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Author Topic: damn... just sold all my btc for 8.7 and now it's 9.5  (Read 2777 times)
FlipPro
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August 04, 2011, 03:25:10 AM
 #21

Your up now  Grin! This will be one epic rally folks.
Nope, I'm thinking it will hover around 10$ for a few days. Even then the longterm bottom may not yet be reached. It may drop to 5$ before starting another longterm rise.
I don't think the miners will ever sell for a loss you are crazy. Most miners are barley breaking even at $8...

EDIT:
Lets thump everyone back to reality. The majority of this community consists of miners who have invested their time and money into this project. Vultures who have nothing better to do, or are to dumb to produce the same results we do want nothing more than to make us all go crazy, so we can sell our Bitcoins at ridiculous prices. Now what would happen if we all just held the fort down, and instead of exchanging our Bitcoins for dollars or euros , we spend them within our growing community https://en.bitcoin.it/wiki/Trade, You can literally find anything you want on that list, and believe me there are many many more services coming soon.. What do you think these speculators will do then when Bitcoins are a hot new commodity? They will drool over the coins thats what... I have heard some very good ideas, and there are some very smart people working behind the scenes to bring you some of the services that will make Bitcoins the currency that it was always meant to be. Much of this needs to be simplified that's true, but don't insult our intelligence by telling us that we have to sell our coins at an obvious loss. That sir simply is not going to happen.

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kiwiasian
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August 04, 2011, 03:28:53 AM
 #22

Your up now  Grin! This will be one epic rally folks.
Nope, I'm thinking it will hover around 10$ for a few days. Even then the longterm bottom may not yet be reached. It may drop to 5$ before starting another longterm rise.
I don't think the miners will ever sell for a loss you are crazy. Most miners are barley breaking even at $8...

I've stopped mining at $15. At that price and difficulty I can only make $3 after electricity costs. That's with almost 1 GH/s, too.

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Houdini
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August 04, 2011, 03:29:28 AM
 #23

I don't think the miners will ever sell for a loss you are crazy. Most miners are barley breaking even at $8...
Not everyone is a miner, and everyone including miners will sell if they think they're not going to be able to get anything for them later.
And you are obviously a self-promoting miner who is trying to manipulate public opinion to suit his own interests, just like many others in this thread are trying to manipulate public opinion to suit their own interests (especially that Edward50 or whatever guy whos EVERY post is about bitcoins falling !)...
And if you want to help miners, you can just quit the business ! The less miners there are, the lower the difficulty and the more they earn. So if you're such a self-sacrificing miner-crusader, go jump off a cliff for the good of other miners !  Cheesy  Grin


I've stopped mining at $15. At that price and difficulty I can only make $3 after electricity costs. That's with almost 1 GH/s, too.
Electricity costs now don't matter if you believe bitcoins will be a lot more valuable in the future.


Now what would happen if we all just held the fort down, and instead of exchanging our Bitcoins for dollars or euros , we spend them within our growing community https://en.bitcoin.it/wiki/Trade,
Selling BTC for dollars or buying goods with them is the same thing when it comes to the effect on the bitcoin price, because all traders immediately sell the BTC they get. So you'll crash the price in one way instead of another.
FlipPro
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August 04, 2011, 03:34:11 AM
 #24

I don't think the miners will ever sell for a loss you are crazy. Most miners are barley breaking even at $8...
Not everyone is a miner, and everyone including miners will sell if they think they're not going to be able to get anything for them later.
And you are obviously a self-promoting miner who is trying to manipulate public opinion to suit his own interests, just like many others in this thread are trying to manipulate public opinion to suit their own interests (especially that Edward50 or whatever guy whos EVERY post is about bitcoins falling !)...
And if you want to help miners, you can just quit the business ! The less miners there are, the lower the difficulty and the more they earn. So if you're such a self-sacrificing miner-crusader, go jump off a cliff for the good of other miners !  Cheesy  Grin


I've stopped mining at $15. At that price and difficulty I can only make $3 after electricity costs. That's with almost 1 GH/s, too.
Electricity costs now don't matter if you believe bitcoins will be a lot more valuable in the future.
Sounds like you want people to sell their money at a huge loss, so YOU can gobble them all up Smiley.

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Oldminer
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August 04, 2011, 03:36:41 AM
 #25

Your up now  Grin! This will be one epic rally folks.

I think its a bit premature to be calling that.

The underlying indicators just arent there atm and in fact even $10 is standing on a very thin sheet of ice.

Though I do agree that when the rally comes it will in fact be quite epic.

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Babylon
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August 04, 2011, 06:10:07 PM
 #26


Selling BTC for dollars or buying goods with them is the same thing when it comes to the effect on the bitcoin price, because all traders immediately sell the BTC they get. So you'll crash the price in one way instead of another.

That is an inaccurate assumption.  Many traders hold onto their bitcoins or trade them for other goods.

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August 04, 2011, 06:11:16 PM
 #27

i did buy a 8.7 Tongue

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gacbmmml
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July 08, 2013, 07:58:29 PM
 #28

Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.
Bitcoin BEAR
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July 08, 2013, 08:01:06 PM
 #29

Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.

You win!!!1!one  Tongue
moiraine
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July 08, 2013, 08:02:22 PM
 #30

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Crypt_Current
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July 08, 2013, 09:07:23 PM
 #31

Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.

Sold all?  As in, 100% of your holdings?  Do you have any intention to buy in again (or mine)?

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jamesc760
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July 08, 2013, 09:11:26 PM
 #32

Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.

Sold all?  As in, 100% of your holdings?  Do you have any intention to buy in again (or mine)?

He can't. Wasted all his money on drugs, women, and booze.
rampantparanoia
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July 08, 2013, 09:12:18 PM
 #33

He can't. Wasted all his money on drugs, women, and booze.

and that's a bad thing... how?
600watt
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July 08, 2013, 10:23:37 PM
 #34

Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.

Sold all?  As in, 100% of your holdings?  Do you have any intention to buy in again (or mine)?

He can't. Wasted all his money on drugs, women, and booze.



"I spent 90% of my money on women, drink and fast cars. The rest I wasted"
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