porc (OP)
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December 18, 2013, 11:12:41 PM
Last edit: December 18, 2013, 11:52:49 PM by porc |
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Old mentality: I have got to buy, the price is going up. I will not sell at $1200, bitcoins will be worth millions.
New mentality: I have got to sell, the price is going down. Why would I hold, I might lose everything.
Old one: Look at these cheap coins ($550 vs $1200) BUY!
New one: Look at these expensive coins. Now they are $550, in 2010 they were only a few cents. SELL!
Old one: I am investing in disruptive technology!
New one: I have been scammed!
Lots of people have been burnt buying at 1200, and they want to get out. Many early adopters will try to cash in their fortunes.
Fear will replace greed. Reality will replace delusion.
Look out below.
Bitcoin below 10 dollars in 2014.
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kireinaha
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December 18, 2013, 11:16:13 PM |
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... A chilling vision of things to come.
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Night gathers, and now my bitcoinwisdom watch begins.
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T.Stuart
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December 18, 2013, 11:16:58 PM |
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Bitcoin below 10 dollars in 2014.
Bullshit. Or should I say "Porkies" |
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porc (OP)
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December 18, 2013, 11:27:40 PM |
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Old: bears post trite New: bulls post trite |
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mgio
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December 18, 2013, 11:31:34 PM |
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Wasn't this kind of the case with everyone who bought at above $200 back in April?
Just hodl and wait for the next bubble when Bitcoin will go to $5,000 or more.
I agree that bitcoin probably will go down in the short term. But it will eventually go back up. Especially if the Winklevoss ETF gets approved.
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porc (OP)
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December 18, 2013, 11:33:51 PM |
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Old: bears post trite New: bulls post trite Anyone pulling numbers out of their ass is posting trite. Old: any bear making price predictions is posting trite. New: any bull making price predictions is posting trite. Hint: I predict a meltdown, you predict a boom. Why is your post full of wisdom, while I am posting trite? My scenario is that bitcoin cant work, thus goes into single digits/cents. Your scenario (boom), cant be connected to a concrete price (or its much harder). |
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porc (OP)
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December 18, 2013, 11:39:18 PM |
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Old: bears post trite New: bulls post trite Anyone pulling numbers out of their ass is posting trite. Old: any bear making price predictions is posting trite. New: any bull making price predictions is posting trite. Hint: I predict a meltdown, you predict a boom. Why is your post full of wisdom, while I am posting trite? My scenario is that bitcoin cant work, thus goes into single digits/cents. Your scenario (boom), cant be connected to a concrete price (or its much harder). I'm not predicting a boom. I said disruptive and extremely volatile. I have no idea what is going to happen, but until something better replaces Bitcoin, I wouldn't bet against it. I'm certainly not going to pull numbers out of my ass and suggest a time frame during which we will see those numbers. Well and I am here to tell you that bitcoin cant work and thus WILL crash. 2014 is a conservative time frame (1 year), as the bubble has been blown up to enormous proportions already. We have already had enormous world wide media coverage. I dont see how you can reflate this bubble, thus I predict the crash to complete in 2014. |
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porc (OP)
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December 18, 2013, 11:43:18 PM |
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Well and I am here to tell you that bitcoin cant work and thus WILL crash.
Bitcoin has worked for what, four years now? What is going to stop it from working in the near future? I have explained my position in numerous threads. |
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CoinGeneral
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The General
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December 19, 2013, 12:07:45 AM |
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If it comes true that's going to be awesome, cause then I can scoop up all the cheap coins  |
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Hunterbunter
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December 19, 2013, 12:15:52 AM |
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There has never been a better time to maybe buy or sell bitcoins.
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young3dvard
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December 19, 2013, 12:20:28 AM |
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Fear will replace greed. Reality will replace delusion.
Look out below.
Bitcoin below 10 dollars in 2014.
Just your (and few more bears) wishfull thinking |
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the_sunship
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December 19, 2013, 12:25:40 AM |
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many are sitting on "free" coins since they have recouped their initial investment and then some on the way up. Doubtful they are going to get very fearful and sell all.
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jake23l
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December 19, 2013, 12:43:46 AM |
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I thought it was a decent post. Then I got to the last sentence. Then I thought, OP is retarded.
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Xer0
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December 19, 2013, 12:46:45 AM |
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Lots of people have been burnt buying at 1200 they only got burnt because they SODL'd and did not HODL |
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humanitee
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December 19, 2013, 12:47:06 AM |
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Like the OP, I too enjoy PCP!
Shadow people got the weakest hands.
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| Whitepaper
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Reddit
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Logik
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December 19, 2013, 12:48:37 AM |
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Well and I am here to tell you that bitcoin cant work and thus WILL crash. You haven't got the slightest clue what you're talking about. You do realise that Bitcoin is a technology, and not a financial market right? Bitcoin doesn't "crash". The exchange rate does and that's because it's a currency speculation market. Big whoop. You haters never come out with any technical reasons why Bitcoin won't work. You just postulate that the technology is doomed because some people trading currencies lost a lot of money on BTC trades. If I go long AUD/USD and lose heaps of money should I just tell you that Australia is doomed? |
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t1000
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December 19, 2013, 12:59:42 AM |
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Well and I am here to tell you that bitcoin cant work and thus WILL crash. You haven't got the slightest clue what you're talking about. You do realise that Bitcoin is a technology, and not a financial market right? Bitcoin doesn't "crash". The exchange rate does and that's because it's a currency speculation market. Big whoop. Ah but it could "crash". If there exists a bug in the block relay code that on processing a given block configuration somehow causes access to unallocated memory after relaying, the majority of the network would segfault. Not that this would ever happen, but it would be hilarious. |
Did you find my posts helpful? Did I say say something nice? Your generosity is much appreciate.
BTC: 1G7chBLoYqGfdyfkrox53yDn6sS65PgFYk
LTC: LiYeFdbv5oxin9S3Wmn4v84LuGZ9nsE4XZ
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porc (OP)
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Activity: 98
Merit: 10
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December 19, 2013, 01:52:49 AM |
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Well and I am here to tell you that bitcoin cant work and thus WILL crash. You haven't got the slightest clue what you're talking about. You do realise that Bitcoin is a technology, and not a financial market right? Bitcoin doesn't "crash". The exchange rate does and that's because it's a currency speculation market. Big whoop. You haters never come out with any technical reasons why Bitcoin won't work. You just postulate that the technology is doomed because some people trading currencies lost a lot of money on BTC trades. If I go long AUD/USD and lose heaps of money should I just tell you that Australia is doomed? I have explained it already (see my post history). |
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Cheena
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December 19, 2013, 04:07:55 AM |
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HODL !
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MatTheCat
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December 19, 2013, 04:21:20 AM |
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Hint: I predict a meltdown, you predict a boom. Why is your post full of wisdom, while I am posting trite? My scenario is that bitcoin cant work, thus goes into single digits/cents. Your scenario (boom), cant be connected to a concrete price (or its much harder).
Hollliday has been denying the crash all the way down from $1200, and attacking anyone who suggests the price may go down vigorously. That is why I have the idiot on ignore. |
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