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The Bitcoin (BTC) thread
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el mechanico Offline
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Post: #1801
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Take this for what it's worth.

The older big wheelers in trading are starting to grasp this. I was told only us "small time" guys are messing with it
07-09-2014 05:44 PM
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JayJuanGee Offline
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Post: #1802
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
The linked graph has some very good depictions of bitcoin price history, including providing some abilities to compare previous bubbles from 2011 to present.

https://bitcointalk.org/index.php?topic=...msg7893298
07-18-2014 01:15 AM
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strengthstudent Offline
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Post: #1803
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
DELL ACCEPTS BITCOIN NOW.

I asked my personal fortuneteller and she said that I will be prosperous very soon.
07-19-2014 03:10 AM
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Deluge Offline
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Post: #1804
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
This dude tried to sell me Bitcoin MDMA at a party last night. I couldn't handle my lulz.
07-19-2014 04:06 AM
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pants Offline
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Post: #1805
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(07-19-2014 03:10 AM)strengthstudent Wrote:  DELL ACCEPTS BITCOIN NOW.

I asked my personal fortuneteller and she said that I will be prosperous very soon.

Holy fuck, this is HUGE!BananaBananaBanana Why isn´t the price skyrocketing?
07-19-2014 09:32 AM
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pants Offline
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Post: #1806
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Having a conversation with myself here, but hope that´s alright^^

Huge companies accepting bitcoin actually puts a sell pressure on the bitcoins(unless Dell is actually holding on to the bit coins), so even if its is a step to mass adoption, in a way it also might not affect the price so much.

The one thing affecting the price, is hype, and the belief its a good store of value.
(This post was last modified: 07-19-2014 09:41 AM by pants.)
07-19-2014 09:34 AM
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pants Offline
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Post: #1807
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(07-19-2014 04:06 AM)Deluge Wrote:  This dude tried to sell me Bitcoin MDMA at a party last night. I couldn't handle my lulz.

MDMA with a B on them?
07-19-2014 09:42 AM
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Deluge Offline
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Post: #1808
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(07-19-2014 09:42 AM)pants Wrote:  
(07-19-2014 04:06 AM)Deluge Wrote:  This dude tried to sell me Bitcoin MDMA at a party last night. I couldn't handle my lulz.

MDMA with a B on them?

It had the proper Bitcoin logo and it was orange too. Thought it was pretty neat.

[Image: BC_Logo_.png]
07-19-2014 09:44 AM
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pants Offline
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Post: #1809
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(07-19-2014 09:44 AM)Deluge Wrote:  
(07-19-2014 09:42 AM)pants Wrote:  
(07-19-2014 04:06 AM)Deluge Wrote:  This dude tried to sell me Bitcoin MDMA at a party last night. I couldn't handle my lulz.

MDMA with a B on them?

It had the proper Bitcoin logo and it was orange too. Thought it was pretty neat.

[Image: BC_Logo_.png]
Hope he gave you a chance you a chance to pay with bitcoin then razz
07-19-2014 09:50 AM
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JayJuanGee Offline
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Post: #1810
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
I believe that the creation of more liquidity opportunities for bitcoin is, in the whole scheme of things, a bullish occurrence.

Many FUD spreaders attempt to describe and characterize a large number of BTC liquidity options as if they were bearish events bc a large number of these newly accepting merchants are immediately converting BTC to fiat.

I believe that immediate converting of BTC to fiat is a big "so what?" Bc in the whole scheme of things increasing liquidity remains a great development for btc's future that's going to have a snowballing effect in increasing confidence in BTC NOT being a Ponzi scheme nor a pyramid scheme.

In the recent past, these various announcements of significant big merchant adoption has NOT caused meaningful or explosive rallies in BTC prices, though nonetheless, I get the sense that the multitude of increased merchant adoption(s) will inspire a frenetic upward movement in BTC prices when it's time comes (when the time is right), likely such upward BTC price explosion will occur during calendar year 2014, but could possibly be delayed into early 2015. It seems fairly unlikely that such rocket/trains departure of BTC prices in an upward trajectory will be delayed beyond mid 2015 (absent some catastrophic new development that currently does not appear to be in the BTC cards).
07-19-2014 12:13 PM
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JJ Roberts Offline
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Post: #1811
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Hmmm

Am surprised that the price seems so stuck at 620 right now.

Not even the Dell news moved it.
07-20-2014 03:14 AM
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cibo Offline
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Post: #1812
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(07-20-2014 03:14 AM)JJ Roberts Wrote:  Hmmm

Am surprised that the price seems so stuck at 620 right now.

Not even the Dell news moved it.
I actually bought a few bit coins since the Dell news was big to me. I missed out on the early bitcoin rallies but im coming around to the value proposition of the currency.
07-20-2014 07:14 AM
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JayJuanGee Offline
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Post: #1813
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(07-20-2014 07:14 AM)cibo Wrote:  
(07-20-2014 03:14 AM)JJ Roberts Wrote:  Hmmm

Am surprised that the price seems so stuck at 620 right now.

Not even the Dell news moved it.
I actually bought a few bit coins since the Dell news was big to me. I missed out on the early bitcoin rallies but im coming around to the value proposition of the currency.


Congratulations and welcome to bitcoin. It is very likely that within a few years, you are going to also be considered an early adopter.

Buying now, you are likely in a good position for future profits, so long as you do NOT panic if the price goes down or sell too early. Additionally, if prices go down without any significant changes to the fundamentals, then that lowing of prices should be considered as further buying opportunities.
07-20-2014 06:54 PM
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JayJuanGee Offline
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Post: #1814
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(07-20-2014 06:54 PM)JayJuanGee Wrote:  
(07-20-2014 07:14 AM)cibo Wrote:  
(07-20-2014 03:14 AM)JJ Roberts Wrote:  Hmmm

Am surprised that the price seems so stuck at 620 right now.

Not even the Dell news moved it.
I actually bought a few bit coins since the Dell news was big to me. I missed out on the early bitcoin rallies but im coming around to the value proposition of the currency.


Congratulations and welcome to bitcoin. It is very likely that within a few years, you are going to also be considered an early adopter.

Buying now, you are likely in a good position for future profits, so long as you do NOT panic if the price goes down or sell too early. Additionally, if prices go down without any significant changes to the fundamentals, then that lowing of prices should be considered as further buying opportunities.



I understand that there are quite a few RVF members who are enthusiastic about bitcoin - yet maybe guys feel that there is NOT too much to talk about in bitcoin... and just HOLD, waiting for the next price bubble.

That bubble could occur this week, or it could occur in the next couple of months, or it could occur before the end of 2014, or it could occur in 2015, or maybe it will NOT occur. Any thoughts?

Really there has been ALOT of great bitcoin news in the last 6 months.. related to increased adoption, increased innovation, increased investments, and increased ability to liquidate... Surely, there have been some bad pieces of news too; however, there seems to be LITTLE evidence to establish that BTC is GOING DOWN in any kind of meaningful way (to zero or even below $400) any time in the near future. Any guys taking up new positions in BTC? or changing their holdings? Anyone losing or gaining passion(s) toward BTC investments? UPDATES?

In fact, this thread has been so dry in recent months, we have NOT even had any recent trolls or Bitcoin naysayers in this thread - NOT that trolls are the same as naysayers. You could be a bitcoin naysayer without being a troll, so long as you make a genuine attempt to back up your bitcoin naysaying. Anyhow, it would be refreshing to see some opinions, whether naysaying or NOT... however, naysayers need to be warned that they better have some good ammunition beyond mere opinions and feelings based on mainstream news dogma.... thoughts, anyone?
07-31-2014 03:37 PM
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strengthstudent Offline
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Post: #1815
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
It is possible that a new bubble will not occur in a long time(even years), but the price will keep slowly rising with many ups and downs.

I am still into bitcoin and follow the news but I am merely holding now and not all that enthusiastic because I got many other things going on. My trust in Bitcoin hasn't dropped one bit, I am very optimist about the future and expect the bitcoin to spread in popularity and rise in value when the time goes by. I don't think this train can be stopped unless something dramatical will happen.
08-01-2014 04:20 AM
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JayJuanGee Offline
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Post: #1816
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(08-01-2014 04:20 AM)strengthstudent Wrote:  It is possible that a new bubble will not occur in a long time(even years), but the price will keep slowly rising with many ups and downs.

I am still into bitcoin and follow the news but I am merely holding now and not all that enthusiastic because I got many other things going on. My trust in Bitcoin hasn't dropped one bit, I am very optimist about the future and expect the bitcoin to spread in popularity and rise in value when the time goes by. I don't think this train can be stopped unless something dramatical will happen.


Are you just keeping your BTC holdings steady, or are you dollar cost average investing into BTC on an ongoing basis?

If you are NOT increasing your BTC holdings, then what other investment vehicles would you suggest?

I have been increasing my BTC holdings b/c I expect a considerable upward trend in the near future (but like you said, it may take a while)...

Additionally, the upcoming upward trend may NOT be as big as previous upward trends, but I consider BTC to be fairly competitive investment and a good hedge against the dollar, as compared with other investments.
08-01-2014 04:43 AM
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strengthstudent Offline
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Post: #1817
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
I have been dollar cost averaging since January buying every one-two weeks usually trying to buy during lows. All I am saying is that I am not selling. I will consider selling 50% of my bitcoins when they cover over 100% of my original money invested, that way I have nothing to lose anymore, but all to gain. I will be having a huge lifestyle change soon(moving to a new country for a year) and have no idea of my future rate of expenses, which is why I cease to invest for a while and reconsider it in 3+ months.

By the way, anything can happen... bubble might still come out, it is as likely as it were 1-4 weeks ago. Everything is just so random. Nobody predicts shit. Even the most advanced technical analyses are wrong half of the time lol.
08-01-2014 07:52 AM
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JayJuanGee Offline
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Post: #1818
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(08-01-2014 07:52 AM)strengthstudent Wrote:  I have been dollar cost averaging since January buying every one-two weeks usually trying to buy during lows. All I am saying is that I am not selling. I will consider selling 50% of my bitcoins when they cover over 100% of my original money invested, that way I have nothing to lose anymore, but all to gain. I will be having a huge lifestyle change soon(moving to a new country for a year) and have no idea of my future rate of expenses, which is why I cease to invest for a while and reconsider it in 3+ months.

By the way, anything can happen... bubble might still come out, it is as likely as it were 1-4 weeks ago. Everything is just so random. Nobody predicts shit. Even the most advanced technical analyses are wrong half of the time lol.


hehehehe... Yes I understood the NOT selling part......

We certainly are in sync on that...

As you mentioned, when there are a lot of things going on in a guy's life, then he will have to let some things go into a holding pattern. makes sense.


I think that you are correct that we cannot really know for sure when a BTC bubble will come soon or, if at all. I would NOT characterize a potential bubble as quite random, even though there may be some manipulation going on. At the same time there may be forces at play in the back ground that may make it difficult to continue to keep manipulating down or up.... . when the time comes...

I would also continue to assert that BTC fundamentals are shaping up in a decent way... there continues to be good news and there is some bad news, too, but overall the good news including continued development, investment, adoption and liquidation avenues... makes for good upside BTC price potential... - even if it takes quite a bit of time and even if NO one is paying attention....

May NOT be a bad thing to come back to this kind of an investment after a break... and see what is the update, which there is a lot going on in the space - even when the price does NOT move too much.
(This post was last modified: 08-01-2014 08:18 AM by JayJuanGee.)
08-01-2014 08:14 AM
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Satoshi Offline
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Post: #1819
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Are anyone buying ether?
08-07-2014 03:00 PM
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JayJuanGee Offline
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Post: #1820
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(08-07-2014 03:00 PM)Satoshi Wrote:  Are anyone buying ether?


I am NOT into Ether, yet. What about you?


Regarding BTC, I saw this interesting chart.

https://www.tradingview.com/v/CawRUdgA/

It shows a real decent upside potential for BTC in the near future... ..


Although some guys, here, may say that we have been suggesting an "upside potential for BTC" for more than 9 months... and BTC has only been going down.

Yet, if you look at BTC, it was going down until late April/ early May, but then going up since then.. or at least somewhat flat, after some upside in late May.
08-08-2014 02:45 PM
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Satoshi Offline
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Post: #1821
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(08-08-2014 02:45 PM)JayJuanGee Wrote:  
(08-07-2014 03:00 PM)Satoshi Wrote:  Are anyone buying ether?


I am NOT into Ether, yet. What about you?


Regarding BTC, I saw this interesting chart.

https://www.tradingview.com/v/CawRUdgA/

It shows a real decent upside potential for BTC in the near future... ..


Although some guys, here, may say that we have been suggesting an "upside potential for BTC" for more than 9 months... and BTC has only been going down.

Yet, if you look at BTC, it was going down until late April/ early May, but then going up since then.. or at least somewhat flat, after some upside in late May.
No wont buy it as I don't understand much about it. Also they seem to have lots of buyers anyways. Should be at the top in the coinmarkecap once it's trade-able wont it?

The maidsafe guys will be on Kieser report next week two times next week hope the price will explode after that takes very little to move that market.

Yes that chart is good. $600 dollar is the new $130. Bubble before it was $12. If (or more like when) the price is to high to be true again I'll sell some and hope to get in cheaper, or if I can't just keep and spend the fiat. I've been doing this with maidsafe the last months and it's been going good. There is like no chance of doing a bad trade. If it never drops lower than that again I still got most of my bitcoins left, and I first have to spend all those fiat before I need to sell anymore bitcoins. Smile Should have done that at $1000 looking back.

This is interesting times indeed
(This post was last modified: 08-09-2014 03:36 PM by Satoshi.)
08-09-2014 03:22 PM
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strengthstudent Offline
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Post: #1822
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
I bought a very small amount of Ether just not to have any regrets later. I have been following the project closely for a long time and they got a HUGE team working on it with very competent people. I think ethereum can become big, but it is very uncertain what kind of a value the ether is going to have because it is more like a fuel for the engine, than a cryptocurrency in a common sense. That is to say, as an investment it could be worthless.
(This post was last modified: 08-10-2014 01:13 AM by strengthstudent.)
08-10-2014 01:12 AM
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Emancipator Offline
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Post: #1823
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Litecoin is tanking HARD.

Mother Nature is a bitch & Father Time has an undefeated record
"If you watch cinderella backwards, its about a woman who learns her place." --Kbell

demographics is destiny
08-12-2014 10:18 AM
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el mechanico
JayJuanGee Offline
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Post: #1824
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(08-12-2014 10:18 AM)Emancipator Wrote:  Litecoin is tanking HARD.

Yep, that is an interesting point, also, in respect to how LTC relates to BTC. People keep talking about the doom and gloom of BTC and how it is so flat and declining in the last 9 months and flat in the last 3 months-ish.

Yet compared to all of the other Alt coins, BTC is much more numero uno as compared with its place, even a year ago. In other words, BTC has taken on a higher percentage of the overall market share of crypto currencies, and this was even the case prior to the tanking of LTC, which began in fair earnest about 4 months ago, or more.. and then has been continuing quite significantly in the last week.

Surely, there may be some alt coin(s) that will take the position of BTC someday, or some alt coin(s) that can earn you a heck of a lot of money.... However, if you think that BTC is manipulated, even the "best" and "greatest" of the various alts are being manipulated greatly as compared with BTC. Sure there is still manipulation and ongoing manipulation in the BTC scene... but WHOAZA, when it comes to the manipulation and ongoing pumping and dumping of various alts...
08-12-2014 02:14 PM
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JayJuanGee Offline
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Post: #1825
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(08-09-2014 03:22 PM)Satoshi Wrote:  .......

This is interesting times indeed

Here is a link to a great recent article that describes various ways to measure bitcoin adoption rate.

It is nice to see these various kinds of developments around the world and these every changing times. ... and "interesting times," as you mentioned.


http://www.businessinsider.com/bitcoin-2014-8
08-12-2014 05:12 PM
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