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johnwhitestar
Sr. Member
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Activity: 697
Merit: 262
Slimcoin - the Proof of Donation inventors!
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February 16, 2014, 09:17:34 PM |
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I think that the market is too much used to look at MTGox to understand the trend. Now the trend on MTGox is dictated by the fact that there is only one hope to have the money back: a withdrawal of $, so fearing that MTGox is about to bankrupt their customer prefer to have even a small hope to recover a part of their capital, than the certainty to lose all. That means that the price of BTC on MTGox is falling down virtually to 0. The people who has their money on other exchangers not always do understand the real cause of MTGox dump, so they imagine that who trades on MTGox have some insider information and are strongly inclined to follow the trend. Anyone care to explain to me why in the name of Lord are the "liquid" exchanges (such as presumably Stamp / BTCe) follow the Gox price trends ? Why do we need to panic buy whenever there's some random dude that buys 100 BTCs at $200 each on Gox ?! Why do we panic sell when they panic sell ?!
It's another Universe in there, that has its own rules, people !
The market was just looking for an excuse to sell. Gox gave it to them. These things go in cycles. |
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Richy_T
Legendary
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Activity: 2450
Merit: 2128
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 16, 2014, 09:18:55 PM |
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Most people do not realize that it is their fault for letting Bitcoin cultists deceive them with their kool aid but they will instead say that Mark Karpeles is at fault, exactly! It is human nature.
It is not Bitcoin that is at fault though. Would you suggest those who were victims of Madhoff blame dollar enthusiasts? |
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johnwhitestar
Sr. Member
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Activity: 697
Merit: 262
Slimcoin - the Proof of Donation inventors!
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February 16, 2014, 09:21:51 PM |
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You are a genius!!!! Anyone care to explain to me why in the name of Lord are the "liquid" exchanges (such as presumably Stamp / BTCe) follow the Gox price trends ? Why do we need to panic buy whenever there's some random dude that buys 100 BTCs at $200 each on Gox ?! Why do we panic sell when they panic sell ?!
It's another Universe in there, that has its own rules, people !
where do you think Mark is dumping his cheap coins? |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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February 16, 2014, 09:22:21 PM |
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Most people do not realize that it is their fault for letting Bitcoin cultists deceive them with their kool aid but they will instead say that Mark Karpeles is at fault, exactly! It is human nature.
It is not Bitcoin that is at fault though. Would you suggest those who were victims of Madhoff blame dollar enthusiasts? I am talking about the fact that Bitcoin halved in value. Bitcoin is not at fault, but the cultists (oblivious to ANY probable bottlenecks!) here and on r/Bitcoin have played their part in inflating the bubble as hard as they can in the first place. |
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stompix
Legendary
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Activity: 2898
Merit: 6352
Blackjack.fun
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February 16, 2014, 09:22:36 PM |
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Do you plan to do that till a Mtgox press release? |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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February 16, 2014, 09:24:26 PM |
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35$ gap between BTC-e and Stamp.
Why is this? This is about 5%. Is arbitrage not functional between the two exchanges? |
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stompix
Legendary
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Activity: 2898
Merit: 6352
Blackjack.fun
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February 16, 2014, 09:26:38 PM |
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Most people do not realize that it is their fault for letting Bitcoin cultists deceive them with their kool aid but they will instead say that Mark Karpeles is at fault, exactly! It is human nature.
It is not Bitcoin that is at fault though. Would you suggest those who were victims of Madhoff blame dollar enthusiasts? I am talking about the fact that Bitcoin halved in value. Bitcoin is not at fault, but the cultists (oblivious to ANY probable bottlenecks!) here and on r/Bitcoin have played their part in inflating the bubble as hard as they can in the first place. Blitz , you're starting to talk about those "cultist" like Actor_Tom_Truong is talking about the Illuminati  ))))) |
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Arcas
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February 16, 2014, 09:27:12 PM |
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35$ gap between BTC-e and Stamp.
Why is this? This is about 5%. Is arbitrage not functional between the two exchanges? No one wants to lock their money up in bank transfers for a week during all this volatility I guess. |
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Richy_T
Legendary
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Activity: 2450
Merit: 2128
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 16, 2014, 09:30:47 PM |
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Most people do not realize that it is their fault for letting Bitcoin cultists deceive them with their kool aid but they will instead say that Mark Karpeles is at fault, exactly! It is human nature.
It is not Bitcoin that is at fault though. Would you suggest those who were victims of Madhoff blame dollar enthusiasts? I am talking about the fact that Bitcoin halved in value. Bitcoin is not at fault, but the cultists (oblivious to ANY probable bottlenecks!) here and on r/Bitcoin have played their part in inflating the bubble as hard as they can in the first place. Yes, that /is/ not a good attitude to have but is somewhat orthogonal to the current Gox-induced implosion. |
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ErisDiscordia
Legendary
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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February 16, 2014, 09:37:47 PM |
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Don't be fooled! They're just trying to get access to your coins!
Ah yes, "them", our mortal enemy. Also , our invisible no name unknown mortal enemy Monday, Wednsday, and Friday are the Federal Reserve Sunday is the Jews/Illuminati Thursday is the Bitcoin Exchanges Saturday is all Governments and Civilization as a whole -- Tuesdays dead ? =) with the wind |
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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February 16, 2014, 09:39:43 PM |
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Don't be fooled! They're just trying to get access to your coins!
Ah yes, "them", our mortal enemy. Also , our invisible no name unknown mortal enemy Monday, Wednsday, and Friday are the Federal Reserve Sunday is the Jews/Illuminati Thursday is the Bitcoin Exchanges Saturday is all Governments and Civilization as a whole -- Tuesdays dead ? =) with the wind |
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BTC5OOO
Member
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Activity: 98
Merit: 10
Trust:+4:20--Warning* ASICs with extreme hashrate!
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February 16, 2014, 09:42:03 PM |
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Don't be fooled! They're just trying to get access to your coins!
Ah yes, "them", our mortal enemy. Also , our invisible no name unknown mortal enemy Monday, Wednsday, and Friday are the Federal Reserve Sunday is the Jews/Illuminati Thursday is the Bitcoin Exchanges Saturday is all Governments and Civilization as a whole -- Tuesdays dead ? =) with the wind napster kicked their ass ---> this is the 1 i'm talkin' bout(where do you go?) >>> http://www.youtube.com/watch?v=pFOLvqAQVEo=) |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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February 16, 2014, 09:44:43 PM |
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Most people do not realize that it is their fault for letting Bitcoin cultists deceive them with their kool aid but they will instead say that Mark Karpeles is at fault, exactly! It is human nature.
It is not Bitcoin that is at fault though. Would you suggest those who were victims of Madhoff blame dollar enthusiasts? I am talking about the fact that Bitcoin halved in value. Bitcoin is not at fault, but the cultists (oblivious to ANY probable bottlenecks!) here and on r/Bitcoin have played their part in inflating the bubble as hard as they can in the first place. Blitz , you're starting to talk about those "cultist" like Actor_Tom_Truong is talking about the Illuminati ))))) Blitz would simply just like a world where he gets to decide at what rate the price of bitcoin will grow. He would like to adjust it to his world view of what is healthy. And if he could just get the Bitcoin Foundation to work on aspects of the blockchain that Blitz feels like they should pay more attention to, that would be great by Blitz too. If only the entire bitcoin space operated exactly like Blitz thinks it should, then Blitz would be happy and wouldn't be our resident (non) moderating curmudgeon. |
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David M
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February 16, 2014, 09:46:56 PM |
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I think I have seen this before.... Feb 2014  June 2013  |
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stompix
Legendary
Offline
Activity: 2898
Merit: 6352
Blackjack.fun
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February 16, 2014, 09:50:08 PM |
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Most people do not realize that it is their fault for letting Bitcoin cultists deceive them with their kool aid but they will instead say that Mark Karpeles is at fault, exactly! It is human nature.
It is not Bitcoin that is at fault though. Would you suggest those who were victims of Madhoff blame dollar enthusiasts? I am talking about the fact that Bitcoin halved in value. Bitcoin is not at fault, but the cultists (oblivious to ANY probable bottlenecks!) here and on r/Bitcoin have played their part in inflating the bubble as hard as they can in the first place. Blitz , you're starting to talk about those "cultist" like Actor_Tom_Truong is talking about the Illuminati ))))) Blitz would simply just like a world where he gets to decide at what rate the price of bitcoin will grow. He would like to adjust it to his world view of what is healthy. And if he could just get the Bitcoin Foundation to work on aspects of the blockchain that Blitz feels like they should pay more attention to, that would be great by Blitz too. If only the entire bitcoin space operated exactly like Blitz thinks it should, then Blitz would be happy and wouldn't be our resident (non) moderating curmudgeon. And is there a person is this thread who isn't wishing the same would happen , bitcoin and the foundation and the devs acting at their command ? |
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stompix
Legendary
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Activity: 2898
Merit: 6352
Blackjack.fun
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February 16, 2014, 09:51:53 PM |
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Next difficulty:
Estimated Next Difficulty: 3,130,529,329 (+19.42%)
Adjust time: After 22 Blocks, About 2.9 hours
Price will need to go up, else mining is dead also with ASICS...
Buying mining gear will be dead , not mining. The cost of running your already both mining gear is not that high to turn them off. |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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February 16, 2014, 09:52:48 PM |
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wind, precisely because these insanities are inevitable and noone could possibly control or prevent them is why I've become a speculator. The world is just fine. You just have to adjust.
Doesn't mean I can't be spiteful of those who carry the insanity, regardless of which kind.
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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February 16, 2014, 09:54:01 PM |
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You are a genius!!!!
better to be lucky than smart |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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February 16, 2014, 09:54:17 PM |
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Next difficulty:
Estimated Next Difficulty: 3,130,529,329 (+19.42%)
Adjust time: After 22 Blocks, About 2.9 hours
Price will need to go up, else mining is dead also with ASICS...
Buying mining gear will be dead , not mining. The cost of running your already both mining gear is not that high to turn them off. 2011 all over again. buy, guys. buy. I'm telling you. |
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