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OfflineCannashroom
Smoke two Joints
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Registered: 10/25/07
Posts: 2,141
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: akira_akuma]
    #18053221 - 04/03/13 04:15 PM (10 years, 9 months ago)

Hoping for a big crash coming up soon.  The weekly RSI is at 99. I mean, cmon now overbought much?  I guess bitcoin traders don't use technicals like stock traders do.

I hope there is a big crash and a bottom around $30-50. That would be good for a strong future, chart needs time to cool off IMO.  But this is complete madness.


--------------------
"A human being is part of the whole, called by us 'Universe'; a part limited in time and space. He experiences himself, his thoughts and feelings as something separated from the rest -- a kind of optical delusion of his consciousness.

This delusion is a kind of prison for us, restricting us to our personal desires and affection for a few persons nearest us.

Our task must be to free ourselves from this prison by widening our circle of compassion to embrace all living creatures and the whole nature in its beauty.

Nobody is able to achieve this completely but striving for such achievement is, in itself, a part of the liberation and a foundation for inner security."

Albert Einstein


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Invisiblechopstick
nobody
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Registered: 07/26/08
Posts: 5,079
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Cannashroom]
    #18053625 - 04/03/13 05:30 PM (10 years, 9 months ago)

Yeah, except it might go all the way up to 300 first..


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InvisibleShins
Fun guy
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Registered: 09/15/04
Posts: 16,337
Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Cannashroom]
    #18053697 - 04/03/13 05:44 PM (10 years, 9 months ago)

Quote:

Cannashroom said:
Hoping for a big crash coming up soon.  The weekly RSI is at 99. I mean, cmon now overbought much?  I guess bitcoin traders don't use technicals like stock traders do.




Most traders dont make decisions based on technical analysis, they make them because of market fundamentals.

the deductive reasoning of understanding the fundamentals is often better than the inductive reasoning of technical analysis.

inductive signs don't always mesh with overall reality and market fundamentals.

Quote:

I hope there is a big crash and a bottom around $30-50. That would be good for a strong future, chart needs time to cool off IMO.  But this is complete madness.





I wouldnt say its madness.

there are a lot of people in europe especially buying bitcoins because of sovereign credit default and austerity risk.

once more people start to realize that these problems are global and only getting worse i think that more people will buy things like bitcoins.


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http://yourlogicalfallacyis.com/


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InvisibleJohn NadaDiscord
Toujours Frais
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Registered: 03/03/03
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Shins]
    #18053887 - 04/03/13 06:16 PM (10 years, 9 months ago)

I heard it fell $30 overnight, is this true? What's a good site for monitoring the current price or price trend?


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Offlinesum_peeps
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Registered: 12/12/11
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: John Nada]
    #18053910 - 04/03/13 06:21 PM (10 years, 9 months ago)

www.mtgox.com
but there chart seems to be glitching right now.


--------------------
A child's rhyme stuck in my head.
It said that life is but a dream.
I've spent so many years in question
to find I've known this all along.
~ '][' {[]} {[]} {[_,


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Invisiblechopstick
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: sum_peeps]
    #18053953 - 04/03/13 06:29 PM (10 years, 9 months ago)

http://bitcoinity.org/markets

price went down due to mt gox (the primary bitcoin exchange..) having serious lag issues and all orders being canceled. It has since rebounded back up almost to where it was.


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InvisibleJohn NadaDiscord
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: chopstick]
    #18054029 - 04/03/13 06:45 PM (10 years, 9 months ago)

Awesome, thanks. I don't want to buy in now though, as it seems its a pretty even chance between it bursting and growing at this point.


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InvisibleNWlight
Just look


Registered: 01/12/10
Posts: 18,686
Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: John Nada]
    #18054901 - 04/03/13 09:22 PM (10 years, 9 months ago)

Quote:

MaxFresh said:
Awesome, thanks. I don't want to buy in now though, as it seems its a pretty even chance between it bursting and growing at this point.



Bitcoin right now = :fatfear:

The problem is the uniqueness of the situation.... a totally anonymous currencty.  it's essentially an experiment and people are betting either way.

strong arguments for and against.


--------------------
:wizard::deemsters:


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InvisibleMakaveli
OG
Registered: 04/01/99
Posts: 1,700
Loc: NY
Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: NWlight]
    #18102315 - 04/13/13 11:38 AM (10 years, 9 months ago)

I HAD 3,000 BIT COINS IN MY SR ACCOUNT WHEN THEY WERE $4 A PIECE

:thataintright:  :herpyderp:

so theoretically  3,000 bitcoins x (at their height of $260) = $780,000


Even off the petty 3 bitcoins I had in my account I made nice little profit.


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Offlinesomething cool
meandering


Registered: 01/30/12
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Makaveli]
    #18103871 - 04/13/13 05:05 PM (10 years, 9 months ago)

Haha, that sucks. I was similarly careless earlier on, though. LTC is our second chance.


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InvisibleNWlight
Just look


Registered: 01/12/10
Posts: 18,686
Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: something cool]
    #18104492 - 04/13/13 06:50 PM (10 years, 9 months ago)

I made enough to buy a car in less than a week :cool:

totally on accident.  I had a buttload of coins in escrow and what do you know, the vendor never logs in so i cancelled the order as soon as I could.


profit


--------------------
:wizard::deemsters:


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Offlineakira_akuma
Φύσις κρύπτεσθαι ὕψιστος φιλεῖ


Registered: 08/28/09
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: NWlight]
    #18104506 - 04/13/13 06:52 PM (10 years, 9 months ago)

holy dog shit. a car. you lucky bastard.
:fearandloathing:


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Offlinesomething cool
meandering


Registered: 01/30/12
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: NWlight]
    #18106657 - 04/14/13 04:43 AM (10 years, 9 months ago)

I woulda too, if I'd cashed out at the apex before the crash. It'll get back up there, but I wish I'd sold at least something so I could buy a lot more at the bottom. I'm mostly in LTC at the moment, figure it has larger upward growth space, and is overall superior is ability to BTC due to its faster transaction times. I think it might eventually surpass BTC, as long as more institutions start accepting it.


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OfflineLysergicX7
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Registered: 11/11/12
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: something cool]
    #18200139 - 05/01/13 11:13 PM (10 years, 8 months ago)

Can anybody give me a rundown on the stability of bitcoin? Is it safe to buy now?


--------------------
“Everybody is fundamentally, the ultimate reality. Not god in the political kingly sense, but god in the sense of being the self – the deep down basic whatever there is. And you’re all that… only you’re pretending you’re not.” -Alan Watts

I think that in human evolution it has never been as necessary to have this substance LSD. It is just a tool to turn us into what we are supposed to be.”
― Albert Hofmann


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InvisibleNWlight
Just look


Registered: 01/12/10
Posts: 18,686
Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: LysergicX7]
    #18200454 - 05/02/13 12:33 AM (10 years, 8 months ago)

Quote:

LysergicX7 said:
Can anybody give me a rundown on the stability of bitcoin? Is it safe to buy now?



it depends on whether you are trying to buy it as an investment or just as a medium to buy something illegal (let's be honest here).


if you aren't investing in bitcoin then even the most wild fluctuations don't affect you....
just buy the bitcoins, immediately transfer to your BTC wallet (probably a drug marketplace if I'm not mistaken) and place your order.

the whole process takes MAYBE 5 hours.

and really how much will the value change in that much time? hardly any at all.

so if you are still worried about the fluctuation in value, just only buy from a vender who hedges your escrow in USD then the fluctuation won't matter...

and when you buy the bitcoin make sure that you add about 20-30 extra dollars on top of what you intended to purchase.

that way you either
a) have enough and some change or
b) have enough left over to buy something cheap like an edible or god knows what.


TLDR: if you aren't using bitcoin as an investment but rather an anonymous currency to buy drugs (let's be honest here) just buy the bitcoins and then buy the drugs ASAP so that the change in bitcoin value will be irrelevant...

I always throw in an extra 20-30 dollars just to make sure I won't be short BTC when I try and make the purchase.

nothing is worse than the value of a bitcoin going down in value slightly over the course of a few hours and then being like literally 3 dollars short of being able to buy something :facepalm:

:pm: me with any other questions you have, i'm pretty familiar with how all this works,


--------------------
:wizard::deemsters:


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OfflineLysergicX7
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Registered: 11/11/12
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: NWlight]
    #18215472 - 05/04/13 09:43 PM (10 years, 8 months ago)

Thanks homie, pretty much answered my Q. I'm just buying some goodies, so thanks

"nothing is worse than the value of a bitcoin going down in value slightly over the course of a few hours and then being like literally 3 dollars short of being able to buy something" yeah i've always done that just in case. And then i usually end up having 10 or 15 extra bucks to blow on a cookie or something :P


--------------------
“Everybody is fundamentally, the ultimate reality. Not god in the political kingly sense, but god in the sense of being the self – the deep down basic whatever there is. And you’re all that… only you’re pretending you’re not.” -Alan Watts

I think that in human evolution it has never been as necessary to have this substance LSD. It is just a tool to turn us into what we are supposed to be.”
― Albert Hofmann


Edited by LysergicX7 (05/04/13 09:44 PM)


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InvisibleNWlight
Just look


Registered: 01/12/10
Posts: 18,686
Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: LysergicX7]
    #18220876 - 05/06/13 01:20 AM (10 years, 8 months ago)

Quote:

LysergicX7 said:
Thanks homie, pretty much answered my Q. I'm just buying some goodies, so thanks

"nothing is worse than the value of a bitcoin going down in value slightly over the course of a few hours and then being like literally 3 dollars short of being able to buy something" yeah i've always done that just in case. And then i usually end up having 10 or 15 extra bucks to blow on a cookie or something :P



haha somethin bout those edibles man, they are def. the best way to blow your last 10-20.

and the remaining 2-3 dollars goes towards the lotteries :grin:


--------------------
:wizard::deemsters:


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OfflineRonaldFuckingPaul
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: NWlight]
    #18252929 - 05/12/13 12:36 PM (10 years, 8 months ago)

Bitcoin is 115.10 USD right now.


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