Author

Topic: Bitcoin BROKE INTO $500's on GOX! CRASHING FAST! (Read 1770 times)

sr. member
Activity: 280
Merit: 250
December 18, 2013, 02:35:14 AM
#16
Yeah, I just came back during this recent price spike. I guess just like why I came around in 2011 during that price spike.

What amazes me is the bullish sentiment that is almost blind and religious. The people really believe that the price will not fall and will go to astronomical levels.

It kind of fascinates me that these bulls can not see the truth that the price is totally not sustainable so I stick around while the price falls.



Ed, you're the worst of the bears.  Do you know why?  Like so many of them, you're right for the wrong reasons.  All this bubble talk is nonsense.  How many times do I have to tell you, there is no such thing as a bubble?  Bubble implies a nominal value for something (no bubble -> bubble -> bubble pops, back to no bubble).  This is a rapid change in speculated value because a gov't basically made Bitcoin procurement a huge pain in the ass for a big chunk of the world population.  Fuck your charts, hunches and all that nonsense.  By your reasoning, anything with a value that can be affected by gov't action is a bubble.  I'm neither a bull nor a bear, just a person analyzing Bitcoin in a levelheaded fashion without resorting to smear words like "bubble", "astronomical", etc.
sr. member
Activity: 308
Merit: 251
Giga
Btc is $430 in Btcchina...
hero member
Activity: 602
Merit: 500
Yeah, I just came back during this recent price spike. I guess just like why I came around in 2011 during that price spike.

What amazes me is the bullish sentiment that is almost blind and religious. The people really believe that the price will not fall and will go to astronomical levels.

It kind of fascinates me that these bulls can not see the truth that the price is totally not sustainable so I stick around while the price falls.

I do try and help and tell people to sell during the way to the bottom. Even this time at $1000 I made a post specifically telling people to sell and it would be their last chance to sell above $1000.


sr. member
Activity: 502
Merit: 251
Edward50 you still around here after all this time ?  Kinda ironic and hilarious. You were a perma bear at $5 back in 2011, no one can expect that to change at $600 or $400 or $100.

ROFL, he is the king bear!

LOL after this collapse ed woudnt pay a quarter for a btc.
sr. member
Activity: 308
Merit: 251
Giga
Hooly crap! $515 on coinbase, looks like a freefall. The chinese news is real not FUD, i guess they are on their way to sell 100% of their holdings.

full member
Activity: 238
Merit: 100
Edward50 you still around here after all this time ?  Kinda ironic and hilarious. You were a perma bear at $5 back in 2011, no one can expect that to change at $600 or $400 or $100.

ROFL, he is the king bear!
sr. member
Activity: 280
Merit: 250
600 is new resistance on gox... lol @ all the Chinese buyers right now, their obviously sending it to other exchanges to cash out at higher prices as we speak

Also a lot of people sending coins to BTCN, selling, and waiting to snatch them up much, much cheaper when all the coins are shipped to other exchanges or cashed out over the next days/weeks.  This assumes that there will be a lot of people on BTCN who aren't interested in liquidating overseas.  Result .. big spread between BTCN and all other exchanges.  Big profits for someone willing to gamble.
legendary
Activity: 1025
Merit: 1001
550 dollar on Kraken lawl!
full member
Activity: 142
Merit: 100
Edward50 you still around here after all this time ?  Kinda ironic and hilarious. You were a perma bear at $5 back in 2011, no one can expect that to change at $600 or $400 or $100.
full member
Activity: 238
Merit: 100
600 is new resistance on gox... lol @ all the Chinese buyers right now, their obviously sending it to other exchanges to cash out at higher prices as we speak
newbie
Activity: 5
Merit: 0
I'm loving this Cheesy sold at 800€ and soon be buying double amount Wink
hero member
Activity: 602
Merit: 500
Mt GOX. broke under $600 dollars!
sr. member
Activity: 280
Merit: 250
We're going to find out exactly how high China has been propping up the price of a Bitcoin .. down to $300?  Hell, who knows.
hero member
Activity: 602
Merit: 500
What are you waiting for, keep buying

Many people are expecting $450 and lower on BTCE troll box. Expectations are really low, we are going to go really low soon.

I bet the bears who thought the bottom would be $600 are rethinking their positions now.
legendary
Activity: 1330
Merit: 1000
dafar consulting
What are you waiting for, keep buying! Smiley
hero member
Activity: 602
Merit: 500
Gox under $600 dollars. Everything is free falling. China selling off like crazy.
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