Do you mean SLR? Silverlake Resources - http://forums.silverstackers.com/topic-43805-silver-lake-resources-slr.html top of $3.90 about 1.5 years ago - closed at 40c today In the dotcom crash, Cisco dropped 86% and Amazon lost 93%
All ords didn't drop at all, but it hadn't had the huge run up like the nasdaq Aussie Internet stocks certainly crashed though - many disappearing altogether
I was wordering how cool silverstackers here on board are talking about and trading with cryptocurrency. In the german PM Board cryptos are olny getting bashed. If you try to talk about and share information 98% of the members are getting angry and have nothing better to do than grumble about. You wont get new friends by taking out you own and trade cryptos. I think its because they are very much frustrated about PM markets. I love PMs and i can have both. Also if cryptos crashes there is a big laught about. If i would say i am mining with a rig at 1100W 24/7 they would stone me
Yes, I agree - I'll always be a stacker - plus my stack of junior miners, if they ever come up with the goods. I always try to buy value whenever I can - doesn't mean I'll hold on to whatever I've bought for long, but do get this into perspective - cryptos only ever are (and I think will be) pocket money for me. I've already made back multiples of my original stake/s on them, so volatility like this goes with the territory - and as we all know such volatility always presents a trading opportunity if you have some cash on the sidelines and the stomach for a bit of a roller coaster ride.
Ask yourself do you really think the factory Bitcoin miners that spent millions of dollars on ASIC hardware are going to say oh well Bitcoins finished lets just turn off the rigs and close down shop? Do you really see it falling to zero or near zero without just a few people on the planet saying hey I might just buy up all the coins while they are soooo cheap? If anyone has bet the house on Bitcoin I don't know how you would sleep as it's a heck of a roller-coaster of Greed and Fear however this time next year I think Bitcoin will have stabilised somewhere between the ($8K - $20K) mark
I hope you guys make a bundle of money and crypto currencies find some stability in the long term. Obviously some of us (Me included) are going to have a bit of fun watching you guys stress! And...we will continue to have a "dig"; at you blokes; it's just a "bit" of harmless Aussie fun. Best to those who purchased at the highs! Best to those who purchased low and...didn't sell at the highs but managed to follow the trade down. Best to those who purchased Crypto's to diversify their portfolio. :lol: Best to all those guys who spent thousands on new hi-end graphics cards and super-dooper Cpu's...at least you have a decent computer now. Cheers H
The signs of the "dip" were obvious about 3 weeks ago: http://forums.silverstackers.com/topic-47928-dippin.html
I'm tempted to jump back in now but I think the slide still has longer to go. Things have stabilised for the meantime, but I'd love to see it slip under $400 in time for Christmas.
Hey, we gotta post things up for posterity's sake: Litecoin Price Mirrors Bitcoin's Plunge After China News
It was actually the release of Olivia Newton John & John Travolta's new Christmas album that pulled the rug on Bitcoin people - c'mon ffk's sake - get real! [youtube]http://www.youtube.com/watch?v=k3c6R6V1prY[/youtube]
Your graph shows the same thing, its the same data isn't it? I don't make this shit up! do you want me to put up the 4 year graph with a 29,000% increase?
Metalzzz, If I look at the chart you presented, I would think btc sat flat all of 2012 and then had a huge bubble recently. The truth is that the April 2013 bubble was much bigger and far more devastating when it burst, than the recent bubble. Your chart shows the april bubble as a small bump, and gives little indication of what actually occurred. Your April has a tiny red line compared to the huge slashing red candles of the December crash, so therefore isn't your chart implying that the december crash was worse than april? My chart showed April as having longer red candles than December, so isn't mine more representative of the truth? No need to post the 4 year chart. It's something like > 600,000% increase btw! Anyway here's a graphic to demonstrate why log is necessary.
Lol To Da Moon Why is log "necessary" it's a different way of presenting data. Bubble bubble bubble put lipstick on it, dress it up to look pretty. We are in a bear market for bitcoin deal with it
