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11th September 2019, 07:32 PM | #161 |
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11th September 2019, 10:15 PM | #162 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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14th September 2019, 05:03 PM | #163 |
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My coworker has made 100k or so with both bitcoin and altcoin. I heard that he bought 6 bitcoins just before the bump. I still prefer blackjack. Am up 1600 this year though I would have made more money betting on bitcoins
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14th September 2019, 05:06 PM | #164 |
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15th September 2019, 11:54 PM | #165 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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16th September 2019, 04:14 AM | #166 |
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Well in 2017 you didnt really have to be lucky to make money on bitcoin. I made over 100% and i sold 2 days after peak, when the crash was quite clear. If I sold sooner, I'd made 200%.
So it really depends what time are you talking about. In general, BTC is as predictable as dice. It's really funny reading analyses and predictions one year back. |
16th September 2019, 05:34 AM | #167 |
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16th September 2019, 05:40 AM | #168 |
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Bitcoin and other Crypto is notorious for price manipulation. There seems to be another hype going on that will make some people rich.
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16th September 2019, 07:48 AM | #169 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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16th September 2019, 07:53 AM | #170 |
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16th September 2019, 08:44 AM | #171 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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16th September 2019, 09:02 AM | #172 |
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let's keep the hype about the currency itself and it's propensity for manipulation separate, shall we?
I don't think Bitcoin itself is the best way to have a cryptocurrency, but the general idea is solid - at this point it is far more than a hype, it is a fixture. But we frequently get Pump and Dump scams (https://en.bitcoinwiki.org/wiki/Pump_and_Dump), and the current kind of news about how high/low Bitcoin will go sounds to me like the preparation for exactly such a scam. Yes, short-term price manipulation is something common in cryptocurrencies, especially the smaller ones. |
16th September 2019, 09:43 AM | #173 |
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What do you mean by "current kind of news about how high/low Bitcoin will go" ?
Specialized servers have news like this every day. |
16th September 2019, 09:44 AM | #174 |
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Assuming that the few examples in that reference are actual pump and dump schemes, none of them are bitcoin.
Even then, it is just as likely that these examples of relatively unknown cryptos were cherry picked because they saw a sudden large price rise followed by an equally quick fall in price - ergo "pump and dump". My dog might have 4 legs but that doesn't make it a cat. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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16th September 2019, 03:25 PM | #175 |
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Some people are good at playing the bitcoin market just like the stock market. That’s what he made this year and has been playing continuously for the past 2 years or so
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16th September 2019, 03:30 PM | #176 |
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well look at that,
if I had ignored the naysayers I might have been in profit, grr. |
19th September 2019, 05:19 PM | #177 |
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Looking to buy like 30 bucks of coin. Should I use coinbase? How about ripple? I am getting the feeling that the coins are pretty flat right now
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19th September 2019, 07:18 PM | #178 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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19th September 2019, 10:34 PM | #179 |
Illuminator
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https://getpocket.com/explore/item/h...=pocket-newtab
Quote:
Quote:
Quote:
Quote:
Thank goodness the US dollar is a terrible investment, that is one of the reasons it remains the most useful currency in the world. |
20th September 2019, 04:34 AM | #180 |
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All points but the last are valid. As long as people are willing to pay for bitcoin, it is not worthless. If bitcoin is still around when the only reward for mining is the transaction fees then either the transaction fees will rise dramatically or the energy expended on mining will drop significantly.
Yes, any currency that is not subject to demurrage or inflation and on which fees must be paid for every transaction is not particularly useful. Worse, bitcoin doesn't scale so the rate of transactions is permanently limited. It will be up to a future crypto to address these problems but as usual, this is old news. |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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20th September 2019, 08:23 PM | #181 |
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Went on coinbase to buy 100 bucks of bitcoin and my bank deactivated my card. I am not brave enough yet to link my bank account to it.
I think the fees scale. 50 bucks of bitcoin generated a 2 dollar fee and 100 bucks of bitcoin is 4 bucks. 4% fee per transaction |
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20th September 2019, 09:17 PM | #182 |
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20th September 2019, 10:03 PM | #183 |
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That's not what "scale" means. It means that more nodes/miners doesn't mean that we can get more transactions per block.
That's quite a markup your vendor is adding. Current fees are about 0.0001 BTC per transaction or 0.15% of the value of each transaction. https://www.blockchain.com/btc/block...997c77791579e8 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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21st September 2019, 02:11 AM | #184 |
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21st September 2019, 06:41 AM | #185 |
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"To me, Hitler is the greatest man who ever lived. He truly is without fault, so simple and at the same time possessed of masculine strength" -Leni Riefenstahl Wollen owns the stage
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24th September 2019, 05:06 AM | #186 |
Penultimate Amazing
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"Bitcoin Energy Consumption
Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use." https://thenextweb.com/hardfork/2019...w-10000-again/ What a nasty and pure evil construct, eh Greta. |
24th September 2019, 11:35 PM | #187 |
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If bitcoin is so evil then why are you telling people how to make a profit from it? Is that why your TA is always wrong? To punish speculators?
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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24th September 2019, 11:55 PM | #188 |
Maledictorian
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I'm sure that Bitcoin's creator wasn't thrilled by the amount of energy his creation is draining.
There are other cryptocurrencies that don't do this. |
25th September 2019, 08:28 AM | #189 |
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25th September 2019, 02:22 PM | #190 |
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25th September 2019, 06:53 PM | #191 |
Penultimate Amazing
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I don't trade bitcoin, I am a fascinated observer. TA seems to work better on bitcoin than anything else, so I feel drawn to predict.
In fact I find it scarcely credible it uses 3 parts in a thousand of electricity produced on the planet, but if this is true, it is pure evil. |
25th September 2019, 07:43 PM | #192 |
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R.T.Q.
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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30th September 2019, 12:52 AM | #193 |
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30th September 2019, 03:21 AM | #194 |
Penultimate Amazing
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Bitcoin should hover at this level for a week or 3, 8040, then it will move down to 5k, then stage a strong rally. Buy at around 5k, as always the thread leaves nowhere to hide.
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30th September 2019, 07:04 AM | #195 |
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2nd October 2019, 10:48 PM | #196 |
Penultimate Amazing
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With bitcoin at 8316, I strongly suggest shorting the magic carpet.
As always, the thread records in perpetuity the nonsense. Thank you for attending. |
2nd October 2019, 11:06 PM | #197 |
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 |
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2nd October 2019, 11:13 PM | #198 |
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3rd October 2019, 12:18 AM | #199 |
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"To me, Hitler is the greatest man who ever lived. He truly is without fault, so simple and at the same time possessed of masculine strength" -Leni Riefenstahl Wollen owns the stage
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3rd October 2019, 12:23 AM | #200 |
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