Topic: A Great Thing Happened Today - page 2. (Read 2733 times)
Just a reminder that the price of bitcoin is irrelevant if you are using them instead of hoarding them.
You and everyone else need to stop pretending like BTC was anything other than one more internet meme.
How can you tell? I mean, how could people tell that email, HTTP, and online retail like Amazon weren't just internet memes? (All claims put forth at the time) What makes the bitcoin protocol different?
There are other exchanges. You think they will all close? People will still be able to trade bitcoins outside the exchanges, it just is a bit more difficult.
It's not "just a bit more difficult," it's magnitudes more difficult. And enormously more risky, considering you need to trust people with complete anonymity.
Don't expect the past diehards to keep things rolling. I've watched many of them bolt.
You and everyone else need to stop pretending like BTC was anything other than one more internet meme.
LOWEST POINT SO FAR SINCE 32. I'm not a moron that thinks bitcoin traded first for $10.
yes you are. sorry mate! You are right, but value cannot simply drop forever. If it goes to 0.5 many people will buy.
You mean, like, speculators and hoarders?
Could be. But if they saw this decline, won't do big moves. Big moves will do people that want to move funds. Easily, securely and maybe anonymously.
LOWEST POINT SO FAR SINCE 32. I'm not a moron that thinks bitcoin traded first for $10.
You are right, but value cannot simply drop forever. If it goes to 0.5 many people will buy.
You mean, like, speculators and hoarders?
Today, 17th October 2011 Bitcoin went to a $2.20 per unit low. Lowest point so far.
WHAT? oh please! N00b!
You are right, but value cannot simply drop forever. If it goes to 0.5 many people will buy. And it's up to $1 again. If it goes to $1.5, fewer than "many" will buy, but still the price can stabilize or rise to 1.7. Anyway, we need stability after this decline.
Yes, it can. Volume can drop to the point that MtGox decides the cost of running the exchange outweighs the money they make, and they close up shop. I promise you nobody will be around to dance with your BTC without MtGox.
Today, 17th October 2011 Bitcoin went to a $2.20 per unit low. Lowest point so far. Lower than the average price needed to produce a coin. On the way down, almost all of the speculators sold. I know lots of people lost money and I'm sorry for them. Some made profit, but nothing to blame. Now there is a real change, and people will start to use bitcoin as a currency and buy things otherwise not available easily or anonymously.
Rally? Dunno, don't care. I do care about shopping for Christmas with some coins.
EDIT: Oh, and try to differentiate us from bitcoin. Bitcoin is still a success, has a great price andnow no major flaws were discovered. It was just speculators (in all their forms: traders, miners, hoarder) got screwd. Including I. Never sold a coin until $6. And generated some with CPU...
Rally? Dunno, don't care. I do care about shopping for Christmas with some coins.
EDIT: Oh, and try to differentiate us from bitcoin. Bitcoin is still a success, has a great price and
You need to check your facts, bitcoins were trading for less than 2.2 for quite a long time.
Excatly...Bitcoins traded for under 2.2 for the majority of the time.
And what's the "average" cost to produce a coin?
Why would they, if they only see it going down? Why risk buying the currency to buy something else, if what they buy is expected to lose value in a day?
You are right, but value cannot simply drop forever. If it goes to 0.5 many people will buy. And it's up to $1 again. If it goes to $1.5, fewer than "many" will buy, but still the price can stabilize or rise to 1.7. Anyway, we need stability after this decline.
Why would they, if they only see it going down? Why risk buying the currency to buy something else, if what they buy is expected to lose value in a day?
Today, 17th October 2011 Bitcoin went to a $2.20 per unit low. Lowest point so far. Lower than the average price needed to produce a coin. On the way down, almost all of the speculators sold. I know lots of people lost money and I'm sorry for them. Some made profit, but nothing to blame. Now there is a real change, and people will start to use bitcoin as a currency and buy things otherwise not available easily or anonymously.
Rally? Dunno, don't care. I do care about shopping for Christmas with some coins.
EDIT: Oh, and try to differentiate us from bitcoin. Bitcoin is still a success, has a great price and now major flaws were discovered. It was just speculators (in all their forms: traders, miners, hoarder) got screwd. Including I. Never sold a coin until $6. And generated some with CPU...
Rally? Dunno, don't care. I do care about shopping for Christmas with some coins.
EDIT: Oh, and try to differentiate us from bitcoin. Bitcoin is still a success, has a great price and now major flaws were discovered. It was just speculators (in all their forms: traders, miners, hoarder) got screwd. Including I. Never sold a coin until $6. And generated some with CPU...
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