What really caused the crash | Bitcointalksearch.org

Coincrazy

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Quote from: Elwar on April 10, 2013, 10:22:56 PM

I pay for my hosting service with Bitcoins. Today is my due date for the month.

I will just go on the site, click "pay bill". It will give me the amount of BTC I owe based on the price at that moment and I will pay it.

I do not plan on trying to play the market or time things perfectly.

I have figured out that if you just move money into Bitcoin when you have it and you spend it without worrying about price you are better off. In the long run the value will do nothing but go up so worrying about 2-3% here and there is pointless.

The problem Is , the fluctuation is not just 2 pr 3 %

adamstgBit

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Trusted Bitcoiner

Quote from: bitcoinBull on April 10, 2013, 10:30:55 PM

Quote from: solex on April 10, 2013, 10:02:55 PM

Proudhon has deleted his post, quoted in the OP...

Did anyone else see it? This is pretty unbelievable, quotes are easy to fake..

https://bitcointalksearch.org/topic/btc-price-prediction-the-power-of-jdbif-algorithm-172998
the whole topic it was supposedly posted on is not accessable...

bitcoinBull

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rippleFanatic

Quote from: solex on April 10, 2013, 10:02:55 PM

Proudhon has deleted his post, quoted in the OP...

Did anyone else see it? This is pretty unbelievable, quotes are easy to fake..

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Wuji on April 10, 2013, 10:17:32 PM

Quote from: nobbynobbynoob on April 10, 2013, 09:52:26 PM

Let's remember, thus, that bears like proudhon and evolve are very important to the community. Hearing some skepticism and negativity (some of which is perfectly reasonable) might help keep a lid on things and deflate manic bubbles before they grow dangerously out of control. We need sustainable growth, right?

I am wondering what things are like at Silk Road right now? If you wanted to by something at $250 then see the price go to $105 how are buyers or sellers even able to do transactions right now? Until Bitcoin settles down are people really using it at all?

I pay for my hosting service with Bitcoins. Today is my due date for the month.

I will just go on the site, click "pay bill". It will give me the amount of BTC I owe based on the price at that moment and I will pay it.

I do not plan on trying to play the market or time things perfectly.

I have figured out that if you just move money into Bitcoin when you have it and you spend it without worrying about price you are better off. In the long run the value will do nothing but go up so worrying about 2-3% here and there is pointless.

Coincrazy

newbie

Activity: 28

Merit: 0

Quote from: nobbynobbynoob on April 10, 2013, 09:43:50 PM

Shucks! Should've seen that before. If proudhon sounds remotely bullish, you know it's time to bite the bullet and buy fiat. Grin

Seriously, though, there is method in the madness: if the ultra-bears suddenly go quiet, you know it's probably a bubble likely to pop at any moment.

Super learning

Wuji

newbie

Activity: 56

Merit: 0

Quote from: nobbynobbynoob on April 10, 2013, 09:52:26 PM

Let's remember, thus, that bears like proudhon and evolve are very important to the community. Hearing some skepticism and negativity (some of which is perfectly reasonable) might help keep a lid on things and deflate manic bubbles before they grow dangerously out of control. We need sustainable growth, right?

Yes what many have lost sight of or don't get is that Bitcoin is supposed to be a currency. One of the most important aspects of currency is that it is fairly stable and dependable. You only want it to grow based on tangible real fundamentals. Talking about things that have not happened yet are speculation and great for stocks that will turn profit but, terrible for a currency. I am wondering what things are like at Silk Road right now? If you wanted to by something at $250 then see the price go to $105 how are buyers or sellers even able to do transactions right now? Until Bitcoin settles down are people really using it at all?

dopamine

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Activity: 486

Merit: 500

Im gonna say weak hands caused the crash we going higher...

Elwar

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Viva Ut Vivas

Quote from: solex on April 10, 2013, 10:02:55 PM

Proudhon has deleted his post, quoted in the OP...

It is almost

Quote from: solex on April 10, 2013, 09:41:57 PM

Unbelievable

solex

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100 satoshis -> ISO code

Proudhon has deleted his post, quoted in the OP...

Elwar

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Viva Ut Vivas

Quote from: XXthetimeisnowXX on April 10, 2013, 09:57:08 PM

and NEVER say bitcoin is going to grow k

lol

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

come on PROUDHUN talk some smack....but wate for us to get past 200 then talk some crap. we need skeptics but not in a time like this. just keep up the good work and NEVER say bitcoin is going to grow k

nobbynobbynoob

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Activity: 784

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Annuit cœptis humanae libertas

Let's remember, thus, that bears like proudhon and evolve are very important to the community. Hearing some skepticism and negativity (some of which is perfectly reasonable) might help keep a lid on things and deflate manic bubbles before they grow dangerously out of control. We need sustainable growth, right?

Kazu

full member

Activity: 168

Merit: 100

Quote from: Elwar on April 10, 2013, 09:36:39 PM

Quote from: justusranvier on April 10, 2013, 10:31:02 PM

Well, if we made it to $266 then maybe I was wrong and the market is growing enough to sustain the growth.

Followed by a mass sell off by all.

Oh my goodness.

Quote from: Mt. Gox

High:$266.00000

He called the top to the damn penny.

jojo69

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diamond-handed zealot

jesus, its uncanny

nobbynobbynoob

hero member

Activity: 784

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Annuit cœptis humanae libertas

Shucks! Should've seen that before. If proudhon sounds remotely bullish, you know it's time to bite the bullet and buy fiat. Grin

Seriously, though, there is method in the madness: if the ultra-bears suddenly go quiet, you know it's probably a bubble likely to pop at any moment.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: Elwar on April 10, 2013, 09:36:39 PM

Quote from: justusranvier on April 10, 2013, 10:31:02 PM

Well, if we made it to $266 then maybe I was wrong and the market is growing enough to sustain the growth.

Followed by a mass sell off by all.

OMG! This was it. Unbelievable, but true.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: justusranvier on April 10, 2013, 10:31:02 PM

Well, if we made it to $266 then maybe I was wrong and the market is growing enough to sustain the growth.

Followed by a mass sell off by all.

Topic: What really caused the crash (Read 1354 times)