Quote from: Melbustus on December 16, 2013, 08:33:08 PM

Quote from: Dafar on December 16, 2013, 08:20:48 PM

It was fun believing for a second that we may finally be a part of the wealthy elite thanks to believing in bitcoins early on...

Chuckle. Weren't you the one who borrowed $1m from your dad and intended to put it into bitcoin without telling him? Newsflash, kid: you ARE the wealthy elite.

(apologies if that was someone else...lol)

I didn't do it, I realized I was blinded by greed and hype and I was not thinking much about the consequences. I can afford to risk my own money on something like this but not my dad's. I would be crying right now if I did. And newsflash, just because your parents have money doesn't mean you do.

Quote from: MatTheCat on December 16, 2013, 08:53:10 PM

Quote from: Dafar on December 16, 2013, 08:20:48 PM

It was fun being bullish for the last few weeks, being surrounded by so much enthusiasm and having high hopes of BTC going to the moon. It was fun believing for a second that we may finally be a part of the wealthy elite thanks to believing in bitcoins early on. But looks like our dreams are coming to an end, at least for now. BTC and LTC is going down HARD. Once that dreaded China rumor turns out to be true, it will go down even faster... probably back to around $200 or less in the next few days/weeks (which is not unusual at all for bitcoin, people seem to forget how incredibly volatile this is). 55 LTC and 15 BTC losing value like it's nothing.... my entire life savings is going down the drain right in front of my eyes.

Looks like I have to continue giving handjobs for a living and get back into putting up my services in the "Casual Encounters" section of craigslist. Thanks guys. We're done. Finished.

~~not serious, can't wait for 2014, china showed us the potentail for bitcoin, btc will be big in USA in 2014 when wallstreet and other huge players get in~~

Never listen to the Bitcoin nutters!

I don't, but I am also a Johnny come lately to BTC speculation (been buying xtc and dmt with $10 BTC on the darkweb for yonks though), and if I paid the slightest bit of heed to the hoards of reactionary drunk on avarice idiots on Bitcoin forums, I would most likely be joining you down the local park lavatories, giving out handjobs at £10 per go.

Don't don't don't and do not ever listen to the raging Bitcoin fundamentalists on this or any other forum!

Last night, I read some post somewhere 'predicting' the price to rise 'now that its Monday and fresh money can get into the exchanges'. I thought about challenging this particular nutter on this completely unfounded assumption but I just didn't have the energy. There is too many of them and they call the tune on the forums across the internet, although not on the Bitcoin exchanges themselves, where it really matters.

On that note however, don't delude yourself into thinking Bitcoin is going down the tubes. It isn't. Save for an 'event' it is here to stay. Even if this China drama drives it down to $100 (I don't personally believe this btw), Bitcoin will remain and be utilised as an important and useful tool to many people who will be willing to keep pumping liquidity into it. My brother dived into Bitcoin at the near top of the April 2013 bubble. He ended up selling at some point in the bear trend that succeeded it, and made a 60% loss. Had he just held until even now, post Nov/Dec double top, he still would have quadruppled his money within the space of 8 months....not fkn bad going really!

I have no intention of selling, I would be feeling really good right now if we weren't going through a huge bear phase but oh well. I still don't think bad news from one country will affect bitcoin forever.

The only way BTC will completely go down the drain is if everyone gets rid of it or if there's a fundamental flaw or bug in the bitcoin protocol that we have not seen yet.