BTCtrader71
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January 02, 2017, 09:04:48 PM |
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my only question right now regards how much longer china can remain tolerant of people using bitcoin to get around the capital controls.
Good question. I've seen the argument put forth (Andreas perhaps?) that China will ultimately be unable to ban bitcoin, because enforcement takes place at the local level, and local police can be bribed. Imagine being a clandestine miner siphoning power illegally from a power plant in China, being told by a local enforcer you have to stop. Unless you give me half your bitcoin. Mined using free (stolen) electricity. What's gonna happen? The enforcer is going to HELP the miner steal the power. I'm not sayin' that a Chinese ban wouldn't be bad for the price, at least short term. I'm just sayin' ... bitcoin is too far out of Pandora's box to put back in place, and maybe, just maybe, the relevant Chinese PTB know this.
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Roccker
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January 02, 2017, 09:18:49 PM |
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Saw bitcoin-news-statement to the break of 1000 at cnn-app on my mobile, but now i don't find the article anymore.
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K~Ehleyr
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Ooh, shiny things!!
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January 02, 2017, 09:31:27 PM |
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Not much of a "dip" is it??
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starmman
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January 02, 2017, 09:36:32 PM |
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Not much of a "dip" is it?? Haha, I was away for a few hours and didn't notice the dip at all. the price still looks pretty bullish to me right now...
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Meuh6879
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January 02, 2017, 09:37:28 PM |
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Also new bitcoin client released
it's a RC1 from 2016-12-21.
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hulla
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January 02, 2017, 09:39:49 PM |
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Wow! This year going to be a great year for all bitcoiners cos I just checked the price now and what I saw was an awesome result in just 24hrs the price of bitcoin rise to $1009
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Meuh6879
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January 02, 2017, 09:40:02 PM |
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Also new bitcoin client released, should boost price.
new client boosting price? haha that's a good one. indeed.
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gembitz
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January 02, 2017, 09:56:12 PM |
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^what are we going straight up to $2000 now or should we wait? HODL !!!
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hulla
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January 02, 2017, 09:57:19 PM |
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Also new bitcoin client released, should boost price.
new client boosting price? haha that's a good one. indeed. No wonder and now I knew bitcoin is not just a coin cos I checked price acouplr of minutes and it $1009 but it now $1016. Gosh I'm so glad to be among this history in making and I love you bitcoin
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HI-TEC99
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January 02, 2017, 09:59:10 PM Last edit: January 04, 2017, 03:51:05 PM by HI-TEC99 |
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^what are we going straight up to $2000 now or should we wait? HODL !!!My guess is up to $1500 then a bit of a correction before higher. Disclaimer: My guesses are typically so bad that I gave up gambling on them. HODL
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arklan
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January 02, 2017, 10:01:39 PM |
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hey what are the big exchanges these days? i've been primarily watching bitstamp ever since the gox collapse.
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r0ach
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January 02, 2017, 10:03:26 PM Last edit: January 02, 2017, 10:15:57 PM by r0ach |
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It will be interesting to see what other people think about my gold/silver/bitcoin allocation tables.
I've always thought the FOA idea of revaluing gold at $55,000 was kind of absurd since India and the Arabs have so much of it. The west would just be transferring power to 3rd world nations.
If official figures are to be believed, then the US is actually in good shape with regards to your scenario. I've been collating figures over the last several years: All monetary gold: 33000 tonnes Us has actually 8133 tonnes ECB 10788 Russia 1500* China admits to 1823 tonnes (probably around 4000 total) UK 310 tons left IMF 2800 tonnes Figures are pretty sloppy, but from rough order of magnitude, the current monetary powers seem to roughly match gold holdings. Of course, nobody has seen inside Fort Knox for decades... The Indian government has only 600 tons, but the Indian public has....over 20,000 tons. Canada has basically zero gold, and their citizens also probably have little. So the FOA argument of revaluing gold to some astronomical number would definitely be transferring HUGE power from the 1st world to the 3rd world in a lot of ways. This is why I don't really see a gold hegemony as benefiting anyone that would actually be pulling the trigger on making it happen. If that actually happened, the R-selection giant mass of people in India would then all be rich and go from 1 billion to 4 billion people while the US and other nations have to export all their resources to them. Nobody at round table groups like the CFR wants to see a scenario like that of mass overpopulation and making India king of the world. A lot of people claim that since CBs hoard gold, that they will force gold hegemony in a monetary reset/recapitalization, but it just doesn't make sense in practice. If they went for a bimetallism approach, nobody actually owns large amounts of silver, and they could just acquire it for cheap to dilute the power of places like India's gold holdings if they were forced to use metals for recapitalization. It appears both JP Morgan (possibly acting as an agent of the govt) + China are currently acquiring huge amounts of silver as I talked about here: https://steemit.com/money/@r0achtheunsavory/if-there-s-any-plausible-conspiracy-involving-silver-and-bitcoin-this-is-itIt's also possible Bitcoin was released to accomplish this goal due to the problems of them recapitalizing using metals. The point is, to avoid a new dark ages, they will have to do some type of recapitalization event in a monetary reset that extinguishes debt, and the only real choices at play involve gold, silver, or bitcoin being used in some manner. Bitcoin doesn't seem quite uh, realistic to have the entire world monetary system run on it, but it's definitely one of those backup to a backup plan options. Metals seem like a much more realistic option, but they would either have to take all of India and random Arab nation's gold or go the bimetallism option I spoke of.
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ZoSo15
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January 02, 2017, 10:12:46 PM |
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hey what are the big exchanges these days? i've been primarily watching bitstamp ever since the gox collapse.
Okcoin and Huobi, really. Bitfinex lost a lot of market share after the hack, so there really isn't a dominant USD exchange anymore imo. So it's between finex, stamp, and gdax for usd. For futures, Okcoin. Bitmex is gaining some popularity. I don't actively watch it right now, but I feel like I will in the future. Need a few more monitors first. And one of those mount thingies to put them above my other monitors lmao. edits because i'm a drunk asshole
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HI-TEC99
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January 02, 2017, 10:20:35 PM |
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Not much of a "dip" is it?? Haha, I was away for a few hours and didn't notice the dip at all. the price still looks pretty bullish to me right now... On bitstamp it's only $19 below the high, it's already back up $23 from today's low. A $42 dip for today is just noise.
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gembitz
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January 02, 2017, 10:25:33 PM |
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Not much of a "dip" is it?? Haha, I was away for a few hours and didn't notice the dip at all. the price still looks pretty bullish to me right now... On bitstamp it's only $19 below the high, it's already back up $23 from today's low. A $42 dip for today is just noise. $200000+ dollar BTC possible!? ===> ~we are early to the party!
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energycr
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January 02, 2017, 10:29:13 PM |
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They do make it look like it was the Trump election that's what started the sudden rise and surge in the price. Right timing maybe. But they can't say it is because of it. Where is that Trump Coin again?
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Fakhoury
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Permabull Bitcoin Investor
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January 02, 2017, 10:55:42 PM |
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rjclarke2000
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January 02, 2017, 10:58:56 PM |
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1 hour video! Is there a section on btc I can skip to?
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BitcoinNewsMagazine
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January 02, 2017, 11:23:33 PM |
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Clif High is the same oddball prognosticator who predicted nuclear war in 2010. You may as well get investment advice from Rush Limbaugh. Take a look at his website at halfpasthuman.com.
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