A restaurant near City Hall and a jewelry store in the Gaslamp Quarter are the first business in San Diego to have a Bitcoin ATM.
You followed us for at chance @ .38 USD then bailed when you didn’t win?
That’s not very shibetastic. =b
(we’re at 1498 1499)
very follow. much congrats. wow.
coolarganthonius send us your DOGE address.
such send. very transaction. wow.
Transaction ID: 6fa4a133dfa820587d327a2e0069f7334b8bab9d9c8a362cf2df1f98bad3351f
We’re not at the bottom.
Mining Operations - Overhead, new equipment, electricity, payroll. They’re dumping bitcoin for cash to stay in business. When the price goes down, they have to sell more… which has a spiraling effect. Worse still is the mining difficulty keeps skyrocketing which is at insanity levels. Next projection is an 18% increase.
Merchant adoption - Nearly all of the major merchants that accept bitcoin immediately dump the bitcoin they receive for cash, which causes downward pressure. Some bitcoin is likely saved, Overstock publicly announcing their methods, but the majority has to be dumped for cash.
Traders - Majority of traders are bearish, lots of shorting. Downward pressure. Dump bitcoin for cash.
Winter 2013 Average Joes - Regular people who don’t fully get it and invested last November-December, who got in high are even more scared, dumping.
Long term holders/understand tech/obsessive fans/etc. - I fall into this group. I’m waiting. Why buy now? Why not be patient? I’ve made a few very tiny purchases on the way down from August 18 levels, but there’s no rush to spend serious fiat for bitcoin. Worse case scenario I buy on the way up from some positive NYDFS news at $475 or $550. For long term holders, the difference between $434 and $534 is not that important. Might as well sit tight and see if this bitch hits $200.
"Gee, I wonder why LTC and FTC are skyrocketing as BTC dives?"
If you want to play this game, know where to hide when TSHTF.