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Author Topic: So, how many of you were hoping the price would fall off a cliff?  (Read 3616 times)
killer2021
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June 27, 2011, 08:29:55 AM
 #1

when mtgox opened so you could buy up a crap load of bitcoins?

I ain't gonna lie, I was.

Was pretty disappointed when it only dropped to 14$. I was expecting it to drop to around 5$/each.

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June 27, 2011, 08:31:04 AM
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when mtgox opened so you could buy up a crap load of bitcoins?

I ain't gonna lie, I was.

Was pretty disappointed when it only dropped to 14$. I was expecting it to drop to around 5$/each.

I admit I had some bids below $9.

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killer2021
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June 27, 2011, 08:33:00 AM
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when mtgox opened so you could buy up a crap load of bitcoins?

I ain't gonna lie, I was.

Was pretty disappointed when it only dropped to 14$. I was expecting it to drop to around 5$/each.

I admit I had some bids below $9.

yea my buy orders were at intervals of 10,9,8,7,6,5.

I was totally expecting lots of people to dump btc when the exchange opened and all that panic selling would drop the price down to 5$ or less. That didn't happen.

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GeniuSxBoY
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June 27, 2011, 08:42:09 AM
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I knew it wasn't going to happen because of the 10 time goxings.

Had the site opened up 24 or 48 hours after it closed, we would have definitely seen it.



Time heals all wounds.
killer2021
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June 27, 2011, 08:44:48 AM
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I knew it wasn't going to happen because of the 10 time goxings.

Had the site opened up 24 or 48 hours after it closed, we would have definitely seen it.



Time heals all wounds.

I guess you are right.

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ableorange
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June 27, 2011, 08:48:36 AM
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Bitcoin is going to the moon.

*waits for a few BTC to real estate exchanges to open!
PatrickHarnett
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June 27, 2011, 08:49:40 AM
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Other exchanges were not going crazy, so anyone could have simply transferred out rather than trading out.
lacedwithkerosene
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June 27, 2011, 08:50:53 AM
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waiting on a news article with a headline such as 'Digital Currency Astounds Skeptics - Weathers First Major Storm' ...

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June 27, 2011, 09:04:25 AM
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waiting on a news article with a headline such as 'Digital Currency Astounds Skeptics - Weathers First Major Storm' ...

Hahahaha. You broke my irony detector.
Astro
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June 27, 2011, 09:05:39 AM
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The majority of people trading at mtgox aren't on the forums or reddit and don't care about all the FUD spread around these parts.
darvil
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June 27, 2011, 09:27:53 AM
 #11

I thought 10 was the lowest it would go so I had a bid for that.

But I felt 14 was the low point so I bought quite a bit of coins.  Lucky move on my part.
killer2021
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June 27, 2011, 09:30:46 AM
 #12

I thought 10 was the lowest it would go so I had a bid for that.

But I felt 14 was the low point so I bought quite a bit of coins.  Lucky move on my part.

Lucky bastard *shakes fist*

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dserrano5
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June 27, 2011, 11:23:31 AM
 #13

I expected around $11.

BTC Economist
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June 27, 2011, 11:24:51 AM
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I think right now we are seeing speculators abandoning ship - looks to be a miners only market.  Who will pay for who's electricity?  Some profits to be made, but tough going on that front.  Without any real value to bitcoins, average Joe is quitting the game.

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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hugolp
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June 27, 2011, 11:26:50 AM
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I think right now we are seeing speculators abandoning ship - looks to be a miners only market.  Who will pay for who's electricity?  Some profits to be made, but tough going on that front.  Without any real value to bitcoins, average Joe is quitting the game.

BTC Economist, your trolling has been low quality and repetitive lately. We demand higher quality and more entertaining trolling.
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June 27, 2011, 11:30:11 AM
 #16

I think what happened shows a couple of things:

a) Waiting this long was wise (even though they probably didn't do it intentionally ;-) )

b) Bitcoin is more stable than many people believe it is

c) Bitcoin successfully dealt with the first really severe attack

So it's all good news! ;-) Right on!!!

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Keep those Bitcoins flowing :-)

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June 27, 2011, 11:40:17 AM
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a) Waiting this long was wise (even though they probably didn't do it intentionally ;-) )

The words you are looking for are "bloody lucky".  Wink
bitbot
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June 27, 2011, 12:06:14 PM
 #18

I  was expecting a drop to around 10 at least. my backup plan was buying at around 14 on tradehill  and selling back on whichever exchange was higher after the weekend

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killer2021
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June 27, 2011, 12:08:43 PM
 #19

I think what happened shows a couple of things:

a) Waiting this long was wise (even though they probably didn't do it intentionally ;-) )

b) Bitcoin is more stable than many people believe it is

c) Bitcoin successfully dealt with the first really severe attack

So it's all good news! ;-) Right on!!!

Yes, for every shock we've seen to the system after each event the system has only gotten more stable. Its been at 17.20-17.30 for hours now.

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BTCrow
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June 27, 2011, 12:18:15 PM
 #20

when mtgox opened so you could buy up a crap load of bitcoins?

I ain't gonna lie, I was.

Was pretty disappointed when it only dropped to 14$. I was expecting it to drop to around 5$/each.

I must admit that I was hoping something like 7$ to 8$ per BTC. But in fact that's a good news for bitcoins, I think they will stabilise a lot more than what it was before the hack.


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