bonipper
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January 17, 2018, 03:50:10 AM |
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I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation. Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping. Oh is that what blew up the price? A Ponzi scheme collapsing? Man no one makes money on those things. the insiders did i bet :\ meh Yep. Bitconnect is dead I guess. Everyone who saw videos on Youtube of their conference knew it was a scam. This guy has become a meme now. The early people certainly made a lot of money there and the general populace got burned. That's why we should sometimes listen to our fellow crypto lovers when they have our best interest at heart. Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first. How many bitcoins were tied up in it?
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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OWZ1337
Member
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Activity: 140
Merit: 17
BITCOIN===>THE DISRUPTIVE CYBERCURRENCY
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January 17, 2018, 03:52:47 AM |
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I predict max low is 8300-8400 - bitfinex - last hope support. None good supports below really - if it goes to 8000 its game over man Bitconnect dropped like a stone. At someone point Bitcoin could definitely collapse. But until then it's all just speculation. Maybe someone is dumping all the bitcoin profits they made from bitconnect. Maybe bitcoin will recover after they stop dumping. Oh is that what blew up the price? A Ponzi scheme collapsing? Man no one makes money on those things. the insiders did i bet :\ meh Yep. Bitconnect is dead I guess. Everyone who saw videos on Youtube of their conference knew it was a scam. This guy has become a meme now. The early people certainly made a lot of money there and the general populace got burned. That's why we should sometimes listen to our fellow crypto lovers when they have our best interest at heart. Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first. to many people just hodl forever and don't USE bitcoin ~ it's a revolutionary type of thing that most n00bs cannot even understand :-D ~anonymous, secure and unregulated digital money.
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Peter R
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Activity: 1162
Merit: 1007
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January 17, 2018, 03:53:34 AM |
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Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first.
$18k -> $3k (6x) wouldn't be unprecedented. In 2011, we fell from $30 -> $2 (15x), in early 2013 from $250 -> $50 (5x), and in late 2013 from $1200 -> $200 (6x). If we get away with a low of $9k (2x) I'd hardly even call that a crash! Here are projected lows compared to historical crashes: 2x: $9,000 3x: $6,000 4x: $4,500 5x (early 2013): $3,600 6x (late 2013): $3,000 10x: $1,800 15x (2011): $1,200
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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January 17, 2018, 03:56:20 AM |
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hey Peter, did you see your MtGox thread is active again?
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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January 17, 2018, 03:56:38 AM |
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I think the winners will be the ones that owed BTC, and the losers are the ones still owed Who knows how much BTC was involved, wow what a mess. Its occurrences like this that tarnish the crypto industry and give regulators ammo, to some degree anyways.
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adaseb
Legendary
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Activity: 3752
Merit: 1710
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January 17, 2018, 03:59:01 AM |
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Seems like scalping right off $10K on GDAX and Bitfinex was a classical technical analysis trade.
Was under $10K probably for less than a minute.
Tons of stop losses under... but many buy-limits under also
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Peter R
Legendary
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Activity: 1162
Merit: 1007
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January 17, 2018, 03:59:11 AM |
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hey Peter, did you see your MtGox thread is active again?
Haha cool! Thanks for letting me know. I should read that paper. The Mt Gox story is quite fascinating.
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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January 17, 2018, 04:00:15 AM |
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Just buy the dips and sell the peaks and then profit. FTFY
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Elix9
Newbie
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Activity: 56
Merit: 0
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January 17, 2018, 04:01:33 AM |
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I think the winners will be the ones that owed BTC, and the losers are the ones still owed Who knows how much BTC was involved, wow what a mess. Its occurrences like this that tarnish the crypto industry and give regulators ammo, to some degree anyways. I agree, and think the BCC news will slow down the recovery unfortunately.
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Azazel333
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January 17, 2018, 04:07:47 AM |
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I think the winners will be the ones that owed BTC, and the losers are the ones still owed Who knows how much BTC was involved, wow what a mess. Its occurrences like this that tarnish the crypto industry and give regulators ammo, to some degree anyways. I think everyone involved in bitconnect lended to the platform itself which guaranteed huge returns (which is what made it a Ponzi). They sold the story as having an amazing trading bot that generated huge profits which is why they could guarantee such large returns.....LOL Whoever created Bitconnect clearly was going to run off as soon as outgoing money surpassed incoming money which it makes perfect sense that would be about now.
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RoomBot
Legendary
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Activity: 2268
Merit: 1123
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January 17, 2018, 04:14:07 AM |
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Sold it all at $9940. Bitcoin is a fraud and if anyone working for me buys any they are fired.
JAMIE DIMON I knew it was you!
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cofefeGandalf
Member
Offline
Activity: 96
Merit: 14
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January 17, 2018, 04:14:55 AM |
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I think the winners will be the ones that owed BTC, and the losers are the ones still owed Who knows how much BTC was involved, wow what a mess. Its occurrences like this that tarnish the crypto industry and give regulators ammo, to some degree anyways. I think everyone involved in bitconnect lended to the platform itself which guaranteed huge returns (which is what made it a Ponzi). They sold the story as having an amazing trading bot that generated huge profits which is why they could guarantee such large returns.....LOL Whoever created Bitconnect clearly was going to run off as soon as outgoing money surpassed incoming money which it makes perfect sense that would be about now. Jup, and as always the hordes of stupid didn't hesitate to lose their precious coins on it.
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RoomBot
Legendary
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Activity: 2268
Merit: 1123
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January 17, 2018, 04:15:11 AM |
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So who here is a bitconnect whale? Please come out Buy at 1 satoshi. Pump. Sell at 8 satoshis. what are the txs fees on that now???
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Higher Altitude
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January 17, 2018, 04:16:47 AM |
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Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first.
$18k -> $3k (6x) wouldn't be unprecedented. In 2011, we fell from $30 -> $2 (15x), in early 2013 from $250 -> $50 (5x), and in late 2013 from $1200 -> $200 (6x). If we get away with a low of $9k (2x) I'd hardly even call that a crash! Here are projected lows compared to historical crashes: 2x: $9,000 3x: $6,000 4x: $4,500 5x (early 2013): $3,600 6x (late 2013): $3,000 10x: $1,800 15x (2011): $1,200 I'm not even saying Bitcoin didn't have worse days because it has certainly been going through a lot and came out on top. This past year has been a gold rush for Bitcoin and if it did crash back down to really low prices I think it would destroy a lot of confidence in the market. People might discard it again. And I agree on another post that Bitcoin should be USED. It's the closest thing to digital cash I have ever owned. But the transaction fees have been way too high lately. That's why I like Litecoin.
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cofefeGandalf
Member
Offline
Activity: 96
Merit: 14
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January 17, 2018, 04:18:27 AM |
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So who here is a bitconnect whale? Please come out Buy at 1 satoshi. Pump. Sell at 8 satoshis. what are the txs fees on that now??? Doesn't matter when people store their coins on the exchanges. See my other post above lol.
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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January 17, 2018, 04:35:18 AM |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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January 17, 2018, 04:35:26 AM |
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$18k -> $3k (6x) wouldn't be unprecedented. In 2011, we fell from $30 -> $2 (15x), in early 2013 from $250 -> $50 (5x), and in late 2013 from $1200 -> $200 (6x).
If we get away with a low of $9k (2x) I'd hardly even call that a crash!
Here are projected lows compared to historical crashes:
2x: $9,000 3x: $6,000 4x: $4,500 5x (early 2013): $3,600 6x (late 2013): $3,000 10x: $1,800 15x (2011): $1,200
Bitcoin is less volatile now. Unless the bull market has ended - which I do not think it has - most of these other crash comparisons are not really valid. Right now this is a healthy correction - one many people called - that will lead to another bullish year in 2018 with BTC prices well above $50k. BCH might die however
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DaRude
Legendary
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Activity: 2780
Merit: 1791
In order to dump coins one must have coins
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January 17, 2018, 04:40:21 AM |
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Bitcoin is the one and only original. If its price goes somewhere sub 3k it's probably game over. But it won't happen until all the knockoffs die first.
$18k -> $3k (6x) wouldn't be unprecedented. In 2011, we fell from $30 -> $2 (15x), in early 2013 from $250 -> $50 (5x), and in late 2013 from $1200 -> $200 (6x). If we get away with a low of $9k (2x) I'd hardly even call that a crash! Here are projected lows compared to historical crashes: 2x: $9,000 3x: $6,000 4x: $4,500 5x (early 2013): $3,600 6x (late 2013): $3,000 10x: $1,800 15x (2011): $1,200 I'm not even saying Bitcoin didn't have worse days because it has certainly been going through a lot and came out on top. This past year has been a gold rush for Bitcoin and if it did crash back down to really low prices I think it would destroy a lot of confidence in the market. People might discard it again. And I agree on another post that Bitcoin should be USED. It's the closest thing to digital cash I have ever owned. But the transaction fees have been way too high lately. That's why I like Litecoin. That wouldn't be that bad. Get some attention off BTC and let the developers develop. Concentrate on the final product LN without all this BS that's going on now.
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Paashaas
Legendary
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Activity: 3426
Merit: 4344
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January 17, 2018, 04:40:49 AM |
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I like the new LightningCharge from Blockstream, a new micropayment processing system (API) that makes it easy to build apps on top of Lightning. It’s already powering the Blockstream Store, an e-commerce site they launched today. Key word is: To Build Apps On Top Of Lightning https://blockstream.com/2018/01/16/lightning-charge.html
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bonipper
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January 17, 2018, 04:44:00 AM |
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$18k -> $3k (6x) wouldn't be unprecedented. In 2011, we fell from $30 -> $2 (15x), in early 2013 from $250 -> $50 (5x), and in late 2013 from $1200 -> $200 (6x).
If we get away with a low of $9k (2x) I'd hardly even call that a crash!
Here are projected lows compared to historical crashes:
2x: $9,000 3x: $6,000 4x: $4,500 5x (early 2013): $3,600 6x (late 2013): $3,000 10x: $1,800 15x (2011): $1,200
Bitcoin is less volatile now. Unless the bull market has ended - which I do not think it has - most of these other crash comparisons are not really valid. Right now this is a healthy correction - one many people called - that will lead to another bullish year in 2018 with BTC prices well above $50k. BCH might die however MtGox had a massive effect on bitcoin's price years ago as it had most of the trading volume. Today the volume is spread among lots of exchanges. If one goes down the traders just move to another. MtGox crashed the price in mid 2103 by stopping trading for two weeks. It crashed it again in 2014 by going bankrupt.
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