Stephen Gornick
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Activity: 2506
Merit: 1010
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December 29, 2011, 11:02:49 PM |
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The "price" can vary between exchanges, particularly when there is a volatile period and arbitrage hasn't brought prices to an equilibrium. Can you be a bit more specific on what would cause this "$2 price" event to occur?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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trogdorjw73 (OP)
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December 30, 2011, 12:45:32 AM |
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The "price" can vary between exchanges, particularly when there is a volatile period and arbitrage hasn't brought prices to an equilibrium. Can you be a bit more specific on what would cause this "$2 price" event to occur?
MtGox executing an order at or below $2.0000. |
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marhjan
Full Member
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Activity: 215
Merit: 105
Poorer than I ought to be
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December 30, 2011, 01:11:33 AM |
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October 22, 2012 - just some wild speculation
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Donations happily accepted @ 15qxNsc7pBiz5kXpAJykw4etzMbZitm2mk
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kjj
Legendary
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Activity: 1302
Merit: 1024
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December 30, 2011, 04:14:36 AM |
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Okay, I know a lot of you think we're probably never going back there, but consider this a contest that will take more luck/skill to win then something like "when will we drop to $4 again". Prize is 2.5BTC from me, and times are in UTC. Voting closes when we hit $3.50 or in one month, whichever comes first. If two people try to guess the same date, tie goes to the first poster, and yes, we're guessing at the *future* (so guessing Nov. 18 2011 gets you nothing). I will try to put in an updated comment when voting is closed. Let the guessing begin! My guess: I'm sticking with my June 27, 2012  I guess we should thank the_joint for making all of these contests read like a EULA with every possibility covered. I'll take tax day, April 15th, 2012. |
17Np17BSrpnHCZ2pgtiMNnhjnsWJ2TMqq8
I routinely ignore posters with paid advertising in their sigs. You should too.
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smickles
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December 30, 2011, 04:43:15 AM |
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Okay, I know a lot of you think we're probably never going back there, but consider this a contest that will take more luck/skill to win then something like "when will we drop to $4 again". Prize is 2.5BTC from me, and times are in UTC. Voting closes when we hit $3.50 or in one month, whichever comes first. If two people try to guess the same date, tie goes to the first poster, and yes, we're guessing at the *future* (so guessing Nov. 18 2011 gets you nothing). I will try to put in an updated comment when voting is closed. Let the guessing begin! My guess: I'm sticking with my June 27, 2012 I guess we should thank the_joint for making all of these contests read like a EULA with every possibility covered. I'll take tax day, April 15th, 2012. If it happened on that day, and this were a work of fiction. I'm sure there would be some clever literary device being used. |
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panerai
Member
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Activity: 84
Merit: 10
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December 30, 2011, 04:44:24 AM |
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remember remember the 5th of November
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gewure
Sr. Member
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Activity: 364
Merit: 250
[#][#][#]
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December 30, 2011, 11:15:17 AM |
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lol. if you all bet on february 2012, you all will be very nervous in february^^ i go with the herd: february the 17. of 2012  if not, than it will not in 2012 get down to $2 again at all^^ |
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Rino
Newbie
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Activity: 38
Merit: 0
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December 30, 2011, 11:56:48 AM |
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January 18th 2012
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Hawkix
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December 30, 2011, 12:06:48 PM |
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What do you mean by $2?
The new Dollar backed by gold, again? Well, then Bitcoin will reach that price on Jan 1st 2019, when new Gold Dollar will be established.
If you mean current US Dollar, then, the answer is, of course, never.
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cloon
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December 30, 2011, 04:07:46 PM |
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the us dollar will fail, the us federal reserve bank and the government wil make a new currency after superinflation of USD...
and bitcoin will explode by then.
(only guessing... so i think it will not touch 2 again.. if it will, it will be the 16. may 2012 :-)
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donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
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farfiman
Legendary
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Activity: 1449
Merit: 1001
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December 30, 2011, 05:28:12 PM |
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December 21 2012
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"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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RyNinDaCleM
Legendary
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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December 30, 2011, 07:07:42 PM |
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December 21 2012
Oh Noes!  But that's when the world is supposed to...NVM! |
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Luigi
Jr. Member
Offline
Activity: 39
Merit: 1
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December 30, 2011, 07:29:01 PM |
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2012-June-09
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Epoch
Legendary
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Activity: 922
Merit: 1003
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December 30, 2011, 10:08:26 PM |
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March 17, 2012
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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December 30, 2011, 10:17:45 PM |
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Never
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ineededausername
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December 30, 2011, 10:24:31 PM |
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Never
Why are we the only ones saying this... seriously. I can't believe people really think it'll go back to $2 after all that's happened. |
(BFL)^2 < 0
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RyNinDaCleM
Legendary
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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December 30, 2011, 10:33:47 PM |
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Never
Why are we the only ones saying this... seriously. I can't believe people really think it'll go back to $2 after all that's happened. Justin Case.  I doubt it will either. But, if it does, I hope it's on my guessed date! |
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FlipPro
Legendary
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Activity: 1764
Merit: 1015
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December 30, 2011, 10:38:44 PM |
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No.
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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December 30, 2011, 10:41:29 PM |
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Never
Why are we the only ones saying this... seriously. I can't believe people really think it'll go back to $2 after all that's happened. i truly think that Bitcoinica's short selling capabilities introduced in September caused an overshoot to the downside below the level of profitability for miners. we had a classic double bottom or triple bottom depending on how you read the charts. the strong rebound off $2 is telling you (or me at least) we will never go back there. |
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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December 30, 2011, 11:15:26 PM |
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Never
Why are we the only ones saying this... seriously. I can't believe people really think it'll go back to $2 after all that's happened. i truly think that Bitcoinica's short selling capabilities introduced in September caused an overshoot to the downside below the level of profitability for miners. we had a classic double bottom or triple bottom depending on how you read the charts. the strong rebound off $2 is telling you (or me at least) we will never go back there. This, and the fact that there weren't many bids. People didn't know when it would stop, so the $$$ in Gox just sat on the sidelines, which in turn allowed the price to fall farther. |
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