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Showing 14 of 14 results by elosk
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Topic
Board Speculation
Re: Glad thats over
by
elosk
on 21/08/2012, 20:47:00 UTC
But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
That seems like a fairly baseless assumption to me.

How so? If people get their coins back, do you not think that many of them will sell to try and get out?

But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.

Meh, price will go down either way.


Why do you think it will go down if he runs off?
Loss of confidence, hampering the bubble we had.
I think the value without megabulls is below $10.

While some may lose confidence, I think there is a fair sized group of people that will want to make back what they lost.

Also, jwzguy, while yes, there are many who are people like you who are investing because of a loss of confidence in fiat, there are others who invested purely to make a profit. Since they will have made significant profits thanks to Pirate, I think that many of them will want to get out of this somewhat volatile market so that they don't risk losing these profits.

Post
Topic
Board Speculation
Re: Glad thats over
by
elosk
on 21/08/2012, 20:28:04 UTC
But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
That seems like a fairly baseless assumption to me.

How so? If people get their coins back, do you not think that many of them will sell to try and get out?


Why would they? If they get paid back, it's not like they got burned.

True, and this is purely speculation, but I believe that after having someone else sitting on their coins for so long and after making large profits, that people will be inclined to convert at least some of their coin to fiat
Post
Topic
Board Speculation
Re: Glad thats over
by
elosk
on 21/08/2012, 20:24:06 UTC
But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
That seems like a fairly baseless assumption to me.

How so? If people get their coins back, do you not think that many of them will sell to try and get out?

But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.

Meh, price will go down either way.


Why do you think it will go down if he runs off?
Post
Topic
Board Speculation
Re: Glad thats over
by
elosk
on 21/08/2012, 20:07:55 UTC
But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
Post
Topic
Board Speculation
Re: Is bitcoin stabalizing again or will it plummet even further than the weekend?
by
elosk
on 21/08/2012, 14:02:16 UTC
Personally, I believe that the market is going to drop even further than it did over the weekend. Maybe it is just that I have good faith, but I believe that Pirate will soon start paying everyone what they are owed. Once that happens, hundreds of thousands of coins will return to the market, many of which will be sold, flooding the market and bringing the prices down.
Post
Topic
Board Service Discussion
Re: centralized post of pirate payouts or other related news to the closing.
by
elosk
on 21/08/2012, 02:16:14 UTC
Code:
[04:06] <@pirateat40> When coins being to move I'll let everyone know. BTW, No you can not buy your way to the front, so stop asking.

If this was a ponzi he is putting on a great finale. Cannot buy to the front. Heh!

But it could also easily just mean he wants to be fair to all users.
Post
Topic
Board Service Discussion
Re: centralized post of pirate payouts or other related news to the closing.
by
elosk
on 21/08/2012, 02:06:57 UTC
Code:
Trading vs Shutting Down is a much harder than just clicking a button.  There is A LOT of money moving around and I want this done as orderly as possible.  The process began last night and has been happening all day but its not something that happens over night.  The repayment will begin with the earliest investors first, but its tricky cause some of them now run PPT accounts which isn't fair to some.  When coins being to move I'll let everyon
When coins being to move I'll let everyone know. BTW, No you can not buy your way to the front, so stop asking.

Post
Topic
Board Service Discussion
Re: centralized post of pirate payouts or other related news to the closing.
by
elosk
on 21/08/2012, 01:53:41 UTC
Pirate just reappeared on #btcst, we may see some movement soon.
Post
Topic
Board Currency exchange
Re: up to 38 BTC for cash available in Baltimore MD at 2% below MTGOX
by
elosk
on 30/07/2012, 22:07:52 UTC
Successfully bought 25 btc.
Post
Topic
Board Beginners & Help
Re: FREE BITCOINS!
by
elosk
on 29/07/2012, 04:57:51 UTC
-2 13hbcNKgSY8WsvFadi2MFrwuGQcNRcEvrN

Thanks for doing this!
Post
Topic
Board Beginners & Help
Re: Introduce yourself :)
by
elosk
on 29/07/2012, 04:50:27 UTC
Hey everyone, I'm fairly new here but I've been interested in bitcoins for a long time. I finally decided it is time for me to start using them so here I am! I hope to talk with many of you in the near future.
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Topic
Board Off-topic
Re: Let's Count to 21 Million with Images
by
elosk
on 28/07/2012, 19:59:46 UTC
Post
Topic
Board Beginners & Help
Re: My article about bitcoin in a marketing blog
by
elosk
on 28/07/2012, 19:40:46 UTC
That's quite an intriguing article. I think that if it gets more publicity, it will really help spur interest in bitcoins among average citizens. Thanks for the link and I hope to read more from you in the future!
Post
Topic
Board Beginners & Help
Re: How did you get your first bitcoin?
by
elosk
on 28/07/2012, 19:34:14 UTC
I got mine by mining with my desktop a few months back, but I decided to stop because I felt like the payout wasn't worth the time and energy spent.