300 is broken, to never see again

[minerpumpkin]

Sold at $1000 which is making me feel pretty happy now

Good decision! But now could be a good point do buy back, at least some of the coins. Hell, if you bought back your initial stash, you'd still have most of your FIAT right now That's what I call a good deal!

[Lay-z]

any idea if there is a reason behind this chaos ?

Chief Mughawa is selling

[st4nl3y]

I wouldn't be surprised if it goes below $280 today

... you were saying ?

Only two hours late

[cshelswell]

Sold at $1000 which is making me feel pretty happy now

Good decision! But now could be a good point do buy back, at least some of the coins. Hell, if you bought back your initial stash, you'd still have most of your FIAT right now That's what I call a good deal!

Haha yep you're right. I've still kept some aside though so I'll see where it goes. Always a good idea to keep some of your stash. I learnt that the hard way!

[toknormal]

Sold at $1000 which is making me feel pretty happy now

I would not be happy selling bitcoin at any price.

It's probably one of the most valuable commodities mankind has ever created.

[vicemayor]

I'll start buying some...

... at $230.

 

It looks like $230 may arrive sooner than I expected. And, I may need to revise my predictions to sub-$100...

[cshelswell]

Sold at $1000 which is making me feel pretty happy now

I would not be happy selling bitcoin at any price.

It's probably one of the most valuable commodities mankind has ever created.

If you just hoard though they've not really got any value at all. What would you do with them other than buy and sell?

[twiifm]

Sold at $1000 which is making me feel pretty happy now

I would not be happy selling bitcoin at any price.

It's probably one of the most valuable commodities mankind has ever created.

If you just hoard though they've not really got any value at all. What would you do with them other than buy and sell?

Let the boy lose his pants.  Then maybe he'll learn a thing or two

[twister]

Well this be a good time for those who wanted to buy low. Get in while you can.

[toknormal]

If you just hoard though they've not really got any value at all. What would you do with them other than buy and sell?

Markets work when people place their own subjective value on something.

I own 44 BTC.

I used to own quite a few more which I traded against fiat, alts scams and other bullshit. I'm now done with that as I lost quite a bit.

I don't want to loose any more.

I won't be trading the rest of my BTC for anything - even if it goes to zero. I certainly won't be trading it for the US dollar because I value BTC over the US dollar.

[RomertL]

^
Lol, I'm afraid your pinup girl just ain't into you, and certainly wouldn't be seen with you in public

"Qestion:
What do you think of the libertarian movement?

Ayn Rand:
All kinds of people today call themselves “libertarians,” especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That’s worse than anything the New Left has proposed. It’s a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don’t want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That’s the libertarian movement."--Ayn Rand Answers: The Best of Her Q&A, ed. Robert Mayhew

To be honest, I'm quite new to Ayn Rand, I'm just now finishing Atlas Shrugged and haven't red anything else yet. But I find myself agreeing to nearly 100% of the message in that book, and lot's of my favorite anarcho-capitalists like Jeff Berwick and Stefan Molyneux like her a lot. I've also heard though, that anarcho-capitalism and objectivism isn't compatible although I haven't explored why yet. What's your take on that, what's the fundamental difference? "Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism." Well, who says there can't be laws in an anarchistic system? Anarchism means "no rulers" which is not the same as no laws. Laws can be privatized, there's whole books written about that. More interestingly, contracts made in the blockchain can be created so they can't be broken. They can be made so if a certain criteria is fullfilled, btc automatically moves from one wallet to another, making law redundant in many cases! The law is in the code and enforces itself! When Ayn Rand was still around, there was no way anybody could have predicted such a revolutionary technology. Maybe she would change her stance if she were alive today.

[twiifm]

^
Lol, I'm afraid your pinup girl just ain't into you, and certainly wouldn't be seen with you in public

"Qestion:
What do you think of the libertarian movement?

Ayn Rand:
All kinds of people today call themselves “libertarians,” especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That’s worse than anything the New Left has proposed. It’s a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don’t want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That’s the libertarian movement."--Ayn Rand Answers: The Best of Her Q&A, ed. Robert Mayhew

To be honest, I'm quite new to Ayn Rand, I'm just now finishing Atlas Shrugged and haven't red anything else yet. But I find myself agreeing to nearly 100% of the message in that book, and lot's of my favorite anarcho-capitalists like Jeff Berwick and Stefan Molyneux like her a lot. I've also heard though, that anarcho-capitalism and objectivism isn't compatible although I haven't explored why yet. What's your take on that, what's the fundamental difference? "Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism." Well, who says there can't be laws in an anarchistic system? Anarchism means "no rulers" which is not the same as no laws. Laws can be privatized, there's whole books written about that. More interestingly, contracts made in the blockchain can be created so they can't be broken. They can be made so if a certain criteria is fullfilled, btc automatically moves from one wallet to another, making law redundant in many cases! The law is in the code and enforces itself! When Ayn Rand was still around, there was no way anybody could have predicted such a revolutionary technology. Maybe she would change her stance if she were alive today.

Are you reading what you are writing?  Laws are enforced by the state.  You can have contracts but it's useless unless it can be enforced.  Private judicial system?  Yeah right.  Good luck trying to sue a mega corporation who fucked you over

[romerun]

it cannot drop too much that makes mining unprofitable resulting in harder time to solve blocks, and the whole thing collapses.

[panju1]

Well this be a good time for those who wanted to buy low. Get in while you can.

That was advise we received when the price neared $400.

[AceWallen]

Well this be a good time for those who wanted to buy low. Get in while you can.

That was advise we received when the price neared $400.

indeed -- there is no reason to jump in without waiting for a clear reversal. the trend is clearly down on higher time frames. hopefully we will either see a deep spike down to exhaust sellers, or we'll see a more obvious dying out of momentum. but for now (even if we have a token bounce from $270-280)... down.

[Hyena]

Made my day

[Addition]

any idea if there is a reason behind this chaos ?

Mad dump going off today for sure - Does anyone know what's behind this?

Some folks saying; Paycoin???  WTF IS Paycoin

Or is this just simply another massive volume related dump, then expected bounce back(short-term)?

Paycoin recently mooned to the top of coinmarketcap after an IPO that apparently made millions. Right now it's just below litecoin in terms of market cap, but it's dropped like a stone from it's top price. Nobody seems to know exactly how much the devs mad or if they're dumping.

http://coinmarketcap.com/currencies/paycoin2/

Cheers mate, I heard there's a lot of angry Paycoin investors because the team behind it didn't actually have credible infrastructure in place:

https://www.cryptocoinsnews.com/josh-garza-address-growing-paycoin-paybase-scam-concerns-tnabc-miami/

[Addition]

it cannot drop too much that makes mining unprofitable resulting in harder time to solve blocks, and the whole thing collapses.

6000+BTC net dump on just Bitstamp, we're at $260 now!!!! (past Hr)


Hope you're wrong about it collapsing, surely some miners are cool with hashing for a lose - they are like us expecting rebound?

I'm pretty convinced there will be a significant rebound coming to make the fiat exchangers a quick buck!

[Guido]

We broke 300 even sooner than expected, this ship is sinking faster than you will imagine.
My experience from long time successful trading is to get out as soon as you can.

we will be going down for sure but i am certain we will see 300 and above this year
1 btc bet that we see 300$ again for a bitcoin at some point this year? you say no

[premium_domainer]

300 will be back within 72 hours from now.