the price is falling, the price is falling!!! - page 2.

Wagner2014

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Activity: 84

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Quote from: humanitee on July 01, 2013, 09:17:56 PM

Quote from: Wagner2014 on July 01, 2013, 09:15:28 PM

Quote from: Inedible on July 01, 2013, 09:02:14 PM

I suspect prices are going to go back up tomorrow morning when the Winklevii news gets out.

Why? Aren't they selling a huge amount of their coins?

They are making it as easy as possible for large investors to buy Bitcoin.

They are going to buy more Bitcoin if they need to.

Hello face, meet my palm.

So they aren't selling any of their coins?

massivebitman

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Quote from: SOSLOVE868 on July 01, 2013, 09:10:23 PM

Quote from: Inedible on July 01, 2013, 09:02:14 PM

I suspect prices are going to go back up tomorrow morning when the Winklevii news gets out.

I am disagree with you ,application does not guarantee to be approve...and in facts, it is other way to shows, twins are want to cash out their BTC, but considering to the fact that the market can't take up those BTC without significant decreasing of its value.

Yeah, that was my initial thought too.

But then you've got to look at the positive side. It opens up BTC to lots of people who have serious, serious money.

A few million $ is nothing to them, but could be a $20 price rise for us and now it's easy.

If it goes through this might cause a real surge in BTC.

Also the twins may not necessarily be cashing out, could be that they hold their shares, or even buy more BTC as the money rolls in. Shit chances are they've already been buying the BTC, and are responsible for a lot of the recent volatility.

They're not exactly going to announce that they've been buying more recently, if they want to keep the price down (to buy more), are they?

humanitee

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Quote from: Wagner2014 on July 01, 2013, 09:15:28 PM

Quote from: Inedible on July 01, 2013, 09:02:14 PM

I suspect prices are going to go back up tomorrow morning when the Winklevii news gets out.

Why? Aren't they selling a huge amount of their coins?

They are making it as easy as possible for large investors to buy Bitcoin.

They are going to buy more Bitcoin if they need to.

Hello face, meet my palm.

Inedible

hero member

Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

Quote from: Wagner2014 on July 01, 2013, 09:15:28 PM

Quote from: Inedible on July 01, 2013, 09:02:14 PM

I suspect prices are going to go back up tomorrow morning when the Winklevii news gets out.

Why? Aren't they selling a huge amount of their coins?

Do you know who they're selling them to?

My guess is the trust they're stetting up so no BTC will hit the exchanges as such, thus no immediate price fluctuation.

Wagner2014

member

Activity: 84

Merit: 10

Quote from: Inedible on July 01, 2013, 09:02:14 PM

I suspect prices are going to go back up tomorrow morning when the Winklevii news gets out.

Why? Aren't they selling a huge amount of their coins?

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: Inedible on July 01, 2013, 09:02:14 PM

I suspect prices are going to go back up tomorrow morning when the Winklevii news gets out.

I am disagree with you ,application does not guarantee to be approve...and in facts, it is other way to shows, twins are want to cash out their BTC, but considering to the fact that the market can't take up those BTC without significant decreasing of its value.

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: ImI on July 01, 2013, 07:32:11 PM

Did you press Post too early?

Why ?price is steady falling...but cash out of speculators is not a despairing situations for BTC as it will reducing volatility of the price.

Inedible

hero member

Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

I suspect prices are going to go back up tomorrow morning when the Winklevii news gets out.

Inedible

hero member

Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

Quote from: SOSLOVE868 on July 01, 2013, 08:59:31 PM

Quote from: Inedible on July 01, 2013, 08:53:59 PM

Quote from: ImI on July 01, 2013, 07:32:11 PM

Cashing in and out of BTCs is pretty difficult at the moment. The community hasnt come up with a working solution to solve the bottleneck problem.

This might be a good thing.

It'll force BTC transactions to remain denominated in BTC.

Too many speculators are waiting for cash out~~~

Did you press Post too early?

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: Inedible on July 01, 2013, 08:53:59 PM

Quote from: ImI on July 01, 2013, 07:32:11 PM

Cashing in and out of BTCs is pretty difficult at the moment. The community hasnt come up with a working solution to solve the bottleneck problem.

This might be a good thing.

It'll force BTC transactions to remain denominated in BTC.

Too many speculators are waiting for cash out~~~

Inedible

hero member

Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

Quote from: ImI on July 01, 2013, 07:32:11 PM

Cashing in and out of BTCs is pretty difficult at the moment. The community hasnt come up with a working solution to solve the bottleneck problem.

This might be a good thing.

It'll force BTC transactions to remain denominated in BTC.

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: ImI on July 01, 2013, 07:32:11 PM

Cashing in and out of BTCs is pretty difficult at the moment. The community hasnt come up with a working solution to solve the bottleneck problem.

So we have got a decentralized currency but the exchanges are very centralized and shut down as soon as the public is giving some attention to BTCs.

Those problems are the underlying condition imo.

Imagine we get a steep ride to 120$ again and big interest is coming back. And then? MtGox will shut down most likely and we get the next panic selling that brings us under 100$ again.

they say they have a new engine. it's yet to be tested. wait for the test.

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: ImI on July 01, 2013, 07:32:11 PM

Cashing in and out of BTCs is pretty difficult at the moment. The community hasnt come up with a working solution to solve the bottleneck problem.

So we have got a decentralized currency but the exchanges are very centralized and shut down as soon as the public is giving some attention to BTCs.

Those problems are the underlying condition imo.

Imagine we get a steep ride to 120$ again and big interest is coming back. And then? MtGox will shut down most likely and we get the next panic selling that brings us under 100$ again.

Already under $100 ...

ImI

legendary

Activity: 1946

Merit: 1019

Cashing in and out of BTCs is pretty difficult at the moment. The community hasnt come up with a working solution to solve the bottleneck problem.

So we have got a decentralized currency but the exchanges are very centralized and shut down as soon as the public is giving some attention to BTCs.

Those problems are the underlying condition imo.

Imagine we get a steep ride to 120$ again and big interest is coming back. And then? MtGox will shut down most likely and we get the next panic selling that brings us under 100$ again.

massivebitman

full member

Activity: 224

Merit: 100

Quote from: ThatDGuy on July 01, 2013, 11:03:48 AM

There are a lot more people paying attention to BTC now, compared to before the 4/2013 bubble, just like there were more then than there were for the 5/2011 bubble. This forum itself had 83,400 members by the end of 2/2013, and March/April/May/June increased that user count to 134,300. A 61% increase in registered users is pretty significant.

The next bubble could very likely push the value higher by an order of magnitude.

This. I'm back in the market baby, with more coins!!!

It may have dropped a bit lower than I expected overnight, but no doubt we'll see another wave up!

Seems like we get an inevitable cycle here. People oversell, and when people are no longer scared, boom the price surges.

My biggest fear is not being in the market, when the direction changes, and having to buy in at a loss.

I'm doing it for the coins baby, the more you hold, the more you make!

ChrisJ

full member

Activity: 146

Merit: 100

Quote from: mgio on July 01, 2013, 01:19:21 PM

Quote from: ChrisJ on July 01, 2013, 11:30:23 AM

The problem is too many people use Bitcoin just to churn out more Dollars.

Too many speculators, manipulators and centralisation in the form of ASICs.

If you want to help the price go up don't sell them for Fiat go out and spend them. Put the Bitcoin.org logo and site on your dollar bills to help spread the word.

Demand to pay in Bitcoin in every restaurant and pub you go to. Answer their questions, tell them it's not controlled by any bank or government. Tell them it's like sending money with email and we all remember what email did to the post office.

Get your friends to go back to that same merchant over the coming weeks. If they see it hitting their bottom lines they might get curious.

This.

I think we should have a pamphlet made, that people can print out and hand to the manager at every restaurant and shop they go to.

It should briefly describe what bitcoin is, why they should accept it and how they can go about accepting it.

Why hasn't the Bitcoin Foundation done this yet? (or have they and I don't know about it?)

The guy who runs Mad Bitcoins suggested leaflets. I see what Frozenlock means about it maybe coming across a bit pushy but why not try it out? We're all leaders now, no need to wait for permission. Just do it.

I would like to human DDoS merchants. I will go in to starbucks on City Road London and demand to pay in Bitcoin. We need 9 other people to sign up to do the same over next 2 weeks.

Any takers?

tinus42

hero member

Activity: 784

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Quote from: massivebitman on July 01, 2013, 07:01:05 AM

I'm scared this will turn into a full blown panic...

Price hasn't been going up for a while now

Be glad you will be able to buy in cheaply. My fantasy is that it goes back to $0.01/BTC and I buy BTC10,000 and it then goes up back to $100/BTC. Won't happen of course (the first part). But I will gladly buy from all the panic sellers when I have the fiat. Grin

klee

legendary

Activity: 1498

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Quote from: naphto on July 01, 2013, 08:46:34 AM

Quote from: wonkytonky on July 01, 2013, 08:40:02 AM

the price push down today is clearly a manipulation lol.. but it's ok.. i got me bids on the good spots

The whole market is a manipulation, since bitcoins is a bubble ...
Nobody in the real world gives any credits to that "currency".

You forget Silk Road, don't make that mistake!
It is the best form of money for it's users...though they will happily make their trades even if it drops below 1$ Wink