LFC_Bitcoin
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February 24, 2016, 12:56:05 PM |
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billyjoeallen still bearish? Close your shorts already. Don't be greedy. You will not get a better price anytime soon.
Cheap coins right now. We've had a pretty big correction or dump whichever you like to call it. No sign of sub 400 again though so if you're considering buying then don't.....just do it. Buy now or cry later.
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yugo23
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February 24, 2016, 12:57:22 PM |
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billyjoeallen still bearish? Close your shorts already. Don't be greedy. You will not get a better price anytime soon.
420 is not exactly what I would call cheap :-/
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bargainbin
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February 24, 2016, 12:59:58 PM |
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... Buy now or cry later.
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ChartBuddy
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February 24, 2016, 01:00:51 PM |
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yugo23
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February 24, 2016, 01:09:58 PM |
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I swear to god that if I can't get profit with my short I stop trading :p
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mainpmf
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February 24, 2016, 01:14:11 PM |
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I swear to god that if I can't get profit with my short I stop trading :p
Quoted for reference
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adamstgBit
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February 24, 2016, 02:00:26 PM |
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I swear to god that if I can't get profit with my short I stop trading :p
did you barrow coins to sell into the bear trap O_o?
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ChartBuddy
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February 24, 2016, 02:00:52 PM |
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Laosai
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February 24, 2016, 02:11:40 PM |
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I swear to god that if I can't get profit with my short I stop trading :p
did you barrow coins to sell into the bear trap O_o? Bah, price gonna crash! We'll test the 380 soon (guts talking here!)
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aztecminer
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February 24, 2016, 02:43:33 PM |
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years ago there was a manipulator with ~500,000Coins, he got #rect and so will this guy.
they rekt billyjoe shorts... i mean they killed kenny again . No, they didn't rek my hedge yet. A hedge is a bet you want to lose, like buying life insurance. well thats good. not sure why u would want to lose.. i have a similar strategy in which i maintain liquidity on an exchange .. they cannot come down or risk me buying .. like gravity.. and in some cases anti-gravity ... i think bitcoin is basically #paralyzed atm .. i expect things to stay this way until at the soonest obama no longer occupies the wh.
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aztecminer
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February 24, 2016, 02:46:10 PM |
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What is SUPPOSED to happen according to economic theory is that as quantity of money creation decreases (halvings), velocity of money (transactions) is supposed to go up to compensate, maintaining the balance of MV=PQ. This clearly cannot happen if scaling is slower than halvings.
Somebody please tell me the error of my thinking, or a slow liquidation becomes a serious consideration.
1) They don't effect the velocity (v). They effect the quantity (M). So because MV=PQ, a decrease in M MUST be compensated by a proportional increase in V in order for the equation to balance out. If it doesn't, then either price or quantity (or both) on the other side must adjust.
ok. I see where you're going wrong. The equation of exchange is a real identity. So you can actually put anything you like in for those variables, but when you do, you get a certain interpretation of the rest. In your first reference to it above, you used the money supply creation rate instead of the money supply. As a result, you're looking at a strange definition of 'velocity'. Yours is something like 'average number of transactions per CREATED money unit per unit time' - that's just plain weird. In the second reference you made above, you used a more normal M which gives a meaningful 'velocity' to discuss. But in this reference, you've continued the wrong idea about M from the first reference. There's no decrease in M as a result of halvings. Ok, that makes sense. Thank you. So let's look at M as meaning the full 21 million bitcoins ever to be mined. M is constant, but as we approach this limit, we also approach the V limit of 1GB blocks or whatever. At some point in the future around 2040 at the latest, there will be no more real movement on the left hand side of the equation, right? M really isn't constant though. one vote of consensus will change that M problem.
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Lutzow
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February 24, 2016, 02:57:51 PM |
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years ago there was a manipulator with ~500,000Coins, he got #rect and so will this guy.
they rekt billyjoe shorts... i mean they killed kenny again . No, they didn't rek my hedge yet. A hedge is a bet you want to lose, like buying life insurance. well thats good. not sure why u would want to lose.. i have a similar strategy in which i maintain liquidity on an exchange .. they cannot come down or risk me buying .. like gravity.. and in some cases anti-gravity ... i think bitcoin is basically #paralyzed atm .. i expect things to stay this way until at the soonest obama no longer occupies the wh. Well, it's moving up thanks to those who are thinking that they're getting cheap coins and preparing for halving which will happen so many weeks ago and in crypto world that's a loooong time for the price to vary.
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ChartBuddy
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February 24, 2016, 03:00:50 PM |
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aztecminer
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February 24, 2016, 03:01:24 PM |
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TA aside, i think it still looks good because the "conesens" looks like it'll hold up. I saw a comment from Gavin somewhere today saying somthing along the lines of "Classic will continue to be compatible with Core as they move forward with their plan", was i dreaming? idk.
I think a lot of poeple are thinking this consensus, isn't a consensus, because of a few loud morons ( ex Coinbase saying " we want 2MB and Then segwit , and not the other way around! ") which Makes it seem as tho this consensus will fall apart.
this is what this drop is about. but now it's over. now even these mistaken views have been priced in. I took advantage of the sellers today.
Core's consensus rules give loud morons veto power. It is Bitcoin consensus rule you moron. Neither Core nor Classic nor Blockstream nor Obama can do anything about it. since bitcoin is most likely ceated and controlled by the CIA, obama can do what he wants with bitcoin and there nothin u can do about it.
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aztecminer
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February 24, 2016, 03:07:52 PM |
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looks like a buy: Treated like real money = you can deposit them on a bank so that they can give you negative interest on your bitcoins lol... negative interest rates + banning cash: in their last acts of desperation to save their failing 'interest to infinity' debt slavery system.. that was a good one.. funny .
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bargainbin
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February 24, 2016, 03:12:19 PM |
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looks like a buy: Treated like real money = you can deposit them on a bank so that they can give you negative interest on your bitcoins lol... negative interest rates + banning cash: in their last acts of desperation to save their failing 'interest to infinity' debt slavery system.. that was a good one.. funny . U no wat's even funnier? Bitcoiners celebrating Bitcoin getting regulated, just like real money
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stiffbud
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February 24, 2016, 03:15:46 PM |
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The price has been falling since this week. Is it time to sell now? I was waiting for another pump but it seem I will not see any upward trend this week or te next one. I immediately regret not selling at $450
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aztecminer
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February 24, 2016, 03:18:10 PM |
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Let's see what the status of the apparatus is:
Mining is concentrated in a country known to nationalize businesses, be hostile towards Bitcoin and to manipulate currency.
Blocks are full and getting more fullerer.
Core is divided on scaling solutions, but won't do anything without near unanimity.
Etherium is threatening to overtake our firstmover advantage.
MtGox bankruptcy coins are going on the auction block probably in a few months.
Classic growth seems to have slowed or stopped.
So of course the market is going up. Makes sense.
if scaling issue is not resolved soon this price might crash again. i notice the blocks have been 97% 98% full most of the day as i read through this. what to do: 1. sell now in anticipation to buy back lower 2. HODL until fix is in and rebound to moon 3. wait.. HODL till breaks 300 then panic dump and then panic buy higher on the bull trap and then panic dump again . go for it.
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