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Author Topic: Why is the exchange rate so boring now?  (Read 3762 times)
Cconvert2G36
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March 16, 2015, 05:47:32 AM
 #41

All I been saying guy's, is I can get more from a tesco clubcard, than btc.. dont hate me for the truth.. bitcoin is a private club now, for those with, end of.



And you expect us to take you seriously?



No, I'm only here to try and help.. maybe get it back on track..

You've known about btc since 2010, and you want it to give you the same benefits as a Tesco Club Card.

Forgive me if I'm floored.
brg444
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March 16, 2015, 05:47:46 AM
 #42

Bitcoin is supposed to take on the banks.. how many folks think this will happen? It cant, because those with aint parting with enough to be a threat to the banks..

So your problem with Bitcoin is people not giving away enough of them...

Of course if your of the socialist scum type this makes sense.

Meanwhile Bitcoin continues growing through organic its supply and demand, market-based system.

Maybe you should try dogecoin?

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
Decksperiment
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March 16, 2015, 05:51:46 AM
Last edit: March 16, 2015, 06:13:22 AM by Decksperiment
 #43

All I been saying guy's, is I can get more from a tesco clubcard, than btc.. dont hate me for the truth.. bitcoin is a private club now, for those with, end of.



And you expect us to take you seriously?



No, I'm only here to try and help.. maybe get it back on track..

You've known about btc since 2010, and you want it to give you the same benefits as a Tesco Club Card.

Forgive me if I'm floored.

You misread my post.. I GET MORE for my tesco points than trying to gain a decent amount of btc.. do you guys think I mean satoshi? haha.. for old user's like me, satoshi is NOT btc, that's like saying pennies are pounds..

lets say you take a job at a pound an hour.. the boss wants to move to satoshi instead of pound.. so you'll now get .00000100 per hour instead of 1.00, go figure.. I know, your all expert's, but I'M the layman Wink
Decksperiment
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March 16, 2015, 05:53:22 AM
Last edit: March 16, 2015, 06:05:22 AM by Decksperiment
 #44

Bitcoin is supposed to take on the banks.. how many folks think this will happen? It cant, because those with aint parting with enough to be a threat to the banks..

So your problem with Bitcoin is people not giving away enough of them...

Of course if your of the socialist scum type this makes sense.

Meanwhile Bitcoin continues growing through organic its supply and demand, market-based system.

Maybe you should try dogecoin?

The only thing organic about bitcoin is the fact it consumes more and more organic fuel in the form of dinosaur's..

I'm actually involved in around 10 different currencies.. I guess I'm looking for better options for getting paid, in particular, decent wages, that's not a sin, but I'm wanting that for all, not me.. if everyone else has more to share.. more.. we can then ALL share.. only then will the value go up as demand increases.. demand currently is not increasing, although miners demand everyday, but btc has no public spending power that's of any use to the mainstream.. and hence cannot be the threat to the banks, it was intended to be, or people assume.
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March 16, 2015, 06:05:57 AM
 #45

Bump-dump is not good for Bitcoin, it produces damages and will stop companies from accepting Bitcoin as transaction currency.

But stay stunned, Bitcoin might broke $300 again this week.
Decksperiment
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March 16, 2015, 06:08:14 AM
 #46

The only reason companies will dump btc, is because really, the public dont have any.. who's gonna buy using btc, apart form miners, or rich btc'er's?
brg444
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March 16, 2015, 06:12:35 AM
 #47

The only reason companies will dump btc, is because really, the public dont have any.. who's gonna buy using btc, apart form miners, or rich btc'er's?


I have read a few post's regarding how btc may be worth 1000 dollars one day..

Haha..

you didn't get it back in 2010, looks like you might never. maybe its just not for you?


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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March 16, 2015, 06:13:38 AM
 #48

People are crying now even when bitcoin price is somewhat stable? This is new. Firstly during the weekends we don't really observe much shifts of bitcoin price anyway, so that's quite normal for price to be stalled like that. It is morning in Europe and I see already small movements on bitcoin markets.


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Decksperiment
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March 16, 2015, 06:18:06 AM
 #49

The only reason companies will dump btc, is because really, the public dont have any.. who's gonna buy using btc, apart form miners, or rich btc'er's?


I have read a few post's regarding how btc may be worth 1000 dollars one day..

Haha..

you didn't get it back in 2010, looks like you might never. maybe its just not for you?



I did get it back then mate, as I'm sure the origional faucet knows.. I have only ever used 4 wallet address's, bitcointalk.org sql logs will show my first, third, and last, big difference.. it's not for me in it's current form, not enough btc floating as 'freely' as money does.. Wink
zcxvbs
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March 16, 2015, 06:18:26 AM
 #50

The only reason companies will dump btc, is because really, the public dont have any.. who's gonna buy using btc, apart form miners, or rich btc'er's?
Hmm...Company like Dell accepts Bitcoin,and yes, they always dump Bitcoin, what they want is dollars.

People invest Bitcoin, not buy using Bitcoin, why should buy Bitcoin to buy some that can be purchased with dollars?
Decksperiment
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March 16, 2015, 06:19:44 AM
 #51

The only reason companies will dump btc, is because really, the public dont have any.. who's gonna buy using btc, apart form miners, or rich btc'er's?
Hmm...Company like Dell accepts Bitcoin,and yes, they always dump Bitcoin, what they want is dollars.

People invest Bitcoin, not buy using Bitcoin, why should buy Bitcoin to buy some that can be purchased with dollars?

They'll dump it knowing how weak btc is when not shared as much as expected.. bitcoin is imploding in on itself, this is my prediction.

Check this user's post, techically he's saying the same thing I am, but much better.. his last sentence says it all..

https://bitcointalk.org/index.php?topic=978023.msg10787442#msg10787442

Personally, I still stick with gold Wink
EsaEzekiel
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March 16, 2015, 06:40:30 AM
 #52

they are sleeping now, time difference, you know.
 
wait to that strong after hours please  Cheesy
bitboy11
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March 16, 2015, 06:43:43 AM
 #53


The problem is, you need to offer more to those with NONE, ie, new user's.. all your doing just now is playing in a private club.

A club for vip only...

Bitcoiners need to offer more to spread it.. or they can keep eating themselve's into NOTHINGNESS..

If you've no btc, your not coming in.. Wink

(Unless you click 30 years of ad's just to get your first meal.)

I understand your point but...This is where I disagree!
I think that regular folks who start building or acquiring wealth in other fields will one day decide to join this exclusive "bitcoin club" for the elite few.
Decksperiment
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March 16, 2015, 06:51:10 AM
 #54


The problem is, you need to offer more to those with NONE, ie, new user's.. all your doing just now is playing in a private club.

A club for vip only...

Bitcoiners need to offer more to spread it.. or they can keep eating themselve's into NOTHINGNESS..

If you've no btc, your not coming in.. Wink

(Unless you click 30 years of ad's just to get your first meal.)

I understand your point but...This is where I disagree!
I think that regular folks who start building or acquiring wealth in other fields will one day decide to join this exclusive "bitcoin club" for the elite few.

Nah, they'll go to some outdoor party to hear me on the decks, and talk about how much CASH they made just cause I set up the equipment.. and how they got laid, after waving PAPER money in the air.. instant babe magnet..
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March 16, 2015, 06:53:29 AM
 #55

Imagine, chattin up some top tottie, and waving your iphone saying, look at my bitcoin..

She'll be like, suckin on something else.. to the side of you.. as I pat her head with a roll of 100 £100 note's..
bitboy11
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March 16, 2015, 06:58:04 AM
 #56

No, take this seriously: Bitcoin is supposed to take on the banks.. how many folks think this will happen? It cant, because those with aint parting with enough to be a threat to the banks.. meaning the actual point of bitcoin is null and void, atleast, until ya get the hint.. 

I think that Satoshi Nakamoto probably meant:
Those that get in early and acquire vast amounts of Bitcoin (20-1,000 BTC) will avoid the abuse by the banks.

The truth is:
The banks ain't goin nowhere!!! Wink
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March 16, 2015, 07:01:45 AM
 #57

That's for sure.. shame they started adding zero's after the decimal point, I mean, some site's are showing 12 decimal points, that's like instead of a quid at 1.00, whatever they're called would be 0.00000000100 - it costs more in calories just to click...

would you work for that? I dont think so..

bitcoin, in effect, thanks to the lower payout's, is actually worse than sterling.

For looking at 200 adverts I get a quid.

Satoshi comes no-where near that.
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March 16, 2015, 08:05:22 AM
 #58

Well, it's certainly not a dead market with the bitcoin price having gone up from 282 to 292 and that happens during the weekend. Probably at this very moment investors are still cautious as to whether the coins from the auction will get dumped to the market. Once this is over, and confidence builds up, more likely we should see all the heavy movement coming along.

bitboy11
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March 16, 2015, 08:10:25 AM
 #59

A private club going nowhere fast..


I don't think that Nakamoto ever expected the entire adoption process to take place within 5-10 years!
I don't even think that it will become mainstream until the newborns of 2008 became adults.
It will need to be instilled within the mindsets of the masses which require widespread education.
Today bitcoin is only now escaping the fringes of society.

I too am upset that I never bought a $5 bitcoin when I first heard about it or that I missed the boat when faucets were giving away 1 bitcoin per claim.

When faucet owners were giving away 0.001 BTC ($0.02) in 2013 saw that it went from $20 to $1,200 within 1 year, they realized the potential monetary value of this currency.

There is no way in hell anyone would be crazy enough to give away that much bitcoin via faucets again!
That is 0.001 BTC...a possible $1.20 per claim.

Regardless of whether the price goes up or down, people are going to see the highest possible value that they can conceive.

If a faucet is giving away $0.02 today per claim, then it doesn't matter if bitcoins current value is $280.
The highest possible value for the coin remains $1,200 and it is appropriate to give away 0.0000165 per claim.

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March 16, 2015, 08:17:02 AM
Last edit: March 16, 2015, 08:28:03 AM by Decksperiment
 #60

A private club going nowhere fast..


I don't think that Nakamoto ever expected the entire adoption process to take place within 5-10 years!
I don't even think that it will become mainstream until the newborns of 2008 became adults.
It will need to be instilled within the mindsets of the masses which require widespread education.
Today bitcoin is only now escaping the fringes of society.

I too am upset that I never bought a $5 bitcoin when I first heard about it or that I missed the boat when faucets were giving away 1 bitcoin per claim.

When faucet owners were giving away 0.001 BTC ($0.02) in 2013 saw that it went from $20 to $1,200 within 1 year, they realized the potential monetary value of this currency.

There is no way in hell anyone would be crazy enough to give away that much bitcoin via faucets again!
That is 0.001 BTC...a possible $1.20 per claim.

Regardless of whether the price goes up or down, people are going to see the highest possible value that they can conceive.

If a faucet is giving away $0.02 today per claim, then it doesn't matter if bitcoins current value is $280.
The highest possible value for the coin remains $1,200 and it is appropriate to give away 0.0000165 per claim.



Just one point, I'll quote: It will need to be instilled within the mindsets of the masses which require widespread education.

Wrong, BTC require's WIDESPREAD DISTRIBUTION, not education, not hoarder's, people read more of scammers and bad press than they can find btc, just my opinion Wink - Keep in mind, satoshi is not btc, but a lower denomination of btc.. The majority have heard of btc.. less have heard of satoshi.. the world dont want satoshi, they want btc Wink Regardless of what it has become.. and the majority of the world will look at them drip site's and run away.. just trying to show why bitcoin will keep going down in price.. it has no value in the real world. Most uneducated see a bitcoin as equal to a pound or dollar, then they learn the truth, and bolt..
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