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ShroomsKit
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November 08, 2014, 06:05:52 PM |
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It will just get worse till all the buyers are gone.
I have not even started buying. Because Bitcoin is guaranteed to survive and go up again? |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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NotLambchop
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November 08, 2014, 06:05:58 PM |
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...The price is just a reflection of people's expectations how useful it will be in the future...
Lowered expectations confirmed  |
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N12
Donator
Legendary
 Offline
Activity: 1610
Merit: 1010
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November 08, 2014, 06:07:21 PM |
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I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.
Good luck with your pump and dump coin.
I feel sorry for all the idiots who sold at these ridiculous prices and i will laugh at all the bears who will get caught in trap after trap the coming weeks.
The only winners are the holders (like me) and the people who pick up the last cheap coins while they can.
We're going up and it's confirmed!
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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November 08, 2014, 06:09:13 PM |
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Bitcoin is something new and can easily dissapear again unlike things like gold. That's why only a complete fucking idiot would compare Bitcoin to gold.
You do realize that you just compared Bitcoin to gold and then proceeded to call yourself a complete fucking idiot, right? |
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janos666
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November 08, 2014, 06:09:47 PM |
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It will just get worse till all the buyers are gone.
I have not even started buying. So you are not late to stop before ever started. |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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November 08, 2014, 06:10:01 PM |
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...
Ditto for the May/2014 bubble: a jump from $450 to $600 was quite dramatic, but a jump from 800$ to 950$ would have been just noise.
Please stop referring to the May 2014 price rise as a "bubble". It is part of the deflation pattern of the November 2013 (mania phase of the) bubble. IMO there are 2 reasons for the May 2014 uptrend (that I called bull trap): the PBoC stopped feeding bad news to the market, so the market lost some downward momentum and the linear descending channel broke, which was inevitable at some point, otherwise price would have reached 0$ by now. |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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November 08, 2014, 06:10:20 PM |
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Bitcoin is something new and can easily dissapear again unlike things like gold. That's why only a complete fucking idiot would compare Bitcoin to gold.
You do realize that you just compared Bitcoin to gold and then proceeded to call yourself a complete fucking idiot, right? See one post up. Guy's a complete maniac, I hope he hasn't been hurting himself over this bear market. |
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itod
Legendary
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Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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November 08, 2014, 06:10:27 PM |
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Will Bitcoin even survive another year of this shit. How much longer will there be buyers before everyone gives up? This can't and won't go on forever.
You have a bad understanding that short-term BTC price is relevant to success of the cryptocurrency. It absolutely doesn't matter if the price goes to $200 or rise to $2000 in the next half a year or two years, the important thing is number of services developed around BTC, the number of startups developing new use-cases, etc. The price is just a reflection of people's expectations how useful it will be in the future, not the other way around. Bitcoin is something new and can easily dissapear again unlike things like gold. That's why only a complete fucking idiot would compare Bitcoin to gold by the way. Like i mentioned 10 minutes ago for some reason a lot of people have a problem understanding that Bitcoin's future is far from guaranteed. I haven't compared it to gold, you did. |
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Blue
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November 08, 2014, 06:10:58 PM |
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Shroomskit and I fully agree with Jorge
to fundamentally understand the bitcoin phenomenon we have to get to the very bottom of it.
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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November 08, 2014, 06:12:49 PM |
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It will just get worse till all the buyers are gone.
I have not even started buying. Because Bitcoin is guaranteed to survive and go up again? Why would that be a reason to hold off buying? |
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janos666
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November 08, 2014, 06:14:57 PM |
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Bitcoin is something new and can easily dissapear again unlike things like gold. That's why only a complete fucking idiot would compare Bitcoin to gold.
You do realize that you just compared Bitcoin to gold and then proceeded to call yourself a complete fucking idiot, right? Blitz should append this to his quote. |
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flynn
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November 08, 2014, 06:16:07 PM |
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Doge Bubble  |
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janos666
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November 08, 2014, 06:18:42 PM |
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Doge Bubble
img
Didn't you mean DarkCoin pump? |
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ShroomsKit
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November 08, 2014, 06:19:25 PM |
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It will just get worse till all the buyers are gone.
I have not even started buying. Because Bitcoin is guaranteed to survive and go up again? Why would that be a reason to hold off buying? So you agree it might dissapear and people just might stop buying. Great. Finally someone here is starting to get it. |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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November 08, 2014, 06:24:09 PM |
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It will just get worse till all the buyers are gone.
I have not even started buying. Because Bitcoin is guaranteed to survive and go up again? Why would that be a reason to hold off buying? So you agree it might dissapear and people just might stop buying. Great. Finally someone here is starting to get it. Oh yes, I agree. Bitcoin might disappear. Just like the moon might disappear. Also: try closing your eyes... see? No Bitcoin! |
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ssmc2
Legendary
Offline
Activity: 2002
Merit: 1040
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November 08, 2014, 06:24:57 PM |
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It's affirming to every now and again do a show/hide on ole' shroomporkchops and see you did in fact make the right call.
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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November 08, 2014, 06:26:08 PM |
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The important thing is to keep lamenting, it is the most rational thing to do. And if that doesn't work out then try to make more noise. That is the way to success.
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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November 08, 2014, 06:30:16 PM |
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It's affirming to every now and again do a show/hide on ole' shroomporkchops and see you did in fact make the right call.
It is difficult because interspersed in the drivel there are occasional comments worthy of merit. |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
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November 08, 2014, 06:30:38 PM |
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What about all those little barracudas that do both, just to survive? Do you really consider them retarded, from the highs of your lucky-early-adopter-loaded position? It's not a matter of how many Bitcoins I do or do not have - it's a known fact that day trading (in general, not specific to BItcoin) is a negative sum game. Anybody who is not cheating is just achieving random returns. Over long time scales, the lifetime returns of all investors converge to the same average value (except for the ones that manage to cheat). |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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November 08, 2014, 06:32:44 PM |
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What about all those little barracudas that do both, just to survive? Do you really consider them retarded, from the highs of your lucky-early-adopter-loaded position? It's not a matter of how many Bitcoins I do or do not have - it's a known fact that day trading (in general, not specific to BItcoin) is a negative sum game. Anybody who is not cheating is just achieving random returns. Over long time scales, the lifetime returns of all investors converge to the same average value (except for the ones that manage to cheat). There's another way to "win" at this: get out while you're on top. Works in conjunction with "random results", but is hard to do, because when you're having a lucky streak, it's usually quite a bit of fun.. why leave? |
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