FlipPro
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August 03, 2011, 01:51:53 AM
Last edit: August 03, 2011, 02:18:27 AM by FlipPro |
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$/BTC is looking like DJI.
Which is what confuses me. I would think BTC would seem like an asset to hold like gold in times when the dollar/euro and global stock exchanges are shaky. There are so few big players in the BTC game I guess it behaves a little differently. Gold doesn't need electricity. BTC is a bi-product of our current Internet reality. If we could figure out a way to run the block-chain without the need of a domestic power source, Bitcoins would double in price tomorrow  . Which is why I purpose everyone donating BTC into a big pot, we get investors & established company's on board. And we blast the block-chain into space using a self sufficient satellite that runs off the sun. That would make bitcoins virtually indestructible to the point where it would take a missile to disrupt the blockchain. Gold needs energy to survive. It takes energy to mine it. It takes energy to refine it. It takes energy to transport it. Even if all the gold was mined, refined, and transported just sitting there, you still need energy to trade it, whether electonically or physically. Gold needs energy to be excavated from the ground but needs 0 energy to be stored. However to hold Bitcoins you need ENERGY. With no energy the block-chain can't work, thus making your Bitcoins worthless. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Piper67
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August 03, 2011, 01:55:40 AM |
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$/BTC is looking like DJI.
Gold needs energy to survive. It takes energy to mine it. It takes energy to refine it. It takes energy to transport it. Even if all the gold was mined, refined, and transported just sitting there, you still need energy to trade it, whether electonically or physically. Gold needs energy to be excavated from the grown but needs 0 energy to be held. However to hold Bitcoins you need ENERGY. With no energy the block-chain can't work, thus making your Bitcoins worthless. Nah, gold also needs energy to be traded. I can hold a bunch of BTC in a flash drivenfor years, without spending any energy, until I decide to trade them or use them. Same thing with gold. Once you want to trade or use it, there's energy involved in determining its purity, selling it, buying it, melting it and so on. |
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FlipPro
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August 03, 2011, 02:22:26 AM |
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Nah, gold also needs energy to be traded. I can hold a bunch of BTC in a flash drivenfor years, without spending any energy, until I decide to trade them or use them. Same thing with gold. Once you want to trade or use it, there's energy involved in determining its purity, selling it, buying it, melting it and so on.
When did I say anything about trading? If you want to compare the "energy" it takes to trade gold in comparison to Bitcoin, gold could be exchanged just as easily. That's why there's something called E-GOLD... However, you're missing my point, if the blockchain goes bye-bye all your bitcoins automatically become worthless. Sure you can store Bitcoins with the latest blockchain, but they would be rendered useless in a network attack that took us back 2009... The block chain could go bye bye under many different scenarios, and having Bitcoins not on this planet could render those scenarios impossible. |
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Yannick
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August 03, 2011, 11:42:05 AM |
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Anduril
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August 03, 2011, 03:49:21 PM |
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Tx2000
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August 03, 2011, 04:01:40 PM |
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It's over. Hide your cards, sell your wife. It's going down like the Titanic or like KFC's stock on a promotional free chicken day.
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Edward50
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August 03, 2011, 04:13:40 PM |
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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bitclown
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August 03, 2011, 04:15:22 PM |
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We're all gonna buy die!
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bittersweet
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August 03, 2011, 04:17:22 PM |
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Catch them all!  |
My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
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Hunterbunter
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August 03, 2011, 04:36:24 PM |
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oh snap just burst through 11 like a flood.
Waaaaaaay to many people just wanting to get out/protect their cash now...man it takes nerves of steel to hang around...
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SgtSpike
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August 03, 2011, 04:39:56 PM |
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Buyback in T minus 1000, 999, 998...
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tvbcof
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August 03, 2011, 05:12:39 PM |
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Daaaamn! Someone got my 8-n-change 'absurd' bid on Tradehill just now. C-mon baby...down to $5 and I'm done.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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bittersweet
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August 03, 2011, 05:26:14 PM |
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My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
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bittersweet
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August 03, 2011, 05:38:16 PM |
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My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
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Houdini
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August 03, 2011, 10:51:38 PM |
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It's over. Hide your cards, sell your wife. It's going down like the Titanic or like KFC's stock on a promotional free chicken day.
Well it seems like the fall is over (at least for now) and it's holding a little above 9. I've been expecting the price to fall, actually sooner than this, it's been stagnant for longer then expected. What's most irritating is that bitcoincharts.com also fell during this fall. And it hasn't gotten up yet ! Also extremely irritating is the fact that there were two peaks when it rose from about 9 to above 11 quickly and then fell back, and I missed both, I looked at the prices just before and just after that (I went to the bathroom and did some other stuff in between), so I missed an incredible chance for making money ! She must be saying : Wow, it's that long !?  ROTLFMAO !  |
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FlipPro
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August 03, 2011, 10:58:48 PM |
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It's over. Hide your cards, sell your wife. It's going down like the Titanic or like KFC's stock on a promotional free chicken day.
Well it seems like the fall is over (at least for now) and it's holding a little above 9. I've been expecting the price to fall, actually sooner than this, it's been stagnant for longer then expected. What's most irritating is that bitcoincharts.com also fell during this fall. And it hasn't gotten up yet ! Also extremely irritating is the fact that there were two peaks when it rose from about 9 to above 11 quickly and then fell back, and I missed both, I looked at the prices just before and just after that (I went to the bathroom and did some other stuff in between), so I missed an incredible chance for making money ! She must be saying : Wow, it's that long !? ROTLFMAO ! I think that quick spike had some serious bot action . |
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TiagoTiago
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August 04, 2011, 04:57:06 AM |
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She must be saying : Wow, it's that long !? ROTLFMAO ! LMFAO Those pics fit perfectly together Xp |
(I dont always get new reply notifications, pls send a pm when you think it has happened) Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar! |
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Houdini
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August 07, 2011, 12:18:30 AM |
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Those pics fit perfectly together Xp
Yeah, I thought the same thing when I saw my post... She's gonna BLOW... |
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Bitcoinreminder.com
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August 07, 2011, 12:20:27 AM |
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But I dont see it as bad as it is.. 2nd chance to be an early adopter ^^
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Houdini
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August 07, 2011, 12:37:49 AM |
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But I dont see it as bad as it is.. 2nd chance to be an early adopter ^^
Only if it rises to dozens of $ value for the 2nd time ! |
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