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Topic: The real cause of the "panic" - page 2. (Read 2702 times)

member
Activity: 114
Merit: 10
April 10, 2013, 11:59:52 PM
#5
Never sell a bitcoin for USD!! SPEND IT on things or service or commodities.
+1000 I've never understood the logic in selling bitcoins.
So you can buy them back 30 seconds later for a nice $50 profit Cheesy

I always get stressed out if i don't get my bitcoins back in less than 5 minutes after selling haha.
legendary
Activity: 1792
Merit: 1047
April 10, 2013, 11:57:58 PM
#4
Never sell a bitcoin for USD!! SPEND IT on things or service or commodities.
+1000 I've never understood the logic in selling bitcoins.

Save up and buy a house or a car or other big ticket items Smiley
sr. member
Activity: 364
Merit: 250
April 10, 2013, 11:57:00 PM
#3
Never sell a bitcoin for USD!! SPEND IT on things or service or commodities.
+1000 I've never understood the logic in selling bitcoins.

The logic resides in the fact that fiat currency is still very stable for the most part. Bitcoin hasn't been over the years. When it comes to finances people want some stability. If they can make some money through a bitcoin investment or they can cashout to prevent losing their entire investment you will have a hard time convincing people not to.
hero member
Activity: 868
Merit: 1008
April 10, 2013, 11:42:29 PM
#2
Never sell a bitcoin for USD!! SPEND IT on things or service or commodities.
+1000 I've never understood the logic in selling bitcoins.
newbie
Activity: 10
Merit: 0
April 10, 2013, 11:33:16 PM
#1
This all happened before and I an not talking tulip mania. I am talking to the first bitcoin panic, all the way 10/10/10 mtgox decided who could buy and sell out of the panic based on who you knew. The same today with bid price far exceeding ask but not being executed. A small group of individuals at gox stopped bids from every one but the group during a supposed ddos. Well joke is on every one who sold or got stopped out you just made the group a lot of coin. History repeated, gox won you lose.

The only way to defeat banksters is to not deal with them. EVER.
Never sell a bitcoin for USD!! SPEND IT on things or service or commodities.
Never trade a bitcoin on a market!! Invest in someones idea.

This will happen again and again and again and I am just wasting my time again.
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