Doomsday bears have their own interests in mind. - page 2.

Cluster2k

legendary

Activity: 1692

Merit: 1018

Quote from: osmosis on August 04, 2011, 08:47:08 PM

They are trying to scare you out of the market..get you to sell at $9 thinking that it will go down to $5.
But after you sell, they will buy it, it will go up..then keep going up.
The worst is behind us.

So, you're saying the following:

Bears are bulls in disguise. They want to drive the price down so they can buy on the cheap. Bears are wrong.

Bulls are right as naturally they want the price of bitcoins to go up.

Oldminer

legendary

Activity: 1022

Merit: 1001

Must

get

coins

into

exchange

to

sell

BoomGoesTheDynamite

newbie

Activity: 32

Merit: 0

I got a feeling we arn't going much further down this week. Might experience a little dipbecause of the weekend, but I'd bet a decent amount of money most of the panic selling is over for now. We'll see what happens monday/tuesday.

osmosis

sr. member

Activity: 300

Merit: 250

Quote from: BTC Economist on August 05, 2011, 03:22:16 PM

I am certainly not buying any bitcoins as it goes down. I feel like I am actually doing a public service telling people to get out of the market. The house of cards is burning down and I'm telling you to run for the exit.

You know I dont really care, cause the sooner we bottom out the sooner we can start a good climb. So burn burn burn.

BTC Economist

member

Activity: 112

Merit: 10

I am certainly not buying any bitcoins as it goes down. I feel like I am actually doing a public service telling people to get out of the market. The house of cards is burning down and I'm telling you to run for the exit.

Piper67

legendary

Activity: 1106

Merit: 1001

Yes, we should all do well to remember that:

1) For every BTC sold, one BTC is bought, and

2) Those who truly think bitcoin is a bad idea would not really be wasting their time on these forums.

Grin

osmosis

sr. member

Activity: 300

Merit: 250

Quote from: tacotime on August 04, 2011, 10:47:09 PM

The markets do as the markets please. When people stop wanting bitcoin, bitcoin won't be worth anything.

Until then...

On a long enough timeline, the survival rate for everyone drops to zero.
(from zerohedge.com)

osmosis

sr. member

Activity: 300

Merit: 250

Quote from: zby on August 05, 2011, 01:46:50 AM

Quote from: osmosis on August 04, 2011, 08:47:08 PM

They are trying to scare you out of the market..get you to sell at $9 thinking that it will go down to $5.
But after you sell, they will buy it, it will go up..then keep going up.
The worst is behind us.

said pot to kettle

Im not trying to persuade anyone to do anything. Im just speaking about what I see already happening. Tell me if there is a better way to do that.

osmosis

sr. member

Activity: 300

Merit: 250

Well, we are either talking the market up or talking the market down in speculation. Or we keep our lips sealed. But as much as is humanly possible, I am trying to speak from my rational observations and predictions, and not simple wishful thinking for my own interestest. If I believed it was going down, I would probably be selling right now.

Not trying to be harsh. I wish the victims full compensation. Bruce is the last person to deserve this. He himself also says there was no excuse. Understanding how this technology works, you need to be aware of 3rd party risks. There is a reason why most people in fact do not keep any more funds on exchanges then is necessary.

Quote from: Cluster2k on August 04, 2011, 10:33:41 PM

Quote from: osmosis on August 04, 2011, 08:47:08 PM

They are trying to scare you out of the market..get you to sell at $9 thinking that it will go down to $5.
But after you sell, they will buy it, it will go up..then keep going up.
The worst is behind us.

People continuously talking up the market are guilty as well. There was a chorus of miners on this forum who stated prices wouldn't fall below $20 after reaching the bubble peak of $30. Miners have a vested interest in talking up the market regardless or whether anyone has a real use for bitcoins or not.

Quote from: osmosis on August 04, 2011, 08:47:08 PM

Anyone who was being responsible knew that you shouldnt have your coins on mybitcoin.com. I feel sorry for their loss, wish it wasnt so, and wish them the best. But there is no excuse for what they did, it was their own fault, and not a flaw in bitcoin.

That's pretty harsh. The same could be said for keeping money or bitcoins on any bitcoin bank or trading site. MtGox could fold tomorrow and run. There's nothing to stop that happening. Bitcoin is unregulated, which is an advantage sometimes, but if a site chooses to cut and run there's precious little you can do.

Quote from: osmosis on August 04, 2011, 08:47:08 PM

This situation was a known outcome. As a community we have all learned from it.

Known by who? Have they contacted the police to provide information to make an arrest?

zby

legendary

Activity: 1594

Merit: 1001

Quote from: osmosis on August 04, 2011, 08:47:08 PM

They are trying to scare you out of the market..get you to sell at $9 thinking that it will go down to $5.
But after you sell, they will buy it, it will go up..then keep going up.
The worst is behind us.

said pot to kettle

tacotime

legendary

Activity: 1484

Merit: 1005

The markets do as the markets please. When people stop wanting bitcoin, bitcoin won't be worth anything.

Until then...

Cluster2k

legendary

Activity: 1692

Merit: 1018

Quote from: osmosis on August 04, 2011, 08:47:08 PM

They are trying to scare you out of the market..get you to sell at $9 thinking that it will go down to $5.
But after you sell, they will buy it, it will go up..then keep going up.
The worst is behind us.

People continuously talking up the market are guilty as well. There was a chorus of miners on this forum who stated prices wouldn't fall below $20 after reaching the bubble peak of $30. Miners have a vested interest in talking up the market regardless or whether anyone has a real use for bitcoins or not.

Quote from: osmosis on August 04, 2011, 08:47:08 PM

Anyone who was being responsible knew that you shouldnt have your coins on mybitcoin.com. I feel sorry for their loss, wish it wasnt so, and wish them the best. But there is no excuse for what they did, it was their own fault, and not a flaw in bitcoin.

That's pretty harsh. The same could be said for keeping money or bitcoins on any bitcoin bank or trading site. MtGox could fold tomorrow and run. There's nothing to stop that happening. Bitcoin is unregulated, which is an advantage sometimes, but if a site chooses to cut and run there's precious little you can do.

Quote from: osmosis on August 04, 2011, 08:47:08 PM

This situation was a known outcome. As a community we have all learned from it.

Known by who? Have they contacted the police to provide information to make an arrest?

osmosis

sr. member

Activity: 300

Merit: 250

They are trying to scare you out of the market..get you to sell at $9 thinking that it will go down to $5.
But after you sell, they will buy it, it will go up..then keep going up.
The worst is behind us.

Anyone who was being responsible knew that you shouldnt have your coins on mybitcoin.com. I feel sorry for their loss, wish it wasnt so, and wish them the best. But there is no excuse for what they did, it was their own fault, and not a flaw in bitcoin. This situation was a known outcome. As a community we have all learned from it.

The market will continue with your regularly scheduled program.

Topic: Doomsday bears have their own interests in mind. - page 2. (Read 2912 times)