Nagle was right negative prices reached

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Imagine bitcoin crashing to its doom, and the mtgox price being nearly zero. Bitcoinica's sell rate would be negative, meaning you'd have to pay to get rid of your coins Tongue

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

HA, yeah I did the same thing the other day before I liquidated my long position; sold all but one just to see what it would say the base price was. Like -$87 or some such. So at that point someone had apparently paid me $87 to take that bitcoin. Grin