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wndrbr3d
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August 02, 2011, 04:15:53 PM |
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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  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 |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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GeniuSxBoY
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August 02, 2011, 05:06:14 PM |
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The $12.50 was just torn the fuck down.
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Be humble!
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phorensic
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August 02, 2011, 05:42:57 PM |
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Yep, dropping fast.
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GeniuSxBoY
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August 02, 2011, 05:59:58 PM |
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Be humble!
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BTC4Host
Newbie
 Offline
Activity: 31
Merit: 0
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August 02, 2011, 06:03:57 PM |
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Time to buy guys! Buy low sell high!
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wndrbr3d
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August 02, 2011, 06:10:28 PM |
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Did someone photoshop the penis OUT of this picture? |
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phorensic
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August 02, 2011, 07:17:10 PM |
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Broke below 12
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Zem
Member
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Activity: 70
Merit: 10
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August 02, 2011, 07:19:38 PM |
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This is fun to watch. I usually always sleep through all the action.
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Oldminer
Legendary
Offline
Activity: 1022
Merit: 1001
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August 02, 2011, 07:23:36 PM |
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The bears have it
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FlipPro
Legendary
Offline
Activity: 1764
Merit: 1015
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August 02, 2011, 07:25:14 PM |
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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. |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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August 02, 2011, 07:29:00 PM |
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I would agree that the MyBitcoin guy is selling it all...quickly.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Oldminer
Legendary
Offline
Activity: 1022
Merit: 1001
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August 02, 2011, 07:30:18 PM |
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I truly don't understand what drives this market other than good news / bad news.
Emotion drives price more than anything |
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SlaveInDebt
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August 02, 2011, 07:31:45 PM |
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"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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tymothy
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August 02, 2011, 08:46:25 PM |
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$/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. |
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tvbcof
Legendary
Offline
Activity: 4592
Merit: 1276
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August 02, 2011, 08:46:52 PM |
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$/BTC is looking like DJI.
"Looks like I picked the wrong day to quit sniffing glue." (Actually, so far only one of my low bids have been taken out so far...but the day is yet young.) Thank heaven for diversity: http://www.kitco.com/charts/livegold.html |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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koin
Legendary
Offline
Activity: 873
Merit: 1000
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August 02, 2011, 09:01:28 PM |
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FlipPro
Legendary
Offline
Activity: 1764
Merit: 1015
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August 02, 2011, 09:07:45 PM |
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$/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  . 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 |
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$/BTC is looking like DJI.
Which is what confuses me. I would think BTC would seem like an asset to hold like gold in times when the dollar/euro and global stock exchanges are shaky. There are so few big players in the BTC game I guess it behaves a little differently. Gold doesn't need electricity. BTC is a bi-product of our current Internet reality. If we could figure out a way to run the block-chain without the need of a domestic power source, Bitcoins would double in price tomorrow . Which is why I purpose everyone donating BTC into a big pot, we get investors & established company's on board. And we blast the block-chain into space using a self sufficient satellite that runs off the sun. That would make bitcoins virtually indestructible to the point where it will take a missile to disrupt the blockchain. Doesn't this silly idea defeat the purpose of the decentralized part of Bitcoin? |
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FlipPro
Legendary
Offline
Activity: 1764
Merit: 1015
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August 02, 2011, 09:13:23 PM
Last edit: August 02, 2011, 09:25:14 PM by FlipPro |
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$/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 . 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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phorensic
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August 03, 2011, 12:36:59 AM |
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$/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 . 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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