Topic: BTC $66, seems everyone is dumping? - page 2. (Read 3298 times)
Oh dear. Bitcoin is dead
BTC $66, seems everyone is dumping? Anyone has an idea about why? I don't understand, people are not trusting bitcoin anymore? or it's because people are rushing for the BFL boxes?
There is a projection that FED is going to tighten, means many institutional traders' available USD will be reduced, they have to liquidate on exchange. Same thing happens on gold and silver market now
Good idea! But BFL bitcoin miners. Plug the current exchange rate into an ROI calculator and see how profitable them babies are now.
Interesting though. I wonder how low the exchange rate has to go before ASIC stop producing more than operating costs, and miners start shutting off their rigs for a bit?
They will mine at a loss for quite a while.
Just wait.... have you guys seen this?
http://www.nbcnews.com/business/winklevoss-twins-plan-ipo-bitcoins-digital-money-6C10512260
This will help to further legitimize BTC. Given time this $66 price will seem like child's play. I am stacking more BTC right now at $65.60!
http://www.nbcnews.com/business/winklevoss-twins-plan-ipo-bitcoins-digital-money-6C10512260
This will help to further legitimize BTC. Given time this $66 price will seem like child's play. I am stacking more BTC right now at $65.60!
I told you so
I predicted this days ago - price is now headed to 50 - Read: https://bitcointalksearch.org/topic/heres-how-the-gox-debacle-plays-out-over-the-next-few-days-249490
I predicted this days ago - price is now headed to 50 - Read: https://bitcointalksearch.org/topic/heres-how-the-gox-debacle-plays-out-over-the-next-few-days-249490
Good idea! But BFL bitcoin miners. Plug the current exchange rate into an ROI calculator and see how profitable them babies are now.
Interesting though. I wonder how low the exchange rate has to go before ASIC stop producing more than operating costs, and miners start shutting off their rigs for a bit?
BTC $66, seems everyone is dumping? Anyone has an idea about why? I don't understand, people are not trusting bitcoin anymore? or it's because people are rushing for the BFL boxes?
Nope, hold and/or buy..
Good idea! But BFL bitcoin miners. Plug the current exchange rate into an ROI calculator and see how profitable them babies are now.
BTC $66, seems everyone is dumping? Anyone has an idea about why? I don't understand, people are not trusting bitcoin anymore? or it's because people are rushing for the BFL boxes?
Nope, hold and/or buy..
BTC $66, seems everyone is dumping?
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Nah. Not everyone is dumping. Every single one of those trades where someone is selling has someone on the other side of the trade that is buying. There are as many people taking advantage of this drop in exchange rate to purchase cheap coins as there are people panicking and dumping what they own.
So everyone now understands that Bitcoin can never be taken serious as an alternative currency. One day a bread costs one Bitcoin, the other day you pay 100 Bitcoin
circular logic. price jumps are caused by... price jumps. 
It's potentially very costly having currency controls imposed like this.
So everyone now understands that Bitcoin can never be taken serious as an alternative currency. One day a bread costs one Bitcoin, the other day you pay 100 Bitcoin
It's just time.
BTC $66, seems everyone is dumping? Anyone has an idea about why? I don't understand, people are not trusting bitcoin anymore? or it's because people are rushing for the BFL boxes?
How many of bitcointalkers having deep knowledge of bitcoin network design, especially network difficulties changes and block chain protocols AND STILL think ASIC, BFL, Avalon mining are good investment?
For those who's still holding bitcoins with great values, you might bet better start thinking of solving the issue of bitcoin circulation in ordinary life, like bitcoin ebay, bitcoin movie, bitcoin music, bitcoin food.... that's the only way to save bitcoin.
How many of bitcointalkers having deep knowledge of bitcoin network design, especially network difficulties changes and block chain protocols AND STILL think ASIC, BFL, Avalon mining are good investment?
For those who's still holding bitcoins with great values, you might bet better start thinking of solving the issue of bitcoin circulation in ordinary life, like bitcoin ebay, bitcoin movie, bitcoin music, bitcoin food.... that's the only way to save bitcoin.
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