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Author Topic: Black Monday??  (Read 1509 times)
Mjbmonetarymetals
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August 08, 2011, 12:25:10 AM
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Is there going to be a major world wide Market crash on Monday ? Could that drive money back into bitcoin ?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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bb
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August 08, 2011, 12:41:47 AM
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Maybe. No.
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August 08, 2011, 12:43:20 AM
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Japan has been open for 45 minutes and is up. So , no so far no Black Monday.

http://www.tse.or.jp/english/

wumpus
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August 08, 2011, 12:43:48 AM
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Is there going to be a major world wide Market crash on Monday ? Could that drive money back into bitcoin ?
My crystal ball just malfunctioned.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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August 08, 2011, 12:51:59 AM
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Is there going to be a major world wide Market crash on Monday ? Could that drive money back into bitcoin ?
My crystal ball just malfunctioned.

My crystal ball says you never had a crystal ball.
shotgun
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August 08, 2011, 01:00:17 AM
 #6

um. no, there is not. move along, nothing to see in this thread.

<luke-jr> Catholics do not believe in freedom of religion.
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August 08, 2011, 01:07:07 AM
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LOL BTC ain't gold! Why would the economic situation help our cause?

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August 08, 2011, 01:07:18 AM
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Japan has been open for 45 minutes and is up. So , no so far no Black Monday.

http://www.tse.or.jp/english/

Asia now down.
Shinobi
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August 08, 2011, 02:12:45 AM
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LOL BTC ain't gold! Why would the economic situation help our cause?

The loons here think that others are as crazy as they are to view BTC as an investment vehicle.

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Tasty Champa
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August 08, 2011, 02:14:48 AM
 #10

I'll buy at 2USD.
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August 08, 2011, 02:16:49 AM
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Japan has been open for 45 minutes and is up. So , no so far no Black Monday.

http://www.tse.or.jp/english/

Asia now down.

Yes and US Futures are open and are also down.

BitcoinStars.com
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August 08, 2011, 02:24:44 AM
 #12

Selloff all week would seem standard
hmblm1245
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August 08, 2011, 02:40:01 AM
 #13

Is black Monday referring to black Friday (the day after thanksgiving)? That would mean we will all be profitable and not in the red, or black Monday as in death and just a continuation in the decline in price.
Bitcoin_Silver_Supply
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August 08, 2011, 02:45:19 AM
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LOL BTC ain't gold! Why would the economic situation help our cause?

It certainly isn't; however, in the case of a US dollar decline (or crash) BTC could become an attractive alternative means of exchange. That said, it is held back by the software/volatility/security issues that this forum has been beating to death over the last month.
westkybitcoins
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August 08, 2011, 05:08:37 AM
 #15

I'll buy at 2USD.

Who wouldn't? This selloff is an excellent opportunity to acquire more coins.

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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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