BlackLung (OP)
Newbie
 Offline
Activity: 14
Merit: 0
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September 09, 2011, 06:47:04 PM |
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Is this the end?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Gerken
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September 09, 2011, 06:56:03 PM |
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God I hope it isn't the end, my tv shows arent back on the air yet.
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Dargo
Legendary
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Activity: 1820
Merit: 1000
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September 09, 2011, 07:01:18 PM |
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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. |
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chungenhung
Legendary
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Activity: 1134
Merit: 1005
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September 09, 2011, 07:16:09 PM |
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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. |
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fcmatt
Legendary
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Activity: 2072
Merit: 1001
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September 09, 2011, 07:20:51 PM |
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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. |
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Edward50
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September 11, 2011, 05:27:02 AM |
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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.
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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.
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shelbydz
Newbie
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Activity: 8
Merit: 0
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September 11, 2011, 05:56:19 AM |
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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 :-) |
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The_Duke
Sr. Member
Offline
Activity: 252
Merit: 250
Lead Core BitKitty Developer
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September 11, 2011, 06:49:07 AM |
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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?  |
NOT a member of the so called ''Bitcoin Foundation''. Choose Independence!
Donate to the BitKitty Foundation instead! -> 1Fd4yLneGmxRHnPi6WCMC2hAMzaWvDePF9 <-
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gochk
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September 14, 2011, 07:46:54 PM |
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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? |
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dree12
Legendary
Offline
Activity: 1246
Merit: 1077
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September 14, 2011, 10:33:21 PM |
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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. |
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TiagoTiago
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September 14, 2011, 10:37:12 PM |
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It will bounce back up, you'll see.
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(I dont always get new reply notifications, pls send a pm when you think it has happened) Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX  The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar! |
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Nagle
Legendary
Offline
Activity: 1204
Merit: 1000
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September 14, 2011, 11:42:15 PM |
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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. |
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Cosbycoin
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September 15, 2011, 12:32:59 AM |
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It will bounce back up, you'll see.
It already did that. Now it will bounce back down, you'll see. Then back up.... |
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Nagle
Legendary
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Activity: 1204
Merit: 1000
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September 15, 2011, 05:33:02 AM |
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*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. |
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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September 15, 2011, 05:54:51 AM |
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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. |
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Nagle
Legendary
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Activity: 1204
Merit: 1000
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September 15, 2011, 06:41:52 AM |
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If $5 USD is the Bitcoin Apocalypse, we're very close. $5.17 and dropping.
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Nagle
Legendary
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Activity: 1204
Merit: 1000
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September 15, 2011, 08:31:11 PM |
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We're there. $4.82 now.
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FreeMoney
Legendary
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Activity: 1246
Merit: 1014
Strength in numbers
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September 15, 2011, 09:32:57 PM |
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15 months ago I sure wasn't worried about bitcoin crashing back to $5, pretty strange year.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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conspirosphere.tk
Legendary
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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September 15, 2011, 09:44:32 PM |
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I'm riding the bitcopalypse all the way down to zero with my investments in HW and BTC near the top. Winning or nuthin.  BTW: What comes after "resignation" in the bubble cycle? |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 16, 2011, 02:25:09 AM |
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I'm riding the bitcopalypse all the way down to zero with my investments in HW and BTC near the top. Winning or nuthin.
BTW: What comes after "resignation" in the bubble cycle?
same here i'm going down with the ship... i could sell now and make a profit since i bought at 0.75$ but... theirs no honer in that .... i believe in bitcoin and so i must go down with the ship. |
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