molecular
Donator
Legendary
 Offline
Activity: 2772
Merit: 1019
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February 28, 2013, 07:40:53 PM |
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Part of it might be that the early investors you speak of are all but cashed out.
Source to back up your generalizing statement? I have no source. Which is why I used the word "might". I was speculating, like everyone else in this thread. I think it's 99% true, the early guys got in at $0.001/BTC, and when BTC hit $10, any sensible guy will cash out for a 1000X profit, even if BTC reach $100 that's just 10X more profit, why would they risk it all for 10X more profit, when they already got 1000X. Because then they'd have 10,000x profit? Sounds great to me. You don't understand, going from 1000X to 10000X is only a 10X profit, while the risk is extremely high. Any sane person would cash out majority of his holdings at 1000X, instead of wait for 10000x I'm insane by that definition. You might not understand this way of thinking, but some really value BTC much higher (structurally) in the sense that it's real money that keeps it's value. Why the shit would I "cash out" into a collapsing fiat currency? Ever. This is not some fucking penny-stock. This is bitcoin, the money of the internet.  EDIT: I didn't read correctly... you were talking about real early guys. Also thought you meant 1000% (which my early coins might show). I'd have to rethink wether I would've cashed out (some) had I bought some coins at $0.001, which I haven't, I got in at $0.80 and didn't buy much, but I suspect my thinking from above would still hold true. Might've cashed out some, "just to be safe", though. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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steamboat
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February 28, 2013, 07:49:51 PM |
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I have no skin in this game. I will just say you all have a massive opportunity with either great loss or great profit. This moment will define you as a future trader. May god save all of your souls.
Please - enough with the god talk already - unless you want to take it to the off-topic lounge. It just doesn't belong here. One of the things I like about these forums is that we all just get along (or not) without the need to bring religion into the discussion at all. I know some like to make statements in their usernames or pic - which is fair enough because we all have our things we're passionate about we like to share with those around us but to lord it about sprinkling your metaphoric holy water over us all is just a step too far! So I request you refrain  |
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David M
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February 28, 2013, 08:06:26 PM |
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This is going to get epic really quickly...
To help the giggles, I'm buying a quarter of block at market prices right now with an exit set at $34.
Edit: Order complete at 31.91xxxx.
And out at $34. That was fun. |
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The Fool
Newbie
Offline
Activity: 56
Merit: 0
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February 28, 2013, 08:07:15 PM |
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I told you so...
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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February 28, 2013, 08:08:02 PM |
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"This rally... the price is increasing to the point where we may not be able to contain it."
"Why contain it? Let it spill over the mid-40s, let the bubble rise in a indefinite streak. In the end, they'll beg us to save them."
No! They will beg me to save them! Only J.C. Denton can stop you illuminati bastards! |
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lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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February 28, 2013, 08:10:22 PM |
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Well someone either pressed the wrong button or really wanted out.
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Bro, do you even blockchain?
-E Voorhees
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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February 28, 2013, 08:11:51 PM |
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Well, we're back to the price that bitcoin was at... yesterday.
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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February 28, 2013, 08:12:39 PM |
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Well, we're back to the price that bitcoin was at... yesterday.
Yeah, boo hoo, lol   |
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jwzguy
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February 28, 2013, 08:13:15 PM |
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Well, we're back to the price that bitcoin was at... yesterday.
Yeah, for about 3 seconds. Weak hands -> strong hands. |
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Nemesis
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February 28, 2013, 08:13:21 PM |
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Well someone either pressed the wrong button or really wanted out.
holy mama ,,, spread!!!!! |
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camolist
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February 28, 2013, 08:13:25 PM |
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ouch  Well, we're back to the price that bitcoin was at... yesterday.
yup... |
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420
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February 28, 2013, 08:13:38 PM |
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Damn you gox and moody you're ruing my trading!
can't even tell wha tthe fucing spot price is
typos
Last price:$31.77494 High:$34.51541 Low:$30.90120 Volume:121398 BTC Weighted Avg:$32.58576
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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mccorvic
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February 28, 2013, 08:14:19 PM |
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Damn you gox and moody you're ruing my trading!
Moody hasn't been workin' for me for the past two days. It's constant refreshing for me. |
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elux
Legendary
Offline
Activity: 1458
Merit: 1006
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February 28, 2013, 08:15:34 PM |
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Well someone either pressed the wrong button or really wanted out.
Someone pressed the "Retirement" button.  |
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dancingnancy
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February 28, 2013, 08:15:42 PM |
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Impressive.. what was that like 15,000 coin sale?
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hmmmstrange
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February 28, 2013, 08:15:50 PM |
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Everyone check your wallets and make sure those 15k coins weren't yours.
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bzzard
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February 28, 2013, 08:15:56 PM |
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Damn you gox and moody you're ruing my trading!
can't even tell wha tthe fucing spot price is HA-HA! |
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Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
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February 28, 2013, 08:16:13 PM |
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Well someone either pressed the wrong button or really wanted out.
Someone pressed the "Retirement" button. LOL |
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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February 28, 2013, 08:16:33 PM |
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18k+
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Gabi
Legendary
Offline
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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February 28, 2013, 08:16:46 PM |
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This is volatility |
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