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Alright, I’ve added it and reset the poll to make it fair.
Vote!
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Sure, I just wanted a dichotomy. If you don’t think it has ever been a bubble, this poll is not for you.  |
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It’s not so easy when your original business was Magic the Gathering cards.
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More like SA trolls.
It’s mostly people who want to buy in big time at lower values because they missed it or didn’t act on it the last time. Also people who have capitulated and sold all their Bitcoins at a loss. I think there is a good chance that 4.18 has been at least a short term bottom. When that was apparent, I bought back in. I’ve seen lots of calls for 1-3, but I believe it’s the same delusion people bought at 30$ with, just bearish this time. Personally, I see no reason to sell the Bitcoins I have acquired in February with 1$ when Bitcoin was something largely unknown to the media and public, there was no infrastructure besides maybe MtGox and slush’s pool etc. and a very small userbase. Fundamentally, Bitcoin is a pretty good bet at 4-6$. Good risk/reward again. So, I’ll be back in hoarding mode, until either there’s a better Bitcoin competitor or the next bull market starts, as I consider it too risky to sell at levels where a single mid size player can make a difference of a few $ to the upside. Looking at the spike from 4.6 to 7.4, this seems to have been a correct assessment so far. |
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When you say "The majority lost big time", I assume you ment yourself. So, who told you bitcoin was an investment vehicle? Because it's not. It's a currency. If you use it as such, there is no loosing.
A currency that you can’t reasonably hold for longer than two minutes without having to fear a drastic loss in purchasing power? |
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*whew* good thing bitcoins are designed as a means of exchange and not an investment
Ah, so that’s why there’s a 21 mil cap. |
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The market is sure looking like it wants to make a new recent low below the $6.00 mark and possibly lower.
Lower than below 6? Holy shit, that’s low. SELL |
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It appears you don’t understand that free markets work on competition and not on trust. They don’t work for ulterior motives where everyone would be better off if just everyone cooperated. Some exchange will not comply, customers will be unhappy etc. etc.
Also, it would be a zero-sum game if everyone deleted a portion of his Bitcoins.
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Could this concept ever find itself in reality?
No. |
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Buttcoin  |
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Why would deflation be positive for Bitcoin’s value though?
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$1B Credit Union signs with Dwolla to offer FiSync services to members
We are extremely happy to announce Veridian Credit Union has released that they will be integrating with Dwolla's FiSync services.
The 162,000 member, $1B+ financial institution represents our largest integration to date!
Source please, can’t find it on their blog/Google. |
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I must admit that this is an interesting argument, and the first one I've seen that actually attempts to use real economic principles to support a high bitcoin price. I still disagree though, the bitcoin economy is still tiny compared to the USD or the Euro, and should have a lower price as a result.
So if there are 21 Bitcoins (highly divisible of course) in total for us, the nominal exchange rate still should not exceed those of major currencies?  |
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What, he basically called bitcoin a failed experiment that has been a good investment so far, and you think that would attract investors?
Yes. |
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Agree. Reminds me of Schumer.
He basically said Bitcoin is digital gold and a good investment.
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I am bullish since 6.6$.
Am I crazy?
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then if you're so "real" why don't you put your money where your mouth is. i'll bet you 100 BTC to be held in escrow that the USD price per BTC will be higher one year from now than it is today. you're a douche so i don't expect you to take the bet.
You should do it in USD, else it’s an asymmetric bet where he wouldn’t really gain anything if he was right (as he is extremely bearish). fine, i'll bet 100 BTC or $681 USD. of course he'll NEVER take it cuz he's a paid shill. Yeah, I wonder why noone of them has actually taken up such a bet yet, I’ve really seen many offers. |
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Fuck you, this has made me bullish again, among other things.  |
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