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Technomage makes some excellent points. it's always helpful to define the outer bound extremes and his example of just 2 nodes and a corresponding healthy Bitcoin market is helpful.
i've made the corresponding argument many times but have couched it differently using the Comex and gold analogy to Bitcoin. i think we're moving towards that model where mtgox/Bitcoinica could end up acting like a Comex where billions of tx's/fiat is moving thru those exchanges but only for trading/investment purposes. you certainly don't see gold acting as a currency to any degree worldwide.
whether you like it or not, most ppl are hoarding Bitcoin right now as a store of value. but that doesn't mean it can't act like a currency one day as it has all the right properties to become so even more than gold.
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how is the active node count calculated? is it a snapshot done everyday at the exact same time? or does it measure only nodes open for a particular period of time?
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Every dog must have his day!! Sometimes he even has him an APPLE>>>!!! FTJ!  I hate the damn manipulation in gold, look at that freaking down spike *rolls eyes* LOL! is Sisyphus allowed to talk about the gold price yet? |
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Newsletter #13 emailed
Market Internals
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She's not cooked yet!!  we're getting there!  |
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silverbox,
oh btw, i have a bad habit of always doing this when ppl troll me like you have.
would you care to bet 10 BTC that Apple never reaches $700 within the next month?
Didn't I just say I wouldn't touch aapl with a 10 foot pole? lol I'll bet you 10 BTC that it doesn't go down under 500 in the next month thu. Lets see that crash of yours. I don't know where its gonna top, but its not gonna crash. give me 2 mo and i'll take your bet. done . If AAPL has went below 500 between now and June 10th, I owe you 10 BTC, otherwise you owe me 10 Edit: adjusted for splits of course for memorialization purposes  |
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nice to hear someone from the audience mention to max that bitcoin is not only a sort of "online western union", but also a money. Weird to see him answer something like "well, that's another aspect of it, the value moves up and down", the f..ck!?! And next he mentions Stacy is up 60% on bitcoin, lol. Store of value, Max? yes, i would have thought Max understood Bitcoin a little better than he does. it's not backed by Cryptology, its backed by the network and all that entails. |
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Update emailed:
Gas prices
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SLW down 5.71% and back under $30.
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is dis gud?  |
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Update alert emailed:
Momos
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Technology taken out back and getting shot today. Google, Amazon, BIDU pummeling.
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, $494 is a distant memory never to be revisited! thats what Charlie Sheen says about hookers; "i don't pay them for sex, i pay them to go away"! |
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Still, its all anecdotal. It least you're just telling me what you prefer, instead of the OP who seems to base his opinion on usability around his dislike for a companies marketing practice. Yet it is I who should be pitied...
hey wait a minute. how'd i get dragged into this? i love Apple products. i'm typing this on my macbook. my whole rant about Apple has to do with its stock price and nothing else. and yes, i do think its topped. $500, here we come! oh an back on topic I agree i think its topped. I was a bit early with my call -not on here, IRL - I sold about 75% of my stock at $494, but I bought at ~$120 so I am not too disappointed. (OK my animal brain is pissed but I'm refusing to acknowledge it as selling was the sensible thing to do!!!!) $494, here we come! |
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Still, its all anecdotal. It least you're just telling me what you prefer, instead of the OP who seems to base his opinion on usability around his dislike for a companies marketing practice. Yet it is I who should be pitied...
hey wait a minute. how'd i get dragged into this? i love Apple products. i'm typing this on my macbook. my whole rant about Apple has to do with its stock price and nothing else. and yes, i do think its topped. $500, here we come! |
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i smell 10 BTC |
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Manipulators are so brazen they do whatever the hell they want whenever they want to show who is boss.
When Eric and I mused about gold having made a bottom at $1630 they sure showed us the next day at $1620.
sorry Jim; we're about to break $1600. |
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Update emailed:
Cycle Analysis of Bitcoin
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slush, can i save an ongoing daily and weekly Historical chart with labels using your feed with Sierra? or does it only work with Intraday Charts?
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