proudhon (OP)
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Activity: 2198
Merit: 1311
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July 08, 2016, 02:39:43 PM |
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I've been studying bitcoin for years now, and have fully confirmed my fear from a few years ago -- that ultimately bitcoin is doomed to failure. All the data I've seen confirms this and anyone can check it with analysis of their own by technical analysis data, as I have confirmed. Just check the Chinese and Russian sources, as have been confirmed by my TA analysis and multiple linear regression study. The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing. See below: https://i.imgur.com/cQ8G7MN.jpghttps://i.imgur.com/ZRJofhv.pnghttps://i.imgur.com/NveJpUE.jpghttps://i.imgur.com/VjgnSlu.jpghttps://i.imgur.com/HsUhGNe.jpghttp://www.boc.cn/ebanking/online/201405/t20140504_3276761.htmlhttps://www.cbr.ru/ckki/ |
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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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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podyx
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Activity: 2338
Merit: 1035
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July 08, 2016, 02:43:58 PM |
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talks_cheep
Legendary
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Activity: 1036
Merit: 1000
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July 08, 2016, 03:06:31 PM |
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Instead of gaining price momentum, bitcoin keeps losing momentum. A few years ago, it hit an all time high of $1250. Since then it's been all down hill. The recent gains topped out at 791 a few weeks ago. Many forum members predicted $10-20k by the time of halving, it never even came close. Bitcoin price is going down to 250 which is the correct price at the moment. I pity those fools who paid $600-700 for a coin. Chinese bag sellers will thank the fools. We will never see $1k again, not in our lifetime, maybe in our children's.
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proudhon (OP)
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Activity: 2198
Merit: 1311
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July 08, 2016, 03:12:32 PM |
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Instead of gaining price momentum, bitcoin keeps losing momentum. A few years ago, it hit an all time high of $1250. Since then it's been all down hill. The recent gains topped out at 791 a few weeks ago. Many forum members predicted $10-20k by the time of halving, it never even came close. Bitcoin price is going down to 250 which is the correct price at the moment. I pity those fools who paid $600-700 for a coin. Chinese bag sellers will thank the fools. We will never see $1k again, not in our lifetime, maybe in our children's.
$250? Maybe for a short time, but based on everything I've confirmed, the price is likely headed much lower than that. |
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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RodeoX
Legendary
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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July 08, 2016, 03:12:54 PM |
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Oh, well I guess that's it then, it has been confirmed by bold typeface. lol  |
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hector3115
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July 08, 2016, 03:15:31 PM |
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He's been bearish since $1.00, LOL. See below his post copied from 2011.
3327 Economy / Speculation / Re: How Much Lower are We Going? Already at $2.25 !!! on: November 17, 2011, 01:08:25 PM
To answer the question in the thread title...we're going all the way down. There simply is no reason for bitcoins to be worth more than a $1, no reason at all. Nagle has been right. When a bubble pops, it pops all the way, and in the case of bitcoin, there's no reason for a legitimate recovery on the horizon.
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| | | | │ | | │ | BUY CRYPTO AT REASONABLE RATES▄▄███████▄▄
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████▄ ▀▀▀▀▀▀████
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▀█████████████▀
▀▀███████▀▀ | & | OTHER
COINS |
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2c0de
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July 08, 2016, 03:16:34 PM |
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Please.. this have to be a joke...
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DHjxvnHB9RirtPbvkovSotn1fY2poNffoi
LWeT4wwDVdJ9x49UcXPyS6CznRpbQFM6nx
0x96273C2FD825f0A2745d917bbbfabD6032dC1aDD
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EcuaMobi
Legendary
Offline
Activity: 1862
Merit: 1469
https://Ecua.Mobi
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July 08, 2016, 03:18:10 PM |
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Oh, well I guess that's it then, it has been confirmed by bold typeface. lol That and this: You can't argue with this confirmed graph!. That's OP's best confirmation. The quantity of analyzed information is just overwhelming.  |
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hector3115
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July 08, 2016, 03:19:46 PM |
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He missed out on 65,000% gains. I dont think I would take his investment advice!!!
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| | | | │ | | │ | BUY CRYPTO AT REASONABLE RATES▄▄███████▄▄
▄█████▀ ▀█████▄
██████ ▄█▄ ██████
██████ █████ ██████
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████▄ ▀▀▀▀▀▀████
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▀▀███████▀▀ | & | OTHER
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RodeoX
Legendary
Offline
Activity: 3066
Merit: 1145
The revolution will be monetized!
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July 08, 2016, 03:22:06 PM |
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He's been bearish since $1.00, LOL. See below his post copied from 2011.
3327 Economy / Speculation / Re: How Much Lower are We Going? Already at $2.25 !!! on: November 17, 2011, 01:08:25 PM
To answer the question in the thread title...we're going all the way down. There simply is no reason for bitcoins to be worth more than a $1, no reason at all. Nagle has been right. When a bubble pops, it pops all the way, and in the case of bitcoin, there's no reason for a legitimate recovery on the horizon.
I wonder how he determined that $1 makes sense while $2.25 is overpriced? Oh, well I guess that's it then, it has been confirmed by bold typeface. lol That and this! You can't argue with this confirmed graph!. That's OP's best confirmation. The quantity of analyzed information is just overwhelming. Woh! look at those lines! Lines don't lie y'all!  |
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Darkbot
Newbie
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Activity: 59
Merit: 0
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July 08, 2016, 03:25:53 PM |
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NOOB THREAD
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EthanB
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July 08, 2016, 03:27:53 PM |
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This reminds me of the 2012 end of the world bullshit.
You speculated in 2011 that $2.25/Bitcoin was way over-priced, and today you're saying $250 is higher than a coin is "worth"..
Are you just trying to pull as many people down with you as you can, or do you actually believe you've confirmed something with self-developed Paint trend-lines that are incoherent and not even labeled to the capabilities of 4th grade math?..
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w00t
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July 08, 2016, 03:53:45 PM |
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Oh, well I guess that's it then, it has been confirmed by bold typeface. lol That and this: You can't argue with this confirmed graph!. That's OP's best confirmation. The quantity of analyzed information is just overwhelming.  Man how old are you? Four? What kind of analysis is this??? |
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megadeth
Sr. Member
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Activity: 289
Merit: 252
bagholder since 2013
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July 08, 2016, 03:55:34 PM |
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I can confirm the above.  |
bagholder since 2013
My sig space is not for sale.
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proudhon (OP)
Legendary
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Activity: 2198
Merit: 1311
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July 08, 2016, 04:57:02 PM |
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Oh, well I guess that's it then, it has been confirmed by bold typeface. lol That and this: You can't argue with this confirmed graph!. That's OP's best confirmation. The quantity of analyzed information is just overwhelming. Exactly, plus all the data from the foreign language sites. It's clear we're heading further down for the long term based on these data. |
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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jaredboice
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July 08, 2016, 05:05:09 PM |
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He's been bearish since $1.00, LOL. See below his post copied from 2011.
3327 Economy / Speculation / Re: How Much Lower are We Going? Already at $2.25 !!! on: November 17, 2011, 01:08:25 PM
To answer the question in the thread title...we're going all the way down. There simply is no reason for bitcoins to be worth more than a $1, no reason at all. Nagle has been right. When a bubble pops, it pops all the way, and in the case of bitcoin, there's no reason for a legitimate recovery on the horizon.
Night of the Living Trolls I tell you. I wonder if these shills are being paid in Bitcoin lol. The halvening is happening tomorrow. The first halving was followed by a large increase a few months after it happened. Just Hodl and ignore the trolls who have been wrong since $1 lol |
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Ibian
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Activity: 2268
Merit: 1278
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July 08, 2016, 05:07:05 PM |
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Alpaca troll is back. Bullish!
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Look inside yourself, and you will see that you are the bubble.
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redsn0w
Legendary
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Activity: 1778
Merit: 1042
#Free market
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July 08, 2016, 05:10:52 PM |
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Welcome back proudhon ! Nice analysis , time to buy few bitcoins  . |
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CryptoDatabase
Legendary
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Activity: 1596
Merit: 1003
https://cryptodatabase.net
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July 08, 2016, 05:11:03 PM |
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Oh, well I guess that's it then, it has been confirmed by bold typeface. lol That and this: You can't argue with this confirmed graph!. That's OP's best confirmation. The quantity of analyzed information is just overwhelming. I've learned something by that graph. There is exactly 1 pixel between each upward line in the letter W on that graph. This has been confirmed. |
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