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BitChick
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January 24, 2014, 09:37:58 PM |
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Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it.
Not necessarily. Long, slow downtrend is more detrimental than a two-weeks crash, consolidation and beginning of a new rally. That being said, I am a newbie and might (very possibly) be wrong. In my defense, check april 2013 vs 2011 "spurts". He doesn't want to hear that. He is a greedy bastard who is on the verge of becoming a millionaire and only wants to see the price increase to solidify that. We just had a crash and consolidation. Maybe we need another one. I don't know, but I don't want to see anybody get hurt, and nobody get's hurt if we only go up from here except the people waiting now for a lower price point with too much cash on the sidelines. I don't have a crystal ball and maybe waiting now is is good strategy, but it's good for Bitcoin if there's less volatility. There aren't even enough people involved with bitcoin to even care what happens at this point. 95%+ of the population hasn't even thought about Bitcoin, let alone paying any attention to it. There is plenty of time. If anything, a slower growth is better to keep all the evil eyes off of it for a surprise attack. I know you are probably getting old and shit and are hoping you are worth millions before you have to spend those coins on a Rascal and urine bag, but damn, relax. ok, that was funny. Hey, you may be right. This is completely new territory for everybody. We're making history here. Just don't miss your shot waiting for the perfect entry point. My dad top-ticked the 2011 bubble perfectly, buying in at the worst possible time. It actually worked out though because I know him and he would have lost his nerve if he had waited. You have the opposite problem. It might not crash and you never get in. If you get in now, worst case scenario is you lose a year or two before you're worth millions. (or we could all lose our asses, in which case the whole point is moot) You're young. A year or two seems llike a long time but it's not. Yes! Patience is a virtue. The funny thing is that in the world of Investing 10 years is not even that long of a time and we are talking about only a few years to really find out what will happen with Bitcoin. We should know by the middle and definitely by the end of this year what kind of curve we are looking at.
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billyjoeallen
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January 24, 2014, 09:39:49 PM |
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The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.
and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.
What are you talking about. 100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000. 1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000. That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10. The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive. That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff. Sigh. ok Junior, read carefully: 1 BTC=~$800 now ~1000% annual appreciation for the trend. in one year 1 BTC=~$8,0000 two years 1BTC=~$80,000 three years 1BTC=~$800,000 Four years 1 BTC=~$8,000,000 Five years 1 BTC=~80,000,000 $80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young. You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch.
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fonzie
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January 24, 2014, 09:41:54 PM |
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Vigil
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January 24, 2014, 09:44:00 PM |
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^Jesus!!! you think BTC is going to $80,000,000?
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delphic
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January 24, 2014, 09:44:22 PM |
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It's peurile (re)posts like this that make me think that half the 'technical analysts' in this thread actually spend their days in a kindergarten. Uses big words to condescend an intentionally terrible meme...spells puerile incorrectly. OK, so you're puerile. And your picture needs crayoning. That would be a better use of your time.
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adamstgBit
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January 24, 2014, 09:47:44 PM |
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^Jesus!!! you think BTC is going to $80,000,000?
why think when you can dream!
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delphic
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January 24, 2014, 09:52:37 PM |
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The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.
and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.
What are you talking about. 100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000. 1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000. That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10. The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive. That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff. Sigh. ok Junior, read carefully: 1 BTC=~$800 now ~1000% annual appreciation for the trend. in one year 1 BTC=~$8,0000 two years 1BTC=~$80,000 three years 1BTC=~$800,000 Four years 1 BTC=~$8,000,000 Five years 1 BTC=~80,000,000 $80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young. You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch. $80m x 12.3m Bitcoins (currently) = 12 x the entire sum of the GDPs of all the countries in the world. Or maybe you are on another planet.
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adamstgBit
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January 24, 2014, 09:54:52 PM |
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The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.
and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.
What are you talking about. 100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000. 1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000. That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10. The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive. That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff. Sigh. ok Junior, read carefully: 1 BTC=~$800 now ~1000% annual appreciation for the trend. in one year 1 BTC=~$8,0000 two years 1BTC=~$80,000 three years 1BTC=~$800,000 Four years 1 BTC=~$8,000,000 Five years 1 BTC=~80,000,000 $80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young. You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch. $80m x 12.3m Bitcoins (currently) = 12 x the entire sum of the GDPs of all the countries in the world. Or maybe you are on another planet. lol no. thats 80 million not Balizion
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electronistul
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January 24, 2014, 09:55:36 PM |
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Allright, back to observing, lads. It seems that each exchange has a ton of people watching the charts, on their toes, fingers above keyboards and mice, waiting to click the "Sell" button. Then they give it another 10 minutes, stroll out for a pee and a cigarette, just to get back to find out that "wow, it's almost the same price... well, maybe I'll wait a little longer". So - It's Friday late evening over here - is the "big crash" everyone's preaching about happening over this week-end, or not? If we do crash, could we do it in a civilized manner? If you hodl a stash greater than (amount x) - could you please not sell all at once, so we can also get off / on the train ? Thanks! ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) L.E. or, please - could we bounce back to ~800 levels on the more liquid exchanges ? Thanks x 2!
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adamstgBit
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January 24, 2014, 10:00:01 PM |
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ChartBuddy
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January 24, 2014, 10:02:31 PM |
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billyjoeallen
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January 24, 2014, 10:04:19 PM |
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^Jesus!!! you think BTC is going to $80,000,000?
Either the technology will be adopted or it won't. It's basically a binary outcome. it's still a long shot, but it's a heluva lot more likely than it was three years ago. do the math. What is Gold's market cap and what market share do you think Bitcoin will take? What is VISA and Mastercard's market cap and what market share do you think Bitcoin will take? and Western Union, Moneygram? and Paypal? and microtransactions? and national currencies? and SWIFT wire transfers? ACH? stuff we haven't even thought of yet?
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proudhon
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January 24, 2014, 10:04:57 PM |
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Thank you, ChartBuddy, for you work posting this confirmed bad news. An analysis of your analysis demonstrates that it is proven that bitcoin will crash based on the green and the red. Can you confirm?
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seldon
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January 24, 2014, 10:08:52 PM |
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Thank you, ChartBuddy, for you work posting this confirmed bad news. An analysis of your analysis demonstrates that it is proven that bitcoin will crash based on the green and the red. Can you confirm? Don't you get tired of this? Enjoyed some of the high-class trolling, but its getting boring again so quick.. maybe time for another break?
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delphic
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 24, 2014, 10:11:04 PM |
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^Jesus!!! you think BTC is going to $80,000,000?
Either the technology will be adopted or it won't. It's basically a binary outcome. it's still a long shot, but it's a heluva lot more likely than it was three years ago. do the math. What is Gold's market cap and what market share do you think Bitcoin will take? What is VISA and Mastercard's market cap and what market share do you think Bitcoin will take? and Western Union, Moneygram? and Paypal? and microtransactions? and national currencies? and SWIFT wire transfers? ACH? stuff we haven't even thought of yet? Nothing even remotely close to justifying 12.3m (or more) bitcoins having a value $80m each. Utter rubbish. For comparison, all the gold in the world is valued at aboout $10Tn, depending on estimates. That is far short of $984Tn. Looks like you didn't do the math.
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600watt
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January 24, 2014, 10:12:14 PM |
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Thank you, ChartBuddy, for you work posting this confirmed bad news. An analysis of your analysis demonstrates that it is proven that bitcoin will crash based on the green and the red. Can you confirm? Don't you get tired of this? Enjoyed some of the high-class trolling, but its getting boring again so quick.. maybe time for another break? he started writing for the NYT lately: http://dealbook.nytimes.com/2014/01/24/bitcoin-is-not-yet-ready-for-the-real-world/Could it be that this coding genius is instead enjoying computer-manufactured riches on some remote, tax-free island, or is he a cyber-terrorist who upon Bitcoin adoption will activate a Trojan-horse virus to bring world commerce back to the Stone Age? edit: talking about satoshi nakamoto!
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billyjoeallen
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January 24, 2014, 10:14:07 PM |
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The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.
and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.
What are you talking about. 100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000. 1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000. That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10. The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive. That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff. Sigh. ok Junior, read carefully: 1 BTC=~$800 now ~1000% annual appreciation for the trend. in one year 1 BTC=~$8,0000 two years 1BTC=~$80,000 three years 1BTC=~$800,000 Four years 1 BTC=~$8,000,000 Five years 1 BTC=~80,000,000 $80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young. You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch. $80m x 12.3m Bitcoins (currently) = 12 x the entire sum of the GDPs of all the countries in the world. Or maybe you are on another planet. $984 trillion is only a fraction of the world's derivatives market. http://www.nakedcapitalism.com/2013/03/worldwide-derivatives-market-estimated-as-big-as-1-2-quadrillion-as-banks-fight-efforts-to-rein-it-in.html
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Adrian-x
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January 24, 2014, 10:20:28 PM |
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Could it be that this coding genius is instead enjoying computer-manufactured riches on some remote, tax-free island, or is he a cyber-terrorist who upon Bitcoin adoption will activate a Trojan-horse virus to bring world commerce back to the Stone Age? edit: talking about satoshi nakamoto! ... and the Hadron Collider will create a black hole and we'll all be sucked in, this has to stop now before it is too late. In reality we use the wheel not because we trusted the inventor but because we find it useful.
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delphic
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January 24, 2014, 10:22:13 PM |
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The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.
and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.
What are you talking about. 100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000. 1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000. That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10. The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive. That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff. Sigh. ok Junior, read carefully: 1 BTC=~$800 now ~1000% annual appreciation for the trend. in one year 1 BTC=~$8,0000 two years 1BTC=~$80,000 three years 1BTC=~$800,000 Four years 1 BTC=~$8,000,000 Five years 1 BTC=~80,000,000 $80 mil is a position to produce stuff. Now this trend may slow down, but again, you're young. You say you want to swing for the fences. Good. I'm like that too. Just don't strike out waiting for the perfect pitch. $80m x 12.3m Bitcoins (currently) = 12 x the entire sum of the GDPs of all the countries in the world. Or maybe you are on another planet. $984 trillion is only a fraction of the world's derivatives market. http://www.nakedcapitalism.com/2013/03/worldwide-derivatives-market-estimated-as-big-as-1-2-quadrillion-as-banks-fight-efforts-to-rein-it-in.htmlAh, you're one of those people who think that derivatives are 'real'. A sells a product to B for $1. B sells it back to A for $1. A total of $2 has changed hands. The market was $2. Doesn't make the product worth $2. We'll probably see how 'real' that house of cards is sooner rather than later.
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