Bitcoins to crash?? | Bitcointalksearch.org

boumalo

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Quote from: SuperHakka on February 20, 2014, 09:30:23 AM

Quote from: niothor on December 07, 2013, 04:57:26 PM

Quote from: SuperHakka on December 06, 2013, 09:08:56 PM

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

Yup, I surely do. I'm a jaynius now eh?

You feel pretty smart now

SuperHakka

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Quote from: niothor on December 07, 2013, 04:57:26 PM

Quote from: SuperHakka on December 06, 2013, 09:08:56 PM

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

Yup, I surely do. I'm a jaynius now eh?

Hfertig

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Quote from: niothor on December 07, 2013, 04:57:26 PM

Quote from: SuperHakka on December 06, 2013, 09:08:56 PM

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

I just received EUR 1000 two days ago. It took 2 weeks, but it it is there.

niothor

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in defi we trust

Quote from: SuperHakka on December 07, 2013, 05:10:48 PM

Quote from: niothor on December 07, 2013, 04:57:26 PM

Quote from: SuperHakka on December 06, 2013, 09:08:56 PM

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

i means that there is a tipping point that when peeps withdraw enmasse from mt gox it would not shock me if they just shut the doors. if they pull a loop on yer, they are capable of anything Tongue

Look at the volume , and then think how much gox is making from the fees , even with their crappy engine.
There is no need for them to shut the doors.

SuperHakka

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Quote from: niothor on December 07, 2013, 04:57:26 PM

Quote from: SuperHakka on December 06, 2013, 09:08:56 PM

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

i means that there is a tipping point that when peeps withdraw enmasse from mt gox it would not shock me if they just shut the doors. if they pull a loop on yer, they are capable of anything Tongue

niothor

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Activity: 826

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in defi we trust

Quote from: testerx on December 06, 2013, 10:55:27 PM

Quote from: navidos on December 06, 2013, 09:25:53 PM

Quote from: Kenshin on December 06, 2013, 09:24:01 PM

For Fuck sake it went to $650 early. It is dropping like no tomorrow. I think China is selling their bitcoins since they can't use them.

What do you mean they can't use them

)

It's not fiat

Companies in China were also banned from pricing things in BTC, i.e. you can't treat it as a real currency in China. That's why Baidu had to pull Bitcoin acceptance.

Unfortunately while you can still speculate in China it's not going to be able to take off as a viable currency in China because of this stupid ass ruling so until they change their mind it's pretty much prevented what was a very, very, promising start in China. What we need are Chinese folks who will do what the Bitcoiners here did before congress-lobby the hell out of their politicians to make Bitcoin work.

People should first understand that the hype was about what could China bring.
Bitcoins weren't even used as a currency , baidu subsidiary got 30 spam transactions in two month , that's all.
The whole picture wasn't affected by the ruling , just dream of what may happen.

niothor

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in defi we trust

Quote from: SuperHakka on December 06, 2013, 09:08:56 PM

now all you bulls who just panicked selled in the last hour, you got a much bigger problem, just how the fudge do you all get the cash out of Mt Gox's bank account together? answers on postcards.

Do you honestly believe nobody can get cash out of Mtgox?

PenAndPaper

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Quote from: EETanner on December 06, 2013, 11:30:59 PM

I don't post very much. However, I wanted to point out the current graphical trading patterns on fiatleak.com. Not that it can't change, but I think it means something that trading is still heavy in comparison to all other countries -- even after this announcement. Just for consideration.

Edit: bad comma.

I think what we see here is everyone else panicking except the chinese. Actually they panic also but because of everyone else. Roll Eyes

EETanner

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I don't post very much. However, I wanted to point out the current graphical trading patterns on fiatleak.com. Not that it can't change, but I think it means something that trading is still heavy in comparison to all other countries -- even after this announcement. Just for consideration.

Edit: bad comma.

PenAndPaper

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Activity: 252

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Quote from: t1000 on December 06, 2013, 11:02:24 PM

Quote from: GriTBitS on December 06, 2013, 11:00:13 PM

i just put my order in for 10000 at a $1 each i wanna be in the valdamer club too!!!!

I assume that many are doing the same at $2, $5 and $10.

If bitcoin goes back to $1 then it will take some clicks in a faucet to get one. Not going to happen obviously.

t1000

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Quote from: GriTBitS on December 06, 2013, 11:00:13 PM

i just put my order in for 10000 at a $1 each i wanna be in the valdamer club too!!!!

I assume that many are doing the same at $2, $5 and $10.

GriTBitS

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“A decentralized registry for unique assets”

i just put my order in for 10000 at a $1 each i wanna be in the valdamer club too!!!!

testerx

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Quote from: navidos on December 06, 2013, 09:25:53 PM

Quote from: Kenshin on December 06, 2013, 09:24:01 PM

For Fuck sake it went to $650 early. It is dropping like no tomorrow. I think China is selling their bitcoins since they can't use them.

What do you mean they can't use them

)

It's not fiat

Companies in China were also banned from pricing things in BTC, i.e. you can't treat it as a real currency in China. That's why Baidu had to pull Bitcoin acceptance.

Unfortunately while you can still speculate in China it's not going to be able to take off as a viable currency in China because of this stupid ass ruling so until they change their mind it's pretty much prevented what was a very, very, promising start in China. What we need are Chinese folks who will do what the Bitcoiners here did before congress-lobby the hell out of their politicians to make Bitcoin work.

cowandtea

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I say its just a temporary crash due to china ban bitcoin for transaction... its about to go up again....

RoadTrain

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Quote from: Paya on December 06, 2013, 09:39:48 PM

Unfortunately for all this time btc hasn't really become much more usefull for common folk and in everyday life than it used to be, say, two years ago, It's still just speculators game with almost nothing to give it a solid, strong back. That 1000+ price was just ridiculous. But as btc markets are driven primarily by wishes, hopes and a bit of delusion, it may bounce back to 4-digit numbers in near future... bagain to same unsustainable, unhealthy and highly volatile spot vulnerable to wild market manipulations which are constantly driving away any serious business as well as "normal" people. Freak show still goes strong.

You miss the point.
Bitcoin can't be stable unless it has a massive market cap. That means it HAS to be expensive.
Otherwise hot money will come in and out everytime causing volatility.

PenAndPaper

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Activity: 252

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Quote from: merv77 on December 06, 2013, 10:38:34 PM

Quote from: PenAndPaper on December 06, 2013, 09:56:34 PM

Quote from: Cluster2k on December 06, 2013, 09:07:47 PM

Maybe bitcoins will finally return to the value of their actual utility instead of speculative betting on possible future uses. Did people expect bitcoin to continue doubling in price every week?

Care to name that actual utility price? I don't think that using bitcoin as a currency is something outside bitcoins utility. It's just that china ruined it.

I think the Chinese shouldn't panic, they are savers and in the long term things will change.

The German government has accepted bitcoin as legal currency recently. http://youtu.be/okNhH7EoV6I other countries will follow.

it's probably a good time to start buying, otherwise will be kick ourselves when it goes up and over $1000 next year.

Afaict the chinese are panicking because everyone else is panicking.
Also if you are referring to the german news from some months ago then no they haven't accepted bitcoins as a legal currency. It's a little more complicated than that.

merv77

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1.21 GIGA WATTS

Quote from: PenAndPaper on December 06, 2013, 09:56:34 PM

Quote from: Cluster2k on December 06, 2013, 09:07:47 PM

Maybe bitcoins will finally return to the value of their actual utility instead of speculative betting on possible future uses. Did people expect bitcoin to continue doubling in price every week?

Care to name that actual utility price? I don't think that using bitcoin as a currency is something outside bitcoins utility. It's just that china ruined it.

I think the Chinese shouldn't panic, they are savers and in the long term things will change.

The German government has accepted bitcoin as legal currency recently. http://youtu.be/okNhH7EoV6I other countries will follow.

it's probably a good time to start buying, otherwise will be kick ourselves when it goes up and over $1000 next year.

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: Cluster2k on December 06, 2013, 09:07:47 PM

Maybe bitcoins will finally return to the value of their actual utility instead of speculative betting on possible future uses. Did people expect bitcoin to continue doubling in price every week?

Care to name that actual utility price? I don't think that using bitcoin as a currency is something outside bitcoins utility. It's just that china ruined it.

Paya

sr. member

Activity: 334

Merit: 250

Unfortunately for all this time btc hasn't really become much more usefull for common folk and in everyday life than it used to be, say, two years ago, It's still just speculators game with almost nothing to give it a solid, strong back. That 1000+ price was just ridiculous. But as btc markets are driven primarily by wishes, hopes and a bit of delusion, it may bounce back to 4-digit numbers in near future... bagain to same unsustainable, unhealthy and highly volatile spot vulnerable to wild market manipulations which are constantly driving away any serious business as well as "normal" people. Freak show still goes strong.

beaconpcguru

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Hello

Patience and holding rewards..

Topic: Bitcoins to crash?? (Read 6283 times)