ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 30, 2014, 07:00:32 AM |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 30, 2014, 07:47:51 AM |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 30, 2014, 08:00:32 AM |
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blatchcorn
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October 30, 2014, 08:05:06 AM |
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The next 34 seconds are crucial
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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October 30, 2014, 08:15:43 AM |
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got a refund from some equip (spondoolies) 6.3k with my current investment(s) jupiter 550gh no roi titan (sigh) and such....also legal miner in usa so titan and jupiter i can eventually get 25% back towards taxes due on 5 year plan (biz) eguip deductions etc (4 to go)...also includes est coin on coming titan(?) (sigh)
anyway with the 6.3K and what i have in it divided by 82 coin ..my total cost per coin would be around 236 to 250 usd with again the equip deduction of 25% i can get back on equip (makes the no roi titan less painful...er not so much)
trying to decide to take the plunge and buy coin...or wait a bit.....
tempting vixen you are bitcoin sooooooo tempting you heartless b....er nevermind
but man all in equiv to 250 a coin with the minning I've done plus above 6.3k etc......sooooooo
(anyway pondering away here)
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ShroomsKit
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October 30, 2014, 08:23:49 AM |
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The non existing wall at 340 can't get crossed because of idiot dumpers. Looks like we still will go down.
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Totscha
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October 30, 2014, 08:30:13 AM |
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The non existing wall at 340 can't get crossed because of idiot dumpers. Looks like we still will go down.
You mean manbearwhale?
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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October 30, 2014, 08:41:38 AM |
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Good Morning, my daily check of the 1W chart: - Price still declining => check - People still delusional => check - Bag holders losing their shit and posting why Bitcoin will go to moon => check - The hate and denial is at ATH => check - Trolls at ATH => check - Shorts going up => check - Perma bulls crying and begging people to hold their coins instead of trading or lending it=> check - Finally the most important chart updated, just for people who yelled reversal and asked if we are blind :
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10196
Self-Custody is a right. Say no to"Non-custodial"
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October 30, 2014, 08:44:02 AM |
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Good Morning, my daily check of the 1W chart: - Price still declining => check - People still delusional => check - Bag holders losing their shit and posting why Bitcoin will go to moon => check - The hate and denial is at ATH => check - Trolls at ATH => check - Shorts going up => check - Perma bulls crying and begging people to hold their coins instead of trading or lending it=> check - Finally the most important chart updated, just for people who yelled reversal and asked if we are blind :- Mmitech acting like a retard => check
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 30, 2014, 08:44:11 AM |
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Good Morning, my daily check of the 1W chart: - Price still declining => check - People still delusional => check - Bag holders losing their shit and posting why Bitcoin will go to moon => check - The hate and denial is at ATH => check - Trolls at ATH => check - Shorts going up => check - Perma bulls crying and begging people to hold their coins instead of trading or lending it=> check - Finally the most important chart updated, just for people who yelled reversal and asked if we are blind :what if we were at first selloff phase
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Shak
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October 30, 2014, 08:47:50 AM |
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what if we were at first selloff phase then sell and buy back later when a trend reversal has been established? risk loosing 5% if we are actually at the bottom vs loosing more when we drop even further as fundamentals indicate? or just hodl and let others play
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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October 30, 2014, 08:52:24 AM |
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The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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October 30, 2014, 08:53:14 AM |
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The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
you are delusional, you are feeding the bear market.
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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October 30, 2014, 08:55:13 AM |
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The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
you are delusional, you are feeding the bear market. Do bears not bleed? Now who is delusional?
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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October 30, 2014, 08:58:12 AM |
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The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
you are delusional, you are feeding the bear market. Do bears not bleed? Now who is delusional? Well, we will see who will bleed the most. maybe I am delusional, maybe you are, but soon we will know for sure.
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 30, 2014, 09:00:33 AM |
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Mervyn_Pumpkinhead
Legendary
Offline
Activity: 876
Merit: 1000
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October 30, 2014, 09:22:09 AM |
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I used to think that BTC will experience at least one more bubble before it's final demise, but it doesn't look like it anymore.
I think that the fall of bitcoin will be caused mainly by one of it's biggest flaws - inefficient new coin creation. The bitcoin network has become too expensive to run, and it needs more and more new money to enter, just to sustain it's value. If not enough new money will enter, then mining will start to eat the dollar value of bitcoin. Some miners are claiming that they will temporary cover the losses and wait for better times to sell. Some of them outright lie to support the positive sentiment and some of them actually can cover their losses for a limited time. This also means that their coins will be accumulating together with their losses. This is only building up to an avalanche where the miners can't cover their losses anymore and they have to sell their coins to whatever the price that they can get. When this happens, then the amount of coins that will be thrown at the market will be large enough to destroy any trust that bitcoin still had left. Cryptocurrencies will live on, but new and better models will take over that have solved the important problems that bitcoin has.
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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October 30, 2014, 09:28:09 AM |
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I used to think that BTC will experience at least one more bubble before it's final demise, but it doesn't look like it anymore.
I think that the fall of bitcoin will be caused mainly by one of it's biggest flaws - inefficient new coin creation. The bitcoin network has become too expensive to run, and it needs more and more new money to enter, just to sustain it's value. If not enough new money will enter, then mining will start to eat the dollar value of bitcoin. Some miners are claiming that they will temporary cover the losses and wait for better times to sell. Some of them outright lie to support the positive sentiment and some of them actually can cover their losses for a limited time. This also means that their coins will be accumulating together with their losses. This is only building up to an avalanche where the miners can't cover their losses anymore and they have to sell their coins to whatever the price that they can get. When this happens, then the amount of coins that will be thrown at the market will be large enough to destroy any trust that bitcoin still had left. Cryptocurrencies will live on, but new and better models will take over that have solved the important problems that bitcoin has.
replace bitcoin with government and miners with banks and you'll be spot on.
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superresistant
Legendary
Offline
Activity: 2128
Merit: 1120
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October 30, 2014, 09:46:59 AM |
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Some people need to take holidays, seriously.
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sonofliberty
Full Member
Offline
Activity: 395
Merit: 100
Market Integration Platform
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October 30, 2014, 09:51:57 AM |
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Some people need to take holidays, seriously.
I would, if Bitcoin didn't make me poor.
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