jamesc760 (OP)
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July 03, 2013, 02:10:57 PM |
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BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
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gmaki
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July 03, 2013, 02:52:46 PM |
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BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
That's interesting. I came up with exactly the same value ($2.00) using some admittedly very rough (and relatively uninformed) back of the envelope math. DISCLOSURE: I am a total newb to BC. However I estimated that as the current true value of BC given the state of ASIC mining, but don't think it will actually get to that level since the same forces that will be driving the value down will also be driving the difficulty up at the same time. Thus, I came up with the two factors converging at $20.00 and I am using that as my floor. Well a little below that because it should overshoot it's bottom just due to momentum. I think I will start buying some below $20, definitely better than attempting to mine them.
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rayfloyd
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July 03, 2013, 03:53:09 PM |
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According to your "predictions" backed by "real data", what will the price of litecoin be at the same time?
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Hyena
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July 03, 2013, 03:55:40 PM |
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Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$
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Fiyasko
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Okey Dokey Lokey
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July 03, 2013, 03:57:19 PM |
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Put a bet up or shutup, if you're correct you have nothing to fear and bitcoins to gain. If you're wrong then you get to feel the pain of making a stupid guess and wasting our time.
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BurtW
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All paid signature campaigns should be banned.
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July 03, 2013, 03:58:21 PM |
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Thanks! I will wait until then to buy. Thanks again for all this valuable information. Put a bet up or shutup, ... JackRabiit: 850+ activity. Wow.
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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rayfloyd
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July 03, 2013, 03:59:05 PM |
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Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$
Irrefutable logic. I bow down to your greatness.
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N12
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July 03, 2013, 04:01:56 PM |
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Brought to you by 1/reptilia.
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Jaroslaw
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supernode
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July 03, 2013, 04:02:05 PM |
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i agreee maybe nut 2$ but 5$ for sure
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Ivanhoe
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July 03, 2013, 04:04:05 PM |
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BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
Want to bet?
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bitcoinator
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July 03, 2013, 04:10:06 PM |
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Why do I see attempts to manipulate the price in many posts... Am I paranoiac, or is it a coordinated action?
Difficulty skyrockets, the only chance to get more bitcoins cheap for those who don't have enough dollars and hashing power is to spread FUD.
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seleme
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Duelbits.com
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July 03, 2013, 04:17:02 PM |
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Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$
I'll take that Any Caribbean island on sale?
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gmaki
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July 03, 2013, 04:20:09 PM |
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Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$
If BTC and LTC are both at $2.00 wouldn't that make BTC a screaming buy? I know I'd be buying a lot of BTC and if I had any LTC I'd be selling it (or converting it to BTC) like crazy.
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N12
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July 03, 2013, 04:28:33 PM |
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Why do I see attempts to manipulate the price in many posts... Am I paranoiac, or is it a coordinated action?
Difficulty skyrockets, the only chance to get more bitcoins cheap for those who don't have enough dollars and hashing power is to spread FUD.
Noone wants cheap Bitcoins, people want cheap dollars.
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Qoheleth
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Spurn wild goose chases. Seek that which endures.
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July 03, 2013, 04:30:59 PM |
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If you're so sure, go take out a short position and make 30x your investment.
Talk is cheap.
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If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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MXRider
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July 03, 2013, 04:55:18 PM |
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Houston, we have a problem! Great Master of Bitcoin, Sir Pietila told me that Bitcoin will reach $300 000 so OP is spreading BS:
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HappyBitCoinUser
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July 03, 2013, 05:42:01 PM |
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BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
Probably even lower than that. Its nice to finally see someone that isn't doing drugs, and think that we're going to hit $1k or $1M. I haven't check in the last 24 hours, so I brought up MtGox expecting to see maybe $95 but it was $82 lol... dropping fast! Heheh.
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Qoheleth
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Activity: 960
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Spurn wild goose chases. Seek that which endures.
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July 03, 2013, 06:02:03 PM |
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BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
Probably even lower than that. Overall, my outlook is bearish these days. The price will fall for a while - I've accepted it. But every time I see people talking about the price falling below $2/coin, I wonder what's going on inside their brains. Compare today's world to the world of late 2011. The USD/BTC rate had only spiked once, followed by a long and depressing bear-market, and there was a good chance that over-$10/coin was a one-time thing, an accident never to come again. Other than Silk Road, there was very little you could do with BTC. In that world, in a world where a good argument could be made that Bitcoin was on its way out, the exchange rate tested $2/coin in enormous volume, and $2/coin proved itself sound. If $2/coin was an impenetrable wall of value-confidence back then, what on earth could break that value-confidence today, in a world where high BTC prices have come twice ("and why not again?"), in a world where there are institutional investors dipping their toes into the market, in a world where you can buy food and shelter with your bitcoins? I'm bearish, sure. It's my guess (granted, one that I refuse to trust, or else I'd be shorting like mad) that the bottom will be somewhere in the $11-30 range, which is way lower than what we have today. But barring something that shatters the Bitcoin network itself, I do not think that we will see $1.95/coin again.
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If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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imbladednow
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July 03, 2013, 06:06:29 PM |
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Houston, we have a problem! Great Master of Bitcoin, Sir Pietila told me that Bitcoin will reach $300 000 so OP is spreading BS:
So Im going to buy at 2USD this winter because of this reason. Thank you
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I need crypto in my life and garbage out of it.
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dbanga85
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July 03, 2013, 06:10:14 PM |
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BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
Bro you sound stupid as shit
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Buy Low Sell HIGH is the Motto...
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