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Thread: Bitcoin Died Yesterday/Today. Where Did the Bitcoin Worshipers Go?

  1. #31
    Quote Originally Posted by kcchiefs6465 View Post
    Good luck on getting some of the people here to ever admit that.
    I admit it and always caveat it when I inform others about it and virtually all over at BTC forums do as well. My holdings are fairly small compared to my PMs but the holders over at the BTC forums have hundreds and thousands a piece.



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  3. #32
    Quote Originally Posted by kcchiefs6465 View Post
    Good luck on getting some of the people here to ever admit that.
    Never underestimate the vast intelligence of someone who enjoys underage girls.
    Ron Paul let the cat out of the bag.

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  5. #33
    Quote Originally Posted by AGRP View Post
    What happened to the Bitcoin craze?

    Poof. They are gone. Interesting?
    Last trade $121.90 6:06 PM 4/12/13 looks like it's rallying strongly under the circumstances. Now I wish I had bought at $70 earlier this afternoon...

  6. #34
    Quote Originally Posted by anaconda View Post
    Last trade $121.90 6:06 PM 4/12/13 looks like it's rallying strongly under the circumstances. Now I wish I had bought at $70 earlier this afternoon...
    That is the whole problem with it. Everyone is just pure speculating, this has turned into a casino.
    "They that can give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety."
    -Benjamin Franklin

  7. #35
    I'm in to bitcoins for the long term. My libertarian and techie sides think it is only going to be more useful over time.

    I did diversify by selling some coins, got some gold and silver. It was less than 10% and it adds to the coin collection too. It's a win win!

    The Main exchange dying in the middle of a press blitz and increase in value was a bad thing for bitcoins.
    “…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

    BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq

  8. #36
    Quote Originally Posted by Mike4Freedom View Post
    That is the whole problem with it. Everyone is just pure speculating, this has turned into a casino.
    But the early adopters must provide liquidity for the market. How else to do that?

  9. #37
    Quote Originally Posted by dannno View Post
    You don't seem to understand what exactly it is supposed to do. If it is worth more in a few weekes than it was a few weeks ago then volatility is of little consequence.
    Among other things, it's supposed to be stable and reliable. Most people who sell things don't want to speculate that the bitcoins they acquired might be only worth 70% as much as the item they sold in exchange for them a week ago. They'll go out of business if the volatility goes the wrong way at the wrong time.

    The volatility won't disappear until it gains wide acceptance, but it won't gain wide acceptance unless the volatility disappears.
    Last edited by enoch150; 04-12-2013 at 09:16 PM.
    "Government is not the solution to our problem; government is the problem."
    Ronald Reagan, 1981

  10. #38
    We need a primer on what bitcoins are for members who immediately think it's a ponzi scheme. We have argued the same points over and over.

    How they work, how they're mined, cryptography, what the blockchain is, transaction confirmations, fees, etc etc etc...

    Bitcoin 101.

  11. #39
    Quote Originally Posted by AGRP View Post
    Now the money people are chattering about gold and silver? What happened to the Bitcoin craze?

    Poof. They are gone. Interesting?


    Been day trading a classic... whatcha been up to?

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  12. #40



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  14. #41
    Has anyone considered that this recent run up has gotten Bitcoin in the mainstream somewhat and therefore more valuable? I have received emails from people who know nothing about this asking me if I am aware what's happening to Bitcoin.

  15. #42
    Bitcoin is backed by nothing. Whether that is better or worse than the promises of politicians that back state-issued currencies is a tough call. I see some merit in it being used as a transaction medium (the obvious benefit being the lack of state control), but I do not see merit in it being used as a store of wealth.

  16. #43
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    Quote Originally Posted by Jordan View Post
    I think there needs to be some recognition that Bitcoin's huge potential is also met with huge odds.

    Face it, Bitcoin is just as much of an investment as a lottery ticket is. I could buy a scratch off and have a chance to turn $1 into $10,000. The odds are $#@!, though. So I don't go around talking about the relatively impossible feat of me turning $1 into $10,000.

    Anyway, let's talk the odds of Bitcoin being a world-class currency. Any takers? I'm curious, bitcoin fans. What are the odds of success in your mind? What are the odds that Bitcoin touches $500 or even $1,000 in the next 5 years?
    4-12-2018
    Bitcoin closed at $7,895.96

    https://finance.yahoo.com/quote/BTC-...RzoM62OKrpPWTD
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  17. #44
    The Beautiful thing about investing is the investor gets to decide where to allocate their monies.

  18. #45
    Bitcoin will never die.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  19. #46
    I just bumped my BTC thread from 2013.

    Man...
    "An idea whose time has come cannot be stopped by any army or any government" - Ron Paul.

    "To learn who rules over you simply find out who you arent allowed to criticize."

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