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mindgnome
Wanderer


Registered: 10/30/13
Posts: 816
Loc: Somewhere
Last seen: 5 years, 5 months
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Re: I hope bitcoin crashes [Re: TheMule73]
#19130399 - 11/13/13 09:01 AM (10 years, 2 months ago) |
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The exchange rate for bitcoins is insane. There has to be someone out there with like 10,000 bitcoins....They are probably fucking rich by now.
-------------------- "As I walk on through troubled times my spirit gets so downhearted sometimes so where are the strong and who are the trusted? And where is the harmony? Sweet harmony. Cause each time I feel it slippin' away, just makes me wanna cry. What's so funny 'bout peace love & understanding?" - Nick Lowe "Psychedelic drugs don't change you - they don't change your character - unless you want to be changed. They enable change; they can't impose it...” - Sasha Shulgin
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deadwk
00101011


Registered: 06/17/09
Posts: 8,890
Loc: Canada, eh?
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Re: I hope bitcoin crashes [Re: TheMule73]
#19130478 - 11/13/13 09:33 AM (10 years, 2 months ago) |
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Quote:
TheMule73 said: Good god its at about 420 right now on Gox. How long was it even n the 300s for? How hard do you guys think this will crash?
Depends on how high it goes, if it were to crash now not too much, but if it goes higher I think the crash will seem to be a lot worse as the price will be very high.
I'm going to guess that when it does crash, it'll stabalize between 150-225
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: I hope bitcoin crashes [Re: deadwk]
#19132436 - 11/13/13 06:05 PM (10 years, 2 months ago) |
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Hardly, I think it has these little mini crashes of $40-50 and than when people see that it is still really high (which if happened at $150-250 would have people panicked yelling crassh crassh and mass sell off because of it) it still increases the demand.
I'm hoping it crashes that low, I really am. But I think we are going to see $1000 a coin at this rate by the end of the year..and if it does crash it will be at something like $500 and will only crash to like $300 or so, lowest, and start an epic rise again.
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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Synthe
Gatorade me, bitch!



Registered: 11/10/12
Posts: 7,961
Loc: Three bags of Funyuns
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Re: I hope bitcoin crashes [Re: hTx]
#19132487 - 11/13/13 06:16 PM (10 years, 2 months ago) |
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It went from 370 yesterday to 400 today.
I'm expecting a crash, but what if it doesn't? What if it keeps on climbing to the $1000's?
Or will people simply dump before it happens?
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: I hope bitcoin crashes [Re: Synthe]
#19132519 - 11/13/13 06:23 PM (10 years, 2 months ago) |
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Quote:
Synthe said: It went from 370 yesterday to 400 today.
I'm expecting a crash, but what if it doesn't? What if it keeps on climbing to the $1000's?
Or will people simply dump before it happens?
Its possible to go into the 1000s, the tens of 1000s and the hundreds of 1000s
soo hard to gauge when or if it will crash next..
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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Synthe
Gatorade me, bitch!



Registered: 11/10/12
Posts: 7,961
Loc: Three bags of Funyuns
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Re: I hope bitcoin crashes [Re: hTx]
#19132609 - 11/13/13 06:48 PM (10 years, 2 months ago) |
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Quote:
hTx said:
Quote:
Synthe said: It went from 370 yesterday to 400 today.
I'm expecting a crash, but what if it doesn't? What if it keeps on climbing to the $1000's?
Or will people simply dump before it happens?
Its possible to go into the 1000s, the tens of 1000s and the hundreds of 1000s
soo hard to gauge when or if it will crash next..
Yeah, at $10 nobody was expecting it to go over $100, and at $100 nobody was expecting $200. Every time, people expect it to crash before then. And, well, it HAS crashed, but it still climbs up high again. So who knows?
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deadwk
00101011


Registered: 06/17/09
Posts: 8,890
Loc: Canada, eh?
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Re: I hope bitcoin crashes [Re: hTx]
#19133921 - 11/13/13 11:18 PM (10 years, 2 months ago) |
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Quote:
hTx said: Its possible to go into the 1000s, the tens of 1000s and the hundreds of 1000s
soo hard to gauge when or if it will crash next..
It will crash, it will always crash; But the chance of it crashing and bitcoins dying is really low. A crash is a good thing IMO, it sets the actual value to an amount that is more real. This current price jump is caused by all the media hype and attention bitcoin is getting. Go back to earlier in the year, when the price was starting to climb, so many people were buying and getting onto the btc train.
Then it crashed. What's happening now is pretty much the same thing, except on a large scale due to the massive media popularity.
Quote:
hTx said: Hardly, I think it has these little mini crashes of $40-50 and than when people see that it is still really high (which if happened at $150-250 would have people panicked yelling crassh crassh and mass sell off because of it) it still increases the demand.
I'm hoping it crashes that low, I really am. But I think we are going to see $1000 a coin at this rate by the end of the year..and if it does crash it will be at something like $500 and will only crash to like $300 or so, lowest, and start an epic rise again.
These aren't mini crashes, they are price corrections (anyone who knows a thing or two about btc will tell you that ) It's the value of bitcoins temporarily fixing its self. The current price rise is nowhere near stable, but when these price corrections happen it offsets the real crash a little more.
I read an analysis on projected price ranges, it predicted a $1.4K max by end of january/early february 2014, and a crash at the end of 2014. And various other price range estimations. So far his predictions are coming true.
I apologize if I was a bit condescending in my post.
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s240779

Registered: 12/07/10
Posts: 12,880
Last seen: 2 months, 8 days
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Re: I hope bitcoin crashes [Re: hTx]
#19133956 - 11/13/13 11:26 PM (10 years, 2 months ago) |
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I hope Litecoin rises.
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: I hope bitcoin crashes [Re: s240779]
#19133958 - 11/13/13 11:27 PM (10 years, 2 months ago) |
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whats the max potential a single LTC could be worth?
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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deadwk
00101011


Registered: 06/17/09
Posts: 8,890
Loc: Canada, eh?
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Re: I hope bitcoin crashes [Re: s240779]
#19133967 - 11/13/13 11:29 PM (10 years, 2 months ago) |
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Quote:
Da2ra said: I hope Litecoin rises.
Highly unlikely this will ever happe; alt coins (well the ones that are currently out there) are mostly gimmicky and this includes litecoin. Litecoin offers nothing different then bitcoins, so there is no reason to go to it. However the thing that it does differently, is change the way they can be mined.
The average consumer is able to mine LTC, whereas they are not able to with BTC. Due to this, one of the main uses for LTC is to mine them, and swap out to BTC. Plus with all the media hype bitcoin is getting, none of these litecoins are seeing much attention to the general public, and are only being noticed by a small amount of people which is not enough to give it a surge of popularity.
Also since LTC has a smaller user base then BTC, it is far more easily controlled by a single authority.
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: I hope bitcoin crashes [Re: deadwk]
#19134025 - 11/13/13 11:44 PM (10 years, 2 months ago) |
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BTC crashinnggg
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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NWlight
Just look


Registered: 01/12/10
Posts: 18,686
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Re: I hope bitcoin crashes [Re: hTx]
#19134030 - 11/13/13 11:46 PM (10 years, 2 months ago) |
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hehe
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deadwk
00101011


Registered: 06/17/09
Posts: 8,890
Loc: Canada, eh?
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Re: I hope bitcoin crashes [Re: hTx]
#19134044 - 11/13/13 11:49 PM (10 years, 2 months ago) |
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Quote:
hTx said: BTC crashinnggg
OH NOES!! A SMALL PRICE DROP?!!! BETTER SELL ALL YOUR BITCOINS.
Edited by deadwk (11/13/13 11:52 PM)
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: I hope bitcoin crashes [Re: deadwk]
#19134064 - 11/13/13 11:55 PM (10 years, 2 months ago) |
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ERHMAGERDD
selll nowww
or even just send your coins tooo
1CVzzRFpSPQMp1HzsVnjnhXf1rymxZmnFr
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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deadwk
00101011


Registered: 06/17/09
Posts: 8,890
Loc: Canada, eh?
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Re: I hope bitcoin crashes [Re: hTx]
#19134072 - 11/13/13 11:58 PM (10 years, 2 months ago) |
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Quote:
Total Received 0 BTC

I can see why you want the prices to drop; Unless you have a pretty nice chunk of cash, the odds of you making a solid buck are low. You should check out mining LTC if you have some decent computer hardware, and then swap them out for BTC at an online currency exchange/
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: I hope bitcoin crashes [Re: deadwk]
#19134087 - 11/14/13 12:02 AM (10 years, 2 months ago) |
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Well I just made that wallet for purposes of donating to the hTx "I'm Poor" fund.
But I have a few BTC on standby..
I lost about 4 BTC in the past few months when it was stuck trading at ~$100..buying various completely unneeded things.
Regretting that decision now
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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deadwk
00101011


Registered: 06/17/09
Posts: 8,890
Loc: Canada, eh?
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Re: I hope bitcoin crashes [Re: hTx]
#19134099 - 11/14/13 12:05 AM (10 years, 2 months ago) |
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Ah that sucks man It's always a sad thing to lose BTC.
I think I've lost a total of $600-$650 in BTC over the last year, but such is the life. Certainly made up for it through trading though 
I haven't been too much into the BTC trading game the last two months or so, I've just been chilling and observing the market, and saving up money; Waiting for my time to jump in again.
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kneesocks
Divineress



Registered: 12/25/11
Posts: 870
Loc: Puget Sound/PNW
Last seen: 1 year, 10 months
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Re: I hope bitcoin crashes [Re: deadwk]
#19134104 - 11/14/13 12:06 AM (10 years, 2 months ago) |
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Quote:
thedeadwalkk said:
Quote:
hTx said: BTC crashinnggg
OH NOES!! A SMALL PRICE DROP?!!! BETTER SELL ALL YOUR BITCOINS.
This happens all the time with stocks, though.
Speaking of stocks, mine are looking good, at the highest they've been ever since the big bear in 2007.
-------------------- "An ignorant man is lost, faithless, and filled with self-doubt; A soul that harbors doubt has no joy, not in this world or the next." -Bhagavad-gita 4:40
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: I hope bitcoin crashes [Re: kneesocks]
#19134120 - 11/14/13 12:10 AM (10 years, 2 months ago) |
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stocks up, bitcoin up, gas..down.
...
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: I hope bitcoin crashes [Re: deadwk]
#19134134 - 11/14/13 12:16 AM (10 years, 2 months ago) |
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Quote:
thedeadwalkk said: Ah that sucks man It's always a sad thing to lose BTC.
I think I've lost a total of $600-$650 in BTC over the last year, but such is the life. Certainly made up for it through trading though 
I haven't been too much into the BTC trading game the last two months or so, I've just been chilling and observing the market, and saving up money; Waiting for my time to jump in again.
at current prices, i've lost a little over $1600..
but I mean, overall I am still way out on top for investing just $100 early on when they were trading at $6 a coin and I bought one coin at $29 later on.
I should look into trading more..Now that I have a job I'm thinking of investing $50 a week into BTC regardless of price.
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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