bitpop
Legendary
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Activity: 2912
Merit: 1060
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May 26, 2014, 01:53:54 PM |
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Bitcoin $100k
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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May 26, 2014, 01:57:22 PM |
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My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher. They'll trade paper bitcoins that they can't back with real ones, and keep the exchange rate artificially low just like they do with gold. If we get enought MT Gox situations this will probably not happen as people won't accept useless paper for BTC. We must teach people paper representing something has zero vlaue. |
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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May 26, 2014, 02:44:54 PM |
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We must teach people paper representing something has zero vlaue. It's a discounted version of the real thing, but value is not zero. |
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igorr
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May 26, 2014, 03:12:52 PM
Last edit: May 26, 2014, 03:33:21 PM by igorr |
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If willy bot says, price go to $1000, it will happen.
Bot willy controls all
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Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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stevegee58
Legendary
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Activity: 916
Merit: 1003
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May 26, 2014, 04:09:18 PM |
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If willy bot says, price go to $1000, it will happen.
Bot willy controls all
Not if it's Free Willy.  |
You are in a maze of twisty little passages, all alike.
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cryptopaths
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May 26, 2014, 04:39:39 PM |
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People are often calling Bitcoin the digital gold, if it reaches the market cap of gold that would be $600,000 a coin. You have to look at Bitcoin for what it is though a commodity that's part of an ecosystem like none other the ecosystem of crypto.
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igorr
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May 26, 2014, 04:41:12 PM |
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If willy bot says, price go to $1000, it will happen.
Bot willy controls all
Not if it's Free Willy. willy is free, but has successors.  |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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BlockStreet
Newbie
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Activity: 27
Merit: 0
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May 26, 2014, 08:12:09 PM |
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Q4 is the earliest possibility of a ETF right? And when do projects finish in time? That's right never, so I'm assuming 2015. I read that its roughly a year for ETF approval and they applied when ... Q4 2013 right? -B- I think so, but as mentioned earlier, when do these ever go smoothly. Q4 2014 or Q1 2015. ETF will make it easier for large institutions to invest, but there needs to be transparency and accountability in the system. Take the Willie report for example. http://willyreport.wordpress.com/ Assuming this is accurate, this would mean a massive distortion of the marketplace and violation of users trusts (and stealing their money). This undermines the very core concept of bitcoin, which is that you can trust the other party without knowing who they are. The crooks need to be driven OUT of the marketplace. Exchanges must adopt transparent systems that will ensure the consumer that they are 100% legitimate. Ideally these should not be based on "a great team of trusted people who are running the exchange", but instead programmed into the exchange, and can be tracked/viewed/audited by anyone at anytime. If these protections are not put in place, look forward to lots of regulation. (This won't prevent outside forces from manipulating the systems, but it's a start.) |
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Biodom
Legendary
Offline
Activity: 3738
Merit: 3844
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May 26, 2014, 08:20:21 PM |
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Q4 is the earliest possibility of a ETF right? And when do projects finish in time? That's right never, so I'm assuming 2015. I read that its roughly a year for ETF approval and they applied when ... Q4 2013 right? -B- I think so, but as mentioned earlier, when do these ever go smoothly. Q4 2014 or Q1 2015. ETF will make it easier for large institutions to invest, but there needs to be transparency and accountability in the system. Take the Willie report for example. http://willyreport.wordpress.com/ Assuming this is accurate, this would mean a massive distortion of the marketplace and violation of users trusts (and stealing their money). This undermines the very core concept of bitcoin, which is that you can trust the other party without knowing who they are. The crooks need to be driven OUT of the marketplace. Exchanges must adopt transparent systems that will ensure the consumer that they are 100% legitimate. Ideally these should not be based on "a great team of trusted people who are running the exchange", but instead programmed into the exchange, and can be tracked/viewed/audited by anyone at anytime. If these protections are not put in place, look forward to lots of regulation. (This won't prevent outside forces from manipulating the systems, but it's a start.) Sorry, but this is a bit naive. If there is a market, someone can write a program to trade in this market. Are you going to make sure that there is a single human decision on any trade. It is not possible to execute a million share buy/sell without using some sort of a program, unless you are a french banker.  |
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JJB
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May 26, 2014, 08:42:51 PM |
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People are often calling Bitcoin the digital gold, if it reaches the market cap of gold that would be $600,000 a coin. You have to look at Bitcoin for what it is though a commodity that's part of an ecosystem like none other the ecosystem of crypto.
I think bitcoin could become much more valuable than gold. |
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cryptopaths
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May 26, 2014, 08:48:32 PM |
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People are often calling Bitcoin the digital gold, if it reaches the market cap of gold that would be $600,000 a coin. You have to look at Bitcoin for what it is though a commodity that's part of an ecosystem like none other the ecosystem of crypto.
I think bitcoin could become much more valuable than gold. I wasn't arguing that neither was I saying that was the case, all I'm saying is that analyzing bitcoin by the same rules that you analyze gold by doesn't make much sense. |
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JJB
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May 26, 2014, 08:51:34 PM |
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People are often calling Bitcoin the digital gold, if it reaches the market cap of gold that would be $600,000 a coin. You have to look at Bitcoin for what it is though a commodity that's part of an ecosystem like none other the ecosystem of crypto.
I think bitcoin could become much more valuable than gold. I wasn't arguing that neither was I saying that was the case, all I'm saying is that analyzing bitcoin by the same rules that you analyze gold by doesn't make much sense. People just like to make comparisons between things. Makes them easy to understand or quantify. |
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BlockStreet
Newbie
Offline
Activity: 27
Merit: 0
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May 26, 2014, 08:57:37 PM |
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Q4 is the earliest possibility of a ETF right? And when do projects finish in time? That's right never, so I'm assuming 2015. I read that its roughly a year for ETF approval and they applied when ... Q4 2013 right? -B- I think so, but as mentioned earlier, when do these ever go smoothly. Q4 2014 or Q1 2015. ETF will make it easier for large institutions to invest, but there needs to be transparency and accountability in the system. Take the Willie report for example. http://willyreport.wordpress.com/ Assuming this is accurate, this would mean a massive distortion of the marketplace and violation of users trusts (and stealing their money). This undermines the very core concept of bitcoin, which is that you can trust the other party without knowing who they are. The crooks need to be driven OUT of the marketplace. Exchanges must adopt transparent systems that will ensure the consumer that they are 100% legitimate. Ideally these should not be based on "a great team of trusted people who are running the exchange", but instead programmed into the exchange, and can be tracked/viewed/audited by anyone at anytime. If these protections are not put in place, look forward to lots of regulation. (This won't prevent outside forces from manipulating the systems, but it's a start.) Sorry, but this is a bit naive. If there is a market, someone can write a program to trade in this market. Are you going to make sure that there is a single human decision on any trade. It is not possible to execute a million share buy/sell without using some sort of a program, unless you are a french banker. Biodome, I'm not suggesting that someone can't manipulate the markets, nor that people can't run bots. This will happen. It just shouldn't be the exchange itself that is manipulating the market, as is suggested in the Willie report. |
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Yeezus
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May 26, 2014, 09:03:32 PM |
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Id love to know who created this thread. Wonder if hes the wealthy elite now?
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rhino34567
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May 27, 2014, 01:31:09 AM |
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People are often calling Bitcoin the digital gold, if it reaches the market cap of gold that would be $600,000 a coin. You have to look at Bitcoin for what it is though a commodity that's part of an ecosystem like none other the ecosystem of crypto.
I think bitcoin could become much more valuable than gold. I wasn't arguing that neither was I saying that was the case, all I'm saying is that analyzing bitcoin by the same rules that you analyze gold by doesn't make much sense. Well, you can call a Bitcoin whatever you want. If it's traded, it's a currency. If it's stored, it's an asset or commodity, just like gold. |
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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May 27, 2014, 01:32:35 AM |
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Id love to know who created this thread. Wonder if hes the wealthy elite now?
Atlas! He was banned a long time ago. |
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cryptopaths
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May 27, 2014, 01:54:33 AM |
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Id love to know who created this thread. Wonder if hes the wealthy elite now?
Atlas! He was banned a long time ago. Why was he banned? |
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Beliathon
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May 27, 2014, 03:04:16 AM |
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The world just isn't going to be the same and we have been blessed as the pioneers.
I haven't been blessed. It was through my foresight that I saw bitcoin for how valuable it was. No man helped me along, and many discouraged me. This is the best post in this thread. "Blessed", yuck. Blessed are those who aren't blinded by outdated bronze-age superstitions and imaginary sky-friends. |
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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May 27, 2014, 03:26:23 AM |
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The world just isn't going to be the same and we have been blessed as the pioneers.
I haven't been blessed. It was through my foresight that I saw bitcoin for how valuable it was. No man helped me along, and many discouraged me. This is the best post in this thread. "Blessed", yuck. Blessed are those who aren't blinded by outdated bronze-age superstitions and imaginary sky-friends. Satoshi is my favorite "imaginary sky-friend". FYI: "Blessed" does not always require a religious context. Anyone can pause and be grateful for the positive things in their life, and those moments are vital if you want to be happy. Edit: The primary definition of "blessed" is spiritual, so I guess I'm blessed to not be that worried about it. |
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