|
humanitee
|
 |
April 08, 2013, 04:19:24 PM |
|
What? Bitcoin goes up $40 bucks in a day and you think it's sinking? The price has risen too fast, it has gone parabolic, this is due to overspeculation, some may attribute it to price realization however growth like this has *Never* been sustainable. I would have much prefered a steadier growth.
Bitcoins current price is not in line with its utility value at this point in time, people are getting greedy looking for a get rich quick scheme. Bitcoin was not designed so we could all be millionaires, but designed as a decentralized currency where fees are an order of magnitude smaller than traditional payment methods as well as the inability for governments to devalue your money through hyperinflation.
People have begun hoarding their bitcoins rather than spending them and without active commerce bitcoins intrinsic value is nothing.
I can't tell for sure when the crash will happen, but I feel that we are nearing critical mass. It may reach $250-$300/BTC before it happens, however I feel it is inevitable.
I for one have liquidated my holdings.
More people are interested in Bitcoin therefore crash. QED People are interested in bitcoins to make a quick buck and not for its inherent value therefore crash. You know this for sure because? |
| | |
Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
█ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██
█▄ ▀█ ██ █ ▄███ ██████ ███
█████ █ ██ ███ █ ████ ████ ▄ ███
█▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██
████████████████████████████████████████ |
|
|
| Whitepaper
Medium
Reddit
|
|
|
|
|
Crazy
|
|
April 08, 2013, 04:20:30 PM |
|
He knows this for sure because he has common sense and can read what people are typing.
|
Elon Krusky
|
|
|
|
humanitee
|
|
April 08, 2013, 04:20:53 PM |
|
He knows this for sure because he has common sense and can read what people are typing.
So he doesn't then. Thanks. |
| | |
Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
█ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██
█▄ ▀█ ██ █ ▄███ ██████ ███
█████ █ ██ ███ █ ████ ████ ▄ ███
█▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██
████████████████████████████████████████ |
|
|
| Whitepaper
Medium
Reddit
|
|
|
|
Krabby
Sr. Member
 Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
|
|
April 08, 2013, 04:21:04 PM |
|
Lag is melting away.
|
|
|
|
|
Gatekeeper
|
|
April 08, 2013, 04:21:28 PM |
|
i was 14,250 in gox queue on Saturday, now i'm 11,800
|
(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
|
|
|
|
ManBearPig
|
|
April 08, 2013, 04:22:23 PM |
|
This thread never fails to amuse  |
|
|
|
lebing
Legendary
Offline
Activity: 1288
Merit: 1002
Enabling the maximal migration
|
|
April 08, 2013, 04:22:41 PM |
|
i was 14,250 in gox queue on Saturday, now i'm 11,800
wow. if thats true and they are still at 15,000 they are processing over 1k apps per day?? even on the weekend? |
Bro, do you even blockchain?
-E Voorhees
|
|
|
|
y2kcamaross
|
|
April 08, 2013, 04:23:31 PM |
|
Some massive sells going on
|
|
|
|
|
|
ManBearPig
|
|
April 08, 2013, 04:26:37 PM |
|
To the bears who haven't already shat their pants: put in buy orders at $172 and $163 - repent and come back to the fold.
Oh how this thing ain't done yet.
|
|
|
|
pokerman
Member
Offline
Activity: 64
Merit: 10
|
|
April 08, 2013, 04:27:00 PM |
|
You know this for sure because?
Don't get me wrong, I am all for the idea behind bitcoins, but this recent price run up is definitely not due to practical implementation of bitcoin for real world uses. The price is increasing because people have been reading news stories about how a bunch of people became millionaires from investing in bitcoins and they want to do the same. Bitcoins true value as a decentralized currency has been pushed to the side. If there weren't so many people going crazy over the price bitcoin it could achieve a more natural growth. |
|
|
|
|
|
DougTanner
|
|
April 08, 2013, 04:29:36 PM |
|
Down we go again. Am I posting too many wall pics? Tell me to slow down if it's annoying.  |
|
|
|
|
|
|
y2kcamaross
|
|
April 08, 2013, 04:30:11 PM |
|
I just don't understand how SO many people could be selling their coins all at the same time, it's mind boggling, unless its just a few big fish coordinating
|
|
|
|
|
Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
|
|
April 08, 2013, 04:30:36 PM |
|
Not sure if primal instincts or manipulation
|
|
|
|
|
Gatekeeper
|
|
April 08, 2013, 04:33:23 PM |
|
Max Keiser @maxkeiser 5h
My meetings in City for a new BTC institutional fund going really well. I've never been circled $10 bn. for a new product this quickly.
|
(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
|
|
|
Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
|
|
April 08, 2013, 04:34:09 PM |
|
It's only fun when i'm fiat D:
didn't you sell @195 & buy back @185?  (see your post above)Yes, but it makes me sad I did not make more. Also I'm an extreme pessimist. |
|
|
|
Richy_T
Legendary
Offline
Activity: 2982
Merit: 2762
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
|
April 08, 2013, 04:34:48 PM |
|
A roller-coaster's no fun if it only goes up...
|
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
|
|
|
Crazy
|
|
April 08, 2013, 04:35:49 PM |
|
Max Keiser is a shill lying twit that's pumping promises so he can line his pockets a little better at your expense. Stop being naive. Anyone with $10bn doesn't need to be circled by a twit on a propaganda news network.
|
Elon Krusky
|
|
|
|
ManBearPig
|
|
April 08, 2013, 04:36:41 PM |
|
Down we go again. Am I posting too many wall pics? Tell me to slow down if it's annoying.
No no, someone's gotta do it There's no such thing as too often when the action is occurring! |
|
|
|
Jaques
Member
Offline
Activity: 112
Merit: 10
|
|
April 08, 2013, 04:37:08 PM |
|
It's only fun when i'm fiat D:
didn't you sell @195 & buy back @185? (see your post above)Yes, but it makes me sad I did not make more. alright, now i remember, you've been shorting, selling coins you never owned ... did you ever "really" buy some? |
|
|
|
|
|
