Holliday
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Activity: 1120
Merit: 1012
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February 24, 2014, 05:29:02 AM |
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The current problem with the BItcoin price is that too few people hold too many coins. (Satoshi has 1 million, FBI has 100K, etc.)
Once more people hold less coins, the price will go up.
When the exchange rate goes up, more people will hold less coins. |
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molecular
Donator
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Activity: 2800
Merit: 1023
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February 24, 2014, 05:29:37 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
Who really knows? Maybe magicaltux is pissed at bitcoin and selling his stash  Still 5k left oops, yeah. it seemed gone on bitcoinity. is bitcoinwisdom reachable on a different URL or just gone? |
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Holliday
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Activity: 1120
Merit: 1012
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February 24, 2014, 05:29:42 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
Who really knows? Maybe magicaltux is pissed at bitcoin and selling his stash If so, will Mt. Gox shut down sending Bitcoin to the moon (or the floor)? It will be painful at first, but better in time. |
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Holliday
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Activity: 1120
Merit: 1012
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February 24, 2014, 05:30:12 AM |
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LOL. People took this company seriously. |
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surfer43
Sr. Member
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Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 24, 2014, 05:30:19 AM |
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The current problem with the BItcoin price is that too few people hold too many coins. (Satoshi has 1 million, FBI has 100K, etc.)
Once more people hold less coins, the price will go up.
When the exchange rate goes up, more people will hold less coins.  This sounds like adoption/stability issue...  |
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derpinheimer
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Activity: 896
Merit: 1000
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February 24, 2014, 05:30:35 AM |
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Wow... It really does seem to be the end? I totally did not see that coming. |
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surfer43
Sr. Member
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Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 24, 2014, 05:32:01 AM |
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This is the first serious indication there is foul play going on... (not saying there is any, it's just strange...) |
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surfer43
Sr. Member
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Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 24, 2014, 05:33:41 AM |
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People holding Goxcoin: Sell now as insurance. If the buy wall disappears, there is only downward pressure  |
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kkaspar
Full Member
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Activity: 140
Merit: 100
banned but not broken
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February 24, 2014, 05:35:07 AM |
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Smart traders want profit. There are no smart buyers with bitcoin. If someone bought bitcoins when they costed less than 1 dollar without the intention to trade, they are smart. If someone buys bitcoins without the intention to trade and they are worth $1 million next year, then they are smart. If someone bought bitcoins when they were less than a dollar with the intention to trade, then they inevitably sold when they were $10 if they were smart, and therefore are stupid because they lost out on their bitcoins going to 1000 dollars.
Relativity invalidates your argument... like many arguments
To me, it seems common sense, that bitcoin will be obsolete after new developments in coming years, and with that, the units will lose value. So, I consider someone a fool, if one doesn't think that one has to sell their coins. To me it seems the same, as if people would have told that "Spacewar!" will be the computer game that will be played by everyone for several decades. I'm quite certain that bitcoin has a relatively short lifespan, but it does introduce the idea of open sourced monetary systems, and this will be placed high in history books. |
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Holliday
Legendary
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Activity: 1120
Merit: 1012
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February 24, 2014, 05:35:30 AM |
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This is the first serious indication there is foul play going on... (not saying there is any, it's just strange...) The fact that you can't withdraw fiat or bitcoins from a Bitcoin exchange was the first serious indication that there is foul play going on. |
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adamstgBit
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Activity: 1904
Merit: 1039
Trusted Bitcoiner
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February 24, 2014, 05:36:11 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
Who really knows? Maybe magicaltux is pissed at bitcoin and selling his stash If so, will Mt. Gox shut down sending Bitcoin to the moon (or the floor)? It will be painful at first, but better in time. once mtgox is gone and the resulting panic is done.... buying that dip seems like a no brainer to me. |
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Holliday
Legendary
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Activity: 1120
Merit: 1012
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February 24, 2014, 05:38:44 AM |
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Smart traders want profit. There are no smart buyers with bitcoin. If someone bought bitcoins when they costed less than 1 dollar without the intention to trade, they are smart. If someone buys bitcoins without the intention to trade and they are worth $1 million next year, then they are smart. If someone bought bitcoins when they were less than a dollar with the intention to trade, then they inevitably sold when they were $10 if they were smart, and therefore are stupid because they lost out on their bitcoins going to 1000 dollars.
Relativity invalidates your argument... like many arguments
To me, it seems common sense, that bitcoin will be obsolete after new developments in coming years, and with that, the units will lose value. So, I consider someone a fool, if one doesn't think that one has to sell their coins. To me it seems the same, as if people would have told that "Spacewar!" will be the computer game that will be played by everyone for several decades. I'm quite certain that bitcoin has a relatively short lifespan, but it does introduce the idea of open sourced monetary systems, and this will be placed high in history books. For Bitcoin to become obsolete, something better will have to take it's place. When something better takes it's place, bitcoin holders will have the opportunity to trade bitcoins for the replacement. |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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February 24, 2014, 05:39:24 AM |
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wow, hiding stuff for lawsuits? |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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February 24, 2014, 05:40:06 AM |
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Thousands of BTC of bids piling up on Gox, suddenly.
Thinking theyre (MTGox) getting bought.
Stamp dropping
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analytics
Member
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Activity: 98
Merit: 10
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February 24, 2014, 05:41:50 AM |
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LOL gox price is spiking?  ?? |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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February 24, 2014, 05:41:55 AM |
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Thousands of BTC of bids piling up on Gox, suddenly.
Thinking theyre (MTGox) getting bought.
Stamp dropping
where? at 100$ piece? |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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February 24, 2014, 05:42:52 AM |
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Thousands of BTC of bids piling up on Gox, suddenly.
Thinking theyre (MTGox) getting bought.
Stamp dropping
where? at 100$ piece? Of course, but its still a big deal. About 2k ~200, 400k. Thats something. |
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analytics
Member
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Activity: 98
Merit: 10
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February 24, 2014, 05:43:22 AM |
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some major f$%%# manipulations today eh
somebody had a plan, whats funny is they think no one would find out probably too
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