cbeast
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Let's talk governance, lipstick, and pigs.
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October 28, 2014, 02:50:23 PM |
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If this pattern is any guide, there is about 9-12 months to go before the next leg up begins.
Considering the block reward halves soon after that, it's an obvious guess. I thought it was scheduled in ~21 months? Yeah, probably so. I would ask what patterns you are seeing, but then I would also have to ask what drugs you are on. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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devphp
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October 28, 2014, 02:51:28 PM |
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Yeah, probably so. I would ask what patterns you are seeing, but then I would also have to ask what drugs you are on.
I don't do drugs and don't recommend anyone to  |
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JimboToronto
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You're never too old to think young.
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October 28, 2014, 03:10:24 PM |
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Yeah, probably so. I would ask what patterns you are seeing, but then I would also have to ask what drugs you are on.
I don't do drugs and don't recommend anyone to Bitcoin is a drug. Some people get high on it, some get addicted to it and some hate it irrationally. Some simply don't understand what all the fuss is about. _________ The trouble with the OP's chart is that it doesn't include the biggest bubble, the one from June 2011. The recovery from that took a year and a half. Any time in 2012 was a great tome to buy. It didn't matter if you paid $5 or $10, just as it won't matter if you paid $300 or $700 when the price bubbles again. |
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Raystonn
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October 28, 2014, 04:40:11 PM |
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It didn't matter if you paid $5 or $10, just as it won't matter if you paid $300 or $700 when the price bubbles again.
If you were going to buy 1000 Bitcoin, then a $5 price fluctuation wouldn't matter much. But if you were going to buy $10,000 worth of Bitcoin, then that $5 price fluctuation means the difference between having 1000 Bitcoin and 2000 Bitcoin. I think you'd agree that it does matter. |
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cbeast
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Let's talk governance, lipstick, and pigs.
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October 28, 2014, 04:45:55 PM |
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It didn't matter if you paid $5 or $10, just as it won't matter if you paid $300 or $700 when the price bubbles again.
If you were going to buy 1000 Bitcoin, then a $5 price fluctuation wouldn't matter much. But if you were going to buy $10,000 worth of Bitcoin, then that $5 price fluctuation means the difference between having 1000 Bitcoin and 2000 Bitcoin. I think you'd agree that it does matter. Only if you are a greedy person. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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sgbett
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October 29, 2014, 12:39:03 PM |
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Keep in mind that every previous bubble was created by Gox bots.
absolutely no human involvement at all... none... for sure... 110% goxbots. |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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azguard
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Crypto-News.net: News from Crypto World
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October 31, 2014, 06:36:05 AM |
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My felling was right something is gonna happen.
Only what?
I dont think that if price jump will stay for long more like for few days or something.
Any speculations on this. Price maybe.
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ThomasCrowne
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★☆★ 777Coin - The Exciting Bitco
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October 31, 2014, 06:51:41 AM |
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My felling was right something is gonna happen.
Only what?
I dont think that if price jump will stay for long more like for few days or something.
Any speculations on this. Price maybe.
My guess, we see a nice slow steady decline from the nice increase we saw today. Make no mistake people, the Bears are still running this ship and they are wanting to see a pre-gox bitcoin price of $100 before this little rally is through. Personally I'm hoping for a rally back to previous gold level's or beyond but I really don't think it's in the cards for bitcoin...at least for a couple of more years that is. Assuming it hasn't been completely snatched up by a couple of uber-rich families by then. |
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cbeast
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Let's talk governance, lipstick, and pigs.
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October 31, 2014, 07:01:23 AM |
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Mt Gox built all those mining rigs and drove up the hashrate. That's my theory.  |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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gr8n8
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October 31, 2014, 07:31:22 AM |
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i believe there is actually a 3rd almost identical bubble at the start of the graph which cant be seen without zooming in where it went up to about 32 dollars and back down to 2
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findftp
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Delusional crypto obsessionist
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October 31, 2014, 07:49:27 AM |
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Exactly when people notice a pattern, is when the pattern changes.
Could this be related to quantum theory? When an observer is manipulating the outcome of the experiment just by looking at it? Look up double slit experiment, fascinating stuff. |
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azguard
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Crypto-News.net: News from Crypto World
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October 31, 2014, 09:33:46 AM |
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Mt Gox built all those mining rigs and drove up the hashrate. That's my theory. I support you theory to many times they create this. For what reason to buy cheap and then create pumping to take money for BTC bought cheap. To many fishy things are in here. So all be careful. |
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mmortal03
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October 31, 2014, 10:20:47 PM |
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JimboToronto posted this back in February: Maybe this will help the noobs to understand:  |
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BootstrapCoinDev
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November 01, 2014, 02:39:11 PM |
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JimboToronto posted this back in February: Maybe this will help the noobs to understand: Looking at this i just need an Uber for Bitcoin delivery to my office |
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bajlox
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November 04, 2014, 09:14:38 AM |
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Yes this is gonna happen again in same pattern.
ONly 1 question remains when.
Next year or when halving occur in 2016.
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findftp
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Activity: 1022
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Delusional crypto obsessionist
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November 04, 2014, 09:24:18 AM |
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Yes this is gonna happen again in same pattern.
ONly 1 question remains when.
Next year or when halving occur in 2016.
Yesterday I came to the conclusion that it is probably very closely related to the next halving. Although this is a foreseeable event, it will have some impact. The only question is 'how much'. |
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Altcoin Agent
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November 04, 2014, 09:37:56 AM |
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Acid makes you see patterns/connections that you would never normally notice. Has anyone tried to analyse the bitcoin charts under a heavy dose of LSD?  I'd be interested to review the scientific output of such an experiment. I'm analysing the chart now two hours ago I took two tabs of acid. 2014 tastes more like applesauce then 2013, so far. I will try it naked now. 777778777777 ! YES !!! NO !! maybe What ? letters ? |
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