OVER 9000!
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Bad news for Russians, not Bitcoin
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i think october will be an up month for bitcoin just throwing that out there
Would not exactly be difficult, given how low it is
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I went all in at $168 so im chillin I spent mine at 50$ like a derp. You'll get a chance to buy back lower... no worries! GLTAFalllling, where should I set my buy orders: $100 or $85?
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I think this is a great analogy and makes me re-think the potential shape of the adoption curve for Bitcoin.
Electric cars are unlikely to go through any tipping point (is this a valid assumption?), but instead slowly gain acceptance. When it comes to everyday activities (transportation and transactions), where a solution exists the inertia to change will be huge. I think I read somewhere that the new solution must be 10 times more effective to gain adoption
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Haters gonna hate: 14 days, 17 hours and 19 minutes.
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So this is what a bottom tastes like! Thank you OP for your wisdom of being very familiar with the taste of a bottom.
Stop changing stories so they sound good for you guys... lmfao! WE ARE IN FREE FALL STAGE RIGHT NOW. NO BOTTOM IN SIGHT!Zoom out and look at the previous bubbles. They all look like that graph. Exactly... so what happens when the bubbles completely deflate??? FREE FALLING!!!!!!!!! OMGURD ITS CRASHING LMFAO I love how you reference the pump and dump that happened early on so you can deny this thing has been falling all year! LOLLLL Start the chart at your beloved price of $1,100 & understand how this market is being manipulated to dump all these excess coins to people like you who still have faith to buy them for almost $400!!! What are you guys smoking that this seems to be worth $400 now??? Why is it so different from the bitcoin currency that was worth double digits not even a few years ago? What is the point of that? Generally speaking the more information you have, the better investment decisions you make.
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Please stop with the good news. The price is going to fall to $300 now
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So this is what a bottom tastes like! Thank you OP for your wisdom of being very familiar with the taste of a bottom.
Stop changing stories so they sound good for you guys... lmfao! WE ARE IN FREE FALL STAGE RIGHT NOW. NO BOTTOM IN SIGHT!Zoom out and look at the previous bubbles. They all look like that graph. Exactly... so what happens when the bubbles completely deflate??? FREE FALLING!!!!!!!!! OMGURD ITS CRASHING
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We made it. We reached the bottom and survived
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1. i do beleive that BUSINESSES need to publicise bitcoins the same way VISA publicises FIAT. as bitcoin/FIAT are just a currency(bitcoin especially) 2. i do not believe that BUSINESSES should be in a big rush to publicise user adoption yet, as we are still in the innovation stage where more work needs to be done to make bitcoin practical for average joe to buy rent/groceries(real lifestyle stuff)
i think bitpay and circle will probably do prime time TV adverts, but only when they have profits to cover the advertising costs, without harming their business models and also when they know for sure that people can truly live a healthy life on bitcoins. otherwise some average joes will still view bitcoins as a gimmick, thus wasting those businesses alot of money.
take redbulls 'stratos' event (sky diving from space), which was world wide coverage and a multiple hour event. not simply a 45 second TV advert repeated 10 times during superbowl.
redbull also had over sporting events on that same year so the increased sales due to awareness of redbull because of just the sky dive may be less then financial results. year-on-year.
well here are the financial results of redbull PRODUCT SALES they only had a 3.1% rise in product sales after the skydive (difference of 2012(pre skydive) and 2013(post skydive)).
bitcoins market cap and/or singular price varies by more than 3% each day/week without businesses needing to spend large amounts on advertising.
so in short businesses WILL advertise their bitcoin services.. but only when the time is right and only when they see that their is good reason for people to jump on board.
PLEASE will people stop thinking that advertising is needed for user adoption purely for a price rise, and think more about bitcoin adoption due to usability and desire to actually want bitcoin. AGAIN when shouting about advertising needs, do not selfishly think about a price rise simply so you can profit. bitcoin is a currency that we should be growing. it should not be about a quick profit to then return to FIAT and store worthless bank notes in a bank account.
I actually met an international brand manager of Red Bull this week. The main results were increases in their social media channels (like over 1 million new Facebook fans, which become potential customers overtime). But I agree with you it is hugely expensive and you pretty much need cash you are happy to burn - he said that stratos event took a few years to organize. I agree with you completely about advertising (and also 'awareness') I really believe that Bitcoin does not have an awareness problem, but more of a conversion rate problem. So many people have heard about it, but do not know where to go to learn more or buy
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Screen shot for the lazy (Sponsored by Bitnewt, the leading Bitcoin marketing agency )
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Somehow I do not think this will be Bitcoin's killer app
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Welcome to the infancy of a new technology. These are early days.
Yup you can apply the same observations to the internet. "What I cannot even use my phone at the same time?" "I have to get a phone line installed?" "I have to pay per page I visit???" "My friend used her credit card at an untrusted website and got scammed"
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The people yet to adopt Bitcoin do not care if Bitcoin is PoW or PoS.
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Happy Autumn/ Fall everyone
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Lose vs Loose A lot of people are mixing up lose and loose. In particular, a lot of people are writing loose when they really mean lose. Here are the definitions of the two words from my Penguin dictionary: loose [lOOs] adj not fastened or pre-packed; not tied up or confined; able to move freely; not tight, not firmly fixed; not close-fitting; careless, inaccurate, vague; dissolute, immoral; not closely woven; flabby; (of bowels) inclined to diarrhoea; l. box stable or van in which an animal can move about; at a l. end uncertain what to do next; unoccupied ~ loose adv in a loose way; play fast and l. behave rashly or unscupulously ~ loose n release; on the l. free from restraint; on a spree; ~ loose v/t untie, undo; release from confinement or constraint, set free; detatch; fire (gun); shoot (arrow); (eccles) absolve. lose (p/t and p/part lost) [lOOz] v/t and i no longer have; be deprived of by accident or misfortune; mislay, fail to find; fail to get or win; be too late for; be bereaved of; waste; be defeated or beaten; suffer loss, become worse off; fail to hear, see or understand; cause or allow to perish; (of clock or watch) go too slowly; (refl) miss the right path; become absorbed in; l. one's head become flustered, panic; l. one's temper grow angry; l. one's way fail to find the right path; l. out (US) be defeated after a struggle. Examples: This knot is too loose. Please do not lose my book. I had better not lose that file. many BTC owners are facing the prospect of selling their BTC for a loss CUT YOUR LOOSE! FINAL CAPITULATION INCOMING!
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Do the opposite of what the market is saying. Right now I see everyone saying the final capitulation is coming and there are so many shorters. I am going to add 10 or so coins to my collection
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