pepo (OP)
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Activity: 86
Merit: 10
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February 10, 2014, 11:11:50 AM |
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Shit fuck
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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rohnearner
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February 10, 2014, 12:26:50 PM |
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Shit fuck
Lol one more panic attack ..! BTC's are more thrilling then roller coaster ride, it depends on you whether you enjoy the ride or not..! |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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February 10, 2014, 01:46:55 PM |
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Shit fuck
Lol one more panic attack ..! BTC's are more thrilling then roller coaster ride, it depends on you whether you enjoy the ride or not..! I agree that it's a thrilling ride, but I think the rider's enjoyment is greatly influenced on where they boarded the roller coaster. If your entry point is below $100 then I expect you enjoy the ride very much, If you got on at somewhere over 800, then it might not be so much fun. |
"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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SquallLeonhart
Legendary
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Activity: 2338
Merit: 1101
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February 10, 2014, 01:52:16 PM |
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Shit fuck
As usual, all panic only last like few hours.. |
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jcoin200
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February 10, 2014, 02:16:04 PM |
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So is this the new norm? Look for "bad news", price crashes temporarily, and then goes back up 10-15% in a matter of hours? Seems like its been happening frequently in the last few weeks.
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timmmers
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February 10, 2014, 02:33:15 PM |
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So is this the new norm? Look for "bad news", price crashes temporarily, and then goes back up 10-15% in a matter of hours? Seems like its been happening frequently in the last few weeks.
Yes it has, but it hasn't risen back to where it was like it used to. Volumes of transactions are very low, larger numbers of companies accept bitcoin now as payment but are actually exchanging them for currency via Bitpay or similar and actually selling the bitcoins in reality. There's not going to be much incentive to mine them soon if their value drops to the region where a 10k rig doesn't stand a chance to break even, a lot of big ASICs wont even pay their power bills...then we'll have the rollercoaster on mining too as difficulty rises and falls. Tough times, and they won't get better by us thinking they will. |
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JamesALState
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Activity: 4
Merit: 0
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February 10, 2014, 03:43:07 PM |
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So is this the new norm? Look for "bad news", price crashes temporarily, and then goes back up 10-15% in a matter of hours? Seems like its been happening frequently in the last few weeks.
Yes it has, but it hasn't risen back to where it was like it used to. Volumes of transactions are very low, larger numbers of companies accept bitcoin now as payment but are actually exchanging them for currency via Bitpay or similar and actually selling the bitcoins in reality. There's not going to be much incentive to mine them soon if their value drops to the region where a 10k rig doesn't stand a chance to break even, a lot of big ASICs wont even pay their power bills...then we'll have the rollercoaster on mining too as difficulty rises and falls. Tough times, and they won't get better by us thinking they will. So you're saying not to buy in....I recently bought in at 800, and sold around 720. Would you recommend waiting until Wednesday to decide? |
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BitChick
Legendary
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Activity: 1148
Merit: 1001
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February 10, 2014, 04:16:32 PM |
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Where's Rpietila? He can say "I told you so."  I guess the good news is that in spite of the panic selling because of Gox we are back near $700. If someone asked if Gox closing would cause the price to drop to only $700 I would have been surprised. It shows that the price has some tremendous support even with all the growing pains. Hopefully with these "kinks" being worked out more secure and professional exchanges will emerge. Time will tell. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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s_s
Newbie
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Activity: 43
Merit: 0
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February 10, 2014, 05:47:08 PM |
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So is this the new norm? Look for "bad news", price crashes temporarily, and then goes back up 10-15% in a matter of hours? Seems like its been happening frequently in the last few weeks.
Yes it has, but it hasn't risen back to where it was like it used to. Volumes of transactions are very low, larger numbers of companies accept bitcoin now as payment but are actually exchanging them for currency via Bitpay or similar and actually selling the bitcoins in reality. There's not going to be much incentive to mine them soon if their value drops to the region where a 10k rig doesn't stand a chance to break even, a lot of big ASICs wont even pay their power bills...then we'll have the rollercoaster on mining too as difficulty rises and falls. Tough times, and they won't get better by us thinking they will. So you're saying not to buy in....I recently bought in at 800, and sold around 720. Would you recommend waiting until Wednesday to decide? Buy high...sell low. That isn't a very solid long-term investment strategy. |
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TPN
Full Member
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Activity: 193
Merit: 100
How did it get so late, so soon?
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February 10, 2014, 06:06:27 PM |
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Can we have a drop to 300$?
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timmmers
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February 10, 2014, 06:28:04 PM |
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The number of transactions crashing isn't gox, https://coinbase.com/charts look at that dive. More than halved in less than a week, in a time period when so many retailers have now started to accept bitcoins. |
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rohnearner
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February 10, 2014, 06:33:12 PM |
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Can we have a drop to 300$?
it can fall , all everyone should keep in mind is " hope for the best and prepare for the best " so lets see where it leads to..! but yeah it can fall to 300$ it already went down to some 100$ for few secs @btc-e..! |
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asfbhero
Newbie
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Activity: 48
Merit: 0
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February 10, 2014, 08:01:36 PM |
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It fell cause mt. gox said bitcoin was fatally flawed (i think to push the price down to save their own asses), or just to try and save face. Then It was revealed that the "problem" has been known since 2011, and mt. gox was modifying 0 confirmation transactions and fucked them selves. Once that news came out BTC immediately reversed. I bought on the news that mt gox was full of shit.
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CryptoPanda
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February 12, 2014, 11:24:55 AM |
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I say it will be $5000 by the end of 2014.
Please remember my words and PM me with curses if it doesn't happen.
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hostmaster
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February 12, 2014, 11:27:54 AM |
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just ignore MTGOX btc-e.com shows more real value
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leannemckim46
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February 12, 2014, 12:01:54 PM |
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Buy buy buy before it went up..
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zachcope
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February 12, 2014, 12:53:47 PM |
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When we get to 5 figure dollar/BTC prices no one will be able to say they didn't have the chance to buy some. Bitcoin keeps giving opportunities for people to buy in. The believers will be rewarded.... BTCBTCBTCBTCBTC  |
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TrollboxChamp
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February 12, 2014, 04:38:56 PM |
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When we get to 5 figure dollar/BTC prices no one will be able to say they didn't have the chance to buy some. Bitcoin keeps giving opportunities for people to buy in. The believers will be rewarded.... BTCBTCBTCBTCBTC Great point. I try to get my mom to buy some. She bought 5 at 525 sold them at 825 for a quick profit. She trades municipal bonds. Now she wont buy back in. She didnt listen to me at google IPO and shes not listening now  |
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Chef Ramsay
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Activity: 1568
Merit: 1001
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February 12, 2014, 11:36:45 PM |
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Chef Ramsay
Legendary
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Activity: 1568
Merit: 1001
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February 12, 2014, 11:41:14 PM |
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take your pick  |
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apsvinet
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February 13, 2014, 02:25:48 AM |
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Shit fuck
It'll go back up again, and crash again, and go up again (…) Don't worry brah. |
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_Miracle
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February 13, 2014, 02:43:05 AM |
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Shit fuck
Lol one more panic attack ..! BTC's are more thrilling then roller coaster ride, it depends on you whether you enjoy the ride or not..! I agree that it's a thrilling ride, but I think the rider's enjoyment is greatly influenced on where they boarded the roller coaster. If your entry point is below $100 then I expect you enjoy the ride very much, If you got on at somewhere over 800, then it might not be so much fun. If a person got in at $800. and believed in it enough at that point to put in that type of investment: they should be happy to have the opportunity to buy more at this discounted price. |
There 'used' to be more truth in forums than anywhere else. Twitter: @cryptobitchicks Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?" INTJ-A
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AndOneBtc
Newbie
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Activity: 13
Merit: 0
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February 13, 2014, 03:08:04 AM |
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polarhei
Sr. Member
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Activity: 462
Merit: 250
Firing it up
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February 13, 2014, 03:11:31 PM |
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currently, using contract for analysis, still profitable
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biodieselchris
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February 13, 2014, 04:58:39 PM |
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it's fucking gox who couldn;t get their shit together. They suck immeasurably. I mean 2-3 years as the world's biggest exchange. Come on!
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samsonn25
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February 13, 2014, 08:00:12 PM |
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$465 now on Gox
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af_newbie
Legendary
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Activity: 2688
Merit: 1468
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February 13, 2014, 09:36:15 PM |
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The number of transactions crashing isn't gox, https://coinbase.com/charts look at that dive. More than halved in less than a week, in a time period when so many retailers have now started to accept bitcoins. It depends where you look http://www.coindesk.com/data/bitcoin-daily-transactions/https://blockchain.info/charts/n-transactionsbut, the selling pressure continues...relentless, it does not matter what exchange, same thing, bids 500-1500 taken out like there is no tomorrow. Goes into oversold, bounces a little, and back to down ride...Looks like everyone wants to get out... 458 on mtgox, 602 on stamp |
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flounderella
Sr. Member
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Activity: 350
Merit: 250
Bitcoin Evengelist
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February 13, 2014, 10:07:42 PM |
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If you look at the weekly chart, really heavy distribution going on for the 5th week now. Lots of people unloading a lot of BTCs for which there are just no buyers.
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af_newbie
Legendary
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Activity: 2688
Merit: 1468
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February 13, 2014, 10:37:37 PM |
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If you look at the weekly chart, really heavy distribution going on for the 5th week now. Lots of people unloading a lot of BTCs for which there are just no buyers.
When in doubt, blame Russians... |
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Revolution
Full Member
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Activity: 140
Merit: 101
Trading BTC, looking for amazon cards
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February 14, 2014, 03:06:12 PM |
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If you look at the weekly chart, really heavy distribution going on for the 5th week now. Lots of people unloading a lot of BTCs for which there are just no buyers.
When in doubt, blame Russians... ^This. But to be honest its everything combined + dumps from panicking people right? |
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seafarer124
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February 15, 2014, 06:32:03 AM |
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Sell high & buy low. good opportunity right now.
Repeat, each time. Use limit orders.
Cancel limit orders to sell before going to bed. If you do not cancel and the sell order triggers when sleeping and price increases you have lost the opportunity to sell at a higher price.
Do not cancel limit buy orders before going to bed. Keep limit buy orders at a good low price and see how lucky you are in the morning.
Your average buy price will reduce and your holding will increase.
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