billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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January 24, 2014, 10:59:31 PM |
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^Jesus!!! you think BTC is going to $80,000,000?
If 90% of BTC are consumed by reserve demand and 50% of the global GDP is denominated in bitcoin, we will see $80mm/btc. Yup. But that would be a very different world to the one we currently live in. That's the idea ;-) Seriously, Bitcoin has the potential to do much more than merely replace national currencies. It has the potential to allow dramatically increased world productivity and wealth. The financial sector is currently sucking off around 8% of global economic activity. Bitcoin could cut that in half. There are more cars per capita now than there were horses per capita 150 years ago. This is because additional utility is produced at the margins. A more efficient disruptive technology can take more than 100% market share of the technology it replaces.
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fonzie
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January 24, 2014, 11:01:46 PM |
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World Peace & World Hunger are next to be solved. Fact! I can see it in the logarithmic chart! Fact!
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Ducky1
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January 24, 2014, 11:05:16 PM |
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just use bitsimple.com easy easy easy...
Can you sell as much as you want there without moving the price?
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kurious
Legendary
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Activity: 2590
Merit: 1643
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January 24, 2014, 11:08:37 PM |
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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.
The market doesn't care if people get hurt. And the market surely doesn't give a fuck what is good for bitcoin. Comment of the day. And any hope we will reach a new paradigm of 'less volatility' may not quite pan out. I mean we haven't seen massive swings for oooh, it must be weeks now, right?
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virtualfaqs
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January 24, 2014, 11:11:00 PM |
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just use bitsimple.com easy easy easy...
Can you sell as much as you want there without moving the price? What are the advantages of bitsimple? Looks like they're taking 4%.
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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January 24, 2014, 11:20:45 PM |
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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.
The market doesn't care if people get hurt. And the market surely doesn't give a fuck what is good for bitcoin. Comment of the day. And any hope we will reach a new paradigm of 'less volatility' may not quite pan out. I mean we haven't seen massive swings for oooh, it must be weeks now, right? I care and I'll be buying the whole way down if it goes that way. I'm part of the market too, ya know. I'll be doing it for the good of the network, but I'm gonna make a good amount of coin doing so. It's the incentives that make bitcoin almost indestructible.
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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January 24, 2014, 11:23:03 PM |
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What is uselles? BTC-E or Altcoins? I would agree with both Altcoins of course. By the way, BTC-e is awesome.. don't bad mouth them. Trading there is more fun than on Bearstamp or Mt.Bullshit. lulz
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TERA
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January 24, 2014, 11:45:04 PM |
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We didnt have a proper rallydowntrend for a long time, all this dumpingrallying is getting boring.
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KFR
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January 24, 2014, 11:48:28 PM |
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^Jesus!!! you think BTC is going to $80,000,000?
If 90% of BTC are consumed by reserve demand and 50% of the global GDP is denominated in bitcoin, we will see $80mm/btc. Yup. But that would be a very different world to the one we currently live in. That's the idea ;-) Seriously, Bitcoin has the potential to do much more than merely replace national currencies. It has the potential to allow dramatically increased world productivity and wealth. The financial sector is currently sucking off around 8% of global economic activity. Bitcoin could cut that in half. There are more cars per capita now than there were horses per capita 150 years ago. This is because additional utility is produced at the margins. A more efficient disruptive technology can take more than 100% market share of the technology it replaces. I was careful to be distinct about fiat inflation. Don't get me wrong - I think Bitcoin's epic and I'm a bit of a permabull too. But one bitcoin having the equivalent purchasing power of $80m of today's dollars within just five years just doesn't compute. It's just not feasible.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 24, 2014, 11:53:32 PM |
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just use bitsimple.com easy easy easy...
Can you sell as much as you want there without moving the price? What are the advantages of bitsimple? Looks like they're taking 4%. simple fast unlimited liquidity
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KFR
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January 24, 2014, 11:55:43 PM |
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Global remittance business (Western Union etc.) = $0.5 trillion
This is a gross under-estimate -- US-centrism is blinkering you. WU and MoneyGram *alone* do 0.685 tn usd/an in remittances. Hawala networks, non-US related remittances, Internet-based remittances multiply this by a *large* factor. There are nations of central Asia in which 60% of the GDP consists of remittances (mostly from Russia and Kazakhstan.) I don't doubt that at all - I was being lazy and just quoted a figure I'd heard Andreas Antonopoulos using. I'm usually the one pointing out when people are being too US-centric so thanks for that.
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virtualfaqs
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January 25, 2014, 12:00:49 AM |
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just use bitsimple.com easy easy easy...
Can you sell as much as you want there without moving the price? What are the advantages of bitsimple? Looks like they're taking 4%. simple fast unlimited liquidity Nice. Always good to have more competition, but I'm ok with slow and limit for 3%.
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ChartBuddy
Legendary
Online
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 25, 2014, 12:02:27 AM |
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fonzie
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January 25, 2014, 12:03:03 AM |
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TERA
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January 25, 2014, 12:06:58 AM |
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JimboToronto
Legendary
Online
Activity: 4172
Merit: 4816
You're never too old to think young.
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January 25, 2014, 12:23:27 AM |
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Wow. 3 red candles in a row!!! The sky is falling in. Everybody sell. Too bad it's not quite as impressive as the 8 consecutive green candles at the start of the month. Sorry noobs, just because you missed the train, it doesn't mean that they're going to back it up to let stragglers hop aboard.
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dgarcia
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January 25, 2014, 12:24:04 AM |
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It's bullish. All the the time it's bullish. Short-Term, Mid-Term, Long-Term: Bullish. If it goes to 400,00$, it's bullish, it's short term bullish, 'cause cheap coins.
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fonzie
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January 25, 2014, 12:31:59 AM |
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It's bullish. All the the time it's bullish. Short-Term, Mid-Term, Long-Term: Bullish. If it goes to 400,00$, it's bullish, it's short term bullish, 'cause cheap coins. If bankster/economists are pro it´s bullish, if they´re negative it´s extreme bullish. If China leaves the market it´s bullish, if Gox get´s closed - Super bullish. This list could go on forever! We already heard that 1 BTC will be around 80 000 000$ in 5 years. I really don´t understand why not everyone mortgages everything and quit their jobs, it´s quite obvious that all BTC holders even if they own less then one will be filthy rich. You bears will cry if you miss the choo choo to 10000$ which is about to take off any minute.
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ArticMine
Legendary
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Activity: 2282
Merit: 1050
Monero Core Team
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January 25, 2014, 12:38:41 AM |
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I would keep a close watch on the US stock market. If the DOW and S&P keep crashing, I would not be surprised if we see BTC and other crypto currencies breaking out on the upside.
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