what's up with stellar? i mean really... i like what i'm seeing, but does someone know why there's strong buy support?
is the new consensus algorithm coming out soon? stripe using stellar network for the facebook 'buy' button..? something...?
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dogecoin, STR. both seems to be good picks right now.
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While everyone is busy protesting how 2015 is the year of altcoins. I don't think anyone realize how bad it can get if Bitcoin hits single digit. We're talking business shutting down, all exchanges rely on fees for their income (which they receive in BTC) if BTC hits single digit those fees become pennies. No one is going to run a business to earn pennies.
There is going to be chaos, stock market crashing, people on street begging for food. I'm talking about nightmare that you haven't seen since civil war. I think it's good for everyone that BTC stays above $400 anything below is too dangerous.
cex.io turned off their cloud mining and many businesses will follow them if BTC price keeps crashing.
No altcoins without Bitcoin. At least it'll be 100x harder to buy altcoins if exchanges are gone.
Food for thoughts.
another scenario would be where will the people who exited BTC take all that fiat while BTC is going on a down trend? it could be to altcoins. not 100% sure, but it is possible. so be on the look out for rising altcoin/USD-CNY pairs.
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... There is going to be chaos, stock market crashing, people on street begging for food. I'm talking about nightmare that you haven't seen since civil war. I think it's good for everyone that BTC stays above $400 anything below is too dangerous.
cex.io turned off their cloud mining and many businesses will follow them if BTC price keeps crashing. ...
was cloudmining ponzi scam? one could surely make that argument.
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Enough of this honeydicking.
i searched honey dick at google images and got this..
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I heard they are replacing elliptic curve cryptography with high-fructose corn syrup.
hence what caused this rumor.
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Make sure you check out VIOR https://bitcointalk.org/index.php?topic=834910.0 it's ground breaking, it will be the best coin of 2015 for sure! Amazing technology to let you video chat with stealth transactions on your phone with a hidden number! checked it out. no volume.
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people from nxt should just avoid btt altcoins section and keep working on the project. they should be focused on doing well at payments expo 2015... where it matters.
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
The rational is the high inflation - the crash is fully expected and 100% rational. The people calling this back in November/December have been called names and labeled 'trolls'. You've been on the forum for a month. It's about perspective. We are still in the early stages on Bitcoin and inflation is necessary in the beginning. A decade from now (after a couple of halvings), people are going to wish they were around in 2015 (and earlier). dont worry, he's just trolling.
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Big hodlers getting out of the market and maybe a reverse willy bot acting somewhere.
Or maybe Bitstamp is doing it to avenge the hack, so the hacker will get less money in the end.
or maybe bitstamp doing it to make it easier to pay back the stolen BTC. . j/k
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My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
crashes happen in markets from time to time. it happens at the nyse, ftse, tokyo, hongkong.. etc.. what makes crypto markets different?
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Actually, I, too, just heard a very, very bad rumor. Not sure if it's the same one, but I and a couple other Bitcoiners are duly looking into it. During the conference call, us three concurred in hoping it's not true. This is fucked up on so many levels. And, to think just prior to being informed, I've set up a Twitter account to try to garner a million folks into seeing Bitcoin for the first time. I'm so pissed right about now. Here's to hoping it ain't true, albeit the proof to date is dictating elsewise. i'm pretty sure your rumor is different from the OP. when the news comes out, BTC could rebound to 250 easy.
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Bitcoin isn't meant to replace fiat. I think you're missing that point.
Comparing bitcoin to fiat is like comparing gold to fiat.
I was more comparing it to credit cards, debit cards, and other alt payment methods like paypal. But I just cited fiat in a lot of examples because bitcoiners tend to regard fiat as the ultimate evil. When in fact it's the very thing that dictates bitcoin's buying power. Bitcoin isn't meant to replace any of those either. There are several advantages and disadvantages of any system. You can't send 10 million dollars to me for a 10 cent fee via PayPal, and I can't protect myself from not receiving goods from a scammer... why should i send you 10 MIL via an unsecured system like Bitcoin? How can I keep 10 MIL in something that can vanish overnight? I would happily pay a bank wire tax for 10 MIL than using Bitcoin. Bitcoin is good if you want to "play" some money. That's all. It's a high risk "investment" program or launder the 10 mil.
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Bitcoin isn't meant to replace fiat. I think you're missing that point.
Comparing bitcoin to fiat is like comparing gold to fiat.
gold? bitcoin is a decentralized trust network. there's still a lot of potential use cases for the tech. seeing it like it was 'gold' doesn't even scratch the surface.
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I don't think these people will tweet these things for nothing.
correct. they bought a shit ton at these levels and are gonna pump it then dump. you know.. the usual. Then I better get ready for the ride then! i know i am. this could probably bounce back to 250 tbh.
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I don't think these people will tweet these things for nothing.
correct. they bought a shit ton at these levels and are gonna pump it then dump. you know.. the usual.
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Bitcoin is super secure: Yet the blockchain is vulnerable to 51% attack if miners begin a mass exodus out Bitcoin is ultra fast: 15 minutes average for a confirmed transaction time. I can pay with something via paypal or credit card in a few seconds, instantly. Bitcoin is safe: I send 30 bitcoins to a scammer in Europe who promises to deliver goods. I don't receive said goods. I am now out 30 bitcoins. I send $3,000 via a Visa card to a scammer in Europe who promises to deliver goods. I receive nothing. I then provide all documentation to the fraud department at Visa and am reimbursed fully within a week. Seems to me this little increased 'transaction fee' is worth the peace of mind in a scammy society, no? Bitcoin is convenient: You have to download a client, then over 8gb's of data just to cold store your coins for the first time. I can toss a dollar bill in my leather wallet in under a second Bitcoin is free from government constraints: It's banned in several countries, including heavy restrictions in the second largest global economy (China). It's also subject to federal taxation just as fiat is in the United States. Bitcoin isn't an inflationary nightmare like fiat: (taken directly from bitcoin wiki): " Inflation is simply a rise of prices over time, which is generally the result of the devaluing of a currency. This is a function of supply and demand. Given the fact that the supply of bitcoins is fixed at a certain amount, unlike fiat money, the only way for inflation to get out of control is for demand to disappear. Temporary inflation is possible with a rapid adoption of Fractional Reserve Banking but will stabilize once a substantial number of the 21 million "hard" bitcoins are stored as reserves by banks.
Given the fact that Bitcoin is a distributed system of currency, if demand were to decrease to almost nothing, the currency would be doomed anyway.
The key point here is that Bitcoin as a currency can't be inflated by any single person or entity, like a government, as there's no way to increase supply past a certain amount.
Indeed, the most likely scenario, as Bitcoin becomes more popular and demand increases, is for the currency to increase in value, or deflate, until demand stabilizes. " How exactly is the demand the past half year? Purchasing power: I can store my credit card or cash in my wallet for days or months, and it will always have the same face value or balance it had when I first stored it. With bitcoin, I can put away 40 btc in cold storage and pull it out a day later and it can have %10 less purchasing power it had not even 24 hours before. If I send a moneygram to a relative overseas, I don't have to worry about them having 20% less purchasing power when they pick it up the next afternoon. Now. Sell me this bitcoin.buy BTC before moon.
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Bulls make money, bears make money, pigs get slaughtered.
What about a manbearpig ? The part man can be either one of all the three you named, the part bear makes money and the part pig get slaughtered. How is that possible ? the bearjew is the ultimate.
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Only super-intelligent bears may post. Genius coyotes are ok too.
lol'd
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Yeah you're probably right.
He probably bought a shit ton and now wants to see some gains on it by pumping talk.
Thereby creating the "bottom" that is suitable for him, since he's done buying.
-B-
then dumping them for a little profit.
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