The Bitcoin Thread

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SaiyanZ said:
Too late. Happy hour is over. USD price is back to where it was.
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That's all the auto sell orders kicking in. It should keep upward when China wakes up. I'm going to set my alarm for 6am Beijing lol.
 
That’s was a massive spike. Incredible. Scary how quick things can change. Can’t imagine having bought in at $7700 a few minutes ago and seeing $500 correction. Although some would say it’s a right of passage Going to setup up some alerts. Good luck out there everyone
 
PAYBACK said:
That’s was a massive spike. Incredible. Scary how quick things can change. Can’t imagine having bought in at $7700 a few minutes ago and seeing $500 correction. Although some would say it’s a right of passage Going to setup up some alerts. Good luck out there everyone
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What alerts do you setup? Or, rather, where?
 
Noock said:
Yeah can't believe it's come all the way back down
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That's the order book kicking in. That kind of spike is only for the scalpers. It's the mid to long term direction that's going to count for most.
 
Some miners have gone rogue and will push ahead with S2X. Crazy.
 
Datura said:
I can't find anything on this. Please post a link. How would it work if most backers have cancelled?
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With 30% hashpower!
 
Thanks. That is going to be interesting to watch!

EDIT: I see the general consensus is that they are trolls. Will keep an eye on it regardless.
 
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it amazes me how people still treat btc as shares , do chart analysis, etc etc
Its a new paradigm.......a means to shift wealth borderless and half anonymous , a way to store wealth, deflationary(or rather stable--and fiat is inflationary--in the end fiat will oscillate around btc--the "gold standard) There are issues--but btc is an evolutionary process , hard forks will be part of it--live with it.The big issue is to avoid centralization and renegade mining pools controlling btc --or a post hard fork btc. The moment that btc has a form of centralized control either/or governments/banks/visa can nullify all the benefits of a decentralized cryptocurrency
a very useful twitter account to follow is that of Nick Szabo , also read his musings on his blog about money etc
about the financial analysts:
ask them what do they now about btc , blockchain and the basic "philosophy " of btc....they will be clueless
They trained and live in in a fiat/shares in a company/money in paradise panama world--that is what they want to protect at all costs
I transferred some funds offshore some time ago , spoke to a Main Man , said he did buy btc but sold after looking at the tech analysis , that was at I think 2500 dollars/btc
Their favourite song is " and the wind cried tulips" , to be sung to the tune of "and the wind cried Maria"
 
iedergeval said:
it amazes me how people still treat btc as shares , do chart analysis, etc etc
Its a new paradigm.......a means to shift wealth borderless and half anonymous , a way to store wealth, deflationary(or rather stable--and fiat is inflationary--in the end fiat will oscillate around btc--the "gold standard) There are issues--but btc is an evolutionary process , hard forks will be part of it--live with it.The big issue is to avoid centralization and renegade mining pools controlling btc --or a post hard fork btc. The moment that btc has a form of centralized control either/or governments/banks/visa can nullify all the benefits of a decentralized cryptocurrency
a very useful twitter account to follow is that of Nick Szabo , also read his musings on his blog about money etc
about the financial analysts:
ask them what do they now about btc , blockchain and the basic "philosophy " of btc....they will be clueless
They trained and live in in a fiat/shares in a company/money in paradise panama world--that is what they want to protect at all costs
I transferred some funds offshore some time ago , spoke to a Main Man , said he did buy btc but sold after looking at the tech analysis , that was at I think 2500 dollars/btc
Their favourite song is " and the wind cried tulips" , to be sung to the tune of "and the wind cried Maria"
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But the question is, should he have waited to cash out at 7500 instead of 2500. My understanding is that BTC is 20% research and 80% luck. So calculated gambling perhaps.
 
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