this does highlight one thing.
when someone holds bitcoin due to true value day trading or mining they wont sell at a loss, thus creating a resistance point.. the only problem is when they buy an item 'thinking' its value is on-par with their bitcoin profit, they would spend/sell. yet if that item was vapour product (no cost/no true value) the person receiving bitcoin has no costs to worry about and such would sell bitcoin for anything as its pure profit.
again..
unlike investors who trade bitcoin-fiat who may have bought for over $500, along with miners who have mining costs in excess of $500, these nasty scammy vapour coin makers such as ripple, ether, next, etc. will sell bitcoin for fiat at any price. even below the resistance point of true value day-traders/miners.
so will people stop buying crap or your just ruining the resistance points where smart people refuse to sell for less. dont let the scammy people selling vapour items ruin the price
Topic: Bitcoin being killed by ethereum dump - page 5. (Read 5694 times)
A must read for all those getting scammed into ethereum: http://gavintech.blogspot.com/2014/06/bit-thereum.html
And for anyone who honestly believes bitcoin is being "killed" by this non-factor new altcoin, have a look at the big picture reality:
All of this has happened before, all of it will happen again. And again. And again. And again until fiat no longer exists.
And for anyone who honestly believes bitcoin is being "killed" by this non-factor new altcoin, have a look at the big picture reality:
All of this has happened before, all of it will happen again. And again. And again. And again until fiat no longer exists.
ethereum is just Ripple scam 2.0, except they are cashing out way earlier than Ripple did.
ethereum founder's new mansion thank you for your donation.
I'm not even sure why centralized shit like Ripple or ethereum can even scam anyone from Bitcoin community.
ethereum founder's new mansion thank you for your donation.
I'm not even sure why centralized shit like Ripple or ethereum can even scam anyone from Bitcoin community.
I don't think that ethereum IPO have influenced the bitcoin's drop in value, but I'm still a newbye..
What I find interesting:
With 1 BTC you could buy about 0,1-1% of coins like dogecoin,darkcoin in their beginings.
With 1 Btc here you ar buying about 0,00385%
To say that differently . You are trusting ethereum about 30-300X more than Darkcoin in its beginning. Interesting.
Or you could invest in 3000-30000 beginning altcoins.
Dont you think few would made that 10x-100x push?
Those mentioned above did just that.
-------------------------------------------------
Now to bitcoin:
The GREAT transparecy and anouncment of the 4000+BTC dumb just killed 20% of bitcoins price. Thats just fantastical. I love to see this. Propably will go around 480 and rebounce (I love it cause I am gonna buy then) but man. Aint those clowns from ethereum stupid, anouncing the dump and dumping the price on them...
With 1 BTC you could buy about 0,1-1% of coins like dogecoin,darkcoin in their beginings.
With 1 Btc here you ar buying about 0,00385%
To say that differently . You are trusting ethereum about 30-300X more than Darkcoin in its beginning. Interesting.
Or you could invest in 3000-30000 beginning altcoins.
Dont you think few would made that 10x-100x push?
Those mentioned above did just that.
-------------------------------------------------
Now to bitcoin:
The GREAT transparecy and anouncment of the 4000+BTC dumb just killed 20% of bitcoins price. Thats just fantastical. I love to see this. Propably will go around 480 and rebounce (I love it cause I am gonna buy then) but man. Aint those clowns from ethereum stupid, anouncing the dump and dumping the price on them...
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