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Bitcycle
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August 31, 2013, 06:54:26 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Vigil
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August 31, 2013, 06:59:49 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? |
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Bitcycle
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August 31, 2013, 07:04:18 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? It'll crash, but when and to what level is the question. At some point people have to offer their btc for sale. We haven't reached that point yet. |
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damiano
Legendary
 Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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August 31, 2013, 07:11:57 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? It'll crash, but when and to what level is the question. At some point people have to offer their btc for sale. We haven't reached that point yet. I took 85 BTC worth of labcoin shares off the table. Coinbase just makes it to easy. |
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Vigil
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August 31, 2013, 07:25:59 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? It'll crash, but when and to what level is the question. At some point people have to offer their btc for sale. We haven't reached that point yet. I took 85 BTC worth of labcoin shares off the table. Coinbase just makes it to easy. too easy to do what? |
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Vigil
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August 31, 2013, 07:28:12 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? It'll crash, but when and to what level is the question. At some point people have to offer their btc for sale. We haven't reached that point yet. OK, but it might go up further before it crashes. In the meantime you would be stuck waiting for it to crash. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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August 31, 2013, 07:29:14 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? It'll crash, but when and to what level is the question. At some point people have to offer their btc for sale. We haven't reached that point yet. I took 85 BTC worth of labcoin shares off the table. Coinbase just makes it to easy. too easy to do what? To sell your coins |
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Vigil
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August 31, 2013, 07:32:23 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? It'll crash, but when and to what level is the question. At some point people have to offer their btc for sale. We haven't reached that point yet. I took 85 BTC worth of labcoin shares off the table. Coinbase just makes it to easy. too easy to do what? To sell your coins Why would you want to sell your coins now? |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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August 31, 2013, 08:06:14 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? It'll crash, but when and to what level is the question. At some point people have to offer their btc for sale. We haven't reached that point yet. I took 85 BTC worth of labcoin shares off the table. Coinbase just makes it to easy. too easy to do what? To sell your coins Why would you want to sell your coins now? Because I originally purchased coins at $65 . |
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Vigil
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August 31, 2013, 08:19:39 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? It'll crash, but when and to what level is the question. At some point people have to offer their btc for sale. We haven't reached that point yet. I took 85 BTC worth of labcoin shares off the table. Coinbase just makes it to easy. too easy to do what? To sell your coins Why would you want to sell your coins now? Because I originally purchased coins at $65 . Was your goal to accumulate more and more bitcoins or to get cash? All I am saying is that cashing out right now isn't necessarily the best thing to do. There are multiple factors to consider... Bitcoin may continue to increase after you cashout AND Labcoin shares could almost double from current prices. Now if you had some arbitrage opportunity it would definitely make sense but there isn't really and solid opportunities with the Gox situation. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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August 31, 2013, 08:40:39 PM |
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People should cash out and sell their btc for fiat before the exchange rate crashes.
What if it doesn't crash? It'll crash, but when and to what level is the question. At some point people have to offer their btc for sale. We haven't reached that point yet. I took 85 BTC worth of labcoin shares off the table. Coinbase just makes it to easy. too easy to do what? To sell your coins Why would you want to sell your coins now? Because I originally purchased coins at $65 . Was your goal to accumulate more and more bitcoins or to get cash? All I am saying is that cashing out right now isn't necessarily the best thing to do. There are multiple factors to consider... Bitcoin may continue to increase after you cashout AND Labcoin shares could almost double from current prices. Now if you had some arbitrage opportunity it would definitely make sense but there isn't really and solid opportunities with the Gox situation. There is nothing wrong with taking profits off the table. I still have plenty of shares. Yes the price will probably continue to rise, but it also could crash. I've been a victim of my own greed in the past and I do not want to repeat past mistakes. Also I can and still will generate coins on my own through mining group buys and all the dividends I collect |
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Vigil
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August 31, 2013, 09:01:59 PM |
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There isn't going to be a "crash" but it may return to $90-$100, but in that case you only missed out on a %30 gain. Is your investment in Labcoin likely to yield more than a %30 gain in the next month or two? Just trying to understand your move cause I may try to do something similar - I'm just not seeing much of an advantage at this point.
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TsuyokuNaritai
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August 31, 2013, 09:16:38 PM |
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In your dreams, we are going above 0.004 in a matter of hours.
Around 130k shares to be bought before we hit 0.004  Where's this from & WTF is going on with that X-axis? |
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Ytterbium
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August 31, 2013, 09:16:45 PM |
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There isn't going to be a "crash" but it may return to $90-$100, but in that case you only missed out on a %30 gain. Is your investment in Labcoin likely to yield more than a %30 gain in the next month or two? Just trying to understand your move cause I may try to do something similar - I'm just not seeing much of an advantage at this point.
Or they might go to 500 and then land at $250  This is similar to the situation that occurred late last year - massive quantities of hashpower scheduled to come online soon, people afraid they may be out of the mining game, and thus hording their last coins. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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August 31, 2013, 09:57:24 PM |
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There isn't going to be a "crash" but it may return to $90-$100, but in that case you only missed out on a %30 gain. Is your investment in Labcoin likely to yield more than a %30 gain in the next month or two? Just trying to understand your move cause I may try to do something similar - I'm just not seeing much of an advantage at this point.
No one knows, but judging from what I have seen and how things are going I think 30% is possible. But I do also think as the price of btc increases I think there are some who will take profits off the table. |
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Vigil
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August 31, 2013, 10:09:43 PM
Last edit: August 31, 2013, 10:55:52 PM by Vigil |
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There isn't going to be a "crash" but it may return to $90-$100, but in that case you only missed out on a %30 gain. Is your investment in Labcoin likely to yield more than a %30 gain in the next month or two? Just trying to understand your move cause I may try to do something similar - I'm just not seeing much of an advantage at this point.
No one knows, but judging from what I have seen and how things are going I think 30% is possible. But I do also think as the price of btc increases I think there are some who will take profits off the table. Of course, otherwise the price would go to infinity, which isn't possible. "Time-preference". |
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pheaonix
Sr. Member
Offline
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
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September 01, 2013, 07:51:57 AM
Last edit: September 01, 2013, 02:25:06 PM by pheaonix |
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https://bitcointalk.org/index.php?topic=285125.0when you register for this site, it redirects you to goatse lol. doesn't exactly inspire labcoin confidence. good luck EDIT: this has been resolved. it was not their fault.
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pheaonix
Sr. Member
Offline
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
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September 01, 2013, 07:55:38 AM
Last edit: September 01, 2013, 02:25:27 PM by pheaonix |
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well, he is advertising it EDIT: this has been resolved, it was not their fault. |
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drawingthesun
Legendary
Offline
Activity: 1176
Merit: 1015
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September 01, 2013, 07:56:24 AM |
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well, he is advertising it Well it seems to be fixed now anyway. Probably hacked or something. |
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