The Collapse of Bitcoin Price and Why You Shouldn't Care

[Party Hard]

He is so desparate that he put up over a 30,000 bitcoin bid wall on mt. gox at the 4.45-4.50 range. This is his last efforts to protect a fall into the 3's.

So, how do you know it is 1 person putting in a bid wall? If it was 1 person wouldn't they just put all them at 1 price?

How do you know it isn't a lady? Or a robot?

Maybe I'm missing something, but most of this seems rantish and unsubstantiated.

[Raystonn]

This thread is a marvelous lesson to those prophesizing the death of Bitcoin today.  This is from about 3 years 5 months ago, when price had dropped from $31.91 to $2.04.  The arguments sound very similar to those made today.

That $2.04 low would never be seen again.  Price hit $7.22 just 2.5 months later, $15.40 another 8.5 months after that, and $266 about 6 months after that.  When despair sets in, sit tight, hodl, and buy.

[Odalv]

Don't you think that anyone possessing 30k BTC would more likely have mined them early on?
Do you really think there is someone spent half a million USD to buy them?

That sounds even more ridiculous but don't let me interrupt you circle jerking  

30k * $285 = $8,500,000 USD   

[ElectricMucus]

Tell that to Tim Draper

[Odalv]

Tell that to Tim Draper

Tim Draper knows that bitcoin will be worth $10k in future. :-)

[ElectricMucus]

He "knows", but I'd say it's more realistic than his other dream, the balkanization of California.

[inca]

Tell that to Tim Draper

Don't you think that anyone possessing 30k BTC would more likely have mined them early on?
Do you really think there is someone spent half a million USD to buy them?

That sounds even more ridiculous but don't let me interrupt you circle jerking  

30k * $285 = $8,500,000 USD  

EM should be rich. Instead he is still bashing away!

[inca]

He "knows", but I'd say it's more realistic than his other dream, the balkanization of California.

Like you 'knew' in 2011?

[ElectricMucus]

He "knows", but I'd say it's more realistic than his other dream, the balkanization of California.

Like you 'knew' in 2011?

Did I post anything of the sort? But hell yea take your time and skim through my 7977 other posts.