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jehst (OP)
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October 22, 2013, 01:19:38 PM |
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What happens when the 3rd round of US media frenzy arrives (June 2011 and April 2013 were the first two) as bitcoin approaches its all-time high in USD?
I'd say that the old blood will be very nervous with bitcoin at 266.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Ivanhoe
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October 22, 2013, 01:21:59 PM |
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Then Bitcoin will look legitimate in the eyes of a lot of people. And only then the new bubble begins.
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gwoplock
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October 22, 2013, 01:37:33 PM |
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one word. BUBBLES.
the same thing happened in April 2013.
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Zangelbert Bingledack
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October 22, 2013, 02:05:31 PM |
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Going into another giant price run-up only 6 months after the last one will really indicate to people that "even if it looks like it's rising too fast, and even if it looks like it's crashing to zero, it's really only going higher." That should have been what people were thinking earlier this year, since there was 2011 to look back on and it was far bigger than the 2013 action, both upward and downward, but it had been two years so people forgot. This time it'll be much harder to forget.
People will get the idea that it really is here to stay and they cannot lose all their investment on speculative capitulation alone. That is a key fear that is now gone, perhaps for good. Of course a problem with the protocol, etc. could send the value to zero, but speculation alone won't.
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BitChick
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October 22, 2013, 03:01:32 PM |
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one word. BUBBLES.
the same thing happened in April 2013.
At least the press isn't giving us all the "Bubble" hype that happened last time. I think it is better this way. Perhaps when the price gets over $266 we will start hearing news about another bubble. It would seem to me that if they keep saying that it is a bubble and the bubble keeps bouncing back that the press, and others on this board, will eventually realize that Bitcoin is more stable and is going to keep going up. Sure it will drop down at times but it will come back even stronger the next time. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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wobber
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October 22, 2013, 03:05:04 PM |
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Why am I being censored??? My "bubble pops" post has been deleted and no notifications!
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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Herp
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October 22, 2013, 03:09:41 PM |
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This forum is full of cheap dilettantes who don't understand the meaning of the word "bubble" and throw it around with the ease of taking a quick piss. Just have a look at the stock of Microsoft or Google or 3D Systems and notice the growth they've experienced. Do you know where price of Microsoft stock should be hadn't been for all the stock splits? Microsoft has split its stock nines times since it went public back in March 1986. Put very, very simply, a company will generally split its stock when its share price becomes too high.
Since Microsoft has had six 2-for-1 splits and three 3-for-1 splits, one original Microsoft share would now be equal to 288 shares today. Interestingly the price of Microsoft's stock at its initial public offering was $21 a share, at the time of writing a share is now around the $23 mark. One original MSFT share would now be worth over $6,000. http://mashable.com/2010/07/17/microsoft-facts/ This was 2010 info where MSFT was $23/share. Price now is much higher. So please take that bubble retarded mediocre talk somewhere else. Mainstream media uses this BS "bubble" a lot to describe Bitcoin. I don't need to hear same BS idiocy of infantile twats on this forum also. Growth is not synonymous with bubble! |
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derpinheimer
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October 22, 2013, 03:45:40 PM |
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Fail, msft would be up about 20 percent...a year. That's no bubble.
20 percent in 3 days....
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darkmule
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October 22, 2013, 03:52:56 PM |
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What happens when the 3rd round of US media frenzy arrives (June 2011 and April 2013 were the first two) as bitcoin approaches its all-time high in USD?
I'd say that the old blood will be very nervous with bitcoin at 266.
Not really. If the last two high water marks are any indication, the next will be well over 266, and when it "crashes," it will be to something well over $100. |
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BittBurger
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October 22, 2013, 04:30:38 PM |
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I always love the idiots who comment on BTC articles on the various news sites. Talking trash. Calling it Ponzi. Referencing Tulips. Calling all of us fools.
Those people aren't so vocal anymore. I've noticed how its fairly quiet in the comments area now.
I feel like calling those people out and asking if they'd like my foot in their mouth as well, or if their own is sufficent?
Those people pissed me off big time. I want to rub their faces in it....
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BitChick
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October 22, 2013, 04:39:19 PM |
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I always love the idiots who comment on BTC articles on the various news sites. Talking trash. Calling it Ponzi. Referencing Tulips. Calling all of us fools.
Those people aren't so vocal anymore. I've noticed how its fairly quiet in the comments area now.
I feel like calling those people out and asking if they'd like my foot in their mouth as well, or if their own is sufficent?
Those people pissed me off big time. I want to rub their faces in it....
This time around hopefully they are feeling deep regret for not buying any Bitcoin. They would still be smart to jump in. They will still probably make fun of it though. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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Tirapon
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October 22, 2013, 04:41:41 PM |
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I always love the idiots who comment on BTC articles on the various news sites. Talking trash. Calling it Ponzi. Referencing Tulips. Calling all of us fools.
Those people aren't so vocal anymore. I've noticed how its fairly quiet in the comments area now.
I feel like calling those people out and asking if they'd like my foot in their mouth as well, or if their own is sufficent?
Those people pissed me off big time. I want to rub their faces in it....
I hear where you're coming from, but those sorts of comment never pissed me off. I'd just think 'lol alright mate, this is where the party is but you don't have to join in if you don't want to. Come back in a few years' |
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wasserman99
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October 22, 2013, 04:43:03 PM |
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I always love the idiots who comment on BTC articles on the various news sites. Talking trash. Calling it Ponzi. Referencing Tulips. Calling all of us fools.
Those people aren't so vocal anymore. I've noticed how its fairly quiet in the comments area now.
I feel like calling those people out and asking if they'd like my foot in their mouth as well, or if their own is sufficent?
Those people pissed me off big time. I want to rub their faces in it....
This time around hopefully they are feeling deep regret for not buying any Bitcoin. They would still be smart to jump in. They will still probably make fun of it though. they should have jumped in days ago. still holding here, but i'm not advising anyone to buy now, no way (no one i care about, anyway, lol) |
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Spaceman_Spiff
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October 22, 2013, 04:44:48 PM |
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Referencing Tulips.
I hate it when they mention the tulips. Makes em feel so smug and smart, while it requires no critical thinking whatsoever. |
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BitChick
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October 22, 2013, 04:47:02 PM |
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Referencing Tulips.
I hate it when they mention the tulips. Makes em feel so smug and smart, while it requires no critical thinking whatsoever. I like tulips. I will plant a bunch in my yard because I have plenty of money to do so thanks to Bitcoin.  I agree. It gets so old to hear the same thing over and over. Hopefully this time they come up with something new at least. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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BitChick
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October 22, 2013, 04:49:22 PM |
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I always love the idiots who comment on BTC articles on the various news sites. Talking trash. Calling it Ponzi. Referencing Tulips. Calling all of us fools.
Those people aren't so vocal anymore. I've noticed how its fairly quiet in the comments area now.
I feel like calling those people out and asking if they'd like my foot in their mouth as well, or if their own is sufficent?
Those people pissed me off big time. I want to rub their faces in it....
This time around hopefully they are feeling deep regret for not buying any Bitcoin. They would still be smart to jump in. They will still probably make fun of it though. they should have jumped in days ago. still holding here, but i'm not advising anyone to buy now, no way (no one i care about, anyway, lol) I don't know. I actually told a friend about Bitcoin this week that I had not mentioned it to. I think it has shown great resilience after the SR situation and it is now on the upswing. I just tell them that the price is rising and that it could crash at any point but that it will most likely bounce back up and go even higher! If we are still early adopters (which I think is proven that we still are) it is a great time to buy Bitcoin, even at $200! |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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Tirapon
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October 22, 2013, 04:49:55 PM |
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I like tulips. I will plant a bunch in my yard because I have plenty of money to do so thanks to Bitcoin. Amazing! Please someobody start a business selling tulips for BTC |
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bitcoin carpenter
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October 22, 2013, 04:50:40 PM |
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I have money waiting for the next drop out, or for the next long term plateau....
although the chinese growth may make me regret me decision in the coming weeks.
from what I can see this rally is being pulled along by chinese speculation, and why shouldnt it. If bitcoins are left to flourish in china it will fix a lot of the regulatory woes of a market that could conceivably pull bitcoins up to the 10000 dollar mark.
of course if the chinese decide its not in there interest.....
ill have my money waiting
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If your not actively using the technology behind your crypto investment,
IT IS A SCAM!!!!
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Spaceman_Spiff
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October 22, 2013, 04:53:04 PM |
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Referencing Tulips.
I hate it when they mention the tulips. Makes em feel so smug and smart, while it requires no critical thinking whatsoever. I like tulips. I will plant a bunch in my yard because I have plenty of money to do so thanks to Bitcoin. I agree. It gets so old to hear the same thing over and over. Hopefully this time they come up with something new at least. I don't know, they 'll have to get creative: "beanie babies", "monopoly money", "somebody buy my own version of bitcoin for 3 million dollars?", "bitcon", "shitcoin" and "buttcoin" are already taken. Guess we'll find out soon enough |
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