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My guess is the same Chinese obsessed with Bitcoin are obsessed with Gold.
Many people "world rather have" one oz coin than a Bitcoin.
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If it crashes to 0 I'm gonna shoot myself in the face and make it live on youtube.
I'll watch that. |
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If they now go after BTCChina...
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Isn't a bitcoin exchange a financial institution or could be described that way?
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The price of Bitcoins is crashing SELL SELL SELL!
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Ron Paul should buy Bitcoins. The result can only be funny. I would enjoy a shouting match between him and greenspan more but I will settle for that.  |
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Alright, zooming out Bitcoin has entered the stage of shorter periods of tops/and bottoms. The short time period between the april spike and the current ATH leads to this conclusion. This means two things: Even more frequent and higher spikes which differ by lower and lower magnitudes. Hardline Bitcoiners believe the price of Bitcoins will stabilize on some high plateau after that.
I rather think that we will see somewhat of an anti-bubble after that, that means increasingly longer periods with lower bottoms for over a year.
data set seems lacking The duration of the bottom is part of the data and already indicates we are nearing this stage, once the next top is in I may be able to make an estimation of when it should happen. |
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Alright, zooming out Bitcoin has entered the stage of shorter periods of tops/and bottoms. The short time period between the april spike and the current ATH leads to this conclusion. This means two things: Even more frequent and higher spikes which differ by lower and lower magnitudes. This "mother of bitcoin bubbles" won't happen for about a year but I don't think it can be avoided. Hardline Bitcoiners believe the price of Bitcoins will stabilize on some high plateau after that.
I rather think that we will see somewhat of an anti-bubble after that, that means increasingly longer periods with lower bottoms for over a year.
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The twitter reactions almost make me smell the blood on the street after the selloff though. I don't think it will be for another two weeks but still.
Because some 120 yr old said something about technology?  IDK, are you a 120yo using twitter? |
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All of the options are for turbobears  . I'm a cruising bear wanna hear my side of the story? |
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The twitter reactions almost make me smell the blood on the street after the selloff though. I don't think it will be for another two weeks but still.
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Let's show the guy a bubble!
don't fucking try to create a bubble you idiots. |
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In other words cargo cult. |
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take your medication atlas
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Why would you think I don't take my profit out of bubbles? I think you know me well enough and seen enough of my serious posts to know that I do.  |
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I think game is changing. Coins moved from child's hands into investor's hands and they will hold few years.
This is true, many now recognize the potential of Bitcoin and it is much more likely Bitcoin succeeds as worldwide payment network replacing expensive western union business Bitcoin is bigger then western union right now already. or it's not and this is a bubble. Bitcoin is invention of the century. It is much bigger than WU. or it's not and this is a bubble. (I like how this works every time, I think I might try making that my standard response to these kind of posts ) |
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I think game is changing. Coins moved from child's hands into investor's hands and they will hold few years.
This is true, many now recognize the potential of Bitcoin and it is much more likely Bitcoin succeeds as worldwide payment network replacing expensive western union business Bitcoin is bigger then western union right now already. or it's not and this is a bubble. |
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Satoshi did value generating his Bitcoins, he spend significant expenses beyond a simple desktop PC on it. Analysis on the timestamps of the blocks extranonce numeration and the timestamps at difficulty 1 strongly indicate that.
Oh and of course people can get used to almost anything, but only to literally everything if you force them to or if they want to.
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