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Topic: $4 is the new $2 (Read 2907 times)

hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
March 11, 2012, 10:13:52 PM
#38
hero member
Activity: 812
Merit: 1000
March 11, 2012, 10:03:13 PM
#37
can ANYONE point me to a beginner's guide or something on shorting stocks?

this is the best i could come up with
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
March 11, 2012, 09:36:27 PM
#36
Sorry, I don't get this actual price stuff.  When I bought $4.20 not too long ago was that not the actual price?  Do I owe somebody money?

Yes -- and I have an Official Wallet Inspector badge here.  So pay up, to me, the Wallet Inspector.
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
March 11, 2012, 07:28:06 PM
#35
I am affluent in several languages..
N12
donator
Activity: 1610
Merit: 1010
March 11, 2012, 07:23:40 PM
#34
movin on up!
How many cents this time? Grin
legendary
Activity: 1764
Merit: 1002
March 11, 2012, 07:21:29 PM
#33
movin on up!
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
March 11, 2012, 05:17:47 PM
#32
If this goes on much longer this'll turn into the longest period of relatively flat prices in bitcoin trading history so far.
Bitcoin is finally getting stable.

 Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin

I've been waiting for someone to say this, because price usually starts moving soon after.  Cheesy

True that.  Sunday night everyone!  LET'S ALL BE WEEKEND DIPS!

 Cheesy
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
March 11, 2012, 05:16:55 PM
#31

LOL, yeah I forgot to travel back in time when any nVidia chipset would get me a block of 50 every hour or so...  Roll Eyes
It cost me a VERY DANGEROUSLY RISKY portion of my personal "wealth" to obtain the 1.8GH/s ~ 1BTC/day I currently manage.
So... if what you meant by "you're doing it wrong" is that you expect the value of BTC to increase 100-1000 fold in the next few years, then I can say I agree with you.  :-)

agreed.

I need to get myself a mining rig, but I'm thinking next winter, that way it helps to heat my place    Cheesy

I can build you a ~1.6GH/s one for very affordable  Grin
legendary
Activity: 826
Merit: 1001
rippleFanatic
March 11, 2012, 05:10:16 PM
#30
If this goes on much longer this'll turn into the longest period of relatively flat prices in bitcoin trading history so far.
Bitcoin is finally getting stable.

 Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin

I've been waiting for someone to say this, because price usually starts moving soon after.  Cheesy
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
March 11, 2012, 05:09:21 PM
#29

LOL, yeah I forgot to travel back in time when any nVidia chipset would get me a block of 50 every hour or so...  Roll Eyes
It cost me a VERY DANGEROUSLY RISKY portion of my personal "wealth" to obtain the 1.8GH/s ~ 1BTC/day I currently manage.
So... if what you meant by "you're doing it wrong" is that you expect the value of BTC to increase 100-1000 fold in the next few years, then I can say I agree with you.  :-)

agreed.

I need to get myself a mining rig, but I'm thinking next winter, that way it helps to heat my place    Cheesy
N12
donator
Activity: 1610
Merit: 1010
March 11, 2012, 05:04:24 PM
#28
Sorry, I don't get this actual price stuff.  When I bought $4.20 not too long ago was that not the actual price?  Do I owe somebody money?
Obviously the market equilibrium for Bitcoins is $5 because

… cool number!

I expect it to stabilize around there in the following months. Grin Grin Grin Grin
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
March 11, 2012, 04:57:54 PM
#27



BTW I apologize if this is off-topic at all, but can ANYONE point me to a beginner's guide or something on shorting stocks?  I have very little capital to work with, but I would LOVE to mire in the impending collapse.  PM's with suggestions are VERY welcome -- Really good ones will be rewarded.

Thanks in advance!

http://www.toniturner.com/shop/beginners-guide-short-term-trading-second-edition-p-20-c-26.html

the end of the world is over due!

SHORT ALL THE MARKETS

 Cheesy

Quote
$5 is actually pretty nice for an extremely impoverished person RIGHT AT THE MOMENT... but an extremely intelligent impoverished person knows better, and dreams much bigger.

sure, but question is... are the market makers impoverished, or affluent?

in this market everyone is affluent and intelligent... think about it

Just want to point out that one of my biggest pet peeves is when someone tells me to "think about it"... No offense taken against you personally, though.
Dude -- I completely, 100% assure you -- I am anything BUT affluent.
Perhaps I am "well-off" compared to people in Sudan or Nigeria or North Korea or wherever the fuck, but that sort of comparison does not represent true affluence.  Look:  What human has EVER admitted any level of anything to be "good enough, let's stop"?  ... wait for it...
Neocons, traditionalists, and ignorant idiots in general -- THAT's who.  :-P

when it comes to post on this forum only Mathew N. Right can offend me.

I hear you, and I'm in the same boat. young with a good career ahead of me, but i feel dirt poor because of the current shitty world economy.  

affluent is a big word, saying someone is affluent can be taken any number of ways, but when it comes to bitcoins if your not affluent your doing it wrong.

LOL, yeah I forgot to travel back in time when any nVidia chipset would get me a block of 50 every hour or so...  Roll Eyes
It cost me a VERY DANGEROUSLY RISKY portion of my personal "wealth" to obtain the 1.8GH/s ~ 1BTC/day I currently manage.
So... if what you meant by "you're doing it wrong" is that you expect the value of BTC to increase 100-1000 fold in the next few years, then I can say I agree with you.  :-)
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
March 11, 2012, 04:48:20 PM
#26



BTW I apologize if this is off-topic at all, but can ANYONE point me to a beginner's guide or something on shorting stocks?  I have very little capital to work with, but I would LOVE to mire in the impending collapse.  PM's with suggestions are VERY welcome -- Really good ones will be rewarded.

Thanks in advance!

http://www.toniturner.com/shop/beginners-guide-short-term-trading-second-edition-p-20-c-26.html

the end of the world is over due!

SHORT ALL THE MARKETS

 Cheesy

Quote
$5 is actually pretty nice for an extremely impoverished person RIGHT AT THE MOMENT... but an extremely intelligent impoverished person knows better, and dreams much bigger.

sure, but question is... are the market makers impoverished, or affluent?

in this market everyone is affluent and intelligent... think about it

Just want to point out that one of my biggest pet peeves is when someone tells me to "think about it"... No offense taken against you personally, though.
Dude -- I completely, 100% assure you -- I am anything BUT affluent.
Perhaps I am "well-off" compared to people in Sudan or Nigeria or North Korea or wherever the fuck, but that sort of comparison does not represent true affluence.  Look:  What human has EVER admitted any level of anything to be "good enough, let's stop"?  ... wait for it...
Neocons, traditionalists, and ignorant idiots in general -- THAT's who.  :-P

when it comes to post on this forum only Mathew N. Right can offend me.

I hear you, and I'm in the same boat. young with a good career ahead of me, but i feel dirt poor because of the current shitty world economy.  

affluent is a big word, saying someone is affluent can be taken any number of ways, but when it comes to bitcoins if your not affluent your doing it wrong.
legendary
Activity: 2198
Merit: 1311
March 11, 2012, 04:44:29 PM
#25
Sorry, I don't get this actual price stuff.  When I bought $4.20 not too long ago was that not the actual price?  Do I owe somebody money?
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
March 11, 2012, 04:33:23 PM
#24



BTW I apologize if this is off-topic at all, but can ANYONE point me to a beginner's guide or something on shorting stocks?  I have very little capital to work with, but I would LOVE to mire in the impending collapse.  PM's with suggestions are VERY welcome -- Really good ones will be rewarded.

Thanks in advance!

http://www.toniturner.com/shop/beginners-guide-short-term-trading-second-edition-p-20-c-26.html

the end of the world is over due!

SHORT ALL THE MARKETS

 Cheesy

Quote
$5 is actually pretty nice for an extremely impoverished person RIGHT AT THE MOMENT... but an extremely intelligent impoverished person knows better, and dreams much bigger.

sure, but question is... are the market makers impoverished, or affluent?

in this market everyone is affluent and intelligent... think about it

Just want to point out that one of my biggest pet peeves is when someone tells me to "think about it"... No offense taken against you personally, though.
Dude -- I completely, 100% assure you -- I am anything BUT affluent.
Perhaps I am "well-off" compared to people in Sudan or Nigeria or North Korea or wherever the fuck, but that sort of comparison does not represent true affluence.  Look:  What human has EVER admitted any level of anything to be "good enough, let's stop"?  ... wait for it...
Neocons, traditionalists, and ignorant idiots in general -- THAT's who.  :-P
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
March 11, 2012, 04:08:39 PM
#23



BTW I apologize if this is off-topic at all, but can ANYONE point me to a beginner's guide or something on shorting stocks?  I have very little capital to work with, but I would LOVE to mire in the impending collapse.  PM's with suggestions are VERY welcome -- Really good ones will be rewarded.

Thanks in advance!

http://www.toniturner.com/shop/beginners-guide-short-term-trading-second-edition-p-20-c-26.html

the end of the world is over due!

SHORT ALL THE MARKETS

 Cheesy

Quote
$5 is actually pretty nice for an extremely impoverished person RIGHT AT THE MOMENT... but an extremely intelligent impoverished person knows better, and dreams much bigger.

sure, but question is... are the market makers impoverished, or affluent?

in this market everyone is affluent and intelligent... think about it
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
March 11, 2012, 04:03:37 PM
#22

$5 is actually pretty nice for an extremely impoverished person RIGHT AT THE MOMENT... but an extremely intelligent impoverished person knows better, and dreams much bigger.

BTW I apologize if this is off-topic at all, but can ANYONE point me to a beginner's guide or something on shorting stocks?  I have very little capital to work with, but I would LOVE to mire in the impending collapse.  PM's with suggestions are VERY welcome -- Really good ones will be rewarded.

Thanks in advance!
N12
donator
Activity: 1610
Merit: 1010
March 11, 2012, 02:13:50 PM
#21
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
March 11, 2012, 02:13:02 PM
#20
i believe this to be the case.  

in fact, the move down from $7.20 to $4 magically represents a 61.8% Fibonacci retrace, a good place to bottom.

so would you be wise to be buying in the $4's or selling/shorting in the $4's?

i sorta agree...


but i see it like this

2$ was when bitcoin wanted to see how low it would go

5$ is its actual value

4$ is meaningless its not the "bottom" its just a whole dollar less then its actual value
N12
donator
Activity: 1610
Merit: 1010
March 11, 2012, 01:17:44 PM
#19
Stable would be good for bitcoin merchants, but realistically, this is not going to happen at current levels. More likely there will be wild swings in the next couple of years before there is some stabilization.
That’s the joke. Bitcoin will never be nearly stable until its price discovery reveals either 0 or 4-5 digit.
Following up on that thought: Shorting can give you 100% profit + if you borrow it, potentially unlimited loss, going long potentially unlimited profits with limited loss. Grin
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