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Solice Kirsk posted:I stand by my assumption that when the bubble actually bursts its not going to follow that graph at all. It'll be a total free fall over one day with no warning. That graph could be applied a few times to this thing and the speculation just keeps bringing it back up. Maybe a country will decide it's undermining it's own currency and declare it treasonous. That should do it. litecoin charlie dumping most of his hodlings and warning about another flatline to 2015 levels is probably worth considering unless he was pulling a double fakie FUD shill attack against the nonbelievers in which case this is a strong strong bbuy signal it's going to moon any day now
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# ? Dec 24, 2017 00:02 |
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# ? May 30, 2024 16:06 |
Solice Kirsk posted:I stand by my assumption that when the bubble actually bursts its not going to follow that graph at all. It'll be a total free fall over one day with no warning. That graph could be applied a few times to this thing and the speculation just keeps bringing it back up. Maybe a country will decide it's undermining it's own currency and declare it treasonous. That should do it.
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# ? Dec 24, 2017 00:10 |
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# ? Dec 24, 2017 00:18 |
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I was guessing it would take lightning network coming out and demonstrating that their promises of 'that thing that's coming that's going to fix everything!' is completely unworkable crap to pop the bubble but who knows, it's already teetering on the the edge of blowing up now, so I'd now also say maybe 50% chance of dead cat bounce for a week or so then an even worse plunge.
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# ? Dec 24, 2017 00:29 |
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My Christmas prediction: conversations about crypto between family members over Xmas day lead to a newb influx causing a price surge, leading to established whales and hodlers cashing out, causing the price to plummet. As said newbs lose their money, many tears are had, fights caused and family ties broken.
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# ? Dec 24, 2017 00:44 |
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Solice Kirsk posted:I stand by my assumption that when the bubble actually bursts its not going to follow that graph at all. It'll be a total free fall over one day with no warning. That graph could be applied a few times to this thing and the speculation just keeps bringing it back up. Maybe a country will decide it's undermining it's own currency and declare it treasonous. That should do it.
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# ? Dec 24, 2017 00:57 |
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Solice Kirsk posted:I stand by my assumption that when the bubble actually bursts its not going to follow that graph at all. It'll be a total free fall over one day with no warning. That graph could be applied a few times to this thing and the speculation just keeps bringing it back up. Maybe a country will decide it's undermining it's own currency and declare it treasonous. That should do it. Yeah, Bitcoin isn't going to completely die unless something fundamentally breaks, but it is possible it goes dormant around 1-3k for a few years until it gets "re-discovered" again. It goes look like a pretty classic bull-trap at the moment though. The first crash had a very similar one.
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# ? Dec 24, 2017 00:59 |
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But will there be paintings and songs made to tell the tale of the slaying of this second whalebear?!
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# ? Dec 24, 2017 01:06 |
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What’s the problem? If you can’t handle bitcoin’s raw power, don’t touch the Blockchain
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# ? Dec 24, 2017 01:07 |
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Ardennes posted:Yeah, Bitcoin isn't going to completely die unless something fundamentally breaks, but it is possible it goes dormant around 1-3k for a few years until it gets "re-discovered" again. Reminder: the commodities exchanges that have been dominated by short sales from institutional investors are closed for the holiday weekend. Once the commodities board hits the limit down for a few more days I suspect there is going to be a lot of panic selling among the small fish on the exchange sites.
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# ? Dec 24, 2017 01:13 |
paternity suitor posted:Unironically this. Straight White Shark posted:Reminder: the commodities exchanges that have been dominated by short sales from institutional investors are closed for the holiday weekend. Once the commodities board hits the limit down for a few more days I suspect there is going to be a lot of panic selling among the small fish on the exchange sites. 2017 apologizes for all its poo poo with post-holiday lols
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# ? Dec 24, 2017 01:21 |
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Solice Kirsk posted:I stand by my assumption that when the bubble actually bursts its not going to follow that graph at all. It'll be a total free fall over one day with no warning. That graph could be applied a few times to this thing and the speculation just keeps bringing it back up. Maybe a country will decide it's undermining it's own currency and declare it treasonous. That should do it.
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# ? Dec 24, 2017 01:21 |
Sentient Data posted:But will there be paintings and songs made to tell the tale of the slaying of this second whalebear?! it has already begun quote:"The Miner Comes Around" Rock Puncher fucked around with this message at 01:27 on Dec 24, 2017 |
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# ? Dec 24, 2017 01:23 |
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# ? Dec 24, 2017 02:11 |
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mods change my name to mental grasps. tia
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# ? Dec 24, 2017 02:17 |
beautiful
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# ? Dec 24, 2017 02:17 |
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hahaha, this is awesome.
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# ? Dec 24, 2017 02:20 |
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# ? Dec 24, 2017 02:31 |
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im the demographic who comprehends bitcoins and i support this message pls like, follow, subscribe tell your friends bitcpins solve the byzimtime ventral problem and the future isBLOCKCHAIN
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# ? Dec 24, 2017 02:33 |
the new normal has been achieved, praise freedomcoin
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# ? Dec 24, 2017 02:36 |
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hmm yes 10% per day interest rates are definitely a good thing The bread that cost $2 on January first costs $38 by the end of the month, $62 million dollars by midyear and $1.2 quadrillion dollars by the end of December.
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# ? Dec 24, 2017 02:41 |
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yeah the fuckin bank should pay me 10% interest daily and also my car loan should have zero percent interest becaus I am a goddamn idiot with no ability to understand that the word interest is in both of those things so ofc blockchain
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# ? Dec 24, 2017 02:44 |
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fuckin baby boomers don’t understand
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# ? Dec 24, 2017 02:45 |
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Also, he posted that four hours ago, and then bitcoin immediately fell back 10% in that time because
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# ? Dec 24, 2017 02:45 |
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My pretend Internet money is super complicated, you guys could never understand it. Whoops, it just lost half its value. gently caress all you people just starting to take interest and wrecking everything. It's the new global currency, stop putting downward pressure on it because it's fantasy nonsense held by nerds and Chinese industrialists who calculated numbers on video cards.
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# ? Dec 24, 2017 02:48 |
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Those blockchains though.
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# ? Dec 24, 2017 02:49 |
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i just want my butt coins to return to their original value so i can sell em and invest in apple
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# ? Dec 24, 2017 02:50 |
https://blockchain.info/unconfirmed-transactions 221,000 unconfirmed transactions with fees valued at a total of ~1400 btc 1400/221000 = .00633484 btc per transaction ~$90 USD per transaction and you still have to wait
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# ? Dec 24, 2017 02:56 |
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Hmm yes people who have the bold vision to be able to say they deserve to have money generated for them out of thin air definitely deserve to get that money for real, makes perfect sense
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# ? Dec 24, 2017 03:00 |
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It's currently $130 per transaction, when you include the fee with the block reward pay out.
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# ? Dec 24, 2017 03:04 |
XK posted:It's currently $130 per transaction, when you include the fee with the block reward pay out. you have to bribe a bunch of robot accountants every time you want to use your currency of the future brilliant
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# ? Dec 24, 2017 03:17 |
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And like easily $20 of that is spent by the miners on electricity. Imagine an economy that uses $20 of electricity to buy a beer.
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# ? Dec 24, 2017 03:24 |
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I wonder if the bitcoiners even realize that with every 10 minute block reward, money equivalent to 12.5 bitcoins is being extracted from the economy. That is how the Chinese farms are paying for their running costs and equipment investments. It's not like they're just sitting on it.
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# ? Dec 24, 2017 03:27 |
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There was a halving in the block reward a few months back, the question was proposed about how the farms would keep running if the reward were cut in half. The obvious answer is that the price would be inflated to make up for the halving. And then tether, and now here we are.
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# ? Dec 24, 2017 03:37 |
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"early millennials"
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# ? Dec 24, 2017 03:51 |
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End of the dead cat bounce already?
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# ? Dec 24, 2017 04:05 |
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squidgee posted:"early millennials" seeing this made me sell my bitcoins
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# ? Dec 24, 2017 04:07 |
lazorexplosion posted:End of the dead cat bounce already? i fell into a burning pile of miners price fell down and it won't go higher and it burns burns burns the fiat liars the fiat liars
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# ? Dec 24, 2017 04:44 |
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squidgee posted:"early millennials" if you're over 25 just kill yourself grandpa - the blockchain will forever be incomprehensible to you
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# ? Dec 24, 2017 04:51 |
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# ? May 30, 2024 16:06 |
insulated staircase posted:i fell into a burning pile of miners love it Johnny Bcash is the next big thing IMO Rock Puncher fucked around with this message at 05:05 on Dec 24, 2017 |
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# ? Dec 24, 2017 04:59 |