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massivebitman (OP)
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April 17, 2013, 02:11:47 PM
 #1

will we make it?

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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April 17, 2013, 02:13:00 PM
 #2

nope! I doubt it. Just too temping for all of us who bought back at $50!

more or less retired.
NamelessOne
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April 17, 2013, 02:16:01 PM
 #3

Eventually, might not happen just yet. But we have a nice upward moving support line that could put us there at some point today.
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April 17, 2013, 02:19:02 PM
 #4

could be a mini pump and dump... or not and i'll end up kicking myself for selling some at $95  Tongue
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April 17, 2013, 03:00:34 PM
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https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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April 17, 2013, 06:22:23 PM
 #6

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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April 17, 2013, 06:25:17 PM
 #7

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

What is happening here? I feel like nothing is for certain anymore.
notme
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April 17, 2013, 06:26:22 PM
 #8

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

What is happening here? I feel like nothing is for certain anymore.

Nothing was ever certain.  That feeling you used to have was a lie, so you're better off without it.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
Luis_GT
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April 17, 2013, 06:29:38 PM
 #9

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

This is the 2nd time I've seen Proudhon bullish... good signs to come
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April 17, 2013, 06:42:47 PM
 #10

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

What is happening here? I feel like nothing is for certain anymore.

Nothing was ever certain.  That feeling you used to have was a lie, so you're better off without it.

Being able to rely on Proudhon to predict single digits no matter what the price was doing, what any indicator was saying, who was investing how many millions, had always been a shining beacon to the speculation community. There was a constant on these forums for which everything could be anchored.

Now... Proudhon says $100... We are truly lost at sea.
mp420
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April 17, 2013, 06:44:16 PM
 #11

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

Actually, I agree. But for me "longer term" means years. In the meantime, we'll have a downtrend for some time, while the market is trying to balance itself.

Most of the new market participants are unlike the old ones. They are in it for the quick profit, or they've already sold at loss and they're trying to recover their lost money by buying low and selling higher. Many will exit the market when they've managed to turn their losses into acceptable profit.

The only things supporting Bitcoin price at the moment are the remaining dumb money left over from the bubble frenzy and those early adopters who sold at $200 buying back coins with all their newly gained fiat.
Ares
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April 17, 2013, 06:44:59 PM
 #12

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

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April 17, 2013, 06:47:27 PM
 #13

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

Actually, I agree. But for me "longer term" means years. In the meantime, we'll have a downtrend for some time, while the market is trying to balance itself.

Most of the new market participants are unlike the old ones. They are in it for the quick profit, or they've already sold at loss and they're trying to recover their lost money by buying low and selling higher. Many will exit the market when they've managed to turn their losses into acceptable profit.

The only things supporting Bitcoin price at the moment are the remaining dumb money left over from the bubble frenzy and those early adopters who sold at $200 buying back coins with all their newly gained fiat.

There will also be new 'true believers' that have arrived from all the media attention. There are plenty of people in the world that would love the concept of Bitcoin but never heard of it. Now they have and will continue to bring even more people into the fold. So while the panicing weak hands will flee with losses we will still have an ever larger group of people that believe in bitcoin's future.
Piper67
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April 17, 2013, 06:48:08 PM
 #14

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

The fuck have you done with Proudhon?Huh Or what universe exactly did I wake up in this morning... this multiverse thing is confusing.
awakening
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April 17, 2013, 06:50:56 PM
 #15

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

The fuck have you done with Proudhon?Huh Or what universe exactly did I wake up in this morning... this multiverse thing is confusing.
Yeah, a 10x prediction change in one day.. It must have been the two failed test to the fifty wall.  Grin
NamelessOne
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April 17, 2013, 06:54:35 PM
 #16

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

The fuck have you done with Proudhon?Huh Or what universe exactly did I wake up in this morning... this multiverse thing is confusing.
This is a Proudhon of the past. Circa December 2011-January 2012 he was also reasonably bullish on the rise to 7.22.
ElectroGeek007
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April 17, 2013, 06:55:24 PM
 #17

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.



I reassert my theory that Proudhon is Satoshi, and he is just trolling us all...  Roll Eyes

"And what the enemy will see, they will see the flash of our cannons, and they will hear the ringing of our swords, and they will know what we can do! By the sweat of our brow and the strength of our backs and the courage in our hearts! Gentlemen, hoist the colors!"
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April 17, 2013, 06:57:30 PM
 #18

Most of the new market participants are unlike the old ones. They are in it for the quick profit, or they've already sold at loss and they're trying to recover their lost money by buying low and selling higher. Many will exit the market when they've managed to turn their losses into acceptable profit.

The only things supporting Bitcoin price at the moment are the remaining dumb money left over from the bubble frenzy and those early adopters who sold at $200 buying back coins with all their newly gained fiat.

-1.

There will also be new 'true believers' that have arrived from all the media attention. There are plenty of people in the world that would love the concept of Bitcoin but never heard of it. Now they have and will continue to bring even more people into the fold. So while the panicing weak hands will flee with losses we will still have an ever larger group of people that believe in bitcoin's future.

+1.

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April 17, 2013, 06:57:58 PM
Last edit: April 17, 2013, 08:49:10 PM by DeathAndTaxes
 #19

I think the price probably will pop back over $100 in the next week or so, even if it's only temporary in the short term.  Longer term, yes, I think we're headed more solidly back over $100.

This is the 2nd time I've seen Proudhon bullish... good signs to come

Proundhon continually predicted single digits for 6+ months (from about $12 onward) while bitcoin exchange rates moved in the other direction 2000%.  I doubt his random predictions are either bullish or bearish but if you believe in that sort of thing well it is about the most ultra-quantum-super-bearish signal possible.   His track record to date has been about -2000%.
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April 17, 2013, 07:08:36 PM
 #20

Without knowing Proudhon's past, I would think he speaks quite well.

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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