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Junior Jr. posted:I don't think Bitcoin Cash is gonna go far, hell it's not even supported on Coinbase so I don't see any point in mining them. What's normal?
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Aug 10, 2017 15:41
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Coinbase will be implementing support for Bitcoin Cash, iirc
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Aug 10, 2017 18:38
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Poloniex will support it in January
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Aug 10, 2017 18:54
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1070 prices have crept back up. I relisted mine in the hopes of getting a free year of use out of it. 1080s are back to fairly "normal" values on the used market. The GPU economy is weird.
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Aug 10, 2017 21:30
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http://splinternews.com/all-this-bitcoin-stuff-is-fake-1797714696 Which one of you is this? He's even comparing to burritos
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Aug 11, 2017 03:32
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Fauxtool posted:http://splinternews.com/all-this-bitcoin-stuff-is-fake-1797714696 I sent him a book, 'cos that deserved one.
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Aug 11, 2017 13:57
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divabot posted:I sent him a book, 'cos that deserved one. Should've sent a burrito...
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Aug 11, 2017 16:32
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Nice! My $26 grew to $36 and I cashed it out for an amazon giftcard. Bitcoin is high at the moment.
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Aug 11, 2017 16:55
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Fauxtool posted:http://splinternews.com/all-this-bitcoin-stuff-is-fake-1797714696 
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Aug 11, 2017 18:40
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I don't even.... http://www.jpost.com/Diaspora/BitCoen-to-become-first-electronic-currency-specifically-for-Jews-501885 This is a real, legit publication, right?
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Aug 11, 2017 22:05
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BitCoen: it's a lot like taking a pile of money, burying it in the middle of nowhere, and losing it forever
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Aug 11, 2017 22:19
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Wtf I check my computer and see nicehash and it says some dollar amount that makes no sense so I check coinbase and bitcoin is $3850? Jesus
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Aug 12, 2017 11:16
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I think the lesson to be learned here is always hold on to your bitcoins, right?
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Aug 12, 2017 12:01
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1gnoirents posted:Wtf I check my computer and see nicehash and it says some dollar amount that makes no sense so I check coinbase and bitcoin is $3850? Jesus The guy who said 4,000 after the fork was correct!  100,000 bitcoin here we go! To the mooooooooooooooo
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Aug 12, 2017 16:43
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Jesus over 4k and climbing, makes me wish I didn't cash most of mine out.
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Aug 13, 2017 02:48
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MaxxBot posted:Jesus over 4k and climbing, makes me wish I didn't cash most of mine out. Its that high because you can't cash out.
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Aug 13, 2017 02:58
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MaxxBot posted:Jesus over 4k and climbing, makes me wish I didn't cash most of mine out. That's just gambler thinking; you can't actually time a peak. Be thankful that you cashed out for profit and didn't hold on until the next big crash
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Aug 13, 2017 03:04
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QuarkJets posted:That's just gambler thinking; you can't actually time a peak. Be thankful that you cashed out for profit and didn't hold on until the next big crash
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Aug 13, 2017 03:08
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MaxxBot posted:Jesus over 4k and climbing, makes me wish I didn't cash most of mine out.
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Aug 13, 2017 03:21
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Malloc Voidstar posted:I cashed out my original earnings forever ago when Bitcoin was ~$1 Same.
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Aug 13, 2017 03:55
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hobbesmaster posted:Its that high because you can't cash out. Huh?
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Aug 13, 2017 03:55
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If only I had picked the lottery numbers.
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Aug 13, 2017 04:18
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MaxxBot posted:Huh? I think he's referring to the cycle that gets created when a major exchange (like Bitfinex or MtGox before it) stops USD withdrawals but permits bitcoin withdrawals; this drives demand for bitcoin at that exchange (because people want to get their money out), driving the price of bitcoin up everywhere thanks to arbitrage. People see the new price increasing and go to one of the major bitcoin exchanges, such as Bitfinex, to buy some bitcoins, but then when they want to cash out they see that they can't, so the feedback loop continues. As you might expect, the opposite thing happened when two big Chinese exchanges stopped Bitcoin withdrawals but permitted withdrawal of actual money. You might ask: when does such a feedback loop end? That's near-impossible to predict, like any bubble. Anyone buying in right now, or holding right now, is making a huge gamble that they'll be able to predict the peak before the crash.
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Aug 13, 2017 04:31
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Feeling pretty good about buying $500 worth of bitcoins at around $3200. Let's see how this strategy plays out.
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Aug 15, 2017 05:50
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God speed, hope you can time the peak
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Aug 15, 2017 06:23
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Jokes on you guys, $5 of my BTC I forgot about is now worth $10, time to cash out 
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Aug 15, 2017 15:25
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hobbz posted:Feeling pretty good about buying $500 worth of beanie babies at around $3200. Let's see how this strategy plays out.
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Aug 15, 2017 19:31
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Down 500 dollars overnight. The worst thing about bitcoins is making me click my 1080 profitability bookmark and check every day to see if it'll ever be back to 10 dollar a day levels. Even when it was 4,500 dollars people weren't paying anything for mining, only like 2 something.
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Aug 15, 2017 20:14
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craig588 posted:Down 500 dollars overnight. The problem is while BTC went way up, the value of the coins we are mining did not, or at least not a similar amount.
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Aug 15, 2017 20:32
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Sadly I considered this a good strategy 20 years ago but in my defense I was 8 years old. Anyone want to buy some Beanie Babies? craig588 posted:Down 500 dollars overnight. There was a modest uptick on Nicehash, nothing huge but slightly better than before the rally started.
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Aug 15, 2017 21:12
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hobbz posted:Feeling pretty good about buying $500 worth of bitcoins at around $3200. Let's see how this strategy plays out. gently caress man you are gonna be so rich
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Aug 15, 2017 21:39
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I mean it was under 2000 like a month ago wasn't it? I don't know how you could even begin to feel good about that decision.
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Aug 16, 2017 03:52
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because short term greed clouds long term common sense
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Aug 16, 2017 04:39
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Risky Bisquick posted:Jokes on you guys, $5 of my BTC I forgot about is now worth $10, time to cash out When the hyperinflation apocalypse happens, are you going to (1) let your parents have some of that money, or (2) spit on them and leave them to rot in the gutter? If you picked 1 you're a beta who's going to die like the rest and I'm glad you sold so that there's more bitcoins for the strong hands to HODL.
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Aug 16, 2017 10:14
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Buttcoin purse posted:When the hyperinflation apocalypse happens, are you going to (1) let your parents have some of that money, or (2) spit on them and leave them to rot in the gutter? If you picked 1 you're a beta who's going to die like the rest and I'm glad you sold so that there's more bitcoins for the strong hands to HODL. I will keep this in mind while I transfer the  to amazon credits. Honestly though, the people that had thousands of bitcoin in 2014/2015 are probably in either severe depression or contemplating suicide. Like can you imagine, time bias of course, that you were holding millions of dollars worth of fake internet money and threw it away for pennies?
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Aug 16, 2017 15:20
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Risky Bisquick posted:I will keep this in mind while I transfer the I could have bought them at $0.01 each I think about that a lot. GBS told me not to lol. Of course Id have sold everything when it hit a dollar but still. Also the people who bought pizzas for 30 bitcoins
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Aug 16, 2017 15:29
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1gnoirents posted:I could have bought them at $0.01 each I think about that a lot. GBS told me not to lol. Of course Id have sold everything when it hit a dollar but still.
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Aug 16, 2017 15:52
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1gnoirents posted:I could have bought them at $0.01 each I think about that a lot. GBS told me not to lol. Of course Id have sold everything when it hit a dollar but still. That's the problem, everyone is saying "Man, if had bought at 0.01 cents I would be a millionaire off my investment!". But at the same time, what makes you think you would ride every downturn, every failed exchange, would you even still have your bitcoins or would you have lost them to said exchanges? At the same time, there have been a lot more failed crypto-currencies and other schemes than ones that survive. No one looks back and says, I wish I had bought more flooz! *Note: I know Flooz wasn't a cryptocurrency, but from the end-user standpoint, its an alternative currency for internet sales that was fraught with credit card fraud just like a real cryptocurrency! nerox fucked around with this message at 16:20 on Aug 16, 2017 |
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Aug 16, 2017 16:18
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I bought 1 bitcoin when it was around 1 dollar and sold it when it was at around 800. (actually it was around 1,000, but the only way I could figure out how to turn it into cash at the time had fees to make it like 800 something) I just wanted to try a weird internet thing and 1 dollar was so low I didn't have to care about it just to be a part of this weird internet thing. The only way I can recommend someone trying out this weird internet thing now though is according to the OP. Check profitability, see if it's worth it to you. It's not to me, but every day I hope for a return to 10 dollars a day.
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Aug 16, 2017 16:29
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It's been pretty well discussed that none of the exchanges back then are still up so you couldn't really have any old Bitcoin unless it was on a private wallet. Mining them yourself to a private wallet is the only realistic way it could happen
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Aug 16, 2017 18:18
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