Topic: Welcome to Bitcoin Black Friday - page 2. (Read 1963 times)
Is it any official announcement about the bitcointalk.org crash today?
The problem is that usually it's necessary fresh money to make the price of an asset to go up. As the price goes up, it's necessary more and more money to buy the asset at these higher prices. But if the banks are closed, it's impossible to get in fresh money. However, probably there is already enough money in the bitcoin system to make the price go up, since the price has already been much higher than the current one. Of course, this math can be complicated by the fact that many hoarders might now sell because they are scared.
I just see this as another opportunity to buy 
why do you think you are smarter than the sellers? you dont buy something in freefall, you buy on the way up. but if you wish be my guest.
Thanks God bitcointalk.org is alive again!
I will update my article in http://mining-bitcoins.co and http://www.mineasics.com
Hurray!!
I will update my article in http://mining-bitcoins.co and http://www.mineasics.com
Hurray!!
I just see this as another opportunity to buy
Black Friday is awesome, especially when followed by bounce Monday/ Tuesday/ Wednesday etc!!!
You just have to ensure you buy in on Black Friday.
You just have to ensure you buy in on Black Friday.
Banks are closed during bank holidays, including the one Mt. Gox uses to accept, transfer, and send your fiat. Mt. Gox is not a bank but they still have to use one to deal with fiat.
In other words, you can use Mt. Gox for trading 24/7, but if your cash is on its way in or out, you're subject to bankers' hours.
I can't see how that's a big problem. People trading on Gox are used to bank delays.
It takes 1 day+ for a bank transfer, right?
How will 2 extra days have such a huge impact?
I'm excited for tuesday.
I have a feeling if it DOESN'T shoot back up, tuesday may be a big drop day as well as people are all expecting it to go back up
I have a feeling if it DOESN'T shoot back up, tuesday may be a big drop day as well as people are all expecting it to go back up
You forgot that there is a bank holiday in Japan now - no fresh money for 4 days.
Read my lips - 4 more days!
Read my lips - 4 more days!
Is this really true? Does MtGox close during bank holidays?
How come it's open 24/7 then?
Sorry if this is a stupid question, but I'm new to currency trading.
Banks are closed during bank holidays, including the one Mt. Gox uses to accept, transfer, and send your fiat. Mt. Gox is not a bank but they still have to use one to deal with fiat.
In other words, you can use Mt. Gox for trading 24/7, but if your cash is on its way in or out, you're subject to bankers' hours.
You forgot that there is a bank holiday in Japan now - no fresh money for 4 days.
Read my lips - 4 more days!
Read my lips - 4 more days!
Is this really true? Does MtGox close during bank holidays?
How come it's open 24/7 then?
Sorry if this is a stupid question, but I'm new to currency trading.
The point is noone is ever really correct in guessing these short term market adjustments. Today will be a small blip compared to the bright future for bitcoin. If you believe in the product and the idea this is a small blip in the long term roadmap. If your just here for short term speculation, todays probably a very bad day for you.
I reckon by this time next week it will be back over $100
ha ha ah ha haha
Watching other cryptos on btc-e.com and when btc went down on gox, none of them hardly moved at all.
.02 cents after they outlaw btc
Think that will correct itself. BTW: Atm feathercoin is the most profitable
So,
lets bet how how low it can go
?
lets bet how how low it can go
?
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I'm wondering if BTC will bounce a bit upwards again. Read about the fall being partially proportional to the gaining popularity of LTC and its alts, which I guess makes sense, but I can't help but wonder about the BTC buying opportunity.
Doubt it. All the other cryptos are currently measured against BTC. They rise and fall with BTC. (Might be different in the future though.)
But BTW will bump around a little, we may even see 3 digit prices again, ut doubt that it will be for any lenght of time if we do.
Right now BTC is locked between 90 and 100, and AFAIK it's got little support for higher prices, do if it's gonna move, there is really just one way to go ATM.
as the realization sinks in, that mtgox is being sued for more money than mtgox has even made, the investors who bought because of mtgox, will sell, sell, sell, in a panic and desperation to recoup some of their money, and when others realize the bitcoin is just a fad, then bitcoin will drop to .02 cents US and that means that all us latecomers will have great buying chances to get in at low prices, and after it goes down and we all jump in at .02 cents, then let it rise again. That is what I think. Longer term, I don't know though... and it is all just speculation. Sell, Sell, Sell
$0.02 per BTC really? Did you forget that BTC actually has vendors that accept BTC?
crypto coins are still in their infancy
Crypto currencies are still in their infancy. When the tech barrier for entry & use drops to the point where they become easy to use for the average consumer their value will explode. I'm in this for the long haul, and see cryptos as the future of money. This day will be nothing more than a blip in the radar when that future happens.
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