madmat
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Activity: 966
Merit: 1000
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June 16, 2014, 12:05:51 PM |
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I think it will be hard to pass the 680s.looks like that is a magical barrier because most people bought there and now try to get out without a loss because they lost trust in btc.
It makes sense. The ones with no trust in btc are weak hands and will fail to hold. |
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TERA
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June 16, 2014, 12:11:54 PM |
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I think it will be hard to pass the 680s.looks like that is a magical barrier because most people bought there and now try to get out without a loss because they lost trust in btc.
It makes sense. The ones with no trust in btc are weak hands and will fail to hold. What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use? |
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cbeast
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Activity: 1736
Merit: 1018
Let's talk governance, lipstick, and pigs.
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June 16, 2014, 12:12:10 PM |
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I think it will be hard to pass the 680s.looks like that is a magical barrier because most people bought there and now try to get out without a loss because they lost trust in btc.
It makes sense. The ones with no trust in btc are weak hands and will fail to hold.FTFY  |
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cbeast
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Activity: 1736
Merit: 1018
Let's talk governance, lipstick, and pigs.
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June 16, 2014, 12:13:40 PM |
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What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play. |
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TERA
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June 16, 2014, 12:15:11 PM |
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What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play. So it's a profit making game and not the future of money? |
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cbeast
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Activity: 1736
Merit: 1018
Let's talk governance, lipstick, and pigs.
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June 16, 2014, 12:16:40 PM |
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What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play. So it's a profit making game and not the future of money? Is money not about profit? |
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madmat
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Activity: 966
Merit: 1000
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June 16, 2014, 12:18:21 PM |
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I think it will be hard to pass the 680s.looks like that is a magical barrier because most people bought there and now try to get out without a loss because they lost trust in btc.
It makes sense. The ones with no trust in btc are weak hands and will fail to hold. What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use? Weak hands are people who buy because they see btc as a "quick get rich" scheme but don't understand power of Bitcoin technology. If they don't get rich very quickly, they lose trust and they sell. |
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TERA
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June 16, 2014, 12:21:20 PM |
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What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play. So it's a profit making game and not the future of money? Is money not about profit? Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits. |
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rjp55
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June 16, 2014, 12:22:47 PM |
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This coming from the guy who analyzes charts and daytrades more than anyone lol.
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TERA
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June 16, 2014, 12:27:08 PM |
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This coming from the guy who analyzes charts and daytrades more than anyone lol.
I know that I'm a trader but I acknowledge that Bitcoin is about much more than trading. Underdog on the other hand, makes posts implying that every other bitcoin participant is a trader so everyone who is selling is doing so out of a weak trading strategy. |
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YogoH
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June 16, 2014, 12:27:25 PM |
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All this G.Hash business shows is that the community can come together and fix/create solutions. The longer bitcoin survives the more competition, and strength it shows.
BULLISH AS FUCK
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shields
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June 16, 2014, 12:27:57 PM |
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What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play. So it's a profit making game and not the future of money? Is money not about profit? Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits. In reality is about both though, as well as many other things. What Bitcoin was supposed to be does not dictate what Bitcoin is used for, perceived as or will become. Bitcoin is many different things to many people. |
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TERA
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June 16, 2014, 12:28:55 PM |
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All this G.Hash business shows is that the community can come together and fix/create solutions. The longer bitcoin survives the more competition, and strength it shows.
BULLISH AS FUCK
Ghash situation is not bullish. I see that no action has been taken to improve the protocol so that such a thing doesn't happen anymore. It is getting swept under the rug again. It's like nobody wants to write code anymore. |
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rjp55
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June 16, 2014, 12:30:26 PM |
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This coming from the guy who analyzes charts and daytrades more than anyone lol.
I know that I'm a trader but I acknowledge that Bitcoin is about much more than trading. Underdog on the other hand, makes posts implying that every other bitcoin participant is a trader so everyone who is selling is doing so out of a weak trading strategy. Well this is a speculation board after all. Maybe he's writing for those participants who take the time to read through price speculation posts on a message board rather than the "other" bitcoin participants? |
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cbeast
Donator
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Activity: 1736
Merit: 1018
Let's talk governance, lipstick, and pigs.
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June 16, 2014, 12:32:20 PM |
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What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play. So it's a profit making game and not the future of money? Is money not about profit? Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits. You are lost. I think you want dogecoin in the other room. |
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empowering
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Activity: 1092
Merit: 1442
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June 16, 2014, 12:33:30 PM |
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When you say scam coin you mean BTC ? it was BTC that got stolen? It looks as though this was the work of a scammer, using the technology of BTC and maybe the name of a person who has done some work with Nxt (not even a dev) and it may or not have actually been John, from what I can see it looks to me like he got hacked.. but maybe not and there is more to it... but eitherway "25% discount on BTC/NXT please send your BTC" would have had my spidey senses tingling big time... that risk/reward did not make sense.. in fact the entire communications supposedly from John did not make much sense.. So your comment makes no sense, unless by scamcoin you mean BTC. Eitherway, sucks to see the work of total arseholes in crypto. |
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dnaleor
Legendary
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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June 16, 2014, 12:36:04 PM |
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This is looking good. Now it's key to deny the previous downtrend:  |
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ChrisML
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June 16, 2014, 12:40:07 PM |
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Off for vacation in Italy. See u all in 2 weeks at $850
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 16, 2014, 12:42:31 PM |
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So now we are ahead to 700?
I don't see us hitting $700 yet over the nect few days (even if we are easily able to sustain +$600 levels. Nonetheless, i am happy with the small little rally we are seeing from last night / this morning |
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Kupsi
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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June 16, 2014, 12:48:13 PM |
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Yes, Bitcoin. I guess $5xx is history now  |
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