Btctalk name: jc89 Rank: Full Member Current post count: 548 Btc address: 3MioNsGWzGd4SK87XycqegXAC24Pi8qf6c ETH address(not from an exchange): 0xF8e50523F58f5F93aC35C4C5c2Dee5417BE4eDFb Wear appropriate signature: YES
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Bitcointalk username: jc89 Rank: Full Member Current post count: 546 BTC Address: 3MioNsGWzGd4SK87XycqegXAC24Pi8qf6c
Will update signature and avatar once accepted. Thanks for considering.
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it will only go up. She bought at $4200 How soon can we REALISTICALLY see $4200 again and upwards? Dear, you just made me sad. I hate seeing posts like "I did this because you told me to." Really now, all you're grandma's savings into btc just because of what everyone said. I won't wonder if one day you'll be scammed by believing someone who offers double your btc overnight. Maybe you stayed and read through Speculations board and held people to their words of btc to reach $5K, $10K and even $15K within the year. Didn't it occur to you to research everything and not relying on people's opinions and speculations. But anyway, to make you feel better we're getting back on track so just wait and see. Maybe we'll be at 4500 again before the month ends but it's just me being hopeful.
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Bitcoin's buy and sell value dropped dramatically over the weekend. Has China had something to do with it?
China definitely have some part in it. But no need to worry about the events during the past week. We will be back on track in no time and this week might just be the start of the rise. And the drop is actually normal and in fact healthy for btc. If you do some research, you'll see that these things are just normal and have happened in the past years.
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with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me
That's quite a strategy, isn't it? I hated his harsh words pertaining to btc being a fraud and all but I don't hate him. His words (in time with the China news) may have impacted the trend in a way. But then again, if you'll notice how happy the traders are with the recent dive you'll understand. If you're a trader then this past few days are "the moment" to buy in more. And admit it or not some of us here are happy traders too who benefitted and took advantage of the moment to buy more coins to trade for the coming weeks.
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As I scan and read forums I got curious here.
Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.
Sure, everything do have advantages and disadvantages and that includes transacting with Btc. For the advantages, if you're a merchant who accepts btc as payment, of course is that there is a possibility that your income will increase depending on the value of btc. Here's a situation. If you accepted cash from a customer, say for example you sold a laptop for $1,000 with a capital of $900 then you got $100 profit from it. On the other hand, you sold the same item but accepted btc instead of cash. Let's say $1,000 is 0.3BTC at the time of purchase then you got 0.03 profit. If the value of btc increases then your profit will also increase and might be doubled in time unlike in cash it will just be fixed profit of $100. And as for the disadvantage, well you get the picture just turn the situation the other way around. If btc deflates then your 0.03 profit will dwindle.
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it is time we proclaim to the whole world that Bitcoin can be better without the influence of China. We don't need China to make Bitcoin survive. By next year, all of these things can be history and maybe we should learned the hard lessons that China is just a big headache.
It is time for Bitcoin and the whole of cryptocurrency to move on without China. We can still survive without it and in fact there are many BIG companies right now who do not also have any presence in China. We should not be afraid that Bitcoin can die without China...in fact the opposite can be true.
Agreed. And I've moved on already so should everyone else here. Btc have strived even without the investments of China and that's what will happen again. But honestly, I think there are still Chinese investors and miners who didn't stopped using btc because they've seen and known how profitable it is.
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Bitcointalk username: jc89 Rank: Full Member Current post count: 539 Bitcoin address: 3MioNsGWzGd4SK87XycqegXAC24Pi8qf6c
Will wear sig once accepted. Thanks for considering.
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Hi I would like to join your campaign Profile Link : https://bitcointalk.org/index.php?action=profilePost Count : 538 Bitcoin Address : 3MioNsGWzGd4SK87XycqegXAC24Pi8qf6c Rate your posting quality on a scale of 1-10 : 8 Will change my signature once accepted. Thanks for considering!
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I guess I am too late to the train but I made a small purchase of a fraction of bitcoin lol. I am not rich by any means. Hope this is a good decision lol Wish me luck. Where do you think BTC will be in next 2-4 years?
It's never too late when it comes to btc. In fact you even have the right timing buying it at a lower price. And if you will be holding it for 2-4 years that's why you're asking where will btc be that time, then you'll be fine and expect to have a good profit from your investments. In 2-4 years btc will still be the king of cryptos and might have 5-digit value by that time so better hold your coins 'til then.
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As you all know, its the sea of red now. Are any of you still ballsy enough to enter at this challenging time? for me im just waiting for USD 3600 to sell off my house and car and kids to enter.
Omg! That's hilarious haha i like the pun. Selling off your house and car together with your kids, how about selling off your wife/husband as well? Kidding aside, this is definitely the best time to stock up and buy some btc if you have the fund. We know the drill, right? I don't know about those who are panic selling but we know better. This scenarios are normal and we've been here before. Having experienced those unbelievably highest value of btc like a whirlwind, drop like this is pretty much expected.
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Why am I not even surprised with those remarks? Can we blame the guy? He's in banking business so what do we expect from him other than spread such a ridiculous statement. He have all the right to be afraid of btc to preserve the banking business to continue his lavish life. It actually doesn't matter whatever he says as long as we know how precious btc is.
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It's is a simple as that. Are people really dumping their coins because some dumb boomer whose doesn't know shit about any of this, claims it is a fraud? Haven't you learned anything yet? http://fortune.com/2017/09/12/jamie-dimon-bitcoin-cryptocurrency-fraud-buy/Or is it because some commie chink country decides to ban whatever the fuck? http://www.businessinsider.com/china-ban-bitcoin-exchanges-2017-9Really? this is it? I am truly disgusted by how many pussies are involved in bitcoin. If you can't hold through bankster FUD, you don't deserve to hold any BTC, so actually yes, sell your god damn BTC to someone else that will not panic sell next time a bankster decides to FUD on fakestream media. You cucks will complain about how volatile BTC is, but you are causing the volatility yourselves by reacting to news like a bitch. Touché! That's what me and my brother are laughing about. Seeing people selling off their coins saying "Oh my gosh, I can't afford to lose another dollar I need to cash it all out!" Instead of waiting for btc to rise again, which will definitely happen. So they better off lose 30% of their investment than to wait and see how high it can bounce back. Silly people. They really don't deserve even a single satoshi in their wallets.
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Hey guys, new member here I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget. I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent. Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows. Any words of encouragement? I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good? Oh, that's unfortunate. If only you've bought earlier like mid-August you could have gained 2x of your investment. Or maybe even waited until this week of September, you could have bought for a lower price. But seeing that you're new in bitcoin, if I'm not mistaken, I couldn't blame you for waiting a month before investing. It's a must for investors to test the water first before diving in. In fact, when I was a newbie in cryptocurrency I've waited for 3 months before I actually tried it. But don't you worry there's still hope for your investment. No matter how low btc gets don't you ever sell it. The bubble will eventually come again you just have to wait for a little while. If you are gonna ask people here how long they've hodl (hold) their btc you will be surprised that they did for 4 months and even for a year. And they reaped what they sowed. Just hang on there and you'll be fine there's nothing to worry that much because this dip is normal and healthy for btc.
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Will that be an end of bitcoin? If all mining operations becomes illegal all over the world. Why authorities are against bitcoin mining?
Lets discuss
I don't think authorities are against bitcoin mining and the illegality of it will be baseless. They are just the ones who process the transactions. And if mining will be illegalized, btc transactions can still be created. Actually, it's not the legality we should be worrying about since it will unlikely happen drastically. The question should be what will happen when mining became unprofitable anymore and miners lose their interest in it.
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What If Bitcoin is banned in your country will you still use it?
If you use it how will you? How will you exchange it and how will you completely use it as you do before.
For me, just like what others here said I will still use btc as long as I know that my purpose in using it is for me and my family's sake and not for illegal activities. There are other ways I think I can exchange it and one of the best ways I am thinking of right now is to send it to my relative in the US and let them do the exchanging. Then have her wired the cash to me in my bank account and of course I'll just give her some token of appreciation for her time and effort. Though there are some ways I might come up with later on, I think that's the best odea I've got so far. Let's just all hope btc will not be banned in our country for us not to go through any nuisance and enjoy our BTCs.
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The stock market is 70% overvalued ... crash now inevitableAuthor Charles Dickens' classic, A Tale of Two Cities, begins this way: "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness ... ."
According to one stock market analytical firm, GMO, today's market behavior resembles Dickens' book, which was published in 1859 and was set during the time of the French Revolution some seven decades earlier.
As the firm noted, in recent days much of the investing and financial world was focused on a meeting in Jackson Hole, Wyoming, attended by Federal Reserve chairperson Janet Yellen. But GMO analysts were watching other things and events happening in the market.
In August, the firm noted in its monthly report – reproduced in part by Zero Hedge – that Shiller P/E, a respected metric for measuring U.S. equities valuation, surpassed 27. Given that normally its range is somewhere slightly above 16, it appears that valuations are looking a bit larger than they should be.
What's more, GMO noted, the last time the Shiller P/E was above 27 was in October 2007, "and we all know how that movie ended," the GMO report said.
'A tale of mediocrity, at best'
And though no one at the analytical firm is saying that the nation and the world are set to experience another Great Recession and near-meltdown of the global economic order – and nothing is written in stone saying that stocks are not allowed to become more expensive – "we continue to maintain our bias against U.S. stocks," the firm said in its report.
At the same time, the firm said, it was tracking a widening disconnect between fundamentals of the U.S. economy, corporate America and their stocks. "It really is a tale of two cities," the analytics firms said, "one of mediocre fundamentals versus a meteoric rise in markets."
In assembling some relevant metrics pertaining to the overall health of the economy and some top-line/bottom-line figures from the S&P 500 index, the firm looked at gross domestic product growth, productivity and household income, in addition to some others like revenue and earnings for U.S. stocks, just to round out the assessment.
"It is a tale of mediocrity, at best," the firm wrote in its report.
After that, analysts contrasted those metrics with actual market returns of the S&P 500 Index spanning the past five years. "Truly meteoric," the firm wrote, adding this caveat: "As an aside, we at GMO have always been leery of drawing too many investment conclusions from staring at economic data–we are more valuation-oriented, after all–but even we are struck by the divergence." Read more at http://www.naturalnews.com/055447_stock_market_crash_bubble_economy_Wall_Street.html. The reason why bitcoin is very good for investment is because the bitcoin is the most profitable coin in the cryprocurrency world. I can considered my self as a investor because I placed all of my money to the bitcoin because I know that bitcoin is really good for investment. There's no doubt that btc is the king of all crypto and it is a good investment. But investing ALL of your money just don't make sense to me. It's good to seize the opportunity to invest right now especially that the value is declining as of the moment and that's what traders are waiting for. But to invest everything you have may not be a good move here. I'm not against your decision to invest but just wants you to consider things before investing agressively.
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bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
Actually, it is not the price stability that determines whether btc can replace fiat currencies. It is really the government and the banks that won't allow it to be a replacement to fiat simply because they cannot let crypto (which they can' control) to rule the financial world. And personally, I agree that btc can't really replace fiat because not everyone have access to btc and we're just 1% of the population who are aware that btc even exists. So I don't see how it can replace fiat in the first place.
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