Silk Road forums

Discussion => Off topic => Topic started by: Jack N Hoff on May 02, 2013, 02:21 pm

Title: Bitcoins are currently tanking
Post by: Jack N Hoff on May 02, 2013, 02:21 pm
$96.69 USD :(
Title: Re: Bitcoins are currently tanking
Post by: ProudCannabian on May 02, 2013, 02:27 pm
Everybody is cashing out today I guess.  ;)
Title: Re: Bitcoins are currently tanking
Post by: IceIceIce on May 02, 2013, 02:28 pm
I wonder what is going on too!! MtGox is lagging again!
Title: Re: Bitcoins are currently tanking
Post by: Jack N Hoff on May 02, 2013, 03:07 pm
$95

That haven't been this low in a little over a month.
Title: Re: Bitcoins are currently tanking
Post by: trc on May 02, 2013, 03:15 pm
Buy litecoin :)
Title: Re: Bitcoins are currently tanking
Post by: IceIceIce on May 02, 2013, 03:19 pm
$95

That haven't been this low in a little over a month.

 :( :( :( :( :(

And keep dropping
Title: Re: Bitcoins are currently tanking
Post by: F600 on May 02, 2013, 03:31 pm
WOW!!!.. WTH! Not to worry they will go back up..... stay positive!
Title: Re: Bitcoins are currently tanking
Post by: cerealbox on May 02, 2013, 06:58 pm
pfff. I think of bitcoins as an investment. I think of it as money laundering.
Title: Re: Bitcoins are currently tanking
Post by: fire on May 02, 2013, 07:28 pm
Time to buy! :)
Title: Re: Bitcoins are currently tanking
Post by: MuddbuttJenkins on May 02, 2013, 10:55 pm
Its a buyers market baby!!! :D
Title: Re: Bitcoins are currently tanking
Post by: Jack N Hoff on May 03, 2013, 08:36 am
$85.01 :(
Title: Re: Bitcoins are currently tanking
Post by: bruzzcuzz on May 03, 2013, 08:52 am
im happy to hold my bitcoins in cold storage as long as i get 3 grams of methamphetamine right now.


if i was a vendor i wouldnt want to sell any drugs with the value falling this steadily and consistantly.. if btc goes to single digits again i cant EVER see it going to 100 again.. i mean.. its only going to gain value if the damn greedy fuckers of this world wanna pump and dump

btc has just shit pumped and dumped out of it.

litecoin has decreased too
Title: Re: Bitcoins are currently tanking
Post by: nanpa2001 on May 03, 2013, 09:04 am
Yeah, BTC is fucking bullshit. I have never lost so much money for no reason in my life.
Title: Re: Bitcoins are currently tanking
Post by: deep987 on May 03, 2013, 08:16 pm
Such short memories some people have.
You know bitcoin has been below $20 for the vast majority of it's life, right?
Easy come, easy go.
(btw I don't think it'll return $20, just trying to provide a frame of reference)
Title: Re: Bitcoins are currently tanking
Post by: TemaculaSunrise on May 03, 2013, 08:59 pm
Yea lot of stuff happening today, SR still down, this Coinlab suing Mt.Gox crap, just kind of a bad bitcoin day.

We'll see what happens in the new few days/weeks, I wonder if the bitcoin luster is beginning to wear off from the spike and return to a little above two months ago.  Seems like a lot are selling off, at the same time it has kicked back to 94.  I don't have much at all in bitcoin but I would be nervous if I did, this is too volatile and a lot are getting burned trying to make a quick buck.
Title: Re: Bitcoins are currently tanking
Post by: Jediknight on May 03, 2013, 09:07 pm
I got lots in. Ya, my hands are shaky.  Last time, I waited it out and came out on top. 

Then this happened.  I think these guys manipulate the market somehow and do this over and over.  It's like betting and knowing a sure thing.   Buy when low sell when high.  It's simple.

But,  . . . You really have to have he funds to leave there for months at a time with out touching it.   So I keep coins in separate wallets based on the price I bought them at.  So, I only spend from those wallets when the price is well above the price I bought them.  You can't mix them up or you'll spend them at the wrong times


I really hope they go back to 160.+
Title: Re: Bitcoins are currently tanking
Post by: cerealbox on May 03, 2013, 09:08 pm
I don't know why you're keeping so many bitcoins for so long that you're actually losing a significant amount of money. I guess if you're a vendor, it makes sense. Probably takes time to get rid of it and a lot is coming in.
Title: Re: Bitcoins are currently tanking
Post by: Sc0t1and_Y4rdi3 on May 03, 2013, 09:24 pm
I got lots in. Ya, my hands are shaky.  Last time, I waited it out and came out on top. 

Then this happened.  I think these guys manipulate the market somehow and do this over and over.  It's like betting and knowing a sure thing.   Buy when low sell when high.  It's simple.

But,  . . . You really have to have he funds to leave there for months at a time with out touching it.   So I keep coins in separate wallets based on the price I bought them at.  So, I only spend from those wallets when the price is well above the price I bought them.  You can't mix them up or you'll spend them at the wrong times


I really hope they go back to 160.+

another dream crushed by bitcoin lolz
Title: Re: Bitcoins are currently tanking
Post by: thetopshelf on May 03, 2013, 09:43 pm
Personally I do not see the price staying lower than 100 USD in the long term.

Either that or it goes back to 10-30 a coin
Title: Re: Bitcoins are currently tanking
Post by: PerPETualMOtion on May 04, 2013, 03:23 am
Its a buyers market baby!!! :D

+1