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Author Topic: On this day last year...  (Read 1825 times)
Lauda
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February 26, 2014, 09:08:37 PM
 #21

Forget about the $30 per btc. You won't see that again.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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February 26, 2014, 09:11:05 PM
 #22

Seems like it was a long time ago... That's a nice annual growth rate ^^
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February 27, 2014, 12:01:01 AM
 #23


Next year this time Bitcoin could just as easily be at $30 as at $3000.

Nobody on this message board, I don't care if they are Warren Buffett or Jimmy Buffett, knows what the price of Bitcoin will be next year. Least of all people on this message board!

Warren Buffett knows better than Jimmy Buffett who will only know the price of a Corona next year
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February 27, 2014, 12:10:11 AM
 #24


Next year this time Bitcoin could just as easily be at $30 as at $3000.

Nobody on this message board, I don't care if they are Warren Buffett or Jimmy Buffett, knows what the price of Bitcoin will be next year. Least of all people on this message board!

+1 for polarisation using two well-known Buffetts.

Yeah, it's all speculation. The trouble is that Bitcoin wealth distribution is following a Zipfian path, so few people control a massive chunk of the current minted Bitcoin c. 12.45 million coins at the time of writing. They can literally control the trade price, assuming the current state of affairs. They could maintain scarcity, or dump hard.

Irrespective of Bitcoin's $ value, Bitcoin as a protocol is awesome!

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February 27, 2014, 12:24:48 PM
 #25

Someone with $1B can know the price won't be $30 any more.  Roll Eyes

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February 27, 2014, 01:01:00 PM
 #26

On this day last year i hadn't heard of Bitcoin. This day i have read online articles, a physical newspaper article (yep, actually held it in my hands) and talked to people about Bitcoin.

But when i do talk to people about Bitcoin, i only get one of two different responses - (1) Huh, what is Bitcoin; or (2) oh Bitcoin, it's too late to get into bitcoin.

I don't like either of those two responses that are out there amongst the regular Joes  Sad

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February 27, 2014, 09:55:12 PM
 #27

On this day last year i hadn't heard of Bitcoin. This day i have read online articles, a physical newspaper article (yep, actually held it in my hands) and talked to people about Bitcoin.

But when i do talk to people about Bitcoin, i only get one of two different responses - (1) Huh, what is Bitcoin; or (2) oh Bitcoin, it's too late to get into bitcoin.

I don't like either of those two responses that are out there amongst the regular Joes  Sad


It's never too late to get into Bitcoin.

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March 03, 2014, 04:30:17 AM
 #28

On this day last year i hadn't heard of Bitcoin. This day i have read online articles, a physical newspaper article (yep, actually held it in my hands) and talked to people about Bitcoin.

But when i do talk to people about Bitcoin, i only get one of two different responses - (1) Huh, what is Bitcoin; or (2) oh Bitcoin, it's too late to get into bitcoin.

I don't like either of those two responses that are out there amongst the regular Joes  Sad


It's never too late to get into Bitcoin.

Yeah, it's never late but you need to catch the right time to get into Bitcoin, like if you want to invest ...
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