marcotheminer (OP)
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┴puoʎǝq ʞool┴
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November 20, 2013, 12:59:58 AM
Last edit: November 20, 2013, 03:42:28 AM by marcotheminer |
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Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
Feeling generous? 12hYBWiPqfwdveGzpbRdGxeqnoMcNvGNSq
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DeathAndTaxes
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Gerald Davis
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November 20, 2013, 01:02:51 AM |
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Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
/ You didn't buy the hype that Bitcoin is "different this time" and stuff can keep going up 50% per day until it hits $1B USD did you? Long term bullish on Bitcoin but the price gains over the last week or so are just utterly unsustainable. Will Bitcoin hit $1K someday? I think so but even the exponential long term growth has been on the order of 0.5% per day not 100x that. |
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marcotheminer (OP)
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┴puoʎǝq ʞool┴
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November 20, 2013, 01:05:31 AM |
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Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
/ You didn't buy the hype that Bitcoin is "different this time" and stuff can keep going up 50% per day until it hits $1B USD did you? Long term bullish on Bitcoin but the price gains over the last week or so are just utterly unsustainable. Will Bitcoin hit $1K someday? I think so but even the exponential long term growth has been on the order of 0.5% per day not 100x that. I always thought bitcoin wasnt going to continue to rise rapidly. Too many people would be multi millionaires! As you said, unsustainable. |
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Damnsammit
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November 20, 2013, 01:08:22 AM |
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I just wish I knew of a good way to buy and sell during these times.
Always used Coinbase but that was a failure. I bought at $65 so it's not like I'm mad in the least, but I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me. I don't trust BTC-E or MtGox since I have heard horror stories out of both of them.
Guess I need to check this CampBX site out.
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BittBurger
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November 20, 2013, 01:35:53 AM |
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I was trying to sell at $850 yesterday and couldn't find anything that wanted to work for me.
 You couldn't sell on Coinbase? What happened? |
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crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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November 20, 2013, 01:39:12 AM |
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Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
Well, it's higher then like, well, last week. So it's not really a crash. More like it was unsustainable for the price to keep going like that. |
more or less retired.
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proudhon
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November 20, 2013, 01:40:07 AM |
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Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
Please see 2011, 2012, and earlier this year. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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N12
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November 20, 2013, 01:43:09 AM |
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Never forget.  |
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porcupine87
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November 20, 2013, 01:46:47 AM |
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Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
Well, it's higher then like, well, last week. So it's not really a crash. More like it was unsustainable for the price to keep going like that. You can't know. It could have gone to 2000$ and more and afterwards settle on ~1000$ for a long time. But it could have happend earlier, too. But the fact: 48 hours ago the all time high was 544$ at Gox. Now we are standing still above 600$. |
"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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proudhon
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November 20, 2013, 01:47:12 AM |
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Never forget. Oh god, take that away! |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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N12
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November 20, 2013, 01:49:36 AM |
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Six months of terror. It has happened before, it can happen again.
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porcupine87
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November 20, 2013, 01:52:12 AM |
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Six months of terror. It has happened before, it can happen again.
Not likely. What was Bitcoin in 2011? Was there a hearing in the senat, too? |
"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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N12
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November 20, 2013, 01:54:03 AM |
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Six months of terror. It has happened before, it can happen again.
Not likely. What was Bitcoin in 2011? Was there a hearing in the senat, too? To compensate for that, the price is a little higher now. But yes yes, it is completely different now, human psychology has changed etc. etc. |
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porcupine87
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November 20, 2013, 02:06:11 AM |
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Six months of terror. It has happened before, it can happen again.
Not likely. What was Bitcoin in 2011? Was there a hearing in the senat, too? To compensate for that, the price is a little higher now. But yes yes, it is completely different now, human psychology has changed etc. etc. hm you can just sell all your coins and rebuy when they reach the 1000$? It's your decision  Did you bring the same graphics 6month ago? |
"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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theonewhowaskazu
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November 20, 2013, 02:08:16 AM |
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I think we could be in for another 6 months of terror... but i doubt it'll be that steep. Probably bottom is about $266.
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seleme
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Duelbits.com
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November 20, 2013, 02:09:16 AM |
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Since the crash, the price has kept decreasing.
Otherwise, whats up guys?
it never felt below 500 so how it could struggle to kept above?? |
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porcupine87
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November 20, 2013, 02:12:23 AM |
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I think we could be in for another 6 months of terror... but i doubt it'll be that steep. Probably bottom is about $266.
No, 500$ is the new bottom (gox price). 266$ has no meaning. Look at the chart. http://bitcoinwisdom.com/markets/mtgox/btcusdBut it is possible to stay in the 600 +-100$ region for a while. |
"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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November 20, 2013, 02:58:38 AM |
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$250 much more likely bottom. It will take time. Months.
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ablewasiereisawelba
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November 20, 2013, 03:02:49 AM |
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I don't understand why people think this is going to last months. Do you really think every significant Chinese investor invested what they wanted in this one week period?
In 2011, Bitcoin was mentioned because of Silk Road, and then Silk Road left the news and it gradually faded away. Now, Bitcoin is huge. The buzz surrounding it will not go away.
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N12
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November 20, 2013, 03:03:12 AM |
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$250 much more likely bottom. It will take time. Months.
You know, I still can hardly believe you aren't actually a permabull as I thought you were. The buzz surrounding it will not go away.
You're a funny guy.  |
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