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savetherainforest
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August 17, 2016, 01:05:55 PM |
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wtf do you think this is??? the US stock market + QE1 2 3 4?
sounds like an idea for a Plunge Protection Team. Hmmm... There still must be some value in that paper worthless thing called dollar... I heard it still had like 0.02$ value per each sheer of 1$ paper. Meaning they can probably resist maybe 1 more QE before throwing everything made of paper to garbage..  (I don't worry about my money... my fiat is made from plastic... meaning it has more value.. aka.. recycling... rofl..  ) |
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Elwar
Legendary
 Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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August 17, 2016, 01:22:32 PM |
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You get me wrong, if you believe that I am suggesting that folks should not aspire to using bitcoin.
My criticism of your earlier post is the characterization that seemed to come through as "all people have to do is... blah blah blah"
There is a difference between aspiring and promoting something and acting as if it is easy for everyone to accomplish.
I stand by my earlier comment in the assertion that it is no easy task for folks to attempt to incorporate bitcoin into all or most parts of their lives.... Sure it is great for the infrastructure that people like you are willing to go through the extra efforts to push such ideologies, but don't assume that it is any kind of easy barrier for anyone that is less than evangelistic about bitcoin, such as you and some of the other bulls (sure I am a kind of bull myself, but I am not going to assume that using bitcoin is easy for folks).
Surely, we need to get a lot more bitcoin infrastructure in place before we begin to argue "all you have to do is... blah blah blah, bitcoin."
I agree, it is definitely not easy. It takes some thought to figure out how to pay for things when all you have is bitcoins. It is like a lot of new things, like the tiny house movement. You have the first few that show it can be done. Then things start to get easier over time. And it does get easier. |
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BathSaltsDealer
Member
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Activity: 88
Merit: 10
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August 17, 2016, 01:32:40 PM |
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It is like a lot of new things, like the tiny house movement.
Or getting around in a monowheel...  |
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kobilica
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August 17, 2016, 02:41:50 PM |
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Buy pressure is still bigger than sell, it's just people expecting to buy coins at lower price  |
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2c0de
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August 17, 2016, 02:45:48 PM |
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waiting for the drop to scoop up some cheap coinz
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savetherainforest
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August 17, 2016, 03:13:21 PM |
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waiting for the drop to scoop up some cheap coinz
They will be waking up to that notion one day... and they won't sell low anymore. |
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JimboToronto
Legendary
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Activity: 4004
Merit: 4493
You're never too old to think young.
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August 17, 2016, 03:58:02 PM |
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Good morning Bitcoinland.
Not much change again... $577 on BitcoinAverage.
Thank heavens for caffeine.
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harrymmmm
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August 17, 2016, 04:13:43 PM |
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Someone care to speculate what price would reach BTC if a random guy (or agency) decides to buy 1 million?
It's important to, at least, specify how quickly this is to be done. If it's immediate, I think he'd exhaust exchanges' liquidity and then be forced to OTC at premium prices. If it's a slower purchase, he'd lose a lot in slippage, and bitcoin would go to the moon  Not sure which method is cheapest for the random guy. |
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kobilica
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August 17, 2016, 04:40:56 PM |
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What about dark pools?
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BathSaltsDealer
Member
Offline
Activity: 88
Merit: 10
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August 17, 2016, 04:50:30 PM |
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Back to 560s? To market, to market, to buy a fat pig, Home again, home again, jiggety-jig.  |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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August 17, 2016, 06:08:12 PM |
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What about dark pools?
Dark pools is scam. There is no reason to buy BTC and don't want price to go up after your purchase, unless you're a BTC enemy. |
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JayJuanGee
Legendary
 Online
Activity: 3710
Merit: 10248
Self-Custody is a right. Say no to"Non-custodial"
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August 17, 2016, 07:20:27 PM |
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We don't need no random guy. If the 15% of the average smartphone users would start buying and using BTC our beloved coin would go out of the Solar System. Some stats: Copay for Android has something like 10.000 downloads Blockchain.info has something like 100.000 downloads Coinbase around 500.000 downloads I expect similar data for IPhone users (can't say, I don't have an Iphone) Push these numbers to at least 150 M and then you need no random guy to push the price high. (While searching for those numbers I stumbled upon the >100.000.000 Pokemon Go downloads ) Well, one thing about bitcoin, though, is that regular folks don't really start to buy until they begin to consider that random guy might be out there buying 1 million coins, and then they jump on board and magnify the effects of random guy. Whether we need random guy or not, random guy would more certainly be a lot easier to achieve than getting a bunch of random folks to start buying BTC - absent any other changes. In other words, random guy can act right now, the masses need some kind of stimulus to cause them to act in unity in the same direction as hypothetical random guy. |
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Holliday
Legendary
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Activity: 1120
Merit: 1010
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August 17, 2016, 07:24:25 PM |
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What about dark pools?
Dark pools is scam. There is no reason to buy BTC and don't want price to go up after your purchase, unless you're a BTC enemy. Unless you want to purchase more next week and hope to get the most for your money. |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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August 17, 2016, 08:24:51 PM |
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What about dark pools?
Dark pools is scam. There is no reason to buy BTC and don't want price to go up after your purchase, unless you're a BTC enemy. Unless you want to purchase more next week and hope to get the most for your money. Flawed logic, for you'll not buy now but wait next week and get the most for your money. |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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August 17, 2016, 09:46:07 PM |
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BathSaltsDealer is not NotLambChop and can be confirmed as a govt. agent ... thanks for outing yourself scumbag.
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XCASH
Legendary
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Activity: 929
Merit: 1000
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August 17, 2016, 10:26:17 PM |
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There's only 2000 Bitcoins for sale all the way up to $1000 on Bitfinex, but almost 9000 Bitcoins up for sale up to $1000 on Bitstamp. It wouldn't take much of a pump to go past the ATH on Bitfinex, and the arbitrage bots might be too frightened to trade on it in case their money is taken in a socialised loss scenario.
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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August 17, 2016, 10:40:22 PM |
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BathSaltsDealer is not NotLambChop and can be confirmed as a govt. agent ... thanks for outing yourself scumbag.
Well I can't catch up. But I can get behind anything.  |
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
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August 17, 2016, 11:18:07 PM |
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BathSaltsDealer is not NotLambChop and can be confirmed as a govt. agent ... thanks for outing yourself scumbag.
Well I can't catch up. But I can get behind anything. Well we all know you are a spook (you've as much admitted it) but you are of the kinder, gentler variety at least ... Casper |
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BathSaltsDealer
Member
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Activity: 88
Merit: 10
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August 18, 2016, 01:01:00 AM
Last edit: August 18, 2016, 01:12:44 AM by BathSaltsDealer |
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Glenn Gould was a communist.
 ¯\_(ツ)_/¯ I bet you it was this... Back to 560s?
To market, to market, to buy a fat pig,
Home again, home again, jiggety-jig.
I'm what we in the intelligence circles call a "Hungarian Code Mule," was passing some "happy" code for my spyfriend. Edward "Special Snowflake" Snowden, because NASA is watching him. I don't really know what those launch codes mean :\ P.S. Did i say "intelligence circles"? Lol, major typo, disregard. I meant shoe! Shoe salesman circles. |
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savetherainforest
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August 18, 2016, 01:55:34 AM |
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There's only 2000 Bitcoins for sale all the way up to $1000 on Bitfinex, but almost 9000 Bitcoins up for sale up to $1000 on Bitstamp. It wouldn't take much of a pump to go past the ATH on Bitfinex, and the arbitrage bots might be too frightened to trade on it in case their money is taken in a socialised loss scenario.
What are you? ... Nostradamus? ...I don't really take in consideration the nonsense you see on exchanges... because its not how reality works! The "off the book" transactions are an evil weapon of secret mass destruction. So... that being said... I'm more excited about Deutsche Bank screaming like a little spoiled child "QE!!!"  ... And it fills me with more joy than I can handle. |
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