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NotLambchop
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January 06, 2015, 08:10:23 PM |
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If you read #2 in my post above, you'll see that I have already taken my original fiat investment out, so I am currently even, with a few digital tokens to boot!
Only Bitcoiners think that breaking even = making money. Breaking even is not making money. So now you know. |
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freebit13
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January 06, 2015, 08:23:23 PM |
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If you read #2 in my post above, you'll see that I have already taken my original fiat investment out, so I am currently even, with a few digital tokens to boot!
Only Bitcoiners think that breaking even = making money. Breaking even is not making money. So now you know. I think you should go back a re-read the previous posts because nowhere did I say that I was "making money", that was you putting words in my mouth with a silly reference to semantics. My point after that was that I have not lost any money, as you were trying to assert, I am even at the moment. You seem to love building strawman arguments to distract from the real truths... |
Decentralize EVERYTHING!
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freebit13
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January 06, 2015, 08:33:28 PM |
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This thread is getting way off course. LOL
Sorry about that, but I'm not going to have some ignorant troll twist my words and then try to call me a liar  |
Decentralize EVERYTHING!
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NotLambchop
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January 06, 2015, 08:41:22 PM |
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I suppose "doing so well" can be interpreted "I've spent shitloads of time and money on Bitcoin & got to pay huge electricity bills (which I'm not even bothering to include in my backstory) in return. My apologies  ...how do you explain the first few years? It was worth only a fraction of a cent and now it's over $260.
... ... I've invested in Bitcoin because I was betting that someone (such as yourself) will buy my coin from me @ a higher price. So did everyone else who has made money on Bitcoin. There you go with your assumptions again... I can't help that you got into bitcoin for the wrong reasons, that is not the reason I got into bitcoin and that's probably why I'm doing so well  |
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freebit13
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January 06, 2015, 09:14:27 PM |
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Decentralize EVERYTHING!
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traderman (OP)
Legendary
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Activity: 1260
Merit: 1001
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January 06, 2015, 09:15:06 PM |
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I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
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NotLambchop
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January 06, 2015, 09:29:15 PM |
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I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
Fiat is just a handy yardstick. If we assume that USD buys 1.3% more now than it will a year from now, and BTC/USD price stays the same, it means that BTC will also buy 1.3% less a year from now. |
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blade87
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January 06, 2015, 09:36:37 PM |
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If you read #2 in my post above, you'll see that I have already taken my original fiat investment out, so I am currently even, with a few digital tokens to boot!
Only Bitcoiners think that breaking even = making money. Breaking even is not making money. So now you know. Even (in fiat value) in a down market is effectively making money as your purchasing power goes up. Depends on the angle you take. |
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sobitcoin
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January 06, 2015, 10:03:11 PM |
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I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
Coffee or vape pens. bad idea coffee holds its value well. Grapes. Grapes and vape pens.  |
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dinofelis
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January 07, 2015, 05:28:52 AM |
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I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
A Big Mac. |
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sandykho47
Sr. Member
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Activity: 252
Merit: 251
Knowledge its everything
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January 07, 2015, 08:26:21 AM |
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I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
How about cold |
Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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traderman (OP)
Legendary
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Activity: 1260
Merit: 1001
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January 07, 2015, 02:20:51 PM |
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Cold?? what do you mean? I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
How about cold |
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vm_mpn
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January 07, 2015, 09:57:41 PM |
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Cold?? what do you mean? I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
How about cold He probably meant Gold... However, I would not be surprised if Gold and other precious metals were pegged against Bitcoin at the end, and not the way around. |
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abercrombie
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Activity: 1159
Merit: 1001
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March 19, 2015, 03:25:26 AM |
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concur.
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gravitate
Legendary
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Activity: 1372
Merit: 1000
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March 20, 2015, 08:02:30 AM |
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well it wemnt up but now going down again
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To peel or not to peel.
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MF Doom
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March 20, 2015, 04:31:19 PM |
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its because new users havent come abord as fast as new retailers have. word is getting out, just verrry slowly
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RodeoX
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The revolution will be monetized!
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March 20, 2015, 05:20:30 PM |
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I don't know how you can arrive at this conclusion? It flies in the face of basic math and the history anyone can see. I began using bitcoin when they were $0.70 or so. Since then they have gone up thousands and thousands of % points and have been adopted by millions. Clearly and mathematically provably..., greater demand leads to higher prices.
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traderman (OP)
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Activity: 1260
Merit: 1001
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March 20, 2015, 06:24:55 PM |
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Greater demand?? so why aren't we at $1000 per coin? Or even $10,000 if there is such great demand? All the major retailers are converting their bitcoin to usd immediately through BitPay and the likes. Even governments are considering only accepting Bitcoin through third party payment processors. I don't know how you can arrive at this conclusion? It flies in the face of basic math and the history anyone can see. I began using bitcoin when they were $0.70 or so. Since then they have gone up thousands and thousands of % points and have been adopted by millions. Clearly and mathematically provably..., greater demand leads to higher prices.
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alani123
Legendary
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Activity: 2408
Merit: 1436
Leading Crypto Sports Betting & Casino Platform
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March 20, 2015, 06:27:32 PM |
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I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
How about cold Assuming that you mean Gold, I don't consider this as a great idea. The way FIAT is handled allows some certain flexibility. Can you imagine how long it would take for orders to clear if bitcoin was valued according to a XBT/GOLD rate? |
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