lebing
Legendary
 Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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October 25, 2012, 08:40:38 PM |
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Awesome, lol  |
Bro, do you even blockchain?
-E Voorhees
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 25, 2012, 08:52:00 PM |
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i'm starting to turn bullish  |
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fcmatt
Legendary
Offline
Activity: 2072
Merit: 1001
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October 25, 2012, 09:14:16 PM |
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Heh, your single digit prediction might just come true
I think there's a really good chance of it. It all depends on what happens in the next few weeks, I think. And, really, it turns on whether there's a strong move up. If there isn't soon, then I think the weight of this weekly crossover will depress the price for several months. The wild card is the reward change, but I'm of the opinion that if anything it will negatively affect price.QFT. Especially when all these new asic miners, who now get half of what people are used to, want a ROI of their hardware. They spent millions of dollars.. and do we really think they are all going to horde btc? Nope. They want their USD back ASAP. Then maybe they will horde btc again. If I spent 5K on asic hardware.. i know I would want my USD back. At that point it is not a hobby but a business. the asics were bought with hoarded bitcoins. I bought my asics with coins I mined 2 years ago before the first boom. I still have plenty left and I plan to sit on them, if I sold them 2 years ago i could've bought a pizza, now I can buy a house. Most people are aware of that, so unless something bad happens that causes everyone to drop their positions and stop hoarding, the market is going to be tight. I noticed a spike up in price as people were paying for their asics during that time frame. I feel that most people put many into an exchange and bought bitcoins to pay their bill. It was easier then doing a wire for most people, in my opinion. The price did not drop down accordingly because BFL did not sell those bitcoins. The middleman slowly sold them back over time instead of doing a dump. I can be wrong though. Most miners do not strike me as the type who have 200-500+ BTC just laying around. The amount of hardware to generate 500+ BTC in a reasonable amount of time is quite large over the last 6 months. |
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Energizer
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October 25, 2012, 09:17:51 PM |
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i'm starting to turn bullish Same here Adam |
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420
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October 25, 2012, 09:22:43 PM |
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8$ / BTC
in 3 months
The Plunge!!!
not absent more peaks and dips |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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arklan
Legendary
Offline
Activity: 1778
Merit: 1008
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October 25, 2012, 09:38:40 PM |
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well, that was an interesting change to wake up to.
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i don't post much, but this space for rent.
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Yuhfhrh
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October 25, 2012, 09:44:36 PM |
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well, that was an interesting change to wake up to.
Lol |
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David M
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October 25, 2012, 09:46:29 PM |
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I thought I had finished buying before the halving, but with about 35 days left, mid $10's is tempting.
Stuff it...I'm gonna bid half a block at $10.49 and another half at $9.95
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420
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October 25, 2012, 09:48:30 PM |
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I thought I had finished buying before the halving, but with about 35 days left, mid $10's is tempting.
Stuff it...I'm gonna bid half a block at $10.49 and another half at $9.95
BINGO |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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420
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October 25, 2012, 09:51:34 PM |
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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robocoin
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October 25, 2012, 09:52:24 PM |
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occupy your screen:  |
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420
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October 25, 2012, 09:55:48 PM |
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short term low 10.50 ?
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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arklan
Legendary
Offline
Activity: 1778
Merit: 1008
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October 25, 2012, 10:07:41 PM |
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short term low 10.50 ?
it'll take a couple hours to eat that wall, at the least. |
i don't post much, but this space for rent.
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Yuhfhrh
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October 25, 2012, 10:31:57 PM |
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Energizer
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October 25, 2012, 10:51:17 PM |
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short term low 10.50 ?
It seems more like a planed "shot term low" to whatever down value that would open a door for shot term profit of at least 30%"! Its a smart move, especially at this time "one month before block reward gets divided". That would be the last chance to be able to do it the short way rather than a long one. Also it seems that "Thursday" is targeted, so no one would have enough time to make a wire transfer for buying law. |
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labestiol
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October 25, 2012, 10:57:26 PM |
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I like all the bearish sentiment around here these days.
Same here  Thanks guys, I'll buy this dip. Didn't thought I'll see 10.x again Please feel free to go on selling, I would love to see single digits |
1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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jasinlee
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October 25, 2012, 11:25:24 PM |
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Sweeet, ok time to dump all those cheap coins I bought, god I love days like this.
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 25, 2012, 11:40:49 PM |
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 its like people just don't understand that; fundamentally the value of bitcoin itself is going up everyday, and now the price is going down.... what does that tell you? BUY BUY BUY! i'm so high right now
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