Jozzaboy
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Activity: 98
Merit: 10
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June 09, 2013, 04:24:29 PM |
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It's been very quite recently as far as it concerns the bitcoin.
After the big headlines in the news papers, the buzz is over.
I don't see many people are trading bitcoin for goods. Ya, because whenever I try to buy something with BitCoin I get SCAMMED. BitCoin is USELESS FOR THE AVERAGE, EVERYDAY PERSON! Now people's response to this growing use of scams in trades is "use an escrow". THAT IS NOT THE POINT OF BITCOIN, TO USE AN ESCROW! What good is it if you HAVE to use an escrow. Not to mention: http://www.coindesk.com/200-million-credit-card-fraud-highlights-bitcoins-security/IT IS DEAD You change your tone a lot FUD-meister? why did you just add $10,000 to an exchange??  |
BTC: 16whd9eNR8WY9nVhUUevNYMbQB2eS1jtYF I also accept precious metals, no paper money please. |
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papaminer
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June 09, 2013, 05:46:32 PM |
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it was at 87 a few weeks ago and bounced back to 130. I'm sure you said it was "game over" then too. If you say that every time it drops, you will be right eventually but wrong every other time of course.
this! |
฿: 1L7dSte4Rs4KyyxRCgrqSWYtkXdAb4Gy1z MORE INFO ABOUT ME: BTC |
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bigdude
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June 09, 2013, 05:51:24 PM |
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it was at 87 a few weeks ago and bounced back to 130. I'm sure you said it was "game over" then too. If you say that every time it drops, you will be right eventually but wrong every other time of course.
this! this! |
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BitcoinFX
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Merit: 1720
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
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June 09, 2013, 06:16:45 PM |
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value dropping like a rock....  Value or Price? The bitcoin game isn't even close to being over until we reach level 21 (and it continues to get more interesting for a long while after that, in theory). We've not long completed level 10... Lower prices might actually provide opportunities for the masses to buy into Bitcoin once again. Even if Bitcoin hit say $5 a coin, that might actually be a good thing long-term. The opportunity to buy into any stock with known extreme volitiity at a low price should make it an attractive proposition for anyone and not just investors. At lower prices Bitcoin is better as a currency. At higher prices it becomes more of a commodity. The correct balance will hopefully be established someday, price stability is important. https://www.youtube.com/watch?v=qwy5kgwvzE4*Sings* The Proudhon Song - https://www.youtube.com/watch?v=A7TuFy0fcuw |
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klee
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Activity: 1498
Merit: 1000
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June 09, 2013, 06:59:58 PM |
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it was at 87 a few weeks ago and bounced back to 130. I'm sure you said it was "game over" then too. If you say that every time it drops, you will be right eventually but wrong every other time of course.
this! this! this! |
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Jozzaboy
Member
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Activity: 98
Merit: 10
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June 09, 2013, 07:22:35 PM |
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it was at 87 a few weeks ago and bounced back to 130. I'm sure you said it was "game over" then too. If you say that every time it drops, you will be right eventually but wrong every other time of course.
this! this! this! this! |
BTC: 16whd9eNR8WY9nVhUUevNYMbQB2eS1jtYF I also accept precious metals, no paper money please. |
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nviere
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June 09, 2013, 08:21:40 PM |
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it was at 87 a few weeks ago and bounced back to 130. I'm sure you said it was "game over" then too. If you say that every time it drops, you will be right eventually but wrong every other time of course.
this! this! this! this! this! |
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Ivanhoe
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June 09, 2013, 08:43:33 PM |
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it was at 87 a few weeks ago and bounced back to 130. I'm sure you said it was "game over" then too. If you say that every time it drops, you will be right eventually but wrong every other time of course.
this! this! this! this! this! C-C-C-COMBOBREAKERRRRR!!!!11!!1 |
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AliceWonder
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June 09, 2013, 08:54:51 PM |
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it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.
I also think a bitcoin can be worth 0 dollars and still not be game over.
1 bitcoin can be worth 1 barrel of oil.
a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars. Currency only has value if you can actually buy things. Other than gambling and drugs, there isn't much you can currently buy with bitcoins. |
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ErisDiscordia
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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June 09, 2013, 08:56:21 PM |
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Me: Bitcoin is cool!
95% of my facebook friends: What's Bitcoin?
What big headlines? The media has no idea.
Oh hai, nice avatar  and yes there has been some news hype but most people have no clue. People eating burgers in one of the places accepting Bitcoin the Berlin Bitcoin Kiez had no idea, how informed do we suppose the general population to be? |
It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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chriswilmer
Legendary
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Activity: 1008
Merit: 1000
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June 09, 2013, 09:05:27 PM |
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it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.
I also think a bitcoin can be worth 0 dollars and still not be game over.
1 bitcoin can be worth 1 barrel of oil.
a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars. Currency only has value if you can actually buy things. Other than gambling and drugs, there isn't much you can currently buy with bitcoins. You can buy pretty much anything with bitcoins right now thanks to bitspend, gyft, etc. Also, WHERE IS YOUR IMAGINATION? Bitcoin adoption is constantly growing. Don't look at how bitcoins work today, think about how the world will look with bitcoins tomorrow. That's how investing works, you buy an asset that you think will be valuable in the future. |
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hlynur
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June 09, 2013, 09:10:04 PM |
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it was at 87 a few weeks ago and bounced back to 130. I'm sure you said it was "game over" then too. If you say that every time it drops, you will be right eventually but wrong every other time of course.
this! this! this! this! this! this! this! plus game isn't even over under 30$. at some point we have less speculation because of small gain in profit and it will stabilize more which is good for actual market growth. |
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crumbs
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June 09, 2013, 09:14:33 PM |
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it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.
I also think a bitcoin can be worth 0 dollars and still not be game over.
1 bitcoin can be worth 1 barrel of oil.
a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars. Currency only has value if you can actually buy things. Other than gambling and drugs, there isn't much you can currently buy with bitcoins. You can buy pretty much anything with bitcoins right now thanks to bitspend, gyft, etc. Well no, thanks to Gyft i can convert Bitcoin into currency i can buy stuff with. You're saying "You can buy pretty much anything with bitcoins cows right now thanks to gyft cattle auctions, etc." Also, WHERE IS YOUR IMAGINATION? Bitcoin adoption is constantly growing. Don't look at how bitcoins work today, think about how the world will look with bitcoins tomorrow. That's how investing works, you buy an asset that you think will be valuable in the future.
The cool thing about real money is you don't need any imagination. If imagination bought stuff, i wouldn't need Bitcoin.  |
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johnyj
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Activity: 1988
Merit: 1012
Beyond Imagination
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June 09, 2013, 09:23:30 PM |
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Reloading a saved game... |
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crumbs
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June 09, 2013, 09:27:28 PM |
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Reloading a saved game... Lucky. I can't save -- this is a crippled demo. |
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AliceWonder
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June 09, 2013, 09:43:21 PM |
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Also, WHERE IS YOUR IMAGINATION? Bitcoin adoption is constantly growing. Don't look at how bitcoins work today, think about how the world will look with bitcoins tomorrow. That's how investing works, you buy an asset that you think will be valuable in the future.
Adoption isn't really growing if businesses don't take it. Speculation is growing and that's dangerous, look at the dot.com bust. Bitcoin needs businesses that use it. My imagination is in making that happen. Building a business that exclusively takes bitcoins. Providing a place for people to spend it on stuff they normally purchase with cash or credit cards. There aren't enough of those places, and by providing such a place I very well may profit far more than any Bitcoin value speculation. The Bitcoin value speculation ship has sailed. Some money can be made, sure, but the huge profits - those days are gone. Why do you think so many alt currencies are popping up? People trying to do what they can't do in Bitcoin anymore. We need easier safe ways to get bitcoin, exchanges that operate in the United States and comply with US law, better documentation, clients that aren't confusing to non-penguins. |
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hlynur
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June 09, 2013, 10:29:47 PM |
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Also, WHERE IS YOUR IMAGINATION? Bitcoin adoption is constantly growing. Don't look at how bitcoins work today, think about how the world will look with bitcoins tomorrow. That's how investing works, you buy an asset that you think will be valuable in the future.
Adoption isn't really growing if businesses don't take it. Speculation is growing and that's dangerous, look at the dot.com bust. Bitcoin needs businesses that use it. My imagination is in making that happen. Building a business that exclusively takes bitcoins. Providing a place for people to spend it on stuff they normally purchase with cash or credit cards. There aren't enough of those places, and by providing such a place I very well may profit far more than any Bitcoin value speculation. The Bitcoin value speculation ship has sailed. Some money can be made, sure, but the huge profits - those days are gone. Why do you think so many alt currencies are popping up? People trying to do what they can't do in Bitcoin anymore. We need easier safe ways to get bitcoin, exchanges that operate in the United States and comply with US law, better documentation, clients that aren't confusing to non-penguins. +1 but it's good that bubbles keep popping, at some point the hole pot is cooking. everything right now feels like the beginning of the internet. Small startups, slow growth that couldn't keep up with the huge specualtion bubble. But think of developement of companies like google or facebook right now. I wonder if some day we will see a bitcoin-based company starts selling shares at a regular stockexchange. that would be a nice paradox  . |
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Blaztoize
Donator
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Activity: 196
Merit: 100
My posts are seldom static, but always readable :)
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June 10, 2013, 12:13:02 AM |
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Old article TL;DR. What's your point? Someone apparently cannot infer. Read the damn article (in it's entirety) and connect the dots in order to see my point, you rainbow-tailed dandy. If you need it laid out for you, then you don't belong here IMHO. Off-topic: God I hate 'TL;DR' with a burning passion. Get out of here with that shit.Bye now. |
Pokédex: The jets of water it spouts from the rocket cannons on its shell can punch through thick steel.
BTC: 1Pt2zKYL1CzgqoWy2gETLrqZhWTQSziVno
As of July 2015, I'm back! Currently working on building trust.
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worldinacoin
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June 10, 2013, 01:04:21 AM |
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Everytime there is a slight Bitcoin movement, we have doomsayer predicting the demise of Bitcoin. Bitcoin has survived quite a lot of such fluctuations, hacking, whatever. But it is getting stronger and stronger. Just look at the growth of Bitcointalk and you can see the number of those interested in Bitcoin has increased a lot. Bitcoin Game Not Over.
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