notme
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Activity: 1904
Merit: 1002
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June 07, 2013, 04:33:12 PM |
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It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle. make it go back up, please. I can't |
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mgio
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June 07, 2013, 04:40:04 PM |
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It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle. make it go back up, please. I can't  |
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Le Happy Merchant
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June 07, 2013, 04:40:28 PM |
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Why not?
Seems like a good idea to cash out now before the exchanges get shutdown, Feds get too involved, and price (possibly) crashes.
In reality I bet almost everyone has bitcoin not because they want to use it for purchasing goods, but as a way to make a quick buck - Don't lie.
Honestly, if that is how you feel, nobody will miss you, and its good you are getting out now. |
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mgio
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June 07, 2013, 04:40:49 PM |
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It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle. make it go back up, please. I can't You are not much of a hero member |
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ft73
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June 07, 2013, 04:50:22 PM |
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It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle. make it go back up, please. I can't You are not much of a hero member So go look for some superhero  |
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lch
Newbie
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Activity: 28
Merit: 0
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June 07, 2013, 04:53:17 PM |
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From the graph, its looks like a crash after a bubble. Where each new peak is lower than the past. It could be a bumpy ride if this trend continues.
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mgio
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June 07, 2013, 04:53:32 PM |
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It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle. make it go back up, please. I can't You are not much of a hero member So go look for some superhero Are there superhero members? |
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MonadTran
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June 07, 2013, 06:24:16 PM |
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Are there superhero members?
Max Keiser, where are you? |
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wonkytonky
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June 07, 2013, 06:41:31 PM |
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Why not?
Seems like a good idea to cash out now before the exchanges get shutdown, Feds get too involved, and price (possibly) crashes.
In reality I bet almost everyone has bitcoin not because they want to use it for purchasing goods, but as a way to make a quick buck - Don't lie.
Honestly, if that is how you feel, nobody will miss you, and its good you are getting out now. we need all of the people. if it's not for greed.. then maybe for freedom of money.. it doesnt matter.. More people to bitcoin is good. whatever their motives are |
Whatever. And no you haven’t been in bitcoin since 2010. Plus if you really feel the way you do. Then sell. Have conviction. If not keep pounding sand.
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BitCoinNewGuy (OP)
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Activity: 84
Merit: 10
'That Guy'
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June 07, 2013, 06:50:26 PM |
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Honestly, if that is how you feel, nobody will miss you, and its good you are getting out now. "Nobody will miss you" - ....I didn't think I was ever noticed.... |
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Malawi
Full Member
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Activity: 224
Merit: 100
One bitcoin to rule them all!
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June 07, 2013, 07:58:00 PM |
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It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
It's called a bear market. |
BitCoin is NOT a pyramid - it's a pagoda.
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BitCoinNewGuy (OP)
Member
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Activity: 84
Merit: 10
'That Guy'
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June 07, 2013, 10:02:51 PM |
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It's called a bear market. ....With the hype gone I think the bear market is here to stay. There needs to be a real reason for people to come to BitCoin. The initial hype was generated through the soaring price as a great investment instrument. This is long gone. |
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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June 07, 2013, 10:33:40 PM |
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It's called a bear market. ....With the hype gone I think the bear market is here to stay. There needs to be a real reason for people to come to BitCoin. The initial hype was generated through the soaring price as a great investment instrument. This is long gone. Goodbye BitCoinNewGuy, you entered the bitcoin world as a noob and now you will leave it after 75 posts as the same noob. You understand nothing about bitcoin and are just looking for a quick profit, I get it. Just buy some stocks and be happy together with Bernanke throwing freshly printed toilet paper dollar bills at you. |
Bitcoin = Gold on steroids
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 07, 2013, 10:35:04 PM |
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Ah woops, sorry for the wrong thread area.
Seems like now is a good idea to sell before the Feds get too involved.
I'm liquidating today, all I can sell.
yup, its going down because of all the new Jr. Members ... can't blame them they're probably only holding 50-100% profits  |
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dontek
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June 07, 2013, 10:38:56 PM |
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Why not?
Seems like a good idea to cash out now before the exchanges get shutdown, Feds get too involved, and price (possibly) crashes.
In reality I bet almost everyone has bitcoin not because they want to use it for purchasing goods, but as a way to make a quick buck - Don't lie.
Fuck 'em. It's going to still be going strong. The more they push, the more underground it will go, and that's not a bad thing. I keep some bitcoin, spend some bitcoin. Everyone who bought it just to hold it aren't doing a damn thing to help adaption. If it's not being used as a currency for goods or services, it won't have any value period. SR (yeah, not the best reference, but it's the biggest monetary site to judge on) is pushing over $2million a month in funds. This shit isn't going anywhere. Bitcoin will still be used 20 years from now. Again, if the FEDS try to jump in, let them. Bitcoin and bitcoin related sites will quickly adapt. One thing that I have learned from being active on Bitcoin related sites and their forums, the users as an overall average are some of the smartest and brightest people I have ever met, not a bunch of jack-off kids playing WoW in their moms basement. I have faith in bitcoin. I will keep spending it while people like you cry because the price is dropping and all you were wanting to do was get rick quick. If you're that scared and are ready to cash out, lemme know. I'll buy your shit for 10% under market value right now. |
Send me your Bitcoin and I will make sure to HODL it safe for you!
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 07, 2013, 10:40:14 PM |
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Ah woops, sorry for the wrong thread area.
Seems like now is a good idea to sell before the Feds get too involved.
I'm liquidating today, all I can sell.
yup, its going down because of all the new Jr. Members ... can't blame them they're probably only holding 50-100% profits Why not?
Seems like a good idea to cash out now before the exchanges get shutdown, Feds get too involved, and price (possibly) crashes.
In reality I bet almost everyone has bitcoin not because they want to use it for purchasing goods, but as a way to make a quick buck - Don't lie.
Fuck 'em. It's going to still be going strong. The more they push, the more underground it will go, and that's not a bad thing. I keep some bitcoin, spend some bitcoin. Everyone who bought it just to hold it aren't doing a damn thing to help adaption. If it's not being used as a currency for goods or services, it won't have any value period. SR (yeah, not the best reference, but it's the biggest monetary site to judge on) is pushing over $2million a month in funds. This shit isn't going anywhere. Bitcoin will still be used 20 years from now. Again, if the FEDS try to jump in, let them. Bitcoin and bitcoin related sites will quickly adapt. One thing that I have learned from being active on Bitcoin related sites and their forums, the users as an overall average are some of the smartest and brightest people I have ever met, not a bunch of jack-off kids playing WoW in their moms basement. I have faith in bitcoin. I will keep spending it while people like you cry because the price is dropping and all you were wanting to do was get rick quick. If you're that scared and are ready to cash out, lemme know. I'll buy your shit for 10% under market value right now. some Jr. Members "get it" tho...   BUY BUY BUY  |
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dontek
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June 07, 2013, 10:45:40 PM |
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some Jr. Members "get it" tho... BUY BUY BUY LOL. Initially when I got into this game, I will admit, I was watching the damn price every day, because it was like a game. Like the stock market. However, I was also making myself fucking sick with anxiety. But then one day I was just like "Fuck it. Let it Ride". I used to come to this forum daily but I had to step away. Too many speculators on here and people who were looking at bitcoin as an investment or get rich quick type scheme. That's what caused the huge crash in the first place. Seriously people, stop hoarding your shit. Spend your bitcoin. Go buy more bitcoin. Spend it too! If you're not going to spend it and are going to just keep hoarding hoping that you can be a BitCoin Millionare, then do us all a favor, cash out now and go buy fuckin' savings bonds or something. This isn't an investment. It's a currency. Use it. It's plain to see on this forum and others the 2 types of bitcoin users: Those that get it. And those that don't. Those that don't, GTFO and let the grownups keep doing our thing. |
Send me your Bitcoin and I will make sure to HODL it safe for you!
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 07, 2013, 10:55:46 PM |
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some Jr. Members "get it" tho... BUY BUY BUY LOL. Initially when I got into this game, I will admit, I was watching the damn price every day, because it was like a game. Like the stock market. However, I was also making myself fucking sick with anxiety. But then one day I was just like "Fuck it. Let it Ride". I used to come to this forum daily but I had to step away. Too many speculators on here and people who were looking at bitcoin as an investment or get rich quick type scheme. That's what caused the huge crash in the first place. Seriously people, stop hoarding your shit. Spend your bitcoin. Go buy more bitcoin. Spend it too! If you're not going to spend it and are going to just keep hoarding hoping that you can be a BitCoin Millionare, then do us all a favor, cash out now and go buy fuckin' savings bonds or something. This isn't an investment. It's a currency. Use it. It's plain to see on this forum and others the 2 types of bitcoin users: Those that get it. And those that don't. Those that don't, GTFO and let the grownups keep doing our thing. lol No i will not cash out the all of my BTC! ...I worked hard for them.... i will always have a BTC saving and checking account, i will use BTC when i see fit, and i will not cash out my BTC saving unless you throw tons of cash at me, deal with it!  |
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MAbtc
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June 07, 2013, 10:59:21 PM |
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If you're not going to spend it and are going to just keep hoarding hoping that you can be a BitCoin Millionare, then do us all a favor, cash out now and go buy fuckin' savings bonds or something. This isn't an investment. It's a currency. Use it.
That'd be nice. I don't see it, though. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 07, 2013, 11:03:02 PM |
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If you're not going to spend it and are going to just keep hoarding hoping that you can be a BitCoin Millionare, then do us all a favor, cash out now and go buy fuckin' savings bonds or something. This isn't an investment. It's a currency. Use it.
we all use it we save it we buy S.DICE and HIM shares with it. we trade other AltCoins for it. we use it to make money! ...because its better than money  |
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