ElectricMucus
Legendary
 Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 12, 2013, 10:14:23 PM |
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Let's see how many times we can bubble and crash in 2013.
lol i agree. this is quite interesting You are evil bastards you know that?  |
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Hawkix
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April 12, 2013, 10:15:41 PM |
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I feel that just THIS makes me strong bull again ..  friedcat presented USB powered mini ASIC running 300MH/sec. That's what I call DECENTRALIZATION. |
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Zomdifros
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April 12, 2013, 10:15:43 PM |
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While we were talking about all the crazy things happening at the exchanges, did anyone notice the price almost doubled today? Nice to see it in three digits again.
So basically we learnt nothing from the last time we had rapid price increases? Gotcha. The only thing we had to learn was that the whole sell-off was completely irrational and overdone. Bitcoin has the potential to turn markets on its head and is going to be worth billions upon billions of dollars in the nearby future. Since it had to start at zero, a huge price increase has always been inevitable. There never has been a single good reason for the market to go down, other than a stupid, irrational panic. |
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Gordonium
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April 12, 2013, 10:18:01 PM |
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While we were talking about all the crazy things happening at the exchanges, did anyone notice the price almost doubled today? Nice to see it in three digits again.
So basically we learnt nothing from the last time we had rapid price increases? Gotcha. The only thing we had to learn was that the whole sell-off was completely irrational and overdone. Bitcoin has the potential to turn markets on its head and is going to be worth billions upon billions of dollars in the nearby future. Since it had to start at zero, a huge price increase has always been inevitable. There never has been a single good reason for the market to go down, other than a stupid, irrational panic. +1 |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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April 12, 2013, 10:18:08 PM |
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Let's see how many times we can bubble and crash in 2013.
What we need is speculators who are better at their job. What we need is infrastructure that can support growth. We don't have that right now, and without, the price might bubble up, but single digits are always on the horizon. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Rockford
Member
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Activity: 87
Merit: 10
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April 12, 2013, 10:18:47 PM |
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While we were talking about all the crazy things happening at the exchanges, did anyone notice the price almost doubled today? Nice to see it in three digits again.
So basically we learnt nothing from the last time we had rapid price increases? Gotcha. The only thing we had to learn was that the whole sell-off was completely irrational and overdone. Bitcoin has the potential to turn markets on its head and is going to be worth billions upon billions of dollars in the nearby future. Since it had to start at zero, a huge price increase has always been inevitable. There never has been a single good reason for the market to go down, other than a stupid, irrational panic. +1 you summarized it very well |
bribe money: 1LhsDpG6W3JLzGAYqkMYSBEeHb6bpYL74r
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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April 12, 2013, 10:19:20 PM |
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Let's see how many times we can bubble and crash in 2013.
What we need is speculators who are better at their job. What we need is infrastructure that can support growth. We don't have that right now, and without, the price might bubble up, but single digits are always on the horizon. Hey dude I like your song  |
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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April 12, 2013, 10:23:12 PM |
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The only thing we had to learn was that the whole sell-off was completely irrational and overdone. Bitcoin has the potential to turn markets on its head and is going to be worth billions upon billions of dollars in the nearby future. Since it had to start at zero, a huge price increase has always been inevitable. There never has been a single good reason for the market to go down, other than a stupid, irrational panic.
[/quote]
Exactly. And as I mentioned in another thread, these last couple months have brought even more 'true believers' into the fold than we've ever had before. A whole new generation who are not immensely bothered by this correction. Yes, more get rich quick and newbs flooded in also but when they run away (and they won't ALL run), the new true believers will remain, and continue to grow the community and the price.
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Kazu
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April 12, 2013, 10:23:32 PM |
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How about this time, rather than BUY BUY BUY OMG ITS DOUBLING we buy what we actually NEED, and then DON'T panic sell?
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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April 12, 2013, 10:25:29 PM |
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The only thing we had to learn was that the whole sell-off was completely irrational and overdone. Bitcoin has the potential to turn markets on its head and is going to be worth billions upon billions of dollars in the nearby future. Since it had to start at zero, a huge price increase has always been inevitable. There never has been a single good reason for the market to go down, other than a stupid, irrational panic.
Exactly. And as I mentioned in another thread, these last couple months have brought even more 'true believers' into the fold than we've ever had before. A whole new generation who are not immensely bothered by this correction. Yes, more get rich quick and newbs flooded in also but when they run away (and they won't ALL run), the new true believers will remain, and continue to grow the community and the price. [/quote] There are absolutely reasons for the market to go down, and stay down - namely, the weak infrastructure built on top of bitcoin. It simply is not ready for prime time, and will not be ready for a long time to come. The system is overloaded, and the only way for it to go in this state is down. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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April 12, 2013, 10:27:20 PM |
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The only thing we had to learn was that the whole sell-off was completely irrational and overdone. Bitcoin has the potential to turn markets on its head and is going to be worth billions upon billions of dollars in the nearby future. Since it had to start at zero, a huge price increase has always been inevitable. There never has been a single good reason for the market to go down, other than a stupid, irrational panic.
Exactly. And as I mentioned in another thread, these last couple months have brought even more 'true believers' into the fold than we've ever had before. A whole new generation who are not immensely bothered by this correction. Yes, more get rich quick and newbs flooded in also but when they run away (and they won't ALL run), the new true believers will remain, and continue to grow the community and the price. There are absolutely reasons for the market to go down, and stay down - namely, the weak infrastructure built on top of bitcoin. It simply is not ready for prime time, and will not be ready for a long time to come. The system is overloaded, and the only way for it to go in this state is down. [/quote] It will also go up. Long term could be anything. Short term it will bounce all over the fucking place. |
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DougTanner
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April 12, 2013, 10:30:16 PM |
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Current bull trap is over, PANIC SELL TIME Edit: Or not. What is everyone feeling for this weekend? No more fiat incoming for 48 hours.  |
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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April 12, 2013, 10:34:33 PM |
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Current bull trap is over, PANIC SELL TIME
Gimme cheap coinz... Too bad it won't go below $97 for more than 5 minutes  |
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Kazu
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April 12, 2013, 10:40:46 PM |
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There are absolutely reasons for the market to go down, and stay down - namely, the weak infrastructure built on top of bitcoin. It simply is not ready for prime time, and will not be ready for a long time to come. The system is overloaded, and the only way for it to go in this state is down.
And what exactly is this weak infrastructure built on top of Bitcoin? Gox? Saying that Bitcoin is bearish because of Gox is like saying Apple is bearish because of a lack of good app vendors, or Microsoft is bearish because of a lack of good hardware manufacturers. If you buy something when it has already succeeded, and there is already the infrastructure, the price will already be high. Of course there will be less risk investing then, but there is also less potential for gain. Somebody has to be that guy that BUILDS the investors that institutional investors will then go in, somebody has to be the first developer that puts shit on the app store, somebody has to be the first guy to start up a Bitcoin exchange, somebody has to be the first guy to use that exchange. And if you don't want to be that guy, thats fine - then don't come here and spout this shit as if you ARE interested. |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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April 12, 2013, 10:40:50 PM |
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I feel that just THIS makes me strong bull again .. friedcat presented USB powered mini ASIC running 300MH/sec. That's what I call DECENTRALIZATION. This looks great. Thread for interested lurkers: https://bitcointalk.org/index.php?topic=99497.3180 |
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GnoSiS
Newbie
Offline
Activity: 28
Merit: 0
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April 12, 2013, 10:44:34 PM |
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And we're back to 3digits...
the recovery speed is amazing. I thought the market would need a week for this.
All that is left is for all the money from sold btc to buy buy buy.... and 200 would be back in 3 days, maybe even less.
Even silk road would have to buy back in if they haven't done already. At least at some point all the speculators that exited at a price should buy back in or loose out! watch out here comes explosive 300....
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GreekGeek
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April 12, 2013, 10:48:44 PM |
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There are absolutely reasons for the market to go down, and stay down - namely, the weak infrastructure built on top of bitcoin. It simply is not ready for prime time, and will not be ready for a long time to come. The system is overloaded, and the only way for it to go in this state is down.
And what exactly is this weak infrastructure built on top of Bitcoin? Gox? Saying that Bitcoin is bearish because of Gox is like saying Apple is bearish because of a lack of good app vendors, or Microsoft is bearish because of a lack of good hardware manufacturers. If you buy something when it has already succeeded, and there is already the infrastructure, the price will already be high. Of course there will be less risk investing then, but there is also less potential for gain. Somebody has to be that guy that BUILDS the investors that institutional investors will then go in, somebody has to be the first developer that puts shit on the app store, somebody has to be the first guy to start up a Bitcoin exchange, somebody has to be the first guy to use that exchange. And if you don't want to be that guy, thats fine - then don't come here and spout this shit as if you ARE interested. +1 |
retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
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fcmatt
Legendary
Offline
Activity: 2072
Merit: 1001
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April 12, 2013, 10:52:04 PM |
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And we're back to 3digits...
the recovery speed is amazing. I thought the market would need a week for this.
All that is left is for all the money from sold btc to buy buy buy.... and 200 would be back in 3 days, maybe even less.
Even silk road would have to buy back in if they haven't done already. At least at some point all the speculators that exited at a price should buy back in or loose out! watch out here comes explosive 300....
The pop up worked great for unloading my latest bit of btc. Bulls go wild! Lot of money sitting on gox. |
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GreekGeek
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April 12, 2013, 10:56:15 PM |
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listentobicoin.com is really quiet
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retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
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GnoSiS
Newbie
Offline
Activity: 28
Merit: 0
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April 12, 2013, 10:56:18 PM |
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111!!!!oneoneone
thin air for 115
less than 3k for 120!!!!
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