My knowledge in regards to trading, economics and markets are on par with that of a potato. I was just interested on everybody's thoughts on what type of impact, if any, Black Friday will have on bitcoin's price.
Still figuring out how Bitcoin = Edison's renegade currency...
exceedingly annoying commentator. I'm half way through. Does he EVER describe anything, or just list a load of anecdotes, like a cheap pyramid scheme video ??
edit: sorry I couldn't finish it. Really got on my tits
Yep. The video had me scrambling for the eject button at
"no progress bar"Bitcoin price expected to go down till 480$ and then go up to an all time high
Expected by who?
Wow, such strong feelings on the matter.
To me mBTC makes much more sense, I was all for it when price passed $0.50/mBTC OR $500/BTC... whichever you prefer
we can use them interchangeably easily enough.
I just think it removes a psychological barrier for folk still getting into bitcoin who think the price is 'too high' because they don't necessarily understand the divisibility aspect.As for what to verbally call them... then I don't know, milibits? I'll leave that to the crowd!
Agreed, just saw this on the newegg facebook page.
http://s27.postimg.org/do9r4l6yr/newegg.png
EDIT : Not sure how to resize the imageWillis Report on fox business channel about to talk about bitcoin.
Is there an online resource to watch?
fml, just woke up to this
just go back to sleep
Thanks, needed a laugh.
Wow, what an emotional and physical turmoil this
"crash" had on me.
Not sure if I can breath a sigh of a relief yet, but feel must more at ease now that we have moved up again.
That morning when I woke up and the price was basically crawling around on the floor it was really tough on me to keep a level head and not to freak out.
I was so close to just unwinding everything I had, taking the knock and walking away. I think the hold mantra and the "this too shall pass" credo on this forum saved me from going through with that final decision. In the end I sold about 15% of my BTC at $730, which I consider a very reasonable price to pay for my newbie schooling. It could so easily have been everything at $580ish.
One of the biggest reasons for me freaking out was that I went from being 30% in BTC, then 50%,75% and then 95%. When I was at 30 and 50 percent the price swings barely raised an eyebrow, but once I was at 95, I just had to stay awake late at night, finger on the button, JUST IN CASE EVERYTHING came hurtling down in the blink of an eye. This was even though I was in it for the long run with all the best intentions of holding.
I personally think one of the forum posters here, Vycid, always has some or other meaningful posts which I seem to take valuable insight away from. I recalled that he mentioned that if you were constantly second guessing your long position, that you had too much invested. This was exactly my problem. I have now brought my position back to about 75%, aiming to bring it down just a little bit more. Although this is still a little bit high for me, but my stress levels is down by about 90%. I can now again see this as an exciting money experiment that I'm conducting with a portion of my money, which would not be the end of the world if it halved or dropped to even 10% of its value (think I would get out before it reached 0
).
All in all, had interesting reflections on how greed and fear operated within me and how easily your emotions can take hold.
In any event, I am ready for which ever direction we move in, because the only thing I'm doing now is holding like a motherf#cker.
I believe there is a bot or group of people methodically rinsing coins between 650/660 and 750 on bitstamp, driving the price down after 750 to let asks fill in and then rinsing coins in that range very slowly to not cause a spike in price.
Do you mind explaining the rinsing and spike in price a bit more for us dumb folk?
It is going up in the short-term only to go even lower by next week or so. We are eventually headed to the $400-$500 level - maybe slightly lower.
Probably much, much lower, now that the absolute worst has been confirmed by sources and by
official PBOC statements. Get out now.
just because we have a lot of new users in here now who may not understand the full context
http://www.youtube.com/watch?v=A7TuFy0fcuwffs youtube
Unfortunately, this SME-music-content is not available in Germany because GEMA has not granted the respective music publishing rights.
Maybe try
http://www.proxfree.com/youtube-proxy.php
