OUCH! More Bad Bitcoin News... - page 4.

designfail

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Activity: 86

Merit: 10

Quote from: Gabi on February 13, 2014, 06:36:56 PM

Quote from: barryblogs on February 13, 2014, 06:15:12 PM

Unless it keeps going lower. Been a lot of bad press lately. Arrests in the US, Bitcoin made illegal in Russia, 2 out of 3 exchange halting withdrawals. I respect you for keeping your cool far better than me.

I was here when it went from 30 to 2. No way a price of 450 scare me, from 30 to 450 is a good news here, not a bad one Cheesy

Back in that times banks were not issuing "warning" statements, Russia and China were silent about bitcoins, Mt. Gox were up and running, people were excited about new thing. This time it is different. They are teaching everyday Joes that bitcoin is only good for sex-dot-com and silk road. FUD. Growing electricity costs and falling exchange rate and growing diff - all this does not make financially feasible to keep mining. I dono.. Just thoughts.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: FeedbackLoop on February 13, 2014, 06:29:57 PM

Quote from: acoindr on February 13, 2014, 06:26:54 PM

Nothing goes up in a straight line. Nothing.

Those of us around Bitcoin a while are very familiar with price dips. I view it as a great thing. People get so caught up on the price. Everybody views Bitcoin as some weird stock/investment anomaly. Bitcoin is a cur-ren-cy. Hint: a currency doesn't work if only a few people hold it. The cheaper Bitcoins are the more people can afford to access some significant number of them. Long periods of cheap Bitcoin prices mean more even and widespread distribution.

Quoted for truth!

Agree, somebody should write a bitcoin bible and quote it there!

Just realized that putting all the best bitcoin quotes together would be a great idea, maybe in a few years we'll see it printed in a milion copies Cheesy

Soros Shorts

donator

Activity: 1617

Merit: 1012

Quote from: Gabi on February 13, 2014, 06:36:56 PM

Quote from: barryblogs on February 13, 2014, 06:15:12 PM

Unless it keeps going lower. Been a lot of bad press lately. Arrests in the US, Bitcoin made illegal in Russia, 2 out of 3 exchange halting withdrawals. I respect you for keeping your cool far better than me.

I was here when it went from 30 to 2. No way a price of 450 scare me, from 30 to 450 is a good news here, not a bad one Cheesy

Yeah, somehow I still remember you getting all excited when the price went to $7.

Quote from: Gabi on January 06, 2012, 08:21:20 AM

I know it already reached 7 but i was sleeping so i open the thread now.

dope

newbie

Activity: 28

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Prices will probably rise back up a bit once withdrawals are allowed again on bitstamp and gox.

jongameson

member

Activity: 84

Merit: 10

Quote from: barryblogs on February 13, 2014, 06:09:00 PM

OUCH! More Bad Bitcoin News...

Bitcoin Crumbles To 3-Month Lows On Mt.Gox As CEO Defends Exchange

http://www.talkmarkets.com/content/news/bitcoin-crumbles-to-3-month-lows-on-mtgox-as-ceo-defends-exchange?post=40513

oh cool it's back to $10 so i can buy 10 BTC to buy a gram of crack cocaine

BTCisthefuture

sr. member

Activity: 364

Merit: 250

Probably a good time to buy some bitcoin imo. We've seen drops like this in the past on bad news and it's always rebounded for the most part. It's only been a few days of bad news, lets come back and look about it in a few weeks/months at the earliest.

toddfletcher

newbie

Activity: 28

Merit: 0

Quote from: barryblogs on February 13, 2014, 06:37:35 PM

That's a good point. I'm still new to bitcoin. Any chance the US would ever make it illegal?

No reason to worry about that at this point because all indications are GO. The US wants to take the lead here and is afraid if we don't other countries will step in. For example:

http://www.coindesk.com/california-bill-bitcoin-lawful-money/

FeedbackLoop

hero member

Activity: 742

Merit: 500

Quote from: barryblogs on February 13, 2014, 06:37:35 PM

That's a good point. I'm still new to bitcoin. Any chance the US would ever make it illegal?

Read your press Joe (everyone should browse the Press sub-forum):

https://bitcointalksearch.org/topic/2014-02-13-coindesk-california-bill-would-make-bitcoin-lawful-money-464099
https://bitcointalksearch.org/topic/2014-02-13-video-cryptocurrencies-the-state-of-play-463906

Bonus: a coin validation douche at the same table as a regulator at Bloomberg:

https://bitcointalksearch.org/topic/2014-02-13-video-bloomberg-blame-lazy-companies-for-bitcoins-woes-464037

All from today.

BTCisthefuture

sr. member

Activity: 364

Merit: 250

Quote from: barryblogs on February 13, 2014, 06:37:35 PM

Quote from: acoindr on February 13, 2014, 06:26:54 PM

Nothing goes up in a straight line. Nothing.

Those of us around Bitcoin a while are very familiar with price dips. I view it as a great thing. People get so caught up on the price. Everybody views Bitcoin as some weird stock/investment anomaly. Bitcoin is a cur-ren-cy. Hint: a currency doesn't work if only a few people hold it. The cheaper Bitcoins are the more people can afford to access some significant number of them. Long periods of cheap Bitcoin prices mean more even and widespread distribution.

That's a good point. I'm still new to bitcoin. Any chance the US would ever make it illegal?

Unlikely, at least the US has showed no signs or interested in doing such a thing and instead realize it's creating news jobs and business opportunities. The US does want to regulate it, so it's yet to be seen if regulations will be so harsh it cripples many of the benefits of bitcoin ever becoming massively adopted or if they will use more common sense regulations that allow bitcoin and the technology around it to flourish.

runam0k

legendary

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Touchdown

3 ~~year~~ month low?

~~Time to throw in the towel.~~

barryblogs

newbie

Activity: 11

Merit: 0

Quote from: acoindr on February 13, 2014, 06:26:54 PM

Nothing goes up in a straight line. Nothing.

Those of us around Bitcoin a while are very familiar with price dips. I view it as a great thing. People get so caught up on the price. Everybody views Bitcoin as some weird stock/investment anomaly. Bitcoin is a cur-ren-cy. Hint: a currency doesn't work if only a few people hold it. The cheaper Bitcoins are the more people can afford to access some significant number of them. Long periods of cheap Bitcoin prices mean more even and widespread distribution.

That's a good point. I'm still new to bitcoin. Any chance the US would ever make it illegal?

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Quote from: barryblogs on February 13, 2014, 06:15:12 PM

Unless it keeps going lower. Been a lot of bad press lately. Arrests in the US, Bitcoin made illegal in Russia, 2 out of 3 exchange halting withdrawals. I respect you for keeping your cool far better than me.

I was here when it went from 30 to 2. No way a price of 450 scare me, from 30 to 450 is a good news here, not a bad one Cheesy

FeedbackLoop

hero member

Activity: 742

Merit: 500

Quote from: acoindr on February 13, 2014, 06:26:54 PM

Nothing goes up in a straight line. Nothing.

Those of us around Bitcoin a while are very familiar with price dips. I view it as a great thing. People get so caught up on the price. Everybody views Bitcoin as some weird stock/investment anomaly. Bitcoin is a cur-ren-cy. Hint: a currency doesn't work if only a few people hold it. The cheaper Bitcoins are the more people can afford to access some significant number of them. Long periods of cheap Bitcoin prices mean more even and widespread distribution.

Quoted for truth!

acoindr

legendary

Activity: 1050

Merit: 1002

Nothing goes up in a straight line. Nothing.

Those of us around Bitcoin a while are very familiar with price dips. I view it as a great thing. People get so caught up on the price. Everybody views Bitcoin as some weird stock/investment anomaly. Bitcoin is a cur-ren-cy. Hint: a currency doesn't work if only a few people hold it. The cheaper Bitcoins are the more people can afford to access some significant number of them. Long periods of cheap Bitcoin prices mean more even and widespread distribution.

ljudotina

legendary

Activity: 1260

Merit: 1029

Once again, why id price on MtGox important to anyone? Arn't they dead?

barryblogs

newbie

Activity: 11

Merit: 0

Unless it keeps going lower. Been a lot of bad press lately. Arrests in the US, Bitcoin made illegal in Russia, 2 out of 3 exchange halting withdrawals. I respect you for keeping your cool far better than me.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

The price is just a number, it is low? Then it is a great moment to buy.

barryblogs

newbie

Activity: 11

Merit: 0

OUCH! More Bad Bitcoin News...

Bitcoin Crumbles To 3-Month Lows On Mt.Gox As CEO Defends Exchange

http://www.talkmarkets.com/content/news/bitcoin-crumbles-to-3-month-lows-on-mtgox-as-ceo-defends-exchange?post=40513

Topic: OUCH! More Bad Bitcoin News... - page 4. (Read 8294 times)