TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
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November 20, 2013, 08:35:52 PM |
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Somebody just put up a 2k wall at $600 on gox ... opportunity gone
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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November 20, 2013, 08:36:49 PM |
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Despite the bubble poppage, there is massive bid depth building across the exchanges. Bitstamp now has 10m USD (up from 700k in the summer and 6m just the other day). BT China now has 55m CNY (up from 5m at the beginning of the rally). I don't know what to make of it. My instinct from April, looking at the asks, and the h4 emas, is to sell because its probably capitulating into 300. But then I look at these new bids and I just don't think its safe. What do you think? Lots of newcomers looking for coins, so if you and others sell it will definitely be a nice gesture towards them but a lot of you dumpers are going to end up with fewer coins when this bear trap is over.
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jojo69
Legendary
Online
Activity: 3318
Merit: 4603
diamond-handed zealot
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November 20, 2013, 08:37:26 PM |
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Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins
This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero. If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit. every damn time. what happened to good old "lurk moar"? here's your answer: the (highly secure) blockchain is most likely not the ideal medium for micro transfers, and probably not even for small-ish transactions like paying for your coffee. That doesn't mean Bitcoin will fail, it only means there will be ways to perform smaller transaction off the chain. The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks. Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket. Bitcoin has the ultimate chance to replace visa etc.. 7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin. If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die. aaaaaaaand ignore engaged
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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November 20, 2013, 08:37:58 PM |
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I love the smell of failed whale schemes in the morning.
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miningnew
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November 20, 2013, 08:38:36 PM |
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wtf is this whale doing?
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dasein
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November 20, 2013, 08:38:50 PM Last edit: May 26, 2015, 06:10:27 PM by dasein |
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Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins
This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero. If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit. every damn time. what happened to good old "lurk moar"? here's your answer: the (highly secure) blockchain is most likely not the ideal medium for micro transfers, and probably not even for small-ish transactions like paying for your coffee. That doesn't mean Bitcoin will fail, it only means there will be ways to perform smaller transaction off the chain. The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks. Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket. Bitcoin has the ultimate chance to replace visa etc.. 7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin. If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die.
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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November 20, 2013, 08:40:47 PM |
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Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins
This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero. If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit. every damn time. what happened to good old "lurk moar"? here's your answer: the (highly secure) blockchain is most likely not the ideal medium for micro transfers, and probably not even for small-ish transactions like paying for your coffee. That doesn't mean Bitcoin will fail, it only means there will be ways to perform smaller transaction off the chain. The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks. Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket. Bitcoin has the ultimate chance to replace visa etc.. 7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin. If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die. 8 year olds, dude. 8 year olds.
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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November 20, 2013, 08:42:19 PM |
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I love the smell of failed whale schemes in the morning.
Wait. I will call big brother.
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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November 20, 2013, 08:43:32 PM |
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Higher low, indeed looking like a back test of the wedge/channel breakout from earlier.
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tbcoin
Legendary
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Activity: 1022
Merit: 1000
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November 20, 2013, 08:44:03 PM |
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Gox is crazy again??
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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November 20, 2013, 08:44:12 PM |
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I love the smell of failed whale schemes in the morning.
Wait. I will call big brother. I didn't say which whale failed. One of them will, though
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TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
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November 20, 2013, 08:46:00 PM |
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The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks. Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket. Bitcoin has the ultimate chance to replace visa etc.. 7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin. If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die.
Guys, you heard it from [Date Registered: November 15, 2013, 01:22:48 PM], show's over. See you at the next Ponzi. Yea, here I have been buying bitcoins since 2011 thinking it would be the future of money and then this guy appears out of no where and totally blows my mind and makes me realize that it's all over, it will die if it can't facilitate 7 billion people in the next months. Man, how things can change.
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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November 20, 2013, 08:49:57 PM |
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Managed to sell my single last BTC above $500. Now prices can finally start rising
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CryptStorm
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November 20, 2013, 08:50:36 PM |
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The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks. Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket. Bitcoin has the ultimate chance to replace visa etc.. 7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin. If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die.
Guys, you heard it from [Date Registered: November 15, 2013, 01:22:48 PM], show's over. See you at the next Ponzi. Yea, here I have been buying bitcoins since 2011 thinking it would be the future of money and then this guy appears out of no where and totally blows my mind and makes me realize that it's all over, it will die if it can't facilitate 7 billion people in the next months. Man, how things can change. I agree, especially given how freaking smart his math is... here we go, lets take the billions of people that don't have access to clean water, sanitation, fresh food, healthcare or a bank account... ok so should we count them in for 3 transactions... sounds good... next, the thing to do is.. excuse me (*leaves room, shoots face off with shotgun*)
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arklan
Legendary
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Activity: 1778
Merit: 1008
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November 20, 2013, 08:51:36 PM |
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The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks. Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket. Bitcoin has the ultimate chance to replace visa etc.. 7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin. If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die.
Guys, you heard it from [Date Registered: November 15, 2013, 01:22:48 PM], show's over. See you at the next Ponzi. Yea, here I have been buying bitcoins since 2011 thinking it would be the future of money and then this guy appears out of no where and totally blows my mind and makes me realize that it's all over, it will die if it can't facilitate 7 billion people in the next months. Man, how things can change. well, he's not totally batshit - i mean, the transaction limit IS an issue. the solution is complex though, obviously.
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Adrian-x
Legendary
Offline
Activity: 1372
Merit: 1000
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November 20, 2013, 08:54:30 PM |
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The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks. Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket. Bitcoin has the ultimate chance to replace visa etc.. 7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin. If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die.
Guys, you heard it from [Date Registered: November 15, 2013, 01:22:48 PM], show's over. See you at the next Ponzi. Yea, here I have been buying bitcoins since 2011 thinking it would be the future of money and then this guy appears out of no where and totally blows my mind and makes me realize that it's all over, it will die if it can't facilitate 7 billion people in the next months. Man, how things can change. I give up fresh eyes, I just didn't see this coming. What should i do with my bits of electronic cookies. I'll try sell some and then reformat , and we can start again from the same footing. Who's in?
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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November 20, 2013, 09:00:36 PM |
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So much for the maturing infrastructure, all exchanges are plagued by glitches not worthy of a multi billion currency .
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Carlor
Newbie
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Activity: 28
Merit: 0
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November 20, 2013, 09:01:17 PM |
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Guys, you heard it from [Date Registered: November 15, 2013, 01:22:48 PM], show's over. See you at the next Ponzi. That's a brilliant argumentation. I agree, especially given how freaking smart his math is... here we go, lets take the billions of people that don't have access to clean water, sanitation, fresh food, healthcare or a bank account... ok so should we count them in for 3 transactions... sounds good... next, the thing to do is.. excuse me (*leaves room, shoots face off with shotgun*) Ok, Mr. Smart. afaik we have 6.250.000 million visa transactions per hour. This is about 1700 transactions per second, right? So look at the 7 (!) transactions per second for bitcoin and then get your shotgun. Yea, here I have been buying bitcoins since 2011 thinking it would be the future of money and then this guy appears out of no where and totally blows my mind and makes me realize that it's all over, it will die if it can't facilitate 7 billion people in the next months. Man, how things can change. It can be the future of money. And it needs a change soon. But if you want to keep watching bubbles after bubbles the next 1 1/2 - 2 years until the party is over because people didn't understand the difference between WOW gold and bitcoins, please keep ignoring the facts
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ChartBuddy
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Activity: 2324
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 20, 2013, 09:01:30 PM |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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November 20, 2013, 09:01:56 PM |
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So much for the maturing infrastructure, all exchanges are plagued by glitches not worthy of a multi billion currency .
So was/is the Internet. If such things would have stopped people from jumping on the Internet, we would not be slow chatting here anno 2013.
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