BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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July 12, 2017, 09:00:27 PM |
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The market has proven with ETH it doesn't give a toss about any of the things that make crypto great. It's sort of puzzling. But it makes sense that the coin pickers should prefer a more predictable community.
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Ludwig Von
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July 12, 2017, 09:07:16 PM |
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"Jihan Wu, Bitmain CEO, already opined that he will hard fork regardless of whether UASF succeeds or fails. It is not guaranteed that a hard fork could happen without issues, but this is the best time from their perspective to attempt one. Should it succeed, Bitcoin will quickly erase all prior losses and surpass $3,000. "
So the market will be delighted that a handful of Chinese miners are in full control of Bitcoin?
That's a really fucking stupid supposition. [/quote]
What if it is the intention to have a Chinese Bitcoin? Remember, the astronomic premiums Chinese and Koreans paid to get BTC when it was already ATH?
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deepcolderwallet
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July 12, 2017, 10:53:15 PM |
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There was a post by Ralph C. Merkle. While there are many technical descriptions of Bitcoin and the excitement it has created, it is perhaps worthwhile to try and capture this excitement in a way that can be understood by those without a technical background.
Briefly, and non-technically, Bitcoin is the first example of a new form of life. It lives and breathes on the internet. It lives because it can pay people to keep it alive. It lives because it performs a useful service that people will pay it to perform. It lives because anyone, anywhere, can run a copy of its code. It lives because all the running copies are constantly talking to each other. It lives because if any one copy is corrupted it is discarded, quickly and without any fuss or muss. It lives because it is radically transparent: anyone can see its code and see exactly what it does.
It can’t be changed. It can’t be argued with. It can’t be tampered with. It can’t be corrupted. It can’t be stopped.
It can’t even be interrupted.
If nuclear war destroyed half of our planet, it would continue to live, uncorrupted. It would continue to offer its services. It would continue to pay people to keep it alive.
The only way to shut it down is to kill every server that hosts it. Which is hard, because a lot of servers host it, in a lot of countries, and a lot of people want to use it.
Realistically, the only wayto kill it is to make the service it offers so useless and obsolete that no one wants to use it. So obsolete that no one wants to pay for it. No one wants to host it. Then it will have no money to pay anyone. Then it will starve to death.
But as long as there are people who want to use it, it’s very hard to kill, or corrupt, or stop, or interrupt. Thank you for sharing, I really appreciated this.
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HI-TEC99
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Activity: 2772
Merit: 2846
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July 12, 2017, 11:03:31 PM |
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I notice everyone else in the picture has grey hair except for the guy with the Bitcoin sign. That alone makes him look totally out of place. It was nice to see the rise in price immediately after his stunt.
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Torque
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Activity: 3710
Merit: 5286
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July 12, 2017, 11:05:36 PM |
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"Jihan Wu, Bitmain CEO, already opined that he will hard fork regardless of whether UASF succeeds or fails. It is not guaranteed that a hard fork could happen without issues, but this is the best time from their perspective to attempt one. Should it succeed, Bitcoin will quickly erase all prior losses and surpass $3,000. " So the market will be delighted that a handful of Chinese miners are in full control of Bitcoin? That's a really fucking stupid supposition. Probably the Deep State working behind the scenes to co-op Bitcoin. I keep thinking that Jihan Wu/Bitmain has already been corrupted. And if they successfully take it over, the statists will pump it even higher just to prove that the masses are greedy sheep ready to come on over to their darkside.
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pfrtlpfmpf
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July 12, 2017, 11:58:25 PM |
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And "ITT" is short for . . . Sorry, i´m a bit slow !
In this thread Damn, i nearly knew it (INKI)
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marcus_of_augustus
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Activity: 3920
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Eadem mutata resurgo
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July 12, 2017, 11:58:48 PM |
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Probably the Deep State working behind the scenes to co-op Bitcoin. I keep thinking that Jihan Wu/Bitmain has already been corrupted. And if they successfully take it over, the statists will pump it even higher just to prove that the masses are greedy sheep ready to come on over to their darkside. That's ethereum you are talking about there right?
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deepcolderwallet
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July 13, 2017, 12:26:18 AM |
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Probably the Deep State working behind the scenes to co-op Bitcoin. I keep thinking that Jihan Wu/Bitmain has already been corrupted. And if they successfully take it over, the statists will pump it even higher just to prove that the masses are greedy sheep ready to come on over to their darkside.
https://bitcointalk.org/index.php?topic=1980637About the PBOC i am not 100% sure Bitcoin is not in their best interests. And I would guess they are also not sure. The macroeconomic implications of Bitcoin are so complex that I don't think no parties really know. And that's why no government has made any extreme move about it.
Bitcoin is a means to subvert PBOC policy so it is hard to see how they can be in favor of it. Wu will be a tool of PRC policy when the Central Committee decides it has a Bitcoin policy. China is a communist dictatorship. THANK. YOU. Finally someone is catching with how I see the way it works.
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Torque
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Activity: 3710
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July 13, 2017, 12:40:01 AM |
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I posted my thoughts in that thread..
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quarternions
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Activity: 44
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July 13, 2017, 12:58:16 AM |
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Since this is the speculation thread, do you guys think we will get to 2600 again before august? Lost and made some money, still need a bit more to break even again.
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deepcolderwallet
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July 13, 2017, 01:06:17 AM |
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Since this is the speculation thread, do you guys think we will get to 2600 again before august? Lost and made some money, still need a bit more to break even again.
Bro, I'll heartedly advice you not to play in such a volatile market as crypto is. Unless you're a full skilled trader from stock markets. BTC is king and will win the final battle against fiat. Soon things will be like that:
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gentlemand
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Activity: 2590
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Welt Am Draht
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July 13, 2017, 01:06:45 AM |
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Since this is the speculation thread, do you guys think we will get to 2600 again before august? Lost and made some money, still need a bit more to break even again.
Pure guess? Nope. Too much turbulence for that price level again.
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yefi
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Activity: 2842
Merit: 1511
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July 13, 2017, 01:52:30 AM |
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Since this is the speculation thread, do you guys think we will get to 2600 again before august? Lost and made some money, still need a bit more to break even again.
Maybe by August 2018.
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quarternions
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July 13, 2017, 02:16:45 AM |
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You are completely right, I'm definitely not a skilled trader yet, just been lurking for some time I am just playing with around 2k, and I only buy in trends + when I see clear candle patterns and with the info from this website and telegram. So most of the time I only make "safe" (I know it is almost never safe") trades. But then I discovered leverage trades, made some good money, adrenaline was pumping, got overconfident (also the drinks did not help) went long just as it was turning (Still have no idea where my logic went). I am aspiring to become a full skilled stock trader, BTC just happened to come on my path and with little money you could still easily make a couple of 100 bucks. Also the idea of using it as long term savings account looked great since in Holland I get less then 1% growth in a year... Also since the laws for bitcoins are still in a grey area you can do a lot of fun things with it (currently writing a coin buying and investing website with ideal support for a select amount of people). The API's in general are funt to work with as a programmer so it gives me some incentive to work. As soon as I get that website up and running and have some more funds I'll start opening up a proper broker account and reading into where to start there... This is getting a bit off topic but any suggestions on where I can start even with a low amount off funds. Probably best not to post it here. TLDR; Lost all my earnings and a chunk of my 2k due too leverage and intoxicated, slowly getting it back. Also do want to get into normal
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Torque
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Activity: 3710
Merit: 5286
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July 13, 2017, 02:17:23 AM |
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Our new Avenger Joe! Already received ~4 btc in donations.
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bitserve
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Activity: 1834
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Self made HODLER ✓
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July 13, 2017, 02:27:58 AM |
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Our new Avenger Joe! Already received ~4 btc in donations. Very well deserved. I hope he reaches at least 10BTC. It will also be an additional positive news in itself. Anyone knows what was he doing there? It doesn't seem like an easy access "place". An interview would be great.... it's not that he is "anonymous" now anyways.
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infofront (OP)
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Activity: 2646
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Shitcoin Minimalist
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July 13, 2017, 02:44:00 AM |
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"Jihan Wu, Bitmain CEO, already opined that he will hard fork regardless of whether UASF succeeds or fails. It is not guaranteed that a hard fork could happen without issues, but this is the best time from their perspective to attempt one. Should it succeed, Bitcoin will quickly erase all prior losses and surpass $3,000. " So the market will be delighted that a handful of Chinese miners are in full control of Bitcoin? That's a really fucking stupid supposition. The market will be delighted that Segwit passes. After that, Jihan and Roger Ver can shove btc1 up each other's asses.. If they do decide to fork off, no relevant economic nodes will join them. I'm still of the belief that this whole segwit2x fiasco is a way for Jihan to save face, while accepting segwit.
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deepcolderwallet
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July 13, 2017, 03:17:47 AM |
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140+ Wall spotted @ $2400 @ Bitfinex
EDIT: being swallowed in an hallucinating rhythm. Market looks thirsty.
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Chef Ramsay
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Activity: 1568
Merit: 1001
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July 13, 2017, 03:19:50 AM |
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Since this is the speculation thread, do you guys think we will get to 2600 again before august? Lost and made some money, still need a bit more to break even again.
Pure guess? Nope. Too much turbulence for that price level again. New ATHs in August and September with quicker consolidations in between. 5 digits into the new yr.
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