becoin
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Activity: 3431
Merit: 1233
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July 16, 2017, 06:19:48 PM |
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Like we all expected exchanges are slowly making plans to shut down, not really surprising to me.
Users can easily wait couple of weeks or even months for those exchanges to open but where will miners sell bitcoins to pay their electricity bills? A couple weeks or months of users not being able to use Bitcoin and they will move to a crypto they can use. The actual economy won't wait for us 99% of users use bitcoin only to diversify their assets. They can wait. Miners can't! If Bitcoin goes down all the crypto economy goes down with it irrespective of the coin used. Definitely miners depend on users and not vice versa. UASF is a very good idea and should be respected by honest miners. |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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July 16, 2017, 06:31:23 PM |
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Like we all expected exchanges are slowly making plans to shut down, not really surprising to me.
Users can easily wait couple of weeks or even months for those exchanges to open but where will miners sell bitcoins to pay their electricity bills? A couple weeks or months of users not being able to use Bitcoin and they will move to a crypto they can use. The actual economy won't wait for us They can wait. Miners can't! If Bitcoin goes down all the crypto economy goes down with it irrespective of the coin used. Definitely miners depend on users and not vice versa. UASF is a very good idea and should be respected by honest miners. That's crazy. If you really think that.. |
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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July 16, 2017, 06:40:34 PM |
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Like we all expected exchanges are slowly making plans to shut down, not really surprising to me.
Users can easily wait couple of weeks or even months for those exchanges to open but where will miners sell bitcoins to pay their electricity bills? A couple weeks or months of users not being able to use Bitcoin and they will move to a crypto they can use. The actual economy won't wait for us 99% of users use bitcoin only to diversify their assets. They can wait. Miners can't! If Bitcoin goes down all the crypto economy goes down with it irrespective of the coin used. Definitely miners depend on users and not vice versa. UASF is a very good idea and should be respected by honest miners. Who can wait? Who is only diversifying? I am, many people are, but if it really were 99% we wouldn't have had this dump. So it is obvious it is more than 1% of users that can't wait. They couldn't in late 2013 and 2014 and they can't now (the new weak hands... earlier ones are long gone now). Also, if someone is SURE the price will keep going lower it is better to sell now and rebuy lower (except in case of tax issues). |
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crypto research
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July 16, 2017, 06:46:10 PM |
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Below 1900 inside 48 hours.
Trust me.
Did anyone listen to me when I said this? Thought not. Buy the dip  |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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July 16, 2017, 06:48:50 PM |
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Buy the dip is a fools errand. I'm not even sure buy the crash is wise at this point.
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bones261
Legendary
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Activity: 1806
Merit: 1827
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July 16, 2017, 06:59:51 PM |
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Below 1900 inside 48 hours.
Trust me.
Did anyone listen to me when I said this? Thought not. Buy the dip Buy the dip is a fools errand. I'm not even sure buy the crash is wise at this point.
In other words, don't catch falling knives.  |
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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July 16, 2017, 07:05:50 PM
Last edit: July 16, 2017, 07:21:45 PM by bitserve |
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I don't know why, but for some reason I was watching the Gangnam Style videoclip and then I think that guy looks like a chineese pool mafia guy. It also has some resemblance to a mix between satoshilite and f2pool_wang.... but that's not the point.... Anyone have the patience to edit the whole video with the face of Jihan BU?
The guy in the elevator can be Roger Ver and the one with the yellow suit Barry Silbert.
I think this dump has affected my mind somehow.
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tonyq
Legendary
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Activity: 879
Merit: 1001
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July 16, 2017, 07:16:42 PM |
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Below 1900 inside 48 hours.
Trust me.
Did anyone listen to me when I said this? Thought not. Here's a cookie ( BTC) I call below 1800 inside 24 hours now. |
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mastrox92
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July 16, 2017, 07:22:09 PM |
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r we goin' to see a break the average 1.8k!  r we just reach the bottom! I think is hard to persuite the crash train  |
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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July 16, 2017, 07:24:03 PM |
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too much chaos/uncertainty =1200
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Mr Frog
Full Member
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Activity: 168
Merit: 100
Bitcoin is the King
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July 16, 2017, 07:26:48 PM |
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I just heard that quote: " If you've not been throught a crash with BTC then you are not a Bitcoiner yet." I guess I am becoming a Bitcoiner. Cool. It can drop more... I am not scared at all. By the end of summer we will be back at $2900. And looking UP. |
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Icygreen
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Activity: 1463
Merit: 1135
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July 16, 2017, 07:30:06 PM |
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I was expecting a bigger bounce from 1800s, oh well, if we fall soon through here I'm thinking the bottom is lower than 1500.
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User705
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Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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July 16, 2017, 07:32:08 PM |
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I just heard that quote: " If you've not been throught a crash with BTC then you are not a Bitcoiner yet." I guess I am becoming a Bitcoiner. Cool. It can drop more... I am not scared at all. By the end of summer we will be back at $2900. And looking UP. Summer 2020 or 2021 that is. |
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duke944
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July 16, 2017, 07:33:12 PM |
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I just heard that quote: " If you've not been throught a crash with BTC then you are not a Bitcoiner yet." I guess I am becoming a Bitcoiner. Cool. It can drop more... I am not scared at all. By the end of summer we will be back at $2900. And looking UP. Let me guess, you are all in with .05 btc? |
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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July 16, 2017, 07:34:08 PM |
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nobody wants to buy a coin whose chain can split anytime
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bones261
Legendary
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Activity: 1806
Merit: 1827
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July 16, 2017, 07:36:42 PM |
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too much chaos/uncertainty =1200
I'm beginning to suspect that some whale(s) with an agenda are causing this crash, probably because they do not care for the upcoming "scaling solutions." (UASF and/or segwit2x) I still think it's rather "amazing" how we really haven't had much problems with transaction backlog since around the time the Segwit2x agreement came into play... |
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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July 16, 2017, 07:39:23 PM |
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I just heard that quote: " If you've not been throught a crash with BTC then you are not a Bitcoiner yet." I guess I am becoming a Bitcoiner. Cool. It can drop more... I am not scared at all. By the end of summer we will be back at $2900. And looking UP. By 2020 it will be $10.000+ or nothing. That's all I care. |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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July 16, 2017, 07:41:23 PM |
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nobody wants to buy a coin whose chain can split anytime
Some people here seem immune to the probability of chain-splits. I don't know what to call that other than blind faith. |
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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July 16, 2017, 07:43:17 PM |
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nobody wants to buy a coin whose chain can split anytime
Some people here seem immune to the probability of chain-splits. I don't know what to call that other than blind faith. You think the probability of a chain split is bigger than 10-20%? Then sell and rebuy later. |
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Mr Frog
Full Member
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Activity: 168
Merit: 100
Bitcoin is the King
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July 16, 2017, 07:43:26 PM
Last edit: July 16, 2017, 07:56:05 PM by Mr Frog |
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I just heard that quote: " If you've not been throught a crash with BTC then you are not a Bitcoiner yet." I guess I am becoming a Bitcoiner. Cool. It can drop more... I am not scared at all. By the end of summer we will be back at $2900. And looking UP. Summer 2020 or 2021 that is. uh!... I was expecting by the of this summer. ^^ Is that not enought of a crash to become a Bitcoiner ? I just heard that quote: " If you've not been throught a crash with BTC then you are not a Bitcoiner yet." I guess I am becoming a Bitcoiner. Cool. It can drop more... I am not scared at all. By the end of summer we will be back at $2900. And looking UP. Let me guess, you are all in with .05 btc? Bad guess. Started with 0,8 BTC in Cryptos in October 2016. Had 3 BTC start of June and I ordered 1 S9 and 1 L3+ when BTC was $2600. Still hold some BTC even if it is not a lot, still I invested some money in it. And I did it to support BTC seen the situation we are in with the Chinese miners, pools, and others.... I could have gone for profit but I didn't. I think long term. |
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