zeurpiet (OP)
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Activity: 28
Merit: 0
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November 21, 2014, 01:45:31 AM |
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I bought in at 1000 , 750 , 650 , 450 , 350 , 270 , 350 , 420 , 350 Why are we still going down? Is bitcoin failing? It looks like he is right.. https://www.youtube.com/watch?v=GYJdOiLqSxE |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Coincoin256
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Activity: 113
Merit: 10
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November 21, 2014, 01:47:10 AM |
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BTC is falling and any reason that I would give you for that, would be nothing but speculation.
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gog1
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November 21, 2014, 01:48:29 AM |
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with second round of silkroad coin coming, prices will be depressed until that clears up
big whale that wants to get in on BTC will try to do it through the auction instead of buying from exchange
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var53
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November 21, 2014, 01:59:50 AM |
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Where did you buy in at 270? The lowest it went to on bitstamp was about 275. |
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Cassie.Jill
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Activity: 83
Merit: 10
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November 21, 2014, 02:52:28 AM |
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 I just do not know why some people can still make big money when prices fall.
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 21, 2014, 03:04:20 AM |
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Silly old man missed the boat so he tries to sell a book. Sad. He should find Jesus.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Foxpup
Legendary
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Activity: 4354
Merit: 3042
Vile Vixen and Miss Bitcointalk 2021-2023
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November 21, 2014, 03:25:40 AM |
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I just do not know why some people can still make big money when prices fall. Short selling, of course. But what we really need is better options markets so that we can still make big money when prices stay the same. I hate stability. |
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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cbeast
Donator
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 21, 2014, 03:48:17 AM |
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Silly old man missed the boat so he tries to sell a book. Sad. He should find Jesus.
Have you tried unmuting your audio? I did that until my ears started bleeding from laughter. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 21, 2014, 04:12:44 AM |
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Silly old man missed the boat so he tries to sell a book. Sad. He should find Jesus.
Have you tried unmuting your audio? I did that until my ears started bleeding from laughter. Like Tom Cruise does when people tell him Xeno doesnt exist? More like listening to people that are afraid to enter actual debate and refuse to answer serious questions. Alas, such fools relegate themselves to commercially sponsored talk shows and refuse callers. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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1echo
Sr. Member
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Activity: 280
Merit: 250
scams hunter!
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November 21, 2014, 04:17:37 AM |
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more merchants = more price dump
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cbeast
Donator
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 21, 2014, 04:22:10 AM |
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more merchants = more price dump
The problem with that is assuming consumers buy less bitcoins than they spend, which is impossible. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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r0ger_l
Newbie
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Activity: 17
Merit: 0
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November 21, 2014, 04:32:50 AM |
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more merchants = more price dump
The problem with that is assuming consumers buy less bitcoins than they spend, which is impossible. Unless the majority of coins spent are mined and not actually purchased. |
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 21, 2014, 04:37:23 AM |
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more merchants = more price dump
The problem with that is assuming consumers buy less bitcoins than they spend, which is impossible. Unless the majority of coins spent are mined and not actually purchased. Yeah, but miners only buy hookers and blow. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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r0ger_l
Newbie
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Activity: 17
Merit: 0
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November 21, 2014, 04:40:34 AM |
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more merchants = more price dump
The problem with that is assuming consumers buy less bitcoins than they spend, which is impossible. Unless the majority of coins spent are mined and not actually purchased. Yeah, but miners only buy hookers and blow. and weed, don't forget the weed |
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abs350
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November 21, 2014, 04:51:06 AM |
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Maybe cause it's a bubble?  An "asset" with no intrinsic value??? Best to sell now before it gets to zero. |
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traderCJ
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November 21, 2014, 05:00:06 AM |
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Maybe cause it's a bubble? An "asset" with no intrinsic value??? Best to sell now before it gets to zero. What did it for me was, as a US citizen, having to report all conversions of BTC to the IRS. BTC -> USD, BTC -> gold, BTC -> dinner .. all require IRS disclosure. Basically, it makes Bitcoin irrelevant as a "currency" if you plan on following the rules. Well played, IRS, well played. |
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jonald_fyookball
Legendary
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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November 21, 2014, 05:04:43 AM |
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Maybe cause it's a bubble? An "asset" with no intrinsic value??? Best to sell now before it gets to zero. What did it for me was, as a US citizen, having to report all conversions of BTC to the IRS. BTC -> USD, BTC -> gold, BTC -> dinner .. all require IRS disclosure. Basically, it makes Bitcoin irrelevant as a "currency" if you plan on following the rules. Well played, IRS, well played. I dont think so. You are required to pay capital gains tax at the end of the year. Who said you need to report all conversions? |
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Newbie1022
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November 21, 2014, 01:44:05 PM |
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Maybe cause it's a bubble? An "asset" with no intrinsic value??? Best to sell now before it gets to zero. What did it for me was, as a US citizen, having to report all conversions of BTC to the IRS. BTC -> USD, BTC -> gold, BTC -> dinner .. all require IRS disclosure. Basically, it makes Bitcoin irrelevant as a "currency" if you plan on following the rules. Well played, IRS, well played. I dont think so. You are required to pay capital gains tax at the end of the year. Who said you need to report all conversions? This. Also, you are assuming that you'll have any BTC-related income to report. I think, for most people this year, the IRS provisions are a Godsend because they can now claim losses. |
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 21, 2014, 02:14:38 PM |
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Maybe cause it's a bubble? An "asset" with no intrinsic value??? Best to sell now before it gets to zero. What did it for me was, as a US citizen, having to report all conversions of BTC to the IRS. BTC -> USD, BTC -> gold, BTC -> dinner .. all require IRS disclosure. Basically, it makes Bitcoin irrelevant as a "currency" if you plan on following the rules. Well played, IRS, well played. I dont think so. You are required to pay capital gains tax at the end of the year. Who said you need to report all conversions? This. Also, you are assuming that you'll have any BTC-related income to report. I think, for most people this year, the IRS provisions are a Godsend because they can now claim losses. How do you claim losses if you don't sell your bitcoins for less than you paid for them? |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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