Stop freaking out. We lost 2 weeks & returned to a sane exponential line. - page 2.

Francesco

sr. member

Activity: 252

Merit: 250

Quote from: onesalt on April 11, 2013, 02:26:59 PM

Quote from: Stunna on April 11, 2013, 02:26:15 PM

Personally I don't care if bitcoins are $10 or $500 what I do want is for them to be STABLE. If they became stable we could actually use them as a currency rather than a speculative vehicle.

Pretty much this, if bitcoins had stable value instead of stupid bubbles then it might be useful but as it is now it's so unstable trying to trust in it is a waste of time and money.

How can it be stable without a central bank?

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Quote from: Zangelbert Bingledack on April 11, 2013, 02:47:28 PM

Quote from: TsuyokuNaritai on April 11, 2013, 02:16:44 PM

Quote from: onesalt on April 11, 2013, 01:59:38 PM

Quote from: TsuyokuNaritai on April 11, 2013, 01:41:27 PM

We are now exactly where we would have been if we had just continued the steadily rising exponential growth of January and February, before the March Madness.

If you got in two weeks ago, you are still up right now.

Nothing fundamental has gone wrong with bitcoin itself. This fallback was a combination of the price getting ahead of itself and gross negligence & unpreparedness on the part of certain exchanges.

People are preparing to set up more exchanges as we speak.

Even if there are more flash crashes this week shaking out weak hands, once the exchanges problem is dealt with there is nowhere to go but up.

Up into another bubble and into another crash in an endlessly repeating cycle of greed and idiocy on the account of people like you.

Onesalt is a troll, but even trolls can force a needed reality check.

My last sentence went way too far and I have edited it.

Both OP and your response make you look very wise in my eyes. もうだいぶ強くなっているよ Wink

ありがとうございます。 Wink

SuperHakka

full member

Activity: 196

Merit: 100

yah, I has a theory that posters on here who only exclusively talk about bitcoin price do not love btc for what it is but are pure speculators out to make fiat. btc lovers will prefer to have stable btcusd as poster above said so that the retail and trade side of the bitcoin ecosystem can function properly. which business or consumer will transact with a currency that is rapidly appreciating by 100% every week?!?

NamelessOne

legendary

Activity: 840

Merit: 1000

Wonderful! A person that joined the forum in the last couple weeks NOT spewing inept FUD garage in ten different threads. Great post. This correction was needed badly, and it is healthy. In this case it was a huge one because the recent gains were huge.

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: the founder on April 11, 2013, 01:57:33 PM

go to campbx, it APPEARS trades ARE taking place... but I honestly don't have a full picture of what is going on, we have the largest exchange down, 20,000 feeder exchanges down (due to getting some info from Mt.Gox) .. we got guys even in localbitcoins refusing to make trades because they don't know the accurate price.

Yup, CampBX seems to be doing perfectly fine. Been trading there all day. Surprised more people aren't, since they should be able to get their money over there from Gox via Dwolla pretty quickly.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Quote from: TsuyokuNaritai on April 11, 2013, 02:16:44 PM

Quote from: onesalt on April 11, 2013, 01:59:38 PM

Quote from: TsuyokuNaritai on April 11, 2013, 01:41:27 PM

We are now exactly where we would have been if we had just continued the steadily rising exponential growth of January and February, before the March Madness.

If you got in two weeks ago, you are still up right now.

Nothing fundamental has gone wrong with bitcoin itself. This fallback was a combination of the price getting ahead of itself and gross negligence & unpreparedness on the part of certain exchanges.

People are preparing to set up more exchanges as we speak.

Even if there are more flash crashes this week shaking out weak hands, once the exchanges problem is dealt with there is nowhere to go but up.

Up into another bubble and into another crash in an endlessly repeating cycle of greed and idiocy on the account of people like you.

Onesalt is a troll, but even trolls can force a needed reality check.

My last sentence went way too far and I have edited it.

Both OP and your response make you look very wise in my eyes. もうだいぶ強くなっているよ Wink

onesalt

hero member

Activity: 756

Merit: 500

Quote from: Stunna on April 11, 2013, 02:26:15 PM

Personally I don't care if bitcoins are $10 or $500 what I do want is for them to be STABLE. If they became stable we could actually use them as a currency rather than a speculative vehicle.

Pretty much this, if bitcoins had stable value instead of stupid bubbles then it might be useful but as it is now it's so unstable trying to trust in it is a waste of time and money.

Stunna

legendary

Activity: 3192

Merit: 1279

Primedice.com, Stake.com

Personally I don't care if bitcoins are $10 or $500 what I do want is for them to be STABLE. If they became stable we could actually use them as a currency rather than a speculative vehicle.

onesalt

hero member

Activity: 756

Merit: 500

No, I lost a lot in the first crash and lost faith in bitoin. Trying to convince people the same way is no crime, it's basically charity.

moni3z

hero member

Activity: 899

Merit: 1002

This is a good thing for many reasons.

1) hopefully an exodus away from monopoly exchanges that manipulate price with incompetence
2) banking hacks posing as journalists will get to say 'i told you bitcoin was a joke' which means less wallstreet hacks and speculators jumping on the bitcoin bandwagon so BTC can grow naturally
3) less people will hoard bitcoins so my customers can buy them and pay me to ship software
4) i can buy a bunch of coins on the slide down and store them for 2 years like I did last crash

Luckily this crash I had my money in cavirtex and not frozen by MtGox again

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Quote from: onesalt on April 11, 2013, 01:59:38 PM

Quote from: TsuyokuNaritai on April 11, 2013, 01:41:27 PM

We are now exactly where we would have been if we had just continued the steadily rising exponential growth of January and February, before the March Madness.

If you got in two weeks ago, you are still up right now.

Nothing fundamental has gone wrong with bitcoin itself. This fallback was a combination of the price getting ahead of itself and gross negligence & unpreparedness on the part of certain exchanges.

People are preparing to set up more exchanges as we speak.

Even if there are more flash crashes this week shaking out weak hands, once the exchanges problem is dealt with there is nowhere to go but up.

Up into another bubble and into another crash in an endlessly repeating cycle of greed and idiocy on the account of people like you.

Onesalt is a troll, but even trolls can force a needed reality check.

My last sentence went way too far and I have edited it.

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

Great points...good to keep a clear head.. .

onesalt

hero member

Activity: 756

Merit: 500

Quote from: TsuyokuNaritai on April 11, 2013, 01:41:27 PM

We are now exactly where we would have been if we had just continued the steadily rising exponential growth of January and February, before the March Madness.

If you got in two weeks ago, you are still up right now.

Nothing fundamental has gone wrong with bitcoin itself. This fallback was a combination of the price getting ahead of itself and gross negligence & unpreparedness on the part of certain exchanges.

People are preparing to set up more exchanges as we speak.

Even if there are more flash crashes this week shaking out weak hands, once the exchanges problem is dealt with there is nowhere to go but up.

Up into another bubble and into another crash in an endlessly repeating cycle of greed and idiocy on the account of people like you.

the founder

sr. member

Activity: 448

Merit: 251

Bitcoin

go to campbx, it APPEARS trades ARE taking place... but I honestly don't have a full picture of what is going on, we have the largest exchange down, 20,000 feeder exchanges down (due to getting some info from Mt.Gox) .. we got guys even in localbitcoins refusing to make trades because they don't know the accurate price.

Isokivi

hero member

Activity: 910

Merit: 1000

Items flashing here available at btctrinkets.com

Quote from: TsuyokuNaritai on April 11, 2013, 01:41:27 PM

We are now exactly where we would have been if we had just continued the steadily rising exponential growth of January and February, before the March Madness.

If you got in two weeks ago, you are still up right now.

Nothing fundamental has gone wrong with bitcoin itself. This fallback was a combination of the price getting ahead of itself and gross negligence & unpreparedness on the part of certain exchanges.

People are preparing to set up more exchanges as we speak.

Even if there are more flash crashes this week shaking out weak hands, once the exchanges problem is dealt with there is nowhere to go but up.

+1 Every single word.

The best thing that comes out of this is the bitcoin infrastructure growing to meet such challenges and demand as has been met recently.

On a personal note the amounts of coin and fiat I hold have both grown during this time period, while I've been doing the service of providing my small portion to market stability.

bitbadger

member

Activity: 115

Merit: 10

like the phrase "goxed".

and what goes down can also go up - esp bitcoin.

And does go up.

moni3z

hero member

Activity: 899

Merit: 1002

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

We are now exactly where we would have been if we had just continued the steadily rising exponential growth of January and February, before the March Madness.

If you got in two weeks ago, you are still up right now.

Nothing fundamental has gone wrong with bitcoin itself. This fallback was a combination of the price getting ahead of itself and gross negligence & unpreparedness on the part of certain exchanges.

People are preparing to set up more exchanges as we speak.

Even if there are more flash crashes this week shaking out weak hands, once the exchanges problem is dealt with there is nowhere to go but up.

[Edit - that last sentence went too far. There'll be lot more flash crashes for a long time, and there is always a chance that bitcoin could fall to zero. But the fundamentals have not changed, and they point to bitcoin continuing to go up exponentially in the long term, however bumpy the roller-coaster gets].

Topic: Stop freaking out. We lost 2 weeks & returned to a sane exponential line. - page 2. (Read 3235 times)