wobber (OP)
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Activity: 1064
Merit: 1001
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November 07, 2014, 09:17:12 PM |
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So now, officially, no uber-bull can counterargument that even if price is higher than 1,3,6,8 months ago, overall BTC is doing great.
No, it's not doing great. It's actually doing very badly. Lots of people lost money with it and lots of bad publicity was cast over Bitcoin (deep web use, FBI's arrests, miner scandals).
PS> Don't sell because of bearish posts also. You will just push the price lower.
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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dropt
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Activity: 1512
Merit: 1000
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November 07, 2014, 09:17:47 PM |
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Pretty sure IDGAF.  |
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podyx
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Activity: 2338
Merit: 1035
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November 07, 2014, 09:18:59 PM |
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wobber (OP)
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Activity: 1064
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November 07, 2014, 09:19:21 PM |
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Why? How can anyone be here (Speculation) and don't care about the price?
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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podyx
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November 07, 2014, 09:20:40 PM |
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Why? How can anyone be here (Speculation) and don't care about the price?
Some folks are here to make small paper, some are here to catch the big fish. I'm in the latter category |
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wobber (OP)
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Activity: 1064
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November 07, 2014, 09:22:28 PM |
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Why? How can anyone be here (Speculation) and don't care about the price?
Some folks are here to make small paper, some are here to catch the big fish. I'm in the latter category Oh, the speculator in it's purest form. I wish you luck but there's not many big fish left. |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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podyx
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Activity: 2338
Merit: 1035
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November 07, 2014, 09:23:07 PM |
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Why? How can anyone be here (Speculation) and don't care about the price?
Some folks are here to make small paper, some are here to catch the big fish. I'm in the latter category Oh, the speculator in it's purest for. I wish you luck but there's not many big fish left.   |
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PenAndPaper
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November 07, 2014, 09:29:17 PM |
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So now, officially, no uber-bull can counterargument that even if price is higher than 1,3,6,8 months ago, overall BTC is doing great.
Bitcoin is doing great because the ecosystem grows (big time)... It looks like you are around long enough to know that the price has little to do with bitcoin (the technology). Or maybe you have just bought the account... |
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Tzupy
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November 07, 2014, 09:39:14 PM |
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... I wish you luck but there's not many big fish left.
Not fish, whales are mammals. And they may dump hard... |
Sometimes, if it looks too bullish, it's actually bearish
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Ibian
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Activity: 2268
Merit: 1278
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November 07, 2014, 10:21:50 PM |
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I'm banking on another half year of low prices. Next couple months income will go to a two month vacation, then back to buying coins when I get back.
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Look inside yourself, and you will see that you are the bubble.
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pa
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November 08, 2014, 02:59:27 AM |
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How much would you have now if you had bought $1 of bitcoin on each day the price was lower than 12 months earlier?
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batmanbad
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November 08, 2014, 03:30:29 AM |
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Exactly what I was saying boys, exactly. You all thought Bitcoin was guaranteed to go up long-term. You are wrong. Bitcoin was never guaranteed to go up. Who knows, this could be the end of Bitcoin.
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TinaK
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November 08, 2014, 01:10:57 PM |
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Everyone know that the current price lower than the same period last year. But even if prices are low, there are still many people are making money ( losing is more, I admit)
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poncom
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November 08, 2014, 06:00:24 PM |
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There never was any guarantee it would go up, but now is a much better time to buy than when it was $1200. Before each previous bubble people said it was finished and could never go any higher.
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Chef Ramsay
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Activity: 1568
Merit: 1001
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November 08, 2014, 06:25:42 PM |
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Despair is a crazy drug! Can't blame people for not being able to take the medicine from the last overdose and rationally moving on while keeping all market conditions under advisement.
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Nagle
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Activity: 1204
Merit: 1000
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November 08, 2014, 06:26:54 PM |
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A year ago, we had the start of the China-driven bubble. China has exchange controls; it's hard to get money out of China.
For a few months, Bitcoins were a safe, easy, legal, online way for people in China to get money out of yuan and into dollars and euros.
Then the People's Bank of China cracked down on Bitcoins. The bubble popped. It took a while to run down, and now it's over.
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poncom
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November 08, 2014, 06:33:26 PM |
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A year ago, we had the start of the China-driven bubble. China has exchange controls; it's hard to get money out of China.
For a few months, Bitcoins were a safe, easy, legal, online way for people in China to get money out of yuan and into dollars and euros.
Then the People's Bank of China cracked down on Bitcoins. The bubble popped. It took a while to run down, and now it's over.
How come some really big bitcoin farms are in China? How can the owners sell their bitcoins? |
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inca
Legendary
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Activity: 1176
Merit: 1000
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November 08, 2014, 06:34:29 PM |
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A year ago, we had the start of the China-driven bubble. China has exchange controls; it's hard to get money out of China.
For a few months, Bitcoins were a safe, easy, legal, online way for people in China to get money out of yuan and into dollars and euros.
Then the People's Bank of China cracked down on Bitcoins. The bubble popped. It took a while to run down, and now it's over.
Are you as sure as you were in 2011? |
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darkangel11
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Activity: 2338
Merit: 1345
Defend Bitcoin and its PoW: bitcoincleanup.com
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November 09, 2014, 01:12:30 AM |
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A year ago, we had the start of the China-driven bubble. China has exchange controls; it's hard to get money out of China.
For a few months, Bitcoins were a safe, easy, legal, online way for people in China to get money out of yuan and into dollars and euros.
Then the People's Bank of China cracked down on Bitcoins. The bubble popped. It took a while to run down, and now it's over.
How come some really big bitcoin farms are in China? How can the owners sell their bitcoins? Not all want to buy Yuan. If I were a miner in China I'd move bitcoins to a foreign exchange and turn into USD or GBP or Euro. |
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dropt
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Activity: 1512
Merit: 1000
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November 09, 2014, 02:24:37 AM |
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Not all want to buy Yuan. If I were a miner in China I'd move bitcoins to a foreign exchange and turn into USD or GBP or Euro.
Why? You're making the assumption that they're loaded with Yuan. I live in Canada, why would I want Euros? If I want to buy a sweet house on the lake a slick BMW to get there, I need CAD, not Euro. What's the benefit of being Chinese, in China, and having a bunch of USD when your local economy runs on the Yuan? |
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