cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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February 09, 2013, 11:39:18 AM |
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Darn it. I'm trying to sleep.
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oakpacific
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February 09, 2013, 11:44:14 AM |
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What the fuck bitcoin, you don't want to give me some rest during the Spring festival?
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oakpacific
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February 09, 2013, 11:45:00 AM |
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Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move. The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish. I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week. Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think. That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily.
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Savior
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February 09, 2013, 11:52:04 AM |
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Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move. The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish. I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week. Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think. That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily. Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday
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Liquid
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February 09, 2013, 11:52:15 AM |
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Bitcoin will show the world what hard money really is.
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420
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February 09, 2013, 11:57:49 AM |
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Let it be known; at this point in time:
Last price:$23.45013 High:$23.40000 Low:$22.24401 Volume:37482 BTC Weighted Avg:$22.69523
Blocks 220341 Total BTC 10.759M Difficulty 3275465 Estimated 3387167 in 1419 blks Network total 23.014 Thash/s Blocks/hour 5.89 / 611 s
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 09, 2013, 12:51:56 PM |
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This is going to turn into another disaster.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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World
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February 09, 2013, 12:53:17 PM |
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btw,February 9th, 2011 first time Bitcoin / USD parity amazing
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Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
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hazek
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Activity: 1078
Merit: 1003
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February 09, 2013, 01:04:14 PM |
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Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move. The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish. I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week. Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think. That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily. Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday Hahahah that's funny!
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My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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molecular
Donator
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Activity: 2772
Merit: 1019
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February 09, 2013, 01:05:10 PM |
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This is going to turn into another disaster.
for whom?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
Donator
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Activity: 2772
Merit: 1019
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February 09, 2013, 01:05:55 PM |
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Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday Hahahah that's funny! And true.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 09, 2013, 01:08:20 PM |
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This is going to turn into another disaster.
for whom? For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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S3052
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Activity: 2100
Merit: 1000
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February 09, 2013, 01:08:30 PM |
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Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday Hahahah that's funny! And true. in downtrends, it is not wise to catch the falling knife in uptrends like we are in now, it is not wise to try and stop the launched rocket
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molecular
Donator
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Activity: 2772
Merit: 1019
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February 09, 2013, 01:13:04 PM |
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Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday Hahahah that's funny! And true. in downtrends, it is not wise to catch the falling knife in uptrends like we are in now, it is not wise to try and stop the launched rocketSo true. And the hardest thing about trading is: doing nothing.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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proudhon
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Activity: 2198
Merit: 1311
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February 09, 2013, 01:19:30 PM |
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Very close. I sound like this, though.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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oakpacific
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February 09, 2013, 01:25:07 PM |
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This is going to turn into another disaster.
for whom? For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years. OK but why should you care since you have proclaimed its death more than a year ago?
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molecular
Donator
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Activity: 2772
Merit: 1019
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February 09, 2013, 01:25:40 PM |
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This is going to turn into another disaster.
for whom? For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years. I don't agree. Prepare for everyone and their grandmothers buying bitcoin. I have argued in other threads that this ride is substantial. There will be setbacks in the price for sure (I think -30% is possible after the hype cools down, maybe even -50% (something like $32 -> $75 -> $40)), but not in adoption. Bitcoin is useful and it's being discovered by more and more people who are not cryptonerds / weedheads. Most of bitcoins value still stems from it's function as a store of wealth and I think it will remain so until bitcoin has reached "world payment system" status (quite a ways to go). There's nothing wrong with that. But go ahead, proudhon, try to catch that rocket
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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February 09, 2013, 01:30:26 PM |
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Very close. I sound like this, though. Haha, I love Eeyore ! He is such a nice character despite his gloominess.
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 09, 2013, 01:43:35 PM |
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This is going to turn into another disaster.
for whom? For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years. I don't agree. Prepare for everyone and their grandmothers buying bitcoin. I have argued in other threads that this ride is substantial. There will be setbacks in the price for sure (I think -30% is possible after the hype cools down, maybe even -50% (something like $32 -> $75 -> $40)), but not in adoption. Bitcoin is useful and it's being discovered by more and more people who are not cryptonerds / weedheads. Most of bitcoins value still stems from it's function as a store of wealth and I think it will remain so until bitcoin has reached "world payment system" status (quite a ways to go). There's nothing wrong with that. But go ahead, proudhon, try to catch that rocket That's an encouraging thought, I'll give you that. It just seems to me that bitcoin is too tempting a market for biggish market participants not to thrash around, and I just worry that all that thrashing around will wear people out. But, maybe I've lost sight of bitcoin's appeal.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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