TheKoziTwo
Legendary
 Offline
Activity: 1552
Merit: 1047
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April 10, 2013, 04:57:02 PM |
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Hawkix
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April 10, 2013, 04:57:08 PM |
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We need to go DEEPER .. (too lazy to link that INCEPTION image here) ...
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Missionary
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April 10, 2013, 04:57:43 PM |
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Test to see what the logical action should be:
1. Is there a fundamental flaw in the Bitcoin protocol?
YES / NO
Action:
If YES then SELL.
If NO then HOLD.
2. Has there been any large and negative fundamental changes?
YES / NO
If YES then SELL.
If NO then BUY.
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I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z You can find more information about my plans here: http://btcmission.com |
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DougTanner
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April 10, 2013, 05:00:39 PM |
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I just bought for $200 on Virtex.  |
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Gordonium
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April 10, 2013, 05:01:57 PM |
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The point is this: FUNDAMENTALS HASN'T CHANGED. This will be so epic bear massacre!  |
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GeoRW
Sr. Member
Offline
Activity: 350
Merit: 257
Trust No One
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April 10, 2013, 05:02:27 PM |
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The stable price is where the value created by bitcoin network is equal to the costs of running the whole network. And at least one of those two is dependent on bitcoin price. So just try to estimate those two numbers and compare them.
That is just not true. Search your feelings and you know it. Is the price of 100 dollar bill same as the cost of printing one? No it is not and it is same with Bitcoin. Can you be more specific at what exactly is not true. The cost of running the network is not dependent on the cost of creating early bitcoins. Those were very cheap. The cost is dependent on the current market price. That myth is debunked here: https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_themThe statement is true in a way. Miners will not mine without being profitable, so they will not sell bitcoins below electricity costs and probably not below electrocity costs + hardware and maintenance costs even. |
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Richy_T
Legendary
Offline
Activity: 2604
Merit: 2298
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 10, 2013, 05:02:46 PM |
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Mtgox trading engine lag: 1203.80s
Have to say, if I was a trader, I'd be exiting too.
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 10, 2013, 05:02:46 PM |
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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April 10, 2013, 05:04:18 PM |
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Gox is to blame for this, make no mistake
Yes, I don't give a crap about their public letter last week at this point. 20 minutes of lag? You FIRE the programmer that does this garbage and hire a new one. A new TEAM! Why hasn't this been fixed? Is it arrogance? Loyalty to a friend who did the job for you? What?! |
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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April 10, 2013, 05:05:54 PM |
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Everyone holding strong?
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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April 10, 2013, 05:06:15 PM |
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Well that was long overdue...
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 10, 2013, 05:06:54 PM |
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I just bought for $200 on Virtex. i was thinking of buying too... someone took one hell of a dump on virtex just b4... |
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y2kcamaross
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April 10, 2013, 05:06:59 PM |
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Everyone holding strong?
Are you watching the charts? No ones holding strong, it seems like every single person with a god damned bitcoin is dumping them |
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DougTanner
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April 10, 2013, 05:08:15 PM |
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Starting to get worried. Leaving my $190 and $180 orders up though.  |
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Kazu
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April 10, 2013, 05:09:00 PM |
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Gox is to blame for this, make no mistake
Yes, I don't give a crap about their public letter last week at this point. 20 minutes of lag? You FIRE the programmer that does this garbage and hire a new one. A new TEAM! Why hasn't this been fixed? Is it arrogance? Loyalty to a friend who did the job for you? What?! Is there still lag, or is it just not working? Because right now the login button for Gox just isn't working for me, price is falling, I'm getting really mad. Gox is intent on screwing over BTC. |
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Richy_T
Legendary
Offline
Activity: 2604
Merit: 2298
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 10, 2013, 05:09:19 PM |
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Well that was long overdue...
Yes. Though scary, I'm still up on what I paid just 2 days ago. |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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dani
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April 10, 2013, 05:09:23 PM |
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I feel good when I see this. Sold when prices was good, getting back into business soon, we just need to go DEEPER..
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Hai
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sounds
Full Member
Offline
Activity: 140
Merit: 100
1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ
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April 10, 2013, 05:09:35 PM |
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Definitely holding my coins I bought for low double digits.
I was holding my fiat for a moment such as this. I just thought it wouldn't come so soon.
Bitcoins are being transferred from the weak to the strong.
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GeoRW
Sr. Member
Offline
Activity: 350
Merit: 257
Trust No One
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April 10, 2013, 05:10:13 PM |
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Test to see what the logical action should be:
1. Is there a fundamental flaw in the Bitcoin protocol?
YES / NO
Action:
If YES then SELL.
If NO then HOLD.
2. Has there been any large and negative fundamental changes?
YES / NO
If YES then SELL.
If NO then BUY.
I already pointed out in other thread that google trends for bitcoins peaked last week and I think it is only a question of time until the money inflow decreases. We may have already reached the top this week. Bitcoin is still very inflationary and you need a constant inflow of fiat to retain the price levels. |
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essem
Newbie
Offline
Activity: 42
Merit: 0
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April 10, 2013, 05:10:26 PM |
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Everyone holding strong?
yeah of course, my 230 deposited in bitstamp is ready to pick some cheap coins |
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