Bitcoin carshing! mid 300s now and tumblin' | |
astor
User ID: 32610911 United States 02/14/2014 02:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 5476585 Australia 02/14/2014 02:17 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 54346694 United States 02/14/2014 03:35 AM Report Abusive Post Report Copyright Violation | Wow, lots of posts in here that don't seem to have any understanding on how it works. Please research for yourself by looking up how bitcoin works, there's a great semi-technical youtube which explains the blockchain very well. Once you understand the tech behind it you'll change your mind because it's that fundamental. The blockchain is an amazing thing (from a high level understanding). It's mechanics are a very crude simulation of how reality is created moment to moment (creation of reality is at a much much higher frequency). Each block requires agreement by those in it's universe just like reality. Once it's confirmed by enough other people it becomes real and then a little longer it becomes history which makes it much harder to change, just like reality. The biggest problem with bitcoin is that it's very scarce and people are holding on to it to try and make huge bucks. Doge on the other hand is very abundant and is thrown around like handfuls of dirt. The difference is that Doge derives it's value from the interest people have in it and interest in wanting to use it, everyone likes to get and give. |
Anonymous Coward User ID: 46284758 New Zealand 02/14/2014 03:45 AM Report Abusive Post Report Copyright Violation | Wow, lots of posts in here that don't seem to have any understanding on how it works. Please research for yourself by looking up how bitcoin works, there's a great semi-technical youtube which explains the blockchain very well. Once you understand the tech behind it you'll change your mind because it's that fundamental. Quoting: Anonymous Coward 54346694 The blockchain is an amazing thing (from a high level understanding). It's mechanics are a very crude simulation of how reality is created moment to moment (creation of reality is at a much much higher frequency). Each block requires agreement by those in it's universe just like reality. Once it's confirmed by enough other people it becomes real and then a little longer it becomes history which makes it much harder to change, just like reality. The biggest problem with bitcoin is that it's very scarce and people are holding on to it to try and make huge bucks. Doge on the other hand is very abundant and is thrown around like handfuls of dirt. The difference is that Doge derives it's value from the interest people have in it and interest in wanting to use it, everyone likes to get and give. That might all be true, but the CASH, THE DOLLARS in bitcoin at the moment are not a relfection of people using it to buy thing. The CASH AND DOLLARS in bitcoin at teh moment are mostly SPECULATORS, day traders, and pump and dumpers. Not to mention the early adopters of whom many were also MINE_ HOLD _ SELL people. I say to you that the majority of the bitcoins right now belong to speculators and early miners ( and there are a small number of people who own almost half of all bitcoins- proving my point) WHen these guys run for the exits the price IN DOLLARS will go down to what it is worth as a medium of exchange ( if it survives the downward crash). I'm thinking less that $10 |
Anonymous Coward User ID: 54348549 China 02/14/2014 04:45 AM Report Abusive Post Report Copyright Violation | It's at $580 dickhead. Sounds like you're linked up to PBS Kids or suh uh. Quoting: Anonymous Coward 25475408 No it's not dickbrain. It's now at $334. Even lower! Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes. It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell. |
Anonymous Coward User ID: 46284758 New Zealand 02/14/2014 05:21 AM Report Abusive Post Report Copyright Violation | It's at $580 dickhead. Sounds like you're linked up to PBS Kids or suh uh. Quoting: Anonymous Coward 25475408 No it's not dickbrain. It's now at $334. Even lower! Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes. It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell. can you explain what is behind the HUGE difference between mtgox and stamp price? |
Anonymous Coward User ID: 40000232 Sweden 02/14/2014 05:46 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 54349639 China 02/14/2014 05:48 AM Report Abusive Post Report Copyright Violation | It's at $580 dickhead. Sounds like you're linked up to PBS Kids or suh uh. Quoting: Anonymous Coward 25475408 No it's not dickbrain. It's now at $334. Even lower! Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes. It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell. can you explain what is behind the HUGE difference between mtgox and stamp price? My understanding is xe, which is considered among the most reliable of forex sites, takes the average of various exchanges. Unless there is some arbitrage potential, the difference could be down to some exchanges only willing to buy at a certain strike price (i.e. much lower than what is apparently being shown within a localized exchange like mtgox, maybe because they know the goose is cooked). I would not be ignoring the current 350ish being shown on xe. |
Anonymous Coward User ID: 46284758 New Zealand 02/14/2014 05:50 AM Report Abusive Post Report Copyright Violation | It's at $580 dickhead. Sounds like you're linked up to PBS Kids or suh uh. Quoting: Anonymous Coward 25475408 No it's not dickbrain. It's now at $334. Even lower! Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes. It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell. can you explain what is behind the HUGE difference between mtgox and stamp price? My understanding is xe, which is considered among the most reliable of forex sites, takes the average of various exchanges. Unless there is some arbitrage potential, the difference could be down to some exchanges only willing to buy at a certain strike price (i.e. much lower than what is apparently being shown within a localized exchange like mtgox, maybe because they know the goose is cooked). I would not be ignoring the current 350ish being shown on xe. I've been following gox, btce, stamp and xe, seems that xe goes directly off mtgox |
Apocalypse Troll
Trollicus Apocalyptus User ID: 19827255 United States 02/14/2014 05:50 AM Report Abusive Post Report Copyright Violation | This thread is so retarded, OP is ignorant. Average is around 600 - most have yet to remove a defunct exchange (MTGOX) from their price averages: [link to bitcoinwisdom.com] It is volatile, that is a fact. I suggest you do your own research instead of listening to people with agendas. "Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible." [link to www.statutes.legis.state.tx.us] |
Anonymous Coward User ID: 54349639 China 02/14/2014 05:51 AM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 54348549 No it's not dickbrain. It's now at $334. Even lower! Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes. It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell. can you explain what is behind the HUGE difference between mtgox and stamp price? My understanding is xe, which is considered among the most reliable of forex sites, takes the average of various exchanges. Unless there is some arbitrage potential, the difference could be down to some exchanges only willing to buy at a certain strike price (i.e. much lower than what is apparently being shown within a localized exchange like mtgox, maybe because they know the goose is cooked). I would not be ignoring the current 350ish being shown on xe. I've been following gox, btce, stamp and xe, seems that xe goes directly off mtgox But check xe right now, 330. And gold and silver are off to the races as we speak. Something is up. |
Anonymous Coward User ID: 2592883 United Kingdom 02/14/2014 05:52 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 54349639 China 02/14/2014 05:53 AM Report Abusive Post Report Copyright Violation | This thread is so retarded, OP is ignorant. Quoting: Apocalypse Troll Average is around 600 - most have yet to remove a defunct exchange (MTGOX) from their price averages: [link to bitcoinwisdom.com] It is volatile, that is a fact. I suggest you do your own research instead of listening to people with agendas. Wait and see. Xe is the harbinger of bitcoin doom. I'm sorry that you have to defend bitcoin, but I hope you don't lose your shirt. No agenda here. ALL THE more power to you if you can make some bucks from it, but I'm staying away. |
Apocalypse Troll
Trollicus Apocalyptus User ID: 19827255 United States 02/14/2014 06:11 AM Report Abusive Post Report Copyright Violation | This thread is so retarded, OP is ignorant. Quoting: Apocalypse Troll Average is around 600 - most have yet to remove a defunct exchange (MTGOX) from their price averages: [link to bitcoinwisdom.com] It is volatile, that is a fact. I suggest you do your own research instead of listening to people with agendas. Wait and see. Xe is the harbinger of bitcoin doom. I'm sorry that you have to defend bitcoin, but I hope you don't lose your shirt. No agenda here. ALL THE more power to you if you can make some bucks from it, but I'm staying away. I don't own any bitcoin, and will not. It is a bear market for all cryptos except one or two. I just hate seeing misinformation and lies spread like truth. The crypto market is capitalized with many billions in currencies from all over the world. It is, after all, just another currency. "Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible." [link to www.statutes.legis.state.tx.us] |
Anonymous Coward User ID: 53327619 China 02/14/2014 06:42 AM Report Abusive Post Report Copyright Violation | This thread is so retarded, OP is ignorant. Quoting: Apocalypse Troll Average is around 600 - most have yet to remove a defunct exchange (MTGOX) from their price averages: [link to bitcoinwisdom.com] It is volatile, that is a fact. I suggest you do your own research instead of listening to people with agendas. Wait and see. Xe is the harbinger of bitcoin doom. I'm sorry that you have to defend bitcoin, but I hope you don't lose your shirt. No agenda here. ALL THE more power to you if you can make some bucks from it, but I'm staying away. I don't own any bitcoin, and will not. It is a bear market for all cryptos except one or two. I just hate seeing misinformation and lies spread like truth. The crypto market is capitalized with many billions in currencies from all over the world. It is, after all, just another currency. nope. no lies being told here whatsoever. xe has it plain as day. |
Anonymous Coward User ID: 39400952 United Kingdom 02/14/2014 08:03 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 50348551 Canada 02/14/2014 09:13 AM Report Abusive Post Report Copyright Violation | LMAO MT GOX, was not accurate when the price was 130$ above every other exchange. I told this to every dumbass trying to sell me some. Mt GOX, is still not accurate when its 300$ below the established exchange rate. All this proves is that, MT GOX...is useless at setting a price, and a dangerous place to ever even consider having a bitcoin trade/hosting/wallet. mt gox is going to disappear...it is irrelevant |
Anonymous Coward User ID: 33676911 United States 02/14/2014 09:38 AM Report Abusive Post Report Copyright Violation | |
Roninmd
User ID: 20458606 United States 02/14/2014 10:28 AM Report Abusive Post Report Copyright Violation | Despite the drop and being illegal in their country, the Chinese are buying it up. This must tell you something. For me this is a buying opportunity. [link to fiatleak.com] Last Edited by Roninmd on 02/14/2014 10:48 AM Roninmd |
Anonymous Coward User ID: 9026959 Canada 02/14/2014 01:13 PM Report Abusive Post Report Copyright Violation | Oh the humanity Quoting: Anonymous Coward 54340105 Next stop $180? I feel sorry for anyone gambling with such digital games, but the writing was on the wall from the beginning. Now at $365 on xe.com Wow, get a grip people its not going anywhere but up in the near future. Currently was trading around $675, who said it was going be worth $100 today? Wrong! |
Anonymous Coward User ID: 47342726 United States 02/14/2014 01:37 PM Report Abusive Post Report Copyright Violation | Oh the humanity Quoting: Anonymous Coward 54340105 Next stop $180? I feel sorry for anyone gambling with such digital games, but the writing was on the wall from the beginning. Now at $365 on xe.com Wow, get a grip people its not going anywhere but up in the near future. Currently was trading around $675, who said it was going be worth $100 today? Wrong! you do realize it's nothing but a piece of algorithm / software which eventually will be obsolete and replaced with faster and more secure alternatives. |
Anonymous Coward User ID: 53809655 United States 02/14/2014 02:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 53809655 United States 02/14/2014 02:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 23308411 United Kingdom 02/14/2014 02:16 PM Report Abusive Post Report Copyright Violation | well mt gox is currently selling at $446.90 and crypto-trade is at $651.01 [link to scrnch.me] so buy on mtgox and sell at crypto-trade easy $205 profit an even better currency is unobtanium it was $2.70 a few weeks ago and now it's $21.98 it has a maximum of 250,000 coins and will be blasting past bitcoin in the near future |
Anonymous Coward User ID: 53809655 United States 02/14/2014 02:34 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 54320540 United States 02/14/2014 02:35 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 54320540 United States 02/14/2014 02:38 PM Report Abusive Post Report Copyright Violation | well mt gox is currently selling at $446.90 Quoting: Anonymous Coward 23308411 and crypto-trade is at $651.01 [link to scrnch.me] so buy on mtgox and sell at crypto-trade easy $205 profit Seriously? an even better currency is unobtanium it was $2.70 a few weeks ago and now it's $21.98 Quoting: Anonymous Coward 23308411 it has a maximum of 250,000 coins and will be blasting past bitcoin in the near future What? |
Anonymous Coward User ID: 17775108 United States 02/14/2014 02:42 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 23308411 United Kingdom 02/14/2014 02:43 PM Report Abusive Post Report Copyright Violation | well mt gox is currently selling at $446.90 Quoting: Anonymous Coward 23308411 and crypto-trade is at $651.01 [link to scrnch.me] so buy on mtgox and sell at crypto-trade easy $205 profit Seriously? an even better currency is unobtanium it was $2.70 a few weeks ago and now it's $21.98 Quoting: Anonymous Coward 23308411 it has a maximum of 250,000 coins and will be blasting past bitcoin in the near future What? apparently you can't withdraw on mt gox so it is probably gonna fail soon. as for unobtanium all the info is here [link to bitcointalk.org] and check the price here [link to unoticker.com] cryptsy has it listed UNO |
Roninmd
User ID: 20458606 United States 02/14/2014 03:19 PM Report Abusive Post Report Copyright Violation | well mt gox is currently selling at $446.90 Quoting: Anonymous Coward 23308411 and crypto-trade is at $651.01 [link to scrnch.me] so buy on mtgox and sell at crypto-trade easy $205 profit Seriously? an even better currency is unobtanium it was $2.70 a few weeks ago and now it's $21.98 Quoting: Anonymous Coward 23308411 it has a maximum of 250,000 coins and will be blasting past bitcoin in the near future What? apparently you can't withdraw on mt gox so it is probably gonna fail soon. as for unobtanium all the info is here [link to bitcointalk.org] and check the price here [link to unoticker.com] cryptsy has it listed UNO When MTGOX gets their shit straight, you want to be ready to buy before it rises on their exchange. Roninmd |