some moron is basically giving bitcoins for free

[Robert Paulson]

time to load up some next to free bitcoins before the moron runs out of coins to sell.

[1713992774]

1713992774

[zeroday]

Panic mode on!
Hope to catch at $300

Guess that moron bought it at over $1k

[Xiaoxiao]

Panic mode on!
Hope to catch at $300

Guess that moron bought it at over $1k

You do understand that the dust is still settling right? 

[redhawk979]

Keep buying in folks.  Sunk_Cost_Fallacy.txt

http://en.wikipedia.org/wiki/Escalation_of_commitment

[exocytosis]

I'll laugh when all the bulltards and cultists start panic selling when we hit double digits.

Here's what the bulltards and cultists typically say:

"When we hit $xxx, I'll buy a ton of coins!!! Promise!!!! I'm just waiting for more weak hands to get shaken out!!!"

[Robert Paulson]

these posts will look great in a few years when bitcoin is in 5 digits.

[redhawk979]

these posts will look great in a few years when bitcoin is in 5 digits.

So will yours in about 3-4 weeks when we're pressing sub 200.

[Robert Paulson]

these posts will look great in a few years when bitcoin is in 5 digits.

So will yours in about 3-4 weeks when we're pressing sub 200.

who cares what happens in 3-4 weeks.

[matt4054]

We need to downsize both speculation and excessive mining basically exchanging at any rate and constantly, because they can't hoard at the current rate and need to pay for their expanses etc.

tl;dr: going down to 250 maybe worse, in short terms, and then reversing to whatever, we'll see. Bitcoin has seen it before

[jaberwock]

People saying it since the 600's.

Since we broke the 360's, the only graphical end is the pre-october levels, that is, sub 200.

[matt4054]

People saying it since the 600's.

Since we broke the 360's, the only graphical end is the pre-october levels, that is, sub 200.

You may still earn a few BTC in the meantime by selling now and buying back then aka shorting

Or not, yeah, HODL the **** up

[Odalv]

these posts will look great in a few years when bitcoin is in 5 digits.

So will yours in about 3-4 weeks when we're pressing sub 200.

$290 is impossible :-) ( ok, probability 0.00000001%)

[williamevanl]

these posts will look great in a few years when bitcoin is in 5 digits.

So will yours in about 3-4 weeks when we're pressing sub 200.

$290 is impossible :-) ( ok, probability 0.00000001%)

?! It was just at 308 on btce! People have to start wondering, maybe there's something you are all missing.

[Odalv]

these posts will look great in a few years when bitcoin is in 5 digits.

So will yours in about 3-4 weeks when we're pressing sub 200.

$290 is impossible :-) ( ok, probability 0.00000001%)

?! It was just at 308 on btce! People have to start wondering, maybe there's something you are all missing.

lol, no sane people will sell @$290 => I think there is not enough insane people who can drop price bellow $290 (they do not have enough bitcions)
 - calculate mining costs
 - count all sane users buying power

[abercrombie]

[BusyBeaverHP]

I don't know about everyone else, but this is my buying price target:



If it doesn't happen, I'll just have to catch something on the way up.

[MrBig]

time to load up some next to free bitcoins before the moron runs out of coins to sell.

Maybe the morons are the ones buying the coins for what they perceive as being free...

Just saying, it can go both ways.

[MichaelBliss]

I'll laugh when all the bulltards and cultists start panic selling when we hit double digits.

Here's what the bulltards and cultists typically say:

"When we hit $xxx, I'll buy a ton of coins!!! Promise!!!! I'm just waiting for more weak hands to get shaken out!!!"

Many people with more bitcoins than you can dream of yourself, will never panic sell, even if the price goes to zero.  There would have to be some serious issue with Bitcoin, not just a low price to induce panic selling amongst the Bitcoin believers.

[leopard2]

We need to downsize both speculation and excessive mining basically exchanging at any rate and constantly, because they can't hoard at the current rate and need to pay for their expanses etc.

tl;dr: going down to 250 maybe worse, in short terms, and then reversing to whatever, we'll see. Bitcoin has seen it before

about the mining:

a. there is a point when no new coins are generated, then this downward pressure will stop and price will explode

b. in the meantime, when prices drop badly, miners cannot afford to keep mining. Result: miners stop, hardware development stops, hash rate drops. Hashrate and price will reach a bottom. Fewer coins will be sold. Then, the cycle will be reset, and prices will climb again.

So a crash will cleanse out the weak hands, and the industrial mining as well, IMHO.

[twiifm]

We need to downsize both speculation and excessive mining basically exchanging at any rate and constantly, because they can't hoard at the current rate and need to pay for their expanses etc.

tl;dr: going down to 250 maybe worse, in short terms, and then reversing to whatever, we'll see. Bitcoin has seen it before

about the mining:

a. there is a point when no new coins are generated, then this downward pressure will stop and price will explode

b. in the meantime, when prices drop badly, miners cannot afford to keep mining. Result: miners stop, hardware development stops, hash rate drops. Hashrate and price will reach a bottom. Fewer coins will be sold. Then, the cycle will be reset, and prices will climb again.

So a crash will cleanse out the weak hands, and the industrial mining as well, IMHO.

So its a game of monopolizing useless internet funbux.  In the future it will be 21 guys who hold a million bitcoins each trading amongst themselves for $10K per coin.