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NotLambchop
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September 28, 2014, 12:37:31 PM |
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lol what? Obama is not responsible for Chinese opium addiction withdraws ORLY?  |
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exocytosis
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September 28, 2014, 12:39:12 PM |
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Stamps orderbook looks kind of bullish,
Stamp's orderbook has looked bullish for more than a week. Still we've been heading down. People cancel their buy orders all the time. It's just the nature of the game. When traders search their hearts, deep down inside they all know that there'll be cheaper coins to buy a week from now. And even cheaper coins, two weeks from now. Etcetera. Everyone is losing faith in Bitcoin. This is a free market, and it's wonderful to watch how it unfolds, how supply is increasing while demand is decreasing, predictably and mechanically like clockwork. |
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jeezy
Legendary
 Offline
Activity: 1237
Merit: 1010
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September 28, 2014, 12:39:50 PM |
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lol what? Obama is not responsible for Chinese opium addiction withdraws You keep telling yourself that boy, you keep telling yourself that. |
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itod
Legendary
Offline
Activity: 1988
Merit: 1077
Honey badger just does not care
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September 28, 2014, 12:40:02 PM |
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If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.
It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly. |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1014
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September 28, 2014, 12:41:58 PM |
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All these n00bs that don't remember 2011...
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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September 28, 2014, 12:44:12 PM |
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All these n00bs that don't remember 2011...
Not comparable (the possible damage). 2014 =/= 2011 |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1037
Let's talk governance, lipstick, and pigs.
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September 28, 2014, 12:44:41 PM |
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dear lord! stop the pain   Pain is just weakness leaving your portfolio. |
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CoinThinker
Sr. Member
Offline
Activity: 462
Merit: 250
Only the best is The be best...
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September 28, 2014, 12:45:58 PM |
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If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.
It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly. I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here. There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over. |
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NotLambchop
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September 28, 2014, 12:46:20 PM |
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All these n00bs that don't remember 2011...
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Stedsm
Legendary
Offline
Activity: 3052
Merit: 1273
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September 28, 2014, 12:47:26 PM |
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All these n00bs that don't remember 2011...
History often does not repeat itself. As humans we try to find patterns in everything to try to make sense of what is happening. These patterns are mostly nonsense (eg log graphs) |
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fonzie
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September 28, 2014, 12:47:34 PM |
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"Cherish life, walk away from bitcoin"
-Zhang Niannian ; Peoples Bank of China-
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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September 28, 2014, 12:51:59 PM |
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lol what? Obama is not responsible for Chinese opium addiction withdraws You keep telling yourself that boy, you keep telling yourself that. c'mon all chinese know that it is the fault of the Gweilo |
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Wandererfromthenorth
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September 28, 2014, 12:52:20 PM |
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All these n00bs that don't remember 2011...
You might be right, but 2011 was a very different situation from right now. Back then a bunch of millionaires buying up all the coins would have resulted in a new bubble. Now that market cap is that high (compared to the non existent demand) that doesn't happen anymore. We can't use bitcoin past when price was crashing "but everything is alright because a new bubble is coming" forever... Also, maybe BTC will survive long term, but that doesn't mean that its current price is not too high and that it won't crash... |
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NotLambchop
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September 28, 2014, 12:52:47 PM |
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"Cherish life, walk away from bitcoin"
-Zhang Niannian ; Peoples Bank of China-
China welcomes repentant Bitcoiners into the fold.
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vipgelsi
Legendary
Offline
Activity: 1736
Merit: 1001
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September 28, 2014, 12:53:26 PM |
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"Cherish life, walk away from bitcoin"
-Zhang Niannian ; Peoples Bank of China-
He has your bbet interests at heart.  |
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exocytosis
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September 28, 2014, 12:58:17 PM |
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There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.
This. The problem is: Price won't rise as long as merchants and miners dump thousands of coins every day. There simply isn't enough demand for all of that supply. That's why the price will continue falling until Bitcoin finds its "true price", which is somewhere in the single digits, probably very close to zero. We're slowly coming out of the delusional bubble sparked by Markus, Willybot and other Karpeles manipulation schemes. Gox was, for a long time, the only BTC exchange. And it was by far the largest, for several years. With Gox gone, the veil of illusions is slowly fading away, and people are gradually realizing that internet funbux simply aren't worth several hundred dollars. |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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September 28, 2014, 01:00:53 PM |
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Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.
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ChartBuddy
Legendary
Offline
Activity: 2660
Merit: 2365
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 28, 2014, 01:01:15 PM |
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itod
Legendary
Offline
Activity: 1988
Merit: 1077
Honey badger just does not care
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September 28, 2014, 01:01:28 PM |
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If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.
It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly. I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here. There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over. No, you don't understand. There's a limit how much price can go down. Bitcoins are not produced out of the thin air, expensive electricity is invested to support the network. The supply can't get bigger after the price get's down to cost of electricity to produce a new BTC. After that point we enter the stability at the bottom, when it doesn't matter if someone is disappointed or not. |
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exocytosis
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September 28, 2014, 01:04:10 PM |
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Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.
I'm just stating the facts. Facts that everyone can observe if they glance briefly at the price development and statistics of user adoption. You don't like the facts? Well, tough luck, because this is a free market, ruled by the simple law of supply and demand. That's why the price will continue falling. Because the price doesn't care one bit about the hopes and delusions of cultists or permabulls. |
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