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Author Topic: ****$10****  (Read 6170 times)
evoorhees
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August 02, 2012, 08:25:57 PM
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BAM, $10 bitches!
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1512980700
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jwzguy
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August 02, 2012, 08:28:44 PM
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 Smiley
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Licking my boob since 1970


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August 02, 2012, 08:32:02 PM
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BAM, $10 bitches!

It started climbing after Bitcoinica shut down - is that a coincidence?

(Not trying to start anything - serious question - I'm all for higher values)

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epetroel
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August 02, 2012, 08:40:50 PM
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BAM, $10 bitches!

It started climbing after Bitcoinica shut down - is that a coincidence?

(Not trying to start anything - serious question - I'm all for higher values)

I'd say quite possibly yes.

With bitcoinica, if you thought bitcoins were going to go up, you could buy them (leveraged if you wanted to).  If you thought Bitcoin was a giant ponzi and you wanted to short them, you could do that too.

Without bitcoinica, if you think bitcoins are going up, you can still buy them.  But if you think they are going down, you now have no way to short.  Of course you can sell what you have, but that eliminates a whole swath of people who want to short and don't have any bitcoins.
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August 02, 2012, 08:50:01 PM
 #5

****$11****
yochdog
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August 02, 2012, 08:51:44 PM
 #6

****$11****

holy fuck

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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August 02, 2012, 08:53:48 PM
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Might be time to take out that 5.5% bank loan and stop shorting BTC yoch.
Disclaimer: not that it's any of my business.
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August 02, 2012, 08:55:37 PM
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My thoughts exactly. I'm more than a little concerned about the ramifications.  Shocked

Still around.
01BTC10
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August 02, 2012, 09:02:29 PM
 #9

BTCoom!!!
kiba
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August 02, 2012, 09:12:21 PM
 #10

Must be a bubble!

paulie_w
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August 02, 2012, 09:18:47 PM
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do we know _ANYTHING_ about why?
kiba
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August 02, 2012, 09:19:23 PM
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do we know _ANYTHING_ about why?

Probably not?

brunozisterer
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August 02, 2012, 09:20:13 PM
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Market Cap >100,000,000 USD

bitcoinstarter
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August 02, 2012, 09:33:04 PM
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oh hell ya!  Grin

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yochdog
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August 02, 2012, 09:37:01 PM
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But if you think they are going down, you now have no way to short.

Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short.

Seriously, I LOLed about this......

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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August 02, 2012, 09:56:15 PM
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But if you think they are going down, you now have no way to short.

Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short.

Seriously, I LOLed about this......

That's just one part of short... you wait til it goes below 10 and buy back the coins.. and u keep the difference.. that's the short...
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August 02, 2012, 09:57:11 PM
 #17

Market Cap >100,000,000 USD
You should use the American trillion instead.  Tongue

So, how many pre-ordered the BFL ASIC SC at ⊅6? If they waited they could've bought 2.   Cheesy

For Bitcoin to be a true global currency the value of BTC needs always to rise.
If BTC became the global currency & money supply = 100 Trillion then ⊅1.00 BTC = $4,761,904.76.
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unclemantis
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(:firstbits => "1mantis")


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August 02, 2012, 10:02:18 PM
 #18

11 12 13!!!

I sold a few at 9.89. I am keeping hold of my bitcoins!

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August 02, 2012, 10:04:11 PM
 #19

up uP UP !!!1  Grin

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paulie_w
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August 02, 2012, 10:10:42 PM
 #20

never selling.
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