Bitcoin Forum
December 06, 2016, 06:08:09 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: The Bitcoin Apocalypse 1BTC trading under $5 USD  (Read 4262 times)
BlackLung
Newbie
*
Offline Offline

Activity: 15


View Profile
September 09, 2011, 06:47:04 PM
 #1

Is this the end?

Cough... I've been down in these mines for too long... Cough...
1481047689
Hero Member
*
Offline Offline

Posts: 1481047689

View Profile Personal Message (Offline)

Ignore
1481047689
Reply with quote  #2

1481047689
Report to moderator
1481047689
Hero Member
*
Offline Offline

Posts: 1481047689

View Profile Personal Message (Offline)

Ignore
1481047689
Reply with quote  #2

1481047689
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481047689
Hero Member
*
Offline Offline

Posts: 1481047689

View Profile Personal Message (Offline)

Ignore
1481047689
Reply with quote  #2

1481047689
Report to moderator
1481047689
Hero Member
*
Offline Offline

Posts: 1481047689

View Profile Personal Message (Offline)

Ignore
1481047689
Reply with quote  #2

1481047689
Report to moderator
Gerken
Member
**
Offline Offline

Activity: 112



View Profile
September 09, 2011, 06:56:03 PM
 #2

God I hope it isn't the end, my tv shows arent back on the air yet. 

Dargo
Legendary
*
Offline Offline

Activity: 1554



View Profile
September 09, 2011, 07:01:18 PM
 #3

God I hope it isn't the end, my tv shows arent back on the air yet. 

Don't worry, even if it's the end of bitcoin, the bitcoin drama will continue for quite a while yet.
chungenhung
Legendary
*
Offline Offline

Activity: 1134


View Profile
September 09, 2011, 07:16:09 PM
 #4

probably become stable for a while around $4, there is a pretty sizeable bid wall there.
I agree, it should stop dropping around $4, as that is the cost for most people to produce them.

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
fcmatt
Legendary
*
Offline Offline

Activity: 1106


View Profile
September 09, 2011, 07:20:51 PM
 #5

probably become stable for a while around $4, there is a pretty sizeable bid wall there.
I agree, it should stop dropping around $4, as that is the cost for most people to produce them.


I do not think it was lowly miners causing the price to drop. It was people with massive amounts of
money that bought BTC or cheaply bought BTC (early adopters) that decided to just dump it all.

Miners do not all sell 15000K at once.. in a one hour period.

Larger players wanted out.
Edward50
Hero Member
*****
Offline Offline

Activity: 546



View Profile
September 11, 2011, 05:27:02 AM
 #6

Bitcoin was a very slow and gradual fall. Buyers just dried up. They do not think bitcoins are worth that much obviously. I think it is good that bitcoins are cheap, we can finally start to use them instead of hoarding them.


Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
shelbydz
Newbie
*
Offline Offline

Activity: 8


View Profile
September 11, 2011, 05:56:19 AM
 #7

Bitcoin was a very slow and gradual fall. Buyers just dried up. They do not think bitcoins are worth that much obviously. I think it is good that bitcoins are cheap, we can finally start to use them instead of hoarding them.



So, assuming the price levels out, this would be the best time to start buying :-)
The_Duke
Sr. Member
****
Offline Offline

Activity: 252


Lead Core BitKitty Developer


View Profile
September 11, 2011, 06:49:07 AM
 #8

probably become stable for a while around $4, there is a pretty sizeable bid wall there.

Haha, you weren't around when an 25k wall at 6$ got smashed like it was nothing? Cheesy

NOT a member of the so called ''Bitcoin Foundation''. Choose Independence!

Donate to the BitKitty Foundation instead! -> 1Fd4yLneGmxRHnPi6WCMC2hAMzaWvDePF9 <-
gochk
Full Member
***
Offline Offline

Activity: 137


View Profile
September 14, 2011, 07:46:54 PM
 #9

probably become stable for a while around $4, there is a pretty sizeable bid wall there.
I agree, it should stop dropping around $4, as that is the cost for most people to produce them.


I do not think it was lowly miners causing the price to drop. It was people with massive amounts of
money that bought BTC or cheaply bought BTC (early adopters) that decided to just dump it all.

Miners do not all sell 15000K at once.. in a one hour period.

Larger players wanted out.

One has to wonder why the early adopters and larger players are cashing out? Why are they wanting out? Do they know something the rest of us don't?
dree12
Legendary
*
Offline Offline

Activity: 1232



View Profile
September 14, 2011, 10:33:21 PM
 #10

probably become stable for a while around $4, there is a pretty sizeable bid wall there.
I agree, it should stop dropping around $4, as that is the cost for most people to produce them.


I do not think it was lowly miners causing the price to drop. It was people with massive amounts of
money that bought BTC or cheaply bought BTC (early adopters) that decided to just dump it all.

Miners do not all sell 15000K at once.. in a one hour period.

Larger players wanted out.

One has to wonder why the early adopters and larger players are cashing out? Why are they wanting out? Do they know something the rest of us don't?
They don't want to take any more risk. Since BTC has an low chance of going back up, they think that this "gambling" should come to an end.
TiagoTiago
Hero Member
*****
Offline Offline

Activity: 616


Firstbits.com/1fg4i                :Ƀ


View Profile
September 14, 2011, 10:37:12 PM
 #11

It will bounce back up, you'll see.

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
Nagle
Legendary
*
Offline Offline

Activity: 1204


View Profile WWW
September 14, 2011, 11:42:15 PM
 #12

One has to wonder why the early adopters and larger players are cashing out? Why are they wanting out? Do they know something the rest of us don't?

The real question is why would anyone with a lot of bitcoins still be in.
Cosbycoin
Full Member
***
Offline Offline

Activity: 140


View Profile
September 15, 2011, 12:32:59 AM
 #13

It will bounce back up, you'll see.

It already did that. Now it will bounce back down, you'll see. Then back up....
Nagle
Legendary
*
Offline Offline

Activity: 1204


View Profile WWW
September 15, 2011, 05:33:02 AM
 #14

*wonders if this was the same kind of discussions had when the first stock/commodities markets emerged?....*
No. Stock markets emerged because there was a need to get enough capital together to  build or do something bigger than one person could afford, like a ship or a railroad. Commodity markets emerged so that farmers who wanted to know the price of their crops before planting them could buy options to protect themselves against price drops, and, on the other side. 
Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
September 15, 2011, 05:54:51 AM
 #15

One has to wonder why the early adopters and larger players are cashing out? Why are they wanting out? Do they know something the rest of us don't?

The real question is why would anyone with a lot of bitcoins still be in.

People with lots of bitcoins would still be in if they expect the future price to be higher than today.  Watch for mass panic selling if those with substantial bitcoin holdings independently decide 'this is as good as it gets' and decide to bail out while their bit fortunes are still worth something. 

No matter how libertarian one's views are (and how much they detest fiat currencies), I suspect they would sell up now if they thought bitcoins would continue their slide towards parity with the US dollar.  They can always buy more later on and enjoy even more freedom.



Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Nagle
Legendary
*
Offline Offline

Activity: 1204


View Profile WWW
September 15, 2011, 06:41:52 AM
 #16

If $5 USD is the  Bitcoin Apocalypse, we're very close. $5.17 and dropping.
Nagle
Legendary
*
Offline Offline

Activity: 1204


View Profile WWW
September 15, 2011, 08:31:11 PM
 #17

We're there. $4.82 now.
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
September 15, 2011, 09:32:57 PM
 #18

15 months ago I sure wasn't worried about bitcoin crashing back to $5, pretty strange year.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
conspirosphere.tk
Legendary
*
Offline Offline

Activity: 1862


Revolution will be decentralized


View Profile WWW
September 15, 2011, 09:44:32 PM
 #19

I'm riding the bitcopalypse all the way down to zero with my investments in HW and BTC near the top. Winning or nuthin.



BTW: What comes after "resignation" in the bubble cycle?

adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
September 16, 2011, 02:25:09 AM
 #20

I'm riding the bitcopalypse all the way down to zero with my investments in HW and BTC near the top. Winning or nuthin.

BTW: What comes after "resignation" in the bubble cycle?

same here i'm going down with the ship... i could sell now and make a profit since i bought at 0.75$ but... theirs no honer in that .... i believe in bitcoin and so i must go down with the ship.

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!