Topic: Bitcoin dropping, I love it. (Read 3749 times)
I think this thread needs a train.
Though it's not going to be very good for you if it keeps dropping. Maybe people will be laughing at you in a few months' time for buying at 400.
What was that sound? A crow you say? Knocking at your chamber door?
You might have to eat it to get rid of it.
You're just in a bad mood because you are a day trader, and the price is tanking.
You have no confidence in the future, so this is your "window jumping" moment.
You proved his theory correct.
Meanwhile I have "X" times as many bitcoins as I did the day I started out.
All I have done is buy and hold from day 1.
-B-
You have no confidence in the future, so this is your "window jumping" moment.
You proved his theory correct.
Meanwhile I have "X" times as many bitcoins as I did the day I started out.
All I have done is buy and hold from day 1.
-B-
If you had looked through my posts you wouldn't say that. Day traders can make $ and BTC when the market goes up OR down
Edit: dude that is depressing as hell. are you telling me that you havent even recovered your initial investment?
What's bullshit?
That I believe Bitcoin will succeed long term?
Obviously I believe that if I am holding right now, and buying more.
Nobody said I wasn't also going to enjoy the profits.
He said "Just" want to make money.
Nevermind. Talking to a dummy. (see signature)
That I believe Bitcoin will succeed long term?
Obviously I believe that if I am holding right now, and buying more.
Nobody said I wasn't also going to enjoy the profits.
He said "Just" want to make money.
Nevermind. Talking to a dummy. (see signature)
I don't "just" want to make money either. I want to short the market while watching perma bulls squirm, clinging to their "hodler" cult bullshit
Werent you the guy that repeatedly goes off about traders causing volatility? Who's the dummy here?
You might be happy because you are able to buy more. But in general, this can be extremely band news for Bitcoin. Do you think any shopkeeper will trust a currency which goes from $1,200 to $400 in a month's time?
vast majority of places that "accept bitcoin" get paid in cash from the company handling the transaction. As long as they are getting increased sales from accepting it, they don't care what its price is.
You're just in a bad mood because you are a day trader, and the price is tanking.
You have no confidence in the future, so this is your "window jumping" moment.
You proved his theory correct.
Meanwhile I have "X" times as many bitcoins as I did the day I started out.
All I have done is buy and hold from day 1.
-B-
You have no confidence in the future, so this is your "window jumping" moment.
You proved his theory correct.
Meanwhile I have "X" times as many bitcoins as I did the day I started out.
All I have done is buy and hold from day 1.
-B-
What's bullshit?
That I believe Bitcoin will succeed long term?
Obviously I believe that if I am holding right now, and buying more.
Nobody said I wasn't also going to enjoy the profits.
He said "Just" want to make money.
Nevermind. Talking to a dummy. (see signature)
That I believe Bitcoin will succeed long term?
Obviously I believe that if I am holding right now, and buying more.
Nobody said I wasn't also going to enjoy the profits.
He said "Just" want to make money.
Nevermind. Talking to a dummy. (see signature)
I am holding because I believe in Bitcoin.
Obviously he's comparing that to people who try to play the system for a quick buck, with no confidence in the technology.
Bad wording on his part.
Bad comprehension on yours.
-B-
Obviously he's comparing that to people who try to play the system for a quick buck, with no confidence in the technology.
Bad wording on his part.
Bad comprehension on yours.
-B-
Whatever you gotta tell yourself
It's bullshit and we both know it
Like I said earlier, the buy and holders around here are the biggest book talkers of them all
Its funny cause bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money.
I couldn't have said it better myself.
See my signature for why.
-B-
Is that a joke?
Buy and hold = you are trying to reap long term speculative gains. You are looking for money
What else am I suppose to do? Get a job?
lol jk
He said those "just" looking for money. Versus those who believe in Bitcoin.
I am holding because I believe in Bitcoin.
Bad wording on his part.
Bad comprehension on yours.
-B-
I am holding because I believe in Bitcoin.
Bad wording on his part.
Bad comprehension on yours.
-B-
Its funny cause bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money.
I couldn't have said it better myself.
See my signature for why.
-B-
Is that a joke?
Buy and hold = you are trying to reap long term speculative gains. You are looking for money
bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money.
I couldn't have said it better myself.
See my signature for why.
-B-
You might be happy because you are able to buy more. But in general, this can be extremely band news for Bitcoin. Do you think any shopkeeper will trust a currency which goes from $1,200 to $400 in a month's time?
Sure they will because the BTC transaction confirms in 10 minutes and Bitpay transactions take only seconds to complete
Not a month, not a week, not even an hour.
Thus volatility is not a problem.
Waiting and extremely skeptical I'll take a look after the 15th.
FiatLeak shows trades. So if A buys 10 BTC from B and A sells 10 BTC from C, and A, B, and C are in China that shows 20 BTC traded (perhaps for litcoin), but there may be no net inflow of money coming from people in China (or anywhere else it tracks).
It is an interesting site, but the premise that it is only showing money flowing from fiat into BTC then it is not correct. It shows SOME money flowing from fiat into BTC, but it also shows trading in bitcoin that does not represent new money flowing into bitcoin.
It is an interesting site, but the premise that it is only showing money flowing from fiat into BTC then it is not correct. It shows SOME money flowing from fiat into BTC, but it also shows trading in bitcoin that does not represent new money flowing into bitcoin.
Funny...
Supposively this huge drop in BTC price is due to "Deposit Freezes at Chinese Exchanges" by chinese banks.
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
But then I went to FiatLeak and saw that China is still buying lots of BTC !
http://fiatleak.com/
Is FiatLeak fake?
Can anybody explain this?
Thanks,
Supposively this huge drop in BTC price is due to "Deposit Freezes at Chinese Exchanges" by chinese banks.
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
But then I went to FiatLeak and saw that China is still buying lots of BTC !
http://fiatleak.com/
Is FiatLeak fake?
Can anybody explain this?
Thanks,
Funny...
Supposively this huge drop in BTC price is due to "Deposit Freezes at Chinese Exchanges" by chinese banks.
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
But then I went to FiatLeak and saw that China is still buying lots of BTC !
http://fiatleak.com/
Is FiatLeak fake?
Can anybody explain this?
Thanks,
Supposively this huge drop in BTC price is due to "Deposit Freezes at Chinese Exchanges" by chinese banks.
http://www.coindesk.com/deposit-freeze-chinese-exchanges-drives-bitcoin-price-below-400/
But then I went to FiatLeak and saw that China is still buying lots of BTC !
http://fiatleak.com/
Is FiatLeak fake?
Can anybody explain this?
Thanks,
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
The exchange rate volitility is a minor issue. It'll go away over time. Merchants can accept bitcoins without having to fear fraud, counterfeits, or chargebacks. If they aren't comfortable with the volitility, they can be exchanged instantly for fiat. There is no safer payment method for a merchant than bitcoins.
Fraud is also a major concern. With so many wallet hacks and coin robberies happening, we can't exactly say that Bitcoin is completely devoid of fraud.
They're definitely needs to be more security on wallets for mainstream adoption. I'm sure these will come with time though.
Fraud is also a major concern. With so many wallet hacks and coin robberies happening, we can't exactly say that Bitcoin is completely devoid of fraud.
Yes, but that sort of fraud is a secondary nature. The payment to the merchant is completely safe. Once the merchant has the payment, it is completely within their control to keep it safe.
To put it in another form, all other payment methods are like accepting 0-confirmation bitcoin transactions. They may or may not be valid. A 6-confirmation bitcoin transfer is far safer than every other payment method in existence.
The exchange rate volitility is a minor issue. It'll go away over time. Merchants can accept bitcoins without having to fear fraud, counterfeits, or chargebacks. If they aren't comfortable with the volitility, they can be exchanged instantly for fiat. There is no safer payment method for a merchant than bitcoins.
Fraud is also a major concern. With so many wallet hacks and coin robberies happening, we can't exactly say that Bitcoin is completely devoid of fraud.
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
Do you think any shopkeeper will trust a currency which goes from $1,200 to $400 in a month's time?
The exchange rate volitility is a minor issue. It'll go away over time. Merchants can accept bitcoins without having to fear fraud, counterfeits, or chargebacks. If they aren't comfortable with the volitility, they can be exchanged instantly for fiat. There is no safer payment method for a merchant than bitcoins.
It's more worrying for the users to be fair. People aren't going to spend their coins when they've lost half their value that they bought 'em for.
Jump to: