PoolMinor
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XXXVII Fnord is toast without bread
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April 09, 2014, 10:13:10 PM |
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http://en.wikipedia.org/wiki/Sunk_costsFWIW, I think bitcoin is really under-priced right now, but I also know that Keynes was right when he said that markets can stay irrational longer than you can stay solvent. I need to position myself to take advantage of that irrationality should it continue rather than be at it's mercy. Honestly... if you have to "tell people"... then you might be the only one with that thought. (true or not)
Buy what you can. If others believe it, they will buy too. If they don't buy... then you might be wrong...
Though, in additional honesty... All coins are under-valued. The act of telling people is as useless as yelling at the TV to make your football team play better.
The problem isn't that people don't want to buy a valuable coin. The problem is simply that people want quick returns, with high value. Value is mostly determined by loss, with all coins. Fastest way to add value is to take it from others. (Theft, loss, taxes and mining operating-expense is where these coins get the primary value.)
Without loss, a dollar is always equal to a dollar. Nothing more, nothing less. (Only a dollar is never actually worth a dollar, ever, thus it is in perpetual loss. Creating the illusion of increased value. Reality is, you get less and less each passing. Just like a coin...)
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JayJuanGee
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Activity: 3850
Merit: 10889
Self-Custody is a right. Say no to"Non-custodial"
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April 09, 2014, 10:17:10 PM |
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There are many ways to manipulate a market, but the ultimate enemy of a manipulator is time. If you have the patience, price will always return to it's real value. If it doesn't return ,then by definition it's not manipulation. What really worries me is the talk of the bulls on this thread. http://en.wikipedia.org/wiki/Sunk_costs. The sunken cost fallacy is a real observed market phenomenon. Most of you have not had to hold an underwater bitcoin position for years. I have. It was not a smart thing to do. It was an act of faith. How strong is your bitcoin faith? The market will test you. Bitcoin isn't dead. Not even close, but if you don't think it's even possible to get much much worse before it gets better, then I can assure you it can. With all the talk about Gox and China, what worries me is if some other completely unrelated disaster happens before we've recovered. Bad guys don't play fair. They will kick you when you're down. They are out there. I'm intentionally being discouraging right now. It's better to get out now if you're going to get out than to hold on until you can't hold on any longer. Bitcoin doesn't need you to go broke for the cause. Honey Badger don't care. NOT causing me to sell. I will wait it out and keep buying BTC as the prices go down to $200 or even lower... but I tend to doubt the likelihood of that $200 scenario - even though I agree with you that such a scenario is possible.
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Zule
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Activity: 84
Merit: 10
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April 09, 2014, 10:22:40 PM |
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There are many ways to manipulate a market, but the ultimate enemy of a manipulator is time. If you have the patience, price will always return to it's real value. If it doesn't return ,then by definition it's not manipulation. What really worries me is the talk of the bulls on this thread. http://en.wikipedia.org/wiki/Sunk_costs. The sunken cost fallacy is a real observed market phenomenon. Most of you have not had to hold an underwater bitcoin position for years. I have. It was not a smart thing to do. It was an act of faith. How strong is your bitcoin faith? The market will test you. Bitcoin isn't dead. Not even close, but if you don't think it's even possible to get much much worse before it gets better, then I can assure you it can. With all the talk about Gox and China, what worries me is if some other completely unrelated disaster happens before we've recovered. Bad guys don't play fair. They will kick you when you're down. They are out there. I'm intentionally being discouraging right now. It's better to get out now if you're going to get out than to hold on until you can't hold on any longer. Bitcoin doesn't need you to go broke for the cause. Honey Badger don't care. If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month. Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others
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keystroke
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April 09, 2014, 10:24:36 PM |
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Not quite. Miners will do whatever gives more benefit to themselves. Is the 21 million BTC cap good for them?
Yes, it is. Without it, their BTC would become worthless. I'm quite sure that BTC will be destroyed by miners one day, not because it is in their interest, but because people do things which are against their own interests. But that will not happen before we can switch to a more distributed protocol with higher immunity. What will this protocol look like? Less mining pools? Can't we just patch Bitcoin?
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KeyserSoze
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April 09, 2014, 10:33:20 PM |
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Breaking news from the International Olympic Committee: Bitcoin has been clocked running the 440 in 5 days.
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MinermanNC
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Activity: 2198
Merit: 1000
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April 09, 2014, 10:41:12 PM |
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Everybody relax BTC is fine and just going through the motions of growth.... we have seen a nice landing and leveling/cooling off period and I'm sure its getting ready to rebound don't ask me how I know cause I can't explain it...lol,,, sorry no charts here
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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April 09, 2014, 10:50:09 PM |
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There are many ways to manipulate a market, but the ultimate enemy of a manipulator is time. If you have the patience, price will always return to it's real value. If it doesn't return ,then by definition it's not manipulation. What really worries me is the talk of the bulls on this thread. http://en.wikipedia.org/wiki/Sunk_costs. The sunken cost fallacy is a real observed market phenomenon. Most of you have not had to hold an underwater bitcoin position for years. I have. It was not a smart thing to do. It was an act of faith. How strong is your bitcoin faith? The market will test you. Bitcoin isn't dead. Not even close, but if you don't think it's even possible to get much much worse before it gets better, then I can assure you it can. With all the talk about Gox and China, what worries me is if some other completely unrelated disaster happens before we've recovered. Bad guys don't play fair. They will kick you when you're down. They are out there. I'm intentionally being discouraging right now. It's better to get out now if you're going to get out than to hold on until you can't hold on any longer. Bitcoin doesn't need you to go broke for the cause. Honey Badger don't care. If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month. Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others Are waitresses beggars? If you like what you read, feel free to tip or not. Such hostility. Must have hit a nerve. If I acted like a responsible person, I wouldn't have tens of thousands of dollars in my trading account. I thought I explained that. You are correct that it's an ultra high risk venture and my advice is worth what you paid for it. I'm just a guy with a point of view worth no more or less than any given other. Peace, Bro.
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ampere9765
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April 09, 2014, 10:53:04 PM |
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If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month. Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others
Dude stop taking it so personally when people think the price might go down It's so painful watching you guys squirm
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ChartBuddy
Legendary
Online
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 09, 2014, 11:00:28 PM |
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Zule
Member
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Activity: 84
Merit: 10
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April 09, 2014, 11:00:37 PM |
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If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month. Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others
Dude stop taking it so personally when people think the price might go down It's so painful watching you guys squirm Im not taking it personally because i got no btc, im waiting to buy, but it gets on my nerve when people talk like they know shit for certain, and as a rule that kind of people always say its going down, so you got the impression that I have a problem with the price movement.
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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April 09, 2014, 11:03:08 PM |
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There are many ways to manipulate a market, but the ultimate enemy of a manipulator is time. If you have the patience, price will always return to it's real value. If it doesn't return ,then by definition it's not manipulation. What really worries me is the talk of the bulls on this thread. http://en.wikipedia.org/wiki/Sunk_costs. The sunken cost fallacy is a real observed market phenomenon. Most of you have not had to hold an underwater bitcoin position for years. I have. It was not a smart thing to do. It was an act of faith. How strong is your bitcoin faith? The market will test you. Bitcoin isn't dead. Not even close, but if you don't think it's even possible to get much much worse before it gets better, then I can assure you it can. With all the talk about Gox and China, what worries me is if some other completely unrelated disaster happens before we've recovered. Bad guys don't play fair. They will kick you when you're down. They are out there. I'm intentionally being discouraging right now. It's better to get out now if you're going to get out than to hold on until you can't hold on any longer. Bitcoin doesn't need you to go broke for the cause. Honey Badger don't care. If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month. Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others Are waitresses beggars? If you like what you read, feel free to tip or not. Such hostility. Must have hit a nerve. If I acted like a responsible person, I wouldn't have tens of thousands of dollars in my trading account. I thought I explained that. You are correct that it's an ultra high risk venture and my advice is worth what you paid for it. I'm just a guy with a point of view worth no more or less than any given other. Peace, Bro. So, what's your position (in total, I mean) these days, if you don't mind the question? Less than 50% of total USD value in BTC, or more?
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ampere9765
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April 09, 2014, 11:08:51 PM |
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but it gets on my nerve when people talk like they know shit for certain, and as a rule that kind of people always say its going down,
You must be new here
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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April 09, 2014, 11:13:07 PM |
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There are many ways to manipulate a market, but the ultimate enemy of a manipulator is time. If you have the patience, price will always return to it's real value. If it doesn't return ,then by definition it's not manipulation. What really worries me is the talk of the bulls on this thread. http://en.wikipedia.org/wiki/Sunk_costs. The sunken cost fallacy is a real observed market phenomenon. Most of you have not had to hold an underwater bitcoin position for years. I have. It was not a smart thing to do. It was an act of faith. How strong is your bitcoin faith? The market will test you. Bitcoin isn't dead. Not even close, but if you don't think it's even possible to get much much worse before it gets better, then I can assure you it can. With all the talk about Gox and China, what worries me is if some other completely unrelated disaster happens before we've recovered. Bad guys don't play fair. They will kick you when you're down. They are out there. I'm intentionally being discouraging right now. It's better to get out now if you're going to get out than to hold on until you can't hold on any longer. Bitcoin doesn't need you to go broke for the cause. Honey Badger don't care. If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month. Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others Are waitresses beggars? If you like what you read, feel free to tip or not. Such hostility. Must have hit a nerve. If I acted like a responsible person, I wouldn't have tens of thousands of dollars in my trading account. I thought I explained that. You are correct that it's an ultra high risk venture and my advice is worth what you paid for it. I'm just a guy with a point of view worth no more or less than any given other. Peace, Bro. So, what's your position (in total, I mean) these days, if you don't mind the question? Less than 50% of total USD value in BTC, or more? My trading account is 99% fiat. It was a fraction of my bitcoin holdings, although I'm not a whale. I have less than 1000 BTC. I started buying in 2011 and my average buy in is <$40. The first BTC I bought was for $5.90, but I lost some when Trade Hill, Bitmarket.eu and bitoption.com failed. That's as much as I care to disclose.
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roslinpl
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April 09, 2014, 11:14:26 PM |
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I heard tomorro price will skyrocket to the moon. (~110099$) - it is because China will ban bitcoin 8th time this month and all people of China will migrate to USA and buy all bitcoins! I dunno why - read it on www.thisisimpossible.com And to be honest - I am worried to this little drop today ... as I need to sell some BTC and pay bills
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MinermanNC
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Activity: 2198
Merit: 1000
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April 09, 2014, 11:32:17 PM |
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I heard tomorro price will skyrocket to the moon. (~110099$) - it is because China will ban bitcoin 8th time this month and all people of China will migrate to USA and buy all bitcoins! I dunno why - read it on www.thisisimpossible.com And to be honest - I am worried to this little drop today ... as I need to sell some BTC and pay bills You got the "pay bills" part right! I only sell out of necessity lol
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bitcoinsrus
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April 09, 2014, 11:36:27 PM |
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I heard tomorro price will skyrocket to the moon. (~110099$) - it is because China will ban bitcoin 8th time this month and all people of China will migrate to USA and buy all bitcoins! I dunno why - read it on www.thisisimpossible.com And to be honest - I am worried to this little drop today ... as I need to sell some BTC and pay bills You got the "pay bills" part right! I only sell out of necessity lol I only sell out for necessititties
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MinermanNC
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Activity: 2198
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April 09, 2014, 11:41:35 PM |
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I heard tomorro price will skyrocket to the moon. (~110099$) - it is because China will ban bitcoin 8th time this month and all people of China will migrate to USA and buy all bitcoins! I dunno why - read it on www.thisisimpossible.com And to be honest - I am worried to this little drop today ... as I need to sell some BTC and pay bills You got the "pay bills" part right! I only sell out of necessity lol I only sell out for necessititties and that to lol necessititties I think the one on the left is one of my ex's I recognize the tattoo
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fonzie
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April 09, 2014, 11:56:13 PM |
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"Hi everyone,
On other news, you will see in the Withdraw page that we added the possibility for you to lock a withdrawal address for Bitcoin or Litecoin, by checking the relevant checkbox "Lock withdrawal address". If you do, you will not be able to withdraw to any other address. Please note that to modify a locked withdrawal address, you will have to contact us.
Let me know if you have any more questions and have a good day Raphael Bitfinex team"
At least some progess to secure the traders.
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billyjoeallen
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Hide your women
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April 09, 2014, 11:57:47 PM Last edit: April 10, 2014, 01:16:14 AM by billyjoeallen |
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Possible inverted head and shoulders forming on the stamp 15 minute chart.
EDIT: nope. The leak in the dam is getting bigger.
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ChartBuddy
Legendary
Online
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 10, 2014, 12:00:28 AM |
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