Beef Supreme (OP)
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Put your trust in MATH.
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April 10, 2014, 01:02:18 PM |
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Why do I love it you ask? Because I can BUY BUY BUY and then BUY some more.
Somewhere on Wall Street, and in China, rich folks have lost their ASS on Bitcoin. They bought in at 800, had millions of fiat to spare, and have lost half their money. They don't believe in Bitcoin, they believe in their ability to turn a profit. Now they are gonna SELL SELL SELL. And me? I am laughing my ass off.
Many folks that don't have loads of fiat to fling around at whatever, have been waiting for a chance to buy some Bitcoin, and when the price drops you will see a big influx of new users, and a maturing ecosystem for them to utilize.
Bitcoin, the PEOPLE's CHOICE.
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CRServers
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April 10, 2014, 01:10:17 PM |
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Go for it! I'm buying too  Regards, |
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Come-from-Beyond
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Newbie
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April 10, 2014, 01:17:34 PM |
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Aye, buy as much as u can. At some point u'll reach my sell order...
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scione
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April 10, 2014, 01:20:13 PM |
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The hackers are finally selling the coins. Once Bitcoin hits bottom, they'll buy back and recycle the money.
And I don't see why anyone would want to buy right now since it's still going down. Unless you just want to try to hype up something because you are losing money.
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LiteCoinGuy
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In Satoshi I Trust
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April 10, 2014, 01:27:11 PM |
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i dont think that "rich folks" lost faith, i guess normal people lost it. the rich guys dont throw money out of the window, they know that this could be something big.
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hilariousandco
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Join the world-leading crypto sportsbook NOW!
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April 10, 2014, 01:31:33 PM |
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Though it's not going to be very good for you if it keeps dropping. Maybe people will be laughing at you in a few months' time for buying at 400.
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Beef Supreme (OP)
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Put your trust in MATH.
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April 10, 2014, 01:36:34 PM |
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Who said I am buying at 400? You keep selling, and eventually my buy price will be reached.
The big money will be back as soon as it hits 800 again. Hopefully they will lose their ASS again. Rinse and repeat.
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hilariousandco
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April 10, 2014, 01:42:26 PM |
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Who said I am buying at 400? You keep selling, and eventually my buy price will be reached.
The big money will be back as soon as it hits 800 again. Hopefully they will lose their ASS again. Rinse and repeat.
Then whatever price you buy in at, or don't, since you'll probably wait too long and miss out. It sounds like you're the one who just wants to turn a profit. |
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Lauda
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Terminated.
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April 10, 2014, 01:44:58 PM |
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Though it's not going to be very good for you if it keeps dropping. Maybe people will be laughing at you in a few months' time for buying at 400.
That's highly unlikely. Where are the people who laughed at buyers when the price dropped to 60-70$ back in July/August last year? |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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bryant.coleman
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April 10, 2014, 01:46:59 PM |
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You might be happy because you are able to buy more. But in general, this can be extremely band news for Bitcoin. Do you think any shopkeeper will trust a currency which goes from $1,200 to $400 in a month's time?
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MarkusORT
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April 10, 2014, 01:50:29 PM |
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i love it too!!!! i think itll go to 300$ and than at the end of the year back to 1000$ $$$ |
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Dafar
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dafar consulting
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April 10, 2014, 01:51:44 PM |
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Oh look another one of these topics
I don't care if you're the best investor of all time but you don't know how long this dip will continue and when it will end. It's too bad I bought in around $600-$800.... now the newbs who get into bitcoin now will profit much more than me.
I would buy more but I already put in more than I'm "willing to lose"
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bigdave
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April 10, 2014, 01:54:47 PM |
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I'm buying but not heavily. Waiting for the bottom to be reached (or what I think the right price point will be) and then I'll unload and stock up.
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hilariousandco
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April 10, 2014, 01:55:05 PM |
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Though it's not going to be very good for you if it keeps dropping. Maybe people will be laughing at you in a few months' time for buying at 400.
That's highly unlikely. Where are the people who laughed at buyers when the price dropped to 60-70$ back in July/August last year? Maybe, but there could always be a point where Bitcoin just plummets to new lows for whatever reason. You might be happy because you are able to buy more. But in general, this can be extremely band news for Bitcoin. Do you think any shopkeeper will trust a currency which goes from $1,200 to $400 in a month's time?
Exactly my point. If you believe in Bitcoin as a currency then the constant drops and fluctuations aren't very good at all and only scare most people away. |
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uhoh
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April 10, 2014, 01:56:48 PM |
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Oh look another one of these topics
I don't care if you're the best investor of all time but you don't know how long this dip will continue and when it will end. It's too bad I bought in around $600-$800.... now the newbs who get into bitcoin now will profit much more than me.
I would buy more but I already put in more than I'm "willing to lose"
Last year the same people were berating the people who bought in at $250... Those people potentially quintupled their investments over 12 months. Such... Short... Memories... |
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Beef Supreme (OP)
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Put your trust in MATH.
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April 10, 2014, 02:04:06 PM |
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Who said I am buying at 400? You keep selling, and eventually my buy price will be reached.
The big money will be back as soon as it hits 800 again. Hopefully they will lose their ASS again. Rinse and repeat.
Then whatever price you buy in at, or don't, since you'll probably wait too long and miss out. It sounds like you're the one who just wants to turn a profit. Unlike some people, I buy BTC for usage also. I wish I could use it everywhere. Paying for gas would be nice. Why you ask? Buying power my friend. Fiat is backed with the "good faith of a government" (yak yak), while Bitcoin is backed by the BLOCKCHAIN and a buttload of hashing power. |
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Catswold
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April 10, 2014, 02:04:44 PM |
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Teething problems, nothing more. I expect this roller-coaster ride on value to continue for a couple more years. Except for those of us here, the whole concept of an electronic currency is a frightening, new, futuristic concept. That means that governments will continue to struggle with it for some time. Expect changes in the IRS decisions and evolution of how all states address the topic. As for predictions, $200-300 is my guess. To ride this coaster, you've got to have a 5-10 year outlook. Eventually, prices will stabilize and BTC will evolve from what is now clearly a "commodity" into the currency it was intended to be. . . . Then again, I could be full of BS.  |
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romerun
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Bitcoin is new, makes sense to hodl.
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April 10, 2014, 02:19:09 PM |
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when sellers are done selling, we then have new solid blood of btc hodlers, and the next rally shall start
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YogoH
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April 10, 2014, 02:27:24 PM |
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Its funny cause bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money. These adoption bubbles are good shit.
Example: My buddy invested at 200 last april and sold after it burst to 80. I kept my bitcoin bought more. He was mad but eventually rebought and now is holding paper wallet to never sell.
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hilariousandco
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April 10, 2014, 02:27:35 PM |
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Who said I am buying at 400? You keep selling, and eventually my buy price will be reached.
The big money will be back as soon as it hits 800 again. Hopefully they will lose their ASS again. Rinse and repeat.
Then whatever price you buy in at, or don't, since you'll probably wait too long and miss out. It sounds like you're the one who just wants to turn a profit. Unlike some people, I buy BTC for usage also. I wish I could use it everywhere. Paying for gas would be nice. What does it matter what price you buy in at then? And we wont be able to spend it everywhere if shit like this keeps happening. I'd love to spend it too, but certainly not today or any time soon at the current price. |
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