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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 620186 times)
wachtwoord
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September 18, 2014, 08:42:33 PM
 #1781

Good ol' elite thread, resurrected again.Bullish!


Finally! Now we can go up again! Wink

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BitChick
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September 18, 2014, 08:45:13 PM
 #1782

Good ol' elite thread, resurrected again.Bullish!


Finally! Now we can go up again! Wink

Right!?  I am thankful for this big drop.  It is looking very similar to how things were last September.   Grin

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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September 18, 2014, 08:47:10 PM
 #1783

Good ol' elite thread, resurrected again.Bullish!


Finally! Now we can go up again! Wink

Right!?  I am thankful for this big drop.  It is looking very similar to how things were last September.   Grin

Remember, remember, no selling in September! (or any other month that rhymes  Wink)

Now is the time to eat canned tuna and hold on the Bitcoins.
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September 18, 2014, 09:52:43 PM
 #1784

Good ol' elite thread, resurrected again.Bullish!


Finally! Now we can go up again! Wink

Right!?  I am thankful for this big drop.  It is looking very similar to how things were last September.   Grin

Remember, remember, no selling in September! (or any other month that rhymes  Wink)

Now is the time to eat canned tuna and hold on the Bitcoins.

Eat canned tune, hold on the Bitcoins and buy a little bit maybe Wink

cuddaloreappu
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September 19, 2014, 01:12:51 AM
 #1785

I'd be happy to go back to $1 and do the whole thing all over again! Can we?

The happiness of me being on par with with early adopter @1$ will overshadow the sadness of the losses i will have today..

So yes we can go to 1$
ChuckBuck
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September 19, 2014, 01:20:28 AM
 #1786

Canned tuna eaten, Ramen cup o noodles next, and re-using boxers and socks that don't have holes in them(hmm maybe not).

But I'm definitely HODLING thoughout, maybe I'll skip a meal or 2, maybe skip laundry day.

Why?  Because I want to re-up!  Get me some mo' BTC!!!   Cool Cool

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BIT-Sharon
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September 19, 2014, 01:22:31 AM
 #1787

Many people buy Bitcoin not just for its current value, for they are fans of Bitcoins and are holding their faith that Bitcoin is the best with the most perfect technology. Once digital currency is accepted by more and more countries officially, as a fact, ebay and some electric businessman is on their near way to admit it. Is the spring of Bitcoins far?  
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September 19, 2014, 01:29:33 AM
 #1788

Many people buy Bitcoin not just for its current value, for they are fans of Bitcoins and are holding their faith that Bitcoin is the best with the most perfect technology. Once digital currency is accepted by more and more countries officially, as a fact, ebay and some electric businessman is on their near way to admit it. Is the spring of Bitcoins far?  
agree with you,you are so smart!  Grin

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hascoin
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September 19, 2014, 01:30:48 AM
 #1789

but,it'll be more interesting if it go back to $1 and do the whole thing all over again!   Grin

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fabiola!
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September 19, 2014, 01:40:04 AM
 #1790

but,it'll be more interesting if it go back to $1 and do the whole thing all over again!   Grin

Not really, if it goes down to $1 we'd all have to turn our miners off, we are pretty close to that already at this price, wouldn't be good.

Smiley
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September 19, 2014, 02:28:48 AM
 #1791

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.
bitllionaire
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September 19, 2014, 02:46:15 AM
 #1792

I wish that but every day is more difficult
but good things must be difficult  Smiley

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slaveforanunnak1
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September 19, 2014, 03:21:48 AM
 #1793

Im going to buy 2 tomorrow.. hopefully Cheesy

Looking Back with Adam, Wei Dai couldn't fathom

https://soundcloud.com/proofofbeats/whonakamoto
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September 19, 2014, 04:33:08 AM
 #1794

 It is looking very similar to how things were last September  Grin just hold your bitcoin.
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September 19, 2014, 08:39:09 AM
 #1795

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.

Makes me think of this post : https://bitcointalk.org/index.php?topic=642807.new#new and it seemed obvious 540$ was a great price to buy, now it is 400$-ish and in a few months it may indeed seemed like a huge buying opportunity that will not come back

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September 19, 2014, 11:34:41 AM
 #1796

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.

Makes me think of this post : https://bitcointalk.org/index.php?topic=642807.new#new and it seemed obvious 540$ was a great price to buy, now it is 400$-ish and in a few months it may indeed seemed like a huge buying opportunity that will not come back

Once miners shut down the security of the network is at stake. This is not going to be pretty

In fact they must be operating at a loss this morning. I guess the Chinese will take over from here?
Yup supply will decrease soon enough.  But I suspect this sell-off is caused by retailers and not traders


 
 
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boumalo
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September 19, 2014, 12:04:23 PM
 #1797

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.

Makes me think of this post : https://bitcointalk.org/index.php?topic=642807.new#new and it seemed obvious 540$ was a great price to buy, now it is 400$-ish and in a few months it may indeed seemed like a huge buying opportunity that will not come back

Once miners shut down the security of the network is at stake. This is not going to be pretty

All miners will not shut down and the price will go up again

HODL you fools!

Or buy in as much as possible if you can. Preferably..

This thread will be funny to view when the price hits 10K+. Which it will, I think in about 5-6 months. Let's see if I was correct later on.

Makes me think of this post : https://bitcointalk.org/index.php?topic=642807.new#new and it seemed obvious 540$ was a great price to buy, now it is 400$-ish and in a few months it may indeed seemed like a huge buying opportunity that will not come back

Once miners shut down the security of the network is at stake. This is not going to be pretty

In fact they must be operating at a loss this morning. I guess the Chinese will take over from here?
Yup supply will decrease soon enough.  But I suspect this sell-off is caused by retailers and not traders

Traders play a role, they see the price going down and sell to buy back cheaper; it will bounce agressively

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September 19, 2014, 12:40:10 PM
 #1798

http://sourceforge.net/p/bitcoin/mailman/message/21312757/

Quote
... Satoshi Nakamoto writes:
> Announcing the first release of Bitcoin, a new electronic cash
> system that uses a peer-to-peer network to prevent double-spending.
> It's completely decentralized with no server or central authority.
>
> See bitcoin.org for screenshots.
>
> Download link:
> [Link Removed]

Congratulations to Satoshi on this first alpha release.  I am looking
forward to trying it out.

> Total circulation will be 21,000,000 coins.  It'll be distributed
> to network nodes when they make blocks, with the amount cut in half
> every 4 years.
>
> first 4 years: 10,500,000 coins
> next 4 years: 5,250,000 coins
> next 4 years: 2,625,000 coins
> next 4 years: 1,312,500 coins
> etc...

It's interesting that the system can be configured to only allow a
certain maximum number of coins ever to be generated. I guess the
idea is that the amount of work needed to generate a new coin will
become more difficult as time goes on.

One immediate problem with any new currency is how to value it. Even
ignoring the practical problem that virtually no one will accept it
at first, there is still a difficulty in coming up with a reasonable
argument in favor of a particular non-zero value for the coins.

As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world.  Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.

So the possibility of generating coins today with a few cents of compute
time may be quite a good bet, with a payoff of something like 100 million
to 1! Even if the odds of Bitcoin succeeding to this degree are slim,
are they really 100 million to one against? Something to think about...

Hal ...

We should all pay attention to Hal - Don't stop believing ! Actually don't just think about it, make it a reality.

*Sings* https://www.youtube.com/watch?v=A7TuFy0fcuw

Lots more Bitcoins to go into circulation yet, after that its likely to get really interesting.  Cheesy

#Futurist

"The industry of the integrated spectacle and immaterial command owes me (us all) money." - We do not Forgive. We do not Forget. Expect Revolution! for we are all Satoshi now? - youtu.be/G7Z8MMk45U0 - "the multiple and the multiplex!" - Mostly AWOL Hunting SNARKS ... youtu.be/Yc18hhM6gUc?t=4m27s - "Beware of Boojum's"!
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September 19, 2014, 01:00:46 PM
 #1799

i really want to build a mosque with my father and my mother's name  Grin
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September 19, 2014, 01:07:57 PM
 #1800

LOL I had never seen that before. Anyway, here's some perspective from a life savings divestor from FIAT:


Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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