maker88
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January 21, 2017, 01:50:23 PM |
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Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's? Huobi used to have a higher price during the run to 1100+ too, and with a bigger gap than now Maybe it is just things getting back to usualYou consider the run to 1100+ as the usual? ^^ I'm a bit afraid of this "usual"... I'd like to see the price stable for a bit. Of course on the rise is good to but stable is better! You can't possibly cosnider price stability to be "the usual" for bitcoin, so the run up is a lot more usual than that. Volatility is the name of the game in Bitcoin and has been the whole time.
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conspirosphere.tk
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Bitcoin is antisemitic
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January 21, 2017, 03:28:37 PM |
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New BTC logo: DOOM!
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K~Ehleyr
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Ooh, shiny things!!
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January 21, 2017, 03:53:40 PM |
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Nicked! Thanks
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Torque
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January 21, 2017, 04:23:33 PM |
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Any thoughts on when we'll be solidly north of $1000 again? By that I mean a $1K floor forming.
My original thought was June or July-ish, but now I'm starting to think April timeframe.
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Okurkabinladin
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January 21, 2017, 04:34:18 PM |
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We wont see 1000USD/BTC "floor" anytime soon.
Remember, last bubble? How many predicted that BTC will actually go down from 1100 to well below 200 a piece? So, for next couple of years I am sceptical, that Bitcoin can leap and stay over 1000 dollars indefinitely.
Ten years down the road? Sure.
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JimboToronto
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You're never too old to think young.
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January 21, 2017, 04:48:13 PM |
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Good AM Bitcoinland. Still holding last night's small gains... currently $925USD (Bitcoinaverage). Slowly creeping back up from the foolish little PBOC panic earlier this month. Maybe we'll see $1000 again before February. Meanwhile We're at $1234CAD. Take note all those interested in pseudoscience like numerology, technical analysis, astrology, etc.
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craked5
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January 21, 2017, 05:38:49 PM |
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We wont see 1000USD/BTC "floor" anytime soon.
Remember, last bubble? How many predicted that BTC will actually go down from 1100 to well below 200 a piece? So, for next couple of years I am sceptical, that Bitcoin can leap and stay over 1000 dollars indefinitely.
Ten years down the road? Sure.
Well I completely agree with how difficult 1k$ floor is to reach. But on a bright side there already was another little buble just a few days ago... And we already backed it! So... Well maybe it won't happen. Maybe next time will be the good one. Or at least see a "crash" so low it's not really a crash ^^
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wutizurkwest
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January 21, 2017, 06:08:12 PM |
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Price has resumed the average growth rate from Dec 20 to the drop (higher sloped lines). If the long term trend (lower slope) holds, we'll be permanently above $1000 this summer.
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Torque
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January 21, 2017, 06:09:49 PM |
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We wont see 1000USD/BTC "floor" anytime soon.
Remember, last bubble? How many predicted that BTC will actually go down from 1100 to well below 200 a piece? So, for next couple of years I am sceptical, that Bitcoin can leap and stay over 1000 dollars indefinitely.
Ten years down the road? Sure.
We will see a $1K floor form this year for sure. I will be glad to bring up this post again at the end of the year and remind you of your lack of vision.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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January 21, 2017, 06:26:26 PM |
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It figures. Just spent 1.66btc for a $1500 pocket watch chain (what can I say, I like gold shiny things) so of course the price will now go up. At $1500 I'll grab a Patek Phillippe quarter repeater, then the price will go to the moon.
So bid it up to $1500 so I can dump more coin and everyone else can profit.
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criptix
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January 21, 2017, 06:48:51 PM |
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A cryptocurrency which is fully controlled by a nation state is just a national currency. And banks do the job good and cheap enough for fiat transfers.
There wont be any chinacoin...
There will, and it's a terrifying idea in the hands of a country that is perfectly at home practising wide-scale internet surveillance and censorship. Why would they need a crypto for it if they can do the same with less expenses? If you look at capital controls, aml, kyc it will only get worst and china has much more play room then western democracies in this regard. I can only imagine a chinacoin if it is a undercover operation by the chinese government where they have full control in secret.
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egghead123
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January 21, 2017, 06:49:10 PM |
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4 hour and daily chart taken again today(Daily chart in this case shows forecast over approx 14 days) with the forecast/prediction shown using the candles (green = bull/red=bear).Pink line is the projected mean average price.Realtime price stops at broken vertical gold line and then the neural simulated price begins using the green/red candles and pink line.Trend is indicated at the bottom of each chart and anything below 70% is unreliable.Trend looks positive. BTCUSD, H4, 2017.01.21 BTCUSD, D1, 2017.01.21
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prophetx
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he who has the gold makes the rules
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January 21, 2017, 09:57:09 PM |
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A cryptocurrency which is fully controlled by a nation state is just a national currency. And banks do the job good and cheap enough for fiat transfers.
There wont be any chinacoin...
There will, and it's a terrifying idea in the hands of a country that is perfectly at home practising wide-scale internet surveillance and censorship. Why would they need a crypto for it if they can do the same with less expenses? If you look at capital controls, aml, kyc it will only get worst and china has much more play room then western democracies in this regard. I can only imagine a chinacoin if it is a undercover operation by the chinese government where they have full control in secret. actually it would be interesting to see a state actor implement a fractional reserve type coin
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mymenace
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Smile
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January 21, 2017, 10:10:06 PM |
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A cryptocurrency which is fully controlled by a nation state is just a national currency. And banks do the job good and cheap enough for fiat transfers.
There wont be any chinacoin...
There will, and it's a terrifying idea in the hands of a country that is perfectly at home practising wide-scale internet surveillance and censorship. Why would they need a crypto for it if they can do the same with less expenses? If you look at capital controls, aml, kyc it will only get worst and china has much more play room then western democracies in this regard. I can only imagine a chinacoin if it is a undercover operation by the chinese government where they have full control in secret. actually it would be interesting to see a state actor implement a fractional reserve type coin all Fiat will be on the bank developed blockchains soon http://www.reuters.com/article/us-tech-blockchain-ibm-idUSKCN11Y28Dhttp://fortune.com/2016/09/28/blockchain-banks-2017/
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Holliday
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January 21, 2017, 10:38:05 PM |
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actually it would be interesting to see a state actor implement a fractional reserve type coin
You can do fractional reserve with Bitcoin. You deposit 100 coins in the bank. The bank loans out 90 of your coins. Voila, fractional reserve.
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kurious
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January 21, 2017, 10:46:18 PM |
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actually it would be interesting to see a state actor implement a fractional reserve type coin
You can do fractional reserve with Bitcoin. You deposit 100 coins in the bank. The bank loans out 90 of your coins. Voila, fractional reserve. Of course - but with a visible blockchain - you can see where they are and they can't lend them out twice which is what they currently do. It's why they want their own blockchain, they can't get away with as much. EDIT: with fiat as it stands you put $100 in, they lend $3000 out. THAT is fractional reserve
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JayJuanGee
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Online
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Self-Custody is a right. Say no to"Non-custodial"
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January 21, 2017, 10:57:07 PM |
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actually it would be interesting to see a state actor implement a fractional reserve type coin
You can do fractional reserve with Bitcoin. You deposit 100 coins in the bank. The bank loans out 90 of your coins. Voila, fractional reserve. Of course - but with a visible blockchain - you can see where they are and they can't lend them out twice which is what they currently do. It's why they want their own blockchain, they can't get away with as much. EDIT: with fiat as it stands you put $100 in, they lend $3000 out. THAT is fractional reserve Seems as if you are attempting to create a distinction that in current practice is without a meaningful difference, no? Whether it is a bank or an exchange or whatever, these guys are not currently mandated to any kind of auditing or transparency. We cannot really determine for sure whether they have 100% of the coins of their depositors or 10% or some other clear and unambiguous number. Sure there are some abilities to trace, but if the third party moves the coins around multiple times, we cannot be sure that they own the control over those coins or whether they loaned them out to someone else, right? viola.. fractional reserves, no?
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Holliday
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January 21, 2017, 11:00:00 PM |
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actually it would be interesting to see a state actor implement a fractional reserve type coin
You can do fractional reserve with Bitcoin. You deposit 100 coins in the bank. The bank loans out 90 of your coins. Voila, fractional reserve. Of course - but with a visible blockchain - you can see where they are and they can't lend them out twice which is what they currently do. It's why they want their own blockchain, they can't get away with as much. EDIT: with fiat as it stands you put $100 in, they lend $3000 out. THAT is fractional reserve Each bank is required to have a certain reserve. I do believe it's commonly 10% of the deposit. The idea is that the person who borrowed those 90 coins can then deposit them at another bank. That bank can then loan out 90% of those 90 coins. This is how bank money is "created". Of course it's also destroyed once those loans are paid. This would also be entirely possible with Bitcoin. The reason fraction reserve is an issue in the existing banking system is due to how the bank tracks it's assets while engaging in fractional reserve and the ability to exchange those assets with the Fed for Fed money. It's been a while since I've read up on it so I can't provide every detail. Edit: As long as you don't have a Fed that acts as a lender of last resort, the system would be self-correcting in that Banks who can't manage their assets properly would end up going out of business, probably due to a bank run. Helicopter money, however, leads to extreme malinvestment and creates the large bubbles and crashes that we are all familiar with. The taxpayer is held accountable, while the bad actors get rich.
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600watt
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January 21, 2017, 11:10:22 PM |
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actually it would be interesting to see a state actor implement a fractional reserve type coin
You can do fractional reserve with Bitcoin. You deposit 100 coins in the bank. The bank loans out 90 of your coins. Voila, fractional reserve. Of course - but with a visible blockchain - you can see where they are and they can't lend them out twice which is what they currently do. It's why they want their own blockchain, they can't get away with as much. EDIT: with fiat as it stands you put $100 in, they lend $3000 out. THAT is fractional reserve Each bank is required to have a certain reserve. I do believe it's commonly 10% of the deposit. The idea is that the person who borrowed those 90 coins can then deposit them at another bank. That bank can then loan out 90% of those 90 coins. This is how bank money is "created". Of course it's also destroyed once those loans are paid. This would also be entirely possible with Bitcoin. The reason fraction reserve is an issue in the existing banking system is due to how the bank tracks it's assets while engaging in fractional reserve and the ability to exchange those assets with the Fed for Fed money. It's been a while since I've read up on it so I can't provide every detail. when a bank loans money they just write it on some balance sheet. they literally create the loan out of thin air. that is why money is debt. it can only be debt, because it was created to be debt. that is why it is called fiat money. of all the money deposited by its customers banks in my country are said to keep 2% as a reserve. when 3 out of 100 customers demand their deposit in cash (bank run) the bank goes belly up.
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