Torque
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Activity: 3542
Merit: 5039
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July 10, 2017, 12:57:52 AM |
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Relatively speaking, trading volume feels so anemic though. It's like the bots are just on auto, traders still on vacation.  |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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leowonderful
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Activity: 1624
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Bitcoin FTW!
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July 10, 2017, 01:04:15 AM |
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Relatively speaking, trading volume feels so anemic though. It's like the bots are just on auto, traders still on vacation. Guys are holding on until past or during Aug 1st for the real action. What happens now is nothing. Sure, it's not fun, but it's understandable traders aren't doing much these days. |
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d_eddie
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Activity: 2478
Merit: 2895
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July 10, 2017, 01:18:34 AM |
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I don't even know what a wall is and I've been lurking since 2013 and joined in 2014. I just come here for the gifs and memes.
Great to have this thread back again. +1 But kitten pics are too few! Also, I'm interested in real content pearls emerging from the noisy chatter. Happy to see the thread back on its feet. I'm a long-time lurker too, just joined a few weeks ago. Kraken just verified my account to Tier 2. It took them less than 2 months. Not bad, eh? They must have very little to do these days. As for the "what's gonna happen" poll, I can't vote cuz I'm a newbie, but my guess is we'll see some slight upward action sooner than August (say high 2600s to low 2700s), then maybe some more sideways motion or even a slight but significant dip as big money hone their swords. Then in August, I don't think we're really going to the moon, but I'm expecting 3k-3.5k when the dust settles (late Aug/early Sep). |
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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July 10, 2017, 01:28:58 AM |
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I would say this is the calm before the storm.
I suspect that as Aug 1st gets closer people will have itchy trigger fingers on both sides of the aisle sending the price all over the place.
Though detaching the price from any known position does tend to send it upwards to higher rates. Of course followed by several crashes, etc.
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marcus_of_augustus
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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July 10, 2017, 02:37:12 AM
Last edit: July 10, 2017, 03:00:48 AM by marcus_of_augustus |
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August 1 might be interesting from bitcoin specific viewpoint but I tend to think it may be something of an anti-climax either way it goes. August 21 is the one I have penciled in my diary ... Black Moon Total Eclipse with a Path of Totality that passes over much of the continental USA, I think it goes without saying that many dipshit americans will predictably lose their shit and the usual suspects will over-react, including financial markets. Interestingly, the path of totality passes very close to the Yellowstone Super-volcano that has shown some signs of increased activity lately (with earlier close passes of the moon obstruction?). The massive size of the magma plume that lies beneath Yellowstone maybe large enough to incur tidal force perturbations due to the solar eclipse, significant enough to cause rumblings from the beast within the Earth. And then there is the possibility of anomalous gravitational forces (or torques) at work during Total Solar Eclipses, that have been partially recorded in past experiments but never rigorously verified or comprehensively explained, coming into play ... Allais EffectPopping the cork on a Super-volcano would start a huge party. |
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Torque
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Activity: 3542
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July 10, 2017, 03:12:00 AM |
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And then there is the possibility of anomalous gravitational forces (or torques) ...
You rang?  Popping the cork on a Super-volcano would start a huge party.
So I take it you don't live within the 1000 mile blast radius of death then. Won't be a fun time for anyone on earth within 2-3 months though as the smoke and ash completely blots out the sun... |
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forzendiablo
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Activity: 1526
Merit: 1000
the grandpa of cryptos
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July 10, 2017, 03:13:47 AM |
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august 1 will make price dump, no matter what. just we will see later who was the smarter one  LTC may be the final winner... |
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FractalUniverse
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July 10, 2017, 05:32:31 AM |
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I don't even know what a wall is and I've been lurking since 2013 and joined in 2014. the walls are not what they used to be in the times when Gox was having 80% of the market +1
But kitten pics are too few!
 Popping the cork on a Super-volcano would start a huge party.
and following years of nuclear winter would be true test for bitcoin I wanted to choose 2 options in the poll but its not possible. so i picked Continue sideways, then fall on Aug. 1. I see it with the the same probability as Rise, then drop on Aug. 1. |
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sammy007
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Activity: 1904
Merit: 1003
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July 10, 2017, 06:04:40 AM
Last edit: July 10, 2017, 06:23:18 AM by sammy007 |
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Hello, after trying to understand all the upcoming shit, segwit, segwitx2, BU, and tons of other shit I have found that segwit + 20 mb.!!11 2.5 min. blocks is pretty hilarious and already there https://www.cryptopia.co.nz/Exchange/?market=BTX_BTC (nuclear PoW change also included). With its on chain scaling I can buy condoms every evening, let the Universe store this transactions in everlasting ledger! Let's make bets if it will overtake any of alts produced by upcoming shitforks? My bet is that BTX will be equal to core and BU will be a winner (unfortunately scammers always win in this space). Remember July/August, the day bitcoin died. All parties made a lot of efforts for that to happen. |
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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July 10, 2017, 06:36:42 AM |
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Hello, after trying to understand all the upcoming shit, segwit, segwitx2, BU, and tons of other shit I have found that segwit + 20 mb.!!11 2.5 min. blocks is pretty hilarious and already there https://www.cryptopia.co.nz/Exchange/?market=BTX_BTC (nuclear PoW change also included). With its on chain scaling I can buy condoms every evening, let the Universe store this transactions in everlasting ledger! Let's make bets if it will overtake any of alts produced by upcoming shitforks? My bet is that BTX will be equal to core and BU will be a winner (unfortunately scammers always win in this space). Remember July/August, the day bitcoin died. All parties made a lot of efforts for that to happen.WTF did I just read? Not sure I get your sense of humor, but good try though. This thread wouldn't be what it is without some amount of trolling. If your BET is serious I am sure we could work it out... with some escrow of course. I would only accept payment in BTC in case I win, your BTX are completely useless to me. |
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sammy007
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Activity: 1904
Merit: 1003
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July 10, 2017, 06:39:11 AM |
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WTF did I just read?
Not sure I get your sense of humor, but good try though. This thread wouldn't be what it is without some amount of trolling.
If your BET is serious I am sure we could work it out... with some escrow of course. I would only accept payment in BTC in case I win, your BTX are completely useless to me.
Bet is fun. No need to pledge something, we either lose or win this month. |
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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July 10, 2017, 07:03:06 AM |
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WTF did I just read?
Not sure I get your sense of humor, but good try though. This thread wouldn't be what it is without some amount of trolling.
If your BET is serious I am sure we could work it out... with some escrow of course. I would only accept payment in BTC in case I win, your BTX are completely useless to me.
Bet is fun. No need to pledge something, we either lose or win this month. Ok. Anyway, my "bet" is on everything will finally go smoothly with no catastrophic forks or anything like that. Miners (major ones) are risking way more money than anyone else here, so I expect common sense will prevail. Also, if you were considering some sort of hedge against potential "political" troubles in BTC, let me tell you that BTX would not be the best choice even for that. Last thing, if Bitcoin had a major crash every ALT would probably have a bigger one. It would be a catastrophic event for the entire cryptocurrencies ecosystem. |
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Meuh6879
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July 10, 2017, 07:28:26 AM |
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traders still on vacation. Confirmed.  |
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starmman
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Activity: 1484
Merit: 1029
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July 10, 2017, 11:35:48 AM |
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That is a lot of money. My money is on sideways, then moon September - December.
I agree with you - I can't see the price going out of the 2300-2800 range until after august - looks like there is more pressure on the alts right now, will be intersting to see if they retrace to their pre May levels. |
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hv_
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Activity: 2506
Merit: 1055
Clean Code and Scale
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July 10, 2017, 12:09:16 PM |
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bitserve
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Activity: 1820
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Self made HODLER ✓
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July 10, 2017, 12:40:19 PM |
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The horror! The horror!
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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July 10, 2017, 12:51:59 PM |
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soullyG
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July 10, 2017, 12:53:44 PM |
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Looks like another re-test of $2450 is in order before we can go up and break out of the triangle at last...hopefully we stabilise there and don't break down instead.. could be going as far as $2200 if we do..
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cellard
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Activity: 1372
Merit: 1250
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July 10, 2017, 12:55:29 PM |
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august 1 will make price dump, no matter what. just we will see later who was the smarter one LTC may be the final winner... LTC is dumping right now below 45 dollars so it's not looking good. If it keeps crashing and gets cheap I may buy some to specualte with the MIT countdown thing but that's about it. Bitcoin is getting segwit and there will be no hardfork. Once the market understands this reality, BTC will hit all time high in no time and you want to be holding 100% of your wealth in it when that time comes. |
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B1tUnl0ck3r
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Activity: 854
Merit: 277
liife threw a tempest at you? be a coconut !
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July 10, 2017, 01:05:46 PM |
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first smile... The horror! The horror!
bigger smile... I see the topic is back ! so it's a little dump or the END? august 1 will make price dump, no matter what. just we will see later who was the smarter one LTC may be the final winner... What lead you to such a strong statement? I hope I will remember to quote you in 20 days... but I am curious what's behind your no matter what? |
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Poll
