mindrust
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January 30, 2018, 08:02:20 PM |
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What if this whole thing since the last summer was a planned Gox v2.0? Bull running bitcoin to $20k and bear run it back to $1k after tether stuff blows up. Never say never guys.
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mindrust
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January 30, 2018, 08:06:27 PM |
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ghandi
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January 30, 2018, 08:07:12 PM |
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Afer we got goxed, we finally might get tetherd or finexed. or both. who knows
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rezurect007
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January 30, 2018, 08:07:24 PM |
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I hope someone of you got a few buy orders filled.
can confirm yup. a few orders got filled..
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Torque
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January 30, 2018, 08:10:25 PM |
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This is exactly why when people say that Average Joes were largely responsible for the liftoff in Nov/Dec, I say they are completely full of shit.
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pera
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バカ
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January 30, 2018, 08:12:04 PM Merited by JayJuanGee (1) |
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What if this whole thing since the last summer was a planned Gox v2.0? Bull running bitcoin to $20k and bear run it back to $1k after tether stuff blows up. Never say never guys. Bitcoin will never touch $1k again. If this downtrend continues we will provably see $6k by the end of February and maybe even touch $3k by April or May, but that would be the most bearish case in my opinion.
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BinaryReign
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BTC HODLer
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Been reading for a while but only now registered to speak.
Wanted to thank everyone for the great commentary and knowledge sharing.
I am in this for the long run, as stated previously: 1 BTC is 1 BTC. I am confident in the technology, which is what really matters here. This is just a quick stocking up stage. I believe/hope that BTC will only rise stronger. A good rise from this should show confidence in BTC and the community.
Thanks for the positive outlook. I hope to contribute more in the future, but it seems that many active users here are much more knowledgeable than I am.... but there are others that are clearly not. Hopefully I can find a spot to be helpful as well.
HODL/restock is the way through this.
Welcome fellow Hodler! I’m kind of the same way, in that I have been reading here for longer than I have been registered (and I still rarely post), but I appreciate everyone here, even the trolls, bears and shills I have ignored lol. I have spent anywhere from 4-12 hours a day focusing on bitcoin/crypto these years, and a lot of that is seeing what is going on in here. The reasons for these dips are so silly compared to around 3-5 years ago. Back then, we legit had no clue what the US government might decide to do. Many of us feared waking up one morning to news that they banned crypto currencies, but strong hands HODL. Now look where we are, I couldn’t have imagined it all back then. I treated myself just before Christmas, by taking a two week vaca in Vegas, driving a Ferrari and eating amazing food. It was fantastic, and was only possible because of good ol BTC. In fact, twice BTC saved my trip from being ruined. Bank deposits don’t post to accounts on Sundays, so I used a BTC ATM and kept the party going
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cAPSLOCK
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Whimsical Pants
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January 30, 2018, 08:14:01 PM |
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This is EXTREMELY GOOD. 1. Screw the ICOs. 2. Screw crypto advertisements. 3. Screw facebook. Let them make themselves irrelevant.
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explorer
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January 30, 2018, 08:14:13 PM |
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Waiting for ALL crypto to ban Facebook. Now that would be something.
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Torque
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January 30, 2018, 08:18:02 PM |
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Waiting for ALL crypto to ban Facebook. Now that would be something. Mark Zuckerberg was asked by a reporter way back in 2013 if Facebook would ever integrate Bitcoin, and Mark played coy and completely panned the question. When I saw that and how he handled the question, I knew that the existing financial establishment had already gotten to him. He's been silent on the subject ever since.
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toknormal
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January 30, 2018, 08:28:24 PM |
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I think the whole 2017 runup was Gox on steriods.
When I first even heard what Tether actually was (a random-mined crypto "supposed" to be backed by real money) I just rolled my eyes. Money that costs nothing to make and is in the hands of a single entity can obviously cause all kinds of damage. It explains the huge pumps we saw periodically throughought the year. Anyone accumulating for real would never go charging into the order book like that.
But when you can just conjure up x-millions on a blockchain at will and use them to buy real bitcoin then anything is possible.
This can easily go back to 1k.
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conspirosphere.tk
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Bitcoin is antisemitic
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January 30, 2018, 08:29:13 PM |
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Afer we got goxed, we finally might get tetherd or finexed. or both. who knows Anyone who will be finexed/tethered won't have my shoulder to cry on.
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conspirosphere.tk
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Bitcoin is antisemitic
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January 30, 2018, 08:33:57 PM |
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But when you can just conjure up x-millions on a blockchain at will and use them to buy real bitcoin then anything is possible.
This can easily go back to 1k.
A panic could happen, and then? The fundamentals of bitcoin are still all there.
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Elix9
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January 30, 2018, 08:34:39 PM |
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Hey quick, Someone wake up JJG so he can tell me again that there are no pre-planned, coordinated attacks on Bitcoin. I've been wondering about this myself, seems like strategic FUD. Death by a 1000 cuts.
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Samarkand
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January 30, 2018, 08:38:38 PM |
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Bitfinex´ed on Twitter: Bitcoin went up 17% in a single day, the day they got the subpoena. and 26% the day after. [...] https://twitter.com/Bitfinexed/status/958420215301394432Bitcoin surged 43 % in the 48 hours after the delivery of the subpoena. Back then everybody attributed the price action to the launch of the Bitcoin futures if I remember it correctly. I´m still sure that we won´t see a real decrease in the Bitcoin price. I think we will stay above 10k.
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Torque
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January 30, 2018, 08:38:44 PM |
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Hey quick, Someone wake up JJG so he can tell me again that there are no pre-planned, coordinated attacks on Bitcoin. I've been wondering about this myself, seems like strategic FUD. Death by a 1000 cuts. Sure. But think about it like this. If they just wanted to sell, they would just dump everything without any corresponding FUD needed. But they obviously NEED some new FUD to short because the market is being stubborn and they can't shake out enough coins from exchanges. It means they are getting desperate. It means that they are accumulating, not just selling off. And if they are accumulating, then for what future purpose? Whatever it is, that could be coming sooner than we think.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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January 30, 2018, 08:39:33 PM |
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Yes you can send Tether to BFX and withdraw USD. There is a minimum transaction size. Not sure amount it but it would be at least $10k.
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jojo69
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diamond-handed zealot
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January 30, 2018, 08:42:44 PM |
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You don't think ... my friend could actually be.... ? No no, don't think it (shudders) lol
HA! if I had a sMERIT...
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thisisntbic
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January 30, 2018, 08:50:44 PM |
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... I still struggle to understand why he recommended it to me, yet never embraced it himself. I just think it was mainly laziness on his part. ...
Isn´t it possible that your friend simply didn´t had the money to buy BTC even when the Bitcoin price was low? I guess a few people that believed in Bitcoin simply missed out due to not being liquid enough to invest. I´m not sure from which country you are, but even in a wealthy country like the US the average person is not exactly having a lot of money that is available for investment. 63% Of Americans Don't Have Enough Savings To Cover A $500 EmergencyMaybe you should reconsider and gift him a few mBTC That might be the case, but, from my personal experience, it is mostly BS. I did not earn a lot (eastern eu. country), i cut back on my spendings - like a LOT - to put it in bitcoin. Most people waste money on shit. New clothes they do not need, all kinds of social indicators of wealth like newest phone, car, jewelry etc. I have talked to some of my friends about investing in the long term back than; they have rather spent several bitcoin's price on vacations in 2015/2016, so they can post a facebook report on "look, my life is awesome". Now those vacations costs 15x-20x in bitcoin price :-D I hear you, my man. My friends/family/coworkers were all the same way. I told them to get in when it was $250ish (2013), that it was potentially world changing, and I was laughed out the room. I still remind my old roommate about his response, "Yeahhhh, no thanks. I've got some gold coins, I think I'm good." Or my boss, when it dropped like a stone, "Ha! How's your bitcoin treating you now?" - He no longer speaks to me haha. Back then, I was part of that $500 emergency group, as shameful as it is to say. I couldn't afford it; I was so far in debt from making some stupid mistakes when I was younger (well, more from stupid lawyer fees, but I digress lol ) that my credit cards/loans took everything (we're talking 10's of thousands). Still, I found a way to put $25-50 a paycheck into btc; skipped trips, partying, dating, etc. Selling as it rose over the last 6 months, I can say I'm now debt free. Paid all my cards off, paid my student loans off, and I was able to put a small down payment and own my own place. I wish I'd kept all the messages from those same people over the course of December, "fuck you and your bitcoin". Sorry I'm not sorry, but it's never to late to join the party As always, HODL; even better things are soon to come. Just don't think that's the end all/be all, spend some if it will make your life better. Just make sure not to sell it all
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STT
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Leading Crypto Sports Betting & Casino Platform
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January 30, 2018, 08:52:30 PM Last edit: January 30, 2018, 09:20:40 PM by STT |
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Tether is not intended to be speculative. There's supposed to be $2.3B actual fiat backing it.
vs crypto "market cap", which is hugely speculative. It's not an actual valuation, it's simply supply x price.
So yes, the collapse of Tether could have a hugely disproportionate effect on the whole crypto market if it's backed by little to nothing.
Do you think theres enough fiat on the exchanges to cover 500 billion? Do you think theres enough fiat in the entire world to cover the 1.2 quadrillion derivatives markets? The point missed with derivatives is that not all of them will simultaneously payout. Its more like insurance policies where there is a risk of many requiring cash payout but usually these derivatives expire worthless. I dont know the deal with tether but it sounds like FIAT or even Mt.gox where price became centered to 1 exchange; inflated by fractional reserve which is not how Bitcoin pricing should be determined
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