wuvdoll
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Activity: 1442
Merit: 1025
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July 26, 2017, 08:42:15 PM |
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As a I can see it confidence in bitcoin was not lost, all of the dump was made to take advantage of the incoming Aug 1 splitting (if any). Let's just laugh for those who have cold hands.
Its true. It took so long to recover back to $1000 and when we hit it in January it seemed surreal. Fast forward to july and we pump from 1800 to 2800 in a matter of days. Nothing is lost at this point. No it will never return to 1000 USD of bitcoin. Because economy of bitcoin and the market of bitcoin is going very high even it would reach to $10,000 soon as the market going with a speed so we should say that bitcoin will change the world problems. Bitcoin will change a lot of things and finally it would become an only 1 currency which will use worldwide. So, yes nothing is lost at this point. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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virasog
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Activity: 2968
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July 28, 2017, 04:15:32 PM |
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I think because the price is so low for bitcoin owners to panic with falling bitcoin prices and hence less confident users with bitcoin prices and lower prices, maybe now the price has started to slightly increase and every bitcoin holder will come back. As before the bitcoin prices went down
As soon as the news came in that BIP 91 was being locked in, we saw a jump in bitcoin prices from 2200$ to 2700$ and for the last few days we are staying between 2700$ to 2800$. I think as soon as soft fork is implemented on August 1, we can see bitcoin blasting the 3000$ and be stable at 3500$+. We are all waiting for this event to happen and still 4 days left in that. |
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GideonGono
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July 28, 2017, 04:51:15 PM |
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...
I have looked over several threads here at bitcointalk, and it looks like SegWit is slowly being implemented (or planned for, or whatever) AND the price just ticked to (about) $2300, some $450 (or more) off its recent lows.
This suggests to me that confidence is returning to Bitcoin.
But, this might be just a bear trap, especially if anything goes wrong around August 1.
Yep. There are two interpretations which can be a positive one or negative. But if we go in a positive side then we will see a much higher price of Bitcoin which has a high chance to reach $3000. In negative, it will depend on how you trust which will do better and will gain a greater momentum but if you don't trust or unsure then you are free to convert them into fiat then buy which Bitcoin that will bring you profit when you have decided. |
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MrEthics69
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Activity: 41
Merit: 0
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September 02, 2017, 01:44:37 PM |
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I'm confidence about returning my Bitcoin became Bitcoin is a secure and popular site also.
I'm never lost my Bitcoin that's why my confidence level is high.
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karisiak123
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September 09, 2017, 06:14:12 AM |
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I strongly believe in bitcointalk because the money is so clear and I started telling my friends about bitcointalk.
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Agamemnus
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September 09, 2017, 06:46:30 AM |
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If you have some confidence, you can learn about Bitcoin very quickly.
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katrimans
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September 11, 2017, 10:29:45 AM |
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I'm confidence about returning my Bitcoin became Bitcoin is a secure and popular site also.
I'm never lost my Bitcoin that's why my confidence level is high.
Yes the confidence over bitcoin is building up and up. And when the security level is up to the peak and there is no worry about the loss, steal and hack of bitcoin, the people confidence will go deeper and deeper. I also realize that when there is some issues and fair of something wrong then nobody will trust in bitcoin, but there is no such an issue and the result is that people confidence is very high. |
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OROBTC (OP)
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Activity: 2898
Merit: 1841
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September 16, 2017, 03:09:23 AM |
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...
Too bad I was unable to take advantage of BTC's price of briefly under $3000.
My guess is that BTC price could drop again, but the brave will "BTFD"!
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Darker45
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Activity: 2562
Merit: 1854
🙏🏼Padayon...🙏
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September 16, 2017, 03:26:09 AM |
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The recovery is slowly gaining acceleration for bitcoin right now. I hope it continues to hit $5000 and gain even more before falling once again to cater the other buyers and investors who badly missed the opportunity of cheap BTC buying. A couple of months is good enough, perhaps by November there will be another dip of prices.
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talkbitcoin
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Activity: 1372
Merit: 1032
All I know is that I know nothing.
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September 16, 2017, 03:43:05 AM |
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this is an old topic but it is interesting to see how it is still relevant and also to see that the same thing has happened again.
the more interesting part is the fact that this has been happening as long as bitcoin existed and people still fall for the same thing!
rally > price rise > ATH > profit > FUD > drop > short > bottom > buy back > inevitable rise > profit > rally
rinse and repeat
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Powerman001
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September 16, 2017, 03:45:21 AM |
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Bitcoin I'm sure is still the mainstay coins from other coin coins. although prices are rising rapidly but their prices tend to be stable and increasing
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Drizzlepistol
Full Member
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Activity: 134
Merit: 100
Decentralized Ascending Auctions on Blockchain
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September 16, 2017, 03:48:50 AM |
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this is an old topic but it is interesting to see how it is still relevant and also to see that the same thing has happened again.
the more interesting part is the fact that this has been happening as long as bitcoin existed and people still fall for the same thing!
rally > price rise > ATH > profit > FUD > drop > short > bottom > buy back > inevitable rise > profit > rally
rinse and repeat
remember 2015 when bitcoin below 350$. everyone say this is the end of crypto world or bla bla... and everything still comeback. Soon we will have news like China accept bitcoin. Now bitcoin and ICO under control by goverment or something like this |
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Etaurith
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Activity: 82
Merit: 10
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September 21, 2017, 08:50:23 AM |
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It seems the value of bitcoin is rising again, though many got had a heart attack and sold their bitcoin, but I knew that the bitcoin would rise again because that is how bitcoin works. Bitcoin just plays a little mind game with you to see if you believe in bitcoin or not.
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OROBTC (OP)
Legendary
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Activity: 2898
Merit: 1841
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September 22, 2017, 04:48:22 PM |
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...
I had a chance to study a long-term Bitcoin price chart at blockchain.info. I noted that there tend to be what look like exponential price moves up after lows (FUD-ly, etc.). Sometimes these take two - three years, sometimes more quickly. I have not seen a chart using and exponential Y-Axis though, bet that would be interesting...
This is just an observation on past price movements, buying and selling BTC ought to be based on more than just looking at past price movements.
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Ngewex Yuk
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September 22, 2017, 06:19:16 PM |
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Since nine months I know bitcoin, I'm used to prices that go up and down in the extreme, I think this is a very natural thing and definitely bitcoin prices will continue to rise.
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TIME
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SLEEP
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carlisle1
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September 22, 2017, 06:28:08 PM |
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It seems the value of bitcoin is rising again, though many got had a heart attack and sold their bitcoin, but I knew that the bitcoin would rise again because that is how bitcoin works. Bitcoin just plays a little mind game with you to see if you believe in bitcoin or not.
fluctuations really shake those weak holders and as we witness another downfall many will sell there bitcoin again for sure with exchange that will be close coming sept 30, maybe we will see more downfall and support level will be at risk, but all in all we must believe that bitcoin value will comeback and rise again. |
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DewiKirana
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September 22, 2017, 06:38:48 PM |
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Keeping caution is important, but I am more optimistic than usual that bitcoin will soar. Because in the last few days bitcoin started showing price increases than usual, it's nice to go back to bitcoin again.
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yoseph
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September 22, 2017, 06:48:10 PM |
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...
Too bad I was unable to take advantage of BTC's price of briefly under $3000.
My guess is that BTC price could drop again, but the brave will "BTFD"!
Why didn't you, I am guessing that you didn't have enough funds to buy some. Keeping caution is important, but I am more optimistic than usual that bitcoin will soar. Because in the last few days bitcoin started showing price increases than usual, it's nice to go back to bitcoin again.
I agree with you on that premise it's only newbie investors who are cared when they see bitcoin value going down, matured investors are really not disturbed because it's only a matter of time when bitcoins soars again after taking a few hits. |
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MFahad
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September 23, 2017, 03:36:50 AM |
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Was there ever a loss of confidence? If you lost it, then you were all alone in that practice. The price does what it does and long term shows the truth, you may have doubted the black and white numbers, but you were over there with a handful of odd little people that also believe in flat earth. Bitcoin worth is determined by the people who hold them firmly and will keep on holding.
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FansUnite
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https://fansunite.io
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September 23, 2017, 03:45:17 AM |
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Interesting to read this original post now that we are well past August 1. Clearly after August 1 things were rolling, but now there is more issues that have been presented. Until bitcoin becomes fully accepted and mainstream there might be ongoing volatility involving confidence and other matters. The volatility could be a part of it for awhile, need more acceptance and mainstream status......
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