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Edward50 (OP)
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June 17, 2011, 05:11:45 PM |
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I'm dying here in anticipation and keep checking the price and it seems someone will not let it break the $15 barrier. I mean it gets so darn close, $15.0011. Who and why is it being so defended at the $15 mark.
I should be doing work now, but I want it to finally break through. Let it fall people, the drop is futile!
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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kr105
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June 17, 2011, 05:15:21 PM
Last edit: June 17, 2011, 05:35:13 PM by kr105 |
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Already broken on Tradehill  Edit: Last Price: 14.89 High:19.47 Low: 14.51 |
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bcpokey
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June 17, 2011, 05:37:52 PM |
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Someone crushed the 1400 coin buywall and now down it goes
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Dobrodav
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June 17, 2011, 05:40:40 PM |
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Indeed it goes. Stay will on 13.7 for some time. Chance good of 10 on evening saturday .
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zdmas
Newbie
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Activity: 28
Merit: 0
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June 17, 2011, 05:41:24 PM |
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Broken  I think it may drop below $14 |
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Edward50 (OP)
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June 17, 2011, 05:42:23 PM |
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You guys realize that we have a mojor crash here, we have lost about 30% drop from the norms of last week. This is a major crash coming, and your taking any risk buying even at the low price of $14.
This is just amazing, I am happy my money is tied up in dwolla, so I am not tempted to speculate at the new low here. I think it will stabalize in the single digits.
I am sure people are losing thosands of dollars buying at these lows thinking it will bounce back up to $20.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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stic.man
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June 17, 2011, 05:45:22 PM |
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and then someone buys a bunch and it shoots past 15
stuff is crazy
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SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
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June 17, 2011, 05:46:21 PM |
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I'll buy back in at around $11/coin. I don't think we'll breech $10.
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tripper22
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June 17, 2011, 05:47:35 PM |
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Support is between $8.50 and $10. It will fall to at least that. The question is, will buyers see value at those prices? Who really knows anyways? I think bitcoins have a bright future but it will take time.
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Dobrodav
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June 17, 2011, 05:48:53 PM |
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Believe am i, that bottom will be 10.5. Preparing buying here.
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bcpokey
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June 17, 2011, 05:53:09 PM |
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I wonder if tux ever has a hand in these runups / downs. Already almost tripled the previous days volume in the past few hours.
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Edward50 (OP)
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June 17, 2011, 05:59:40 PM |
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These prices will change everything, mining will become pretty unprofitable. Will be interesting to see what all these miners do with their rigs etc. at these price levels.
But you have to understand that for the future of bitcoin it is better to stabalize at a price level where the bitcoin can actually be distributed to a large number of people. IT is better if the price rises slowly, and speculators do not bid it up to the point where it is too risky to hold. At a stable price level that increases in value over time, I will definitely hold bitcoins as a hedge against inflation etc. but only at a fair price that has shown to be stable over a number of weeks/months.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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rnaodm
Member
Offline
Activity: 61
Merit: 10
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June 17, 2011, 06:12:29 PM |
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I didnt have much coins, Ive only been mining for a couple weeks, lost two bitcoins due to my incompetence, had 5 I sent to my MTGox account sold em at 19 bucks, bought em back at 17 was going to hold for a while but damn they're still dropping fast. Sold em at 14.2.
I doubt ill continue to mine, seems pointless now. I might buy back in if/when they drop to 8-10 dollars.
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elelegzet
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June 17, 2011, 06:24:22 PM |
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Don't be surprised to see the $12 barrier to be broken in several hours... and so on... it's just a primitive price driven market where smart guys pays the piper... Bitcoin-project needs more professionals (let's say libertarian economists), less hysterical sellers...
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SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
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June 17, 2011, 06:48:11 PM |
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As long as price > $2.66, I am profitable to mine.
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dserrano5
Legendary
Offline
Activity: 1974
Merit: 1029
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June 17, 2011, 07:05:00 PM |
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Support is between $8.50 and $10. It will fall to at least that.
Can you support that? (pun intended). |
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Vandroiy
Legendary
Offline
Activity: 1036
Merit: 1002
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June 17, 2011, 07:11:12 PM |
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I wonder if tux ever has a hand in these runups / downs. Already almost tripled the previous days volume in the past few hours.
High volume is a property of the phase after a bubble bursts. I'm more concerned that MtGox has data that might see these things coming a little earlier. I really hope nobody in there leaks inside data such as money influx and dark pool information! |
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tripper22
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June 17, 2011, 07:13:57 PM |
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Support is between $8.50 and $10. It will fall to at least that.
Can you support that? (pun intended). Yeah, I get it.  It's based on technical analysis. With something so new and thinly traded. Who knows. |
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dserrano5
Legendary
Offline
Activity: 1974
Merit: 1029
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June 17, 2011, 07:33:04 PM |
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It's based on technical analysis.
My technical analysis doesn't have any line at that levels, that's why I asked  . Oh well... |
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Edward50 (OP)
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June 17, 2011, 07:44:18 PM |
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I wonder if tux ever has a hand in these runups / downs. Already almost tripled the previous days volume in the past few hours.
High volume is a property of the phase after a bubble bursts. I'm more concerned that MtGox has data that might see these things coming a little earlier. I really hope nobody in there leaks inside data such as money influx and dark pool information! You can bet they are trying to profit with inside information if they can. Why wouldn't they? They are not subject to any laws or insider trading rules like stock exchanges right? |
Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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