Quote:
Originally Posted by snake_in_the_ass
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Quote:
Originally Posted by snake_in_the_ass
So it hit 8820 and people were like, "Hey look, a sub-9000 bitcoin" and they hit the buy button.
If we don't see it back at 10k soon, we are looking at a new established rate in the 4 figures, and probably a prolonged march downward.
Forum Wars also might be correct that the cap on coins produced is mostly meaningless if new coins just replace it.
Starting to remind me of the dot com bust of early 01.
Quote:
Originally Posted by Dan Druff
honestly we see this every time it passes a psychological barrier tho. automated buy orders kick in, the price upticks, all the collar poppers say MOON IN 3 .. 2.. and the price stagnates then drops to a new low.
The more I think of it, the more this really does resemble the dot com (web) situation of 01.
Both invoked a seemingly life changing concept invented about 8 years prior.
Both were supposed to change the way commerce worked forever.
Both took on insane value when the public got excited.
Both had copycats spring out of nowhere which were supposed to be the new ground floor, and also became overvalued.
Both had far less practical use at the time than their valuation indicated.
One saw a horrendous crash at the beginning of calendar year #9, which damaged the economy as a whole, and only years later did the true practical value become clear.
The other....? Well, we might be seeing it.
Quote:
Originally Posted by Dan Druff
out of rep but interesting point.
Or this was like the beanie baby boom which ended 2 months before the dot com stocks crashed. Is it a coincidence the stock market has been going up for 8 straight years? Stock crash is coming next. Get ready Sonatine and Krypt. And unlike you guys, I will be betting on it.Quote:
Originally Posted by Dan Druff
Fuck off you dork
Persians are the n-words of the Middle East. Keep making forecasts with no money in play. That's what n-words do.Quote:
Originally Posted by Krypt
I will be buying more
Quote:
Originally Posted by big dick
im rooting for you but please dont go full estrogen at me when i kermitalanche during the inevitable plummets.
And we have these price/volume charts painting interesting pictures.
Chart 1 (shows the quick beginning of the latest drop from 9,900K down)
Someone clearly ran for the exit and smashed the guys who were trying to keep BTC at its then 9,900 floor couldn't withstand the crush of this force.
The current chart showing the most recent 6 hours...
Volume is still high. Perhaps it's abating a bit. If it does, you'll see a small to medium short term rally...
Again, VOLUME is the pusher. And we can see from the way it happened that someone or a group of people were trying to get out at all costs.
I can only imagine how the whole bitcoin thing has been torturing druff knowing he missed the boat to an easy few million.
You spend days obsessing over a $100 or 2 in baseball tickets I can only imagine how bad this is tormenting you I grt it causes you to lose sleep.
Don;t give me some bullshit either you and I both know it's true. You want bitcoin to tumble out of pure greed and jealousy and the fact that you fucked up and didn't buy or hold when it was cheap and it's driving you insane and the only way you will feel any comfort is if bitcoin goes to zero
which it won't so get ready for more sleepless nights.
MOST of the people on this site, even with meager "investing" bankrolls, missed out on a few million in easy profits. But seriously, in 2010/2011, I think most level headed people had no idea that enough time had passed since the .dot com bubble days to know we were standing on a ground floor opportunity to invest in LONG NUMBERS that people would literally be clamoring to buy up for thousands of dollars from you some day.Quote:
Originally Posted by big dick
Quote:
Originally Posted by big dick
Then why do we only see these posts in this thread when btc faceplants?
Yes. And he couldn't take it that weed smoker no job Micon was richer than him. Same reason why Krypt and Sonatine want it to go down. They were too smart to get duped into buying digital beanie babies.Quote:
Originally Posted by big dick
Hey Krypt, if you want to dig up old posts...why not dig up the original post of this thread. The one where Sonatine said Bitcoin was donkdown at $200.
The bulk of the money was made in the past 18 months. Still nobody wanted to pull the trigger. I'm talking about LTC, ETC, and the alt coins. They had unbelievable runs.Quote:
Originally Posted by Forum WarsMOST of the people on this site, even with meager "investing" bankrolls, missed out on a few million in easy profits. But seriously, in 2010/2011, I think most level headed people had no idea that enough time had passed since the .dot com bubble days to know we were standing on a ground floor opportunity to invest in LONG NUMBERS that people would literally be clamoring to buy up for thousands of dollars from you some day.Quote:
Originally Posted by big dick
The 3 musketeers jerking each other off again means another rally is coming. 10-20% pop across the board.
http://www.bbc.com/news/technology-42892380
Samsung is focusing on firing up ASIC chips specifically for mining.
Thats some mighty fine timing, Samsung.
It could be. But these are still just LONG NUMBERS. Semi-scarce LONG NUMBERS within their own series, but still just LONG NUMBERS.Quote:
Originally Posted by snake_in_the_ass