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apsvinet
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April 19, 2014, 11:50:18 PM |
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everyone will sell everything to buy it when it reaches 1USD so no chance of 0.50USD  Sorry what? Is there some sort of typo in there that's making this statement very hard to comprehend? |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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April 20, 2014, 12:18:55 AM |
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We need a Fantasy board.
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Look inside yourself, and you will see that you are the bubble.
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apsvinet
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April 20, 2014, 12:19:51 AM |
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We need a Fantasy board.
It's already here, called Speculation. |
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Dr.Zaius
Newbie
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Activity: 28
Merit: 0
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April 20, 2014, 12:28:49 AM |
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What's the big deal? Miners create 200,000 BTC every 55 days.
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apsvinet
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April 20, 2014, 12:29:17 AM |
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What's the big deal? Miners create 200,000 BTC every 55 days.
Your point being? What does that statement have to do with the topic? |
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TwinWinNerD
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Activity: 1680
Merit: 1001
CEO Bitpanda.com
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April 20, 2014, 12:32:57 AM |
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Ok guys.
I make a BID:
200'000 BTC @ $1.00
So yeah, it will never flashcrash to this price!
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apsvinet
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April 20, 2014, 12:35:01 AM |
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Ok guys.
I make a BID:
200'000 BTC @ $1.00
So yeah, it will never flashcrash to this price!
And if it does, I'm right here, ready to buy buy buy till everything is restored back to normal.  |
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Dr.Zaius
Newbie
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Activity: 28
Merit: 0
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April 20, 2014, 12:35:10 AM |
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What's the big deal? Miners create 200,000 BTC every 55 days.
Your point being? What does that statement have to do with the topic? Considering the fact that miners conjure up bitstamps entire bidbook every 5 days and this hasn't crashed the price. The 200k gox coins are irrelevant. Second off, nobody will market dump 200k on Bitstamp. Why? Because bitstamp will never pay you out. Owners are already in flashy cars, while hitting withdrawals with AML/KYC excuses. Third off, this assumes no side fiat enters to provide bids. 200k coins is like what 48hrs of volume on some days? That is nothing. Fourth, this assumes Mt.Gox even had 200k BTC. Mt.Gox is posting theoretical balances from when bitcoin was worth a few penny's. Seriously the realistic victim losses are closer to $10-15million USD, nowhere near $100-500mil. Mt.Gox order books had what, 40k btc on them back in Spring 2013? By the end of the year it was closer to 20k btc. Are you really going to believe 180k BTC were idling around an exchange that has had warning signs for 8months prior? Bitcoin has also never had more then 50mil on all exchanges combined in available fiat bids, and that is being generous. Bitstamp is lucky to see over $10mil of active bids. Mt.Gox is old news. |
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johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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April 20, 2014, 12:49:14 AM |
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Not now, they hold it for decades and dump them all, that will hurt, by then it will destroy trillions of market value
However, if they indeed have that amount of bitcoin by then, they don't need to cash out. And I'm afraid the exchanges and banks won't allow that amount of cash flow either
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killinitsoftly
Member
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Activity: 81
Merit: 10
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April 20, 2014, 02:47:00 AM |
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Bitcoin wouldn't be $0.5 even if SHA-256 was completely cracked by the NSA.
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Wilhelm
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Activity: 1652
Merit: 1265
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April 20, 2014, 09:55:36 AM |
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Bitcoin wouldn't be $0.5 even if SHA-256 was completely cracked by the NSA.
Cracking SHA-256 would only allow you to insta-mine until all 21million are mined. |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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blackvoice
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Activity: 56
Merit: 0
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April 20, 2014, 11:01:29 AM |
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Foxpup
Legendary
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Activity: 4547
Merit: 3445
Vile Vixen and Miss Bitcointalk 2021-2023
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April 21, 2014, 03:07:27 AM |
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In light of OP's post, and my generous nature, I am announcing that I am purchasing EVERY available bitcoin at $1.00 each. This more than double OP's predicted value of bitcoin!
Ok guys.
I make a BID:
200'000 BTC @ $1.00
So yeah, it will never flashcrash to this price!
Oh, no you don't. No way I'm missing out on these cheap coins. I bid $1.25. |
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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Raystonn
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April 21, 2014, 04:36:09 AM |
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Bitcoin wouldn't be $0.5 even if SHA-256 was completely cracked by the NSA.
Cracking SHA-256 would only allow you to insta-mine until all 21million are mined. If this happened, the blockchain would be rolled back and frozen just prior to the first problematic block. A new proof of work would be incorporated into the Bitcoin protocol with a new version, and everything would continue. This would only be a temporary outage for a few hours. It would be much more problematic for miners, however. ASIC owners would need new hardware. GPU owners would run the game once again. |
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apsvinet
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April 21, 2014, 12:01:42 PM |
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What is bad news? Did you only read the OP and not the comments explaining why he's wrong? |
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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April 21, 2014, 12:59:48 PM |
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True story.
I just saw .50 USD/mBTC on bitcoinity.
This is what I thought when I read the topic title  |
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porcupine87
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April 21, 2014, 03:42:51 PM |
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Some people are too stupid. How many people would buy at 1$/btc? I would buy at least 1000. But noboby can know that. I don't make a buy order at that price at stamp for never getting filled. I would get no interest or gains for that $1000.
So, noboby can know how many coins needs to get dumped to get to such low prices. I would guess even if all states forbide it, we would not go below 1$. Ok, maybe Bitcoin gets surpassed my an more advanced technology in one day but so far Bitcoin has no real competitor in its field...
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"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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apsvinet
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April 21, 2014, 09:11:01 PM |
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Who said its a news.? its just fud..! Yuup, once again someone trying to deliberately make the price unstable by spreading rumors. |
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percocet
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April 21, 2014, 09:35:43 PM |
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haha there should be another sub-section in this section.. that will be called
"Wild Speculation" where members can post threads like this and threads claiming btc to 100k :p
+1! A call for 50 cents is too extreme for the regular speculation section  |
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apsvinet
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April 21, 2014, 09:40:22 PM |
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haha there should be another sub-section in this section.. that will be called
"Wild Speculation" where members can post threads like this and threads claiming btc to 100k :p
+1! A call for 50 cents is too extreme for the regular speculation section Haha I'd definitely vote for that section. Get all of the nut jobs out of the way from this section. |
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