barbs
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1000


View Profile Personal Message (Offline)

Ignore
September 05, 2013, 12:59:15 PM

I got burned too last night (was on a date and couldn't really respond to alerts, watched in horror as price plummeted on my iphone notification centre while kissing this girl at a bar, my hands were full and I wanted to do a market sell at 138. Lost a few hundred dollars in that respect and dropped an extra hundred on this date so last night was an expensive one for me but worth it Smiley

I realllly think this is not a fair valuation for BTC.. it should be much lower, fact is price is simply a function of coins available just on gox and not representative of the ones floating out there at any time and is a very small subset of whats out there just this order book being manipulated by whales i mean come on, liquidity problems at gox, how is this a sound market

I love BTC but I think there will be a period of price spikes / dumps for quite a while which strictly speaking in terms of distributing more coins is a good thing, but burning speculators / new comers is a bad thing. BTC price reminds me of chasing a mouse around the living room trying to catch it sometimes.