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osmosis
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October 06, 2011, 05:05:50 AM |
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As soon as enough traders become convinced it will not move, it will move.
I have quite a few grand that finally transferred into Dwolla a week or two ago. Usually I buy right away, but I'm now one of those waiting to be convinced it won't move before I help move it... (The Dwolla lady that called me, wondering what the heck, and verifying my identity, sounded very nice. I just hope Dwolla doesn't get Goxed) I know! I have met dozens and dozens of people like you! I love your type...all waiting on standby. The slightest up move, and BOOM! Up we go. How much will the number of people invested in bitcoin grow? 10x maybe. 100x?? |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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zby
Legendary
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Activity: 1592
Merit: 1001
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October 06, 2011, 06:53:08 AM |
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As soon as enough traders become convinced it will not move, it will move.
I have quite a few grand that finally transferred into Dwolla a week or two ago. Usually I buy right away, but I'm now one of those waiting to be convinced it won't move before I help move it... (The Dwolla lady that called me, wondering what the heck, and verifying my identity, sounded very nice. I just hope Dwolla doesn't get Goxed) But you are not selling what you have yet? |
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cbeast
Donator
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Activity: 1736
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Let's talk governance, lipstick, and pigs.
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October 06, 2011, 07:15:57 AM |
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If BTC does rally again, how fast *can* it rise? There has never been anything like bitcoin before. Jumping to $30 for a day was interesting, but climbing from $0.008 to $5-10 in a year was more interesting. Can it climb 4 more decimal places in the next year?
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Cluster2k
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Activity: 1692
Merit: 1018
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October 06, 2011, 07:41:37 AM |
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Bitcoin is currently rallying to $4.60 from about $4.90. Seems to have found some support for the time being.
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Tronlet
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October 06, 2011, 07:59:35 AM |
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Pardon, but what?  (accurate within a minute of this post date) |
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saadtariq30
Member
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Activity: 107
Merit: 10
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October 06, 2011, 08:05:26 AM |
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Pardon, but what? (accurate within a minute of this post date) So it moved..it was bound to..i just turned off my miners since i cant stand the noise anymore..i could at $5 but lol not at $4.5 :p..anyway its not surprising though..the price always falls a little after some bad news(another exchange getting hacked) |
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Tronlet
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October 06, 2011, 08:12:36 AM |
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So it moved..it was bound to..i just turned off my miners since i cant stand the noise anymore..i could at $5 but lol not at $4.5 :p..anyway its not surprising though..the price always falls a little after some bad news(another exchange getting hacked)
Which exchange this time? |
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saadtariq30
Member
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Activity: 107
Merit: 10
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October 06, 2011, 08:16:45 AM |
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So it moved..it was bound to..i just turned off my miners since i cant stand the noise anymore..i could at $5 but lol not at $4.5 :p..anyway its not surprising though..the price always falls a little after some bad news(another exchange getting hacked)
Which exchange this time? bitcoin7...they lost the entire user database+2 of their 3 wallets...and i wont be surprised if the price gets pushed down further due to the stolen coins being dumped |
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wobber
Legendary
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Activity: 1064
Merit: 1001
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October 06, 2011, 08:26:03 AM |
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Did they say how many bitcoins were stolen? damn! Price is DOWN!
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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saadtariq30
Member
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Activity: 107
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October 06, 2011, 08:30:14 AM |
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i sold out at $4.9..ill buy back when we hit the new low
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wobber
Legendary
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Activity: 1064
Merit: 1001
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October 06, 2011, 08:31:39 AM |
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Lower than 4.18? Bluff?
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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saadtariq30
Member
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Activity: 107
Merit: 10
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October 06, 2011, 08:35:12 AM |
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Lower than 4.18? Bluff?
who knows...im sure you've noticed how the bid walls just disappear after getting hit right? |
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Tronlet
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October 06, 2011, 08:47:54 AM |
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That's a shame, I thought bitcoin7 was a definite scam at first but they turned out to be an alright site. Still, not surprised they eventually got hit. Their professionalism wasn't on the same level at all.
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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October 06, 2011, 09:33:01 AM |
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That's a shame, I thought bitcoin7 was a definite scam at first but they turned out to be an alright site. Still, not surprised they eventually got hit. Their professionalism wasn't on the same level at all.
It's a shame that a distributed, controlled by no one currency has a real Achille's Heal in the exchanges. Every time an exchange gets hacked and its coins stolen we see a mass sell off of bitcoins and a hit to investor confidence. If someone would manage to gain access to MtGox's stash then it's all over red rover, the thief would have enough bitcoins to keep the price depressed for years. They've tried before, I'm sure they'll try again. It's only a matter of time. |
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wobber
Legendary
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Activity: 1064
Merit: 1001
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October 06, 2011, 09:54:50 AM |
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You have a point here. But so far MtGog is not emptygoxed
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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Bigpiggy01
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October 06, 2011, 10:29:35 AM |
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Actually Mt Gox is starting to look slightly like a Tsunami waiting to happen  |
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wobber
Legendary
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Activity: 1064
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October 06, 2011, 10:53:08 AM |
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What do you mean?
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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zby
Legendary
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Activity: 1592
Merit: 1001
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October 06, 2011, 11:08:15 AM |
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What do you mean?
It's gone. |
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Bigpiggy01
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October 06, 2011, 11:10:02 AM |
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A few minutes ago the bid side had definite tsunami like qualities with just a piddly blue line:  |
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speeder
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October 06, 2011, 11:21:54 AM |
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How to lose money on bitcoinica: Put a stop loss at 4.76 Change your mind, and remove that stop loss. Get a surprise sale liquidate your position at 4.4  |
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