Topic: BTC Crash!!! - page 2. (Read 4879 times)
Since currency only exists to represent symbolically and allow the exchange of real values, any successful currency system should be able to ensure that there is always exactly as much currency as is needed to represent the existing real values on the market, no more, no less (so no inflation and no deflation if possible). Bitcoin has no mechanism for this and is in fact worse than fiat currency in this respect - at least with fiat currency you have some central authority that intervenes now and then to adapt the money supply to the size of the "real economy", but with Bitcoin no such intervention is even possible. An obviously better system would be a system based on the notion of "self-issued credit", where every producer of goods and services is also the issuer of a specific type of coin with which said goods and services can be bought. Then on the whole there will always be a ratio of coin-to-product that stays very close to 1:1 and any inflation or deflation will only affect a specific producer who happened to make mistakes in calculating how much of their own specific type of coin to issue considering how much product they're offering. The only digital system I know so far that has this feature is Paul Grignon's "Digital Coin".
Well, at least that's why some form of digital coin will win. In the long term I do hope, though, that it will be a better thought out digital currency system than Bitcoin, which is just the first prototype to be tested on a relatively large scale, but not by far the best theoretical proposal out there.
Good input. What are the things that you think lack in bitcoin at this point in time ?
Well, at least that's why some form of digital coin will win. In the long term I do hope, though, that it will be a better thought out digital currency system than Bitcoin, which is just the first prototype to be tested on a relatively large scale, but not by far the best theoretical proposal out there.
Which is, ofc, severely retarded, since all we're talking about are numbers and simple math, which the banks' computers could very well handle 24/7. I mean at the very least I'd expect to be able to transfer funds between my own accounts at the same bank even during the weekends, but nooo, it's still too scary a prospect for these technophobic schmucks.
And that's why bitcoin will win. It is incredible that transferring money between ones own accounts doesn go instantly. In some banks it works instantly between own accounts though.
dwolla need bank to work to clear your money and unfortunately, banks are closed during weekend.
Which is, ofc, severely retarded, since all we're talking about are numbers and simple math, which the banks' computers could very well handle 24/7. I mean at the very least I'd expect to be able to transfer funds between my own accounts at the same bank even during the weekends, but nooo, it's still too scary a prospect for these technophobic schmucks. 
I do not expect less than $25. :-)
But based on your graph (which I think is right) it still can go to 20 or so (three bottom arrows). I still think we're in a side channel for a while, but theoretically 20 is possible... 15, not so much.
If bitcoin went back to $15 it would be understandable based on long term trendline. A crash would be like the last time it went to 32 then $2.
I do not expect less than $25. :-)
Low liquidity market always performs like this, this wave is over, we need to consolidate a long time before re-challenge the ATH
Its just the big money guys selling BTC to cause excitement only to re-buy 1-4 btc cheaper. No biggie. At least they are makin' the big dough.
Hah. Damn, I'm always a bit gun shy to sell and re-buy.
Oh well. Still is a world currency and millions want it. No big deal.
TC
Topic should be renamed BTC CASH!!!
Haha
Hah. Damn, I'm always a bit gun shy to sell and re-buy.
Oh well. Still is a world currency and millions want it. No big deal.
TC
Topic should be renamed BTC CASH!!!
Haha
Please dwolla clear my money so i can buy NOW!!!!!!
dwolla need bank to work to clear your money and unfortunately, banks are closed during weekend. lets wait untill the dust has settled 
but when do you know wait is over, even it shoot above 32, isn't it still can go down again? 
the unfortunate thing is: we can constitute and confirm a "trend" only in hindsight, when it has manifested already.
Realistically speaking, everything over $20 is dangerous ground. Only if the rates have stayed for a prolonged time above $20, I'd put more confidence into staying there, given the fundamental situation for Bitcoin remains the same.
So for the time being, the best thing we can do is watch the drama and don't bet too much on a single horse
its not even the weekend yet 
lets wait untill the dust has settled
but when do you know wait is over, even it shoot above 32, isn't it still can go down again?
lets wait untill the dust has settled
i hope it does crash so i can buy more 
i've another 600$ sitting waiting to be turned in to bitcoins if it gets low enough for me.
i've another 600$ sitting waiting to be turned in to bitcoins if it gets low enough for me. 
If bitcoin went back to $15 it would be understandable based on long term trendline. A crash would be like the last time it went to 32 then $2.
[deleted]
a dip, a correction and a crash are different things.
An real downward trend is yet another thing. So please relax
An real downward trend is yet another thing. So please relax
So which one is it?
a dip, a correction and a crash are different things.
An real downward trend is yet another thing. So please relax
but I do believe there is some nervousness sentiment(guess also excitement as well)An real downward trend is yet another thing. So please relax
after a correction, an renewed run up to take the all time high would look much more credible
a dip, a correction and a crash are different things.
An real downward trend is yet another thing. So please relax
An real downward trend is yet another thing. So please relax
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