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Author Topic: Why bitcoins are dropping, and will continue to do so  (Read 25697 times)
JCbit
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August 06, 2011, 10:58:05 PM
 #121


this isn't helping our cause; how many wallet holders are you influencing to sell  with this topic name.
at least you should have posted this in speculation
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netrin
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August 08, 2011, 12:56:56 AM
 #122

I was happy to pick up some coins again at $6, but in the same day I sent a donation, in which I still calculate as though the price is $30. I don't consider myself a hoarder, I just think they are temporarily 80% devalued. At the end of every trading day, I try to close in bitcoins, not dollars. I can move my bitcoins effortlessly. That's amazing!

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molecular
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August 08, 2011, 01:18:24 PM
 #123

I agree, the supply side is running wild.
This is why I suggested making it a factor of transactions (read https://bitcointalk.org/index.php?topic=26380.0)

I have to agree with the 3rd post on the referenced thread: https://bitcointalk.org/index.php?topic=26380.msg330368#msg330368

Making generation rate dependent on transaction volume? That idea is truly horrible.

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walidzohair
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August 09, 2011, 02:38:29 PM
 #124

Why bitcoins are dropping, and will continue to do so?Huh


So you askin me why btc prices will keep diving deep in blue sea ?


Well I tell ya ...


1) Lots of (Poor-mid class to poor - wealth dreamers) are jumping into (mining-mining gear-mining contracts-mining shit , .. etc) with huge investments dreaming of creating wealth out of thin air.



2) Very low number of (speculators-long term investors - normal people saving money - daily btc buy from a shop users) are buying in! and this is really strange since everything else is turning out to be obsolete investment with over priced current prices or nu future or whatever. I really wounder where are the normal people and the real investors hiding their reserve cash since it is a global decline and yet no specific single market/stock is chosen to be the last resort yet!



3) Very Very Very low business (that offers real services/goods for BTC only or with slight advantage for using btc - like discounts maybe) entering the market.








So,.............








Simply we have the 'ld good market rule  (Supply and Demand)


AAAAAAAAAAAAAA+ Lot of Supply (dreaming Miners)


and


tiny steady demand            <<<<<   "Tiny Steady demand"


and


Swinging Speculator  demand-supply-demand-Supply to make money out of idiots.



SO the final sum will be a lot of supply and almsot no demand >>>>>



BTC prices = 000.0000000000000000000000000001 USD
Drifter
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August 09, 2011, 02:42:52 PM
 #125


Rassah
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August 09, 2011, 02:48:54 PM
 #126

Simply we have the 'ld good market rule  (Supply and Demand)


AAAAAAAAAAAAAA+ Lot of Supply (dreaming Miners)


and


tiny steady demand            <<<<<   "Tiny Steady demand"

Wow that was some formatting. Only objection I have to your assertion is the claim that lots and lots of new miners = more and more supply. Supply stays the same, producing only 50BTC every 10 minutes. Only thing lots and lots of new miners adds is lots and lots of new people, however poor, who are also interested in/have demand for bitcoin  Tongue

kjj
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August 09, 2011, 02:55:23 PM
 #127



Well done.

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Tronlet
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August 09, 2011, 10:16:08 PM
 #128

Hello people!

I could be saying important things!

I could be saying utterly useless things, or perhaps invalid points!

Either way, no one will care because my post is too difficult to bother to read!

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