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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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I hope bitcoin crashes
#19113359 - 11/10/13 05:49 AM (10 years, 2 months ago) |
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So that I buy low nd make more $$ when it shoots back up again.
Its crashed slightly in the past 24 hours..from $350 something to $306..
Sell, sell sell!

Hoping I can buy atleast one more bitcoin under $100 but that is seeming less and less likely 
So what do you think, think it will crash...or rise out-of-reach for the average person to be able to afford a single BTC within a few years time.
I think a combo of both, which will help distribute bitcoin more evenly..could be wrong though. Also, do you think that the new wealthy elite that will rise with bitcoin will be good or bad for humanity?
The mathematics behind bitcoin is something truly beautiful once you understand it...It was designed to succeed.
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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zZZz
jesus


Registered: 12/28/07
Posts: 33,478
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Re: I hope bitcoin crashes [Re: hTx]
#19113366 - 11/10/13 05:54 AM (10 years, 2 months ago) |
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i think it will go down exponentially. less and less people are buying because of the high costs. eventually it will even out and everyone will get a fair share.
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TrentBoyett
Aspiring Mycologist



Registered: 11/29/12
Posts: 16,000
Loc: Kazakhstan
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Re: I hope bitcoin crashes [Re: hTx]
#19113371 - 11/10/13 05:55 AM (10 years, 2 months ago) |
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Nearly everything is designed to succeed...
But I think bitoin prices may drop a little sometime soon, but they're just gonna keep going up and and up after that...
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lessismore
Registered: 02/10/13
Posts: 6,268
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Bought bitcoins at $16 last and I thought it was expensive, was really only willing to pay $12
but you pay a premium sometimes
it was only 2 years ago I think, now theyre $100+
I did see them at $8-10 per BTC at that time iirc, they had a big crash at that time so I lost a bit of money.. lost maybe 40% in a day
personally I thought it was SR that kept the bitcoin economy going... but seems they have actually gained value since SR went down... weird
but I guess there was a lot of bitcoins confiscated... so each BTC will be worth more now less in ciculation
one of the biggest things that decides if a currency will be popular is the trust in that currency how much do people trust bitcoins
but if its the only choice for money laundering it might not be as big an issue if its trustworthy not that I have used it for that, but it is often used for that
personally Im tired of paypal and their bullshit, and customer 'service' tried bitcoins in a webshop before, worked nicely , and no fees for me compared to paypal / creditcard
Edited by lessismore (11/11/13 12:11 AM)
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lessismore
Registered: 02/10/13
Posts: 6,268
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Re: I hope bitcoin crashes [Re: lessismore]
#19113409 - 11/10/13 06:20 AM (10 years, 2 months ago) |
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Add bitcoin support to your webshop
no need to pay taxes anymore :-) heh
give your bitcoin customers 10% discount
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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: lessismore]
#19113423 - 11/10/13 06:26 AM (10 years, 2 months ago) |
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Bitcoins are $300+ right now.
I bought bitcoins at $6 in 2011 after the crash from $30 and knew I was getting a deal.
Have you seen the paper submitted by Satoshi in which he invents bitcoin?
Its one of the most genius things I have ever seen. Bitcoin wasn't successful because of SR, SR was successful because of bitcoin.
They gained value because they cannot 'seize' the purported 600k in BTC from the sites alleged owner, and because China recently got interested. Any currency that relies on a third-party (fiat) is doomed to fail against decentralized cryptocurrencies due to the very trust factor you speak of..It is truly only a matter of time before fiat and the fed crashes, imo. Also, supply and demand..recognition, etc.
Bitcoin is what it is not because of the small amount of criminal activity for which it allows, but because of the freedom and independence it allows.
Fuck a third-party, fuck a bank, fuck a western union and a paypal.
Bitcoin needs none and neither do you.
-------------------- 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: lessismore]
#19113429 - 11/10/13 06:28 AM (10 years, 2 months ago) |
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Quote:
mio said: Add bitcoin support to your webshop
no need to pay taxes anymore :-) heh
give your bitcoin customers 10% discount 
No need to get a 'merchants' account just to sell things online..
Just set-up a wallet and start your business.
Good for the economy!
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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lessismore
Registered: 02/10/13
Posts: 6,268
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Re: I hope bitcoin crashes [Re: hTx]
#19113443 - 11/10/13 06:37 AM (10 years, 2 months ago) |
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true
I sometimes get paid in bitcoins when I do trades with others IRL
know a few people who use it a lot
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mattritt
Mind Chemist




Registered: 02/02/08
Posts: 2,292
Last seen: 7 years, 10 months
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Re: I hope bitcoin crashes [Re: lessismore]
#19113574 - 11/10/13 07:42 AM (10 years, 2 months ago) |
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Shit you could use it at festivals and shit. Would revolutionize the trade.
-------------------- **Metaphysical Crystal, Stones, Gems, and Minerals** Every individual reacts differently to every chemical. Know your Body - Know your Mind - Know your Substance - Know your Source.
"You need more THC to your brain, faster." - Drr
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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: I hope bitcoin crashes [Re: hTx]
#19113601 - 11/10/13 07:54 AM (10 years, 2 months ago) |
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Quote:
hTx said: The mathematics behind bitcoin is something truly beautiful once you understand it...It was designed to succeed.
it's value is based on demand vs supply, it's that simple. if you want the value to collapse then you need to convince everyone to sell what they have. it's a tactic that's been used by people playing stocks and precious metals
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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: I hope bitcoin crashes [Re: lessismore]
#19113612 - 11/10/13 07:58 AM (10 years, 2 months ago) |
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Quote:
mio said: no need to pay taxes anymore :-) heh
false. if you trade a couple of pigs for a cow it's still taxable if you've made a profit from it (selling the cow for a greater value than 2 pigs), if you dont claim that profit then it's noncompliance or tax evasion, that's usually a far heavier penalty than just paying the tax
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Hobozen


Registered: 11/03/11
Posts: 10,634
Loc:
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Re: I hope bitcoin crashes [Re: Prisoner#1]
#19113935 - 11/10/13 09:35 AM (10 years, 2 months ago) |
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Wait for the next silk road get shut down?
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Thulean

Registered: 10/04/13
Posts: 99
Loc: British Columbia
Last seen: 10 years, 1 month
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Re: I hope bitcoin crashes [Re: Hobozen] 1
#19113946 - 11/10/13 09:38 AM (10 years, 2 months ago) |
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The "new" silk road is surely controlled by the feds... hope the vendors going back there are practicing some intense opsec.
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Gilgamesh18
Herbivore Man

Registered: 03/01/12
Posts: 11,671
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Re: I hope bitcoin crashes [Re: Thulean]
#19113959 - 11/10/13 09:41 AM (10 years, 2 months ago) |
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I still don't understand how to buy bitcoins it seems really confusing.
--------------------
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TrentBoyett
Aspiring Mycologist



Registered: 11/29/12
Posts: 16,000
Loc: Kazakhstan
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Re: I hope bitcoin crashes [Re: Thulean]
#19113968 - 11/10/13 09:43 AM (10 years, 2 months ago) |
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Quote:
Thulean said: The "new" silk road is surely controlled by the feds... hope the vendors going back there are practicing some intense opsec.
Pleas share your wisdom of how it is "surely controlled by the feds" I would really like to know how you know that for sure...
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B_BOY
Phuck Ewe



Registered: 07/17/11
Posts: 2,819
Loc: O
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It's called common sense is all. Just gotta use your head.
--------------------
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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: I hope bitcoin crashes [Re: B_BOY] 1
#19114042 - 11/10/13 10:01 AM (10 years, 2 months ago) |
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common sense isnt really that common
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Thulean

Registered: 10/04/13
Posts: 99
Loc: British Columbia
Last seen: 10 years, 1 month
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Re: I hope bitcoin crashes [Re: Prisoner#1]
#19114086 - 11/10/13 10:12 AM (10 years, 2 months ago) |
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Quote:
mjmihalov said:
Quote:
Thulean said: The "new" silk road is surely controlled by the feds... hope the vendors going back there are practicing some intense opsec.
Pleas share your wisdom of how it is "surely controlled by the feds" I would really like to know how you know that for sure...
The fact that the feds have his source code? Lol.
Any intelligent vendor / buyer operates on this level. Your mindset should be that you are dealing with a honey pot, even if you're not. Because you can never be sure.
Unfortunately most sellers are too lazy to properly set-up their operation with good security. Read accounts of seller busts from silk road 1.0, the authorities can trace where packages have been sent from and where you bought the postage from. If you don't operate as if the police are actively using this information to track you down, they will be able to.
Anyone interested in the subject of honeypots should read about the history of carding forums.
http://en.wikipedia.org/wiki/DarkMarket
As for using Tor...
The feds pay for 60 percent of Tor’s development. Can users trust it?
http://www.washingtonpost.com/blogs/the-switch/wp/2013/09/06/the-feds-pays-for-60-percent-of-tors-development-can-users-trust-it/
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TrentBoyett
Aspiring Mycologist



Registered: 11/29/12
Posts: 16,000
Loc: Kazakhstan
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Re: I hope bitcoin crashes [Re: Thulean]
#19114091 - 11/10/13 10:14 AM (10 years, 2 months ago) |
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None of that makes it surely ran by the feds, I admit it is very possible, but you can't say for sure.
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Thulean

Registered: 10/04/13
Posts: 99
Loc: British Columbia
Last seen: 10 years, 1 month
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It's a subjective take on it sure... but the opinion is founded using logic and intuition. Stay naive though.
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TrentBoyett
Aspiring Mycologist



Registered: 11/29/12
Posts: 16,000
Loc: Kazakhstan
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Re: I hope bitcoin crashes [Re: Thulean]
#19114110 - 11/10/13 10:17 AM (10 years, 2 months ago) |
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Quote:
Thulean said: It's a subjective take on it sure... but the opinion is founded using logic and intuition. Stay naive though.
I'm not naive, I said it is very possible, that does not make it a sure thing though.
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Thulean

Registered: 10/04/13
Posts: 99
Loc: British Columbia
Last seen: 10 years, 1 month
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Quote:
mjmihalov said:
Quote:
Thulean said: It's a subjective take on it sure... but the opinion is founded using logic and intuition. Stay naive though.
I'm not naive, I said it is very possible, that does not make it a sure thing though.
What would then haha, you're right they should just tell us if they are or not.
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TrentBoyett
Aspiring Mycologist



Registered: 11/29/12
Posts: 16,000
Loc: Kazakhstan
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Re: I hope bitcoin crashes [Re: Thulean]
#19114179 - 11/10/13 10:33 AM (10 years, 2 months ago) |
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Quote:
Thulean said:
Quote:
mjmihalov said:
Quote:
Thulean said: It's a subjective take on it sure... but the opinion is founded using logic and intuition. Stay naive though.
I'm not naive, I said it is very possible, that does not make it a sure thing though.
What would then haha, you're right they should just tell us if they are or not.
I'm simply saying it's impossible to know for sure, so you shouldn't be spouting off rhetoric that it is surely ran by the feds when you don't have evidence that it is.
Regardless I'll probably never use it, I never used the original either.
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TheMule73
Stranger


Registered: 08/26/11
Posts: 1,797
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Quote:
Gilgamesh18 said: I still don't understand how to buy bitcoins it seems really confusing.
Yeah, the whole thing is confusing. Unless average joes can easily obtain and keep secure bitcoins, then I am skeptical it will take off. Nonetheless though, I bought a few earlier last week from cashintocoins.com. I had to take the leap and have faith in humanity not to screw me out of my money, but hey it worked. Deposit cash into his bank account, send him a pic of the receipt, and then wait a few hours. I am going to sign up on an exchange, probably BTC-e, this week (does anyone know if they need to verify your account and how long that would take as bitstamp and others do?). Hopefully it will be easier to buy and sell through that.
I kind of just wanted to get some BTC to learn through experience. And I've definitely learned a lot more about it just this past week. You should try to get a little and you'll probably start learning along the way.
I have to figure out how to secure my wallet though. Backing it up offline or making paper wallets is all
Edited by TheMule73 (11/10/13 05:53 PM)
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BlackWidow


Registered: 09/25/11
Posts: 2,395
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Re: I hope bitcoin crashes [Re: TheMule73]
#19116304 - 11/10/13 06:02 PM (10 years, 2 months ago) |
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Read this thread about bitcoins 7 months ago: http://www.shroomery.org/forums/showflat.php?Cat=0&Number=18052132&fpart=1
It's kind of funny to read now.
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
Posts: 4,419
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Re: I hope bitcoin crashes [Re: hTx]
#19116371 - 11/10/13 06:13 PM (10 years, 2 months ago) |
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Quote:
hTx said: Bitcoins are $300+ right now.
I bought bitcoins at $6 in 2011 after the crash from $30 and knew I was getting a deal.
Have you seen the paper submitted by Satoshi in which he invents bitcoin?
Its one of the most genius things I have ever seen. Bitcoin wasn't successful because of SR, SR was successful because of bitcoin.
They gained value because they cannot 'seize' the purported 600k in BTC from the sites alleged owner, and because China recently got interested. Any currency that relies on a third-party (fiat) is doomed to fail against decentralized cryptocurrencies due to the very trust factor you speak of..It is truly only a matter of time before fiat and the fed crashes, imo. Also, supply and demand..recognition, etc.
Bitcoin is what it is not because of the small amount of criminal activity for which it allows, but because of the freedom and independence it allows.
Fuck a third-party, fuck a bank, fuck a western union and a paypal.
Bitcoin needs none and neither do you. 
What do you mean that the Feds can't seize Ulbricht's coins? They already have them.
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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they only have the coins that were on SR and cannot crack the wallet that they believe is DPRs personal wallet..
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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xpl0de
ḆËŦŦЯ_őƑ_Ŧwo ƹvïlz




Registered: 07/14/07
Posts: 2,213
Last seen: 3 years, 10 months
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They cant access them.
--------------------
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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]
#19116420 - 11/10/13 06:22 PM (10 years, 2 months ago) |
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Quote:
hTx said: they only have the coins that were on SR and cannot crack the wallet that they believe is DPRs personal wallet..
--------------------

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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
Posts: 4,419
Last seen: 9 years, 2 months
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Re: I hope bitcoin crashes [Re: hTx]
#19116586 - 11/10/13 06:50 PM (10 years, 2 months ago) |
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Quote:
hTx said: they only have the coins that were on SR and cannot crack the wallet that they believe is DPRs personal wallet..
They already have it man, it was all over the web. 28.5 million was seized by the FBI, and transferred into their own wallet.
http://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/
That was before this huge spike in prices too.
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pwnasaurus
Stranger



Registered: 07/16/08
Posts: 12,317
Loc: Canada
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Quote:
Mush4Brains said:
Quote:
hTx said: they only have the coins that were on SR and cannot crack the wallet that they believe is DPRs personal wallet..
They already have it man, it was all over the web. 23.5 million was seized by the FBI, and transferred into their own wallet.
The valuation of his personal wallet at the time of seizure was $80 million and the price has risen 250% since then. That was another wallet.
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
Posts: 4,419
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Quote:
The valuation of his personal wallet at the time of seizure was $80 million and the price has risen 250% since then. That was another wallet.
The $80 million was an estimate in the indictment, and that was the all the profit that the site had made, not just DPR.
http://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/
You can see all the 324 BTC transactions going into the FBI's wallet on the second page.
https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
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Quote:
In its criminal complaint against Ulbricht, the Department of Justice claimed that the Silk Road had earned $80 million in commissions during its time online. But it’s unlikely that the site’s administrators pocketed anywhere near that much in actual profit. When I interviewed the Dread Pirate Roberts last July, he told me that the “vast majority” of the site’s profits had been funneled back into its operations and growth. ”As far as my monetary net worth is concerned, the future value of Silk Road as an organization dwarfs its and my liquid assets,” he told me.
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Quote:
“The FBI has not been able to get to Ulbricht’s personal Bitcoin yet,” wrote Hill. An FBI spokesperson said to Hill that the “$80m worth” that Ulbricht had “was held separately and is encrypted”. At current exchange rates, that represents slightly more than 5% of all bitcoins in circulation.
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
Posts: 4,419
Last seen: 9 years, 2 months
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Re: I hope bitcoin crashes [Re: hTx]
#19117035 - 11/10/13 08:12 PM (10 years, 2 months ago) |
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There was no $80 million worth of bitcoins to be seized.
Your quote was from 18 days before the Forbes article. The FBI has seized DPR's coins.
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NWlight
Just look


Registered: 01/12/10
Posts: 18,686
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man I hope you're wrong.
different dates showing different facts. Trying to find the most recent article
--------------------

Edited by NWlight (11/10/13 08:15 PM)
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
Posts: 4,419
Last seen: 9 years, 2 months
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Quote:
Mush4Brains said:
Quote:
In its criminal complaint against Ulbricht, the Department of Justice claimed that the Silk Road had earned $80 million in commissions during its time online. But it’s unlikely that the site’s administrators pocketed anywhere near that much in actual profit. When I interviewed the Dread Pirate Roberts last July, he told me that the “vast majority” of the site’s profits had been funneled back into its operations and growth. ”As far as my monetary net worth is concerned, the future value of Silk Road as an organization dwarfs its and my liquid assets,” he told me.
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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: Thulean]
#19117330 - 11/10/13 09:14 PM (10 years, 2 months ago) |
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Quote:
Thulean said: The "new" silk road is surely controlled by the feds... hope the vendors going back there are practicing some intense opsec.
I really don't think this is entirely true to be honest. And to be honest, I don't think it would be that great of a way to catch vendors; As for the most part all you would do is catch vendors that aren't too smart, which probably aren't the top vendors. It would be more stealth and covert to conduct undercover operations against the website, make fake buys, etc...
I really don't think the website is fed owned, but I do think the second it launched the feds were conducting ops to try and take it down. Plus PGP Two-Factor Authentication? That's just making their job much harder.
edit: About the current price drop, OP is wrong to call it a crash, it was probably a momentary price correction, temporarily stabalizing a bit. If it was a crash, it would be <300, probably even <250
Edited by deadwk (11/10/13 09:21 PM)
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Kiya_Star427
Live FREE or be a SLAVE!


Registered: 10/14/13
Posts: 355
Loc: New York
Last seen: 5 years, 1 month
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Re: I hope bitcoin crashes [Re: deadwk]
#19117540 - 11/10/13 09:55 PM (10 years, 2 months ago) |
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Quote:
thedeadwalkk said:
Quote:
Thulean said: The "new" silk road is surely controlled by the feds... hope the vendors going back there are practicing some intense opsec.
I really don't think this is entirely true to be honest. And to be honest, I don't think it would be that great of a way to catch vendors; As for the most part all you would do is catch vendors that aren't too smart, which probably aren't the top vendors. It would be more stealth and covert to conduct undercover operations against the website, make fake buys, etc...
I really don't think the website is fed owned, but I do think the second it launched the feds were conducting ops to try and take it down. Plus PGP Two-Factor Authentication? That's just making their job much harder.
edit: About the current price drop, OP is wrong to call it a crash, it was probably a momentary price correction, temporarily stabalizing a bit. If it was a crash, it would be <300, probably even <250
^Agreed
Edited by Kiya_Star427 (11/10/13 09:55 PM)
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TheMule73
Stranger


Registered: 08/26/11
Posts: 1,797
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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?
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mindgnome
Wanderer


Registered: 10/30/13
Posts: 816
Loc: Somewhere
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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


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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

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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
(:



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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
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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
(:



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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
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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
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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
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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
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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
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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



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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
(:



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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
(:



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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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hTx
(:



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Re: I hope bitcoin crashes [Re: hTx]
#19134140 - 11/14/13 12:18 AM (10 years, 2 months ago) |
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also I have bought various online subscriptions, some drugs, a few domain names/web hosting, and a laptop so was atleast contributing to the bitcoin economy.
Didn't really lose out in that perspective.
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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s240779

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Re: I hope bitcoin crashes [Re: hTx]
#19134145 - 11/14/13 12:20 AM (10 years, 2 months ago) |
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Quote:
hTx said: 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.
How much money can you make from 50 dollars of bitcoins?
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hTx
(:



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Re: I hope bitcoin crashes [Re: s240779]
#19134154 - 11/14/13 12:24 AM (10 years, 2 months ago) |
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I don't know, not really in it for the money so much as I am for bitcoin if that makes sense. It could revolutionize the world.
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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s240779

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Re: I hope bitcoin crashes [Re: hTx]
#19134156 - 11/14/13 12:25 AM (10 years, 2 months ago) |
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Yeah, I know. Kudos to you.
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deadwk
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Re: I hope bitcoin crashes [Re: hTx]
#19135085 - 11/14/13 08:10 AM (10 years, 2 months ago) |
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Quote:
Da2ra said: at current prices, i've lost a little over $1600..
If we're epeening over current prices, I've made 12K and lost 3K 
Quote:
Da2ra said: How much money can you make from 50 dollars of bitcoins?
Shit all.
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s240779

Registered: 12/07/10
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Re: I hope bitcoin crashes [Re: deadwk]
#19135109 - 11/14/13 08:20 AM (10 years, 2 months ago) |
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That first quote is misquoted.
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deadwk
00101011


Registered: 06/17/09
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Loc: Canada, eh?
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Re: I hope bitcoin crashes [Re: s240779]
#19135199 - 11/14/13 08:53 AM (10 years, 2 months ago) |
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Oh sorry about that! I'll.change the name when I'm not on my.mobile
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