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Author Topic: Reasons to HODL!  (Read 7676 times)
username18333
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October 13, 2014, 02:30:41 AM
 #81

What's the network effect of USD?  Think any crypto can overcome that?

The network effect of USD is shrinking and slowly being replaced by bilateral currency agreement with China RMB.

Not at all. Tons of people outside of the US are using the USD as a store of value because its relatively stable compared to whatever their country has.

Yes even China, Brazil. India Russia and South Africa. But what wil happen when suddenly all of them dump it?
They probably will not dump the dollar anytime soon. The reason for this is because there is no viable alternative to the dollar, also many of these countries do not have a stable economy and would experience large swings in prices if they abandoned the dollar.
GE coins are a perfectly viable alternative: the empire would merely need to swap-out those states' USD for GEC.
I don't think that GE coins are a real altcoin. GE has no reason to make their own crypto currency as running one would cost them money when they can simply issue stock to use as currency
See this. Roll Eyes
Wow, I didn't think you were serious. I guess people are always coming up with ways to try to make a few bitcoin with a new altcoin
(Why does no one believe the GE to be a real thing? [Haven't they heard of "grass-roots" politics‽ Huh])

Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
BTCmoons
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October 13, 2014, 03:30:16 AM
 #82

What's the network effect of USD?  Think any crypto can overcome that?

The network effect of USD is shrinking and slowly being replaced by bilateral currency agreement with China RMB.

Not at all. Tons of people outside of the US are using the USD as a store of value because its relatively stable compared to whatever their country has.

Yes even China, Brazil. India Russia and South Africa. But what wil happen when suddenly all of them dump it?
They probably will not dump the dollar anytime soon. The reason for this is because there is no viable alternative to the dollar, also many of these countries do not have a stable economy and would experience large swings in prices if they abandoned the dollar.
GE coins are a perfectly viable alternative: the empire would merely need to swap-out those states' USD for GEC.
I don't think that GE coins are a real altcoin. GE has no reason to make their own crypto currency as running one would cost them money when they can simply issue stock to use as currency
See this. Roll Eyes
Wow, I didn't think you were serious. I guess people are always coming up with ways to try to make a few bitcoin with a new altcoin
(Why does no one believe the GE to be a real thing? [Haven't they heard of "grass-roots" politics‽ Huh])
It is a knock off of General Electric. People will assume that the company GE made the coin even though it was made by someone very different from GE.
username18333
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October 13, 2014, 03:35:36 AM
 #83

What's the network effect of USD?  Think any crypto can overcome that?

The network effect of USD is shrinking and slowly being replaced by bilateral currency agreement with China RMB.

Not at all. Tons of people outside of the US are using the USD as a store of value because its relatively stable compared to whatever their country has.

Yes even China, Brazil. India Russia and South Africa. But what wil happen when suddenly all of them dump it?
They probably will not dump the dollar anytime soon. The reason for this is because there is no viable alternative to the dollar, also many of these countries do not have a stable economy and would experience large swings in prices if they abandoned the dollar.
GE coins are a perfectly viable alternative: the empire would merely need to swap-out those states' USD for GEC.
I don't think that GE coins are a real altcoin. GE has no reason to make their own crypto currency as running one would cost them money when they can simply issue stock to use as currency
See this. Roll Eyes
Wow, I didn't think you were serious. I guess people are always coming up with ways to try to make a few bitcoin with a new altcoin
(Why does no one believe the GE to be a real thing? [Haven't they heard of "grass-roots" politics‽ Huh])
It is a knock off of General Electric. People will assume that the company GE made the coin even though it was made by someone very different from GE.
There, "GE" is short for "Great Empire" (as in, Great Empire of Earth).

Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
abrahamlitcoin
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October 13, 2014, 02:17:19 PM
 #84

Patient will pay off big time for those who believe in bitcoin.

Until when?

Until the next bitcoin boom

SunBin
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October 13, 2014, 03:54:39 PM
 #85

How many user here holding since January and still around?
bitsalame (OP)
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October 13, 2014, 11:54:35 PM
 #86

me
touhonoob
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October 13, 2014, 11:59:48 PM
 #87

me
Will the price rise to 10K in 2015  Huh
SomethingElse
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October 14, 2014, 07:23:31 AM
 #88

I think that OP is right that Bitcoin has a lot going for it.

I especially like that weak or sloppy business are burning up.

VOD is right though. As far as a tech goes, it's pretty awesome but has a few serious issues to be examined.

NEM
bitsalame (OP)
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October 14, 2014, 02:02:51 PM
 #89

me
Will the price rise to 10K in 2015  Huh

Between 10K to 100K
Depends on how many industries it disrupts.
erre
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October 14, 2014, 02:07:46 PM
 #90

How many user here holding since January and still around?
Me too!
And I buyed @ 1000  Embarrassed

Roll a dice FOR FREE every hour, and win up to $200 in btc ---> CLICK HERE

Tip me using the LIGHTING NETWORK! -->https://tippin.me/@Erre96344121
touhonoob
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October 14, 2014, 07:40:07 PM
 #91

me
Will the price rise to 10K in 2015  Huh

Between 10K to 100K
Depends on how many industries it disrupts.

100K  Shocked
Unbelievable
It's 100x ROI
bitsalame (OP)
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October 14, 2014, 10:36:25 PM
 #92

me
Will the price rise to 10K in 2015  Huh

Between 10K to 100K
Depends on how many industries it disrupts.

100K  Shocked
Unbelievable
It's 100x ROI

Today's prices is 1000x return for many of us who have been since the beginning.
If prices jumps to 10K USD would be 10000x or higher.
CryptoCarmen
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October 15, 2014, 03:06:06 PM
 #93

How many user here holding since January and still around?

lol, January is not that far back. You wil find many here if you will ask how many hold from 2012.
scarsbergholden
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October 18, 2014, 11:55:15 AM
 #94

me
Will the price rise to 10K in 2015  Huh

Between 10K to 100K
Depends on how many industries it disrupts.

100K  Shocked
Unbelievable
It's 100x ROI

Today's prices is 1000x return for many of us who have been since the beginning.
If prices jumps to 10K USD would be 10000x or higher.
It is really not realistic to expect the price of bitcoin to continue to rise as it has in recent years. We are already starting to see the 'law of large numbers' take effect in restricting how far up the price of bitcoin can rise. I do think the price of bitcoin will rise in the future however I do not think we will see the huge increases that we have seen in the past

polynesia
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October 19, 2014, 12:55:47 AM
 #95

me
Will the price rise to 10K in 2015  Huh

Between 10K to 100K
Depends on how many industries it disrupts.

100K  Shocked
Unbelievable
It's 100x ROI

Today's prices is 1000x return for many of us who have been since the beginning.
If prices jumps to 10K USD would be 10000x or higher.
It is really not realistic to expect the price of bitcoin to continue to rise as it has in recent years. We are already starting to see the 'law of large numbers' take effect in restricting how far up the price of bitcoin can rise. I do think the price of bitcoin will rise in the future however I do not think we will see the huge increases that we have seen in the past


I guess it will take a lot longer for price increases to happen.
bitsalame (OP)
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October 19, 2014, 01:52:19 AM
 #96

me
Will the price rise to 10K in 2015  Huh

Between 10K to 100K
Depends on how many industries it disrupts.

100K  Shocked
Unbelievable
It's 100x ROI

Today's prices is 1000x return for many of us who have been since the beginning.
If prices jumps to 10K USD would be 10000x or higher.
It is really not realistic to expect the price of bitcoin to continue to rise as it has in recent years. We are already starting to see the 'law of large numbers' take effect in restricting how far up the price of bitcoin can rise. I do think the price of bitcoin will rise in the future however I do not think we will see the huge increases that we have seen in the past


I guess it will take a lot longer for price increases to happen.

Unless we have a china syndrome version 2, when India starts adopting bitcoins.
LiteCoinGuy
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October 19, 2014, 09:44:25 AM
 #97

HODL BUT CODL!

ElysianBaws
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October 19, 2014, 10:11:48 AM
 #98

K not ever selling my coins anyways  Smiley hold them tight.
bitsalame (OP)
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October 19, 2014, 06:59:57 PM
 #99

HODL BUT CODL!
codl?
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October 19, 2014, 09:00:32 PM
 #100

Hodling hard until it reach $10,000...

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