Bitcoin crashes, losing nearly half of its value in six hours
- Thread starter ly2 from WF
- Start date
ITT:
A bunch of webmasters trading one currency (no, it's not even a pair) with minimal liquidity and insane amounts of volatility (based on nothing, but price action) whose technical analysis ability goes as far as "well, it's been going down for a while so it's going to go up!".
Not to mention it's a little amusing to see guys who go on and on about sound money interested in speculating a digital currency that they'll have to cash out in "fiat" currency.
What's up for next money, just going straight down the line to imaginary currency?
A bunch of webmasters trading one currency (no, it's not even a pair) with minimal liquidity and insane amounts of volatility (based on nothing, but price action) whose technical analysis ability goes as far as "well, it's been going down for a while so it's going to go up!".
Not to mention it's a little amusing to see guys who go on and on about sound money interested in speculating a digital currency that they'll have to cash out in "fiat" currency.
What's up for next money, just going straight down the line to imaginary currency?
The amount of people who invest to get rich quickly is beyond me without any disregard to what the fuck they are investing in. I love this fucking cuntry.
Translation: I am getting pwned with too much rational thinking that it is making me question the amount of time, energy, and money I am putting towards Bitcoin.
I am going back into my Uncle Scrooge cave to count coins while you fuckers fight among yourselves.
He said he wouldn't be posting about bitcoin anymore, but I presume if the price keeps falling he'll go away altogether in despondency or return if it rises.
LOL.
All the regulars here knows I'm addicted to WF. It'd take a lot more than an opportunity to buy more coins to make me run away in shame.
LOL.
All the regulars here knows I'm addicted to WF. It'd take a lot more than an opportunity to buy more coins to make me run away in shame.
Amen, brother.
I think a lot of people in the $200 Bitcoin thread assumed i'm anti-bitcoin or anti-speculating because I called a bubble and I believe Bitcoin isn't stable enough to be an effective currency yet.
That does not mean i'm going to sit on the sidelines if this hits $20. If this hit's $20, you best bet i'm buying a metric shit ton of coins.
If we learned anything from the stock market, buy when the streets run red with blood.
Exactly. Just because there was an obvious bubble doesn't mean that bitcoins have no value, just that they were severely overvalued.
yea but wan't there a lot of blood when it fell to 115 yesterday? the problem with these idioms is that there is no way to quantify 'how much' with an accurate reference point.
Well a lot of it boils down to intuition. I didn't think $115 was the bottom, or close to it. I pegged the bottom at sub $50.
