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Poll
Question: When will the price drop stop?
above 12$ - 43 (27.9%)
between 10$ and 12$ - 41 (26.6%)
below 10$ - 39 (25.3%)
below  5$ - 31 (20.1%)
Total Voters: 153

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Author Topic: Will we reach at 12$?  (Read 7981 times)
Oldminer
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July 05, 2011, 10:39:26 AM
 #21

Oooh nice big stop has showed up @ $13 & $12...

Just got some coin into my account...selling...

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TrainDeluxe
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July 05, 2011, 03:11:18 PM
 #22

People hold WAY too long to 13$. Its obvious that the market lacks fresh fiat cash and price gonna drop down below 12$. Even maybe down to 6$.

By the way, there is ANOTHER predictible price drop coming in soon future. Just as soon as the 0.0% fee accounts will run out in 3 weeks, many of the users will leave the market. Then we will see another big drop AGAIN!

Remember this post and be prepared!

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mizike29
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July 05, 2011, 03:14:33 PM
 #23

Getting nervous with it dropping like this still, was hoping after the fourth of july weekend, some trading and news would come back out to help bitcoin.  We could have missed the boat to make our 10000s of dollars at the 1 buck buy in and 30 bux sell point.  Now its just is there future in bitcoin as we hope that the coins we have now will go back up.  Makes me want to sell them all but I am going to hold on for a minute, sell at 10 bux, thats my nervous point there, get is much back as I can.

Hunterbunter
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July 05, 2011, 03:25:41 PM
 #24

Getting nervous with it dropping like this still, was hoping after the fourth of july weekend, some trading and news would come back out to help bitcoin.  We could have missed the boat to make our 10000s of dollars at the 1 buck buy in and 30 bux sell point.  Now its just is there future in bitcoin as we hope that the coins we have now will go back up.  Makes me want to sell them all but I am going to hold on for a minute, sell at 10 bux, thats my nervous point there, get is much back as I can.

but what if you sell it at 10 then shoots up to 12 before you can rebuy it?

Then again if you think its going down to 10 might be smarter to sell now and buy back there.

I dunno...I'm kinda glad I'm fashionably late to the party...all this volatility would make my skin crawl if I had much more than my little sprinkling of bitcoins...I don't know how you guys remain sane watching it tank like this Sad.
mizike29
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July 05, 2011, 03:33:57 PM
 #25

It would have been sweet to not be late though and buy at 1$ and sell at $30 like many did, that is what hurts me more, knowing I knew about it, but took me too long to figure it out and get money invested, so now Im sitting here watching it crumble, hoping there is a stop and increase very very soon. 

If you sell at 10 and it goes back up to 12, its worth taking that loss of 2 dollars to buy again then losing your 1000 by not selling at 10 each if they crash.

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July 05, 2011, 04:12:36 PM
 #26

yeah true that, I guess you've got to consider the potential losses too.

Aye that rise and fall is going to put some distaste in a lot of speculators out there...would be a while before they come back.
StewartJ
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July 05, 2011, 06:06:06 PM
 #27

yeah true that, I guess you've got to consider the potential losses too.

Aye that rise and fall is going to put some distaste in a lot of speculators out there...would be a while before they come back.

There is an inherent worth in Bitcoins, beyond the speculation on the traded exchanges.

Like Silver and Gold have an inherent value beyond the paper traded on their commodity exchanges.

This is what I am going to invest in long, after MT Gox bottoms out.

SJ
TrainDeluxe
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July 05, 2011, 06:32:10 PM
 #28

Stewart,

the only thing Gold, Silver and BTC have in common is the TRUST you and other people assign to those objects and concepts!

(Yeh I know Gold can also be used as metal for creating things like jewlery... etc. But this is not the value that makes it "hot" and suitable as a currency! Wink )

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July 05, 2011, 06:44:18 PM
 #29

I predict we are going to hit 12....any.....second....NOW!

Jul05 18:42:33 mtgox        5.0000 @    12.00       USD


Do I win internets?!?

[̲̅$̲̅(̲̅ ͡° ͜ʖ ͡°̲̅)̲̅$̲̅] From time to time i exchange e-currencies/trade like Skrill>Paypal>Remittances>Pokerstars>Amazon GC>PaySafecard to Bitcoin. [̲̅$̲̅(̲̅ ͡° ͜ʖ ͡°̲̅)̲̅$̲̅]
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July 05, 2011, 06:49:31 PM
 #30

the wind & waves of the sea stop for none. hang on for the ride.

1DAYiWIllgeTRiChwiThbitCoInPOnzIScheMe
Chucksta
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July 05, 2011, 06:51:25 PM
 #31

I predict we are going to hit 12....any.....second....NOW!

Jul05 18:42:33 mtgox        5.0000 @    12.00       USD


Do I win internets?!?

lol, nice cheap BTC at MtGox, now

Someone has put in a bid order of well over 2200 coins for $12 each, and it is being filled pretty quickly. Next price is $11 90cents

StewartJ
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July 05, 2011, 06:53:22 PM
 #32

Stewart,

the only thing Gold, Silver and BTC have in common is the TRUST you and other people assign to those objects and concepts!

(Yeh I know Gold can also be used as metal for creating things like jewlery... etc. But this is not the value that makes it "hot" and suitable as a currency! Wink )


Both concepts can be viewed as a currency, a precious commodity, an investment hedge, and for speculated day trading. And they both exist this way, far beyond trust.

Having physical silver/gold in possession and btc in a dat wallet does not require trust. It's a reality.

Sure, maybe a btc is really only worth $4 or $5 when all is said and done because of mining caveats.

But is a value that can be invested in, that has upside potential.

My 2 BTCs.

StewartJ
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July 05, 2011, 07:03:20 PM
 #33

Folks,

As of 1:00pm MST, we are at $11.12 and falling.

Where is the rebound?

Are we going below $10 today? Already?

SJ
Chucksta
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July 05, 2011, 07:30:24 PM
 #34

Folks,

As of 1:00pm MST, we are at $11.12 and falling.

Where is the rebound?

Are we going below $10 today? Already?

SJ

There are about 20k worth of coins in the bid orders down to and including the $10 ones (Mt Gox), so are there people out there willing to unload that many ?

If so, then say hello to single figure price Smiley

This is exciting Smiley

Looks like people are buying... price just shot up by $1
StewartJ
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July 05, 2011, 07:34:10 PM
 #35


There are about 20k worth of coins in the bid orders up to and including the $10 ones (Mt Gox), so are there people out there willing to unload that many ?

If so, then say hello to single figure price Smiley

This is exciting Smiley

Hey Chucksta,

Where do you see this data for 20k bid orders? Is this on Mt Gox, or online graph somewhere?

Thanks,
Stew
Chucksta
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July 05, 2011, 07:39:10 PM
 #36


There are about 20k worth of coins in the bid orders up to and including the $10 ones (Mt Gox), so are there people out there willing to unload that many ?

If so, then say hello to single figure price Smiley

This is exciting Smiley

Hey Chucksta,

Where do you see this data for 20k bid orders? Is this on Mt Gox, or online graph somewhere?

Thanks,
Stew

I only just found it today... slack, I be

Select Trade Data, then select either Close Depth or Market Depth, then scroll the page down.
StewartJ
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July 05, 2011, 07:53:05 PM
 #37



I only just found it today... slack, I be

Select Trade Data, then select either Close Depth or Market Depth, then scroll the page down.

Thanks for the heads up on the data. I went in and took a look and found that table.

Are these Bid and Ask orders already filled, or are they orders waiting to be filled?

In any case, looks like lots of $10 bids, like you said.

Thanks in advance,
S.
Chucksta
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July 05, 2011, 07:56:14 PM
 #38



I only just found it today... slack, I be

Select Trade Data, then select either Close Depth or Market Depth, then scroll the page down.

Thanks for the heads up on the data. I went in and took a look and found that table.

Are these Bid and Ask orders already filled, or are they orders waiting to be filled?

In any case, looks like lots of $10 bids, like you said.

Thanks in advance,
S.


They are all waiting to be filled.

Price is moving back up slowly.

At the point of writing this, there are 24032.8 (24032,8 for our friends on the European continent) Bitcoins in the buy orders down to and including the $10 orders.
Chucksta
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July 05, 2011, 08:42:00 PM
 #39

MtGox - Now there are 27165.77 bitcoins in the buy orders, down to and including the $10 ones

mizike29
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July 05, 2011, 08:49:40 PM
 #40

Yeah I posted 30 of my coins for 12.4 dollars and they sold instantly in 20 seconds lol NOT GOOD PEOPLE, lets get this freaking price UPPPPP

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