BlindMayorBitcorn
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Merit: 1116
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September 26, 2017, 02:42:11 PM |
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Ugh.. Trendon Shavers, I remember many people pointed out that this has got to be some kind of ponzi scam. Yet there were flame wars going between supporters of the scheme and more skeptical people. Not the best time in the Bitcointalk community. Yes, I do have an account from late 2012, but I am not login that in until Theymos implements some kind of 2FA or Google login. Too many people lost their accounts to hacks recently.
There's no shame in Bitcoinland. https://bitcointalk.org/index.php?topic=1847311.msg18382142#msg18382142
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Torque
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Activity: 3654
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September 26, 2017, 03:08:48 PM |
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Ugh.. Trendon Shavers, I remember many people pointed out that this has got to be some kind of ponzi scam. Yet there were flame wars going between supporters of the scheme and more skeptical people. Not the best time in the Bitcointalk community. Yes, I do have an account from late 2012, but I am not login that in until Theymos implements some kind of 2FA or Google login. Too many people lost their accounts to hacks recently.
There's no shame in Bitcoinland. https://bitcointalk.org/index.php?topic=1847311.msg18382142#msg18382142Do the hackers think they we're going to believe that Hal was thawed out from cryo and revived? Back to the future?
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JimboToronto
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You're never too old to think young.
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September 26, 2017, 03:20:37 PM |
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Good AM Bitcoinland.
Still holding yesterday's modest gains... currently $3928USD/$4860CAD (Bitcoinaverage).
AltcoinCash also going sideways... currently $449USD/$557CAD (Coinmarketcap).
Tumblin' tumbleweeds. Ho freaking hum. At least September's almost done. Let's see what October brings.
I'll continue to hold, thank you.
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jojo69
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Activity: 3248
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diamond-handed zealot
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September 26, 2017, 03:29:43 PM |
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hmmmmmm so much for lines on a chart
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ragnar0k
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September 26, 2017, 03:35:05 PM |
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I think what I love the most in the BC world is Tradingview.com ideas. You have these popular guys... They show bubble charts, some of them predict all sorts of ugly scenarios Then bitcoin goes up
...And day after, as if nothing happened, they ignore the chart they did few hours ago and move their predictions to long telling you how to read the TA.
I really wish there were some stats on how many make money there
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LFC_Bitcoin
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September 26, 2017, 03:54:02 PM |
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Odd that there's so much resistance at the $4000 point. Been hovering in the $39xx's for a good while now.
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Meuh6879
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September 26, 2017, 04:03:21 PM |
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Too easy ... (?)
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BlindMayorBitcorn
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September 26, 2017, 04:03:39 PM |
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Ugh.. Trendon Shavers, I remember many people pointed out that this has got to be some kind of ponzi scam. Yet there were flame wars going between supporters of the scheme and more skeptical people. Not the best time in the Bitcointalk community. Yes, I do have an account from late 2012, but I am not login that in until Theymos implements some kind of 2FA or Google login. Too many people lost their accounts to hacks recently.
There's no shame in Bitcoinland. https://bitcointalk.org/index.php?topic=1847311.msg18382142#msg18382142Do the hackers think they we're going to believe that Hal was thawed out from cryo and revived? Back to the future? Somebody probably saw it on a list for sale and couldn't help themselves. I chalk it up to poor impulse control.
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Icygreen
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September 26, 2017, 04:09:17 PM |
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As expected, it seems we move carefully through the 3k range and likely more carefully through 4k. Great news is that there's at least some groundwork support through the 3k range we previously didn't get much of and prices have held very well all the way through so far despite some attempts to dump. I'm expecting strong confirmations before entering 4k based on recent sentiment of the market.
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jojo69
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diamond-handed zealot
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September 26, 2017, 05:39:13 PM |
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Yeah, as much as I would like to see a retest of the log support uptrend there is just no denying that bitcoin holding for all intents and purposes >$3k through all this FUD (and pretty much holding 3x gold...think about that) is just monumentally bullish.
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STT
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September 26, 2017, 05:47:43 PM |
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Im not sure any link to gold price matters exactly. The market cap of gold is far greater, its just an arbitrary ounce comparison that has shown bitcoin has greater growth but thats as it should be. Gold is not supposed to give any investment growth, its whole value system is based on no change in price over thousands of years. The reason to buy gold is fear of extreme price changes which in a dollar system with this much debt is quite likely and even if not we'll see gold appear higher in price. Its parallel to bitcoin in that both should have growth exceeding new units available where as dollar is held in reserve and is over produced relative to its trade growth.
The price of bitcoin I think is more positive now. We are above the old trend line that could have been a cap to prices, that line is about 3900 so on the line but its respecting that and lower support must be taken as positive relatively. Long term its best to have steady confirmation so it would be best to not rise from here too soon I guess. Bitcoin does seem to have regular use and demand thanks to extreme FIAT moves in Japan or Venezuela, I presume it does have greater usage underway. Japan holds 1 trillion of US debt, the possibility for frightening acceleration is present every day I think, complacency is apparent which is probably a vital ingredient also.
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jojo69
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diamond-handed zealot
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September 26, 2017, 05:52:27 PM |
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I agree that the OzAu comparison is arbitrary, but psychologically it is pretty compelling. I remember the oldbugs repeating ad nauseam that BTC would NEVER = gold, and here we are, with China banning, again, in the midst of a correction, holding 3X.
feels good man
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ragnar0k
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September 26, 2017, 06:19:54 PM |
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Another great thing - although it is too early to say still - is that Goldman predicted bitcoin would be @2.2k We just briefly touched 3k, but all in all we had a retrace of 30% (now just 20%), against the predicted 60%. Let's hope it holds!
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jbreher
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lose: unfind ... loose: untight
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September 26, 2017, 08:02:47 PM |
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What about adopting a parrot? We are all pirates, after all. This way we can save our fingers some effort.
Way back machine engaged. https://i.imgur.com/lKKfpQV.pngThis post was brought to you courtesy of the way back machine. The way back machine. It takes you way back. I'll admit. I got greedy. I lost over 1300 Bitcoins in that fiasco. In principal - several times that if we include my (so-called) gains. Not much for nostalgia on that one.
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BlindMayorBitcorn
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September 26, 2017, 08:13:29 PM |
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What about adopting a parrot? We are all pirates, after all. This way we can save our fingers some effort.
Way back machine engaged. https://i.imgur.com/lKKfpQV.pngThis post was brought to you courtesy of the way back machine. The way back machine. It takes you way back. I'll admit. I got greedy. I lost over 1300 Bitcoins in that fiasco. In principal - several times that if we include my (so-called) gains. Not much for nostalgia on that one. Being a latecomer isn't all that bad. I missed a lot of nutty shit that could have got me in trouble.
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jojo69
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diamond-handed zealot
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September 26, 2017, 09:14:39 PM |
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El duderino_
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BTC + Crossfit, living life.
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September 26, 2017, 10:30:03 PM |
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END list, good luck! 19/9 rayx12 24/9 kidbitter* 25/9 binaryreign* 26/9 player99 27/9 xhomerx10 28/9 khufuking 29/9 jhayzxenon* 30/9 yermom 01/10 teamtarp* 02/10 bitchick * 03/10 ^BuTcH^ 04/10 minermannc 05/10 punisher1314* 06/10 jimbo Toronto* 07/10 player514* 09/10 Oinas* 10/10 bikerlezno* LAST WINNER 11/10 ted e. bare 12/10 harrymmmm* 13/10 cryptoqueeen* 14/10 bitcoinaire* 15/10 ludwigvon* 16/10 BitchicksHusband* 17/10 shroomskit_disgrace 18/10 dakustaking76 19/10 birobob* 20/10 leowonderful 21/10 paashaas 22/10 cmacwiz* 23/10 spaceman_spiff_original* 24/10 colonel panic 25/10 soullyG 26/10 weltmaster* 27/10 vroom 28/10 entons* 29/10 roombot* 30/10 notme* 31/10 twocorn 01/11 YamashitaRen 02/11 orpington 03/11 Haciendo* 04/11 lilloboy 05/11 jojo69* 06/11 d_eddie* 07/11 empowering* 08/11 northyplole* 09/11 podyx* 10/11 u9y42* 11/11 starving_marvin 12/11 sirazimuth* 13/11 dotto* 14/11 hazukison* 15/11 organic* 16/11 Heater* 17/11 foxygoxy* 18/11 600watt 19/11 arriemoller 20/11 drbrockcoin* 21/11 icygreen* 22/11 rakessh 23/11 erisdiscordia 24/11 oblox* 25/11 mfort312* 26/11 globbo* 27/11 lfc_bitcoin 28/11 conspirosphere.tk* 29/11 rjclarck2000 30/11 last of the v8s * 01/12 newworldcoiner* 02/12 souspeed* 03/12 jaapgvk 04/12 sgk* 05/12 fluidjax 07/12 free-bit.co.in 08/12 imbatman 09/12 yonton 10/12 fragout* 11/12 itod 12/12 lontonbit* 13/12 CistaCista 14/12 cAPSLOCK 15/12 philivey 16/12 marcus_of_augustus* 17/12 mattimann 18/12 coincube* 21/12 2dogs 24/12 bones261* 25/12 mndan 26/12 karatma1* 28/12 deathangel* 30/12 erre 31/12 elwar 01/01/2018 lewis pirenne* 02/01/2018 addressed* 03/01/2018 bathy 05/01/2018 bitcoin psycho 06/01/2018 chowhan 07/01/2018 fabiorem* 18/01/2018 raja_mbz* 22/01/2018 _javi_ 26/01/2018 kurious* 28/01/2018 steelboy* 29/01/2018 alcohodl 01/02/2018 cristitcm 18/02/2018 in the silence 20/04/2018 fractal universe* 15/03/2018 Carl85 15/05/2018 oldtimegin* 15/06/2018 samson 16/08/2018 samarkand
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RoomBot
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September 26, 2017, 11:20:27 PM |
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This is a contest that all HODLERS win.
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LewisPirenne
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September 27, 2017, 12:58:07 AM Last edit: September 27, 2017, 01:08:12 AM by LewisPirenne |
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Ugh.. Trendon Shavers, I remember many people pointed out that this has got to be some kind of ponzi scam. Yet there were flame wars going between supporters of the scheme and more skeptical people. Not the best time in the Bitcointalk community. Yes, I do have an account from late 2012, but I am not login that in until Theymos implements some kind of 2FA or Google login. Too many people lost their accounts to hacks recently.
There's no shame in Bitcoinland. https://bitcointalk.org/index.php?topic=1847311.msg18382142#msg18382142Wow, I didn't know that even Finney's account was hacked. Now I have to be more careful about various old accounts starting to posting again after all these years, lest they be some doppelgangers. As for gold price, the "flow" matters more than "stock", since gold has a massive 190K ton stock, that's like 6 billion ounces, almost enough for 1 gold coin per population on this planet. So you look at how much Indian demand are for this year and how many mines are going shut down or come online based on spot price and how much they hedged, etc. Investment demand didn't have that much of an impact until like 12 years ago (unless you want to go back to 70's). The main problem with gold price (besides manipulation through derivatives) is the "scrap" or recycled supply whenever price spike. Since gold has HUGE stock in the wild, when price spike, some people are going to haul in their hoard (jewelry and heirloom) and exchange them for cash. Like this Japanese man who recently got robbed in the middle of Ginza, which is like the most upscale and prosperous area in Tokyo, https://mainichi.jp/english/articles/20170731/p2a/00m/0na/011000c Or this one in Ginza again, http://www.tokyoreporter.com/2017/07/03/tokyo-cops-hunting-for-man-who-walked-off-with-3-kg-of-gold-in-ginza/Or another one in different place http://www.telegraph.co.uk/news/2016/12/14/fake-police-walk-4m-gold-japan/You can find similar report in Hong Kong too but often more bloody and sanguine. So it's reasonable to expect the BTC/Gold ratio to get bigger and bigger overtime since BTC does have less of an overhang in supply (e.g. whales waiting to dump).
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