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Ding ! Ding !
Two more buy orders went through while I was on the phone. I feel like I am leveling up in World of Warcraft.
I am enjoying this crash immensely. The wait at the bottom may be a bit of a pain but I am young and patient.
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I take it Peter is now referring to Bcash as the one true Bitcoin. True to form.
As a further example of being deceptive, Gmaxwell left Core to do deeper protocol work on Bitcoin. If anything Gmaxwell is putting more direct effort into Bitcoin.
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fuck off you piece of lying shit ... you've spent best part of 3 years confusing people about what is bitcoin and pumping some dumb shitcoins and now you come here with this tripe ... really, just fuck off you parasite cunt. take jbreher and ver and your other fucked up mates with you. Finally some carnage.
blah blah blah
I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways. Do what you need to do, but don't lose hope.
...what is your objection? Not to the person, that's just childish, but to what he says? I believe the objection is how he deliberately misleads newcomers for his own profit. In this particular case? I think a long history of misleading and deceptive conduct is sufficient. We all know he is paid in Bcash. I don’t think we need to discuss the technical aspects of big blocks at this juncture - we are both well versed in the issues. Watching the charts is far more interesting. Particularly if the end result is Bcash becomes a penny coin. |
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fuck off you piece of lying shit ... you've spent best part of 3 years confusing people about what is bitcoin and pumping some dumb shitcoins and now you come here with this tripe ... really, just fuck off you parasite cunt. take jbreher and ver and your other fucked up mates with you. Finally some carnage.
blah blah blah
I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways. Do what you need to do, but don't lose hope.
...what is your objection? Not to the person, that's just childish, but to what he says? I believe the objection is how he deliberately misleads newcomers for his own profit. |
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The plunge is getting too steep. We need another short squeeze.
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Someone tell Flipper he’s going the wrong way !11!! Wait til ETH breaches $300. Then we will see real panic in alt land. |
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Fuck it.
I have set buy orders from $6400 to zero.
First one just got triggered. Let’s all go down together !
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The sentiment on the forum perplexes me. When its at a high everyone is super bullish and when its down 70% (where there is always a huge bounce) the forum is super bearish. I thought all the super smart bitcoin people here would be better than that.
We aren’t down 70% yet. We are only down 65%. You can read the volumes as well as anyone here. What story are the volumes telling you at $6900 right now? |
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The price will probably stick at $6666 for a while.
Seems like floating around 6800, trying to go higher, but stable Curious what tomorrow will bring, hope there is some good news from that American governement meetup. The text of the testimony has been released. It is largely ok. Basically scams need to be stamped on but the securities regulator does not want to stop innovation. |
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This crash is your opportunity to create intergenerational wealth.
If you do not exhaust your fiat, you will soon have more BTC than you could have dreamed of. Don’t get bull trapped. If you are currently trapped, this candle is an opportunity to exit before the next leg down.
now THIS is the sort of capitulation talk I'm looking for I would agree with you JoJo but this isn’t just about crypto anymore. Dow Jones is going to fuck us up tomorrow and we are going to get correlated into a global market correction. Crypto is hot money and like it or not we are starting to look like a canary for global equities. |
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This crash is your opportunity to create intergenerational wealth.
If you do not exhaust your fiat, you will soon have more BTC than you could have dreamed of. Don’t get bull trapped. If you are currently trapped, this candle is an opportunity to exit before the next leg down.
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It’s a short squeeze. Nothing more.
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I am going to say it again.
Both $100k and $100 Bitcoin are possible. You need to have a plan for both. If you don’t have a plan, start making one now. If you can afford to hodl both, great. If you can’t, then work out now how you are going to handle it.
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Well if capitulation is what you want  |
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I think it is a nice touch that the CEO of Bitfinex and Chairman of the CFTC are both called Giancarlo.
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Let’s see what we have in history - picking only long grinding crashes that have lasted more than 7 weeks. We are currently on week 8.
June 2011: 94%
April 2013: 79%
December 2013: 87%
I think these are our only comparable data points but happy to be corrected. This is not a flash crash.
On this basis we should assume a final price between 79% and 94% down. Let us be conservative and say 75% to 95% price decline.
On this rationale we should buy aggressively between $4,900 down to $980. Perhaps we should start earlier than $4900 so as not to be greedy but not too much if we believe the model.
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I think anyone holding Bcash probably feels a little tense. And given that it is just another shitfork, there is little to stop it from going to zero. Just like Bitcoin Diamond and United Bitcoin and Bitcoin Pizza.
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