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AlexNeto (OP)
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April 18, 2013, 11:34:16 PM |
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About an hour ago there was the last chance to see BTC/USD rate bellow 100 on MtGox. No more double digits ever. Sorry, proudhon.  |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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NikolaTesla
Newbie
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Activity: 28
Merit: 0
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April 18, 2013, 11:35:38 PM |
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About an hour ago there was the last chance to see BTC/USD rate bellow 100 on MtGox. No more double digits ever. Sorry, proudhon. Proudhon's a bull now. Oh he finally acquired some BTC  |
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nobbynobbynoob
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April 18, 2013, 11:36:48 PM |
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Yup, evolve is one of our resident hard-core bears, so maybe the Bitcoin is a Bubble video on YouTube should be renamed The evolve song in his honour.  |
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Piper67
Legendary
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Activity: 1106
Merit: 1001
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April 18, 2013, 11:38:06 PM |
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About an hour ago there was the last chance to see BTC/USD rate bellow 100 on MtGox. No more double digits ever. Sorry, proudhon. Proudhon's a bull now. He switches sides with each bubble. |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 18, 2013, 11:40:59 PM |
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I'm a bear too, by intuition, although I stopped acting on it.  |
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awakening
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April 18, 2013, 11:41:22 PM |
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Don't be silly, ph is an EA.
What's a EA ? |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 18, 2013, 11:42:07 PM |
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Don't be silly, ph is an EA.
What's a EA ? I think he means Early Adopter. |
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awakening
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April 18, 2013, 11:42:26 PM |
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Don't be silly, ph is an EA.
What's a EA ? I think he means Early Adopter. Makes sense lol |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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April 18, 2013, 11:45:02 PM |
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Things are looking pretty healthy, and I'm not just talking about price. Its still only a week out from a pretty violent market events, so I wouldn't want to be too quick at pronouncements about leaving double digits. I feel like the project is at a crossroads now because of all the exposure over the past few weeks. I hope service providers are thinking further ahead in the future now with respect to scalability.
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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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Luno
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April 18, 2013, 11:47:34 PM |
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Don't be silly, ph is an EA.
What's a EA ? Emotional Analysis? Go Proudhorn, this is the "back to normal" phase! |
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nobbynobbynoob
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April 18, 2013, 11:49:15 PM |
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Things are looking pretty healthy, and I'm not just talking about price. Its still only a week out from a pretty violent market events, so I wouldn't want to be too quick at pronouncements about leaving double digits. I feel like the project is at a crossroads now because of all the exposure over the past few weeks. I hope service providers are thinking further ahead in the future now with respect to scalability.
Good post. I have the feeling that "pretty violent market events" is the norm for bitcoin, and last year was just unusually "slow". Watching Mike Hearn speak gives me a huge amount of confidence in "the project", to be honest. You'll hardly find that kind of lucidity and straight talking in any government official. |
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just1nmc
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April 18, 2013, 11:52:30 PM |
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Things are looking pretty healthy, and I'm not just talking about price. Its still only a week out from a pretty violent market events, so I wouldn't want to be too quick at pronouncements about leaving double digits. I feel like the project is at a crossroads now because of all the exposure over the past few weeks. I hope service providers are thinking further ahead in the future now with respect to scalability.
Good post. I have the feeling that "pretty violent market events" is the norm for bitcoin, and last year was just unusually "slow". Watching Mike Hearn speak gives me a huge amount of confidence in "the project", to be honest. You'll hardly find that kind of lucidity and straight talking in any government official. Is there a video in particular you're referring to? I'd love to watch. |
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nobbynobbynoob
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April 18, 2013, 11:54:28 PM |
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Watching Mike Hearn speak gives me a huge amount of confidence in "the project", to be honest. You'll hardly find that kind of lucidity and straight talking in any government official.
Is there a video in particular you're referring to? I'd love to watch. Sorry, I was thinking in particular of this (I think): http://www.youtube.com/watch?v=mD4L7xDNCmANot brief, but worth seeing! I was actually there too and remember this well enough from the live presentation. |
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just1nmc
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April 18, 2013, 11:55:42 PM |
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Watching Mike Hearn speak gives me a huge amount of confidence in "the project", to be honest. You'll hardly find that kind of lucidity and straight talking in any government official.
Is there a video in particular you're referring to? I'd love to watch. Sorry, I was thinking in particular of this (I think): http://www.youtube.com/watch?v=mD4L7xDNCmANot brief, but worth seeing! I was actually there too and remember this well enough from the live presentation. Awesome, thanks!  |
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awakening
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April 18, 2013, 11:56:02 PM |
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Indeed I'm buying now...
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Qoheleth
Legendary
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Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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April 19, 2013, 12:03:56 AM |
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I have the feeling that "pretty violent market events" is the norm for bitcoin, and last year was just unusually "slow".
That would be a troublesome trait for a currency! |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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nobbynobbynoob
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April 19, 2013, 12:08:34 AM |
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I have the feeling that "pretty violent market events" is the norm for bitcoin, and last year was just unusually "slow".
That would be a troublesome trait for a currency! Bitcoin trades like penny stocks, it's inherent in a market minnow. Bitcoin will be a bit more stable either when 1 BTC = >>$10k or zero. But we face chicken-and-egg problems, scalability issues and perhaps extreme volatility en route, in either case. |
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hubbabubbabaker
Member
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Activity: 98
Merit: 10
Sometimes - history needs a push.
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April 19, 2013, 12:10:34 AM |
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About an hour ago there was the last chance to see BTC/USD rate bellow 100 on MtGox. No more double digits ever. Sorry, proudhon. Doubt it. It's this kind of blind optimism that got BTC to 266, and it might just do so again, but the end result is inevitable. |
"To know your Enemy, you must become your Enemy." -Sun Tzu
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Ichthyo
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April 19, 2013, 01:09:16 AM |
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About an hour ago there was the last chance to see BTC/USD rate bellow 100 on MtGox.
No more double digits ever.
Based on usability, the rates should be more like $20 We've gotten many announcements and many started developments, so chances are that some of those will succeed But since one of Bitcoin's features is that the amount of available coins will not be adjusted to "necessities", this means that we need to accommodate somehow for all the new people aboard. Which means higher rates, even if they don't feel quite right. |
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papaminer
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April 19, 2013, 01:43:32 AM |
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for some reason I misread the topic..
I saw R.I.P
PROUDHON
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฿: 1L7dSte4Rs4KyyxRCgrqSWYtkXdAb4Gy1z MORE INFO ABOUT ME: BTC |
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