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Topic: Dead Cat Bounce ??!! - page 3. (Read 9241 times)

full member
Activity: 184
Merit: 100
October 08, 2011, 12:27:44 AM
#49
Unless we get new HUGE-(like in 10 million dollars) investment-(like in buying BTC to rescue it ) .. it going to get done more and more.. maybe it will be worth of

0.00000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000001


So technically it wont be DEAD but umm let us say you can buy the whole network and Satoshi's mama for 10 bucks! Smiley
sr. member
Activity: 254
Merit: 250
October 07, 2011, 11:41:55 PM
#48
agreed. that's why I just sold another btc. Will transfer the remaining 4 BTC to continue to sell.
full member
Activity: 224
Merit: 100
October 07, 2011, 10:29:36 PM
#47
I won't get into anything else, however addressing just one point, it won't become more expensive to mine than not. This is simply because if it does, then miners will quit, thus balancing out the difficulty and keeping things equal. If it becomes abnormally profitable to mine, then more miners will hop on, balancing out the difficulty again and keeping things equal.
member
Activity: 72
Merit: 10
October 07, 2011, 10:05:55 PM
#46
Sold every coin at $4.6 (still have 5 BTC in my wallet). Probably should continue to sell since I'm a miner.
Hold them imo.
sr. member
Activity: 254
Merit: 250
October 07, 2011, 09:48:58 PM
#45
Sold every coin at $4.6 (still have 5 BTC in my wallet). Probably should continue to sell since I'm a miner.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
October 07, 2011, 07:47:12 PM
#44
Not anymore!

I'm sorry, that was a joke. This is not:



Let's give it some context, shall we?  Here's a year chart.. not so much "dead" as it is "correcting".
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
October 07, 2011, 07:39:22 PM
#43
BTC is tanking. Has been since June, no reason to think it's going to change. Ignore what you want, doesn't make you right.

Define tanking. Where is the bottom?

Honestly? Parity. Maybe just above. Seriously, the existence of BTC as a useful currency depends on the following, in order from most important to least:

1) General Public interest and usage
2) Stable, safe, transparent exchanges
3) Black market usage
4) Belief in ideology
5) Speculation

1) has run, probably because of 2, 5, and just that it's not convenient enough. For them, the fad is over until Amazon, their credit cards, and actual banks bother to think about BTC.

3) will cut and run as soon as 2) is established.
The groupies at 4) are tiny. TINY.

These are your fundamentals, and the last 3 months are a perfect example of where everything is headed: 1) is gone, 2) never existed, so you're left with 3) and 4), while 5) will bail as soon as there's nothing left.

I didn't even get to the part about what most miners will do when it gets more expensive to mine than not.

I'm not sure I have seen any existence yet of 1, let alone running. 3 is a strawman used by fearmongers, like criminals have never used cash lol. 2 will take time, Rome wasn't built in a day. 4 is only important for developers =p. 5 is 34 million USD strong.
member
Activity: 98
Merit: 10
October 07, 2011, 07:02:16 PM
#42
BTC is tanking. Has been since June, no reason to think it's going to change. Ignore what you want, doesn't make you right.

Define tanking. Where is the bottom?

Honestly? Parity. Maybe just above. Seriously, the existence of BTC as a useful currency depends on the following, in order from most important to least:

1) General Public interest and usage
2) Stable, safe, transparent exchanges
3) Black market usage
4) Belief in ideology
5) Speculation

1) has run, probably because of 2, 5, and just that it's not convenient enough. For them, the fad is over until Amazon, their credit cards, and actual banks bother to think about BTC.

3) will cut and run as soon as 2) is established.
The groupies at 4) are tiny. TINY.

These are your fundamentals, and the last 3 months are a perfect example of where everything is headed: 1) is gone, 2) never existed, so you're left with 3) and 4), while 5) will bail as soon as there's nothing left.

I didn't even get to the part about what most miners will do when it gets more expensive to mine than not.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
October 07, 2011, 06:47:34 PM
#41
BTC is tanking. Has been since June, no reason to think it's going to change. Ignore what you want, doesn't make you right.

Define tanking. Where is the bottom?
member
Activity: 98
Merit: 10
October 07, 2011, 06:32:36 PM
#40
I think we need to start using 1/log (inverse log? does such a thing exist?) charts to see activity down here.  Hell, the price moved 20% today but you won't see that on the chart because it doesn't even register relative to noise movement of just a few weeks ago.

Yeah yeah yeah. Log charts will show it's all roses, because that's what I want to believe!

I understand that log charts will show you a bit more about losses in short-term speculation, but everyone's saying "yeah but" on these charts because they want to ignore reality: BTC is tanking. Has been since June, no reason to think it's going to change. Ignore what you want, doesn't make you right.
full member
Activity: 154
Merit: 100
October 07, 2011, 04:40:46 PM
#39
Not anymore!

I'm sorry, that was a joke. This is not:



The chart looks awfully flat for the last 4 weeks. Not much bouncing. Looks like the cat is taking a nap, not dead.

I think we need to start using 1/log (inverse log? does such a thing exist?) charts to see activity down here.  Hell, the price moved 20% today but you won't see that on the chart because it doesn't even register relative to noise movement of just a few weeks ago.

donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
October 07, 2011, 04:33:56 PM
#38
Not anymore!

I'm sorry, that was a joke. This is not:



The chart looks awfully flat for the last 4 weeks. Not much bouncing. Looks like the cat is taking a nap, not dead.
member
Activity: 98
Merit: 10
October 07, 2011, 04:27:28 PM
#37
Not anymore!

I'm sorry, that was a joke. This is not:

member
Activity: 72
Merit: 10
October 07, 2011, 03:57:10 PM
#36
If I buy 100 USD worth of bitcoin at 30 USD/btc, and it drops to 24 USD/btc, or if I buy 100 USD worth of bitcoin at 5 USD/btc and it drops to 4 USD/btc, which way did I loose more money?

Yeah, log charts are good.

Lol, you can pound your fists all you want, but this is what your public sees:


Not anymore!
member
Activity: 98
Merit: 10
October 07, 2011, 03:37:10 PM
#35
If I buy 100 USD worth of bitcoin at 30 USD/btc, and it drops to 24 USD/btc, or if I buy 100 USD worth of bitcoin at 5 USD/btc and it drops to 4 USD/btc, which way did I loose more money?

Yeah, log charts are good.

Lol, you can pound your fists all you want, but this is what your public sees:

full member
Activity: 215
Merit: 100
Shamantastic!
October 07, 2011, 03:26:45 PM
#34
Be forewarned that this is a troll post looking to goad comments.
troll-e moley!
member
Activity: 98
Merit: 10
October 07, 2011, 02:39:00 PM
#33
Our view is that the log charts are more appropriate and on log charts, bitcoins is no cat, no dead cat, but a big bull who is taking his afternoon nap before steaming forward again.[/color]

Yeah, because measuring a $6 drop from $30 to $24 equally to a $1 drop from $5 to $4 makes great sense in a crashing market for people who just "want to believe".  Roll Eyes When are you idiots going to stop picking the data you want to match your emotional desires and start facing reality?
full member
Activity: 184
Merit: 100
October 01, 2011, 07:16:40 AM
#32
She told me too that is a well known beaver chart behavior (or was it bearish behavior and the other one was the beaver!).

So you two talk about rubbery bouncing kittens while you play with her beaver, while secretely what you're really doing is trying to get unbiased info on wether or not bitcoin is dead. Awesome.

Let me coin the term beaver-reading for this.




Well Ummmmm .. Basically that is quiet true and pretty much about it!. And yes she told me at the end that the CAT IS DEAD!!! .. or umm the BeaverCoin have been Deadly satisfied!
donator
Activity: 2772
Merit: 1019
September 16, 2011, 02:41:03 PM
#31
She told me too that is a well known beaver chart behavior (or was it bearish behavior and the other one was the beaver!).

So you two talk about rubbery bouncing kittens while you play with her beaver, while secretely what you're really doing is trying to get unbiased info on wether or not bitcoin is dead. Awesome.

Let me coin the term beaver-reading for this.
donator
Activity: 2772
Merit: 1019
September 16, 2011, 02:36:39 PM
#30
does anyone think he didn't know the answer before he created the thread?

exactly my thoughts.
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