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Topic: BIDWALL MELTS!!! - page 2. (Read 4106 times)

hero member
Activity: 672
Merit: 500
October 25, 2011, 08:09:01 AM
#26
You must have really cheap power to still be mining at these prices. 
Why should the current price matter if he's holding? Why should the price matter to enthusiasts at all? My computers ran SETI@home for over a decade, and no-one paid me for that.

Because if may be cheaper to buy than to mine unless he has a source of very cheap electricity.
full member
Activity: 185
Merit: 100
October 25, 2011, 08:06:11 AM
#25
You must have really cheap power to still be mining at these prices. 
Why should the current price matter if he's holding? Why should the price matter to enthusiasts at all? My computers ran SETI@home for over a decade, and no-one paid me for that.
legendary
Activity: 1652
Merit: 1128
October 25, 2011, 07:59:35 AM
#24
You must have really cheap power to still be mining at these prices. 
hero member
Activity: 770
Merit: 502
October 25, 2011, 07:23:05 AM
#23
Will it take about 6-8 more months before it goes up above 4? I got in at $14.7, only in a few months it dropped to 2.

Did you sell at any point or are you still holding? 

As for the future, I don't see a significant rise until next year at this point.  It will bounce up and down for the short term, wiping out those who invested in the "bottom" or the following short term reversal of the past few days, which will allow it to fall even farther.  Future is uncertain as to whether it will recover. 

Nah, I'm holding, not selling, I'm gonna mine till something happens where I can't, like death or end of bitcoin chain etc. Hopefully, in a year or whatever, if the price sky rockets, I will have quite a few bitcoins mined, and will be a good investment. As for the significant rise maybe in a year or more, that is what I kinda thought, it is gonna be a long journey. And hopefully, as the difficulty is dropping like so, in a year difficulty should be great.
legendary
Activity: 1652
Merit: 1128
October 25, 2011, 07:09:40 AM
#22
Will it take about 6-8 more months before it goes up above 4? I got in at $14.7, only in a few months it dropped to 2.

Did you sell at any point or are you still holding? 

As for the future, I don't see a significant rise until next year at this point.  It will bounce up and down for the short term, wiping out those who invested in the "bottom" or the following short term reversal of the past few days, which will allow it to fall even farther.  Future is uncertain as to whether it will recover. 
hero member
Activity: 770
Merit: 502
October 25, 2011, 07:04:16 AM
#21
Will it take about 6-8 more months before it goes up above 4? I got in at $14.7, only in a few months it dropped to 2.
full member
Activity: 185
Merit: 100
October 24, 2011, 09:28:42 PM
#20
Bitcoin doesn't have a fundamental value, and isn't directly convertible in the current state of things. That means its minimal value is just slightly below zero.
International, secure, fast, low-cost, unregulated money transfer is of worth less than 0. Can't wait till I get paid to use Bitcoin!
legendary
Activity: 1246
Merit: 1077
October 24, 2011, 09:15:11 PM
#19
You are dealing with something that has no useful value other than speculators and miners trying to get money out of it.


No useful value.... I disagree strongly. In fact, I can think of very few things which are more useful than Bitcoin.

How is bitcoin any more useful than I0Coin? It isn't. Except I0Coin is worth $0 and bitcoin isn't just yet.

it's more useful because it's accepted at more places and by more people than i0coin.


Canadian Tire money is accepted at more places than Bitcoin, so that's not a valid argument at all. Bitcoin doesn't have a fundamental value, and isn't directly convertible in the current state of things. That means its minimal value is just slightly below zero.

Once Bitcoin becomes useful, I'd think it will go up again. Until them, I'm enjoying shorting them.
hero member
Activity: 812
Merit: 1000
October 24, 2011, 09:02:21 PM
#18
You are dealing with something that has no useful value other than speculators and miners trying to get money out of it.


No useful value.... I disagree strongly. In fact, I can think of very few things which are more useful than Bitcoin.

How is bitcoin any more useful than I0Coin? It isn't. Except I0Coin is worth $0 and bitcoin isn't just yet.

it's more useful because it's accepted at more places and by more people than i0coin.

legendary
Activity: 1092
Merit: 1001
October 24, 2011, 08:59:20 PM
#17
Wow, here comes a fake spike.  Time to short.

Yeah, I watched the whole thing. Sold all my holdings at 2.75 thinking that was already a ridiculous high. The bottom of the bounce will be a good time to buy in I think if it drops past 2.4 I can't imagine the ridiculous optimism of whoever was buying at over $3 on the top end of a huge spike.

Perhaps those over $3 were forced liquidations of short positions?
hero member
Activity: 672
Merit: 500
October 24, 2011, 08:38:12 PM
#16
Wow, here comes a fake spike.  Time to short.

Yeah, I watched the whole thing. Sold all my holdings at 2.75 thinking that was already a ridiculous high. The bottom of the bounce will be a good time to buy in I think if it drops past 2.4 I can't imagine the ridiculous optimism of whoever was buying at over $3 on the top end of a huge spike.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
October 24, 2011, 08:32:49 PM
#15
Wow, here comes a fake spike.  Time to short.
member
Activity: 92
Merit: 10
October 24, 2011, 08:30:35 PM
#14
But, place your bets where you wish - with such confidence surely you are shorting the market? Or are you just talking? I encourage you to profit from your foresight. Bitcoinica will give you 5:1 margin for a short position... why not come back in a month and tell us how much money you've made?! I'll personally apologize to you for my skepticism of your reasoning.

I keep seeing comments similar to this one. Not everyone here is for profit, personally I'm just very interested in what is going on for various reasons related to my day job. I have been negative of the implementation of Bitcoin from the start, but never thought of placing any bets, or trying to short, even though I was sure that the price would continue to drop.

The reason? I simply don't trust the exchanges. Not a single one of them. Not even to short. This I believe is a big part of the problem with BTC, the technology can be as resilient as anything in the world, but the implementation fails at the choke points.
full member
Activity: 210
Merit: 100
October 24, 2011, 05:45:38 PM
#13
The thing is, panic sells usually DO happen after the manipulator pulls out his wall.

I heard people use these bidwalls sellwalls to catch swings so if they are hammered, their tradebots remove and change them.

I'm surprised it dropped again.  I still suspect that the lower it falls, the higher it'll swing up.
legendary
Activity: 1246
Merit: 1077
October 24, 2011, 05:42:55 PM
#12
You are dealing with something that has no useful value other than speculators and miners trying to get money out of it.


No useful value.... I disagree strongly. In fact, I can think of very few things which are more useful than Bitcoin.

How is bitcoin any more useful than I0Coin? It isn't. Except I0Coin is worth $0 and bitcoin isn't just yet.
sr. member
Activity: 316
Merit: 250
October 24, 2011, 05:24:52 PM
#11
no, still a 36k bitwall at 2$, according to mtgox' market depth.
hero member
Activity: 602
Merit: 500
October 24, 2011, 03:57:52 PM
#10
Anyone notice the $2.00 bidwall gone?
hero member
Activity: 602
Merit: 500
October 24, 2011, 03:51:26 PM
#9
No useful value.... I disagree strongly. In fact, I can think of very few things which are more useful than Bitcoin.

holy crap, you must not have much in your life

your right, if bitcoin can by me hookers or girls, I would then consider it useful.
hero member
Activity: 798
Merit: 1000
October 24, 2011, 03:30:12 PM
#8
No useful value.... I disagree strongly. In fact, I can think of very few things which are more useful than Bitcoin.

holy crap, you must not have much in your life
hero member
Activity: 602
Merit: 500
October 24, 2011, 03:27:09 PM
#7
I love it, been saying in my recent posts that once this wall goes, it is all downhill.

Still too much optimism around here. Not nearly as much as a few months ago, but you speculators need to be shaken up a bit more until you learn your lesson. You still just don't get it that your dealing with an item similar to an antique. The only problem is, every single minute more and more of the item you own are getting thrown into the market.

This is not like stocks, which are a fixed amount and make you money through company profits. It is not like a commodity where people actually need to use the item. You are dealing with something that has no useful value other than speculators and miners trying to get money out of it.

You will all get burned, dropping from $30 to $2 was not enough to stop the optimism. Hopefully the next downturn will beat you guys up enough to stop with the crap about bitcoin rising again.
you just want to buy @1.5$ admit it

more like under $1.00  Wink
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