HOF signature, Muck
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HOF signature, Muck
Quote:
Originally Posted by Muck Ficon
:thisQuote:
Originally Posted by cmoney
There is also no reason this bubble cant be re inflated. It could even be pre planned to have it be re inflated. People may think now is the time to buy since they are getting a "good deal" thus sending the price back up. When this happens, a big sell order comes in bringing it back down. It could be the same people that made it plummet today.
If someone is carrying a ton of bitcoins and they sold ALL of them today they would not find enough buyers at a high price. However, if you sold enough to bring it down to the 100-150 range, let it re inflate, and then dump they could unload the rest of their coins at a much high price. You are counting on people to be greedy in order to make this happen but chances are you couldnt have unloaded all your coins anyway in one day. Or if you could you would be getting shit for them.
seems to be leveling out at 149
$180
:siren
TY sir.Quote:
Originally Posted by PLOL
I blame this all on China!! Guy has a horse shoe up his ass. He Sold 45k worth yesterday. Give me some lottery numbers China. I just bought $2500 worth of these badboy's so expect the value to be around $18 by morning.
fypQuote:
Originally Posted by badguy23
I bet Micon is sitting their with an ecig in one hand and his other hand glued to the mouse on mtgox clicking refresh every 5 seconds.
It's back up to $180
rofl, my bad, the mtgox external web feed stream died at 149.
Quote:
Originally Posted by BeerAndPoker
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Originally Posted by BeerAndPoker
His daughter is prob already smoking ecigs. She has to be on his lap while Martha is fucking Schoenfeld.
HE IS LITERALLY FROM THE FUTUREQuote:
Originally Posted by Dan Druff
Who the fuck registered SrslySirius at MtGox? This is the second time in a week I've found my name squatted.
Quote:
Originally Posted by badguy23
What is this all about?
"Coincidentally, the plunge came several hours after a reddit user by the name of “Bitcoinbillionaire” suddenly, spontaneously decided to give away around $12,000 (more than 63 BTC) worth of the digital currency. Bitcoinbillionaire rewarded 13 seemingly random redditors, then stopped the whirlwind spree after about eight hours. At the moment, no evidence links the currency's plunge with this random reddit charity.
Bitcoinbillionaire took advantage of reddit’s Bitcointip mechanism, which allows users to send each other small amounts of cash (usually less than $5). The mysterious benefactor appears to have given away 20 BTC (now worth slightly less than $4,000) as his or her first gift to one Karelb. This gift happened under a comment titled: “I wish for the price to crash.” That comment now seems prophetic.
A look at the account transferring all this money shows that two hours before the giveaways began, Bitcoinbillionaire received 50 BTC (about $9,500) from another account without an IP address.
Business Insider reported that Bitcoinbillionaire has left hints that he or she was an "early adopter" and had forgotten he or she even had any bitcoins. Not much is known beyond that, as Bitcoinbillionaire vanished as suddenly as he or she appeared.
"You've made me change my mind about this whole thing," Bitcoinbillionaire wrote. "I'm done."
http://arstechnica.com/business/2013...-in-six-hours/
This sounds strangely like a bitcoin gifting scam. Where is SixToedPete, the Bitcoin Gifting Cabbie?Quote:
Originally Posted by garrett
Back up to $197.
On SWC they reduced the 60 BTC guarantee to 40 BTC and the buy-in is now 1 bitcoin instead of 2. Probably a good move.
Quote:
Originally Posted by SandwichThis sounds strangely like a bitcoin gifting scam. Where is SixToedPete, the Bitcoin Gifting Cabbie?Quote:
Originally Posted by garrett
Yeah, I was wondering just how baller the swc games had become since way back when BTC was worth under $3.Quote:
Originally Posted by PLOL
I disagree about the stability of bitcoin. Though I will not ever use it as physical currency, I do see it as an easy money truck.
The reason it's not unstable is because what is the true value of a bitcoin? It's not like a stock, it's limited supply, and has monetary value. I think bitcoin will steadily climb until some government cracks down on it. It will become of, who pulls the trigger closest to the top before some company cracks down on it.
I wanted to buy so badly when it was at 110ish but bitinstant temporarily removed the cash deposit option. I was literally sitting outside a walmart hitting f5 on my laptop rigged up to a mobile hotspot trying to get it back up.
I decided to head home and checked about half way home when I noticed bitinstant was accepting cash deposits again. Bitcoin prices were about 130 at the time and I decided to insta ship the next exit and sit in a cvs parking lot and get the bitinstant transfer ready, when all off a sudden dead stop traffic. I've sat in traffic for about the last 2 hours. By the time I got to the exit bitcoins were already back up at 180ish so I scrapped the plan. I'm so pissed about this right now, it was obv a moment to buy.
Simple problem with that theory, people are using Bitcoins to hold and dump. Vehicles for profit, not as a medium of exchange. If there are not enough entities accepting them as currency, and people just use them as a carry and dump for profit vehicle, what you will get is a more volatile market in time, not less.Quote:
Originally Posted by anonamoose
You say that as if 99.999% of investment isn't for profit.Quote:
Originally Posted by garrettSimple problem with that theory, people are using Bitcoins to hold and dump. Vehicles for profit, not as a medium of exchange. If there are not enough entities accepting them as currency, and people just use them as a carry and dump for profit vehicle, what you will get is a more volatile market in time, not less.Quote:
Originally Posted by anonamoose
still mad at me for putting you on your bike?Quote:
Originally Posted by PLOL
care full scammer boy, i will bump your scammer thread every week!
Quote:
Originally Posted by garrettSimple problem with that theory, people are using Bitcoins to hold and dump. Vehicles for profit, not as a medium of exchange. If there are not enough entities accepting them as currency, and people just use them as a carry and dump for profit vehicle, what you will get is a more volatile market in time, not less.Quote:
Originally Posted by anonamoose
I agree. As I said before, these swings are looking more like a graph on a pump and dump over the counter stock than a listed stock or commodity. People think Gold and Silver are too volatile but they are not even in the same universe in terms of swings as bitcoins.
Currency only has value if people have confidence in it. When your bitcoin goes from 260 to 106 to 200 all in one day I find it hard to believe anyone can have any real confidence in it long term. Rather than a stable currency, it turns into a gambling game of who is the last man holding the rotten egg.
I am not going to get into the semantics of an investment with you here. That's not the point of this thread. You said you disagreed about the stability of a bitcoin.Quote:
Originally Posted by anonamooseYou say that as if 99.999% of investment isn't for profit.Quote:
Originally Posted by garrett
I gave you a 101 level reason as to why you are completely wrong. Nothing personal, let it marinate.
you don't need to go into semantics of something that i understand.Quote:
Originally Posted by garrettI am not going to get into the semantics of an investment with you here. That's not the point of this thread. You said you disagreed about the stability of a bitcoin.Quote:
Originally Posted by anonamoose
I gave you a 101 level reason as to why you are completely wrong. Nothing personal, let it marinate.
go back to scamming people.
Okay, I'll be care fullQuote:
Originally Posted by Baron Von Struckerstill mad at me for putting you on your bike?Quote:
Originally Posted by PLOL
care full scammer boy, i will bump your scammer thread every week!
What he is saying (and he is 100 percent right) is that instead of a currency that is used to buy goods and service it is being traded on pure speculation. Trading bitcoins is becoming like trading options or day trading .. You cant have that if you want a long term alternative currency.Quote:
Originally Posted by anonamooseYou say that as if 99.999% of investment isn't for profit.Quote:
Originally Posted by garrett
:lol3Quote:
Originally Posted by PLOLOkay, I'll be care fullQuote:
Originally Posted by Baron Von Strucker
No he's not right actually. It's no different than gold. The reason it's so volatile right now is because people don't understand it. They don't understand that when the price drops drastically like today that someone is fucking with it and that you should either buy or hold. Once there is a better understanding of this bitcoin won't be as volatile until, like I stated, the government cracks down on it.Quote:
Originally Posted by cmoneyWhat he is saying (and he is 100 percent right) is that instead of a currency that is used to buy goods and service it is being traded on pure speculation. Trading bitcoins is becoming like trading options or day trading .. You cant have that if you want a long term alternative currency.Quote:
Originally Posted by anonamoose
$143 again..
mmmm droooooooooooooooop
https://www.youtube.com/watch?v=LnPQdrPnCpE
jesus christ dude... do you even think about what you write?Quote:
Originally Posted by anonamooseNo he's not right actually. It's no different than gold. The reason it's so volatile right now is because people don't understand it. They don't understand that when the price drops drastically like today that someone is fucking with it and that you should either buy or hold. Once there is a better understanding of this bitcoin won't be as volatile until, like I stated, the government cracks down on it.Quote:
Originally Posted by cmoney
Quote:
Originally Posted by anonamooseNo he's not right actually. It's no different than gold. The reason it's so volatile right now is because people don't understand it. They don't understand that when the price drops drastically like today that someone is fucking with it and that you should either buy or hold. Once there is a better understanding of this bitcoin won't be as volatile until, like I stated, the government cracks down on it.Quote:
Originally Posted by cmoney
Sorry bud had to stop there. We are too far apart
It's no different than gold? Really?Quote:
Originally Posted by cmoneyQuote:
Originally Posted by anonamoose
Sorry bud had to stop there. We are too far apart
I guess that stuff in my safety deposit box doesn't really exist. Who knew?
Props to China for getting out just in time. Lot of people going to get burned big time here. We've had the slight rebound expected from the big drop. Expect a second one very soon in the coming days (if not sooner) once it is seen that bitcoin has lost momentum.
difference between gold and bitcoins. Gold has been valued by society as a whole for thousands of years. Bitcoins have never been valued by society as a whole.
If bitcoin is to succeed they will have to sort out the trading issues, and maybe they need 5-10 exchanges not just one huge DDoS target like mtgox.Quote:
Originally Posted by anonamoose
With a hugely volatile commodity, no one will feel safe if they can't get their positions closed out in an instant.
Cmoney wins the thread with China a close 2nd.
This bullshit is crazy. Went on mtgox last trade was $130; refreshed 10 minutes later last trade is $178.
If you invest in these you could go to bed a millionaire and wake up broke.