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tell him he better start cashing his billions out now if times it right by the time he cashes out the first billion the remaining leftovers will be worth another billion due to the slow transaction speeds
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Nov 11, 2017 17:26
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gary oldmans diary posted:youre a defensive fella. sorry you havent taken to understanding anything
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Nov 11, 2017 19:11
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I found a good article about bitcoin: https://priceonomics.com/when-the-great-alpaca-bubble-burst/ Key points: - goods being sold on the merit of them going up in value, rather than because of the innate usage as a good or innate earning power from their economic outputs, - unrealistic expectations of return based on: - Information coming nearly solely out of biased or industry controlled sources (in bitcoins case, people who already hold coins or the exchanges that "sell" them.
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Nov 11, 2017 19:20
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Drone_Fragger posted:I found a good article about bitcoin: poo poo guys, sorry, I just realised I'm running my "Alpaca" to "bitcoin" chrome extension, and it appears to be working as intended, sorry folks. There is no paralells between bitcoin and speculative asset bubbles [citation needed]
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Nov 11, 2017 19:23
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Uranium 235 posted:if you keep saying it then eventually it will come true where you had a slip and revealed both that it has occurred to you that you fit the definition of a professional trader as you see it and that also that it appears ridiculous to you is where you already had a the relationship traded:trader::run:runner and then you immediately (in the same post where you first mentioned any of that) went back to it and added that were not however a professional runner. you drew a distinction while at the same time and ever since avoiding at great lengths making a simple statement as to whether or not you believe youre a professional trader you are a step out from normal people but even you get when usage of a term is stretched ridiculously and hence should be able to that you look ridiculous calling people who buy bitcoin traders as though you dont understand the connotations of that term used in a serious capacity entailing more than looking at a number once a day and going "oh number go higher or go lower?" alternatively put on your best red power tie and press buttons on the worlds biggest 80s cell phone or whatever you think traders do while you play pretend gary oldmans diary fucked around with this message at 19:29 on Nov 11, 2017 |
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Nov 11, 2017 19:26
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I sold everything I had related to bitcoin at 7200, the day before it dipped down to current levels; made 3000 dollars and reinvested it in ordinary stocks so it's been good.
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Nov 11, 2017 19:35
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Coworker/acquaintance of mine bought 18k worth of bitcoin at 5.5; he was pretty ecstatic when it was at 7.8 and is looking kinda grim today at 6.3.
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Nov 11, 2017 19:36
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I figured it was probably time to just sell it off when my tech-retarded father in law mentioned "those there bitcoins" four days ago.
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Nov 11, 2017 19:37
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Minimalist Program posted:Coworker/acquaintance of mine bought 18k worth of bitcoin at 5.5; he was pretty ecstatic when it was at 7.8 and is looking kinda grim today at 6.3. Greed. Minimalist Program posted:I figured it was probably time to just sell it off when my tech-retarded father in law mentioned "those there bitcoins" four days ago. lol yeah good call.
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Nov 11, 2017 19:39
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I feel like this is a thing that shouldn't have to be said but investing in a something while its prices are skyrocketing to unheard of level is a bad idea. Especially when said product has no intrinsic value. Don't be a greedy idiot.
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Nov 11, 2017 20:36
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Hey guys is now a good time to purchase bitcoins? I have almost 1,500 bucks saved up in the bank and I'm ready to pull the trigger.
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Nov 11, 2017 21:07
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yeah go for it
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Nov 11, 2017 21:08
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gary oldmans diary posted:where you had a slip and revealed both that it has occurred to you that you fit the definition of a professional trader as you see it stopped reading here because if everything afterward relies on this premise then it's no good
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Nov 11, 2017 22:33
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poverty goat posted:Here's a feelgood bitcoin story I don't understand, those bitcoins don't belong to him why would the money go to him?
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Nov 12, 2017 00:36
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bitcoin is like a magic trick
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Nov 12, 2017 00:37
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Toys For rear end Bum posted:
call me back when you can buy groceries with bitcoin. When Safeway takes them
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Nov 12, 2017 00:43
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No Hope posted:Hey guys is now a good time to purchase bitcoins? I have almost 1,500 bucks saved up in the bank and I'm ready to pull the trigger. It’s never a good time to buy bitcoins
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Nov 12, 2017 01:14
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No Hope posted:Hey guys is now a good time to purchase bitcoins? I have almost 1,500 bucks saved up in the bank and I'm ready to pull the trigger. Keep in mind that you are essentially just gambling. If this is your life savings then jesus christ don't gamble with your life savings. If this is play money that you don't mind losing then think carefully about whether you are accurately assessing the risk vs reward
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Nov 12, 2017 02:38
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Bitscoins are down $2000! Where is Hammy telling us how good they are?
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Nov 12, 2017 05:27
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That's why I don't talk about bitcoins because the up uP UP! crew is missing when it drops.
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Nov 12, 2017 05:45
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Minimalist Program posted:Coworker/acquaintance of mine bought 18k worth of bitcoin at 5.5; he was pretty ecstatic when it was at 7.8 and is looking kinda grim today at 6.3. lol it's down to $5.8k now 
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Nov 12, 2017 06:39
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Market is down and covariance is risk. You could take out a loan and buy the Dow for similar risk/reward.
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Nov 12, 2017 06:40
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Toys For rear end Bum posted:lol it's down to $5.8k now whee!
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Nov 12, 2017 06:43
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Tether is printing fake money like crazy. $60m in 24 hours, $100m this week. http://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL I'm sure they totally have $595m cash sitting in their account to back this up, though.
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Nov 12, 2017 06:53
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Powershift posted:Tether is printing fake money like crazy. $60m in 24 hours, $100m this week. tethers always get produced in massive amounts when the BTC price is falling, and then a bunch of bitcoins get bought and the price stabilizes but I'm sure that's all sheer coincidence and they definitely have the money to back this token that their web site says they are not legally required to back or redeem fuckin bitcoin man lol
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Nov 12, 2017 06:58
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$700 Million Stuck in 115,000 Unconfirmed Bitcoin Transactionsquote:The cryptocurrency has seen better days, as according to Blockchain.info there are now 115,003 unconfirmed transactions, meaning the mempool has once again surpassed the 100 million byte mark – which hasn’t happened for nearly three months. According to tradeblock, these unconfirmed transactions amount to 110,611 BTC, worth over $700 million, weighting about 36 MB. 
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Nov 12, 2017 07:05
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Back to the Special Purpose Vehicle board.
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Nov 12, 2017 07:06
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We have a bitcoin emote now, fyi. 
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Nov 12, 2017 07:06
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we've gone past up! and reached Up! but are we at UP! yet? I still have grandma's social security checks I can cash in for beepboopcoin
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Nov 12, 2017 07:13
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holy poo poo, it's now up to 146,000 unconfirmed transactions: https://blockchain.info/unconfirmed-transactions and the fee is up to $11.99: https://estimatefee.com/
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Nov 12, 2017 07:14
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Toys For rear end Bum posted:holy poo poo, it's now up to 146,000 unconfirmed transactions: but I heard bitcoin had free transfers
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Nov 12, 2017 07:17
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why are they calling bytes 'satoshis'?
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Nov 12, 2017 07:19
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No wait, you’re supposed to buy bitcoin cash now, actual bitcoins are so last week.
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Nov 12, 2017 07:20
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Toys For rear end Bum posted:holy poo poo, it's now up to 146,000 unconfirmed transactions: quote:Transactions Per Second 32.64 Bitcoin's theoretical limit is 7 transactions per second, realistic limit is about 4 transactions per second quote:Total Size 531467.209 (KB) With 1 mb per block, 1 block every 10 minutes***, it would take 531 blocks, or 88.5 hours to process the current backlog if transactions stopped being added ***with the drop in price, miners are switching to other coins, there have only been 4 blocks found in the last 1 hour, 23 minutes. they have all been full, but only 9185 transactions combined, that's only 1.844 transactions per second. There have only been 22 blocks found in the last 6 hours, there should have been 36.
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Nov 12, 2017 07:25
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a bone to pick posted:why are they calling bytes 'satoshis'? they call 0.000000001 bitcoin a satoshi because it's a cult. e: the difficulty just adjusted yesterday, so if the mining network is where it appears to be at, it will take nearly a full month of the network running half speed before a difficulty adjustment. that's a theoretical 3.5 transactions per second, realistic 2 transactions per second. Powershift fucked around with this message at 07:35 on Nov 12, 2017 |
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Nov 12, 2017 07:26
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Powershift posted:There have only been 22 blocks found in the last 6 hours, there should have been 36. Bitcoin!
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Nov 12, 2017 07:41
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Uranium 235 posted:lol no i don't, honestly have no clue where you got that idea i really enjoyed your squirmy dance of insisting youre as much a trader as anyone and then despite all the same reasoning following that you should also consider yourself professional trader you finding that premise ridiculous... even though youre totally a real trader. and this whole conversation about your insistence to be acknowledged as a bonafide trader because of the online scams you have money in  sensationalin other news bitcoins clusterfuck nature is catching up to it
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Nov 12, 2017 07:55
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So basically Bitcoin is plummeting Bitcoin Cash is shooting up https://coinmarketcap.com/currencies/bitcoin-cash/ https://www.cnbc.com/2017/11/10/bitcoin-falls-after-developers-call-off-segwit2x-bitcoin-cash-surges.html So all the miners are switching over, and it's ratfucking peoples ability to make Bitcoin transactions?
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Nov 12, 2017 07:55
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Toys For rear end Bum posted:So basically the bitcoin cash cap is 39 billion dollars. that makes sense
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Nov 12, 2017 08:00
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So I was able to dig up that wallet.dat file from my old laptop. I had 0.060289 bitcoins in it So what should I do?
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Nov 12, 2017 09:20
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