Yah I think people are still hesitant with china right now (anything possible obv) but hopefully goes up a bit...
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Yah I think people are still hesitant with china right now (anything possible obv) but hopefully goes up a bit...
Originally posted by beemerm3
so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd findtreasures n eerything.
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Still waiting for that crash there woody, seems like it's sustaining itself pretty well ATM.Originally posted by woodywoodford
whatchu talking about foo, we're at the "new normal" stage. I stand by my point, BC isn't going to sustain.
"Anarchism is not a romantic fable but the hardheaded realization, based on five thousand years of experience, that we cannot entrust the management of our lives to kings, priests, politicians, generals, and county commissioners."
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Just an FYI, Vault of Satoshi now has a Canadian bid book.
Now a true competition to that sketchy excuse called CaVirtex.
Operator Of Beyond's Official Cardano pool.
Magical internet money for everyone!
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I don't see the value rising anymore. There are more and more vendors adopting bitcoin and as a result significantly more volume being pushed through exchanges.
The main reason the value spiked so much was simple, people kept thinking it was a great investment and didn't want to sell, and new people wanted to make money and keep buying.
Now that bitcoins should flow a lot more freely I don't see why the value needs to rise. I still view bitcoins as a transaction medium rather than a currency. I doubt we'll ever really see people getting paid in bitcoins and holding them. It'll almost always fall back to fiat at one point.
Even now, Tigerdirect does 1 mill in bitcoin sales? All those bitcoins are immediately swapped back to USD and go back into the market.
The price has calmed significantly and stayed around 800$ now a lot more stable than it ever has been in the past.
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Why do you say cavirtex is sketchy? i have an account with them and haven't had any bad experiences, but maybe i need to be careful now?Originally posted by jacky4566
Just an FYI, Vault of Satoshi now has a Canadian bid book.
Now a true competition to that sketchy excuse called CaVirtex.
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So now that bitcoin crashed pretty hard in the last 2 days, anyone interested in sellling another bitcoin or two???
Originally posted by beemerm3
so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd find
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Current price is what, $650? Something like half of what it was at when we first started talking about it? What's it gonna take to convince you this thing is unstable as all hell? That's I think the second crash I've heard of since my first post in this thread, and I pay pretty much no attention to BC.....Originally posted by Modelexis
Still waiting for that crash there woody, seems like it's sustaining itself pretty well ATM.
Interestingly enough there's a Bitcoin ETF currently waiting on approval from the SEC. No idea if it'll go ahead, but thought that was kinda neat.
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I'm waiting for a crash that even remotely resembles your graph. Your graph shows a crash that falls below the initial takeoff price level. The initial take off level was about 200$Originally posted by woodywoodford
Current price is what, $650? Something like half of what it was at when we first started talking about it? What's it gonna take to convince you this thing is unstable as all hell? That's I think the second crash I've heard of since my first post in this thread, and I pay pretty much no attention to BC.....
Interestingly enough there's a Bitcoin ETF currently waiting on approval from the SEC. No idea if it'll go ahead, but thought that was kinda neat.
It's been as low as $539 recently and it's recovered back to it's 900$ level afterwards. So I wouldn't call $650 the end of the world. 200$ maybe, not $650.
http://i.imgur.com/1KLmJco.png
Last edited by Modelexis; 02-10-2014 at 08:20 AM.
"Anarchism is not a romantic fable but the hardheaded realization, based on five thousand years of experience, that we cannot entrust the management of our lives to kings, priests, politicians, generals, and county commissioners."
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That charts a generalization of market behavior, I posted it more because I thought it might be somewhat relevant in a mildly entertaining way- no two charts are ever going to be the same, but they can share common themes.
My own thoughts are simply that BC has no real economic value and will never reliably sustain any value. I'm not saying it'll go away, but it'll always belong in casino's before brokerages.
When you speculate on equity, you're at least speculating that the underlying company will add value.
When you speculate on currency, you're betting on balance of accounts and the overall economy.
When you speculate on BC, you're betting on......? The supply and demand of internet purchases made by a niche group of internet users?
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There is no economic value in having no transaction fees on purchases large or small? No value in a digital bank account that you can literally hold in your mind and can be moved across borders without notification of any party.
No economic value in having a currency immune to money printing or government inflation?
No economic value in being able to travel with hundreds of millions of dollars in your pocket pass protected and encrypted and backed up?
Maybe to you it has no value but an increasing number of people in the market say something else.
"Anarchism is not a romantic fable but the hardheaded realization, based on five thousand years of experience, that we cannot entrust the management of our lives to kings, priests, politicians, generals, and county commissioners."
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Yowch, quite a dive. Came right back up to $~650 though, but I can imagine a few new pairs of underwear were needed during that moment.
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Last edited by 01RedDX; 10-12-2020 at 11:54 PM.
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Not quite. The flaw has been well documented for over a year and isn't a very big deal. Mt.Gox is just incompetent and build their exchange inadequately and are blaming it on someone else.Originally posted by 01RedDX
This crash is significant because it was caused by the discovery of a flaw in the software that makes it possible to fool the system to create double the actual bitcoins sent. That's bad.
Given that the software creates the only intrinsic value BTC has, I would say this is a huge problem.
People don't just *discover* major flaws that have a year + of documentation on wiki already...
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Sounds like you've not read any details about this, and if you have - you have not understood what you were reading.Originally posted by 01RedDX
This crash is significant because it was caused by the discovery of a flaw in the software that makes it possible to fool the system to create double the actual bitcoins sent. That's bad.
Given that the software creates the only intrinsic value BTC has, I would say this is a huge problem.
"Anarchism is not a romantic fable but the hardheaded realization, based on five thousand years of experience, that we cannot entrust the management of our lives to kings, priests, politicians, generals, and county commissioners."
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Last edited by 01RedDX; 10-12-2020 at 11:54 PM.
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Last edited by 01RedDX; 10-12-2020 at 11:54 PM.
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Looks like a dead cat bounce to me....I think bitcoin will be in the $300 range within 30 days
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^ it will touch $300 or steadily trade at $300....
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So if anyone wants to sell bitcoins please write here or PM Me, QUICKK sell to me before it hits $300
Originally posted by beemerm3
so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd find
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All of the donkeys will be in for a shock once gox and bitstamp get rolling again. This panick sell-off is completely baseless. Nobody who is on the doom and gloom train has any technical grasp of the issues the exchanges are dealing with. Most of the hysteria is outright false and is being fabricated by people trying to manipulate the market.Originally posted by BoostinAround
Looks like a dead cat bounce to me....I think bitcoin will be in the $300 range within 30 days
Once Gox gets going again all of the traders and panickers are going to buy back in. BTC will get pumped like crazy and the cycle will repeat. This shit happens monthly for bitcoin. It's kind of a shame, because the one thing really holding bitcoin back is the extreme volatility.
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