JCbit (OP)
Newbie
 Offline
Activity: 28
Merit: 0
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August 06, 2011, 11:21:37 PM |
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if we all believe it, and hold on to our btc! I wonder how many wallet holders/ how many bitcoins lurk and check this forum. With so many doomsday posts its about time for a positive one. a) This is not the end of bitcoins b) just a rough patch c) Bitcoins will rise back with some united confidence. I believe in the principle of bitcoin. Its an awesome idea and I will take a loss to support such a fantastic opportunity of economic freedom.
we should all listen to this, as i write this it went up 2.2% on mtgox.  |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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August 06, 2011, 11:33:02 PM |
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i'm with you JCBit. normal cyclical variation.
i can feel Wall St accumulating...getting ready for the derivatives explosion.
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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August 06, 2011, 11:34:27 PM |
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i'm with you JCBit. normal cyclical variation.
i can feel Wall St accumulating...getting ready for the derivatives explosion.
Exciting times for the 'new' (after the crash) Bitcoin for sure |
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logansryche
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August 06, 2011, 11:38:11 PM |
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yup, can't wait.
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GeniuSxBoY
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August 06, 2011, 11:41:28 PM |
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I just withdrew the little bit of money I had left in Mt Gox.  |
Be humble!
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Crazy
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August 06, 2011, 11:44:38 PM |
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That's kind of silly. I'm moving money into MtGox as soon as I can tbh. I'm hoping it gets oversold into the $1-2 range so I can buy up as much as possible. There is value in Bitcoins, the market just needs to figure it out. All I know is I'm going to be ready to jump in head first once it is figured out... whether it's $1, $5 or $10.
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Elon Krusky
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elements
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August 06, 2011, 11:44:52 PM |
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I just withdrew the little bit of money I had left in Mt Gox. LOL so much for united confidence  |
»A common mistake that people make when trying to design something completely foolproof was to underestimate the ingenuity of complete fools.« - Douglas Adams Use the trusted German Bitcoin exchange: https://www.bitcoin.de/de/r/5wcwtsTips & donations: BTC : 1MAQYNLp2VJ9wWhPYg5BnrbUGzdhGXopZw | CGB: 5bgQivyHJcSWTgvLfVW87Zj23M7mcFCVBF |
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BTC_Junkie
Member
Offline
Activity: 97
Merit: 10
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August 07, 2011, 12:15:47 AM |
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30k just sold on mtgox.... Good that there are still buyers absorbing so much?
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12jAZVfnCjKmPUXTszwmoji9S4NmY26Qvu
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elements
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August 07, 2011, 12:25:24 AM |
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30k just sold on mtgox.... Good that there are still buyers absorbing so much?
I assume there will be more large scale sell-offs before the weekend is over. Maybe Satoshi is redistributing |
»A common mistake that people make when trying to design something completely foolproof was to underestimate the ingenuity of complete fools.« - Douglas Adams Use the trusted German Bitcoin exchange: https://www.bitcoin.de/de/r/5wcwtsTips & donations: BTC : 1MAQYNLp2VJ9wWhPYg5BnrbUGzdhGXopZw | CGB: 5bgQivyHJcSWTgvLfVW87Zj23M7mcFCVBF |
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logansryche
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August 07, 2011, 01:14:43 AM |
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I just withdrew the little bit of money I had left in Mt Gox.
Same, only I tossed it into a wallet I trust and know will be around no matter what the going rate is. I'm holding on to my coins and waiting for the market to come back. |
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Supercrit
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Activity: 41
Merit: 0
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August 07, 2011, 01:39:38 AM |
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Dead Cat bounce
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mizike29
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August 07, 2011, 03:54:59 AM |
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It has already done this before just in different price points, and earlier on as well. Its the wekend, the price always drops for past couple months anyways, the low prices are for very low volume of bitcoins, should balance back out to 9 to 10 by tuesday. And I think thats where it might end up stabilizing at eventually. Its too risky and when new people see these changes its just making it less popular and less mainstream which really sucks ass.
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bitjet
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August 07, 2011, 06:14:32 AM |
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if we all believe it, and hold on to our btc! I wonder how many wallet holders/ how many bitcoins lurk and check this forum. With so many doomsday posts its about time for a positive one. a) This is not the end of bitcoins b) just a rough patch c) Bitcoins will rise back with some united confidence. I believe in the principle of bitcoin. Its an awesome idea and I will take a loss to support such a fantastic opportunity of economic freedom.
we should all listen to this, as i write this it went up 2.2% on mtgox. Being quoted in other threads makes my day. |
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mizike29
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August 07, 2011, 11:20:56 PM |
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ALl I Know is I have 50 bitcoins right now at 9 bux each, so Im hoping it takes a nice large hop to 30 for a day again lol
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JCbit (OP)
Newbie
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Activity: 28
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August 07, 2011, 11:49:34 PM |
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bitjet: what can i say? its a great quote  looks like btc's rebounded to 9 not bad considering it was at 5-6 when this topic was made i guess all those bitcoin crash authors will have to eat their own words lol |
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mizike29
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August 09, 2011, 01:30:51 AM |
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Nah it has crashed pretty bad and below what I feel market value should be with the difficulty it takes to make one coin these days and the hardware needed, it should maintain around 13 to 15, that is a fair market value. 30 was too high, 8 is too low, needs to stabilize around 13 to be worth making, using, selling, buying products etc with bitcoin. We need the bitcoins to STABILIZE AND STABILIZE STRONG
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Macil2018
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Activity: 15
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August 09, 2011, 03:01:29 AM |
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Oh man. All the "Bitcoin has failed!" and "its all over!" talk is driving me nuts. Any market is going to have its hills and valleys. Look at how many depressions we've been through and the market still operates just fine. With every game there has to be winners and losers. And with the market acting the way its acting right now I have to say right now its going to separate the men from the boys in Bitcoins. The people who don't know what they're doing and don't have the stomach for trading are going to see their way right to the door when they get their first taste of financial blood in their mouth when they fall off their high horses and realize every day is going to have its gains and losses. Just sometimes the losses will outweigh the gains. Just need to be smart, and hang in there.
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cunicula
Legendary
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Activity: 1050
Merit: 1003
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August 09, 2011, 03:14:03 AM |
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Nah it has crashed pretty bad and below what I feel market value should be with the difficulty it takes to make one coin these days and the hardware needed, it should maintain around 13 to 15, that is a fair market value. 30 was too high, 8 is too low, needs to stabilize around 13 to be worth making, using, selling, buying products etc with bitcoin. We need the bitcoins to STABILIZE AND STABILIZE STRONG
minimal profit is called market entry equilibrium. Current situationfor mining profit is likely to persist unless rapid price changes begin again. Price could go up, down, or stay the same. No particular reason to believe that one outcome is more likely than another. |
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bitcon
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Activity: 2212
Merit: 1008
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August 09, 2011, 03:46:10 AM |
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without the bitter, the sweet wouldn't be so sweet.
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