HairyMaclairy
Legendary
 Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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June 01, 2014, 07:51:59 AM |
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I need my dose of the bear fud, anyone?
We won't reach $709. This is just another failed break out. Within 2 weeks Bitstamp will test $300. Lower highs and lower lows. Feel better now? |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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magicmexican
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June 01, 2014, 07:52:28 AM |
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US dollar is very tedious to mine tho
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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June 01, 2014, 07:54:14 AM |
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
Why will bitcoin probably collapse to zero? I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points!  |
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TERA
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June 01, 2014, 07:55:18 AM |
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
Why will bitcoin probably collapse to zero? I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points! a complete protocol failure |
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Bagatell
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June 01, 2014, 07:56:49 AM |
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I need my dose of the bear fud, anyone?
Nope, soz  It's just too good.  |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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June 01, 2014, 07:57:35 AM |
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
Why will bitcoin probably collapse to zero? I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points! a complete protocol failure Sounds like an edge case. US regulatory volte-face is all i am worried about. |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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June 01, 2014, 07:58:01 AM |
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
Why will bitcoin probably collapse to zero? I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points! a complete protocol failure Just fork the blockchain. I genuinely believe it cannot be killed. (Without killing the internet). |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 01, 2014, 08:00:26 AM |
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cmacwiz
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June 01, 2014, 08:02:05 AM |
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
Why will bitcoin probably collapse to zero? I am sure you are an excellent technical trader but price prediction and being positive in life are not your strong points! a complete protocol failure Or Bitcoin's specific protocol becomes obsolete. Technology moves quickly, and there are going to be better ways to offer a decentralized currency in the year 3000... |
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TERA
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June 01, 2014, 08:02:35 AM |
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governments are a threat too but that would result in a controlled decline which stole holds a value and not $0
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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June 01, 2014, 08:05:10 AM |
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I can't imagine how average Joes [in China] are still brave enough to flow in with pboc's gun on the back?
I don't think that average Joe clients are under any pressure or threat. At most they may have their bank accounts closed if they manage to use them to trade bitcoins. If there will be penalties, they should fall only on card processors, exchanges, brokers etc.. Hm, clearly the money flow is not cut out but it isn't sufficient for why China is taking lead again. Why China is taking the lead again, even though money flow in is more complicated than other areas? -Chinese are real bitcoin believers? -chinese are more greedy? -chinese whales are special? What else? Maybe because China has a population of like 1 billion. Even if a less percent of the Chinese use bitcoin, it is still a greater number than in the west. For the educated, I wonder whether Chinese population is really bigger?
I tend to believe the main reason lies in RMB yuan. Chinese people has less confidence in their currency than other areas. Before Yuan collapses, China may inevitably take lead. What are you suggesting? Fake volume? Oh come on... So China is a small-populated country today. Seriously? Yes. It's actually smaller than Belgium. Really. |
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Parazyd
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June 01, 2014, 08:08:59 AM |
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I can't imagine how average Joes [in China] are still brave enough to flow in with pboc's gun on the back?
I don't think that average Joe clients are under any pressure or threat. At most they may have their bank accounts closed if they manage to use them to trade bitcoins. If there will be penalties, they should fall only on card processors, exchanges, brokers etc.. Hm, clearly the money flow is not cut out but it isn't sufficient for why China is taking lead again. Why China is taking the lead again, even though money flow in is more complicated than other areas? -Chinese are real bitcoin believers? -chinese are more greedy? -chinese whales are special? What else? Maybe because China has a population of like 1 billion. Even if a less percent of the Chinese use bitcoin, it is still a greater number than in the west. For the educated, I wonder whether Chinese population is really bigger?
I tend to believe the main reason lies in RMB yuan. Chinese people has less confidence in their currency than other areas. Before Yuan collapses, China may inevitably take lead. What are you suggesting? Fake volume? Oh come on... So China is a small-populated country today. Seriously? Yes. It's actually smaller than Belgium. Really. Yeah... And Slovenia is the biggest country in the world. |
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Raystonn
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June 01, 2014, 08:12:02 AM |
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Someone just painted the tape on Bitstamp.
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Parazyd
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June 01, 2014, 08:15:23 AM |
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Someone just painted the tape on Bitstamp.
Isn't that happening all the time? |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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June 01, 2014, 08:16:10 AM |
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I can't imagine how average Joes [in China] are still brave enough to flow in with pboc's gun on the back?
I don't think that average Joe clients are under any pressure or threat. At most they may have their bank accounts closed if they manage to use them to trade bitcoins. If there will be penalties, they should fall only on card processors, exchanges, brokers etc.. Hm, clearly the money flow is not cut out but it isn't sufficient for why China is taking lead again. Why China is taking the lead again, even though money flow in is more complicated than other areas? -Chinese are real bitcoin believers? -chinese are more greedy? -chinese whales are special? What else? Maybe because China has a population of like 1 billion. Even if a less percent of the Chinese use bitcoin, it is still a greater number than in the west. For the educated, I wonder whether Chinese population is really bigger?
I tend to believe the main reason lies in RMB yuan. Chinese people has less confidence in their currency than other areas. Before Yuan collapses, China may inevitably take lead. What are you suggesting? Fake volume? Oh come on... So China is a small-populated country today. Seriously? Yes. It's actually smaller than Belgium. Really. Yeah... And Slovenia is the biggest country in the world. Face. Palm. |
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SFHere
Newbie
Offline
Activity: 59
Merit: 0
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June 01, 2014, 08:18:51 AM |
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in the year 3000...
I didn't know Conan was on here. Hi O' Brien! Current activity has me very hopeful for 1k+ |
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nioc
Legendary
Offline
Activity: 1624
Merit: 1008
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June 01, 2014, 08:28:47 AM |
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Why would Yuan collapse? It's as good as ever.
Huge banking sector bubble similar to japan in the late 80's The whole world is in bubble and no one knows when and if things will collapse. Many well-known people (banking, hedge funds) are saying China will collapse, USA will collapse, Japan will collapse, EU will collapse, stock market will collapse, etc., but so far they are 100% wrong for many years since financial crisis and people listening to them are losing money not participating in the markets! Some are even saying BTC has no future and is doomed to fail, but 100x gain in one year shows you how no one has a clue what's going on. I am just saying markets are irrational and things can go on like this for years and years. Huobi is currently $10 higher than that of stamp. Will China take lead for this rally again? If so, why China always takes lead? Irration does not explain this. There must be something else behind. Capital controls actually make bitcoin more attractive to wealthy chinese than to wealthy people living in free capital countries. People in free capital countries know they can enjoy their money wherever they go in the world. People in China not. What is better for them than to hold some of their wealth in BTC ? We have a winner! |
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ShroomsKit
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June 01, 2014, 08:31:53 AM |
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
I am sure you are an excellent technical trader Aaaaaaaaaaahahaaaaaaahhhaaa! If only i could be bothered to dig up her completely ridiculous predictions from the last few months. She is completely clueless. All her trading is based on some weird obsessive compulsive disorder how Bitcoin will crash. She lives in a fantasy world full of doom and gloom. We all can see how that worked out for her. |
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TooDumbForBitcoin
Legendary
Offline
Activity: 1638
Merit: 1001
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June 01, 2014, 08:33:12 AM |
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Why will bitcoin probably collapse to zero? Dogecoin faucet. |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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June 01, 2014, 08:33:54 AM |
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Bitcoin's collapse will probably just be one big candle straight to 0 - not something gradual that we predict and chart out with TA. Maybe the same with the economy.
I am sure you are an excellent technical trader Aaaaaaaaaaahahaaaaaaahhhaaa! If only i could be bothered to dig up her completely ridiculous predictions from the last few months. She is completely clueless. All her trading is based on some weird obsessive compulsive disorder how Bitcoin will crash. She lives in a fantasy world full of doom and gloom. We all can see how that worked out for her. I think TERA's doing just fine. |
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