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Author Topic: CRASH!  (Read 23187 times)
phorensic
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August 03, 2011, 12:36:59 AM
 #201

$/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.
Gold needs energy to survive.  It takes energy to mine it.  It takes energy to refine it.  It takes energy to transport it.  Even if all the gold was mined, refined, and transported just sitting there, you still need energy to trade it, whether electonically or physically.
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FlipPro
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August 03, 2011, 01:51:53 AM
 #202

$/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.
Gold needs energy to survive.  It takes energy to mine it.  It takes energy to refine it.  It takes energy to transport it.  Even if all the gold was mined, refined, and transported just sitting there, you still need energy to trade it, whether electonically or physically.
Gold needs energy to be excavated from the ground but needs 0 energy to be stored. However to hold Bitcoins you need ENERGY. With no energy the block-chain can't work, thus making your Bitcoins worthless.

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Piper67
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August 03, 2011, 01:55:40 AM
 #203

$/BTC is looking like DJI.


Gold needs energy to survive.  It takes energy to mine it.  It takes energy to refine it.  It takes energy to transport it.  Even if all the gold was mined, refined, and transported just sitting there, you still need energy to trade it, whether electonically or physically.
Gold needs energy to be excavated from the grown but needs 0 energy to be held. However to hold Bitcoins you need ENERGY. With no energy the block-chain can't work, thus making your Bitcoins worthless.

Nah, gold also needs energy to be traded. I can hold a bunch of BTC in a flash drivenfor years, without spending any energy, until I decide to trade them or use them. Same thing with gold. Once you want to trade or use it, there's energy involved in determining its purity, selling it, buying it, melting it and so on.
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August 03, 2011, 02:22:26 AM
 #204

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Nah, gold also needs energy to be traded. I can hold a bunch of BTC in a flash drivenfor years, without spending any energy, until I decide to trade them or use them. Same thing with gold. Once you want to trade or use it, there's energy involved in determining its purity, selling it, buying it, melting it and so on.
When did I say anything about trading?  If you want to compare the "energy" it takes to trade gold in comparison to Bitcoin, gold could be exchanged just as easily. That's why there's something called E-GOLD...

However, you're missing my point, if the blockchain goes bye-bye all your bitcoins automatically become worthless. Sure you can store Bitcoins with the latest blockchain, but they would be rendered useless in a network attack that took us back 2009... The block chain could go bye bye under many different scenarios, and having Bitcoins not on this planet could render those scenarios impossible.

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Yannick
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August 03, 2011, 11:42:05 AM
 #205

http://www.youtube.com/watch?v=NoBFhdeR9PE&feature=player_detailpage#t=52s

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August 03, 2011, 03:49:21 PM
 #206

Tx2000
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August 03, 2011, 04:01:40 PM
 #207

It's over.  Hide your cards, sell your wife.  It's going down like the Titanic or like KFC's stock on a promotional free chicken day.
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August 03, 2011, 04:13:40 PM
 #208

It's over.  Hide your cards, sell your wife.  It's going down like the Titanic or like KFC's stock on a promotional free chicken day.

I'm loving every minute of it!!!!!   Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy


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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August 03, 2011, 04:15:22 PM
 #209

We're all gonna buy die!
bittersweet
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August 03, 2011, 04:17:22 PM
 #210

Catch them all!



My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
Hunterbunter
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August 03, 2011, 04:36:24 PM
 #211

oh snap just burst through 11 like a flood.

Waaaaaaay to many people just wanting to get out/protect their cash now...man it takes nerves of steel to hang around...
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August 03, 2011, 04:39:56 PM
 #212

Buyback in T minus 1000, 999, 998...
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August 03, 2011, 05:12:39 PM
 #213

Daaaamn!  Someone got my 8-n-change 'absurd' bid on Tradehill just now.  C-mon baby...down to $5 and I'm done.

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August 03, 2011, 05:26:14 PM
 #214


My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
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August 03, 2011, 05:38:16 PM
 #215


My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
Houdini
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August 03, 2011, 10:51:38 PM
 #216

It's over.  Hide your cards, sell your wife.  It's going down like the Titanic or like KFC's stock on a promotional free chicken day.
Well it seems like the fall is over (at least for now) and it's holding a little above 9. I've been expecting the price to fall, actually sooner than this, it's been stagnant for longer then expected.
What's most irritating is that bitcoincharts.com also fell during this fall. And it hasn't gotten up yet !
Also extremely irritating is the fact that there were two peaks when it rose from about 9 to above 11 quickly and then fell back, and I missed both, I looked at the prices just before and just after that (I went to the bathroom and did some other stuff in between), so I missed an incredible chance for making money !



She must be saying : Wow, it's that long !? Shocked



ROTLFMAO !  Grin
FlipPro
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August 03, 2011, 10:58:48 PM
 #217

It's over.  Hide your cards, sell your wife.  It's going down like the Titanic or like KFC's stock on a promotional free chicken day.
Well it seems like the fall is over (at least for now) and it's holding a little above 9. I've been expecting the price to fall, actually sooner than this, it's been stagnant for longer then expected.
What's most irritating is that bitcoincharts.com also fell during this fall. And it hasn't gotten up yet !
Also extremely irritating is the fact that there were two peaks when it rose from about 9 to above 11 quickly and then fell back, and I missed both, I looked at the prices just before and just after that (I went to the bathroom and did some other stuff in between), so I missed an incredible chance for making money !



She must be saying : Wow, it's that long !? Shocked



ROTLFMAO !  Grin
I think that quick spike had some serious bot action Smiley.

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TiagoTiago
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August 04, 2011, 04:57:06 AM
 #218


LMFAO

Those pics fit perfectly together Xp

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
Houdini
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August 07, 2011, 12:18:30 AM
 #219

Those pics fit perfectly together Xp
Yeah, I thought the same thing when I saw my post... She's gonna BLOW...  Grin Grin Grin
Bitcoinreminder.com
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August 07, 2011, 12:20:27 AM
 #220

But I dont see it as bad as it is.. 2nd chance to be an early adopter ^^
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