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Author Topic: Bitcoin Price Drop  (Read 8355 times)
Zman0101
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August 02, 2011, 04:04:24 PM
 #1

Anyone else getting a little nervous on how low the coin is getting for USD? Do you think it will go back up?
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crispy
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August 02, 2011, 04:14:14 PM
 #2

As I say when the stock market goes down: "Looks like a buying opportunity!"
Xephan
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August 02, 2011, 04:18:06 PM
 #3

Anyone else getting a little nervous on how low the coin is getting for USD? Do you think it will go back up?

Not me, since I had expected the price to go much lower before stabilizing and made my mining investment decision (not to invest in hardware) based on a 2% slide every week in BTC price as well as 1% slide in USD value. Cheesy

Heck if it gets low enough, I might actually be able to buy BTC cheaper than mining even after the cross-border bank taxes Cheesy

186q9YUW3x8TVHC5aYBEqgZZYMxft8Cw9f
dayfall
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August 02, 2011, 05:36:29 PM
 #4

I am not nervous at all.  I might be disappointed that I am not filthy rich, but unless something better comes along bitcoin will be used at any price.

I do feel sorry for general users, because they must be very unhappy for not being able to buy bitcoins for fear that the value will continue to fall. 
Rassah
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August 02, 2011, 06:29:08 PM
 #5

Price goes up, "Not buying! Early adopters got all benefit!"
Price goes down, "Not buying! I'm worried price will keep falling!"

seems like we're still in early adopter stage. Not surprised price is so low, considering all the issues in the last two months.

OmegaNemesis28
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August 02, 2011, 07:40:02 PM
 #6

I made a mistake of buying bitcoins back when they were at $13.5
It's down to $11.5 now and would've been a better investment. Oh well. Not too big of a loss, hopefully they go up. I might actually invest more.

I'm not one for donations but if you must go ahead and I will keep you in mind. =)
http://payb.tc/omeganemesis28
bitebitebite
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August 02, 2011, 07:47:43 PM
 #7

 So glad I bought at $13 yesterday lol
Zman0101
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August 02, 2011, 07:50:56 PM
 #8

Yeah but why the sudden drop all of a sudden ?
pekv2
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August 02, 2011, 07:51:18 PM
 #9

I don't really understand the markets enough yet. Why are they dropping so low? & Are they going to drop even lower or going to rise up in a few months?
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August 02, 2011, 07:53:04 PM
 #10

Inching towards the break-even point in my mining operations...
Transisto
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August 02, 2011, 07:58:25 PM
 #11


Yeah but why the sudden drop all of a sudden ?
incredible opportunity ,,, 12.33 is below cost...

Maybe the move to new forum URL cause insecurity for some Huh
valam
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August 02, 2011, 08:01:17 PM
 #12

this is btc from mybitcoin

jackjack
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August 02, 2011, 08:18:03 PM
 #13

this is btc from mybitcoin
Quite possible

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tsvekric
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August 02, 2011, 08:24:56 PM
 #14

this is btc from mybitcoin
Quite possible

if that's the case (and it seems likely) we should all be collectively dropping our prices a bit, because that asshole will probably take any price he can get.
SgtSpike
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August 02, 2011, 08:28:45 PM
 #15

this is btc from mybitcoin
It could be, but several of the people who have sent BTC to addresses for their mybitcoin accounts have noted that the funds have not been moved from those addresses.
Transisto
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August 02, 2011, 08:50:50 PM
 #16

borked vm = price up  ... slightly

exposing risk of bitcoin lost = price down

huge amount of stolen bitcoin, = DOWN
valam
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August 02, 2011, 09:11:22 PM
 #17

but we will be wise  Smiley
and felt the full force of BTC

everything that happens for the best...

kiwiasian
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August 02, 2011, 10:11:31 PM
 #18

Is today just some magical day for everyone to cash out or did something actually happen

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Miner99er
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August 02, 2011, 11:01:33 PM
 #19

Miners have bills that need to be paid.

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kiwiasian
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August 02, 2011, 11:34:25 PM
 #20

It takes a lot to move us down a dollar in 24 hours.

Tradehill referral link, save 10% | http://www.tradehill.com/?r=TH-R12328
www.payb.tc/kiwiasian | 1LHNW1JGMBo2e7rKiiFz7KJPKE57bqCdEC
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