Bitcoin in freefall... Too bad for those people who bought over 100$! hahaha - page 2.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: Flashman on December 19, 2014, 08:46:00 AM

Quote from: jonald_fyookball on December 19, 2014, 08:23:28 AM

And why would you find that unlikely? Is that not a reasonable assumption?
Mining is a serious business. Businesses always seek to maximize quarterly
and annual profits on behalf of their shareholders.

Most are privately held so not slaves to the quarterly cycle. i.e. they can set longer term goals without getting sued for not propping up this quarters numbers at the expense of having any future.

Somewhat true I think...still, even most
private companies aren't owned by
one single person. Partners and investors
still want to be paid.

Anyway its all just speculation.

HCLivess

legendary

Activity: 2114

Merit: 1090

=== NODE IS OK! ==

100 and 10 look like some pretty good targets, but can we make it happen? Huh

Aemon

sr. member

Activity: 308

Merit: 250

Don't think it can't go back up? They still might make tons of money, no one will know what is going to happen here until it actually happens. Until then, don't invest what you can't afford to lose and have some fun!

BigBertie

newbie

Activity: 14

Merit: 0

Quote from: youngmike on December 18, 2014, 07:45:14 AM

Soon the great btc tulip mania is over

Bitcoin going under 100$ and never going back up where it was

Leaving believers to believe, traders, investors and corporations moving on

young Mike. You are obsessed with Tulip mania.

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Quote from: jonald_fyookball on December 19, 2014, 08:23:28 AM

And why would you find that unlikely? Is that not a reasonable assumption?
Mining is a serious business. Businesses always seek to maximize quarterly
and annual profits on behalf of their shareholders.

Most are privately held so not slaves to the quarterly cycle. i.e. they can set longer term goals without getting sued for not propping up this quarters numbers at the expense of having any future.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: Flashman on December 19, 2014, 08:11:52 AM

Quote from: jonald_fyookball on December 19, 2014, 07:55:47 AM

right now there is a lot of miners selling more than usual to maximize their year end revenues.

I would find that unlikely, I'd find it more likely that it's just private holders doing a lot of Christmas shopping.

And why would you find that unlikely? Is that not a reasonable assumption?
Mining is a serious business. Businesses always seek to maximize quarterly
and annual profits on behalf of their shareholders.

Kprawn

legendary

Activity: 1904

Merit: 1074

Yea keep watching the price to rate the value of bitcoin Wink

{You might miss the gem in it's use}

People who use remittance already get hundreds of $ in savings, from using BTC

People who buy from merchants using BTC save hundreds of $ in fees, and the same goes for merchants, using the currency as a payment method.

It is natural that you would see a drop in price, when mayor retailers like Microsoft or Dell enter the scene. {Lot more coins are being used from hoarders of BTC to buy products on offer, and to make things worst, is these merchants and retailers only enter the scene to convert it back to fiat}

They want more sales and then they accept the currency, but they need to pay their overheads in fiat, so they just dump more coins back onto exchanges, pushing the price down. Angry

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Quote from: jonald_fyookball on December 19, 2014, 07:55:47 AM

right now there is a lot of miners selling more than usual to maximize their year end revenues.

I would find that unlikely, I'd find it more likely that it's just private holders doing a lot of Christmas shopping.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

I am predicting a huge spike in early 2015. right now there is a lot of miners selling more than usual to maximize their year end revenues.

solomon

full member

Activity: 120

Merit: 100

If BTC goes under $100, I'm going all in

UnlikelyStory

newbie

Activity: 28

Merit: 0

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Tulip mania?!! I thought Bitcoin was actually a known Ponzi Scheme???

I kid, but seriously if Bitcoin fell to sub $100 levels, that thing would spike up like no tomorrow with all the believers here in this forum. The permabulls, bullwhales, and speculators would all go all in in getting some cheap coins, myself included.

As long as the technology and ecosystem continues to grow, don't worry about the price. It's deflationary by nature, it's rose throughout it's history, it'll pop back up sooner or later.

BADecker

legendary

Activity: 3906

Merit: 1373

Getting near low enough to think about buying more.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: youngmike on December 18, 2014, 07:45:14 AM

Soon the great btc tulip mania is over

Bitcoin going under 100$ and never going back up where it was

Leaving believers to believe, traders, investors and corporations moving on

Why do you care? You don't have any btc. You haven't been here long enough to have bought for under $100. If you started mining when you came here you spent way over $100 each in equipment cost. So either you're a total dumbass making fun of yourself or you don't have any btc. Think about this: If you don't have any btc and you don't really care, you're masturbating. Can I get you some Kleenex?

koshgel

legendary

Activity: 1162

Merit: 1001

Quote from: youngmike on December 18, 2014, 07:45:14 AM

Soon the great btc tulip mania is over

Bitcoin going under 100$ and never going back up where it was

Leaving believers to believe, traders, investors and corporations moving on

Under $100? Why so pessimistic?

Nothing to indicate prices will be going that low

hyphymikey

hero member

Activity: 784

Merit: 1000

Please lawd let it fall to $100, I will line my wallets full of bitcoin at that price.

casinobonus

full member

Activity: 142

Merit: 100

In my opinion, i think BTC will grow up 400 after X-Mas.. i think investor take profit so our price of BTC fall down

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: gargantuar on December 18, 2014, 08:45:13 PM

Quote from: 1Referee on December 18, 2014, 08:34:25 PM

Quote from: youngmike on December 18, 2014, 07:45:14 AM

Soon the great btc tulip mania is over

Bitcoin going under 100$ and never going back up where it was

Leaving believers to believe, traders, investors and corporations moving on

Under $100? I can't wait!!!

Why do people compare Bitcoin with the tulip mania over and over again?

Can't you think of something else?

I wonder too (about the tulip mania comparison). Over the years I have noticed this forum displays a vast range of IQs. Bitcoin has few similarities with tulip bulb mania. It is also not a Ponzi scheme and never will be. Depending on how things end, there may be "bag holders" but that does not make it a Ponzi or Tulip and the bag holders are more likely the aforementioned for reasons other than the brilliant and sound invention we call bitcoin.

Odd how the simple folk fixate/perseverate on a single similarity and make up their minds (e.g. rhinos are gray; this elephant is gray. This elephant must be a rhino).

The bubble comparison is very relevant. 2014 is ending and BTC under-performed every asset class in town. Even the Argentine Peso. It's memorable

gargantuar

member

Activity: 71

Merit: 10

Quote from: 1Referee on December 18, 2014, 08:34:25 PM

Quote from: youngmike on December 18, 2014, 07:45:14 AM

Soon the great btc tulip mania is over

Bitcoin going under 100$ and never going back up where it was

Leaving believers to believe, traders, investors and corporations moving on

Under $100? I can't wait!!!

Why do people compare Bitcoin with the tulip mania over and over again?

Can't you think of something else?

I wonder too (about the tulip mania comparison). Over the years I have noticed this forum displays a vast range of IQs. Bitcoin has few similarities with tulip bulb mania. It is also not a Ponzi scheme and never will be. Depending on how things end, there may be "bag holders" but that does not make it a Ponzi or Tulip and the bag holders are more likely the aforementioned for reasons other than the brilliant and sound invention we call bitcoin.

Odd how the simple folk fixate/perseverate on a single similarity and make up their minds (e.g. rhinos are gray; this elephant is gray. This elephant must be a rhino).

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: youngmike on December 18, 2014, 07:45:14 AM

Soon the great btc tulip mania is over

Bitcoin going under 100$ and never going back up where it was

Leaving believers to believe, traders, investors and corporations moving on

Under $100? I can't wait!!!

Why do people compare Bitcoin with the tulip mania over and over again?

Can't you think of something else?

Topic: Bitcoin in freefall... Too bad for those people who bought over 100$! hahaha - page 2. (Read 4836 times)