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Author Topic: Bye-bye, bitcoin? The crypto-currency's price agonies intensify  (Read 1247 times)
CryptoCurrencyInc.com (OP)
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October 08, 2014, 06:12:26 AM
 #1

Bye-bye, bitcoin? The crypto-currency's price agonies intensify
http://www.latimes.com/business/hiltzik/la-fi-mh-byebye-bitcoin-the-cryptocurrencys-price-agonies-intensify-20141006-column.html

                                                                               
                 
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October 08, 2014, 06:16:36 AM
 #2

This is interesting article.

What is your opinion on this.
Mine is hope just hope. But they are right about 2 type of users of btc and that all converting to cash that is bad price drop cuz of it.



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October 08, 2014, 06:18:58 AM
 #3

This is why price is down more and more people are converting btc to real cash was it dollar or euro or some other.

They dont realize if they stop selling price is going up. Or maybe they try to draw there investment out or al least some of it.

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October 08, 2014, 06:53:12 AM
 #4

"no one in the bitcoin community can adequate explain the price action"

Learning grammar from bitcointalk.org, I see.  Cheesy

Also, I think it would be funny to compare this article with their previous Bitcoin article, you know, when they said it was about to collapse completely and talked about it in the past tense.
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October 08, 2014, 07:07:32 AM
 #5

"no one in the bitcoin community can adequate explain the price action"

I can.
I am very sorry, but it is difficult for me to explain it (for free) in English to everyone.
Some thoughts are here: https://bitcointalk.org/index.php?topic=805827.0
Now you should use your brains to go forward.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.#
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October 08, 2014, 01:19:04 PM
 #6

"no one in the bitcoin community can adequate explain the price action"

Learning grammar from bitcointalk.org, I see.  Cheesy

Also, I think it would be funny to compare this article with their previous Bitcoin article, you know, when they said it was about to collapse completely and talked about it in the past tense.

Bitcointalk.org has been a good learning ground for me.
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October 08, 2014, 04:12:56 PM
 #7

Bitcoin is here for the long term. The fundamentals are solid.

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October 08, 2014, 04:21:09 PM
 #8

This type of threads/news always come up when BTC is down and they always disappear slowly when BTC is raising again.

Bitcoin is not a bubble, it's the pin!
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October 08, 2014, 04:21:41 PM
 #9

BTC going up, same thing all over again  Cheesy

...loteo...
DIGITAL ERA LOTTERY


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October 08, 2014, 04:28:41 PM
 #10

BTC going up, same thing all over again  Cheesy

Dead Cat Bounce
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October 08, 2014, 04:52:10 PM
 #11

Bitcoin will rise now .. CoinBase/BTC-E price manipulation fraud is coming to an end. They sabotaged the price now they are buying.

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October 08, 2014, 04:56:11 PM
 #12

Quote
The idea is far from comforting that bitcoins have sustained a major drop in value without an explanation that everyone can agree on.

To be fair, I don't recall there being consensus on the reason for the major rise in value last year either.

Quote
... Federal Reserve economist Francois Velde has described as a currency "based on an extremely complex code understood by only a few...without accountability, arbitration or recourse."

Are you sure he was talking about Bitcoin?  Sounds like AML regulations to me.
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