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Author Topic: Buy low, sell high. We have a buyers market right now!  (Read 1619 times)
WarrenBuffett (OP)
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June 12, 2011, 01:10:04 AM
 #1
Also remember, that price is what you pay, value is what you get.
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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virtualfaqs
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June 12, 2011, 01:24:58 AM
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Buyer's market and yet I still can't buy because my funds are in transit to Dwolla. There's something wrong with the system.
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Sukrim
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June 12, 2011, 01:31:50 AM
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Compared to earlier levels, mining is still very profitable, so I would either count on the greed of people and buy or do some more calculations and conclude that mining 1 BTC costs ~1-2 USD, so they're still far overpriced.

On a side note, MtGox seems to run dry. With just 200k USD you could run the price up to 24 USD or with ~ the same sum in BTC push it down to 10 USD.
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mcdett
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June 12, 2011, 02:24:59 AM
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Quote from: virtualfaqs on June 12, 2011, 01:24:58 AM
Buyer's market and yet I still can't buy because my funds are in transit to Dwolla. There's something wrong with the system.

You must diversify your trading methods.  Bitcoin is still in it's infancy and some aspects of it are still very technical.  Geek out and learn2irc on bitcoin-otc.
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June 12, 2011, 05:50:38 AM
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Quote from: virtualfaqs on June 12, 2011, 01:24:58 AM
Buyer's market and yet I still can't buy because my funds are in transit to Dwolla. There's something wrong with the system.

There's something wrong with the old system. Which is why Bitcoin was invented.
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