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Bitcopia
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December 10, 2012, 05:54:54 PM |
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I personally wouldn't identify Bitcoin as fiat currency, at least not in the sense of "by legislative fiat". There are no legal-tender laws granting special privilege to bitcoin. However, calling it fiat isn't strictly wrong, since fiat is Latin for "let it be done", thus the interpretation of the word can be flexible.
Isn't a fiat currency by definition issued by or at least backed by government? That's how I think of it, yes, but the world fiat is a bit more flexible than that in its true meaning. Personally, I do not consider bitcoin to be a fiat currency at all, even though it isn't gold or silver. Yeah I don't think most would consider it fiat currency either. I see what you mean about the definition of fiat, but I think the word takes on a different meaning when you throw the word currency behind it. |
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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chriswilmer
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Activity: 1008
Merit: 1000
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December 11, 2012, 11:19:15 PM |
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Guys I just want to say... I did some back of the envelope calculations... and I also had some bourbon... if we break $31...
... I'll be rich. *raises glass*
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proudhon
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Activity: 2198
Merit: 1311
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December 11, 2012, 11:26:23 PM |
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Guys I just want to say... I did some back of the envelope calculations... and I also had some bourbon... if we break $31...
... I'll be rich. *raises glass*
So, those 22BTCs are yours then?  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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chriswilmer
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Activity: 1008
Merit: 1000
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December 11, 2012, 11:28:06 PM |
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Guys I just want to say... I did some back of the envelope calculations... and I also had some bourbon... if we break $31...
... I'll be rich. *raises glass*
So, those 22BTCs are yours then? I think we can do it... by we I mean you guys. Just spend another $2 million on bitcoins, and I'll have my $682  |
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bitboyben
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December 12, 2012, 08:14:09 AM |
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Sweet you could buy... some more, umm.... GPUs?
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Why did I sell at $5! Come back to me my old bitcoin! 1GjeBGS4KrxKAeEVt8d1fTnuKgpKpMmL6S
If you don't like the price of BTC come back in 8 hours.
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waspoza
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December 27, 2012, 12:00:31 PM |
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The price will drop back down under $4 when people cash out to buy Christmas presents like last year.
So, where's the $4? I wanna buy some coins.  |
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goldlyre (OP)
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February 10, 2013, 03:03:24 AM
Last edit: February 10, 2013, 03:23:37 AM by goldlyre |
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I'll reply to this thread both periodically (at end of each quarter) and aperiodically (as now).
Now it's first quarter of 2013, let's ride the bull and see in the mean time...
Anyway, let's kindle some fireworks now to celebrate both the bull run and the Lunar New Year (the Year of Snake).
Happy New Year!!!
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jgarzik
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February 22, 2013, 05:00:18 PM |
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And the answer is... today!
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Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
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qwk
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Activity: 3542
Merit: 3411
Shitcoin Minimalist
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February 22, 2013, 05:13:34 PM |
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Guys I just want to say... I did some back of the envelope calculations... and I also had some bourbon... if we break $31...
... I'll be rich. *raises glass*
So, those 22BTCs are yours then? I think we can do it... by we I mean you guys. Just spend another $2 million on bitcoins, and I'll have my $682 Just out of curiosity: what are you gonna do with your $682 now? |
Yeah, well, I'm gonna go build my own blockchain. With blackjack and hookers! In fact forget the blockchain.
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goldlyre (OP)
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February 28, 2013, 03:24:02 AM |
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The correct answer is First Quarter. It means that the up-trend of Bitcoin is way too strong than the average expactation of its participators.
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waspoza
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March 09, 2013, 01:51:20 PM |
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I don't think so. 2015 or maybe 2014. The surges in prices are less extreme now. I don't think we will see any +100% years. $20 maybe.
This. There are simply too many holders of large collections of bitcoins and as the price increases it's easier and easier for less and less bitcoins to push it back down. There'd need to be a lot more money on MtGox to get back to $31 and that's just to get there. There'd need to be even more money to keep it there. We're probably years away from that. It's funny to read (not so) old prediction threads. |
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cbeast
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Activity: 1736
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Let's talk governance, lipstick, and pigs.
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March 09, 2013, 02:02:43 PM |
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Let's call this rally the Kutcher Effect. It may be short lived, but if the devs (and the wannabes like me) keep the innovations going, the hype cycle will continue.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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piramida
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Activity: 1176
Merit: 1010
Borsche
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January 20, 2014, 11:55:25 AM |
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I don't think so. 2015 or maybe 2014. The surges in prices are less extreme now. I don't think we will see any +100% years. $20 maybe.
This. There are simply too many holders of large collections of bitcoins and as the price increases it's easier and easier for less and less bitcoins to push it back down. There'd need to be a lot more money on MtGox to get back to $31 and that's just to get there. There'd need to be even more money to keep it there. We're probably years away from that. It's funny to read (not so) old prediction threads. Gets funnier every year! |
i am satoshi
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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January 20, 2014, 11:56:00 AM |
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4th quarter - 2$
nailed it! |
i am satoshi
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600watt
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Activity: 2338
Merit: 2106
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January 20, 2014, 03:30:08 PM |
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great find. good to see that the same crap was written all along.
$ 31
Wow.
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Dafar
Legendary
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Activity: 1330
Merit: 1000
dafar consulting
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January 20, 2014, 04:42:11 PM |
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Can't wait to bump threads like this next year.. threads saying when will BTC break $10k? With 90% of people saying never or in 2-3 years... hopefully we'll look back and laugh at $10k/btc and move on to speculating $100k/btc
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kireinaha
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January 20, 2014, 04:48:39 PM |
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Can't wait to bump threads like this next year.. threads saying when will BTC break $10k? With 90% of people saying never or in 2-3 years... hopefully we'll look back and laugh at $10k/btc and move on to speculating $100k/btc
How high is it going to get this year? I need to know how much to invest. |
Night gathers, and now my bitcoinwisdom watch begins.
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Dafar
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dafar consulting
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January 20, 2014, 05:01:30 PM |
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Can't wait to bump threads like this next year.. threads saying when will BTC break $10k? With 90% of people saying never or in 2-3 years... hopefully we'll look back and laugh at $10k/btc and move on to speculating $100k/btc
How high is it going to get this year? I need to know how much to invest. Safe/expected: ~$2000-$4000 Possible and not too unlikely: ~$5000-$10,000 Bullish: $10,000+ Amazing (2014 = year of bitcoin): $20-$40K Or we crash and burn... almost as likely as all the other scenarios. |
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pungopete468
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January 20, 2014, 05:49:14 PM |
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I see plenty of sad old bears in this thread...
If you want to win the Bitcoin game you need to buy and forget. Check back in a year...
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