Sitarow
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Activity: 1792
Merit: 1047
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February 10, 2015, 03:15:54 PM |
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http://bitforum.info/t/a-50-drop-in-cryptocurrency-transactions-this-year-is-imminent/226?u=angelo/"Juniper Research's recent report said that volume of the transactions made by cryptocurrency will be decreasing by 50% as we approach the end of 2015. Dr. Windsor Holden who authored the study, gave different factors as proof why he reached that conclusion. The study mentioned Dogecoin, Litecoin and Auroracoin for their strong 2014 start, but also cited a 5% value drop in dollars in the transactions they made on the same year. It was implied that these drops might reach 50% by the end of this year.Although big companies and leading retailers are now considers Bitcoin as a payment option, the report is still not on our side. According to the study, they believe that the cryptocurrency technology does not appeal to the "not-so-tech-savvy" people. This means, although big merchants and businesses are now accepting bitcoin, that will not solve the problem. To solve it, user adoption should increase as well. Dr. Holden further added more factors about the result of their research. For example, he doesn't believe that cryptocurrency regulation and licensed exchanges will not be of help in cryptocurrency's stabilize its economy because of the fact that people stay away from dealing with it because they feel unsecured, a result of the incidents that happened in Mt. Gox and Bitstamp...."      For example, he doesn't believe that cryptocurrency regulation and licensed exchanges will not be of help in cryptocurrency's stabilize its economy because of the fact that people stay away from dealing with it because they feel unsecured Idiotic. We are reliving historic moments. https://bitcointalk.org/index.php?topic=51859.0My favorite quote from 2011 lows.. My how wrong can a person be. To answer the question in the thread title...we're going all the way down. There simply is no reason for bitcoins to be worth more than a $1, no reason at all. Nagle has been right. When a bubble pops, it pops all the way, and in the case of bitcoin, there's no reason for a legitimate recovery on the horizon.
Why the "magical" $1. It seems everyone who is convinced that Bitcoin is overvalued is absolutely positive it is worth $1. Of course they have no data to support how much Bitcoin is overvalued nor how it is properly valued at $1. I mean why $1? Why not $0.10 or $0.01 or $0.001? Notice I didn't say bitcoin is or should be worth $1. I said there's no reason for it to be worth more than $1. It's probably going to be worth less in the coming months. |
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NotLambchop
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February 10, 2015, 03:22:11 PM |
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...
last year they predicted BTC would fall to $10.
... Hold tight, Tiger. We're getting there. |
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lolled
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February 10, 2015, 03:37:09 PM |
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...
last year they predicted BTC would fall to $10.
... Hold tight, Tiger. We're getting there. Nada, not in the next 100 years. |
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Sitarow
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Activity: 1792
Merit: 1047
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February 10, 2015, 03:37:25 PM
Last edit: February 10, 2015, 03:47:44 PM by Sitarow |
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...
last year they predicted BTC would fall to $10.
... Hold tight, Tiger. We're getting there. Nice slight of hand. Pump DRK and Lower BTC/USD. However the volume is lowering. Pump almost over just like PPC yesturday. 10:30AM EST 2015-2-10   |
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jaredboice
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February 10, 2015, 03:38:46 PM |
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 Imagine if you will, internet forum posters who claim Bitcoin is a waste of time, yet manage to waste all their time posting on an internet forum focused on that topic that they claim is a waste of time, all in an effort to try and convince others that it is a waste of time. |
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silverfuture
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Activity: 947
Merit: 1008
central banking = outdated protocol
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February 10, 2015, 03:44:30 PM |
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^ Wow, burn.  |
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madmat
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Activity: 966
Merit: 1000
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February 10, 2015, 03:44:54 PM |
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Imagine if you will, internet forum posters who claim Bitcoin is a waste of time, yet manage to waste all their time posting on an internet forum focused on that topic that they claim is a waste of time, all in an effort to try and convince others that it is a waste of time. Definitely a waste of time to read them  |
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abercrombie
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Activity: 1159
Merit: 1001
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February 10, 2015, 03:49:12 PM |
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If anything, I love this thread for the awesome animated Gifs. |
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NotLambchop
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February 10, 2015, 03:54:08 PM |
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^ Wow, burn. You & jaredboice are kindred spirits   |
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jaredboice
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February 10, 2015, 03:58:22 PM |
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 Look! There he is again! Observe the Troll in his natural habitat, wasting all his time posting on a bitcoin forum trying to convince everyone what a waste of time it is. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 10, 2015, 03:59:54 PM |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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February 10, 2015, 04:00:10 PM |
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7 days until the Euro crashes. Can't wait.
I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. What non-senses are you people writing here? What Gov't shutdown? Bank-run?!? I have a feeling you know the situation as you are from Mars. There's 0 chance of Government shutdown, they have a brand new Gov't less then a month old which got elected with massive support announcing that it will do exactly what it is doing now. If Greece leaves the Euro-zone it will be better both for the Greece and the Euro. Greece is out of money because the fools who got elected promised tax breaks and the fools who elected them stopped paying their taxes, hoping to get a better deal. So now it's not just the banks that are out of cash, but the government as well. |
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NotLambchop
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February 10, 2015, 04:06:09 PM |
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All you need to kNOw.  |
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hdbuck
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Activity: 1260
Merit: 1002
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February 10, 2015, 04:12:15 PM |
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...
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jaredboice
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February 10, 2015, 04:13:32 PM |
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Just imagining the millions of things I could be doing if I didn't believe in Bitcoin. #1 on the list is Not wasting my time in a Bitcoin forum.But that's just a hypothetical scenario. I'm going to go count my Bitcoins now |
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NotLambchop
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February 10, 2015, 04:17:22 PM |
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Just imagining the millions of things I could be doing if I didn't believe in Bitcoin...
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Brewins
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Activity: 1120
Merit: 1000
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February 10, 2015, 04:19:18 PM |
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Just imagining the millions of things I could be doing if I didn't believe in Bitcoin. #1 on the list is Not wasting my time in a Bitcoin forum.But that's just a hypothetical scenario. I'm going to go count my Bitcoins now I put making money with BTC as number 1 then just dont think about it anymore |
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GreekBitcoin
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Activity: 1428
Merit: 1001
getmonero.org
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February 10, 2015, 04:21:03 PM |
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7 days until the Euro crashes. Can't wait.
I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. What non-senses are you people writing here? What Gov't shutdown? Bank-run?!? I have a feeling you know the situation as you are from Mars. There's 0 chance of Government shutdown, they have a brand new Gov't less then a month old which got elected with massive support announcing that it will do exactly what it is doing now. If Greece leaves the Euro-zone it will be better both for the Greece and the Euro. Greece is out of money because the fools who got elected promised tax breaks and the fools who elected them stopped paying their taxes, hoping to get a better deal. So now it's not just the banks that are out of cash, but the government as well. >>Politics and economics pro right there |
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jaredboice
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February 10, 2015, 04:22:59 PM |
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Wondering how many posts per day NotLambchop makes...as he is someone who claims Bitcoin is a waste of time.
has anyone ever counted? Should be pretty easy just to glance at his posting history and come up with an approximate daily average
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empowering
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Activity: 1078
Merit: 1441
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February 10, 2015, 04:24:37 PM |
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