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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 573818 times)
Hackaday
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November 03, 2014, 01:39:38 PM
 #2121

Hope we have a good week this week.
What would a "good week" be like?

$10,000 by Friday.

You saw it here folks.


 Cheesy Cheesy Cheesy Cheesy Cheesy If you are right you are going to get worshipped by everyone
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November 03, 2014, 01:43:35 PM
 #2122



$10,000 by Friday.

You saw it here folks.
[/quote]


 Cheesy Cheesy Cheesy Cheesy Cheesy If you are right you are going to get worshipped by everyone
[/quote]

He's trolling

joeventura
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November 03, 2014, 01:53:53 PM
 #2123

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.


BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
lightningmccoin
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November 03, 2014, 02:18:31 PM
 #2124

Hope we have a good week this week.
What would a "good week" be like?

$10,000 by Friday.

You saw it here folks.

Who are you nostradamus?
pissedoff
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November 03, 2014, 02:18:48 PM
 #2125

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.

Piston Honda
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November 03, 2014, 02:30:15 PM
 #2126

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



As positive im trying to be about BTC mooning, or at least seeing some GOOD rise, I think this guy above is right Sad

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pissedoff
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November 03, 2014, 02:32:54 PM
 #2127






Thought I would remind people of this prediction that was predicted to happen in 2016. Now things have changed what's your prediction for 2016?
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November 03, 2014, 10:33:47 PM
 #2128






Thought I would remind people of this prediction that was predicted to happen in 2016. Now things have changed what's your prediction for 2016?

Just because we are below the trend line does not mean that the trend line is not still accurate.

I predict $100,000 for 2106.  Grin

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
fabiola!
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November 03, 2014, 11:21:05 PM
 #2129

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin.... or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.



I lost thousands via BFL like a lot of ppl on here. Are you saying maybe that will pay for itself if the bad press makes a good effect in the long run? I guess it's a possibility although I havent seen any press on this BFL fiasco just yet.

Smiley
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November 03, 2014, 11:36:00 PM
 #2130

Hope we have a good week this week.
What would a "good week" be like?

$10,000 by Friday.

You saw it here folks.
Bitpool. A shitty idea to begin with
cr1776
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November 04, 2014, 12:20:59 AM
 #2131

http://oneyearbitcoin.info

Looks like 55% positive over the last year.  

A ton more over 2, 3, and 4 years.

It is important to keep some perspective.  Early 2013 people were scoffing at the notion of hitting $50, let alone over $1000.  Anything is possible.  

Transaction volume is roughly twice what it was last year, every day more and more people learn about bitcoin's uses.  Side-chains will be ground-breaking, ETF etc.



Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.


WaterEffect
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November 04, 2014, 12:33:29 AM
 #2132

http://oneyearbitcoin.info

Looks like 55% positive over the last year.  

A ton more over 2, 3, and 4 years.

It is important to keep some perspective.  Early 2013 people were scoffing at the notion of hitting $50, let alone over $1000.  Anything is possible.  

Transaction volume is roughly twice what it was last year, every day more and more people learn about bitcoin's uses.  Side-chains will be ground-breaking, ETF etc.



Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



Thanks for bring to our attention that it isn't as bad as it seems it seems the community is losing hope and thats the last thing we need.
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November 04, 2014, 12:35:06 AM
 #2133

Everyone needs to quite complaining & buy some more Bitcoin.
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November 04, 2014, 12:37:09 AM
 #2134

Everyone needs to quite complaining & buy some more Bitcoin.

Welcome Newbie.  Smiley

I agree.  Buy more BTC!  Cheesy

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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November 04, 2014, 05:16:04 AM
 #2135

Hope we have a good week this week.
What would a "good week" be like?

$10,000 by Friday.

You saw it here folks.

Maybe that will happen in your dreams.. And maybe my dream too.
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November 04, 2014, 07:00:28 AM
 #2136

At the rate I am going, I will stay one of the poor ^Sniff^

It's been a year and I have not even accumalated 1 Bitcoin. ^Cry^

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November 04, 2014, 07:03:16 AM
 #2137

Same for me as well, but I'm not giving up, I have a number of projects in the work that should make me some money one way or the other.
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November 04, 2014, 09:47:50 AM
 #2138

No, we're not. Not yet. Until we get rid of the greedy scammers and the scum. And until the greedy people stop being greedy. But that's never gonna happen.


The more money there is in bitcoin (i mean as the price of bitcoin goes up), the more motivations that there are for scammers to figure out ways to exploit various weaknesses in bitcoin (whether that is taking transactions off the blockchain or some other schemes to obtain the bitcoins of others).

You mean like all the ASIC companies and the thousands of miners who got robbed blind by pre-order scams? How about the half a billion dollars in coins Empty Gox made disappear? First Pirate Savings & Trust?

There are a lot of examples, and yes, you are correct that examples go back to times in which bitcoins were NOT worth very much - however, many of us must admit that there has been increased awareness and security measures for securing bitcoins - nonetheless, my main point(s) seems to be that incentives to employ various scandals goes up as the value of BTC goes up - yet, even if the value is low, there still could be opportunity to engage in scandals.

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November 04, 2014, 10:11:06 AM
 #2139

Very amusing.

What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.

Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.

In response to that what is happening?

People spending their BTC? NO!

People selling their BTC? YES!

People continuing to hoard BTC waiting for it to come back? YES!

People mining any great quantity of BTC on their own? NO!

People cloud mining making tiny BTC profits? YES!

These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.

By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.

You heard it here.



Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed.
All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it.
You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up.



Pissedoff:   I agree with some of your assessment, but NOT all of it.

Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board.

Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level.   Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue.

Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum.

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November 04, 2014, 10:42:50 AM
 #2140

Dont forget

http://oneyearbitcoin.info/
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