boumalo
Legendary
 Offline
Activity: 1890
Merit: 1018
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December 12, 2014, 11:54:34 AM |
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we just gotta hold until next bubble and fiat crisis then crypto will explode into mainstream
Yep. I foresee a mayor financial crisis, after that u would need to have bitcoins if u want to buy bread (or clams)  The USA has been in a bubble debt fuelled economy for at least 15 years, the dotcom bubble was followed by the real estate bubble and now we have the credit bubble or the Dollar bubble that will surely pop like all other bubbles. The unfunded liabilities and the level of debt and mal investment is very high, it will end up in hyper inflation or market crashes or even both. Bitcoin will be more clearly seen as a safe heaven in that environment since there are less third party risk, a controlled and planned inflation and superior services in terms of mean of exchange and store of value. Hold! |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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leen93
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December 12, 2014, 01:46:31 PM |
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we just gotta hold until next bubble and fiat crisis then crypto will explode into mainstream
Yep. I foresee a mayor financial crisis, after that u would need to have bitcoins if u want to buy bread (or clams) The USA has been in a bubble debt fuelled economy for at least 15 years, the dotcom bubble was followed by the real estate bubble and now we have the credit bubble or the Dollar bubble that will surely pop like all other bubbles. The unfunded liabilities and the level of debt and mal investment is very high, it will end up in hyper inflation or market crashes or even both. Bitcoin will be more clearly seen as a safe heaven in that environment since there are less third party risk, a controlled and planned inflation and superior services in terms of mean of exchange and store of value. Hold! yes, and what if they ban the bitcoin?  |
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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December 12, 2014, 05:31:34 PM |
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we just gotta hold until next bubble and fiat crisis then crypto will explode into mainstream
Yep. I foresee a mayor financial crisis, after that u would need to have bitcoins if u want to buy bread (or clams) The USA has been in a bubble debt fuelled economy for at least 15 years, the dotcom bubble was followed by the real estate bubble and now we have the credit bubble or the Dollar bubble that will surely pop like all other bubbles. The unfunded liabilities and the level of debt and mal investment is very high, it will end up in hyper inflation or market crashes or even both. Bitcoin will be more clearly seen as a safe heaven in that environment since there are less third party risk, a controlled and planned inflation and superior services in terms of mean of exchange and store of value. Hold! yes, and what if they ban the bitcoin? What if who bans bitcoin? The United States is starting to come out with all this guidance on tax implications of bitcoin...they are definitely not leaning towards banning bitcoin... |
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JimboToronto
Legendary
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Activity: 3990
Merit: 4457
You're never too old to think young.
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December 12, 2014, 05:44:51 PM |
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what if they ban the bitcoin?
Who and how? In case you hadn't noticed, Bitcoin is a global, decentralized, open-source, peer-to-peer protocol. The only way to enforce a "ban" would be to shut down the internet. |
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NotLambchop
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December 12, 2014, 05:58:02 PM |
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^
The same could be said of child pornography, and yet...
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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December 12, 2014, 10:55:43 PM |
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what if they ban the bitcoin?
Who and how? In case you hadn't noticed, Bitcoin is a global, decentralized, open-source, peer-to-peer protocol. The only way to enforce a "ban" would be to shut down the internet. Exactly. The best they can do is force ISP to filter out packets recognized as part of the bitcoin network, or they can do the filtering even on cross-national links. But then you only need to encrypt the packet content to avoid it (like some extensions of the torrent protocol already do). Then, they can attack ad-hoc busy nodes on the network, with legal or technical means, but this will only push the network toward more decentralization. They can of course talk bitcoin down for the average citizen to the point that he feel physical repulsion, using the media industry. But even this is becoming rapidly useless, as more and more people became immune to propaganda. Even shutting down the internet will not do it, as data packets can be transmitted over radio frequencies, using SMS, or even printed to paper and attached to carrier pigeons. So, yes, bitcoin can't technically be stopped. |
Fortune cannot take away what she has not given.
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bambou
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December 14, 2014, 03:55:01 PM |
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Non inultus premor
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bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
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December 14, 2014, 04:15:28 PM |
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lightfoot
Legendary
Offline
Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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December 14, 2014, 06:46:24 PM
Last edit: December 18, 2014, 12:02:10 AM by lightfoot |
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That girl?  HODL |
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vvv8
Member
Offline
Activity: 420
Merit: 10
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December 17, 2014, 04:37:56 PM |
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Hodllll
Hodlll
Hello HODL !!!!!!!!!!!!!!!
GOnna hodl me some BTC
Bye, Hodlll
In 4 my daily hodling
Remember, KEEP HODLING
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ChuckBuck
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December 17, 2014, 04:48:52 PM |
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Always a good reference thread to come back to, to see where it all started.  Gotta forever HODL, if you believe in the technology behind it. Volatility going to continue to be crazy with only 4 Billiion market cap. |
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erre
Legendary
Offline
Activity: 1666
Merit: 1205
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December 17, 2014, 08:58:14 PM |
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Still hodling till the start of this thread |
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arieq
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December 18, 2014, 10:10:59 PM |
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we just gotta hold until next bubble and fiat crisis then crypto will explode into mainstream
Yep. I foresee a mayor financial crisis, after that u would need to have bitcoins if u want to buy bread (or clams) The USA has been in a bubble debt fuelled economy for at least 15 years, the dotcom bubble was followed by the real estate bubble and now we have the credit bubble or the Dollar bubble that will surely pop like all other bubbles. The unfunded liabilities and the level of debt and mal investment is very high, it will end up in hyper inflation or market crashes or even both. Bitcoin will be more clearly seen as a safe heaven in that environment since there are less third party risk, a controlled and planned inflation and superior services in terms of mean of exchange and store of value. Hold! I think your vision is totally legit... also if you're not checkin the price really often that's a good strategy |
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bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
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December 18, 2014, 10:14:40 PM |
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Buying here
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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December 18, 2014, 11:42:05 PM |
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Buying here
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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lightfoot
Legendary
Offline
Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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December 19, 2014, 12:31:43 AM |
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Mining here. Will probably spend a bitcoin on stuff for the business before the end of year. But no super cool makerbot for me; I must hodl.
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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December 19, 2014, 12:45:13 AM |
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Buying here
You are legendary. You really think this is fair price?? |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
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December 19, 2014, 12:49:40 AM |
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Buying here
You are legendary. You really think this is fair price?? Yeah it's a steal |
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Dilla
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December 19, 2014, 01:35:30 AM |
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I think it will continue to go down until the year is over. No problem selling at a loss for tax purposes. Where it will go down to? who knows, I'm thinking $250-$300. If it goes below that, it could get ugly. After the new year though, I expect an increase by Q2 2015, then a same ride down, up, mostly down, until the end of 2015. Then get ready for the halving.  |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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December 19, 2014, 01:44:12 AM |
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I think it will continue to go down until the year is over. No problem selling at a loss for tax purposes. Where it will go down to? who knows, I'm thinking $250-$300. If it goes below that, it could get ugly. After the new year though, I expect an increase by Q2 2015, then a same ride down, up, mostly down, until the end of 2015. Then get ready for the halving. I'm waiting for it to break 200. I have more time than I have money. But good luck to the lot of you |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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