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Author Topic: The Collapse of Bitcoin Price and Why You Shouldn't Care  (Read 4604 times)
Party Hard
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October 16, 2011, 09:13:48 PM
 #41

He is so desparate that he put up over a 30,000 bitcoin bid wall on mt. gox at the 4.45-4.50 range. This is his last efforts to protect a fall into the 3's.

So, how do you know it is 1 person putting in a bid wall? If it was 1 person wouldn't they just put all them at 1 price?

How do you know it isn't a lady? Or a robot?

Maybe I'm missing something, but most of this seems rantish and unsubstantiated.

Ladies ladies, one at a time.
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March 14, 2015, 05:50:08 PM
 #42

This thread is a marvelous lesson to those prophesizing the death of Bitcoin today.  This is from about 3 years 5 months ago, when price had dropped from $31.91 to $2.04.  The arguments sound very similar to those made today.

That $2.04 low would never be seen again.  Price hit $7.22 just 2.5 months later, $15.40 another 8.5 months after that, and $266 about 6 months after that.  When despair sets in, sit tight, hodl, and buy.
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March 14, 2015, 06:13:21 PM
 #43

Don't you think that anyone possessing 30k BTC would more likely have mined them early on?
Do you really think there is someone spent half a million USD to buy them?

That sounds even more ridiculous but don't let me interrupt you circle jerking  Tongue

30k * $285 = $8,500,000 USD   
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March 14, 2015, 06:21:09 PM
 #44

Tell that to Tim Draper

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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March 14, 2015, 06:27:16 PM
 #45

Tell that to Tim Draper

Tim Draper knows that bitcoin will be worth $10k in future. :-)
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March 14, 2015, 06:28:20 PM
 #46

He "knows", but I'd say it's more realistic than his other dream, the balkanization of California.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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March 14, 2015, 06:30:14 PM
 #47

Tell that to Tim Draper

Don't you think that anyone possessing 30k BTC would more likely have mined them early on?
Do you really think there is someone spent half a million USD to buy them?

That sounds even more ridiculous but don't let me interrupt you circle jerking  Tongue

30k * $285 = $8,500,000 USD  

EM should be rich. Instead he is still bashing away!
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March 14, 2015, 06:30:55 PM
 #48

He "knows", but I'd say it's more realistic than his other dream, the balkanization of California.

Like you 'knew' in 2011?
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March 14, 2015, 06:32:22 PM
 #49

He "knows", but I'd say it's more realistic than his other dream, the balkanization of California.

Like you 'knew' in 2011?

Did I post anything of the sort? But hell yea take your time and skim through my 7977 other posts. Grin

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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