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Author Topic: CRASH!  (Read 23184 times)
tvbcof
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August 02, 2011, 04:10:46 PM
 #181

I feel like the only tree left standing in the forest is Mt Gox.

Or the next domino?

Now that would have an impact on the BTC price.  Especially if the coin were lost, and even more especially if they were lost to garden variety miscreant.

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wndrbr3d
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August 02, 2011, 04:15:53 PM
 #182

This is going to be a loooong painful slide. The order book and market depth speak to this. There's not any support until we hit about $10, and we could probably slide past that.

I'm just glad I didn't go all in with hardware Tongue I waited for my current mining rig to pay for itself (done) and was going to wait until it made enough money to fund another one 100%, but at this rate, I think I'll just collect as much money as I can as fast as it mines while the prices are still good  Tongue
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August 02, 2011, 05:06:14 PM
 #183

The $12.50 was just torn the fuck down.
phorensic
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August 02, 2011, 05:42:57 PM
 #184

Yep, dropping fast.
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August 02, 2011, 05:59:58 PM
 #185

BTC4Host
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August 02, 2011, 06:03:57 PM
 #186

Time to buy guys! Buy low sell high!
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August 02, 2011, 06:10:28 PM
 #187



Did someone photoshop the penis OUT of this picture?  Tongue
phorensic
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August 02, 2011, 07:17:10 PM
 #188

Broke below 12
Zem
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August 02, 2011, 07:19:38 PM
 #189

This is fun to watch. I usually always sleep through all the action.
Oldminer
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August 02, 2011, 07:23:36 PM
 #190

The bears have it

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
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August 02, 2011, 07:25:14 PM
 #191

The bears have it
Who are the bears in this market?

Is the correct assumption the miners?

I truly don't understand what drives this market other than good news / bad news.

Tweet For Coins http://uptweet.com
Elwar
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August 02, 2011, 07:29:00 PM
 #192

I would agree that the MyBitcoin guy is selling it all...quickly.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
Oldminer
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August 02, 2011, 07:30:18 PM
 #193


I truly don't understand what drives this market other than good news / bad news.

Emotion drives price more than anything

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
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August 02, 2011, 07:31:45 PM
 #194


"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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August 02, 2011, 08:46:25 PM
 #195

$/BTC is looking like DJI.

Which is what confuses me. I would think BTC would seem like an asset to hold like gold in times when the dollar/euro and global stock exchanges are shaky. There are so few big players in the BTC game I guess it behaves a little differently.
tvbcof
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August 02, 2011, 08:46:52 PM
 #196

$/BTC is looking like DJI.

"Looks like I picked the wrong day to quit sniffing glue."

(Actually, so far only one of my low bids have been taken out so far...but the day is yet young.)

Thank heaven for diversity:

http://www.kitco.com/charts/livegold.html


koin
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August 02, 2011, 09:01:28 PM
 #197

this might help cheer you up: http://www.youtube.com/watch?v=38bEi8wnXJA
FlipPro
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August 02, 2011, 09:07:45 PM
 #198

$/BTC is looking like DJI.

Which is what confuses me. I would think BTC would seem like an asset to hold like gold in times when the dollar/euro and global stock exchanges are shaky. There are so few big players in the BTC game I guess it behaves a little differently.
Gold doesn't need electricity. BTC is a bi-product of our current Internet reality. If we could figure out a way to run the block-chain without the need of a domestic power source, Bitcoins would double in price tomorrow Smiley. Which is why I purpose everyone donating BTC into a big pot, we get investors & established company's on board. And we blast the block-chain into space using a self sufficient satellite that runs off the sun. That would make bitcoins virtually indestructible to the point where it would take a missile to disrupt the blockchain.

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Grouver (BtcBalance)
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August 02, 2011, 09:11:08 PM
 #199

$/BTC is looking like DJI.

Which is what confuses me. I would think BTC would seem like an asset to hold like gold in times when the dollar/euro and global stock exchanges are shaky. There are so few big players in the BTC game I guess it behaves a little differently.
Gold doesn't need electricity. BTC is a bi-product of our current Internet reality. If we could figure out a way to run the block-chain without the need of a domestic power source, Bitcoins would double in price tomorrow Smiley. Which is why I purpose everyone donating BTC into a big pot, we get investors & established company's on board. And we blast the block-chain into space using a self sufficient satellite that runs off the sun. That would make bitcoins virtually indestructible to the point where it will take a missile to disrupt the blockchain.
Doesn't this silly idea defeat the purpose of the decentralized part of Bitcoin?

FlipPro
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August 02, 2011, 09:13:23 PM
 #200

$/BTC is looking like DJI.

Which is what confuses me. I would think BTC would seem like an asset to hold like gold in times when the dollar/euro and global stock exchanges are shaky. There are so few big players in the BTC game I guess it behaves a little differently.
Gold doesn't need electricity. BTC is a bi-product of our current Internet reality. If we could figure out a way to run the block-chain without the need of a domestic power source, Bitcoins would double in price tomorrow Smiley. Which is why I purpose everyone donating BTC into a big pot, we get investors & established company's on board. And we blast the block-chain into space using a self sufficient satellite that runs off the sun. That would make bitcoins virtually indestructible to the point where it will take a missile to disrupt the blockchain.
Doesn't this silly idea defeat the purpose of the decentralized part of Bitcoin?
You could hypothetically shoot thousands of satellites into space thus keeping it "decentralized". But the current reality still exists, the biggest centralization to Bitcoins is the energy it takes to power the blockchain itself. And until we can figure out a way for cold fusion to work (free energy), humanity will seek to control, distribute, and regulate this energy thus keeping Bitcoins in a forever incubated state.

EDIT: Or the government can just come out and say that this system is better and wants to see global adoption. That would sort of have the same effect, but for now we have the crazy idea of shooting the satellites up into space, and there are many smart/rich people who CAN make this happen... I know my idea sounds radical but it's the only way we can guarantee that no man can disrupt the blockchain, making the "coins" we hold today, TRUE GOLD...

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