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Why don't we go lower? Because nobody needs btc
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Topic: Why don't we go lower? Because nobody needs btc (Read 902 times)
wobber
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Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:22:57 AM
#1
Exactly. Major exchanges halted bitcoin withdrawal. But price is not affected by some hard faith in the bitcoin protocol or hardening of the people that use it. Oh no... It is because nobody really want's to withdraw bitcoins, everybody wants to be able to pour in fiat, pour in bitcoins and SPECULATE.
Check what happened to Gox. 9+ month of inability to withdraw cash? If that was your bank you'd set it on fire and and pee on it just to show you're unable to fight the flames. And still, people used it nevertheless.
This is a solid proof that we're 90% based on speculation.
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
gizmoh
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Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:26:35 AM
#2
Quote from: wobber on February 12, 2014, 10:22:57 AM
This is a solid proof that we're
90%
based on speculation.
More like 95%-99% speculation via Hodling/Trading.
How Ripple Rips you:
"The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
Mythul
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Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:28:04 AM
#3
Why would I sell when clearly BTC is still in it's early years ?
It's like selling when Apple revealed the iPhone times 100.
wobber
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Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:29:01 AM
#4
Quote from: gizmoh on February 12, 2014, 10:26:35 AM
Quote from: wobber on February 12, 2014, 10:22:57 AM
This is a solid proof that we're
90%
based on speculation.
More like 95%-99% speculation via Hodling/Trading.
Which makes me wonder is there's a method to compute that ratio... I was just making an assumption with 90% but I gues you're right, 95-99%.
Anyway, death to bitcoin exchanges.
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Cyberlight
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Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:37:04 AM
#5
Please tell me about the gold price which is not largely based on speculation.
I don't understand what your point is.
HairyMaclairy
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Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:41:09 AM
#6
It is the opposite of speculation which had no ideological attachment to the underlying instrument.
It is a global group of hard core true believers. Seriously this place is like a cult sometimes. But that is also the reason we have gotten so far.
You are just pissed there is bad news and no one selling you cheap coins (cheaper than $600s anyway).
medUSA
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Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:42:25 AM
Last edit: February 12, 2014, 11:15:36 AM by medUSA
#7
The reason why it hasn't gone lower is simply because not a lot of people want to sell lower.
Everyone has their own reasons, but few would consider bitcoin being useful as factor.
GigaCoin
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Giga
Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:46:52 AM
#8
There is way way too much FUD. Everyone now thinks bitcoin will be worth 100USD or less.
Its not going to happen.
Get Free Litecoins here!
Invest in Bitcoin Mining
Invest in the Altcoin Market
HairyMaclairy
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Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:49:56 AM
#9
Quote from: GigaCoin on February 12, 2014, 10:46:52 AM
There is way way too much FUD. Everyone now thinks bitcoin will be worth 100USD or less.
Apparently the market thinks they are worth $680 right now.
Cyberlight
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Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:50:22 AM
#10
Quote from: medUSA on February 12, 2014, 10:42:25 AM
The reason why it hasn't gone lower is simply because not a lot of people want to sell lower.
Everyone has their own reasons, but little would consider bitcoin being useful as factor.
People who panic shotr now are stupid anyway, at the end of this year we see a significantly higher price.
bitcon
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Re: Why don't we go lower? Because nobody needs btc
February 12, 2014, 10:52:27 AM
#11
so nobody is using btc for online gambling, black/white market or services anymore? well i guess thats it, close up the forums, nice knowing y'all.
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