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GeniuSxBoY (OP)
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August 06, 2011, 06:02:32 PM
Last edit: August 06, 2011, 10:00:22 PM by GeniuSxBoY |
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Just get it over with.  |
Be humble!
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FlipPro
Legendary
 Offline
Activity: 1764
Merit: 1015
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August 06, 2011, 06:04:54 PM |
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Just get it over with.  If we crash for real? Where do we take it from there? |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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August 06, 2011, 06:05:50 PM |
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Just get it over with. If we crash for real? Where do we take it from there? Facebook bucks? |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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GeniuSxBoY (OP)
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August 06, 2011, 06:06:14 PM |
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The unsinkable ship sank.
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Be humble!
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grod
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August 06, 2011, 06:07:57 PM |
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I wouldn't say sank just yet, we're still valued at over 50 million for the whole enchilada. That's still a bunch of cash.
However, we've definitely hit an iceberg and are ingurgitating sewater.
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Bitcoin Swami
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August 06, 2011, 06:09:23 PM |
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I can still buy 8 things off wendy's dollar menu with 1 bitcoin. Thats still good right?
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FlipPro
Legendary
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Activity: 1764
Merit: 1015
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August 06, 2011, 06:10:21 PM |
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If prices really do go as low and some of the people in here are saying then we will all be early adopters. If they do drop below $5 I look forward to owning thousands of coins  . |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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August 06, 2011, 06:10:30 PM |
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The unsinkable ship sank.
It hasn't sunk completely, yet. Lifeboats are running out, however. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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August 06, 2011, 06:11:04 PM |
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new thread with no purpose or content? check.
animated gif from failpost? check.
actually getting a response from me and others? check.
congratulations! successful troll!
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"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
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kokjo
Legendary
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Activity: 1050
Merit: 1000
You are WRONG!
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August 06, 2011, 06:11:15 PM |
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I can still buy 8 things off wendy's dollar menu with 1 bitcoin. Thats still good right?
+1 |
"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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GeniuSxBoY (OP)
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August 06, 2011, 06:12:49 PM |
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There are 6 million coins out there and only 12,000 are needed to wipe out whatever money's in the system.
I saw a sell order for 17,000 earlier today.
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Be humble!
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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August 06, 2011, 06:13:58 PM |
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There are 6 million coins out there and only 12,000 are needed to wipe out whatever money's in the system.
How do you figure that? |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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GeniuSxBoY (OP)
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August 06, 2011, 06:15:49 PM |
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Okay I lied. I have a 1,000,000 buy order at $0.001.
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Be humble!
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fastandfurious
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August 06, 2011, 06:18:08 PM |
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There are 6 million coins out there and only 12,000 are needed to wipe out whatever money's in the system.
I saw a sell order for 17,000 earlier today.
7 million, the number of BTC on the bid side looks like this: 28710 bitcoins to reach 1 dollar. Having said that, it looked worse a couple of hours ago. |
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GeniuSxBoY (OP)
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August 06, 2011, 06:18:28 PM |
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I think MtGox owns the bot. Had the bot had fees there is no way he'd be making money. Without fees on the other hand....
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Be humble!
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ffuentes
Member
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Activity: 70
Merit: 10
Only a curious passer-by / FirstBits: 13zsc1
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August 06, 2011, 06:19:21 PM |
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Sellers, stop giving away your bitcoins  |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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August 06, 2011, 06:19:50 PM |
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There are 6 million coins out there and only 12,000 are needed to wipe out whatever money's in the system.
I saw a sell order for 17,000 earlier today.
7 million, the number of BTC on the bid side looks like this: 28710 bitcoins to reach 1 dollar. Having said that, it looked worse a couple of hours ago. How are you getting market depth to $1? |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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GeniuSxBoY (OP)
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August 06, 2011, 06:20:40 PM |
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Be humble!
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FlipPro
Legendary
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Activity: 1764
Merit: 1015
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August 06, 2011, 06:21:31 PM |
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Sellers, stop giving away your bitcoins It's no use  , I've tried, some people must be mining for free, or are panicing so hardcore that they a liquidating everything... |
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fastandfurious
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August 06, 2011, 06:22:09 PM |
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There are 6 million coins out there and only 12,000 are needed to wipe out whatever money's in the system.
I saw a sell order for 17,000 earlier today.
7 million, the number of BTC on the bid side looks like this: 28710 bitcoins to reach 1 dollar. Having said that, it looked worse a couple of hours ago. How are you getting market depth to $1? Rows to display: 1000 |
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oakpacific
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August 06, 2011, 06:25:43 PM |
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If prices really do go as low and some of the people in here are saying then we will all be early adopters. If they do drop below $5 I look forward to owning thousands of coins . Actually I said it mainly to point out that price will not go so low as to make this happen, investors know that, infrastructure, securer exchanges and trading platforms will be built eventually, a decentralized e-currency will see its day sometime in the future, as long as the design itself is not flawed and self-consistent, there is no reason for people to reinvent the wheel, if you're into this for the long term, you'll get your investment paid back. |
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GeniuSxBoY (OP)
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August 06, 2011, 06:26:28 PM |
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Sellers, stop giving away your bitcoins It's no use , I've tried, some people must be mining for free, or are panicing so hardcore that they a liquidating everything... If you invested $100,000 @ $7.70 to get the price to $9.14 and then the price keeps going lower after that... You'd want to sell at $5 to retain SOOOME money. OTherwise you're blowing $20,000 for every dollar it drops further. |
Be humble!
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ffuentes
Member
Offline
Activity: 70
Merit: 10
Only a curious passer-by / FirstBits: 13zsc1
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August 06, 2011, 06:27:08 PM |
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Sellers, stop giving away your bitcoins It's no use , I've tried, some people must be mining for free, or are panicing so hardcore that they a liquidating everything... But miners are not the most of bitcoin users, people must hold their bitcoins to the offer decrease. All the people is in panic and that's not the way for improving the bitcoin value. |
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FlipPro
Legendary
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Activity: 1764
Merit: 1015
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August 06, 2011, 06:27:58 PM |
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Sellers, stop giving away your bitcoins It's no use , I've tried, some people must be mining for free, or are panicing so hardcore that they a liquidating everything... If you invested $100,000 @ $7.70 to get the price to $9.14 and then the price keeps going lower after that... You'd want to sell at $5 to retain SOOOME money. OTherwise you're blowing $20,000 for every dollar it drops further. Yeah makes sense... |
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fastandfurious
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August 06, 2011, 06:36:57 PM |
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This fact is a bit scary. Reaching 1 dollar in price with 28000 BTC trade on the bid side takes only less then 4 days of mining (7200 x 4). That should get even the most hardcore optimist a feeling of something isn't right.
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error
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August 06, 2011, 07:41:39 PM |
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This fact is a bit scary. Reaching 1 dollar in price with 28000 BTC trade on the bid side takes only less then 4 days of mining (7200 x 4). That should get even the most hardcore optimist a feeling of something isn't right.
MtGox doesn't publish their complete order book. |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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grod
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August 06, 2011, 07:50:14 PM |
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This fact is a bit scary. Reaching 1 dollar in price with 28000 BTC trade on the bid side takes only less then 4 days of mining (7200 x 4). That should get even the most hardcore optimist a feeling of something isn't right.
MtGox doesn't publish their complete order book. Plus the mtgox order book has always looked like that. Asks always dwarf bids. The bids come flooding back as soon as it looks like the selloff is over -- not during. Volume is rather light. Everyone is moving into position, we're done with the big move for now. |
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Nagle
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August 06, 2011, 08:07:41 PM |
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infrastructure, securer exchanges and trading platforms will be built eventually At this point, I don't think anyone wants to put real money into Bitcoin infrastructure. |
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tacotime
Legendary
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Activity: 1484
Merit: 1005
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August 06, 2011, 08:09:14 PM |
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I'm waiting for the hash rate ship to sink
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XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns |
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error
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August 06, 2011, 08:33:27 PM |
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infrastructure, securer exchanges and trading platforms will be built eventually At this point, I don't think anyone wants to put real money into Bitcoin infrastructure. Nonsense. This is the best time to invest in Bitcoin infrastructure! And it'll be even better tomorrow.  |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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oakpacific
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August 06, 2011, 09:41:17 PM |
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infrastructure, securer exchanges and trading platforms will be built eventually At this point, I don't think anyone wants to put real money into Bitcoin infrastructure. They will when they need it, or when it becomes easy enough for them to do. Even back to sub-$1 doesn't signal the death of BTC, just the beginning of a new cycle, as long as the design is not found to be flawed, it will prevail. I don't care that much about"this point", I admit it could take 3-5 years or even longer for everything to be built, but I am into this for such long term. |
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GeniuSxBoY (OP)
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August 06, 2011, 09:45:25 PM
Last edit: August 06, 2011, 09:59:58 PM by GeniuSxBoY |
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Be humble!
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Hawkix
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August 06, 2011, 09:47:10 PM |
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BACK TO CARROTS! BACK TO CARROTS!
Damn, too late to harvest carrots. We are DOOMED.
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Oldminer
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August 06, 2011, 11:01:16 PM |
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Nonsense. This is the best time to invest in Bitcoin infrastructure! And it'll be even better tomorrow. +1 |
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Caffarius
Newbie
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Activity: 21
Merit: 0
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August 06, 2011, 11:45:45 PM |
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This is the best time to invest in Bitcoin infrastructure! And it'll be even better tomorrow. I'm loving it. I sold mine at 13.6 to buy back in at 7.4. Let's see where this party ends up.  |
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error
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August 07, 2011, 01:01:32 AM |
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This is the best time to invest in Bitcoin infrastructure! And it'll be even better tomorrow. I'm loving it. I sold mine at 13.6 to buy back in at 7.4. Let's see where this party ends up. Great! What Bitcoin products and services are you building? |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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Caffarius
Newbie
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Activity: 21
Merit: 0
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August 07, 2011, 01:05:03 AM |
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Great! What Bitcoin products and services are you building? I'm awaiting the panic sell to spread to the Marketplace forum.  |
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Sannyasi
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August 07, 2011, 01:10:46 AM |
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i only sold to buy cheaper- turned my measly 11 BTC into 14 so far... enjoying this fiasco quite a bit
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GeniuSxBoY (OP)
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August 07, 2011, 01:14:20 AM |
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Lol, I'm about to turn my measly 166 into 325,725.
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Be humble!
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