Isn't that what a market is suppose to do?
If it goes down low and people start to panic, others will buy and it will start to drive the price back up.
Topic: Hold on to your butts... - page 2. (Read 5577 times)
Yea great, well we need some excitement around here.
Someone do something..anything..
edit: maybe someone could post another chart with a prediction. There always good for a laff
Someone do something..anything..
edit: maybe someone could post another chart with a prediction. There always good for a laff
My favorite part about all of this is that nothing noticeable will happen in the next few hours.
I don't really understand the market well enough to know if the amounts involved are enough to move it right now.
15951 Bitcoins sold at this instant (ignoring dark buy orders) will drop the price to 11.99.
Then it's definitely not going to $11.99 on my words...
Well, I have to take a nap, so whenever I get back we'll see if I've been totally full of it, or just how deep the rabbit hole is going.
Maybe you are making shit up?
IDK.
IDK.
IDK, people who wait until the price drops nearly 50% to sell just don't deserve to hold onto it. Can't have the responsibility.
The price now is still much higher than it's worth.
I personally doubt there's any investors/speculators stupid enough at this point to try and drive the price up to $30 again.
Maybe in a year when there's an ACTUAL bitcoin economy and not just a bunch of hot air, then the price might recover.
But for now? No. I think it's been pretty publicly demonstrated that the BTC hot-air ballon basket is falling.
The world is not only US and Europe.
What do you think will happen when Brazil and other Latin American countries have access to MtGox or other exchanges?
I live in Brazil and everyone is trying to buy bitcoins and is very difficult at this moment.
Just wait when all the world have access to an exchange or when Pablo Escobar discovers that he can use bitcoins instead of dollars.
And im not even considering a mass adoption which would make the prices go to 5000+ easily.
http://falkvinge.net/2011/06/16/bitcoins-four-drivers-part-one-unlawful-trade/
My favorite part about all of this is that nothing noticeable will happen in the next few hours.
That very well may be. I don't really understand the market well enough to know if the amounts involved are enough to move it right now.
With the knowledge I have right now, I think it's a pretty good chance, but I've only been doing this for a week or so now.
I don't know if he'll even have the balls to do it if he doesn't see a jump to at least $14-14.5, even though he's scared as hell and wants out...
If the price of Bitcoins was $1, people wouldn't be able to buy $10k in Bitcoins (as they commonly do now), because that would require 10k bitcoins. 10k-60k or so Bitcoins are traded every day in total no matter what. So the price must be high enough to accommodate the larger flows of money.
My favorite part about all of this is that nothing noticeable will happen in the next few hours.
That very well may be. I don't really understand the market well enough to know if the amounts involved are enough to move it right now.
With the knowledge I have right now, I think it's a pretty good chance, but I've only been doing this for a week or so now.
I don't know if he'll even have the balls to do it if he doesn't see a jump to at least $14-14.5, even though he's scared as hell and wants out...
Maybe you are making shit up?
IDK.
IDK.
IDK, people who wait until the price drops nearly 50% to sell just don't deserve to hold onto it. Can't have the responsibility.
The price now is still much higher than it's worth.
I personally doubt there's any investors/speculators stupid enough at this point to try and drive the price up to $30 again.
Maybe in a year when there's an ACTUAL bitcoin economy and not just a bunch of hot air, then the price might recover.
But for now? No. I think it's been pretty publicly demonstrated that the BTC hot-air ballon basket is falling.
If you were right, there wouldn't be such a large trade volume in USD every day. The price of Bitcoins must be high enough to support this volume.
Maybe you are making shit up?
IDK.
IDK.
IDK, people who wait until the price drops nearly 50% to sell just don't deserve to hold onto it. Can't have the responsibility.
The price now is still much higher than it's worth.
I personally doubt there's any investors/speculators stupid enough at this point to try and drive the price up to $30 again.
Maybe in a year when there's an ACTUAL bitcoin economy and not just a bunch of hot air, then the price might recover.
But for now? No. I think it's been pretty publicly demonstrated that the BTC hot-air ballon basket is falling.
My favorite part about all of this is that nothing noticeable will happen in the next few hours.
Any chances to add more to my position are welcomed 
Maybe you are making shit up?
IDK.
IDK.
Yeah, probably ;-)
Maybe you are making shit up?
IDK.
IDK.
IDK, people who wait until the price drops nearly 50% to sell just don't deserve to hold onto it. Can't have the responsibility.
Maybe you are making shit up?
IDK.
IDK.
Someone is deciding to sell everything after the price dips to the $13-$14 range? What a genius. Warren Buffet in the making.
I was thinking the same thing. Hmm... stable prices for 2-3 days, hold... hold... steady now... oh, oh drop to 13! SELL, SELL!
Well I can't speak for anyone but myself in this instance, but I thought it was actually going to climb out of the stagnation.
Maybe he was surprised like me and wants to get out?
IDK.
Someone is deciding to sell everything after the price dips to the $13-$14 range? What a genius. Warren Buffet in the making.
Apparently the belief is that it's not recovering any time soon and is going to go much, much lower.
In fact, I disagree and think it won't go as low as assumed, but again I only have 10 BTC to care about...
Also, if he's going to dump, it will be sometime after 5PM CST.
Not 100% sure, but it's looking likely, especially if the market jumps up to like $14 real quick with enough depth for him to make a bit more in the dump.
Not 100% sure, but it's looking likely, especially if the market jumps up to like $14 real quick with enough depth for him to make a bit more in the dump.
Why didn't he dump 2 days ago?
Also, if he's going to dump, it will be sometime after 5PM CST.
Not 100% sure, but it's looking likely, especially if the market jumps up to like $14 real quick with enough depth for him to make a bit more in the dump.
Not 100% sure, but it's looking likely, especially if the market jumps up to like $14 real quick with enough depth for him to make a bit more in the dump.
Someone is deciding to sell everything after the price dips to the $13-$14 range? What a genius. Warren Buffet in the making.
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