hv_
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Merit: 1055
Clean Code and Scale
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March 17, 2020, 06:46:13 AM |
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hey
where the fuck is V8?
it's been 4 days...
Fuel is fcing cheap - streets are empty , Im sure he has fun  |
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JSRAW
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Activity: 2142
Merit: 1536
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March 17, 2020, 06:51:41 AM Merited by JayJuanGee (1) |
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I am glad that you are not my boyfriend (#nohomo)
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Wilhelm
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Activity: 1652
Merit: 1265
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March 17, 2020, 06:59:18 AM |
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This was one of the comments:  To da m00n!!! |
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Bossian
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Activity: 450
Merit: 59
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March 17, 2020, 07:00:32 AM |
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Yes, it *has* been that bad ever since the '08 financial crisis: A complete zombie economy hanging by a string.
Eh, we're merely back to 2018 levels. It needs to fall a LOT more to hit 2008 values. It's nice to remain optimistic but frankly all signs point to a financial and economical breakdown much harder than 2008. I remember 2008 well, and it will feel like heaven compared to 2020. I am not talking about anything related to Bitcoin but many will rush to withdraw fiat, I fear some banks will bankrupt in Europe. Asia will probably suffer less compared to the West. |
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Wilhelm
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March 17, 2020, 07:09:48 AM Merited by JayJuanGee (1) |
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I'm actually impressed as hell, that after today and such that we are at $8,100.00 USD BTC as I type this.
You must either be a future traveler or a traveller of the past, Searing. Alternatively, you might need to refresh your page or reboot your computer. Just for the record: In the past three hours, BTC prices have largely bounced between $5,200 and $5,400.... There have been no significant or meaningful BTC price movements or spikes outside of that price range... so far. Can ONLY wish.. maybe in a week or two, best case scenario, and a year or so, worser-case scenario (I won't mention the actual worst-case scenario, we already have enough depressing news in actual reality and also coming through the keyboards of certain doom and gloom bear-leaning BTC price prognosticators).Trying to re-live my 'big balls' 2013 newbie past, when I dumped 1/4 of my take-home income on a KNC Jupiter BTC miner. Man the BTC/Crypto kool-aid was strong back then... I'm probably gonna 'wimp' out but I'm trying! Damn, I was an 'impressive' newbie...I miss the stupid and dumb luck stuff I used to just do and be correct...and take it as a given... ah..the BTC/Crypto 'cult' was strong in my heart then.  The days that mining 0.02 BTC a day on a video card was considered a loss.... Risking $1500 to buy 5btc.... those were the days   |
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VB1001
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<<CypherPunkCat>>
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March 17, 2020, 07:16:27 AM Merited by JayJuanGee (1) |
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 https://twitter.com/glassnode/status/1239612395976159233
We are in an uncertain situation around the world, Bitcoin continues its way, I do not know how long fear will spread in traditional markets, the current price of Bitcoin is because of the current uncertainty, not because of a Bitcoin problem. Can we keep going down? yes You decide whether to sell or take advantage of opportunities to buy more. Disclaimer, this is not a purchase recommendation. |
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VB1001
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Activity: 938
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<<CypherPunkCat>>
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March 17, 2020, 07:18:12 AM |
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hey
where the fuck is V8?
it's been 4 days...
He's swapping hats with gretta. |
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El duderino_
Legendary
 Online
Activity: 2492
Merit: 11998
BTC + Crossfit, living life.
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March 17, 2020, 07:27:54 AM |
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hey
where the fuck is V8?
it's been 4 days...
He's swapping hats with gretta. The man will be taking care of some business at home probably.... We all have families and times are strange, so nothing special of being offline for some days... |
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Cryptotourist
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March 17, 2020, 07:49:12 AM |
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Consider the logic, too.
Since a large number of bitcoins were mined below $50, ~
Mined a few coins in 2013 with a few desktop PC's that were available to me. It was somewhere around $200 per coin then, and I thought that it was not worth it to carry on mining, as it was more or less the value of the electricity. Got back in three years after, May 2017. Mined most minable shitcoins in 2018 for fun. I understand your point. |
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John Abraham
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March 17, 2020, 08:02:33 AM |
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Most bitcoins were mined when their price was below 50 bucks. There are millions of them.
Do you understand what means?
It means this whole thing can go to zero and halvening don't really mean shit. There is no bottom. No TA.
You are right that BTC has no bottom. No TA, it can go zero anytime but I don't agree that most of the bitcoins were mined under $50 price of BTC doesn't necessarily mean that all these mined bitcoins are not moved. Other people have valued these BTCs more higher than $50 and it's not $50 for them. I don't have idea about how many BTC isn't moved 2013 (Would apprecaite if anyone shared a tool to check if available.), depending on that stats, I don't think these will be a couple of millions. I assumed the figure and the opinion is from that assumption. Correct me if I'm wrong. |
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El duderino_
Legendary
Online
Activity: 2492
Merit: 11998
BTC + Crossfit, living life.
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March 17, 2020, 08:20:27 AM |
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Where is the corn going at... +6K or below bottom.... to many questions, just ride along I guess
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JSRAW
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Activity: 2142
Merit: 1536
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March 17, 2020, 08:27:59 AM |
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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March 17, 2020, 08:30:33 AM |
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Most bitcoins were mined when their price was below 50 bucks. There are millions of them.
Do you understand what means?
It means this whole thing can go to zero and halvening don't really mean shit. There is no bottom. No TA.
You are right that BTC has no bottom. No TA, it can go zero anytime but I don't agree that most of the bitcoins were mined under $50 price of BTC doesn't necessarily mean that all these mined bitcoins are not moved. Other people have valued these BTCs more higher than $50 and it's not $50 for them. I don't have idea about how many BTC isn't moved 2013 (Would appreciate if anyone shared a tool to check if available.), depending on that stats, I don't think these will be a couple of millions. I assumed the figure and the opinion is from that assumption. Correct me if I'm wrong. It doesn't matter that much. Many of those coins are already "lost" forever or in very strong hands. In the second choice, we are talking about hodlers that have had the opportunity to sell at this and way higher prices already... and probably they have already extracted as much FIAT as they wanted, so they don't really NEED to sell now at suboptimal prices. Most of the selling we always see are usually just weak hands, people that needs the money or that simply just realise how much overinvested they really were. Also in a liquidity crisis some of those hodlers might want to go bargain hunting stocks or other commodities so it is completely natural that BTC price also dumps to the point were they risk/profit ratio is again better than that one of stocks. In a situation like this, cash is king short term... Althought you don't want to stay on it when the recovery starts as it will be left way behind. When that happens, some will go to stocks, some to BTC, etc... until everything rebalances again. Past production/acquisition costs (like $50 per coin) are a thing of the past. I bought my first coin at around 50€. Yet that figure is now completely irrelevant to me after having had plenty of opportunities over the years to sell it for thousands... and even having bought others for thousands instead. So that's how much I value my coins. Would I sell for less if I really *NEEDED* it? Probably... if I really can't avoid it. I am sure someone with heaps of those $50 coins is not in much need. Even though, some will sell... and some others will buy. As it has always been. |
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bitebits
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Flippin' burgers since 1163.
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March 17, 2020, 08:38:28 AM |
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Just a bit of fun speculation -
What price do you see one bitcoin being valued at in 10 years, take a guess?
I'd be absolutely fucking delighted with $5,000 per bitcoin.
Just a little blast from the past. And LFC is still buying like a bandit today. Add another 5 years and he is probably still just wall observing. From his private island. And fucking deserves it for taking the risk. |
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LFC_Bitcoin
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#1 VIP Crypto Casino
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March 17, 2020, 08:40:03 AM |
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Just a bit of fun speculation -
What price do you see one bitcoin being valued at in 10 years, take a guess?
I'd be absolutely fucking delighted with $5,000 per bitcoin.
Just a little blast from the past. And LFC is still buying like a bandit today. Add another 5 years and he is probably still just wall observing. From his private island. And fucking deserves it for taking the risk. Out of fiat now, all future buys will be money laundered from our business lul. |
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Phil_S
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Activity: 2090
Merit: 1461
We choose to go to the moon
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March 17, 2020, 08:45:18 AM |
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I'm not sure that picture is still valid.
It used to be that hordes of barbarians will invade, pillage and plunder the weak country.
Now the culture is pretty much the same everywhere. Netflix and videogames.
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JSRAW
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Activity: 2142
Merit: 1536
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March 17, 2020, 08:49:38 AM |
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Visuals are irrelevant, words are not..
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Wilhelm
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Activity: 1652
Merit: 1265
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March 17, 2020, 08:53:21 AM |
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Visuals are irrelevant, words are not..
A picture speaks a thousand words... so they are relevant  |
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Cryptotourist
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March 17, 2020, 08:54:27 AM |
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 I guess BTC is zed. According to tradition though, it should get resurrected around Easter time. 
Visuals are irrelevant, words are not..
Strong disagree there buddy. Ever heard "one picture, 1000 words?"Edit: beaten again ffs! |
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