Topic: PANIC! - page 3. (Read 6965 times)
We haven't had a good panic sell off in weeks. Please stay low till I get home from work.
Anyone got a beer? 
Annnd maybe a cigar.
Annnd maybe a cigar.
Back up the truck guys! Start wiring in those funds! If you wire today through Paxum, you'll probably have your money in MtGox by next week Tuesday 
Lowering the TH/s will not lower the total amount of BTC being mined. Well, for next 2000 blocks, maybe. But then, it will re-adjusts again to 7200 BTC per day.
Which is good, we had to see a power expense to profit level evening out eventually and I think very quickly we will. As soon as the number of TH/s fall the supply will deflate and we'll see less BTC going into the market, which should inflate price.
nope, BTC are produced in the same amount approximately all the time
all that would happen is difficulty would drop and miners would get more coins apiece.
Which is good, we had to see a power expense to profit level evening out eventually and I think very quickly we will. As soon as the number of TH/s fall the supply will deflate and we'll see less BTC going into the market, which should inflate price.
Whether the price is going up or down, MagicalTux must be really happy, look at the volumes!!
510 BTC for the day in commissions... not bad.On another interesting note, the price is getting dangerously close to my break even point for mining. $7 is when I shut it off, since costs are so much higher with running the A/C to keep everything cool. Come fall time, when I don't need the A/C anymore, it'll be much more viable, back down to $4 or so per BTC needed to keep mining. I expect others are crunching similar numbers for typical at-home setups.
Whether the price is going up or down, MagicalTux must be really happy, look at the volumes!!
Yup, the volumes are great news, people are in on bitcoin whether we like it or not and it's not just stagnant bot trading
Indicators suggesting an adjustment upward in the next hour or so. Could be a feeble bounce, though, if everyone's feeling so bearish.
Yay, I got something right for once. @_@
Whether the price is going up or down, MagicalTux must be really happy, look at the volumes!!
Indicators suggesting an adjustment upward in the next hour or so. Could be a feeble bounce, though, if everyone's feeling so bearish.
pretty cool to think that i bought ~ 1000 coins in april for $1500 and I might be able to still have 1000 coins along with $25000 USD in the bank here in August.
Wish I woulda been fortunate enough to find out about Bitcoins in April. I knew what they were but didn't actually care to pay attention, my own stupid fault I guess... I was brought in when Senator Chuck Schummer was talking crap about them. I actually like him (he is a really good Democratic senator) but his derogatory comments led me back to this forum, and then it was where I really found out what Bitcoin was.
pretty cool to think that i bought ~ 1000 coins in april for $1500 and I might be able to still have 1000 coins along with $25000 USD in the bank here in August.
Yea it's YOUR chance to become as rich as early adopters!
Not much resistance between now and $1, time to buy back all the BTCs at sub-$1 and present yourself as one of the early adopters, folks.
I feel like an early adopter every time I come on this website, might us well have the same Bitcoins as one.
Not much resistance between now and $1, time to buy back all the BTCs at sub-$1 and present yourself as one of the early adopters, folks.
That might have been the bottom...
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