Neo_Coin
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"Be Your Own Bank"
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October 21, 2017, 06:04:33 PM |
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In my opinion, we must reflect on what it is used for a Fork: 1) to solve at least in theory some technical problem. 2) to earn a lot of money to someone. 3) to allow the enemies of the Bitcoin to sow internal destructive wars which is anarchic by definition and does not have a centralized authority that decides and resolves. The best way to decrease the confidence that ordinary people can have in the system itself and its efficiency. Really the only way to destroy the Bitcoin system.
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jojo69
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Activity: 3318
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diamond-handed zealot
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October 21, 2017, 06:09:25 PM |
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Kraken broke bitcoinwisdom, it seems. Who knew a toaster could do that.
bitcoinwisdom has been abandoned for months, if Kraken changed something in their API there is no one to make sure it works at the bitcoinwisdom end
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DaRude
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In order to dump coins one must have coins
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October 21, 2017, 06:17:07 PM |
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i'm going to laugh when 2mb blocks start printing :-D weeeee WTF how can i swap 1:1 BTC:SEG2x with Ver?? I guess he's already abandoning BCrASH?
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Ibian
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October 21, 2017, 06:30:01 PM |
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I think, theres no TA applicable here, it`s all emotions, for the moment .
I say, that looks like quite the bubble! No way it can keep going up!
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fragout
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Merit: 1018
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October 21, 2017, 06:38:41 PM |
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I think, theres no TA applicable here, it`s all emotions, for the moment .
I say, that looks like quite the bubble! No way it can keep going up! Must have been hard to hodl during that crash from 40c to 20c. One would need strong hands to hold out under that pressure
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Spaceman_Spiff_Original
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October 21, 2017, 06:42:24 PM |
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i'm going to laugh when 2mb blocks start printing :-D weeeee WTF how can i swap 1:1 BTC:SEG2x with Ver?? I guess he's already abandoning BCrASH? He doesn't want any additional trades, unfortunately.
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pitham1
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Merit: 1000
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October 21, 2017, 06:46:48 PM |
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I think, theres no TA applicable here, it`s all emotions, for the moment .
I say, that looks like quite the bubble! No way it can keep going up! Must have been hard to hodl during that crash from 40c to 20c. One would need strong hands to hold out under that pressure It just took a couple of months to recover. The crash from $1200 to $200 would rank as the toughest, It took years for the price to recover. In percentage terms, I think the fall from $32 to $2 would be the largest.
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Ibian
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October 21, 2017, 06:51:52 PM |
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I think, theres no TA applicable here, it`s all emotions, for the moment .
I say, that looks like quite the bubble! No way it can keep going up! Must have been hard to hodl during that crash from 40c to 20c. One would need strong hands to hold out under that pressure It just took a couple of months to recover. The crash from $1200 to $200 would rank as the toughest, It took years for the price to recover. In percentage terms, I think the fall from $32 to $2 would be the largest. I actually kept buying all the way from 1100 and all the way to the bottom. And then I KEPT buying on the way up until I was eventually back above water. Ended up with 3 times the coins I initially set out for.
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Imbatman
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October 21, 2017, 07:10:56 PM |
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Ibian I did just about the same thing. I still kick myself for not buying more at the lowest price I'm in for which is $190, but I'm so glad I didn't get discouraged about the first coin I bought which was a shade under $975
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Torque
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October 21, 2017, 07:11:43 PM Last edit: October 21, 2017, 08:33:18 PM by Torque |
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I actually kept buying all the way from 1100 and all the way to the bottom. And then I KEPT buying on the way up until I was eventually back above water. Ended up with 3 times the coins I initially set out for.
Same. I kept buying on the way down, and some on the way back up. Until my average cost basis was ~$500/btc, and I ended up with 2.75X more than I started with. I'm still buying when I have extra money and will continue to do so. Five years from now, people are going to be astonished that we were even talking about bitcoin at that price level like it was some sort of stress, or even today's price level. That's why people should just buy some and hold for years, and don't worry about the current price. In the grand scheme of one's life and the miniscule level of adoption we are at right now, it's a silly thing to even worry about.
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yefi
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October 21, 2017, 07:17:20 PM |
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It just took a couple of months to recover. The crash from $1200 to $200 would rank as the toughest, It took years for the price to recover. In percentage terms, I think the fall from $32 to $2 would be the largest.
I contend the fall to $2 was the toughest. The holders then were truly staring into the abyss, as price had never collapsed by so much before. The shrill cry of "it's just a bubble" would've rung truer in their ears. The drop to $200 felt like a cakewalk in comparison - Bitcoin had proven its resilience.
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JimboToronto
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You're never too old to think young.
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October 21, 2017, 07:20:05 PM |
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Ok, i´m panichodling I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession. It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers. All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash. What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame.
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gembitz
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October 21, 2017, 07:32:20 PM |
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Ok, i´m panichodling I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession. It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers. All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash. What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame. wake me up when we hit $10,000 zzz lel
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BlindMayorBitcorn
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October 21, 2017, 08:21:52 PM |
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sorry to stalk you like a lovesick puppy
Not at all. I've enjoyed our time together. but you are right, doom's coming.
Not too much doom I hope. I'm about to sign a lease on a swank pad.
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Last of the V8s
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Be a bank
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October 21, 2017, 08:35:37 PM |
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ah doom's an impermanent thing. all in the end is bliss good luck with the new digs
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starmman
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October 21, 2017, 08:40:05 PM |
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One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary. Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket. Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL
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Remember remember the 5th of November
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Reverse engineer from time to time
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October 21, 2017, 08:41:13 PM |
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One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary. Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket. Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL How though? If you short AND go long, sounds like in the end you will end up with 1-2% of loss.
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JayJuanGee
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Activity: 3878
Merit: 11065
Self-Custody is a right. Say no to"Non-custodial"
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October 21, 2017, 08:41:33 PM |
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is this the s-curve take off?
a) 6800$ (bearish)! b) 7400$ (conservative)! c) 8100$ (bullish)! pick one! I consider only C to be correct. The other two assertions are not correct. We have the next likely resistance points in the $6800 to $7800 range, so if we go to $8100 that woudl be bullish and would have likely broken through the likely resistance range. Conservative would be prices going in the lower end of the range or not quite making the range. It is difficult to imagine exactly what is bearish - since we are already into amazing price territories - but I would think that bearish would be to experience another correction here that goes beyond 60%. Since we have quite a bit of ongoing upwards price pressures and recently having had broken through $6k, it seems to me to be quite against the odds to even have a 10% price correction - without some major FUDding. Also, even though I believe that BTG is not driving this run, except perhaps on the margins, any 10% or more correction would be more likely to occur after the Oct. 25 forkening, no?
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11065
Self-Custody is a right. Say no to"Non-custodial"
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October 21, 2017, 08:45:21 PM |
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im not seeing many people calling top on this yet, so i think I will: $6225
I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)
you are overly bearish, buddy. and also a bit pie in the sky. We don't just break through $6k and then correct down to some stupid ass lala land price that is just barely that previous resistance point. Makes little sense when accounting for real world factors and/or logic.
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gembitz
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October 21, 2017, 08:49:52 PM |
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One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary. Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket. Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL $10,000x$25,000 possible this year >.> tin hutzzz
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