infofront (OP)
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Shitcoin Minimalist
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April 05, 2018, 02:08:40 PM |
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... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.
Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.
Sounds reasonable to me. To reach gold parity in one or two decades is really an astounding feat. I do fear a bear market like no other after that point however. Nasdaq took 15 years to recover after the dot-com run-up, and perhaps Bitcoin will suffer such fate before we see more pedestrian and sustainable growth. Perhaps Bitcoin will recover 15 times faster.
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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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dxbcoin
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April 05, 2018, 02:09:23 PM |
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edit: I miss carolina... Lol bitcoin price today
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B1tUnl0ck3r
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liife threw a tempest at you? be a coconut !
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April 05, 2018, 02:12:10 PM |
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... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.
Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.
Sounds reasonable to me. To reach gold parity in one or two decades is really an astounding feat. I do fear a bear market like no other after that point however. Nasdaq took 15 years to recover after the dot-com run-up, and perhaps Bitcoin will suffer such fate before we see more pedestrian and sustainable growth. Perhaps Bitcoin will recover 15 times faster.it can double or more in one single trade...
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toknormal
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April 05, 2018, 02:17:28 PM |
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We sliced through $5000 like a hot knife through butter I thought I was on a 9/11 conspiracy site there for a minute.
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pacman7331
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April 05, 2018, 02:25:30 PM |
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We gotta test 6 before 5 right? Or does the laws of normal space-time-energy no longer apply to bitcoin due to volatility? I'm ready to buy my 6k coins... A weekend sale would be nice. Where were you on Feb 5? I was buying on Coinbase. Another pump and dump? That makes 2 of the identical size in one day. Bear market...
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Paashaas
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April 05, 2018, 02:28:17 PM |
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Weak hands already sold only the bears playing with the market untill they run out of coins ore they get rekt by other whales.
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jbreher
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lose: unfind ... loose: untight
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April 05, 2018, 02:33:27 PM |
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Unexpected green!
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El duderino_
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BTC + Crossfit, living life.
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April 05, 2018, 02:38:11 PM |
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Weak hands already sold only the bears playing with the market untill they run out of coins ore they get rekt by other whales.
then let them get rekt .....
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pacman7331
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April 05, 2018, 02:39:03 PM |
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I see a pattern here. Bitfinex Whale club?
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jojo69
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diamond-handed zealot
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April 05, 2018, 02:39:14 PM |
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unexpected green is PEOPLE!
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Torque
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April 05, 2018, 02:53:53 PM |
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We pop 4% after many weeks of 10% drop after 10% drops, and you guys are posting rocket gifs?
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Globb0
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Free spirit
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April 05, 2018, 02:56:07 PM |
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Why not?
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markj113
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April 05, 2018, 02:56:59 PM |
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bitcoinPsycho
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$120000 in 2024 Confirmed
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April 05, 2018, 02:58:17 PM |
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that's right and repeat
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Raja_MBZ
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April 05, 2018, 03:01:12 PM |
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I don't know why we consider the "India" factor that much in crypto. Indian contribution towards crypto volume is surely not above 2.5% to 3% or so.
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B1tUnl0ck3r
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liife threw a tempest at you? be a coconut !
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April 05, 2018, 03:01:35 PM |
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Why not?
This rocket is going in the wrong direction !!!
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fabiorem
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April 05, 2018, 03:04:30 PM |
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I don't know why we consider the "India" factor that much in crypto. Indian contribution towards crypto volume is surely not above 2.5% to 3% or so.
Its the denial. They pick some small news in the sidelines to "explain" why the price is dropping. The same with these rocket gifs. We just had another bull trap and already we see rocket gifs.
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markj113
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April 05, 2018, 03:07:34 PM |
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I don't know why we consider the "India" factor that much in crypto. Indian contribution towards crypto volume is surely not above 2.5% to 3% or so.
India has a population of 1.3 billion I would have thought a ban there is significant even if user adoption is low currently.
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Torque
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April 05, 2018, 03:10:17 PM |
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India has a population of 1.3 billion I would have thought a ban there is significant even if user adoption is low currently.
Over 90+% of the population there is completely unbanked and uses fiat paper for everything.
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B1tUnl0ck3r
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liife threw a tempest at you? be a coconut !
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April 05, 2018, 03:11:11 PM |
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anything that escape their controls will be fought... India, the biggest cease pool of feces and urine in the world. I wouldn't be surprised to see in a few years an "indian spring", where the destitute masses will rise, and this time violently, toward their ruling class, and a few weapons manufactured in china will certainly help accelerate the down fall of this immune class. but maybe the indian ruling class will have killed them before they rise... who knows. anyway... https://news.bitcoin.com/cryptocurrency-regulator-found-dead-home-south-korea/I think they try to bait the bitcoin defenders... I am sure this indian one is easier to bribe, maybe for less than a single btc, okay let's make it 10... inflation is rampant there. India has a population of 1.3 billion I would have thought a ban there is significant even if user adoption is low currently.
Don't forget the difference between the proclamation by a governmental oligarch vs the implementation in the real world. It was written before the gate of rome: barbarians please do not enter... worked well, I guess. bitcoin works with tor, i2p and what? India has a population of 1.3 billion I would have thought a ban there is significant even if user adoption is low currently.
Over 90+% of the population there is completely unbanked and uses fiat paper for everything. no they banned cash. so that they control. and remove finance from a father who refuse to sell his daughter for example... war
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