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EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 436
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April 10th, 2013 at 3:30:27 PM permalink
Right now its at $147 so anybody who bought it over
$175 just lost their collective asses. It was as high as
$266 today and as low as $105. The screams you heard
were the roof jumpers..
"It's not enough to succeed, your friends must fail." Gore Vidal
24Bingo
24Bingo
Joined: Jul 4, 2012
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April 10th, 2013 at 3:37:42 PM permalink
Damn. Almost started mining... not worth it now.

Now nothing to do but wait for it to bottom out.
The trick to poker is learning not to beat yourself up for your mistakes too much, and certainly not too little, but just the right amount.
EvenBob
EvenBob
Joined: Jul 18, 2010
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April 10th, 2013 at 3:46:00 PM permalink
Its back up to $175 but the damage has been done. Investors
will be terrified now, the horse is out of the barn. Now that they
know it can go from $266 to $105 in the space of a few hours,
the instability of Bitcoin is a glaring fact. Never a good thing for
any collectible.

Edit: Now its jumping all over the place. Was $130 5min ago,
now $154. Who knows where this will end.
"It's not enough to succeed, your friends must fail." Gore Vidal
Ahigh
Ahigh
Joined: May 19, 2010
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April 10th, 2013 at 4:10:41 PM permalink
http://blockchain.info/charts
aahigh.com
EvenBob
EvenBob
Joined: Jul 18, 2010
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April 10th, 2013 at 4:11:54 PM permalink
Edit: $142 and falling. This is exciting.

Edit: $148 and rising.
"It's not enough to succeed, your friends must fail." Gore Vidal
bbvk05
bbvk05
Joined: Jan 12, 2011
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April 10th, 2013 at 5:10:26 PM permalink
Quote: EvenBob

Its back up to $175 but the damage has been done. Investors
will be terrified now, the horse is out of the barn. Now that they
know it can go from $266 to $105 in the space of a few hours,
the instability of Bitcoin is a glaring fact. Never a good thing for
any collectible.

Edit: Now its jumping all over the place. Was $130 5min ago,
now $154. Who knows where this will end.




This type of crash has happened twice before. This type of manipulation has little to do with real demand for the product.
EvenBob
EvenBob
Joined: Jul 18, 2010
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  • Posts: 26078
April 10th, 2013 at 5:39:51 PM permalink
Quote: bbvk05

This type of crash has happened twice before. This type of manipulation has little to do with real demand for the product.



It went from $31 to $2 in 2011. A lot more painful this
time.
"It's not enough to succeed, your friends must fail." Gore Vidal
thecesspit
thecesspit
Joined: Apr 19, 2010
  • Threads: 53
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April 10th, 2013 at 5:41:49 PM permalink
A 15 fold loss is less painful than a 60% loss?

Really?
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 436
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April 10th, 2013 at 6:07:26 PM permalink
Quote: thecesspit

A 15 fold loss is less painful than a 60% loss?

Really?



Dollar wise, yes. Any gambler knows that from painful
experience.
"It's not enough to succeed, your friends must fail." Gore Vidal
24Bingo
24Bingo
Joined: Jul 4, 2012
  • Threads: 23
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April 10th, 2013 at 6:40:07 PM permalink
...you do realize that people aren't buying these one at a time, right?
The trick to poker is learning not to beat yourself up for your mistakes too much, and certainly not too little, but just the right amount.

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