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Author Topic: Markets crash once again  (Read 988 times)
JackH
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August 10, 2011, 01:59:03 PM
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Monday was a bloodbath. Tuesday was recovery. Looking today, stocks open 2.5% lower than yesterday, which basically erases all gains made yesterday. IF this continues for another 7 days the dollar and the good ol USA is toast.

Gold and Silver on the other hand soars to extreme heights as everyone seeks safe havens. WHEN my god do they finally realize Bitcoin is a safe haven too!!!

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
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Shinobi
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August 10, 2011, 02:18:25 PM
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Funny that you declare the Dollar to be "toast" after a few volatile swings, but dismiss the same behavior as it has happened to Bitcoin. Be objective and maybe people will listen to what you have to say!

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August 10, 2011, 02:24:09 PM
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The bitcoin stock market is crashing too?  Shocked
JackH
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August 10, 2011, 02:29:55 PM
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Funny that you declare the Dollar to be "toast" after a few volatile swings, but dismiss the same behavior as it has happened to Bitcoin. Be objective and maybe people will listen to what you have to say!

The dollar is backed up by millions of people and transactions in any form and disguise you can imagine. Bitcoin is hardly 0.00000001% of the dollar economy. When dollar swings it matters. When Bitcoin swings its insignificant.

Monday 5 trillion dollars were wiped of from the balance sheet of the stock markets, in ONE day.

The value of Bitcoin is not even 100 million dollar. I call 5 trillion toast. There is your objectiveness.

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
fastandfurious
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August 10, 2011, 02:35:27 PM
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Monday was a bloodbath. Tuesday was recovery. Looking today, stocks open 2.5% lower than yesterday, which basically erases all gains made yesterday. IF this continues for another 7 days the dollar and the good ol USA is toast.

Gold and Silver on the other hand soars to extreme heights as everyone seeks safe havens. WHEN my god do they finally realize Bitcoin is a safe haven too!!!

Want to hear something interesting, everyone is investing in US Treasury bonds right now as a safe haven, that is equal to investing and believing in the USD. US Treasury haven't been this high in price EVER (All time high).
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August 10, 2011, 02:39:01 PM
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Bigger swings mean more potential earnings  Grin
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