ssmc2
Legendary
Activity: 2002
Merit: 1040
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February 19, 2015, 02:19:39 PM |
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Bitcoin all over CNN right now.
"But it's not backed by anything, it's not like it's backed by gold like the dollar (USD)"
Ummmm since when has the dollar been backed by gold?
Haha yeah just saw that myself. You'd be surprised how many of the general US public are under that assumption. |
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aztecminer
Legendary
Activity: 1092
Merit: 1000
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February 19, 2015, 02:25:46 PM |
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Bitcoin all over CNN right now.
"But it's not backed by anything, it's not like it's backed by gold like the dollar (USD)"
Ummmm since when has the dollar been backed by gold?
in gold we trust .. |
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BrewCrewFan
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February 19, 2015, 02:32:45 PM |
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Bitcoin all over CNN right now.
"But it's not backed by anything, it's not like it's backed by gold like the dollar (USD)"
Ummmm since when has the dollar been backed by gold?
Its CNN, the water carrier of big government. I take what they say there as a grain of salt. |
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BrewCrewFan
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February 19, 2015, 02:33:47 PM |
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Bitcoin all over CNN right now.
"But it's not backed by anything, it's not like it's backed by gold like the dollar (USD)"
Ummmm since when has the dollar been backed by gold?
Haha yeah just saw that myself. You'd be surprised how many of the general US public are under that assumption. 1/3 of the us population when surveyed thinks the sun rotates around the earth... that right there will show you how much the knowledge of the population in the US has declined. |
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bad trader
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February 19, 2015, 02:36:53 PM |
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The tradebots have been defending their trend line. Will they switch to dump mode soon?  |
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NotLambchop
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February 19, 2015, 02:45:17 PM |
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"Bitcoin is backed by the inherent stupidity of those who are dumb enough to take it seriously"--Satoshi Nakamoto, The Bitcoin Whitepower Paper.
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ChuckBuck
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February 19, 2015, 02:48:48 PM |
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"Bitcoin is backed by the inherent stupidity of those who are dumb enough to take it seriously"--Satoshi Nakamoto, The Bitcoin Whitepower Paper.
That devil Satoshi, I knew he was pulling all of our legs!  That's it, I give up, selling all my 300 BTC shortly...  |
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podyx
Legendary
Activity: 2338
Merit: 1035
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February 19, 2015, 02:53:48 PM |
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Shorts going up are bullish or bearish?
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billyjoeallen
Legendary
Activity: 1106
Merit: 1007
Hide your women
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February 19, 2015, 02:56:39 PM |
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CNN is promoting the Morgan Spurlock feature that airs tonight. The "Supersize Me" guy who tried to live on McDonald's food is attempting to live on bitcoin.
I think this is a good thing. There is no such thing as bad publicity. The worst crime is not being infamous. The worst crime is being irrelevant.
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 19, 2015, 02:59:38 PM |
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billyjoeallen
Legendary
Activity: 1106
Merit: 1007
Hide your women
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February 19, 2015, 03:00:11 PM |
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Shorts going up are bullish or bearish?
Bullish. Big money and people like me following them are waiting for ~25K shorts before we crank up the big pumps for a squeeze to $350. |
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NotLambchop
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February 19, 2015, 03:04:59 PM |
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Shorts going up are bullish or bearish?
Bullish. Big money and people like me following them are waiting for ~25K shorts before we crank up the big pumps for a squeeze to $350. Please no! I'm scared   |
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YourMother
Legendary
Activity: 1281
Merit: 1046
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February 19, 2015, 03:08:29 PM |
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...[JorgeStolfi ] actually posts good stuff with good arguments... ...and that's his greatest fail. A shrewd educator doesn't reason with lab animals. Powerful electrical shock is the sole & uniquely effective approach to Bitcoiner education. This maxim was scientifically proven by Messrs Pavlov, NotLambchop, et al.  This is how i will feed my broke bitcoiners when this pyramid scam invented by an invisible japanese troll that premined 1 million tokens will collapse to ground zero.  |
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empowering
Legendary
Activity: 1092
Merit: 1442
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February 19, 2015, 03:09:25 PM |
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billyjoeallen
Legendary
Activity: 1106
Merit: 1007
Hide your women
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February 19, 2015, 03:11:44 PM |
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Shorts going up are bullish or bearish?
Bullish. Big money and people like me following them are waiting for ~25K shorts before we crank up the big pumps for a squeeze to $350. Please no! I'm scared It doesn't matter if you are scared. It matters if you are leveraged. |
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NotHatinJustTrollin
Full Member
Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
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February 19, 2015, 03:19:26 PM |
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aztecminer
Legendary
Activity: 1092
Merit: 1000
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February 19, 2015, 03:20:48 PM |
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 i think we going to get 'chinese miner dumped' on before we get short squeezed . |
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klondike_bar
Legendary
Activity: 2184
Merit: 1005
ASIC Wannabe
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February 19, 2015, 03:23:27 PM |
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Shorts going up are bullish or bearish?
Bullish. Big money and people like me following them are waiting for ~25K shorts before we crank up the big pumps for a squeeze to $350. Please no! I'm scared IMO it can go either way. On one hand, a high number of shorts indicates a lot of bearish mindsets. On the other hand, an upward move of 5-10% is typically sufficient to cause a lot of shorts to cover or close, and that can make the upwards move even more drastic. personally, i think we are headed upwards for here, its time to move back into the 280-320 region where there was resistance last month. I really doubt we will see <$200 again with the fundamentals of the blockchain and the hashrate where they are |
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empowering
Legendary
Activity: 1092
Merit: 1442
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February 19, 2015, 03:28:02 PM |
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NotLambchop
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February 19, 2015, 03:30:01 PM |
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...I really doubt we will see <$200 again with the fundamentals of the blockchain and the hashrate where they are
Blockchain fundamentals haven't changed since its inception--still in Beta after 6 years*  Hashrate is driven by the price, not the other way around. *Though some patches cludges hardforks are proposed. |
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