podyx
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Activity: 2338
Merit: 1035
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January 12, 2015, 05:53:43 PM |
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"Great bullmarket". ROTFL.
And why would that happen kind sir? despair phase?
If there is no demand for bitcoin anymore now that the pump&dump is over and the world doesn't give a fuck about bitcoin anymore, why would that suddenly change? just because it did in the past before the actual bubble bursted?
And no it doesn't have to go to 0, it could slowly fall every week and slowly reach some stability at like $1 or something and be used by some small pocket pump&dumpers to take the lunch money out of the hands of some amateurs penny stock traders on a daily basis. Basically, obscurity.
And the process might be slow, so bitcoin will gradually waste your life.
That, or a crash right to 0 with al the order books are wiped out by early adopters and whales who will suddenly realize that their fortunes will be worth a few grand if they don't get out in time.
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 12, 2015, 05:54:24 PM |
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What can this mean for the Bitcoin network?  ? Depends on who you're asking. Let's see some examples: *snipforspace* How do you forget "the bear?" Bummer, the bear! Yeah. Shit  Probably because they're on my ignore list...!  |
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octaft
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January 12, 2015, 05:56:26 PM |
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 12, 2015, 05:58:23 PM |
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Not all of them... I enjoy unignoring that LambTroll from time to time to pick his fancy unicorn tail... I then ignore back, cause chineseposters "Thanks Obama" repetitive cheap crap. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 12, 2015, 06:00:06 PM |
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Bitfinex  Bitstamp  Explanation |
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Wekkel
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Activity: 3108
Merit: 1531
yes
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January 12, 2015, 06:00:55 PM |
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Dont worry. I Will sell my 10 Bitcoins tonight so the price can rise again.
Counter indicator.
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NotLambchop
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January 12, 2015, 06:12:04 PM |
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You don't understand. The whole thing was just an clumsy attempt to attract my attention, like an awkward teen lobbing spitballs at the girl he's crushing on. I tactfully tried to ignore his unseemly advances, hoping that rassling with inca for my affections would tire him out, but now it's starting to get a bit out of hand...  |
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inca
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Activity: 1176
Merit: 1000
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January 12, 2015, 06:20:00 PM |
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Small wall of 700 coins trying to hold 270 on finex.
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aztecminer
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Activity: 1092
Merit: 1000
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January 12, 2015, 06:23:51 PM |
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@Adam, you can go ahead and just delete this thread now. Failed experiment taken completely over by stupid sockpuppet troll accounts. No good information here anymore.
"No good information anymore" That would seem to imply that information during 2014 was... good? img]https://i.imgur.com/7u88F.gif[/img] For the first time, information is great! No longer do we have all the bulltards drawing lines on graphs and trying to convince everyone that we'll be back up to $1,000 soon. No longer do we have shills like reptilia tell us about the exponential trend line, or mental midgets posting photos of rocket ships and trains every day. "To the moon!"  Bitcoin is finally being exposed as a pump and dump, and people are beginning to realize that it's in the final stages before falling into obscurity. Accept that fact, and save yourself from further butt hurt. You do realize that for every day we go further down, the closer we get to a great bullmarket, right? Unless it was to fail and go to $0 of course but there are no signs of that. it seems like we must be at or very near bottom due to bitcoin barely dropping any when stamp almost stamped everyone. |
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luckygenough56
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Activity: 1526
Merit: 1012
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January 12, 2015, 06:25:23 PM |
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But...but...the fundamentals are good, bitcoin is still in its infancy guys !
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Sitarow
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Activity: 1792
Merit: 1047
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January 12, 2015, 06:25:57 PM |
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For those who may not yet know I have updated the daily estimated return for hardware type. Below are 3 sheets display btc value 300 usd to 250 usd and electric cost of 13c to 10c. BTC @ $300 usd and 0.13 kwh  BTC @ $300 usd and 0.10 kwh  BTC @ $250 usd and 0.10 kwh  Assuming that the mining hardware is paid off and they have no added overhead then profits are still to be had. However we are at a point that many miners will decide as to the usefulness of continued operations. . Edited for clarity. |
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NotLambchop
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January 12, 2015, 06:26:37 PM |
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...
it seems like we must be at or very near bottom due to bitcoin barely dropping any when stamp almost stamped everyone.
I was promised rockets soon as fiat hit exchanges on Monday. Oh well  |
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inca
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Activity: 1176
Merit: 1000
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January 12, 2015, 06:27:55 PM |
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Assuming that the mining hardware is paid off and have no added overhead than we are at a point that many miners will decide as to the usefulness of continued operations. .
Thank you. So should we expect more bear market until the unprofitable miners are out and the leaner big players are all that remains? Then the next pump? Edit: growing walls on both sides on finex. |
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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January 12, 2015, 06:36:15 PM |
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@Sitarow: are those spreadsheet public? If not, can you make one for 200$ level? Thanks, a hell of a work you did.
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aztecminer
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Activity: 1092
Merit: 1000
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January 12, 2015, 06:38:53 PM |
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But...but...the fundamentals are good, bitcoin is still in its infancy guys !
well yeah it seems that it is still in it's infancy. we are mining and bitcoin is developing. a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins when halving happens then will be less new coins every month . everyone probably be buying like crazy for halving. it seems like we should gained confidence after we almost got stamped and bitcoin barely moved down any. if it drops too much further we will all start frenzy buying them. it seems we are near or at the low. |
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NotHatinJustTrollin
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Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
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January 12, 2015, 06:43:35 PM |
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NotLambchop
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January 12, 2015, 06:43:45 PM |
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...
a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
... When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes You guys are logicians IRL, amirite? |
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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January 12, 2015, 06:48:15 PM |
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...
a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
... When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes You guys are logicians IRL, amirite? Before price hit 0.01 somebody will buy 50% of the bitcoin in existence, cornering the market. Then you'll see what a pump looks like  |
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macsga
Legendary
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 12, 2015, 06:49:11 PM |
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You don't understand. The whole thing was just an clumsy attempt to attract my attention, like an awkward teen lobbing spitballs at the girl he's crushing on. I tactfully tried to ignore his unseemly advances, hoping that rassling with inca for my affections would tire him out, but now it's starting to get a bit out of hand... ? |
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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January 12, 2015, 06:49:19 PM |
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...
a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
... When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes You guys are logicians IRL, amirite? like i said.. it seems we should have gained confidence after we almost got stamped and bitcoin barely moved down any. you had the perfect storm opportunity to crash bitcoin on down and yet here we are still uncrashed to 0... barely moved. i do not believe your scenario will happen before halving based upon this alone. |
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