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kireinaha
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July 31, 2014, 12:49:32 AM |
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Just a reminder to all less experienced speculators out there: never throw good money after bad.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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JayJuanGee
Legendary
 Online
Activity: 3710
Merit: 10240
Self-Custody is a right. Say no to"Non-custodial"
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July 31, 2014, 12:49:46 AM |
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Bought more under $560. Extremely Happy to get so much BTC for so little inflationary fiat!  I had already projected ahead, and I had expected to be buying BTC for higher prices... so anyhow, I am willing to pay more, but I am glad to be able to accumulate more at these lower prices. I run out of fiat too, from time to time... and I am still waiting for some pretty good sized chunks to come my direction in the coming weeks... |
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adamstgBit
Legendary
 Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 31, 2014, 12:51:34 AM |
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i guess i'll join the party and buy some myself... kinda went all in at 636CAD, but i always keep a couple thousand just incase i feel like "over extending" my position, i guess now is a good time for that i'd be lying if i said i didnt have any doubts... fuck man, am i positioning myself in a conner  time will tell Maybe only put in half of that "couple thousand," and then wait and see with the rest. I would hate to see you completely without fiat, if the time comes for a better bargain. oh ya i know... i'm bidding waiting for a fill and then bidding again. not being greedy here, just providing some support at a time when i think its low. so far so good, 1/2 a bitcoin accumulated, will gladly pick more up if poeple keep selling here. side note: who ever dumped 100coins on virtex ~1hour ago, thanks man, couldnt of done it without you |
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flipperfish
Sr. Member
Offline
Activity: 350
Merit: 251
Dolphie Selfie
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July 31, 2014, 12:52:54 AM |
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Just a reminder to all less experienced speculators out there: never throw good money after bad.
Bitcoin is the good money! |
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10240
Self-Custody is a right. Say no to"Non-custodial"
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July 31, 2014, 12:53:05 AM |
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CALM THE FUCK DOWN!!!!!!! |
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10240
Self-Custody is a right. Say no to"Non-custodial"
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July 31, 2014, 12:58:41 AM |
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this could be the reason for the drop in price the past few day? https://www.youtube.com/watch?v=A6dboY9FtDo"BitLicense" I guess i missed this news when it came out. so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? ) THAT proposed regulation is at the 45 day public comment period. Accordingly, it is still only a proposal. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 31, 2014, 01:00:02 AM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 31, 2014, 01:00:57 AM |
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and another 1/10th BTC filled at what will probably be the low for today anyway.
your generosity is much appreciated.
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thefuture
Member
Offline
Activity: 73
Merit: 10
★☆★777Coin.com★☆★ What are you waiting for?
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July 31, 2014, 01:01:05 AM |
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Glad i sold almost all at 600 less then a week ago waiting for the 515 hiccup to buy again, I doubt it'll drop lower but will wait and see, buy now or soon!
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Junkbarman
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July 31, 2014, 01:01:10 AM |
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this could be the reason for the drop in price the past few day? https://www.youtube.com/watch?v=A6dboY9FtDo"BitLicense" I guess i missed this news when it came out. so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? ) THAT proposed regulation is at the 45 day public comment period. Accordingly, it is still only a proposal. Doesn't NY limit the size soda drinks you can buy too? I don't see Coke and Pepsi stock dropping |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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July 31, 2014, 01:03:45 AM |
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If you'd bother to actually read the article, you'd see that it's precisely arbitrage that is a major factor why a system consisting of unbanked ATMs would be a superior pricing mechanism.
Yeah, seems I scrolled past that section, sorry. "TL;DR" I just had to quote this as a cruel reminder of futility... But I have to agree with Erin Eris, that ATM article was excellent and the idea should be put to experiment as soon as possible. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 31, 2014, 01:03:59 AM |
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this could be the reason for the drop in price the past few day? https://www.youtube.com/watch?v=A6dboY9FtDo"BitLicense" I guess i missed this news when it came out. so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? ) THAT proposed regulation is at the 45 day public comment period. Accordingly, it is still only a proposal. who cares tho. bitcoin is not usefull because a NYer can buy coffee with it bitcoin is usefull because a Zimbabway man can sell coffee for it. NY be damn. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 31, 2014, 01:06:25 AM |
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420 420 420
Sorry had to say it but it has been dropping more or less steadily for the last week or two.
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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July 31, 2014, 01:06:45 AM |
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560/2 ...Could it be?
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10240
Self-Custody is a right. Say no to"Non-custodial"
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July 31, 2014, 01:07:12 AM |
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Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again! How would you know if posters here are buying or NOT? I'm sure some posters here are buying (and of the belief that you should buy while the prices are going down... or at least attempting to buy most at the lowest price point - without missing the boat). I bought some at $575, and I did NOT know whether prices would go lower, and then I will likely buy some more at $550 or so,,, and maybe at other points... depending on the passage of time and whether BTC prices go lower. To be honest, I believe that a lot of people around here already maxxed out their allotment which they allow themselves to invest in BTC. Some may even be well above a reasonable level. Yeah, that is the problem. Too many young and/or inexperienced participants in this market. I have to chuckle when most people talk about "fundamental analysis" here because it doesn't apply in the traditional sense. BTC is the epitome of a speculative play. It could go way up or way down. It moves independently of news. There is no balance sheet and no history of earnings to analyze. Yet people are over-invested and over-leveraged to the hilt. When I go to bed tonight, I will sleep well. When I wake up, if the price is lower, I will buy more. I don't care if it is $540, $520, $400, or even lower. If people can't say the same, they should lighten their load. But not now. Bad time to sell. BTW: I believe that I do NOT fit your definition of someone who is over-invested in BTC b/c I am still continuing to increase my holdings in BTC... little by little.... continuously with much of my spare BTC allocated fiat. However, in the interest of broader disclosure, I do have some leveraging of my bitcoin holdings... My holdings are leveraged over about 16 months (until September 2015)... ... so the NOTE will be due then. I do have a back up source of money to pay off the leveraged amount, in the event that BTC is NOT performing adequately by September 2015... Then have to go to plan B.... .. |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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July 31, 2014, 01:08:20 AM |
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this could be the reason for the drop in price the past few day? https://www.youtube.com/watch?v=A6dboY9FtDo"BitLicense" I guess i missed this news when it came out. so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? ) THAT proposed regulation is at the 45 day public comment period. Accordingly, it is still only a proposal. who cares tho. bitcoin is not usefull because a NYer can buy coffee with it bitcoin is usefull because a Zimbabway man can sell coffee for it. NY be damn. a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway
http://youtu.be/QvsQ9hYKq7cIn the jungle, the mighty jungle The lion sleeps tonight In the jungle, the quiet jungle The lion sleeps tonight a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway Ha ha .... when Bitcoin goes nutz I am going to blast this out |
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10240
Self-Custody is a right. Say no to"Non-custodial"
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July 31, 2014, 01:09:24 AM |
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On the bright side, the page count in this thread hit an all time high today.
hehehehe  I believe those page dumptertards have long given up. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 31, 2014, 01:12:05 AM |
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Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again! How would you know if posters here are buying or NOT? I'm sure some posters here are buying (and of the belief that you should buy while the prices are going down... or at least attempting to buy most at the lowest price point - without missing the boat). I bought some at $575, and I did NOT know whether prices would go lower, and then I will likely buy some more at $550 or so,,, and maybe at other points... depending on the passage of time and whether BTC prices go lower. To be honest, I believe that a lot of people around here already maxxed out their allotment which they allow themselves to invest in BTC. Some may even be well above a reasonable level. Yeah, that is the problem. Too many young and/or inexperienced participants in this market. I have to chuckle when most people talk about "fundamental analysis" here because it doesn't apply in the traditional sense. BTC is the epitome of a speculative play. It could go way up or way down. It moves independently of news. There is no balance sheet and no history of earnings to analyze. Yet people are over-invested and over-leveraged to the hilt. When I go to bed tonight, I will sleep well. When I wake up, if the price is lower, I will buy more. I don't care if it is $540, $520, $400, or even lower. If people can't say the same, they should lighten their load. But not now. Bad time to sell. BTW: I believe that I do NOT fit your definition of someone who is over-invested in BTC b/c I am still continuing to increase my holdings in BTC... little by little.... continuously with much of my spare BTC allocated fiat. However, in the interest of broader disclosure, I do have some leveraging of my bitcoin holdings... My holdings are leveraged over about 16 months (until September 2015)... ... so the NOTE will be due then. I do have a back up source of money to pay off the leveraged amount, in the event that BTC is NOT performing adequately by September 2015... Then have to go to plan B.... .. don't leverage if you have the funds to finance your buying yourself. why pay the interest if you don't have to? |
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10240
Self-Custody is a right. Say no to"Non-custodial"
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July 31, 2014, 01:15:28 AM |
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Just a reminder to all less experienced speculators out there: never throw good money after bad.
What's that supposed to mean? Sounds a bit shallow and stupid to me, and it is trying to suggest that BTC is NOT a good investment, no? I believe continuing to buy BTC under $1,000 is a good value - and the more BTC is below $1k the better the value in purchasing it.. Certainly, I am NOT going to want to pay $1k today, when I can get it for $563.82 (as I type). ... but I am ONLY going to buy so much of it in the $5xx range b/c I going to attempt NOT TO over-leverage myself. |
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