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Wary
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February 01, 2015, 12:09:19 AM |
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... velocity of money ... What's interesting about money velocity is it's range. Average time bitcoin is held can vary from 10 minutes (confirmation time) to 20 years (retirement money), that is in million times. That is if bitcoin perception in user's mind changes from "hot potato" to "gold", it price will increase million-fold. |
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Eamorr
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February 01, 2015, 12:12:06 AM |
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Just bought more at 216. I don't worry.  funny enough for some reason that was a buy in point i picked as well  still wouldn't mind further drops Madness is contagious. |
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rumpey
Member
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Activity: 68
Merit: 10
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February 01, 2015, 12:12:34 AM |
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Just bought more at 216. I don't worry. funny enough for some reason that was a buy in point i picked as well still wouldn't mind further drops Put a stop loss on in case of further drops. |
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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February 01, 2015, 12:15:27 AM |
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buy orders at 136
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dreamspark
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February 01, 2015, 12:20:23 AM |
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Someone borrowed 4k to dump into that wall on Finex.
Gotta buy em back at some point.
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camolist
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February 01, 2015, 12:25:49 AM |
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Someone borrowed 4k to dump into that wall on Finex.
Gotta buy em back at some point.
hmm was going to ask for a source but 602.22 Flash Return Rate (current: 0.0176%) was at 4900 coins last i seen so someone(s) sure did borrow a ton of coins recently |
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dreamspark
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February 01, 2015, 12:28:19 AM |
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Someone borrowed 4k to dump into that wall on Finex.
Gotta buy em back at some point.
hmm was going to ask for a source but 602.22 Flash Return Rate (current: 0.0176%) was at 4900 coins last i seen so someone(s) sure did borrow a ton of coins recently |
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barbs
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February 01, 2015, 12:28:28 AM |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 01, 2015, 12:31:10 AM |
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Someone borrowed 4k to dump into that wall on Finex.
Gotta buy em back at some point.
hmm was going to ask for a source but 602.22 Flash Return Rate (current: 0.0176%) was at 4900 coins last i seen so someone(s) sure did borrow a ton of coins recently Longs are down. I think it was like 15,250,xxx 12 hrs ago |
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mestar
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February 01, 2015, 12:33:47 AM |
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I have noticed too. In fact, nothing in the real world seems to be relevant to bitcoin price.
You hit the nail on the head. Bitcoin is all about mining and speculation. The equilibrium is reached when when the amount of fresh cash for speculation equals the amount paid for the electricity by miners. |
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Venusianism
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February 01, 2015, 12:36:55 AM |
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KK guys y'ready? Put on your Depends & get primed for that sweet ~$120-137 all-in leveraged buy on 'Finex/BTC.SX, it's gonna be =BROWN= <3
Just a few days more, or maybe a couple weeks of sideways around $180-200 first.
Also, ^post above me speaks truth.
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Eamorr
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February 01, 2015, 12:37:37 AM |
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 I guess we could always lower the difficulty (again)? |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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February 01, 2015, 12:39:48 AM |
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Shorts up another 5k to 19,000. Didnt take long for those to pile on. It is going to take a few more skinnings to make people afraid to short btc.
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 01, 2015, 12:42:56 AM |
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I guess we could always lower the difficulty (again)? Difficulty won't drop as fast as you think |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 01, 2015, 12:43:54 AM |
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Shorts up another 5k to 19,000. Didnt take long for those to pile on. It is going to take a few more skinnings to make people afraid to short btc.
Almost 20k actually |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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February 01, 2015, 12:43:57 AM |
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Shorts up another 5k to 19,000. Didnt take long for those to pile on. It is going to take a few more skinnings to make people afraid to short btc.
Hope they don't trade with leverage. |
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mestar
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February 01, 2015, 12:47:52 AM |
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Noob question. Is there a way for one to somehow value this instrument for market vs intrinsic value..
If you value it by expected future cash flow, you get an easy answer: zero. So, Bitcoin is in a same situation as all the other fiats in the world. And it's a little bit worse. If Bitcoin was a currency of a small country, all the inflation would be happening outside of the country, and it would be guaranteed to hit the exchanges and influence the exchange rate, pushing it down. We know this because miners must pay running costs in other currencies, so all those costs must go trough the exchanges. In this model, exports from Bitcoin country would be speculative buying, or buying to use Bitcoins. The size of influence of this "inflation as imports" model depends on the depths of orderbooks on bitcoin to fiat exchanges. So, once the speculative buying stops, Bitcoin has nowhere to go but down, as all the existing bids on the exchanges are eaten and ultimately converted into excess heat. |
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barbs
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February 01, 2015, 12:47:59 AM |
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GAME OVER MAN
GAME OVER
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kodtycoon
Legendary
Offline
Activity: 1568
Merit: 1002
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February 01, 2015, 12:50:42 AM |
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just spent 10$ in bitcoin.. .. .. .. .. aaaaaaand iv earned it back... |
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