600watt
Legendary
 Offline
Activity: 2338
Merit: 2106
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June 27, 2016, 07:41:07 AM |
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ready for an über-bullish article by former bitcoin ignorers? it made my day. those guys "have seen teh light"  http://seekingalpha.com/article/3984471-brexit-rebirth-bitcoinsome quotes, that make bitcoiners salivate: We have to admit that we didn't take Bitcoin seriously when it first hit the scene. Like many investors, we simply didn't understand it, ... Some speculate BTC could eventually reach $1 million: e are cognizant of that and have allocated our capital to BTC accordingly. ...Bitcoin is likely always to be the front runner and most sought out cryptocurrency in our lifetime comrades, we are winning!  |
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nioc
Legendary
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Activity: 1624
Merit: 1008
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June 27, 2016, 10:05:40 AM |
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The full quote is.... "But we're not there just yet. We also have to realize the risk of loss in BTC is 100%. We are cognizant of that and have allocated our capital to BTC accordingly."Yes but what is the percentage that it will lose 100%? I think it is too small to even consider. |
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spud21
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June 27, 2016, 10:31:19 AM |
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I see "The West" is doing jukes ... one is 5$ above China and one 3-5$ ... their impatience with China grows, I'm wondering when it will break?
One must fall. It's only a matter of time: there's plenty of instability in every fricking market and BTC is not any different. Too many big news lately that need to be digested. ... 1 Trillion buy/sell wall in place from both sides set by their Central Bank. Those rigging motherF'ers are keeping the price tight like a clammed up p ******... I understand having 1 trillion GBP to sell, but where do they find USD to buy 1 trillion GBP? Last time I checked their foreign reserves were something like a few hundred billion. I don't know, but the pound has had its second big crash in a week, and there are forecasts it could go down to $1.20. Bitcoin jumped up at the same time the pound crashed, and I doubt it's a coincidence. If the pound crashes further there could be further big jumps up for Bitcoin later this week.  |
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hv_
Legendary
Offline
Activity: 2506
Merit: 1055
Clean Code and Scale
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June 27, 2016, 11:16:56 AM |
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I see "The West" is doing jukes ... one is 5$ above China and one 3-5$ ... their impatience with China grows, I'm wondering when it will break?
One must fall. It's only a matter of time: there's plenty of instability in every fricking market and BTC is not any different. Too many big news lately that need to be digested. ... 1 Trillion buy/sell wall in place from both sides set by their Central Bank. Those rigging motherF'ers are keeping the price tight like a clammed up p ******... I understand having 1 trillion GBP to sell, but where do they find USD to buy 1 trillion GBP? Last time I checked their foreign reserves were something like a few hundred billion. I don't know, but the pound has had its second big crash in a week, and there are forecasts it could go down to $1.20. Bitcoin jumped up at the same time the pound crashed, and I doubt it's a coincidence. If the pound crashes further there could be further big jumps up for Bitcoin later this week. Look up how Banks stocks are falling - next bailouts coming in soon... Just cam into my mind: VW now tries to move to more e-cars they found out old Diesel is crap Banks now try more blockchain, found out old SWIFT,.... is crap. |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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June 27, 2016, 11:41:38 AM |
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Look up how Banks stocks are falling - next bailouts coming in soon... There will be no more bailouts, the next round is bail-ins ... the trap has been sprung. |
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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June 27, 2016, 11:49:55 AM |
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Look up how Banks stocks are falling - next bailouts coming in soon... There will be no more bailouts, the next round is bail-ins ... the trap has been sprung. You're right, this is the end of civilization as we know it. Brexit, Brits basically an heroed, GBP in the dumpster, and yet ...BTC another 2% down  BUY, you FOOLS!   |
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AmazonStuff
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June 27, 2016, 11:51:05 AM |
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Look up how Banks stocks are falling - next bailouts coming in soon... There will be no more bailouts, the next round is bail-ins ... the trap has been sprung. You're right, this is the end of civilization as we know it. Brexit, Brits basically an heroed, GBP in the dumpster, and yet ...BTC another 2% down BUY, you FOOLS! You forgot to say that CNY and EUR are also sliding down |
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AmazonStuff
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June 27, 2016, 12:02:14 PM |
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We will need this gif today, feel free to quote me later!  |
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InternationalBankAlliance
Newbie
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Activity: 46
Merit: 0
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June 27, 2016, 12:08:19 PM |
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I corrected this user: Bitcoin is the best performing currency this year. I think that's why people are choosing it.
My post got deleted. A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator.
Incorrect. The Coin Which Shall Not Be Named is the best preforming currency this year.
By far.
Doesn't even compare. Which, BTW, is an equally meaningless metric. Because Scratch tickets bought at Abdul's Bodega may be an even better currency this year, because he sold a million-dollar winner. Please don't think that buying scratch tickets from Abdul is a sound financial strategy -- it ain't. If not obvious, this is what leads to trolling: Red team posts a whopper, gets soundly rebuffed by Blue, and, instead of accepting defeat gracefully, Red deletes the 100% factually accurate retort. Blue team feels slighted, and resorts to equally underhanded measures "And so begins the twelfth year of my idiotic war. The pain of it! The stupidity!"--Grendel |
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hv_
Legendary
Offline
Activity: 2506
Merit: 1055
Clean Code and Scale
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June 27, 2016, 12:21:46 PM |
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TReano
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June 27, 2016, 01:06:38 PM |
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there was almost no reaction to the Brexit vote. All the disaster, crises hedge is just hope. Even thought the Market reacted dramatic to the Brexit vote, especially the Forex market had remarkable moves. But Bitcoin didn't really react to this major riskaversion move... I kinda feel disappointed in the end. The Trading Volume on loca bitcoins didn't even show any significant. https://bitcoincharts.com/markets/localbtcGBP.htmlThe Volume even decreased before/after the vote... This crash really looks like 2008 all over again. But it's just the beginning there is much more to come. |
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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June 27, 2016, 01:07:20 PM |
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nah.. that was all orchestrated by one guy on okcoin . |
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hv_
Legendary
Offline
Activity: 2506
Merit: 1055
Clean Code and Scale
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June 27, 2016, 02:08:17 PM |
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German 2nd biggest bank Commerzbank AG Market Cap dropped below BTC ....
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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June 27, 2016, 02:27:32 PM |
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Wow. Those Italian bank stocks - in need of some massive injection of ECB viagra right now.
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InternationalBankAlliance
Newbie
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Activity: 46
Merit: 0
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June 27, 2016, 02:29:40 PM |
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As usual: panic? Gold up, bitcoin user unaffected  *actually BTC is down, but I won't rub it in, because that would be mean. |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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June 27, 2016, 02:45:44 PM |
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Someone at that network is bagholding. |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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June 27, 2016, 03:02:20 PM |
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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June 27, 2016, 03:12:09 PM |
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This market hedge stuff is pure bullshit and you'd have to be a moron to believe it.
It does however plant a seed for the future in a few minds.
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