Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2014, 10:24:57 PM |
|
Don't worry, whatever is going on is mostly harmless.
I don't get the dumping idea. If I had thousands of coins I would wait for businesses to open that don't convert them to fiat. It's sure to happen within a few years.
First, trading makes sense if you want to increase your holdings. Second, it will be a very long time before anything beyond a small business holds onto their Bitcoins. If you have ever run a business, you'd understand why very quickly. All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
traderCJ
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2014, 10:42:43 PM |
|
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen.
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2014, 10:46:20 PM |
|
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen. Overstock CEO holds bitcoin. That's the first step. People are being paid in bitcoins already. It's already started.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
traderCJ
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2014, 10:51:27 PM |
|
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen. Overstock CEO holds bitcoin. That's the first step. People are being paid in bitcoins already. It's already started. He personally holds Bitcoin. Overstock itself does not hold Bitcoin reserves. It would be irresponsible to do so when vendors, employees, contractors, lenders, etc. expect prompt payment in fiat.
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2014, 10:54:25 PM |
|
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen. Overstock CEO holds bitcoin. That's the first step. People are being paid in bitcoins already. It's already started. He personally holds Bitcoin. Overstock itself does not hold Bitcoin reserves. It would be irresponsible to do so when vendors, employees, contractors, lenders, etc. expect prompt payment in fiat. Again. People are being paid in bitcoin. It's a small number now, and may only be small businesses, but that's how it begins. And nothing is more prompt than bitcoin. Even handing over a stack of money takes longer than a bitcoin transaction.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
traderCJ
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2014, 11:04:19 PM |
|
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen. Overstock CEO holds bitcoin. That's the first step. People are being paid in bitcoins already. It's already started. He personally holds Bitcoin. Overstock itself does not hold Bitcoin reserves. It would be irresponsible to do so when vendors, employees, contractors, lenders, etc. expect prompt payment in fiat. Again. People are being paid in bitcoin. It's a small number now, and may only be small businesses, but that's how it begins. And nothing is more prompt than bitcoin. Even handing over a stack of money takes longer than a bitcoin transaction. You're missing the point. I'm not debating the merits of Bitcoin. Full vertical integration in run-of-the-mill businesses isn't "as little as a year off", not even close. A few decades? Sure, that's possible. Between now and then, Bitcoin is an alternative to credit cards and bank accounts.
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2014, 11:14:12 PM |
|
All it would take is for your suppliers to accept bitcoin as payment. It could be as little as a year off before that starts happening on a scale large enough to be noticed, and eventually we will have a functioning bitcoin economy without any need to involve fiat.
With all due respect, you must be fucking high. It will take decades for something like this to happen. Overstock CEO holds bitcoin. That's the first step. People are being paid in bitcoins already. It's already started. He personally holds Bitcoin. Overstock itself does not hold Bitcoin reserves. It would be irresponsible to do so when vendors, employees, contractors, lenders, etc. expect prompt payment in fiat. Again. People are being paid in bitcoin. It's a small number now, and may only be small businesses, but that's how it begins. And nothing is more prompt than bitcoin. Even handing over a stack of money takes longer than a bitcoin transaction. You're missing the point. I'm not debating the merits of Bitcoin. Full vertical integration in run-of-the-mill businesses isn't "as little as a year off", not even close. A few decades? Sure, that's possible. Between now and then, Bitcoin is an alternative to credit cards and bank accounts. Didn't say it would be fully realized in a year. I said it could begin to be noticeable in as little as a year. Once it begins it will only keep growing, just a question of when we get there. And I don't think it will be decades.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
jonald_fyookball (OP)
Legendary
Offline
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2014, 11:16:21 PM |
|
This was a crash ? Hardly saw any movement in the price
its been creeping down steadily from $640.... not much swings, just down down down... which leads me to believe there's a large seller
|
|
|
|
TERA
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 20, 2014, 11:48:18 PM |
|
Currently price is dropping because gox coins being dumped on the market. No proof, just my opinion based on the price action.
Not enough volume.
|
|
|
|
traderCJ
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 12:15:12 AM |
|
Currently price is dropping because gox coins being dumped on the market. No proof, just my opinion based on the price action.
Not enough volume. Sure it is, nothing says all the coins have to get dumped in one fell swoop and certainly not by a single entity. Perhaps this is simply a prelude ..
|
|
|
|
TERA
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 12:26:03 AM |
|
Currently price is dropping because gox coins being dumped on the market. No proof, just my opinion based on the price action.
Not enough volume. Sure it is, nothing says all the coins have to get dumped in one fell swoop and certainly not by a single entity. Perhaps this is simply a prelude .. With this tiny volume, prices can be going down simply because of a lack of buying - there doesn't have to be a huge seller. Given that most of the volume on any exchange is daytraders, I don't think there's even enough volume to buy the 3,600 coins that are mined per day, and prices are just slowly bleeding out. I have never seen such a consistent low volume accompany a decline in bitcoin before - it is looking really bad. There's just no interest for some reason. If someone was actually dumping a load of coins, at any rate, the decline would be a lot worse, and you would see more volume to accompany it.
|
|
|
|
chessnut
Legendary
Offline
Activity: 924
Merit: 1001
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 12:48:03 AM |
|
yeah I second that, the liquidity has been significantly low for a couple of weeks now. I dare say if the lack of demand is genuine, and even the larger investors have walked away, we are heading to new lows (only briefly)
|
|
|
|
MOB
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 02:18:01 AM |
|
I am sure if you wait about 24 more hours you will get some large dumps. $500 soon!
|
|
|
|
Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 02:44:51 AM |
|
No panic here, BTC is on sale this week.
|
|
|
|
traderCJ
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 03:02:32 AM |
|
No panic here, BTC is on sale this week. Was it on sale at $800? $700? $400?
|
|
|
|
TERA
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 03:04:03 AM |
|
No panic here, BTC is on sale this week. Was it on sale at $800? $700? $400? According to some people here, btc is always on sale until it reaches $1,000,000
|
|
|
|
jtsnau
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 84
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 03:04:42 AM |
|
|
|
|
|
Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 03:05:04 AM |
|
No panic here, BTC is on sale this week. Was it on sale at $800? $700? $400? For long-term traders, maybe/somewhat. For traders who enjoy a 10 to 20% profit ASAP = YES! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
Swordsoffreedom
Legendary
Offline
Activity: 2870
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 07:23:49 AM |
|
That Zombie Chase Image
That Zombie pic totally impressed me also Damn ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
crazy987
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 21, 2014, 07:24:51 AM |
|
Good time to buy low btw. Oh well, it will go up again
|
|
|
|
|