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Bitcoin carshing! mid 300s now and tumblin'

 
astor

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02/14/2014 02:07 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
bump
Anonymous Coward
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02/14/2014 02:17 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
I might look at it when it falls to 20 cents; and perhaps then I will buy 5 coins and invest a Dollar.

But on second thoughts, maybe not.

You can't eat bit coins!!!

LOL
Anonymous Coward
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02/14/2014 03:35 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Wow, lots of posts in here that don't seem to have any understanding on how it works. Please research for yourself by looking up how bitcoin works, there's a great semi-technical youtube which explains the blockchain very well. Once you understand the tech behind it you'll change your mind because it's that fundamental.

The blockchain is an amazing thing (from a high level understanding). It's mechanics are a very crude simulation of how reality is created moment to moment (creation of reality is at a much much higher frequency). Each block requires agreement by those in it's universe just like reality. Once it's confirmed by enough other people it becomes real and then a little longer it becomes history which makes it much harder to change, just like reality.

The biggest problem with bitcoin is that it's very scarce and people are holding on to it to try and make huge bucks. Doge on the other hand is very abundant and is thrown around like handfuls of dirt. The difference is that Doge derives it's value from the interest people have in it and interest in wanting to use it, everyone likes to get and give.
Anonymous Coward
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New Zealand
02/14/2014 03:45 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Wow, lots of posts in here that don't seem to have any understanding on how it works. Please research for yourself by looking up how bitcoin works, there's a great semi-technical youtube which explains the blockchain very well. Once you understand the tech behind it you'll change your mind because it's that fundamental.

The blockchain is an amazing thing (from a high level understanding). It's mechanics are a very crude simulation of how reality is created moment to moment (creation of reality is at a much much higher frequency). Each block requires agreement by those in it's universe just like reality. Once it's confirmed by enough other people it becomes real and then a little longer it becomes history which makes it much harder to change, just like reality.

The biggest problem with bitcoin is that it's very scarce and people are holding on to it to try and make huge bucks. Doge on the other hand is very abundant and is thrown around like handfuls of dirt. The difference is that Doge derives it's value from the interest people have in it and interest in wanting to use it, everyone likes to get and give.
 Quoting: Anonymous Coward 54346694


That might all be true, but the CASH, THE DOLLARS in bitcoin at the moment are not a relfection of people using it to buy thing.

The CASH AND DOLLARS in bitcoin at teh moment are mostly SPECULATORS, day traders, and pump and dumpers.

Not to mention the early adopters of whom many were also MINE_ HOLD _ SELL people.

I say to you that the majority of the bitcoins right now belong to speculators and early miners ( and there are a small number of people who own almost half of all bitcoins- proving my point)

WHen these guys run for the exits the price IN DOLLARS will go down to what it is worth as a medium of exchange ( if it survives the downward crash).

I'm thinking less that $10
Anonymous Coward
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02/14/2014 04:45 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
It's at $580 dickhead. Sounds like you're linked up to PBS Kids or suh uh.
 Quoting: Anonymous Coward 25475408


No it's not dickbrain. It's now at $334. Even lower!

Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes.

It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell.
Anonymous Coward
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02/14/2014 05:21 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
It's at $580 dickhead. Sounds like you're linked up to PBS Kids or suh uh.
 Quoting: Anonymous Coward 25475408


No it's not dickbrain. It's now at $334. Even lower!

Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes.

It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell.
 Quoting: Anonymous Coward 54348549


can you explain what is behind the HUGE difference between mtgox and stamp price?
Anonymous Coward
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02/14/2014 05:46 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
positive black swan event
Anonymous Coward
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02/14/2014 05:48 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
It's at $580 dickhead. Sounds like you're linked up to PBS Kids or suh uh.
 Quoting: Anonymous Coward 25475408


No it's not dickbrain. It's now at $334. Even lower!

Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes.

It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell.
 Quoting: Anonymous Coward 54348549


can you explain what is behind the HUGE difference between mtgox and stamp price?
 Quoting: Anonymous Coward 46284758


My understanding is xe, which is considered among the most reliable of forex sites, takes the average of various exchanges.

Unless there is some arbitrage potential, the difference could be down to some exchanges only willing to buy at a certain strike price (i.e. much lower than what is apparently being shown within a localized exchange like mtgox, maybe because they know the goose is cooked). I would not be ignoring the current 350ish being shown on xe.
Anonymous Coward
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02/14/2014 05:50 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
It's at $580 dickhead. Sounds like you're linked up to PBS Kids or suh uh.
 Quoting: Anonymous Coward 25475408


No it's not dickbrain. It's now at $334. Even lower!

Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes.

It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell.
 Quoting: Anonymous Coward 54348549


can you explain what is behind the HUGE difference between mtgox and stamp price?
 Quoting: Anonymous Coward 46284758


My understanding is xe, which is considered among the most reliable of forex sites, takes the average of various exchanges.

Unless there is some arbitrage potential, the difference could be down to some exchanges only willing to buy at a certain strike price (i.e. much lower than what is apparently being shown within a localized exchange like mtgox, maybe because they know the goose is cooked). I would not be ignoring the current 350ish being shown on xe.
 Quoting: Anonymous Coward 54349639


I've been following gox, btce, stamp and xe,

seems that xe goes directly off mtgox
Apocalypse TrollModerator
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02/14/2014 05:50 AM

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Re: Bitcoin carshing! mid 300s now and tumblin'
This thread is so retarded, OP is ignorant.
Average is around 600 - most have yet to remove a defunct exchange (MTGOX) from their price averages:

[link to bitcoinwisdom.com]

It is volatile, that is a fact.


I suggest you do your own research instead of listening to people with agendas.
attxflag
"Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible."

[link to www.statutes.legis.state.tx.us]
Anonymous Coward
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02/14/2014 05:51 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
...


No it's not dickbrain. It's now at $334. Even lower!

Check it out: [link to www.xe.com] though it is so volatile could be 50-100 up or down on 334 within minutes.

It's not looking pretty. Bury your head all you want, but bitcoin has had it's day in the sun, and it's sunburnt to hell.
 Quoting: Anonymous Coward 54348549


can you explain what is behind the HUGE difference between mtgox and stamp price?
 Quoting: Anonymous Coward 46284758


My understanding is xe, which is considered among the most reliable of forex sites, takes the average of various exchanges.

Unless there is some arbitrage potential, the difference could be down to some exchanges only willing to buy at a certain strike price (i.e. much lower than what is apparently being shown within a localized exchange like mtgox, maybe because they know the goose is cooked). I would not be ignoring the current 350ish being shown on xe.
 Quoting: Anonymous Coward 54349639


I've been following gox, btce, stamp and xe,

seems that xe goes directly off mtgox
 Quoting: Anonymous Coward 46284758


But check xe right now, 330. And gold and silver are off to the races as we speak. Something is up.
Anonymous Coward
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02/14/2014 05:52 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
I have always felt uneasy about bitcoin. It's just a fad backed by nothing, sort of like the US dollar.

I'd rather have something that I can hold in my hands like gold, silver, or lead.
 Quoting: samanthasunflower


:)
Anonymous Coward
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02/14/2014 05:53 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
This thread is so retarded, OP is ignorant.
Average is around 600 - most have yet to remove a defunct exchange (MTGOX) from their price averages:

[link to bitcoinwisdom.com]

It is volatile, that is a fact.


I suggest you do your own research instead of listening to people with agendas.
 Quoting: Apocalypse Troll


Wait and see. Xe is the harbinger of bitcoin doom.

I'm sorry that you have to defend bitcoin, but I hope you don't lose your shirt. No agenda here. ALL THE more power to you if you can make some bucks from it, but I'm staying away.
Apocalypse TrollModerator
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User ID: 19827255
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02/14/2014 06:11 AM

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Re: Bitcoin carshing! mid 300s now and tumblin'
This thread is so retarded, OP is ignorant.
Average is around 600 - most have yet to remove a defunct exchange (MTGOX) from their price averages:

[link to bitcoinwisdom.com]

It is volatile, that is a fact.


I suggest you do your own research instead of listening to people with agendas.
 Quoting: Apocalypse Troll


Wait and see. Xe is the harbinger of bitcoin doom.

I'm sorry that you have to defend bitcoin, but I hope you don't lose your shirt. No agenda here. ALL THE more power to you if you can make some bucks from it, but I'm staying away.
 Quoting: Anonymous Coward 54349639


I don't own any bitcoin, and will not. It is a bear market for all cryptos except one or two.

I just hate seeing misinformation and lies spread like truth.

The crypto market is capitalized with many billions in currencies from all over the world. It is, after all, just another currency.
attxflag
"Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible."

[link to www.statutes.legis.state.tx.us]
Anonymous Coward
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China
02/14/2014 06:42 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
This thread is so retarded, OP is ignorant.
Average is around 600 - most have yet to remove a defunct exchange (MTGOX) from their price averages:

[link to bitcoinwisdom.com]

It is volatile, that is a fact.


I suggest you do your own research instead of listening to people with agendas.
 Quoting: Apocalypse Troll


Wait and see. Xe is the harbinger of bitcoin doom.

I'm sorry that you have to defend bitcoin, but I hope you don't lose your shirt. No agenda here. ALL THE more power to you if you can make some bucks from it, but I'm staying away.
 Quoting: Anonymous Coward 54349639


I don't own any bitcoin, and will not. It is a bear market for all cryptos except one or two.

I just hate seeing misinformation and lies spread like truth.

The crypto market is capitalized with many billions in currencies from all over the world. It is, after all, just another currency.
 Quoting: Apocalypse Troll


nope. no lies being told here whatsoever. xe has it plain as day.
Anonymous Coward
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02/14/2014 08:03 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Xe is just parroting the MTgox rate, obviously that uis lower as people are desperate to get out of it since they cancelled withdrawels.

As an exchange its done.

Bitstamp is the true reflection of price and that is running at $633
Anonymous Coward
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02/14/2014 09:13 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
LMAO

MT GOX, was not accurate when the price was 130$ above every other exchange.

I told this to every dumbass trying to sell me some.

Mt GOX, is still not accurate when its 300$ below the established exchange rate.

All this proves is that, MT GOX...is useless at setting a price, and a dangerous place to ever even consider having a bitcoin trade/hosting/wallet.

mt gox is going to disappear...it is irrelevant
Anonymous Coward
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02/14/2014 09:38 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Bitcoin $ 7,778,066,438 $ 627.50 12,395,325 BTC $ 93,966,707 -3.03 %
Roninmd

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02/14/2014 10:28 AM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Despite the drop and being illegal in their country, the Chinese are buying it up. This must tell you something.

For me this is a buying opportunity.

[link to fiatleak.com]

Last Edited by Roninmd on 02/14/2014 10:48 AM
Roninmd
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02/14/2014 01:13 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Oh the humanity

Next stop $180? I feel sorry for anyone gambling with such digital games, but the writing was on the wall from the beginning.

Now at $365 on xe.com
 Quoting: Anonymous Coward 54340105


Wow, get a grip people its not going anywhere but up in the near future.
Currently was trading around $675, who said it was going be worth $100 today?
Wrong!
Anonymous Coward
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02/14/2014 01:37 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Oh the humanity

Next stop $180? I feel sorry for anyone gambling with such digital games, but the writing was on the wall from the beginning.

Now at $365 on xe.com
 Quoting: Anonymous Coward 54340105


Wow, get a grip people its not going anywhere but up in the near future.
Currently was trading around $675, who said it was going be worth $100 today?
Wrong!
 Quoting: Anonymous Coward 9026959


you do realize it's nothing but a piece of algorithm / software which eventually will be obsolete and replaced with faster and more secure alternatives.
Anonymous Coward
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02/14/2014 02:06 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Roninmind, where or how are you buying?

Thanks!
Anonymous Coward
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United States
02/14/2014 02:06 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Roninmind, where or how are you buying?

Thanks!
Anonymous Coward
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United Kingdom
02/14/2014 02:16 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
well mt gox is currently selling at $446.90

and crypto-trade is at $651.01

[link to scrnch.me]

so buy on mtgox and sell at crypto-trade easy $205 profit

an even better currency is unobtanium it was $2.70 a few weeks ago and now it's $21.98

it has a maximum of 250,000 coins and will be blasting past bitcoin in the near future
Anonymous Coward
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02/14/2014 02:34 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Mt. Gox won't let you withdraw coins. that is why everyone is selling to get their money out.
Anonymous Coward
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02/14/2014 02:35 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
Carshing?
Anonymous Coward
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02/14/2014 02:38 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
well mt gox is currently selling at $446.90

and crypto-trade is at $651.01

[link to scrnch.me]

so buy on mtgox and sell at crypto-trade easy $205 profit
 Quoting: Anonymous Coward 23308411


Seriously?

an even better currency is unobtanium it was $2.70 a few weeks ago and now it's $21.98

it has a maximum of 250,000 coins and will be blasting past bitcoin in the near future
 Quoting: Anonymous Coward 23308411


What?
Anonymous Coward
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02/14/2014 02:42 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
I'm just sitting here listing about this bitcoin shenanigans, while im stacking my large amounts of Mexican pesos, bitches.
Anonymous Coward
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United Kingdom
02/14/2014 02:43 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
well mt gox is currently selling at $446.90

and crypto-trade is at $651.01

[link to scrnch.me]

so buy on mtgox and sell at crypto-trade easy $205 profit
 Quoting: Anonymous Coward 23308411


Seriously?

an even better currency is unobtanium it was $2.70 a few weeks ago and now it's $21.98

it has a maximum of 250,000 coins and will be blasting past bitcoin in the near future
 Quoting: Anonymous Coward 23308411


What?
 Quoting: Anonymous Coward 54320540


apparently you can't withdraw on mt gox so it is probably gonna fail soon.

as for unobtanium all the info is here

[link to bitcointalk.org]

and check the price here

[link to unoticker.com]

cryptsy has it listed UNO
Roninmd

User ID: 20458606
United States
02/14/2014 03:19 PM
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Re: Bitcoin carshing! mid 300s now and tumblin'
well mt gox is currently selling at $446.90

and crypto-trade is at $651.01

[link to scrnch.me]

so buy on mtgox and sell at crypto-trade easy $205 profit
 Quoting: Anonymous Coward 23308411


Seriously?

an even better currency is unobtanium it was $2.70 a few weeks ago and now it's $21.98

it has a maximum of 250,000 coins and will be blasting past bitcoin in the near future
 Quoting: Anonymous Coward 23308411


What?
 Quoting: Anonymous Coward 54320540


apparently you can't withdraw on mt gox so it is probably gonna fail soon.

as for unobtanium all the info is here

[link to bitcointalk.org]

and check the price here

[link to unoticker.com]

cryptsy has it listed UNO
 Quoting: Anonymous Coward 23308411


When MTGOX gets their shit straight, you want to be ready to buy before it rises on their exchange.
Roninmd





GLP