I agree with BCwinning with the point about bagholders.
Anyone with a noteworthy bag isnt leaving at a low, they wait for better opportunity. Someone who got their 50+ bitcoins when they were worth less than 10USD is not terribly concerned with dumping it (my situation, thus speaking from experience). They will wait because they didnt risk a huge investment in the beginning! It is more likely that the only bag holders dumping would be BTC miners, as they are more likely people who use it as supplemental income.
Disagree.
Old timers who got at 10usd is most likely kicking themselves and sell most if not all to lock in the profit while they still can.
Post
Topic
BoardEconomics
Re: Did Hillary Really Say That? [Mike Maloney]
by
Leina
on 03/11/2014, 08:16:09 UTC
Not entirely wrong given the entrenched cronyism in the government and high tax and regulation which killed of all the businesses in the US.
So, she is right that government "creates" job in the US.
Post
Topic
BoardPolitics & Society
Re: THOUSANDS of Chemical Weapons Discovered at Iraqi Complex Now Held By ISIS
I wish we will see one of them in Istanbul one day
I think that soon or later we will see bitcoin ATM in every corner of the world, including Istanbul. Bitcoin will become mainstream, like Visa and Mastercard today.
Fee from bitcoin ATM is still expensive comparing to local ATM card.
Post
Topic
BoardSpeculation
Re: Bitcoin will plummet to $10 by first half of 2014
Even knowing all the problems Bitcoin is facing and he is going to face, and even knowing it's very difficult for common folk to own Bitcoin.. he's not just being stubborn. He's losing the little credibility he has. He should just admit his mistake and admit that nothing like Bitcoin has appeared till today which would question Economy's theories. I think some of these economists and Finance people are kind of like Butthurt because they were not the ones coming up with Bitcoin, solving some economic and finance problems. So they are acting like "Know it all" people that dismiss Bitcoin as Nerd's money. Kind of like those who dismissed the internet, MP3, P2P, Facebook, you name it.
Hah,
While I think bitcoin is innovative, I won't compare it to facebook or other social networking sites. Facebook is over value and doesn't solve any problems that can't be solved using other methods.
Not only that, but, from the article: "Theres many more and more sophisticated giant operations around the world, including this one in Washington, USA, which generates about $US8 million a month."
The one in Washington state is sick. Now this is what a profitable mine looks like.
More like $100,000 a month now.
The miners depreciate much faster than $100k a month.
Post
Topic
BoardDigital goods
Re: Sell account Twitter Followers 115K + + +
by
Leina
on 04/10/2014, 11:41:48 UTC
What can buyer do with the account?
Post
Topic
BoardBitcoin Discussion
Re: PayPal to split from eBay in 2015 flotation
by
Leina
on 01/10/2014, 03:19:13 UTC
Wonder if ebay will start accepting google checkout and apple pay.