Topic: Bitcoin to $0.50 (Read 4198 times)
YEA! Liquidate them all! Cheap coins. I was too cheap to buy at $5 when I knew I should, I'm sure as hell going to buy them at $0.50! I'll buy all the way down! WOOHOO! GOXX'EM!
haha there should be another sub-section in this section.. that will be called
"Wild Speculation" where members can post threads like this and threads claiming btc to 100k :p
"Wild Speculation" where members can post threads like this and threads claiming btc to 100k :p
+1! A call for 50 cents is too extreme for the regular speculation section
haha there should be another sub-section in this section.. that will be called
"Wild Speculation" where members can post threads like this and threads claiming btc to 100k :p
"Wild Speculation" where members can post threads like this and threads claiming btc to 100k :p
+1! A call for 50 cents is too extreme for the regular speculation section
Yuup, once again someone trying to deliberately make the price unstable by spreading rumors.
Some people are too stupid. How many people would buy at 1$/btc? I would buy at least 1000. But noboby can know that. I don't make a buy order at that price at stamp for never getting filled. I would get no interest or gains for that $1000.
So, noboby can know how many coins needs to get dumped to get to such low prices. I would guess even if all states forbide it, we would not go below 1$. Ok, maybe Bitcoin gets surpassed my an more advanced technology in one day but so far Bitcoin has no real competitor in its field...
So, noboby can know how many coins needs to get dumped to get to such low prices. I would guess even if all states forbide it, we would not go below 1$. Ok, maybe Bitcoin gets surpassed my an more advanced technology in one day but so far Bitcoin has no real competitor in its field...
True story.
I just saw .50 USD/mBTC on bitcoinity.
I just saw .50 USD/mBTC on bitcoinity.
This is what I thought when I read the topic title
Bad news 
What is bad news? Did you only read the OP and not the comments explaining why he's wrong? Bitcoin wouldn't be $0.5 even if SHA-256 was completely cracked by the NSA.
Cracking SHA-256 would only allow you to insta-mine until all 21million are mined.
If this happened, the blockchain would be rolled back and frozen just prior to the first problematic block. A new proof of work would be incorporated into the Bitcoin protocol with a new version, and everything would continue. This would only be a temporary outage for a few hours. It would be much more problematic for miners, however. ASIC owners would need new hardware. GPU owners would run the game once again.
In light of OP's post, and my generous nature, I am announcing that I am purchasing EVERY available bitcoin at $1.00 each. This more than double OP's predicted value of bitcoin!
Ok guys.
I make a BID:
200'000 BTC @ $1.00
So yeah, it will never flashcrash to this price!
Oh, no you don't. No way I'm missing out on these cheap coins. I bid $1.25. I make a BID:
200'000 BTC @ $1.00
So yeah, it will never flashcrash to this price!
Bad news
Bitcoin wouldn't be $0.5 even if SHA-256 was completely cracked by the NSA.
Cracking SHA-256 would only allow you to insta-mine until all 21million are mined.
Bitcoin wouldn't be $0.5 even if SHA-256 was completely cracked by the NSA.
Not now, they hold it for decades and dump them all, that will hurt, by then it will destroy trillions of market value
However, if they indeed have that amount of bitcoin by then, they don't need to cash out. And I'm afraid the exchanges and banks won't allow that amount of cash flow either
However, if they indeed have that amount of bitcoin by then, they don't need to cash out. And I'm afraid the exchanges and banks won't allow that amount of cash flow either
What's the big deal? Miners create 200,000 BTC every 55 days.
Your point being? What does that statement have to do with the topic?Considering the fact that miners conjure up bitstamps entire bidbook every 5 days and this hasn't crashed the price. The 200k gox coins are irrelevant.
Second off, nobody will market dump 200k on Bitstamp. Why? Because bitstamp will never pay you out. Owners are already in flashy cars, while hitting withdrawals with AML/KYC excuses.
Third off, this assumes no side fiat enters to provide bids. 200k coins is like what 48hrs of volume on some days? That is nothing.
Fourth, this assumes Mt.Gox even had 200k BTC. Mt.Gox is posting theoretical balances from when bitcoin was worth a few penny's. Seriously the realistic victim losses are closer to $10-15million USD, nowhere near $100-500mil. Mt.Gox order books had what, 40k btc on them back in Spring 2013? By the end of the year it was closer to 20k btc. Are you really going to believe 180k BTC were idling around an exchange that has had warning signs for 8months prior?
Bitcoin has also never had more then 50mil on all exchanges combined in available fiat bids, and that is being generous. Bitstamp is lucky to see over $10mil of active bids.
Mt.Gox is old news.
Ok guys.
I make a BID:
200'000 BTC @ $1.00
So yeah, it will never flashcrash to this price!
And if it does, I'm right here, ready to buy buy buy till everything is restored back to normal. I make a BID:
200'000 BTC @ $1.00
So yeah, it will never flashcrash to this price!
Ok guys.
I make a BID:
200'000 BTC @ $1.00
So yeah, it will never flashcrash to this price!
I make a BID:
200'000 BTC @ $1.00
So yeah, it will never flashcrash to this price!
What's the big deal? Miners create 200,000 BTC every 55 days.
Your point being? What does that statement have to do with the topic?
What's the big deal? Miners create 200,000 BTC every 55 days.
We need a Fantasy board.
It's already here, called Speculation. 
We need a Fantasy board.
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