdings" would be worth twice what they are right now.   |
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Richard Branson
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January 11, 2015, 09:32:54 PM |
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Instead of buy and hold, you could use one of the "ponzi" in gambling sections.
It is really funny that this works. Declaring it as ponzi and even then lots of retards invest and are going to lose their btc.
Natural selection.
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