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Author Topic: What price are you going back in at?  (Read 2797 times)
zby
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July 06, 2011, 06:13:30 AM
 #21

There is no competition for bitcoin now - but I would like to see something less wasteful.  Maybe with a bit of compromise on the decentralization requirement (which is in any case only partially meet by bitcoin - I am sure you've seen the latest Ben Laurie post).

Or maybe there is a competition - http://ripple-project.org/
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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ascent
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July 06, 2011, 03:45:41 PM
 #22

I'll only get back in when it gets above $30.

Actually, that's a lie, but nonetheless, it would be a valid trading strategy, as counter as it may seem.

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July 06, 2011, 04:53:21 PM
 #23

I'll only get back in when it gets above $30.

Actually, that's a lie, but nonetheless, it would be a valid trading strategy, as counter as it may seem.

Somebody has to buy high, sell low!

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
ascent
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July 06, 2011, 05:17:26 PM
 #24

I'll only get back in when it gets above $30.

Actually, that's a lie, but nonetheless, it would be a valid trading strategy, as counter as it may seem.

Somebody has to buy high, sell low!

Do you mean to say that you aren't familiar with the validity of that strategy?

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July 06, 2011, 05:26:11 PM
 #25

I'll only get back in when it gets above $30.

Actually, that's a lie, but nonetheless, it would be a valid trading strategy, as counter as it may seem.

Somebody has to buy high, sell low!

Do you mean to say that you aren't familiar with the validity of that strategy?

Of course I am. There have to be people doing it, so that the rest of us can buy low, sell high!

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
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