i think i will tottally sell in a few hours. already lost 25%...
until you did not sell you lost nothing at all.
i'm using the chance to buy in again. which lowers my avarage btc price.
Topic: CRASH! - page 7. (Read 24589 times)
until you did not sell you lost nothing at all.
i'm using the chance to buy in again. which lowers my avarage btc price.
i think i will tottally sell in a few hours. already lost 25%...
purely speculation, but maybe about $5 or $6 will be bottom ?
then buy ?
Expect false rallies from the bottom. You might be tempted to buy too soon. Back in April before the bitcoin bubble, one could buy a bitcoin for $1 or less.then buy ?
The bitcoin market, as opposed to the bitcoin economy, must become unloved and neglected - the bottom can be expected to have relatively low volume, an absence of speculators, mostly merchants, customers and miners conducting routine transactions.
Nobody called this today, it's in freefall at the moment with a huge order of almost 10,000 coins up around the $10 mark.
Actually, the 10.8 was predictable using google trends, and I called it late last night.
http://forum.bitcoin.org/index.php?topic=26046.0
Make sure you look at the second page where chodpaba has an excellent statistical analysis. Using his numbers, the latest google trends data gives a price of $10.8
OMFG THE SKY IS FALLING
HIDE YO KIDS
HIDE YO WIFE
AND HIDE YOUR HUSBAND
CAUSE THEY RAPIN EVRYBODY OUT HERE!
HIDE YO KIDS
HIDE YO WIFE
AND HIDE YOUR HUSBAND
CAUSE THEY RAPIN EVRYBODY OUT HERE!
Learned about it last summer. Did some hobby mining (~10h) but didn't get any BTC. People said it barely paid for electricity. Come back this summer at about ~20. Miss 32 peak waiting for deposit. Cash reaches account at about 20 but this time going down. Made a nice profit taking short term positions. Still some money in coins, but still overall+.
Feelsokpony
EDIT: Tradehill seems to be recovering.
Feelsokpony
EDIT: Tradehill seems to be recovering.
We're not at the danger stage yet, but we are at danger of getting there.
purely speculation, but maybe about $5 or $6 will be bottom ?
then buy ?
then buy ?
Nobody called this today, it's in freefall at the moment with a huge order of almost 10,000 coins up around the $10 mark.
Which will disappear as soon as it approaches 10.
Nobody called this today, it's in freefall at the moment with a huge order of almost 10,000 coins up around the $10 mark.
Well this is fun. I learn about bitcoin at 10.50, I get convinced at 12. I start transferring money at 17, I miss it when it hits 32, I buy it when it hit 21, and it continues to collapse from there.
I think I may have missed the big bubble. Oh well, I guess I'll hold in good faith.
I think I may have missed the big bubble. Oh well, I guess I'll hold in good faith.
I learned about it at 5, sold a few whilst mining was good at 5ish, realized it kept going up, so stopped selling.. missed the peak as I was at work, and now can't sell as I'd make a loss on the mining rig...
At the rate it's falling it'll be back to 5 tomorrow. It was fun whilst it lasted I guess (never invest what you can't afford to lose..)
i think you might even see this hit the bottom in next the 24hrs.
Well this is fun. I learn about bitcoin at 10.50, I get convinced at 12. I start transferring money at 17, I miss it when it hits 32, I buy it when it hit 21, and it continues to collapse from there.
I think I may have missed the big bubble. Oh well, I guess I'll hold in good faith.
I think I may have missed the big bubble. Oh well, I guess I'll hold in good faith.
The original post was helpful to me. It drew my attention to the weak price behavior at Mt Gox. I moved my hoarded bitcoins from 12 months of mining over to Mt Gox and sold them in various small lots at about $15.5. When BTCGuild gets past today's DDoS attack, I'll sell off my recently earned coins too.
It really is more relaxing to be sitting on the sidelines with cash at the exchange watching this downdraft. As I write this post, Mt Gox has been dropping at the rate of $0.11 per hour for over a day within a channel on the price chart - just broke past $12 to $11.89.
[update] the channel has just been broken on the downside with a quick move down to $11.
It really is more relaxing to be sitting on the sidelines with cash at the exchange watching this downdraft. As I write this post, Mt Gox has been dropping at the rate of $0.11 per hour for over a day within a channel on the price chart - just broke past $12 to $11.89.
[update] the channel has just been broken on the downside with a quick move down to $11.
What if someone launches an exchange with no fees that can compete with 'Gox? Will people be crying for people to abandon ship like how it happened when certain pools were close to or above the mystical 50% mark?
I believe bitcoins will ladder all the way down to about $4 or roughly the amount electricity used to create 1BTC.
I think this will take only a few days now no more 5
which imo is not a bad thing.
Typical monterey price correction. bitcoin charts tells you all you need to know.
Not many miners will let there coins go for less than it cost them to create.
If they do then why bother at all ?
The price was driven on pure speculation.
I think this will take only a few days now no more 5
which imo is not a bad thing.
Typical monterey price correction. bitcoin charts tells you all you need to know.
Not many miners will let there coins go for less than it cost them to create.
If they do then why bother at all ?
The price was driven on pure speculation.
If it goes that low you will see a lot of people turn their miners off. There are a lot of people active right now that pay more for electricity, so they will be gone. I would also turn my miners off at $4 per btc, since it equals electric, and there's a bit more to running miners. At that price it's not worth it.
This could cause some problems with the network though, difficulty being stuck where it is for quite awhile before an adjustment.
People are buying and selling on two markets without any penalty. Even if they profit a penny.
This is one of the biggest problems, a very bad move - imo
Agreed 100%. Not only should Mt. Gox reinstate the trading fees, but they and the other exchanges should raise them to 1%. Without fees, anybody that owns 2000 btc and two accounts on Mt. Gox can do whatever he or she wants with this market.
I believe bitcoins will ladder all the way down to about $4 or roughly the amount electricity used to create 1BTC.
I think this will take only a few days now no more 5
which imo is not a bad thing.
I don't know if it's such a good thing. Now the cheap coins are trickling back to the hoarders again. I think this will take only a few days now no more 5
which imo is not a bad thing.
@ tymothy
you do like the copy & paste function don't you ?
Because you keep pasting the same thing in other treads too.
you do like the copy & paste function don't you ?
Because you keep pasting the same thing in other treads too.
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