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Topic: SELL EVERYTHING!!!!! - page 4. (Read 5958 times)

full member
Activity: 182
Merit: 100
August 02, 2011, 02:21:39 PM
#35
soo sad what is going on now is this really all cause of mybitcoins
Zem
member
Activity: 70
Merit: 10
August 02, 2011, 02:18:47 PM
#34
I only reason I'd mine right now is to hold long term. Short term just isn't worth it at the moment.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
August 02, 2011, 02:17:26 PM
#33
Cheaper goods for people to buy in BTC I suppose.
legendary
Activity: 1764
Merit: 1015
August 02, 2011, 02:17:11 PM
#32
But, if they go too low mining will become unprofitable =( grrrrrr...hopefully miners start droppin off and difficulty lowers for those that still continue to mine hehehe..
Mining is dead...
Unless you have some customized gear, and thousands of dollars... And even then you may never pay back your equipment.

How is mining dead? Last I looked as long as the bitcoin was above a few dollars which was about the cost of electricity mining was still profitable.

There is no easy way to make money in this world, you just can't run a stupid computer and expect it to generate you money so easily.  
From a short-term money making perspective it's dead. I agree with you though, that mining (even at a loss now) can render profits in the future. Which goes back to my original point of difficulty never dropping back to "easy" levels...
legendary
Activity: 1764
Merit: 1015
August 02, 2011, 02:15:20 PM
#31
THis is great, bitcoins should be cheap and affordable for all!


Well on a positive note if the price drops low enough it will push some of the big mining operations out of business. Less miners = lower difficulty.
Why would they go out of business? They have the equipment already, and remember most people who run these big operations are most likely doing it from a place where cheap electricity is available, so even if they are breaking even after electricity, why would they sell?

I honestly just don't see difficulty dropping to a reasonable point ever...
Zem
member
Activity: 70
Merit: 10
August 02, 2011, 02:15:05 PM
#30
Depends if that buy wall at 11.5 is fake or not.
legendary
Activity: 1022
Merit: 1001
August 02, 2011, 02:14:37 PM
#29
Any guesses as to when its gonna stop? 10.5?

Hard to say. This trend has a LOT of momentum and its still building...
hero member
Activity: 602
Merit: 500
August 02, 2011, 02:14:29 PM
#28
But, if they go too low mining will become unprofitable =( grrrrrr...hopefully miners start droppin off and difficulty lowers for those that still continue to mine hehehe..
Mining is dead...
Unless you have some customized gear, and thousands of dollars... And even then you may never pay back your equipment.

How is mining dead? Last I looked as long as the bitcoin was above a few dollars which was about the cost of electricity mining was still profitable.

There is no easy way to make money in this world, you just can't run a stupid computer and expect it to generate you money so easily.  
full member
Activity: 237
Merit: 100
August 02, 2011, 02:13:34 PM
#27
Any guesses as to when its gonna stop? 10.5?
legendary
Activity: 1022
Merit: 1001
August 02, 2011, 02:12:19 PM
#26
THis is great, bitcoins should be cheap and affordable for all!


Well on a positive note if the price drops low enough it will push some of the big mining operations out of business. Less miners = lower difficulty.
legendary
Activity: 1764
Merit: 1015
August 02, 2011, 02:12:14 PM
#25
But, if they go too low mining will become unprofitable =( grrrrrr...hopefully miners start droppin off and difficulty lowers for those that still continue to mine hehehe..
Mining is dead...
Unless you have some customized gear, and thousands of dollars... And even then you may never pay back your equipment.
full member
Activity: 185
Merit: 100
August 02, 2011, 02:12:03 PM
#24
Don't forget that someone is actually buying these coins, they're not evaporating. Those who still buy in on the way down aren't day traders or fiat loving miners...

Well, at least no-one is moaning about deflationary spirals anymore.
legendary
Activity: 2450
Merit: 1002
August 02, 2011, 02:11:04 PM
#23
But, if they go too low mining will become unprofitable =( grrrrrr...hopefully miners start droppin off and difficulty lowers for those that still continue to mine hehehe..
Zem
member
Activity: 70
Merit: 10
August 02, 2011, 02:09:57 PM
#22
Big sell wall at 12....gonna dip lower....
hero member
Activity: 602
Merit: 500
August 02, 2011, 02:07:57 PM
#21
THis is great, bitcoins should be cheap and affordable for all!

Shore up the Ask wall into the $12's, don't let them force the price back into the 12's, we need the new psychological level to stay in the $11's for a while.

Zem
member
Activity: 70
Merit: 10
August 02, 2011, 02:06:35 PM
#20
how many people are waiting till it hits single digits?

I'd go all in if it hit single digits because I would will feel alot safer with the investment then. Right now I'm just buying and selling though.

Edit: New low 11.79
legendary
Activity: 1022
Merit: 1001
August 02, 2011, 02:03:47 PM
#19
I wish I sold at 13.5-14 Could've made quite a chunk of extra bitcoins right now. Oh, well.

I bought $1k at 13.7...it seemed low.

Yea I got caught out a couple times too on the way down to $13. I dumped the lot @ $12.75 and am staying out until I see I see a BIG push upwards. According to the charts, today was the first day of a negative parabolic trend in 3 months on the daily charts. IMO thats huge.
hero member
Activity: 628
Merit: 500
August 02, 2011, 02:03:47 PM
#18
how many people are waiting till it hits single digits?
Zem
member
Activity: 70
Merit: 10
August 02, 2011, 02:02:39 PM
#17
0.01
legendary
Activity: 2450
Merit: 1002
August 02, 2011, 02:01:42 PM
#16
wtf is going on?!?!? when will it stop?!?! grrr =(
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