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Topic: These are exciting times. (Read 1828 times)

hero member
Activity: 714
Merit: 500
January 14, 2015, 06:08:10 PM
#23
Yeah this is really sweet. Even though so many are losing money
They are just losing money if they convert their BTC to fiat.
I have a little stash of Bitcoin, I didn't want to touch in the next years anyway.
member
Activity: 98
Merit: 10
January 14, 2015, 05:40:40 PM
#22
It really sucks for them. but hey, I've still seen some bitcoin history
member
Activity: 98
Merit: 10
January 14, 2015, 05:40:04 PM
#21
Yeah this is really sweet. Even though so many are losing money
hero member
Activity: 717
Merit: 501
January 14, 2015, 04:11:32 PM
#20
I think it is caused but government mandated forced selling from Russia and China.  Google Russia and bitcoin, they have to sell or face a fine.  Same in China.  The Russian ruble printing is a source of taxes in Russia, 10-14 loss in purchasing power in a century.
member
Activity: 60
Merit: 10
January 14, 2015, 04:10:39 PM
#19
Exciting times if you have a bottle of pepto next to you and will of steel:



It's about perspective and timing really.  If you came in during the highs of 2013, now is a really terrible time.



It's more like ...

legendary
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
January 14, 2015, 04:04:13 PM
#18
Exciting to say the least.  I have been involved since 2010.   I am going to be writing a major post to address some serious issues.  I have gotten little sleep the last 72 hours, thinking and contemplating the future.   I am made many predictions that have some to pass on these forums and speaking to various members of the community. 
hero member
Activity: 1372
Merit: 783
better everyday ♥
January 14, 2015, 03:58:41 PM
#17
Exciting times if you have a bottle of pepto next to you and will of steel:



It's about perspective and timing really.  If you came in during the highs of 2013, now is a really terrible time.

full member
Activity: 532
Merit: 100
January 14, 2015, 03:46:25 PM
#16
This is gentlemen! LOLz.
hero member
Activity: 714
Merit: 500
January 14, 2015, 03:14:51 PM
#15
I came into Bitcoin at the beginning of 2013.
Reading a lot on this forum, I always was jealous of all the people talking about how, they were in the first row, seeing previous crashes. Damn, I also wished, I would have seen that. the MtGox crash 2014 doesn't count in my opinion, since there was a big rise before the fall, and it ended at a higher price than it started.
I think, now is one of this cases, I can tell my grandchildren about or at least, the newbies in 1-2 years. "Saw that, been there, move along"


It is very exciting. I got into it when it was around 500 dollars, thinking wow, how could anyone even get a slice? I'm looking into actually purchasing soon, and I can only think there are lots of people out there, just waiting for it to hit their magic number to buy up bunches.

Your right.. there are people waiting to buy up bunches. and guess what will happen when they do? The price will spike some, the buyers will then dry up and newly mined coins will continue to hit the market driving the price down again and to new lows. I wouldn't touch it unless it goes below $30 or in 15 years when the reward is super small.
This. We need to stop the miner hemorrage. But how the hell? We Need miners for this thing to work, but if the price keeps going down we are fucked. Satoshi didn't predict this happening? I wonder what are his views as we speak.
How do you know Satoshi didn't predict this thing? Even if he predict there nothing can do. All of that depend on the user of btc
Since Satoshi was very familiar with game theory, I think he also predicted this things. Miners have to find their place in Bitcoin, like many other people. Sometimes such adjustments hurt, but they are not really something that is special in Bitcoin.
hero member
Activity: 636
Merit: 500
January 14, 2015, 02:48:40 PM
#14
I am just getting ready to step into the Bitcoin market. Not sure that this is the best time though?

If to step into bitcoins means to use it as a spendable coin. Then do it. But if you want to use it to speculate, then dont jump in with money you cant afford to lose. No one can predict the future.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
January 14, 2015, 01:55:19 PM
#13
I am just getting ready to step into the Bitcoin market. Not sure that this is the best time though?

could be a very good time. welcome, here on the rollercoaster
newbie
Activity: 36
Merit: 0
January 14, 2015, 01:46:48 PM
#12
I am just getting ready to step into the Bitcoin market. Not sure that this is the best time though?
legendary
Activity: 812
Merit: 1002
January 14, 2015, 01:40:54 PM
#11
We need to stop the miner hemorrage. But how the hell? We Need miners for this thing to work, but if the price keeps going down we are fucked. Satoshi didn't predict this happening? I wonder what are his views as we speak.

There's no "miner hemorrhage" so far. The network is holding well. A few miners may eventually switch off their computers for a while, but that's not enough to endanger the whole network.

Mining always trails the price. You won't see an immediate effect on the hash power now, but it'll eventually slowly react. Be prepared for longer confirmations until the next 2 week network adjustment.
sr. member
Activity: 252
Merit: 250
January 14, 2015, 01:36:30 PM
#10
It is pretty exciting.  Today I saw Bitcoin go down 25%, but still I am excited. hahaha
very good, great to see this. Because,  realize I'm not alone.
sr. member
Activity: 322
Merit: 250
Ask me anything if you have any problem
January 14, 2015, 01:32:14 PM
#9
I came into Bitcoin at the beginning of 2013.
Reading a lot on this forum, I always was jealous of all the people talking about how, they were in the first row, seeing previous crashes. Damn, I also wished, I would have seen that. the MtGox crash 2014 doesn't count in my opinion, since there was a big rise before the fall, and it ended at a higher price than it started.
I think, now is one of this cases, I can tell my grandchildren about or at least, the newbies in 1-2 years. "Saw that, been there, move along"


It is very exciting. I got into it when it was around 500 dollars, thinking wow, how could anyone even get a slice? I'm looking into actually purchasing soon, and I can only think there are lots of people out there, just waiting for it to hit their magic number to buy up bunches.

Your right.. there are people waiting to buy up bunches. and guess what will happen when they do? The price will spike some, the buyers will then dry up and newly mined coins will continue to hit the market driving the price down again and to new lows. I wouldn't touch it unless it goes below $30 or in 15 years when the reward is super small.
This. We need to stop the miner hemorrage. But how the hell? We Need miners for this thing to work, but if the price keeps going down we are fucked. Satoshi didn't predict this happening? I wonder what are his views as we speak.
How do you know Satoshi didn't predict this thing? Even if he predict there nothing can do. All of that depend on the user of btc
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 14, 2015, 01:31:26 PM
#8
We need to stop the miner hemorrage. But how the hell? We Need miners for this thing to work, but if the price keeps going down we are fucked. Satoshi didn't predict this happening? I wonder what are his views as we speak.

There's no "miner hemorrhage" so far. The network is holding well. A few miners may eventually switch off their computers for a while, but that's not enough to endanger the whole network.
legendary
Activity: 1610
Merit: 1183
January 14, 2015, 01:24:35 PM
#7
I came into Bitcoin at the beginning of 2013.
Reading a lot on this forum, I always was jealous of all the people talking about how, they were in the first row, seeing previous crashes. Damn, I also wished, I would have seen that. the MtGox crash 2014 doesn't count in my opinion, since there was a big rise before the fall, and it ended at a higher price than it started.
I think, now is one of this cases, I can tell my grandchildren about or at least, the newbies in 1-2 years. "Saw that, been there, move along"


It is very exciting. I got into it when it was around 500 dollars, thinking wow, how could anyone even get a slice? I'm looking into actually purchasing soon, and I can only think there are lots of people out there, just waiting for it to hit their magic number to buy up bunches.

Your right.. there are people waiting to buy up bunches. and guess what will happen when they do? The price will spike some, the buyers will then dry up and newly mined coins will continue to hit the market driving the price down again and to new lows. I wouldn't touch it unless it goes below $30 or in 15 years when the reward is super small.
This. We need to stop the miner hemorrage. But how the hell? We Need miners for this thing to work, but if the price keeps going down we are fucked. Satoshi didn't predict this happening? I wonder what are his views as we speak.
full member
Activity: 220
Merit: 100
January 14, 2015, 12:48:07 PM
#6
I came into Bitcoin at the beginning of 2013.
Reading a lot on this forum, I always was jealous of all the people talking about how, they were in the first row, seeing previous crashes. Damn, I also wished, I would have seen that. the MtGox crash 2014 doesn't count in my opinion, since there was a big rise before the fall, and it ended at a higher price than it started.
I think, now is one of this cases, I can tell my grandchildren about or at least, the newbies in 1-2 years. "Saw that, been there, move along"


It is very exciting. I got into it when it was around 500 dollars, thinking wow, how could anyone even get a slice? I'm looking into actually purchasing soon, and I can only think there are lots of people out there, just waiting for it to hit their magic number to buy up bunches.

Your right.. there are people waiting to buy up bunches. and guess what will happen when they do? The price will spike some, the buyers will then dry up and newly mined coins will continue to hit the market driving the price down again and to new lows. I wouldn't touch it unless it goes below $30 or in 15 years when the reward is super small.
legendary
Activity: 1358
Merit: 1093
January 14, 2015, 12:45:10 PM
#5
hoping to buy as well, bitcoin will never die!
hero member
Activity: 504
Merit: 500
January 14, 2015, 12:43:23 PM
#4
I came into Bitcoin at the beginning of 2013.
Reading a lot on this forum, I always was jealous of all the people talking about how, they were in the first row, seeing previous crashes. Damn, I also wished, I would have seen that. the MtGox crash 2014 doesn't count in my opinion, since there was a big rise before the fall, and it ended at a higher price than it started.
I think, now is one of this cases, I can tell my grandchildren about or at least, the newbies in 1-2 years. "Saw that, been there, move along"


It is very exciting. I got into it when it was around 500 dollars, thinking wow, how could anyone even get a slice? I'm looking into actually purchasing soon, and I can only think there are lots of people out there, just waiting for it to hit their magic number to buy up bunches.
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