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446977 No.446977[DELETED]  [Reply] [Original]

>$450
HAHAHAHAH YOUR MICKEY MOUSE CURRENCY IS OVER FAGS
HAHAHAHAHA!!!!

>> No.446996

>>446977
time to double down

>> No.446998

>>446977
>over
>4...something
>few years ago was $5
>protocol is safe
how about no

>> No.447006

>mfw I realized I'm down $5k
shit
HAHAHAAH I FUCKED UP

>> No.447011
File: 30 KB, 902x219, Screen Shot 2014-08-15 at 1.08.39 PM.png [View same] [iqdb] [saucenao] [google]
447011

>>446977
i ran my bitcoin experiment and escaped by the skin of my teeth. time to delete my coinbase account.

>> No.447014

>>447011
really? you went through all this trouble for a mere $120 ?

>> No.447016

Just buy low and sell high. If you aren't able to do that wait until you can. Shit's easy as fuck, I don't understand how people lose money on it.

>> No.447019

>>447014
That's what I said too. I figured with its volatility, there was some room to continue making money, but if its general trend is downward, I'm not touching it again.

>> No.447034

Who's going to be buying at the end of this crash?

>> No.447040

>>447034
me

>> No.447051

>>447034
>>447040
And me.

But I'm a gormless knob, so I'll slice my wrists open trying to catch a falling knife.

>> No.447092

>>447034
All in as soon
1FuCKyoUet16sGvR1YfEyXXGfuBAnwGGKo

>> No.447093

>>446998

It's time to stop living in the past and trying to justify the drop in price. If google's stock dropped in half you wouldn't say it's no big deal just because it's still higher than what it was when they started off.

>> No.447098

>>447093
Up 400% in the last 52 weeks. I am planning on buying more. Stay pleb

>> No.447107

so is this a good time to buy?

>> No.447110

Holy, nows a good time to buy then!

>> No.447111

>>447110
i want to believe but at the same time, can it just deflate down to a convergence?

>> No.447146
File: 27 KB, 400x600, 1324185889436.jpg [View same] [iqdb] [saucenao] [google]
447146

I remember the crash to $2 when someone posted a troll thread in /pol/ that was very similar to this one. It had almost the exact same structure, actually.

>$2
ALL CAPS SOMETHING SOMETHING MICKEY MOUSE CURRENCY IS OVER FAGS

So my question is: Is this a reference to the drop to $2, or are you the same OP, or is it just that the poor anti-bitcoin trolls are the exact same in 2014 as they were in 2011?

Serious question.

>> No.447171

>>447034
I am thinking about it heavily although honestly i haven't been keeping up on BTC that much. after i lost so much last time during the boom.

Its been pretty stable a few weeks ago sticking at ~525 (BTCAVG)

How low do you guys think it will go

>> No.447173

>>447146
hey gais hey gais beenu baby use to $2 then omagah omagah it was wurth thowsends! so that mean beenu baby gud investmint bro!

>> No.447194

You just have to wait for some reliable drug dealers to come back online again.

>> No.447274

What about this?
http://newsdaily.com/2014/08/14/ebay-in-talks-to-take-bitcoins-at-payments-unit-wsj/

>> No.447278

Dumb question:

What if the price crashes below the cost-to-mine? Like, imagine the price falls to $300 and the average cost of mining a bitcoin is $500.

If every miner stopped working, what would happen? Surely this is a big risk now.

>> No.447282

>>446977
Shit, I can't believe I actually considered buy 2 bitcoins a few months ago.

>> No.447284

>>447278
Market is always relatively efficient, you wont have upside down fundamentals like that for bitcoin. Market participants wont allow prices to get too wacky without a lot of mis information going around.

>> No.447290

>>447194
They never left. Fluctuations in price are the result of market manipulation.

>> No.447425

>>447278
With less competition mining would get easier for the remaining miners, so they would be getting more btc./$spent on electricity.

Do you even understand btc bro?

>> No.447442

>>447107
not yet
don't quote me on it though

>> No.447449

>>447278
if less people mine, the cost to mine (hardware [since miners are only as valuable as the product they mine]) decreases. the difficulty to mine also decreases, making the mining still valuable

if theoretically the price of bitcoin becomes $0 then nothing matters anymore and those with coins essentially lose their assets. I don't think it'll happen though, there's already a market set up and crypto currency is a great idea. remember the value of money is what people think its worth

>> No.447708

>>447278
used to always be more expensive to mine than it was worth. the prospect of future increase in value was what drove interests in mining

>> No.447741

>>447278 here

>>447425
nope, I'm new to this. I've read however that the difficulty might take weeks to adjust, which means that if many miners leave, the others will just have to work harder (takes longer/more electricity to mine one block), and so more will quit, etc.

Hopefully the network can be resilient to this.

>>447449
I hope that when adoption gets out of limbo, and bitcoin starts going mainstream, people will be much more confident in it and we can see the price soar again.

>> No.447756
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447756

>>447741
Why would the difficulty take weeks to adjust? Who would be hashing? Aliens? The illuminati? Lizard people?

>> No.447793

>>447034
Me.

I have a lot of needs for BTC, and even a slight rise in price puts me in a much better position.

>> No.447795

How are alt-coins these days?

Is it worth building a mining rig for or should I just buy and sell? I have a 7970 sitting around.

>> No.447799

too many better coins then bitcoin. bitcoin had the advantage it was first. but aol was first in the internet, napster was first in music, myspace was first... its all gonna come to an end they started the technology they won't finish it.

>> No.448087

>>447799
>aol was first in the internet, napster was first in music, myspace was first

Terrible analogy.

>> No.448101

>not buying low

top kek

>> No.448102

>>448101
>implying this is low
lel, have fun when it's back under $10/coin.

>> No.448107

>>448102
>$10/coin

confirmed for not having the slightest clue. Why don't you go back to
>How do I become a millionare
thread, faggot.

>> No.448110

>>448107
>millionare
Dunno what that is, but coincidentally I happen to be a millionaire.

It's only a matter of time before bitcoin is kill. Only deluded coiners can't seem to grasp this and keep holding onto their mythical projections.

>> No.448116

>>448110
Bitcoin will die one day, no one is delusioned enough to think it won't. But I'm confident something else will take its place.

But let's assume for a minute that cryptocurrency will die. Why not milk it for as long as you can and reap the benefits? It's like an opportunity and you just wave as it passes by.

>> No.448121
File: 2.00 MB, 313x240, 1408140378739.gif [View same] [iqdb] [saucenao] [google]
448121

I just bought 1BTC and have 0.44 left to convert to alts, preferably ones that will make me rich.

what do /biz/?

>> No.448123

>>448121
sell it for real money, all the alts have plummeted

>> No.448128

>>448123
I just bought it for real money you idiot. I can afford to take small risks.

>> No.448269

>>448128
>preferably ones that will make me rich.

no alt will make you rich dumbass

unless you're in on the scam

>> No.448288

>>448269
>no alt will make you rich dumbass
Tell that to the guy(s) who bought 5btc+ worth of CLOAK when it was 18k satoshi and sold it at 250k.

>> No.448321

>>448121
Participate in the crowdsale at storj.io

just fucking trust me on this one

>> No.448368

>>448288
>250k
>rich

top kek

I guess a tiny majority winning at the roulette wheel of cryptos makes it so that buying all these shit scams a good idea.

>> No.448389

BUY BUY BUY