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Author Topic: What i've learned from bitcoin since 2014  (Read 446 times)
2017Bubble (OP)
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July 15, 2017, 03:48:38 PM
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It always drops harder then it rises

1714719893
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Ted E. Bare
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July 15, 2017, 03:49:21 PM
 #2

The opposite is true actually. That is why the price is increasing over the years, lol.
You are doing great on your FUD campaign I see.
~Bitcoin~
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July 15, 2017, 03:59:06 PM
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It always drops harder then it rises
Just looks back to charts you will find the difference between rate of recent pump and rate of current correction. Better to say this is another correction rather than a huge dump.

Price was correcting before but fud about hardfork created huge panic among newbie traders which force price to plunge more than it should.

skorupi17
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July 15, 2017, 04:52:49 PM
 #4

It always drops harder then it rises

True, but it does not go back from where it started. Even though it dropped harshly, it is still higher from the level it started climbing. Have you looked at the charts? The price is going upward (average, except the recent drop). The best and appropriate for this is "when it drops hard, it will rise harder."

You know what, I can see kwukduck in a 2017Bubble Grin
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July 15, 2017, 05:57:20 PM
 #5

It always drops harder then it rises

True, but it does not go back from where it started. Even though it dropped harshly, it is still higher from the level it started climbing. Have you looked at the charts? The price is going upward (average, except the recent drop). The best and appropriate for this is "when it drops hard, it will rise harder."

You know what, I can see kwukduck in a 2017Bubble Grin

Last summer's ATH was $800 and this summer's ATH has been $3000 so far. If it always drops harder then it rises this summer's ATH would be below last summer's, not above it. The recent drop was a small correction, which will probably be followed by further ATHs.
centralbanksequalsbombs
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July 15, 2017, 06:29:54 PM
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BTC vs S&P US Stocks vs Gold vs US Bonds

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July 15, 2017, 06:36:19 PM
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BTC vs S&P US Stocks vs Gold vs US Bonds

Hahaha a picture is worth 1000 words. What say you OP? Oh no, we're still only 100s of percentages higher than literally anything else out there. What ever will I do?! What's all the FUD about? Are you promoting an altcoin or you just want to buy some cheap coins? You aren't doing this because you don't believe in bitcoins anymore, because that would just be a waste of time.
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