Topic: WTF BTC = 500USD!!! - page 2. (Read 4442 times)
The number of transactions crashing isn't gox, https://coinbase.com/charts look at that dive. More than halved in less than a week, in a time period when so many retailers have now started to accept bitcoins.
Can we have a drop to 300$?
So is this the new norm? Look for "bad news", price crashes temporarily, and then goes back up 10-15% in a matter of hours? Seems like its been happening frequently in the last few weeks.
Yes it has, but it hasn't risen back to where it was like it used to. Volumes of transactions are very low, larger numbers of companies accept bitcoin now as payment but are actually exchanging them for currency via Bitpay or similar and actually selling the bitcoins in reality.
There's not going to be much incentive to mine them soon if their value drops to the region where a 10k rig doesn't stand a chance to break even, a lot of big ASICs wont even pay their power bills...then we'll have the rollercoaster on mining too as difficulty rises and falls.
Tough times, and they won't get better by us thinking they will.
Buy high...sell low.
That isn't a very solid long-term investment strategy.
Where's Rpietila? He can say "I told you so." 
I guess the good news is that in spite of the panic selling because of Gox we are back near $700.
If someone asked if Gox closing would cause the price to drop to only $700 I would have been surprised. It shows that the price has some tremendous support even with all the growing pains. Hopefully with these "kinks" being worked out more secure and professional exchanges will emerge. Time will tell.
I guess the good news is that in spite of the panic selling because of Gox we are back near $700.
If someone asked if Gox closing would cause the price to drop to only $700 I would have been surprised. It shows that the price has some tremendous support even with all the growing pains. Hopefully with these "kinks" being worked out more secure and professional exchanges will emerge. Time will tell.
So is this the new norm? Look for "bad news", price crashes temporarily, and then goes back up 10-15% in a matter of hours? Seems like its been happening frequently in the last few weeks.
Yes it has, but it hasn't risen back to where it was like it used to. Volumes of transactions are very low, larger numbers of companies accept bitcoin now as payment but are actually exchanging them for currency via Bitpay or similar and actually selling the bitcoins in reality.
There's not going to be much incentive to mine them soon if their value drops to the region where a 10k rig doesn't stand a chance to break even, a lot of big ASICs wont even pay their power bills...then we'll have the rollercoaster on mining too as difficulty rises and falls.
Tough times, and they won't get better by us thinking they will.
So is this the new norm? Look for "bad news", price crashes temporarily, and then goes back up 10-15% in a matter of hours? Seems like its been happening frequently in the last few weeks.
Yes it has, but it hasn't risen back to where it was like it used to. Volumes of transactions are very low, larger numbers of companies accept bitcoin now as payment but are actually exchanging them for currency via Bitpay or similar and actually selling the bitcoins in reality.
There's not going to be much incentive to mine them soon if their value drops to the region where a 10k rig doesn't stand a chance to break even, a lot of big ASICs wont even pay their power bills...then we'll have the rollercoaster on mining too as difficulty rises and falls.
Tough times, and they won't get better by us thinking they will.
So is this the new norm? Look for "bad news", price crashes temporarily, and then goes back up 10-15% in a matter of hours? Seems like its been happening frequently in the last few weeks.
Shit fuck
As usual, all panic only last like few hours..
Shit fuck
Lol one more panic attack ..! BTC's are more thrilling then roller coaster ride, it depends on you whether you enjoy the ride or not..! I agree that it's a thrilling ride, but I think the rider's enjoyment is greatly influenced on where they boarded the roller coaster. If your entry point is below $100 then I expect you enjoy the ride very much, If you got on at somewhere over 800, then it might not be so much fun.
Shit fuck
Lol one more panic attack ..! BTC's are more thrilling then roller coaster ride, it depends on you whether you enjoy the ride or not..!
Shit fuck
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