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mem (OP)
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June 25, 2012, 04:21:18 AM |
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All the speculators realized that they were the only ones playing the game.
no higher than $5 dec 31st.
If you get scared, Im offering to buy out any large holders now at $4.50.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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BoardGameCoin
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June 25, 2012, 04:25:44 AM |
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Make the bet on betsofbitcoin and I'll sign up and take the other side of it.
-bgc
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I'm selling great Minion Games like The Manhattan Project, Kingdom of Solomon and Venture Forth at 4% off retail starting June 2012. PM me or go to my thread in the Marketplace if you're interested. For Settlers/Dominion/Carcassone etc., I do email gift cards on Amazon for a 5% fee. PM if you're interested. |
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bb113
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June 25, 2012, 04:29:18 AM |
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That would be awesome but I doubt it unless we get some bad news.
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NothinG
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June 25, 2012, 04:31:17 AM |
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That would be awesome but I doubt it unless we get some bad news.
ASIC miners coming soon, and blocks are splitting. The price is SURE to fluctuate. Which way? No one knows. |
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bb113
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June 25, 2012, 04:38:41 AM |
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That would be awesome but I doubt it unless we get some bad news.
ASIC miners coming soon, and blocks are splitting. The price is SURE to fluctuate. Which way? No one knows. That is actually some amazing timing. |
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the joint
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June 25, 2012, 04:45:03 AM |
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What bubble?
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cbeast
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Let's talk governance, lipstick, and pigs.
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June 25, 2012, 05:00:04 AM |
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That would be awesome but I doubt it unless we get some bad news.
Considering that Gavin is busy testing Multisig transactions, I don't expect any bad news. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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proudhon
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June 25, 2012, 05:02:18 AM |
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What bubble?
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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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mem (OP)
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June 25, 2012, 05:05:08 AM |
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What bubble?
thats the one. For the groups that actually use bitcoin as a currency a drop to a flat $3 price would be extremely welcome. I will create the bet shortly. |
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the joint
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June 25, 2012, 05:06:39 AM |
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Since when is a month-long 20% value increase a bubble?
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miscreanity
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June 25, 2012, 05:13:41 AM |
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What bubble?
Really? You're making a judgement based off of one indicator? Don't skew the picture with narrow technicals: zoom out and get some perspective. There's also the possibility that RSI remains consistently above 50 during a steady growth phase, which would see sideways movement instead of declines. And don't forget the fundamentals - there are a growing number of entities with an interest in stability!  |
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the joint
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June 25, 2012, 05:20:27 AM |
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@ Miscreanity,
Out of curiosity, are those the indicators you use most frequently? I always use RSI, MACD, and Money Flow Index (and momentum) when I head to Bitcoincharts.com
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miscreanity
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June 25, 2012, 05:55:05 AM |
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@ Miscreanity,
Out of curiosity, are those the indicators you use most frequently? I always use RSI, MACD, and Money Flow Index (and momentum) when I head to Bitcoincharts.com
Yes, usually. I watch some other indicators as well, one being something of a weekly money flow + Bollinger hybrid. Nothing has shown a strong enough signal for me to sell yet. |
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Cluster2k
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June 25, 2012, 07:53:04 AM |
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Too many people bought bitcoins on the way up from $5 because of:
- Hopes for a Greek exit from the Euro
- The Spanish hitting unsustainable bond rates and being forced out too
- The US Federal Reserve hitting the Print button on its computers
None of the three happened so it's natural there's going to be a sell off. Probably back to the mid $5 range, unless Europe turns pear shaped. Could happen any day, or not happen at all. People will take easy profits off the table in the meantime.
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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June 25, 2012, 08:11:28 AM |
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For the groups that actually use bitcoin as a currency a drop to a flat $3 price would be extremely welcome.
Why? |
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cloon
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June 25, 2012, 08:23:51 AM |
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Too many people bought bitcoins on the way up from $5 because of:
- Hopes for a Greek exit from the Euro
- The Spanish hitting unsustainable bond rates and being forced out too
- The US Federal Reserve hitting the Print button on its computers
None of the three happened so it's natural there's going to be a sell off. Probably back to the mid $5 range, unless Europe turns pear shaped. Could happen any day, or not happen at all. People will take easy profits off the table in the meantime.
It will not take long until greece exit the euro The real crisis did not come yet Btc is only in correction mode after the unhealthy panic-rise to 6.80 |
donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
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realnowhereman
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June 25, 2012, 10:26:09 AM |
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The bubble has popped, slow decline to $3 on the way
Definitely. Of course, we'll want to get in at the bottom, so I'll set my buy order for $3.01, just for safety. Hmm, but what if someone else wants those $3 coins and sees my $3.01? I'd better set it at $3.02. Hmmm. $3.05. No... $3.10, definitely. That's as high as I'll go. If you get scared, Im offering to buy out any large holders now at $4.50.
Oh okay, $4.51. DAMNIT! $5.00 and that's my final offer. $5.50. $6Bollocks, $6.20 |
1AAZ4xBHbiCr96nsZJ8jtPkSzsg1CqhwDa
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arklan
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June 25, 2012, 10:29:57 AM |
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The bubble has popped, slow decline to $3 on the way
Definitely. Of course, we'll want to get in at the bottom, so I'll set my buy order for $3.01, just for safety. Hmm, but what if someone else wants those $3 coins and sees my $3.01? I'd better set it at $3.02. Hmmm. $3.05. No... $3.10, definitely. That's as high as I'll go. If you get scared, Im offering to buy out any large holders now at $4.50.
Oh okay, $4.51. DAMNIT! $5.00 and that's my final offer. $5.50. $6Bollocks, $6.20that, right there? is hilarious. |
i don't post much, but this space for rent.
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mcorlett
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June 25, 2012, 10:49:25 AM |
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I'd love to take the opposing side of that wager!
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Technomage
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Affordable Physical Bitcoins - Denarium.com
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June 25, 2012, 11:17:05 AM |
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In the past I've sometimes been afraid when the price goes down and resorted to going on the "defensive" to defend Bitcoin. Not going to do that here. Declining to $3 is absolutely ridiculous, the OP is borderline trollish. The momentum of Bitcoin is right now very strong, corrections on the short term are natural but a strong decline doesn't make any sense just now.
Not that I haven't been wrong in the past but I'm serious when I say that following OP's advice could be a very bad move. I don't think that many will fall for it though, the bear trap is way too obvious.
With all of this I'm not saying that we can't decline to $5.x, that is possible. Anything below $5 I see as extremely unlikely unless radical changes happen regarding the right now very positive fundamental Bitcoin trend (news, developments, usage).
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