bitserve
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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December 18, 2019, 09:59:25 PM |
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This is fine.
That being said we won't be out of the woods until after $8K+.
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bitserve
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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December 18, 2019, 10:14:17 PM |
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Coming out of retirement happens more often than you think. Not one in a million. I wasn't exactly retired a couple years ago, but then I was unemployed surviving on coins. Wasn't enough I guess.
IIRC, you played your cards really well (converted the altcoins into BTC at the peak) and ended with around 50BTC a couple of years ago. WTF did happen? I didn't convert them all. That was the value if I had. So yeah .... right ... The alts were ... staking or getting rewards, and I lived off those rewards without eating into the principal, so in that sense I wasn't losing. But then everything crashed, so the alts weren't enough. If I did convert it all, I would most likely still be unemployed today but it's a good thing I discovered all sorts of traditional financial investments because of that that I'd know better what to do next time and at least set aside some as a conservative investment in fiat, or as an emergency fund at least. Other things happened in between, like exchanges literally dying as I was trading them, so lost some that way. Sorry to hear that. I remember that, at the time, I though it was envious how well you played the up and downs, but I guess shit can always happen no matter what. 50BTC would still be a pretty healthy stash even at current prices. I am not too much into alts, but I do remember how Byteball, for example, had an sky high valuation while it was paying "rewards" and then it dropped to almost nothing when it stopped doing it. I guess the moral of the story is that alts will always be alts and Bitcoin is the only safe (even if volatile) store of value.
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mindrust
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Activity: 3388
Merit: 2508
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December 18, 2019, 10:37:50 PM |
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Everybody has gotten smarter since the last shitcoin mania which means shitcoins may never reach their ath prices again.
Bitsend used to be $2, burst was what? $0.1 or smth. They nearly lost 99% of their value.
The free bsd I got from the airdrop used to be worth nearly $2k. Now it is only worth a bottle of beer.
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jbreher
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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December 18, 2019, 10:45:43 PM |
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It is faith in mathematics and rationality of the humans. Still faith, but a lesser one.
Nah mate, you don't need faith in mathematics, that's an oxymoron. Faith is a belief in something you cannot prove, like religion as you said, but very much unlike math(s). To be pedantic about it, all of mathematics lay upon lists of unprovable axioms.
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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It is faith in mathematics and rationality of the humans. Still faith, but a lesser one.
Nah mate, you don't need faith in mathematics, that's an oxymoron. Faith is a belief in something you cannot prove, like religion as you said, but very much unlike math(s). To be pedantic about it, all of mathematics lay upon lists of unprovable axioms.
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JayJuanGee
Legendary
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Activity: 3850
Merit: 10872
Self-Custody is a right. Say no to"Non-custodial"
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December 18, 2019, 10:49:45 PM |
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Coming out of retirement happens more often than you think. Not one in a million. I wasn't exactly retired a couple years ago, but then I was unemployed surviving on coins. Wasn't enough I guess.
IIRC, you played your cards really well (converted the altcoins into BTC at the peak) and ended with around 50BTC a couple of years ago. WTF did happen? I didn't convert them all. That was the value if I had. So yeah .... right ... The alts were ... staking or getting rewards, and I lived off those rewards without eating into the principal, so in that sense I wasn't losing. But then everything crashed, so the alts weren't enough. If I did convert it all, I would most likely still be unemployed today but it's a good thing I discovered all sorts of traditional financial investments because of that that I'd know better what to do next time and at least set aside some as a conservative investment in fiat, or as an emergency fund at least. Other things happened in between, like exchanges literally dying as I was trading them, so lost some that way. Sorry to hear that. I remember that, at the time, I though it was envious how well you played the up and downs, but I guess shit can always happen no matter what. 50BTC would still be a pretty healthy stash even at current prices. I am not too much into alts, but I do remember how Byteball, for example, had an sky high valuation while it was paying "rewards" and then it dropped to almost nothing when it stopped doing it. I guess the moral of the story is that alts will always be alts and Bitcoin is the only safe (even if volatile) store of value. The paying of rewards or interest are ways to trick people out of their bitcoins. Lot's of previous BTC HODLers get tricked into no coiner status (or near no coiner status) due to these kinds of get rich quick or passive income (that is really not passive income) ploys. Everybody has gotten smarter since the last shitcoin mania which means shitcoins may never reach their ath prices again.
I will believe it when I see it regarding 1) people actually getting smarter. There is still a lot of dumb money out there given that BTC/crypto adoption is likely in the 1% of the population arena... 2) a decent quantity of shitcoins could still pump again. Might not be all of the same ones, but there are some shitcoins that likely have pumpening skills to re-enliven their worthless zombie projects into pumpementalisms 2.0 or 4.0 or whatever revivalism version.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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December 18, 2019, 10:53:57 PM |
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ok, enough of this shitshow. I demand a pump! I demand the mother of all pumps! Nuke the alts, sacrifice the shitcoins as bitcoin fuel. go go go!
Good work, vroom.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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December 18, 2019, 10:55:49 PM Merited by vapourminer (1) |
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Nah, capitalism and free market will very soon produce a portable ad on that makes the seat level again. I might suggest the voluminous employee manual be wedged between seat and bowl.
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bitcoinPsycho
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Activity: 2618
Merit: 2369
$120000 in 2024 Confirmed
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December 18, 2019, 10:59:20 PM |
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Now $100K? In one hour
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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December 18, 2019, 10:59:33 PM |
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MAKE A CHRISTMAS PRESENTS THAT HAS VALUE
Give bitcoin to your dear ones.
If everyone did, we'd have a nice Xmas pumplet on our hands.
SO GET ON WITH SOME SERIOUS GIVING, FOLKS!
Always do.
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ivomm
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Activity: 1884
Merit: 3074
All good things to those who wait
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December 18, 2019, 11:00:14 PM |
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I am so calm and confident about Bitcoin, yet I couldn't sleep and decided to take a peek at the price - $7290! And earlier today we were free falling to $6400. This is very good bullish sign! And bakkt hit record highs again - over 6200 bitcoins put into contracts today! I guess some of them were bought in the last 24 hours, so bakkt has some impact on the price after all!
Edit. The price shot up to 7440 while I was writing!
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Bitcoinaire
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December 18, 2019, 11:00:36 PM |
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Bitcoin up $1,000 since the lows today!
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Raja_MBZ
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Activity: 1862
Merit: 1505
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December 18, 2019, 11:02:22 PM |
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It really looks like alts are about to fall against BTC in the next couple of days, due to the short-term head-and-shoulders pattern being formed on the majority of ALTS/BTC. This may be a signal of bitcoin's significant move in the next few days. My guess is, it'd be (very) up.
I still believe it. It might not have happened in the past couple of days but it should happen very soon IMO.
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Hyperjacked
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Activity: 1610
Merit: 1119
It's all mathematics...!
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December 18, 2019, 11:09:05 PM |
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Shorts are gonna get rekt Disclaimer: bought the dips and burned The manipulators
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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December 18, 2019, 11:12:14 PM |
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We don't use coinbase in these here parts.
Krexyun: You don't use Coinbase in these here parts.
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dragonvslinux
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Activity: 1708
Merit: 2213
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December 18, 2019, 11:14:18 PM |
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Now $100K? In one hour 10 minute candle, coming right up...
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UnDerDoG81
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Activity: 2179
Merit: 1201
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December 18, 2019, 11:53:38 PM |
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Back in 2014 when I entered Bitcoin $10 gains were normal and $100 gains a day were huge. Now some times $1000 gains a day seem normal. Maybe soon $10k a day gains will be huge.
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fillippone
Legendary
Online
Activity: 2296
Merit: 16419
Fully fledged Merit Cycler - Golden Feather 22-23
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December 18, 2019, 11:59:28 PM |
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Bakkt is going to set a new record today: ∙ Today's volume so far: 6162 BTC ($44.44 million) ∙ Last traded price: $7,213 ∙ Trading day progress: 67% ∙ Current daily Bakktarget™: 7106 BTC ($51.25 million)
https://twitter.com/bakktbot/status/1207438396332883970Previous record was 5671 BTC on Nov 27th
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Hueristic
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Activity: 3948
Merit: 5349
Doomed to see the future and unable to prevent it
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December 19, 2019, 12:00:43 AM |
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Thanks for the link, good read. What the fuck have i been doing in this thread for nearly 6 years? Pumpening bitcoin, and no other fucking coin. Stop being delusional, and spreading misinformation - otherwise gonna have to bring out batman, and you would not want that.
You playing the Long Con? Well shit I wrote a ton of shit and lost it all and gotta run so I'll try to type all that worthless crap out again tonight. Still Hodling with a small grimace.
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