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GeniuSxBoY (OP)
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February 14, 2012, 06:30:13 AM |
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 What do you think? |
Be humble!
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 14, 2012, 06:38:36 AM |
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What do you think? what do you mean? are you giving up on bitcoin? |
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Edward50
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February 14, 2012, 06:42:35 AM |
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Agreed.
This is what I expect to happen. I am base this on my past experiences.
We broke the $5.00 barrier, the next psychological level will be in the $4's.
It will linger in the High 4's, maybe even reach up into the 5's again, then we will slowly push to mid 4's, low 4's and then into the 3's. This could all happen very fast. Remember it spiked up from $2 fast, it will go down just as fast.
I think $2 bitcoins will surely be in our future.
Just a matter of time before the people pushing the price down get ready for another sell attack.
One thing I have learned from bitcoins and I have been saying this for a while now is no matter how much you think bitcoins reached bottom and will not go lower, it has always gone lower and will go lower.
Probably the grand strategy of rinse and repeat, and using bid walls. Many suckers out there to rob their money thinking that bitcoins price is going to the moon. Just think of all the optimism when we spiked up from $2.00, many of those people are probably still long. Their loss will be the manipulators gain.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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bittenbob
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February 14, 2012, 06:45:25 AM |
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I wonder how many people are prematurely (or early) liquidating their long positions from lower prices. The interest charges on the longs in the unrealized swap groups do not count unless you liquidate after the 16th. In other words you are not actually being charged interest if you wait a couple more days and don't get caught up in the panic.
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GeniuSxBoY (OP)
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February 14, 2012, 06:45:54 AM |
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The international banking and media mafia controls all.
Bitcoin is no longer a secret and they are quickly cutting off.
They are also closing in on all "piracy" sites.
Freedom on the Internet is soon to be a story to tell the kids.
Freedom in real life is soon to be a story to tell the kids.
OWNED.
I don't see bitcoin bouncing back from the lastest string of bad news. (Tradehill, bitscalper, paxum)
All we got left is Mt.Gox.
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Be humble!
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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February 14, 2012, 06:48:38 AM |
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The actual amount of bitcoin trading is a small percentage, yet it changes the market cap by tens of millions of dollars. I pay little attention to mtgox prices except to buy MOAR BITCOIN.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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GeniuSxBoY (OP)
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February 14, 2012, 06:50:13 AM |
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There's always the people that are willing to go down with the ship.
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Be humble!
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cbeast
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Let's talk governance, lipstick, and pigs.
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February 14, 2012, 07:00:01 AM |
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Even if mtgox price goes to $1 there will still be a massive Bitcoin Network and development. Trading will fluctuate at this low level until a billion dollar niche market is filled by some bitcoin entrepreneur. I wish I was a Genius Boy so I could write software that integrates bitcoin for nano transactions.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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bitcon
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Activity: 2212
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February 14, 2012, 07:04:43 AM |
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The international banking and media mafia controls all.
Bitcoin is no longer a secret and they are quickly cutting off.
They are also closing in on all "piracy" sites.
Freedom on the Internet is soon to be a story to tell the kids.
Freedom in real life is soon to be a story to tell the kids.
OWNED.
I don't see bitcoin bouncing back from the lastest string of bad news. (Tradehill, bitscalper, paxum)
All we got left is Mt.Gox.
i agree with this, but as long as we have TOR and Newsgroups, they can't control everything. Hackers will always come up with new techniques. Bitcoin really needs to have quite a few more reliable and honest exchanges and retailers accepting the currency for it to have a fighting chance. |
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Jonathan Ryan Owens
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Sr. Member
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Activity: 392
Merit: 252
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February 14, 2012, 07:05:03 AM |
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The international banking and media mafia controls all.
Bitcoin is no longer a secret and they are quickly cutting off. Who are "they" ? They are also closing in on all "piracy" sites.
Freedom on the Internet is soon to be a story to tell the kids.
Freedom in real life is soon to be a story to tell the kids.
OWNED.
?
I don't see bitcoin bouncing back from the lastest string of bad news. (Tradehill, bitscalper, paxum)
All we got left is Mt.Gox.
1. Tradehill is seeking MSB partners in the US. They have to comply with US law. 2. Bitscalper: Even bringing Bitscalper up as some sort of counterpart to Tradehill or Paxum is laughable. It's been a ponzi from day 1. Everyone here who's got two braincells to rub together *knows this*. 3. Paxum is heavily linked in to the CC industry. They are a visa/mastercard shop. So, what is your point? I'm lost. |
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StewartJ
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February 14, 2012, 07:33:29 AM |
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Mt Gox is a centralized bitcoin exchange that also happens to own the Bitcoin Forum. Way too much control, the anti-thesis of what Bitcoins are suppose to be about. This is why we need a peer-to-peer crypto-currency exchange: https://bitcointalk.org/index.php?topic=62879.0 |
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GeniuSxBoY (OP)
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February 14, 2012, 07:37:05 AM |
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Be humble!
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bb113
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February 14, 2012, 07:43:02 AM |
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The manipulation has been here and evident to all since at least last summer. Check the poll I made a few weeks ago ( https://bitcointalk.org/index.php?topic=61151.0), there are many people on this forum who say they are playing bitcoin speculation with $1k or more. Look at at the stats from the poll, account for the noise inherent to forum polls, and figure a way to guess how many people are trading on gox with how much. Then realize that how much confidence you place in this method is almost completely subjective. The wall at 5.60 didn't get taken down, it was removed and the price followed. This has been status qou, if you don't realize there is a hierarchy of "manipulators" with 1k, 10k, 100k, 1M by now you haven't been around very long or haven't been paying attention. If all the centralized exchanges get taken down it won't be a big deal in the long run unless people get locked out of their money*. Everyone should realize the exchanges are the weak point. What I want to know is the Mt Gox/Bitcoinica contingency plans for this scenario. That is the biggest unknown right now, and perhaps they shouldn't publish it. I bet the people with alot of money in there already have something set up. *Please correct me on this if someone has fundamental doubts regarding a decentralized exchange. |
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StewartJ
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February 14, 2012, 07:44:08 AM |
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Even if mtgox price goes to $1 there will still be a massive Bitcoin Network and development. Trading will fluctuate at this low level until a billion dollar niche market is filled by some bitcoin entrepreneur. I wish I was a Genius Boy so I could write software that integrates bitcoin for nano transactions.
You have to think some big techie firm or corporate behemoth is looking in on us, and thinking of buying into crypto-currency while its still cheap. That's the smart play. |
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farfiman
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Merit: 1001
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February 14, 2012, 07:51:20 AM |
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Mostly all true... sadly... |
"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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farfiman
Legendary
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Activity: 1449
Merit: 1001
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February 14, 2012, 07:57:24 AM |
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How many coins are "on the market" being bought and sold?
This relatively small amount is not the true price of bitcoin
There are 8M+ more coins out there and plenty of development going
on .
I have never sold even 1 bitcoin.
I have used some coins.
speculators....
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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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GeniuSxBoY (OP)
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February 14, 2012, 08:00:52 AM |
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For those of you that haven't seen his last episode after being fired for telling the truth, here it is: http://youtu.be/q3wATmc93Lc |
Be humble!
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legitnick
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February 14, 2012, 08:13:18 AM |
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better luck next time  |
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Herodes
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February 14, 2012, 08:28:44 AM |
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Interesting to see how this sub forum most of the time over reacts to events.  Be it positive or negative. Tradehill stopped trading, there's others that will fill their place. Nothing fundamental changed. Take it easy folks, no reason to panic. |
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bb113
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February 14, 2012, 08:31:55 AM |
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This reminds me of "The Network" |
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