Me too.
From $48 is like 97% drop
If bitcoin is similar we have a long way to go.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23507. (Read 26713156 times)
January 14, 2015, 06:17:43 PM
Me too.
From $48 is like 97% drop
If bitcoin is similar we have a long way to go.
January 14, 2015, 06:16:37 PM
So many butthurt permabulls, LOL. The fundamentals point towards lower equilibrium price.
No demand for coins beyond the necessary market cap for commerce. Too much supply.
No demand for coins beyond the necessary market cap for commerce. Too much supply.
Idiot. 99% of the price is speculative not medium of exchange.
Well that was the case at $1200, but now there isn't anyone to pump aymore.
January 14, 2015, 06:16:32 PM
Me too.
From $48 is like 97% drop
at least you'll be able to mine it again on a CPU- not profitably, but still...
January 14, 2015, 06:16:25 PM
What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse
I kinda hoping for the opposite. Let these coins with active developers and not some scammed 'foundation' carry the flag dropped by satoshi and continue paving innovation in this space.
January 14, 2015, 06:16:22 PM
This might not even be the real collapse. I wouldnt be suprised if we touch 120-140, then have a false bull run up to 500-600 before real capitulation.
Almost every credible EW analyst i've seen thinks we're in an ending Wave 4. Meaning, there should be one more spike up before catastrophe...20, 40, 60 ? Who knows how low it can go.
Almost every credible EW analyst i've seen thinks we're in an ending Wave 4. Meaning, there should be one more spike up before catastrophe...20, 40, 60 ? Who knows how low it can go.
January 14, 2015, 06:16:05 PM
Yes, and that is what I meant: if someone with billions to spare offered to buy 25 million bitcoins, the protocol would be immediately changed to create them, with the full cooperation of miners AND approval of developers.
I disagree. It would damage the reputation and hence value irreparably. But there's no way to prove either way.Note that increasing the supply of bitcoins is bad for the price only if the demand remains the same. If there were enough new demand, increasing the supply would not prevent the price from increasing, too.
Come on, Jorge. You have been around here long enough now to have a better understanding of how this works. AGAIN - that "99% (including Chinese day-traders, blah, blah, blah)" DON'T MATTER - only the MINERS matter in defining the Bitcoin protocol - and the miners DO know that changing the protocol at the whim of of anyone who promised to buy a lot would render the coin valueless.
January 14, 2015, 06:13:49 PM
Me too.
From $48 is like 97% drop
January 14, 2015, 06:13:29 PM
Many people have told me that. But "many" may be a thousand bitcoiners, perhaps, who care for the Core Values; and they may not include any big holders. The other 99% of the bitcoin community (including the Chinese day-traders, who may still be setting the price) probably don't understad why a change in the protocol would be a bad thing, or don't care.
Note that increasing the supply of bitcoins is bad for the price only if the demand remains the same. If there were enough new demand, increasing the supply would not prevent the price from increasing, too.
Note that increasing the supply of bitcoins is bad for the price only if the demand remains the same. If there were enough new demand, increasing the supply would not prevent the price from increasing, too.
The traders are not really important for this question, only the miners who are already in competition with each other for a bigger slice of the pie.
Increasing the supply would not prevent the price from increasing but it would prevent the price from increasing *as much*.
As a miner, if you allow the pie to grow, you probably just end up with a smaller slice percentage-wise. Unless you're thinking of such smoke-and-mirrors tricks as moving the decimal place to the right.
January 14, 2015, 06:13:11 PM
If she buy back in at $70 think about it like saving 90% from original price
Indeed. :-)
And for your information when I talked to her on the phone an hour ago she indeed asked me to inform her about any price changes if it drops below $80.
She seems ready
January 14, 2015, 06:11:14 PM
So many butthurt permabulls, LOL. The fundamentals point towards lower equilibrium price.
No demand for coins beyond the necessary market cap for commerce. Too much supply.
No demand for coins beyond the necessary market cap for commerce. Too much supply.
Idiot. 99% of the price is speculative not medium of exchange.
January 14, 2015, 06:09:56 PM
What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse
January 14, 2015, 06:09:55 PM
January 14, 2015, 06:09:41 PM
So many butthurt permabulls, LOL. The fundamentals point towards lower equilibrium price.
No demand for coins beyond the necessary market cap for commerce. Too much supply.
No demand for coins beyond the necessary market cap for commerce. Too much supply.
January 14, 2015, 06:09:26 PM
This is awful.
I feel sick.
Why?I feel sick.
Been waiting months to buy at 100.
I was told BTC was the future.
This is bull shit.
You've been warned by many people here, but you ignored them and labeled them as trolls
maybe because we are too blind with our greedy
buffett warned us long time ago.
http://www.businessinsider.com/warren-buffett-bitcoin-is-a-mirage-2014-3?IR=T
January 14, 2015, 06:07:35 PM
I never seen any evidence that Cyprus was the reason for Bitcoin to go up even 1 dollar.
And nobody in Greece is stupid enough to put their money in a highly volatile hard to use currency that has been going down for a year.
And nobody in Greece is stupid enough to put their money in a highly volatile hard to use currency that has been going down for a year.
No? I guess I can agree to disagree on that. Correlation is not causation and all.
And maybe with the Greeks. Though of course, the first thing that will happen is capital controls. Dollars, Pounds and Yen will not be available from the banks.
January 14, 2015, 06:06:02 PM
It's raining coin! Hallelujah. It's raining coin. Ye ye.
Just again not for me
When / if the price will go down to $100 I am selling what will be closest to my hand and all in. Rofl.
If the price will drop to $20 I will sell everything and then all in
If the ... bla bla bla.
This is amazing. Haven't seen that kind of price per one lovely Bitcoin from ~ 1.5 year.
My gf kinda sad cause she both in to hold @$700.
Just again not for me
When / if the price will go down to $100 I am selling what will be closest to my hand and all in. Rofl.
If the price will drop to $20 I will sell everything
and then all in If the ... bla bla bla.
This is amazing. Haven't seen that kind of price per one lovely Bitcoin from ~ 1.5 year.
My gf kinda sad cause she both in to hold @$700.
If she buy back in at $70 think about it like saving 90% from original price
January 14, 2015, 06:05:24 PM
Litecoin:
January 14, 2015, 06:04:55 PM
It's raining coin! Hallelujah. It's raining coin. Ye ye.
Just again not for me
When / if the price will go down to $100 I am selling what will be closest to my hand and all in. Rofl.
If the price will drop to $20 I will sell everything and then all in
If the ... bla bla bla.
This is amazing. Haven't seen that kind of price per one lovely Bitcoin from ~ 1.5 year.
My gf kinda sad cause she both in to hold @$700.
Just again not for me
When / if the price will go down to $100 I am selling what will be closest to my hand and all in. Rofl.
If the price will drop to $20 I will sell everything
and then all in If the ... bla bla bla.
This is amazing. Haven't seen that kind of price per one lovely Bitcoin from ~ 1.5 year.
My gf kinda sad cause she both in to hold @$700.
Amazing how you people are so convinced that we'll magically go up again once we hit low prices. Where do these delusions come from?
January 14, 2015, 06:04:23 PM
Finex seems to be the market leader these days with big volume.
Because of contracts and leverage.
January 14, 2015, 06:03:58 PM
Weak hands are being shaken. It hurts now but with BTC in stronger hands, the future will be better
That's what was said at 600, 400, 200...... 50?
That's my opinion now because I just can't imagine bitcoin going that low. Because I believe there is some buying pressure building on, buying orders will soon fill. Or maybe that's just what I want to think to feel better? Honestly I don't know ahah but this will affect Bitcoin and could possibly bring change. Change is good, not short term of course, but it will eventually be the catalyst to something better.
Thinking that bitcoin cant go that low is the same thinking as when bitcoin was 2 cents or less $.02 usd and they cant believe it went to $1100
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