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Author Topic: The Collapse of Bitcoin Price and Why You Shouldn't Care  (Read 4832 times)
Party Hard
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October 16, 2011, 09:13:48 PM
 #41

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.

Ladies ladies, one at a time.
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March 14, 2015, 05:50:08 PM
 #42

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.
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March 14, 2015, 06:13:21 PM
 #43

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  Tongue

30k * $285 = $8,500,000 USD   
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March 14, 2015, 06:21:09 PM
 #44

Tell that to Tim Draper
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March 14, 2015, 06:27:16 PM
 #45

Tell that to Tim Draper

Tim Draper knows that bitcoin will be worth $10k in future. :-)
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March 14, 2015, 06:28:20 PM
 #46

He "knows", but I'd say it's more realistic than his other dream, the balkanization of California.
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March 14, 2015, 06:30:14 PM
 #47

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  Tongue

30k * $285 = $8,500,000 USD  

EM should be rich. Instead he is still bashing away!
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March 14, 2015, 06:30:55 PM
 #48

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

Like you 'knew' in 2011?
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March 14, 2015, 06:32:22 PM
 #49

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. Grin
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