the end is near | Bitcointalksearch.org

puwaha

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Activity: 700

Merit: 294

Quote from: fewcoins on October 05, 2014, 04:00:22 PM

Open you eyes people, Mining spiked over 315,000,000gh/s then as its dropping back to 267,000,000 the price is getting smashed... TRUST ME this isn't a mistake!! There are miners out there who can turn their machines on for a few hours & produce thousands of coins!!

Thousands of coins? In a few hours? Impossible.

coinits

legendary

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011110000110110101110010

Death to Asics
Death to GPU
Got chips?

fewcoins

full member

Activity: 126

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Quote from: ajw7989 on October 05, 2014, 05:33:20 PM

I never worried too much about bitcoin but now it is starting to get dangerously low to where I am getting worried. If it resets back to 100 or so we might be in trouble. the operations around bitcoin are way past that and a lot of people will lose a lot of money. We need a spike from some buying pressure. All the news recently like paypal and overstock etc give good publicity but also create sell pressure.

You should start opening your eyes!!! Everyone is worrying right now!

ajw7989

legendary

Activity: 924

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I never worried too much about bitcoin but now it is starting to get dangerously low to where I am getting worried. If it resets back to 100 or so we might be in trouble. the operations around bitcoin are way past that and a lot of people will lose a lot of money. We need a spike from some buying pressure. All the news recently like paypal and overstock etc give good publicity but also create sell pressure.

fewcoins

full member

Activity: 126

Merit: 100

Quote from: 4kthm2 on October 05, 2014, 11:45:07 AM

This is an attack by a large mining interest IMO

$300 sell wall coupled with a 25% spike in hashrate...... Someone is trying to kill hobby mining and small pools...

Hang in there everyone...

Open you eyes people, Mining spiked over 315,000,000gh/s then as its dropping back to 267,000,000 the price is getting smashed... TRUST ME this isn't a mistake!! There are miners out there who can turn their machines on for a few hours & produce thousands of coins!!

opieum2

hero member

Activity: 532

Merit: 500

Probably BFL's execs cashing out as much as they can before they get caught. Consider the timing. They get busted and the BTC is now getting dropped for Fiat. Alternately it could be the FTC converting BFL's stores of BTC to fiat to enable refunds. This was not an insignificant sum of money. Consider that the numbers were at 20million USD roughly. If there was a significant amount of that in BTC being converted to fiat, that would explain a huge downward pressure. The timing seems to fit. There could be other factors as well. But this one seems to be one that could be causing this. Or a combination of the two items mentioned above.

4kthm2

newbie

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This is an attack by a large mining interest IMO

$300 sell wall coupled with a 25% spike in hashrate...... Someone is trying to kill hobby mining and small pools...

Hang in there everyone...

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: giorgiotheclown on September 20, 2014, 11:26:41 PM

Quote from: KWH on September 20, 2014, 11:19:38 PM

Quote from: giorgiotheclown on September 20, 2014, 11:17:19 PM

few big miners destroying bitcoin mining. + bitcoin price +the whole concept. 3 weeks and the bitcoin price is 100-200

Still better than $2, the price when I started mining. People panic too easily.

irreparable trust damage for many investors.

no small bitcoin mining operations, only big chinesefarms

0 new bitcoin enthusiasts

Agreed:(

redsn0w

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#Free market

Quote from: giorgiotheclown on September 20, 2014, 11:26:41 PM

Quote from: KWH on September 20, 2014, 11:19:38 PM

Quote from: giorgiotheclown on September 20, 2014, 11:17:19 PM

few big miners destroying bitcoin mining. + bitcoin price +the whole concept. 3 weeks and the bitcoin price is 100-200

Still better than $2, the price when I started mining. People panic too easily.

irreparable trust damage for many investors.

no small bitcoin mining operations, only big chinesefarms

0 new bitcoin enthusiasts

If you cannot mining it , you can always buy it Wink

. Don't worry guys now we will see "What is the real value of bitcoin" .

mikerbiker6

sr. member

Activity: 392

Merit: 250

Quote from: fewcoins on October 03, 2014, 10:17:39 PM

Quote from: gallery2000 on October 03, 2014, 02:58:15 PM

Quote from: gallery2000 on September 28, 2014, 10:52:37 AM

$380 and falling.....-------> $350 next week.

My prediction was correct. Here is another prediction:

$250 this month.

Why short term predictions?? That's how all these people are loosing money....... How about double digits per coin before the year ends

Do you have any proof for that, or are you just guessing?

xstr8guy

hero member

Activity: 784

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Glow Stick Dance!

Quote from: fewcoins on October 03, 2014, 10:17:39 PM

Quote from: gallery2000 on October 03, 2014, 02:58:15 PM

Quote from: gallery2000 on September 28, 2014, 10:52:37 AM

$380 and falling.....-------> $350 next week.

My prediction was correct. Here is another prediction:

$250 this month.

Why short term predictions?? That's how all these people are loosing money....... How about double digits per coin before the year ends

They should tighten up that "loose" money before they lose it.

fewcoins

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Activity: 126

Merit: 100

Quote from: gallery2000 on October 03, 2014, 02:58:15 PM

Quote from: gallery2000 on September 28, 2014, 10:52:37 AM

$380 and falling.....-------> $350 next week.

My prediction was correct. Here is another prediction:

$250 this month.

Why short term predictions?? That's how all these people are loosing money....... How about double digits per coin before the year ends

gallery2000

hero member

Activity: 784

Merit: 1000

Live Stars - Adult Streaming Platform

Quote from: gallery2000 on September 28, 2014, 10:52:37 AM

$380 and falling.....-------> $350 next week.

My prediction was correct. Here is another prediction:

$250 this month.

fewcoins

full member

Activity: 126

Merit: 100

Quote from: fewcoins on September 30, 2014, 11:48:15 PM

Quote from: Mattofla on September 28, 2014, 03:19:49 PM

I don't think bitcoin is getting destroyed anytime soon.It has outgrown itself to such a big outcome it can't just get off everything attached to it.

Yes that is what Lehman Brothers was thinking too... good logic!

The end is here.

GordonBM

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fewcoins

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Activity: 126

Merit: 100

Quote from: Mattofla on September 28, 2014, 03:19:49 PM

I don't think bitcoin is getting destroyed anytime soon.It has outgrown itself to such a big outcome it can't just get off everything attached to it.

Yes that is what Lehman Brothers was thinking too... good logic!

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

It sure is depressing continuing to mine and add bitcoin to my wallet only to watch my balance decrease. Cry

And it looks like October may be my last month of mining if the price of BTC doesn't increase soon. My electric bill is nearly as much as my mining income.

The end is near indeed, at least for me.

Mattofla

newbie

Activity: 31

Merit: 0

I don't think bitcoin is getting destroyed anytime soon.It has outgrown itself to such a big outcome it can't just get off everything attached to it.

SMB-2525

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The interesting side effect of BTC price dropping is everyone must balance the cost of each investment in mining capacity plus the operational cost of mining against just purchasing BTC. So while it may remain profitable for existing operations to continue, the marginal cost of adding the next increment of capacity may be more than buying BTC even for the big operators.

https://bitcointalksearch.org/topic/the-expected-lifetime-of-hashing-power-800842

gallery2000

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Activity: 784

Merit: 1000

Live Stars - Adult Streaming Platform

$380 and falling.....-------> $350 next week.

Topic: the end is near (Read 3989 times)