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machasm
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May 15, 2019, 05:00:17 PM |
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Is it a scene from the future "Housewives of Beverly Hills" episode? There are currently only 2.8-3.5 mil btc owners with more than 1 BTC. I doubt that there will be many more. Compare it to more than 40mil millionaires in the World and about 5 million millionaires with wealth above 5mil (3.2885 mil with wealth of $5-10mil). So, basically, having ONE btc is the equivalent (in rarity) of having $5-10mil in fiat wealth. https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95+ google global wealth report, there is a pdf link there. A lot of us here must be in the top 1%. |
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Biodom
Legendary
 Offline
Activity: 3738
Merit: 3843
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May 15, 2019, 05:02:01 PM |
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An OG with 50k coins will have more power than most countries do now.
~150 of them will have half the world's wealth.
By far the most people will not have any money at all.
Bitcoin will bring about a new feudal technocracy.
But first, complete chaos.
That very well may be, but how exactly would you exert that wealth without spending precious bitcoin and thereby, reducing your bitcoin stash? Bitcoin lending? Why would some lend a deflationary asset? Borrowing cash against your btc stash? That can turn ugly at 80% drawdown. Bitcoin interest-a ridiculous idea that is not even practical without someone rehypothicating bitcoin, which should be a bad habit. I am close to 100% certain that blockFi will kick the bucket at one point or another. You could do lending crypto to crypto with a smart contract with assets put on the line as collateral but of course this would need to be all cleared by the government as binding before anyone would risk it. Yes, my point is that you cannot do anything without spending or somehow lending it out, so OGs will have difficulty influencing much, unless some secondary markets develop. They could buy stock in Volkswagen as they own Lamborghini and that shits going to spike. That might be a safe bet actually 😉 LOL..so that 2008 superspike in Volkswagen stock was maybe a premonition of things to come? JK https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028 |
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_javier_
Member
Offline
Activity: 444
Merit: 31
Still a manic miner
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May 15, 2019, 05:09:59 PM |
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Sorry for the offtopic, but LTC has just had a massive green candle.. Maybe BTC is next.
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BitcoinGirl.Club
Legendary
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Activity: 2758
Merit: 2711
Farewell LEO: o_e_l_e_o
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May 15, 2019, 05:13:35 PM |
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Sorry for the offtopic, but LTC has just had a massive green candle.. Maybe BTC is next.
You are saying that we are going to see $10k in the next few hours? 🤪 |
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Biodom
Legendary
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Activity: 3738
Merit: 3843
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May 15, 2019, 05:15:56 PM |
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BitcoinGirl.Club
Legendary
Offline
Activity: 2758
Merit: 2711
Farewell LEO: o_e_l_e_o
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May 15, 2019, 05:18:31 PM |
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bitcoins are way too hard to understand by old schools like Warren Buffett. |
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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May 15, 2019, 05:28:41 PM |
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So ETH got pumped now. Seems like BTC run is over.
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VB1001
Legendary
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Activity: 938
Merit: 2540
<<CypherPunkCat>>
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May 15, 2019, 05:30:05 PM |
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 https://twitter.com/charliebilello/status/1128050320473579521At 0%, Bitcoin has a higher yield than government bonds in 18 countries whose central banks are attempting to debase their currencies and inflate asset prices.
In unrelated news, Bitcoin is up 112% year-to-date.
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kenzawak
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May 15, 2019, 05:36:59 PM |
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So ETH got pumped now. Seems like BTC run is over.
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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May 15, 2019, 05:42:59 PM |
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So ETH got pumped now. Seems like BTC run is over.
ETH gained 17% from $200 to $240 in the last 24 hours and Bitcoin hovering at 8k for 2 days, wich seems bearish to me when I compare it to similar past events. Of course I hope I am wrong and the bull run goes on for a year or longer and this is just a cool down. |
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Cryptotourist
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May 15, 2019, 05:49:35 PM |
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Yeah except eth didn't fucking move it's btc pair at all for the entire 6-8k. It's just moving back to .03 that's all.
But it did move from $6k-$8k. Lost BTC value, that it's gaining back. Went from 0.032 to 0.025 roughly. Which exchange? Edit: Binance I suppose.  |
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rdbase
Legendary
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Activity: 2856
Merit: 1499
Join the world-leading crypto sportsbook NOW!
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May 15, 2019, 05:59:30 PM |
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^^ Cash app the largest way americans can exchange their usd to crypto and being owned and operated by square is a huge market for bitcoin usage. Fidelity's announcement trading of bitcoin allowed on their platform is what I believe spurred the ramp up of the price in the past week.  Inching closer and closer to the $10k mark we all have been waiting for since achieving the all time time so long ago. |
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zhekinsp
Full Member
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Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
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May 15, 2019, 06:04:37 PM |
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So ETH got pumped now. Seems like BTC run is over.
ETH gained 17% from $200 to $240 in the last 24 hours and Bitcoin hovering at 8k for 2 days, wich seems bearish to me when I compare it to similar past events. Of course I hope I am wrong and the bull run goes on for a year or longer and this is just a cool down. Nothing to consider that slight dump as bearish,just the correction time of bitcoin after that huge recovery from bottom price. |
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Paashaas
Legendary
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Activity: 3422
Merit: 4342
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May 15, 2019, 06:08:19 PM |
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Icygreen
Legendary
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Activity: 1463
Merit: 1135
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May 15, 2019, 06:16:14 PM |
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Haha, look who wants your bitcoin, just got this email from coinbase. Paypal won't allow you to buy BTC but they'll gladly relieve you of yours. SMH  |
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kenzawak
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May 15, 2019, 06:21:19 PM |
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Soon... they'll all want one.  |
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Toxic2040
Legendary
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Activity: 1792
Merit: 4141
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May 15, 2019, 06:32:25 PM |
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Good morning all. Sorry..there has been far too much gentlemen happening for me to be bothered posting lately. Deal with it.   ---------- #dyor 1h  4h  D  52 week smoothed MA W  #stronghands |
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