Loaded
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Activity: 135
Merit: 113
whale eater
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December 18, 2013, 08:55:03 AM |
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STOPPPPP!
There is tons of money waiting to buy at these prices, but WE CANNOT GET IT TO THE EXCHANGES.
All this panic does is lead to a longer recovery.
I am boarding a plane for China tomorrow (later today).
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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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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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December 18, 2013, 08:55:09 AM |
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China didn't move in last 100$ or so of Gox drop.
They have decided to not sell at the "low" exchange rate on BTCN? Might as well crash the "inflated" foreign markets and figure out how to get fiat out later. That would mean there are not many of them moving market there as they couldn't all decide to do it at same time. |
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CryptStorm
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December 18, 2013, 08:55:30 AM |
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China didn't move in last 100$ or so of Gox drop.
+1 this, and crazyRabbit's idea that maybe the Chinese are moving coins to other exchanges to sell... idk Knife scary fall. |
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libity
Newbie
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Activity: 33
Merit: 0
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December 18, 2013, 08:55:34 AM |
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Ok whos buying?
I've been buying all the way down from 800...  Seriously though, sub-500 feels like a good buy to me. We may fall further but I can see this settling around 500-600 after the dust has settled. |
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User705
Legendary
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Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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December 18, 2013, 08:55:54 AM |
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Ok whos buying?
At some point ASIC manufacturers might want to. |
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MAbtc
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December 18, 2013, 08:56:50 AM |
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I think the Chinese are moving BTC into other exchanges to sell.
This has been my feeling (and fear) and adds a whole new element of uncertainty. Now would be a good time to really know how much of the volume on Chinese exchanges was fake..... how many coins there are to potentially dump..... |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 18, 2013, 08:58:03 AM |
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Aha! I always wondered what "panic" looked like in this forum. I am starting to see it. This is a good sign. But we need more blood and guts before we can move on. For right now, the forecasts call for carnage. Hide the women and children.
On the bright side, looks like I will soon be in the 1000 bitcoin club. Been my goal since the price went up.
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Krabby
Sr. Member
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Activity: 644
Merit: 250
https://primedao.eth.link/#/
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December 18, 2013, 08:58:31 AM |
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Guy's is it over?
Was a decentralised currency only a dream?
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OldGeek
Sr. Member
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 18, 2013, 08:59:05 AM |
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Morning everyone. My bot just woke me up with the sound of a buy order. What's up? Oh. I see. Okay, I'll wait until it hits 900 then. lol
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 18, 2013, 08:59:11 AM |
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Ok whos buying?
I've been buying all the way down from 800... Seriously though, sub-500 feels like a good buy to me. We may fall further but I can see this settling around 500-600 after the dust has settled. I have been buying all the way down as well although I hesitated and missed 480 on Gox. |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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December 18, 2013, 08:59:40 AM |
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Ok whos buying?
Everybody. Just some are buying dollars and others are buying BTC. |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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December 18, 2013, 09:00:07 AM |
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OK, China decided it's time to go down again.
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gerubg
Newbie
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Activity: 6
Merit: 0
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December 18, 2013, 09:00:30 AM |
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nanobrain
Legendary
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Activity: 1008
Merit: 1000
Dumb broad
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December 18, 2013, 09:00:36 AM |
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Hide the women and children.
Watch it old man  |
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beetcoin
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December 18, 2013, 09:00:40 AM |
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this is a sobering reminder that bitcoin is not all invincible. people were talking about btc hitting 1400 or 2000 by the end of year.. that does not appear so likely.
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 18, 2013, 09:01:31 AM |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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December 18, 2013, 09:01:41 AM |
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this is a sobering reminder that bitcoin is not all invincible. people were talking about btc hitting 1400 or 2000 by the end of year.. that does not appear so likely.
You think so? Yeah, it is it's first crash ever, it's finished  |
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saekki
Newbie
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Activity: 31
Merit: 0
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December 18, 2013, 09:04:03 AM |
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Did Risto start buying or why are we going up? |
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MicroFi
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December 18, 2013, 09:04:44 AM |
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I'm getting the feeling I sold at the bottom ...
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 18, 2013, 09:05:15 AM |
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Did Risto start buying or why are we going up? For the same reason any market goes up: because it went too low. |
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