meangreen (OP)
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April 21, 2013, 04:45:36 PM |
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The only reason bit coins are going up is because of SILKROAD PERIOD! Tens of thousands of dollars are bought everyday throughout the world everyday. If the speculators dropped out the price would continue to rise forever because all the druggies want to do is convert fiat to btc get their drugs and be done. But seeing there are a bunch of big time speculators manipulating the price, they will just keep taking all the drug money that continuously pours in to market. Up and down up and down. There is no chart or analysis STOP!
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Birdy
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April 21, 2013, 04:47:42 PM |
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And what are the drug dealers gonna do with the coins, if this is the only thing?
Cashing in for dollars.
Thus the prices wouldn't increase that much.
No, there is more demand than just some shady underground business.
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zoinky
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April 21, 2013, 04:47:45 PM |
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I disagree.
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jwzguy
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April 21, 2013, 04:48:10 PM |
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Did a post from 2011 time-travel to the future?
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meangreen (OP)
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April 21, 2013, 04:48:48 PM |
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And what are the drug dealers gonna do with the coins, if this is the only thing?
Cashing in for dollars.
Thus the prices wouldn't increase that much.
No, there is more demand than just some shady underground business.
they sell their coins. and reduce the price. |
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RenegadeMind
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April 21, 2013, 04:50:10 PM |
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So, what you're saying is that we need more junkies to push up the price of BTC?  |
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meangreen (OP)
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April 21, 2013, 04:50:57 PM |
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Did a post from 2011 time-travel to the future?
It just drival on here with any type of speculation. |
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Come-from-Beyond
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April 21, 2013, 04:51:16 PM |
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they sell their coins. and reduce the price.
Incorrect, they buy dollars with bitcoins and increase the price. |
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meangreen (OP)
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April 21, 2013, 04:54:50 PM |
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Did a post from 2011 time-travel to the future?
It just drival on here with any type of speculation. no what I am saying is that is the only reason that coins are going up are because druggies are buying the coins and they dont care what the actual price per coin is. they buy a dollar amount buy goods and the seller sells his bitcoins, where is the value in the coin? all it is is a mechanism to help with being anonymous. |
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meangreen (OP)
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April 21, 2013, 04:57:19 PM |
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they sell their coins. and reduce the price.
Incorrect, they buy dollars with bitcoins and increase the price. dude you just rewrote adam smiths economic laws. when stocks are sold does the price go up? |
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BitcoinAshley
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April 21, 2013, 04:58:26 PM |
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... Wait, what? Is OP on drugs?  |
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zoinky
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April 21, 2013, 04:59:18 PM |
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Did a post from 2011 time-travel to the future?
It just drival on here with any type of speculation. no what I am saying is that is the only reason that coins are going up are because druggies are buying the coins and they dont care what the actual price per coin is. they buy a dollar amount buy goods and the seller sells his bitcoins, where is the value in the coin? all it is is a mechanism to help with being anonymous. Even if that was the SOLE use for Bitcoin's actual value (outside of speculation), that alone would be able to drive the price up well higher than its been already. |
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kriwest
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April 21, 2013, 04:59:35 PM |
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THC for my BTC!
in b4 junkiecoin alt
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BitcoinAshley
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April 21, 2013, 05:01:07 PM |
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Did a post from 2011 time-travel to the future?
That's what I thought. In 2011, a statement like "The entire Bitcoin economy rests on Silk Road" would be about 98% true. OP, either get with the times, or get back in the DeLorean:  |
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meangreen (OP)
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April 21, 2013, 05:04:37 PM |
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Did a post from 2011 time-travel to the future?
That's what I thought. In 2011, a statement like "The entire Bitcoin economy rests on Silk Road" would be about 98% true. OP, either get with the times, or get back in the DeLorean: silkroad is growing. people on the streets dont know what bitcoin is let alone the silkroad. STOP! |
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Come-from-Beyond
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April 21, 2013, 05:09:44 PM |
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they sell their coins. and reduce the price.
Incorrect, they buy dollars with bitcoins and increase the price. dude you just rewrote adam smiths economic laws. when stocks are sold does the price go up? No. From correct point of view there is a price of a dollar measured in bitcoins. If u buy something then price goes up, doesn't it? |
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botlove
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April 21, 2013, 05:11:59 PM |
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This is obviously stupid, buuut... There is some truth to this. Since every trader wants a margin, it's likely that each leg of a round trip of the silk road money is actually raising the price per coins, slightly.
The more something is useful, the more it's worth, the more interested society becomes, the more money people will pay for coins..
So it's the biggest exxageration I'll see today, but it's partially true, IMO
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bitpop
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April 21, 2013, 05:13:45 PM |
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Wrong. Silkroad is a TINY fraction. Most druggies can't even turn on a computer let alone get a btc wallet and start up tor.
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meangreen (OP)
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April 21, 2013, 05:18:22 PM |
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Wrong. Silkroad is a TINY fraction. Most druggies can't even turn on a computer let alone get a btc wallet and start up tor.
LOL LOL LOL You would be surprised. its actually the other way around, business' other than the silkroad are the tiny fraction right now. |
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BitcoinAshley
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April 21, 2013, 05:21:58 PM |
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Wrong. Silkroad is a TINY fraction. Most druggies can't even turn on a computer let alone get a btc wallet and start up tor.
LOL LOL LOL You would be surprised. its actually the other way around, business' other than the silkroad are the tiny fraction right now. Like I said, 2011. You are either stupid or high on silk road drugs. Where are your statistics that prove that silk road sales make up the majority of the bitcoin economy? O W8 U DONT HAEV ANY Back in the delorean, dude. |
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