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Author Topic: The Panic Selling of Sept 9th Fund  (Read 2413 times)
iprivately
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September 09, 2011, 06:03:50 PM
 #1

I am now taking donations for the Sept 9th Panic Selling "OMG I lost my shirt to Bicoins" Fund

1JfQGr3XBKXyGgPHfBHVz9jiB9N3fLaYv1

Accepting contributions of 0.0001 but not more than 0.0009. Contributions greater than 0.0009 will be refunded.
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GeniuSxBoY
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September 09, 2011, 06:06:33 PM
 #2

Nev4 4get

9/9/11
iprivately
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September 09, 2011, 06:08:45 PM
 #3

I'm sure many of you ship jumpers have some coin left in those useless wallets. Sen'em herr  Grin
iprivately
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September 09, 2011, 06:17:08 PM
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Come'on guys, I'm not seeing any contributions...

http://i56.tinypic.com/25tgaat.jpg
bitcon
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September 09, 2011, 06:24:39 PM
 #5

you have over 22k and you're begging for microcents and satoshis?   eesh.

iprivately
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September 09, 2011, 06:26:01 PM
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you have over 22k and you're begging for microcents and satoshis?   eesh.

is it ever enough...  Roll Eyes

plus if you don't believe, what does it matter what I have, I'll have nothing shortly...right?
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September 09, 2011, 06:34:00 PM
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Sell the 22K into the bid walls.
Minsc
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September 09, 2011, 06:37:56 PM
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Sell the 22K into the bid walls.

Yes.  Fuck, I could use 22,000 bitcoins.  Even 22,000 dollars.

1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
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September 09, 2011, 06:38:54 PM
 #9

If you send me $30 USD I'll send you a Buttcoin mug!

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September 09, 2011, 06:39:11 PM
 #10

you have over 22k and you're begging for microcents and satoshis?   eesh.

is it ever enough...  Roll Eyes

plus if you don't believe, what does it matter what I have, I'll have nothing shortly...right?


you might be able to get $22.80 if you wait long enough....

Minsc
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September 09, 2011, 06:42:43 PM
 #11

OP

Just send me the 22K at 1JHR4q6fvsRGgmZoYwqCve66Vsb993t6vs and then I will sell them all off and then buy them back lower and give you the difference.

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chungenhung
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September 09, 2011, 07:18:03 PM
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Come'on guys, I'm not seeing any contributions...


I hope you don't dump all of that to the market now. Wonder if you can push it down to $3 or less.

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
bulanula
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September 09, 2011, 07:34:46 PM
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That is the problem with bitcoin and all of these nerdy blockchains. The early adopters get so much out of it and the rest get burned. Reminds me of a pyramid scheme.
coined
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September 09, 2011, 07:58:29 PM
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That is the problem with bitcoin and all of these nerdy blockchains. The early adopters get so much out of it and the rest get burned. Reminds me of a pyramid scheme.

isn't that true for early adopters investing in anything that becomes big?
gw4tt
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September 09, 2011, 08:02:12 PM
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isn't that true for early adopters investing in anything that becomes big?

Yes. You could say all of wall street is a pyramid scheme.
Cluster2k
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September 11, 2011, 07:13:01 AM
 #16

Come'on guys, I'm not seeing any contributions...



23k bitcoins (assuming it's real, which I have doubts about).  Must have hurt to have missed the $30/btc bubble.  At $4.75 each it's still a nice amount of money.  Consider cashing out before it will only buy a new laptop.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
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bulanula
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September 11, 2011, 11:43:23 AM
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Consider cashing out before it will only buy a new laptop.

If the early adopters cash out then the value will drop to nearly 0.
grod
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September 11, 2011, 02:26:05 PM
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Consider cashing out before it will only buy a new laptop.

If the early adopters cash out then the value will drop to nearly 0.

Which means they'd be able to buy back in, get the same (or more coins) AND wind up with more dollars.  I don't see a downside.  The only ones out money in that scenario are the get rich quick speculators.

Someone just threw 100k on mtgox.  That was an excellent selling opportunity, but that cash is being grabbed fast.

I stopped mining, but if I hadn't I'd be selling into that "rally".  I don't have a very accurate estimate of how much total $ have ever gone into bitcoin, but using a model which assumes it's more profitable to buy than mine and assuming more $ was spent to buy bitcoins directly than provide the network it's going to be somewhere between 4 and 8 million.  So even if the LATE adopters cash out to pay for power and hardware it's going to be a bloodbath.

At a hair below $5/btc we're still talking over $35,000 a day to feed this beast.   Even if the vast majority of miners are content to be bagholders near term it's still BTC out there, available to be sold on the market.   Those miners may not wish to sell at $32, $24, $22, $17.5, $15, $14, $13, $11, $10, $9, $7, $5 but they may be willing to sell at $.10.

gw4tt
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September 11, 2011, 05:23:37 PM
 #19

Why even bother selling at $0.10. At that point i'd just keep my coins, and pick up a couple thousand as well.
mute20
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September 11, 2011, 05:28:18 PM
 #20

Why even bother selling at $0.10. At that point i'd just keep my coins, and pick up a couple thousand as well.

Logically it does not make sense ,but if you felt that the value of the coin could drop lower or to nothing you might be inclined to sell it. This is highly unlikely since simply you would sell it at a higher value lets say 1-2$. Some could be "stuck" if some how millions of coins where sold at once ,but I am sure the price would rebound.
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