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 Replies: 128 / Views: 18,818 |
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Pillar of the Community
United States
919 Posts |
If it is a platform I think it is like the platform on a dunk tank. Someone (China) just hit the target and it dropped (50% in a day). I'm guessing those that accepted bitcoins yesterday are feeling a little under water today.
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Pillar of the Community
Canada
746 Posts |
Quote:
I'm guessing those that accepted bitcoins yesterday are feeling a little under water today.  For sure... and feeling a "bit" under water too... sorry, couldn't resist, LOL  |
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Pillar of the Community
United States
2168 Posts |
Really a roller coaster ride for the bitcoins.
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Bedrock of the Community
13014 Posts |
I bet there's people that accepted them before the drop who are no longer taking them as well.
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Pillar of the Community
United States
561 Posts |
Trust me, the merchants that accept Bitcoins are not holding them past the time that they receive them. They are converting them to USDs, Euros, etc. daily if not immediately upon receipt. If they aren't they won't be in business long making inexcusably stupid decisions like that. Bitcoin is an interesting payment processing system but as a "currency" not so much.
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Pillar of the Community
Canada
2805 Posts |
At this point, Bitcoin is impossible to cash out through any remotely non-shady channels. It's doubtful there's any actual money left in the Bitcoin economy, seeing as everyone is knocking their heads together trying to dump it and run at the same time. Almost every company that has been badgered into accepting Bitcoin is taking losses on it. Here's the saga of someone trying to sell a pile of Bitcoins for more than 50% off their market value with almost no success: Part 1 http://buttcoin.org/easyPart 2 http://buttcoin.org/easy-like-sunday-morningSo not only is it extremely volatile, the only thing holding it anywhere near its reported value is a spackle of false hope and the fact that all the exchanges are queued up into 2015. Stick to penny stocks! |
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Valued Member
 United States
239 Posts |
Well guys, Id like to be bumping this explaining how I am a filthy rich man and that I have now made it. However, that is not the case.
Today bitcoin is ~ $2700 each, I literally watched it from $8 on. If any of you bought coin when I posted this, chances are you are a very rich man. Not many generations have had an opportunity like this..
Instead I bought silver and lost. Ive sold my silver since, an emergency came about where I needed to liquidate something, and that was my PM collection. I still enjoy looking at different coins, rounds, bars, but I cant see myself getting back into it. Not for investment purposes anyway. I know many of you will disagree with me, but we'll have to agree to disagree.
Anyway I hope you guys are all doing well! Its been awhile =)
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Pillar of the Community
United States
3789 Posts |
The mistake you made was watching. All you had to do was follow the price action, get in early and sit.
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Replies: 128 / Views: 18,818 |
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Posted 12/18/2013 4:50 pm
