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Author Topic: Bitcoins Doomsday Defect Manual  (Read 977 times)
BITCOIN_BETTY (OP)
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July 14, 2014, 01:03:09 AM
 #1

Hey guys, I'm a new bitcoin fan. Need bit of advice before I buy, pls. Just wondering if I should worry about this  Smiley

https://sites.google.com/site/bitcoinsforeverybodyfoundation/bitcoins-doomsday-defect

Thanks
Chef Ramsay
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July 14, 2014, 01:10:42 AM
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Bitcoin isn't for the faint of heart that's for sure. Many of us have been through multiple swings in both directions but it seems bear hunting season is about to start so newcomers should better get out their battle axes if they hop on board. One either has a vision on what Bitcoin can become or they do not. More and more big money has gotten on board more so than ever before and you can use it in many more places than before. More exchanges are popping up and we're on the cusp of ETFs and more hedge funds arriving in the ecosystem, so more mega financial interests are showing interest. It's not like you're putting your money on a roulette wheel at the moment. Can't say I'm all in but mostly.
BITCOIN_BETTY (OP)
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July 14, 2014, 01:13:46 AM
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Bitcoin isn't for the faint of heart that's for sure. Many of us have been through multiple swings in both directions but it seems bear hunting season is about to start so newcomers should better get out their battle axes if they hop on board. One either has a vision on what Bitcoin can become or they do not. More and more big money has gotten on board more so than ever before and you can use it in many more places than before. More exchanges are popping up and we're on the cusp of ETFs and more hedge funds arriving in the ecosystem, so more mega financial interests are showing interest. It's not like you're putting your money on a roulette wheel at the moment. Can't say I'm all in but mostly.

Good advice, thx,B
karlb187
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July 14, 2014, 01:30:58 AM
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I'm in till the end baby!  Cool

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Bit_Happy
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July 14, 2014, 01:38:53 AM
 #5

Hey guys, I'm a new bitcoin fan. Need bit of advice before I buy, pls. Just wondering if I should worry about this  Smiley

https://sites.google.com/site/bitcoinsforeverybodyfoundation/bitcoins-doomsday-defect

Thanks

Total BS.
Bitcoin prices are set by supply and demand. If someone with a huge amount of coins "crashes" the market, then hungry buyers quickly drive the price back up....every time.

SpontaneousDream
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July 14, 2014, 01:56:53 AM
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Bitcoin isn't for the faint of heart that's for sure. Many of us have been through multiple swings in both directions but it seems bear hunting season is about to start so newcomers should better get out their battle axes if they hop on board. One either has a vision on what Bitcoin can become or they do not. More and more big money has gotten on board more so than ever before and you can use it in many more places than before. More exchanges are popping up and we're on the cusp of ETFs and more hedge funds arriving in the ecosystem, so more mega financial interests are showing interest. It's not like you're putting your money on a roulette wheel at the moment. Can't say I'm all in but mostly.

Good synopsis of the current situation. I feel the same.
hollowframe
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July 14, 2014, 03:18:22 AM
 #7

Hey guys, I'm a new bitcoin fan. Need bit of advice before I buy, pls. Just wondering if I should worry about this  Smiley

https://sites.google.com/site/bitcoinsforeverybodyfoundation/bitcoins-doomsday-defect

Thanks

Total BS.
Bitcoin prices are set by supply and demand. If someone with a huge amount of coins "crashes" the market, then hungry buyers quickly drive the price back up....every time.
Exactly, this is nothing more then FUD. When prices of any market crashes, buyers will step in to buy at lower prices, this is why after almost every crash the price almost always rebounds somewhat.
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