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Author Topic: Bitcoin will never reach $20 again  (Read 40267 times)
Cluster2k
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January 31, 2013, 08:40:29 AM
 #301

Knock, knock, knocking on $20's door.  $19.98998. 

Mr Gorbachev, tear down this wall!
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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oakpacific
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January 31, 2013, 08:49:26 AM
 #302


https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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January 31, 2013, 08:53:16 AM
 #303

We got it!
Cluster2k
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January 31, 2013, 08:59:31 AM
 #304

Yes!

I am filling my pants
Jack1Rip1BurnIt
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January 31, 2013, 09:01:31 AM
 #305

Quadrupled since a year ago. Lovin' it!

Successful trades with bels, misterbigg, ChrisNelson, shackleford, geniusboy91, and Isokivi.
Hexadecibel
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January 31, 2013, 09:01:52 AM
 #306

Sooo.. bitcoin reached $20 again
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January 31, 2013, 09:04:41 AM
 #307


One off NP-Hard.
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January 31, 2013, 09:05:11 AM
 #308

20 dollars each now, a little over..!

It seemed like a good idea at the time.
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January 31, 2013, 09:08:13 AM
 #309

I guess we can retired this thread now, after all the "told you so" have been chimed in.

more or less retired.
oakpacific
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January 31, 2013, 09:09:17 AM
 #310

I guess we can retired this thread now, after all the "told you so" have been chimed in.

Yeah, finally this Zombie should RIP and no more necromancing.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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January 31, 2013, 09:16:15 AM
 #311

I am just now waiting for the stories about bought at 32, sold at 40! Smiley  The purchase being at the summer bubble high. haha.
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January 31, 2013, 09:17:16 AM
 #312

There is just one thing I don't understand: OP is an economist, and he didn't get it right?  Huh  
 
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January 31, 2013, 09:24:45 AM
 #313

lol @ OP

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January 31, 2013, 09:27:35 AM
 #314

 Grin

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January 31, 2013, 09:31:28 AM
 #315

UTC +11

ozbot in #cgminer

31-Jan-2013 19:52 < ozbot> Gox  | Buy: $19.9999 Sell: $19.99999 Last: $19.9999 High: $19.99999 Low: $19.15
31-Jan-2013 19:53 < ozbot> Gox  | Buy: $19.99993 Sell: $20 Last: $20 High: $20 Low: $19.15

Just for the record Smiley

No doubt the MtGox log would show the specific time and exchange that first hit $20, but anyway - yep a bit over half an hour ago.

Edit: and in case anyone was wondering ... it's kept going ...

31-Jan-2013 20:31 < ozbot> Gox  | Buy: $20.12103 Sell: $20.19 Last: $20.12103 High: $20.39999 Low: $19.19

Pool: https://kano.is - low 0.5% fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee   Bitcointalk thread: Forum
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January 31, 2013, 10:09:40 AM
 #316

If you look way back at the beginning of this thread you'll see just how much I didn't like this guy.   Wink

I still don't like him.  Wink
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January 31, 2013, 10:18:15 AM
 #317

He was right about one thing though.  It did get back below $5.

Just another buying opportunity.
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January 31, 2013, 10:19:17 AM
 #318

I wonder if there's demand from those who want in on Avalon's 2nd batch? Avalon are only taking bitcoin. Could be driving the price over $20.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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January 31, 2013, 10:22:32 AM
 #319

I wonder if there's demand from those who want in on Avalon's 2nd batch? Avalon are only taking bitcoin. Could be driving the price over $20.

bingo
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January 31, 2013, 11:00:08 AM
 #320

I wonder if there's demand from those who want in on Avalon's 2nd batch? Avalon are only taking bitcoin. Could be driving the price over $20.

bingo

If my guess is correct, then watch the price crash back below $20 just after 9am EST once the btc trades hands.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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