BitChick
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October 23, 2013, 08:48:17 PM |
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Yes I would be the elite if I had bought 10 000 btc at 1$, but guess what I didn't.
Skip ahead two or three years. Someone will post "Yes I would be the elite if I had bought 10 BTC at $200."  |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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pinger
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Bitcoin - Resistance is futile
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October 23, 2013, 09:20:41 PM |
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Yes I would be the elite if I had bought 10 000 btc at 1$, but guess what I didn't.
Skip ahead two or three years. Someone will post "Yes I would be the elite if I had bought 10 BTC at $200." How about no.  Wrong |
For rent
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mootinator
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October 23, 2013, 10:39:44 PM |
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Yes I would be the elite if I had bought 10 000 btc at 1$, but guess what I didn't.
If everyone who thinks they could have bought 10 000 btc at 1$ had actually bought 10 000 btc at 1$ then none of those people would have actually been able to buy 10 000 btc at 1$. |
No
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go1111111
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October 24, 2013, 01:57:36 AM |
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One of the things politicians want to achieve, is to adjust salaries and entitlements downwards. If and when everything is adjusted to expected inflation, inflation will increase to something that is unexpected.
Politicians want to win elections and have power, and they'll basically do whatever it takes to get those things. If you have skills, then in most markets your salary will roughly reflect your skills regardless of what inflation is, unless you're in some sort of hyperinflation. That's why companies adjust salaries using a 'cost of living increase' every year, usually about 2%, because inflation has been about 2% for a while. It's not a big deal. |
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Anon136
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October 24, 2013, 04:25:04 AM |
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One of the things politicians want to achieve, is to adjust salaries and entitlements downwards. If and when everything is adjusted to expected inflation, inflation will increase to something that is unexpected.
Politicians want to win elections and have power, and they'll basically do whatever it takes to get those things. If you have skills, then in most markets your salary will roughly reflect your skills regardless of what inflation is, unless you're in some sort of hyperinflation. That's why companies adjust salaries using a 'cost of living increase' every year, usually about 2%, because inflation has been about 2% for a while. It's not a big deal. you are focusing on the seen and missing the unseen. that 2% inflation isnt just a magical mystical change in purchasing power that leeks into our dimension from the ether, it represents the fact that someone is printing money. that is a wealth transfer from the people who save to the people who print. thats represents a new computer or used car or w/e that you dont have, and that the printer of the money now does have. Yea in a prosperous economy you could still survive just like a human can survive with a tick on it, that doesn't mean we shouldn't try to remove ticks. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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WinVery.com
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October 24, 2013, 08:48:03 AM |
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Yes I would be the elite if I had bought 10 000 btc at 1$, but guess what I didn't.
If everyone who thinks they could have bought 10 000 btc at 1$ had actually bought 10 000 btc at 1$ then none of those people would have actually been able to buy 10 000 btc at 1$. A single bitcoin is going to be very valuable in the future. I plan to have many. |
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JakeGold
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October 24, 2013, 11:10:57 AM |
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Yes I would be the elite if I had bought 10 000 btc at 1$, but guess what I didn't.
If everyone who thinks they could have bought 10 000 btc at 1$ had actually bought 10 000 btc at 1$ then none of those people would have actually been able to buy 10 000 btc at 1$. A single bitcoin is going to be very valuable in the future. I plan to have many. That's so predictable. I know a few guiys who were kicking themselves a year ago for "not buying in when it was under $10", now they're complaining about "not buying when it was under $100". And they'll still be complaining next year for "not buying when they were under $1000". I've been buying on a regular basis regardless of price and I'm bewildered by their thought process. |
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JakeGold
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October 24, 2013, 12:11:57 PM |
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So in 10 years I'll kick myself when it's 10 000$?  $/BTC will be a moot stat by then. Think Zimbabwe dollars  |
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cheech300
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NEIN, ICH BIN DER BITCOIN!
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October 24, 2013, 02:13:11 PM |
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ya,
if i got money left, i buy BTC whenever i could. in my opinion everything under 1k is cheap!
i wish i could look into 2 years future of this forum.... many things will repeated loads of time....
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justusranvier
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November 05, 2013, 04:56:00 PM |
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Bump Bumping this thread doesn't work anymore. Maybe try translating it to Chinese? |
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Hexadecibel
Human Intranet Liason
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I still <3 u Satoshi
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November 05, 2013, 05:28:05 PM |
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Oh look its this thread again |
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Bitobsessed
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November 05, 2013, 05:39:14 PM |
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A little premature don't you think?
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Rampion
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November 05, 2013, 06:45:34 PM |
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A little premature don't you think?
Yeah, please try again around 1000 USD/BTC price point, thank you! Those who mined&bought BTC are already among the new wealthy elite, no need to wait for $1000 USD/BTC. |
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LiteCoinGuy
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In Satoshi I Trust
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November 05, 2013, 07:07:44 PM |
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A little premature don't you think?
Yeah, please try again around 1000 USD/BTC price point, thank you! Those who mined&bought BTC are already among the new wealthy elite, no need to wait for $1000 USD/BTC. yes, the very early adopters and now devs, businessmen etc etc are already very wealthy. they will build more on top of bitcoin and make the system even better. |
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Kouye
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Cuddling, censored, unicorn-shaped troll.
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November 05, 2013, 07:12:58 PM |
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I'll refrain bumping that post until people try to beg for a satochi in exchange of their 1$ bill. But I will when it happens!  |
[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition! I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked. |
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vesperwillow
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November 05, 2013, 07:54:38 PM |
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Hell, I'd love to buy bitcoin, especially over the past week. $0 available to buy with |
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dserrano5
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November 05, 2013, 08:40:24 PM |
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Bump Bumping this thread doesn't work anymore. The market seems to disagree with that. At least in the very short term . |
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sushi
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Activity: 238
Merit: 100
ASIC Myth Buster
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November 05, 2013, 10:40:47 PM |
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as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
Any Generous boy/girl, can you give me a starter BTC? 1AHNusc3BQA2QJCokySAQ1Qtymr1ZyAG6P
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>>> PM me for New ASIC Miner's Info. We will go check it out <<<
FEEL GENEROUS TODAY? ==> 1AHNusc3BQA2QJCokySAQ1Qtymr1ZyAG6P
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knight22
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--------------->¿?
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November 05, 2013, 11:33:24 PM |
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as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
When the mining rate is increasing, there is not more bitcoin minted, they are just harder to mint. The max amount of bitcoin is cap at 21M https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_graph.png |
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Bitware
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November 06, 2013, 06:08:04 PM |
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as more merchants accept bitcoins, the market must grow and get stronger. Question is is the price stay leveled or as more coins are minted in the next few months with the crazy TH/S mining rate, if the mining produce more coins than it needs or the other way around.
When the mining rate is increasing, there is not more bitcoin minted, they are just harder to mint. The max amount of bitcoin is cap at 21M https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_graph.pngUntil they up the total number of coins to be generated in the code. |
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