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Bitcoin billionaires

Indiana

Well-known member
Feb 23, 2010
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User 123

New member
Jan 21, 2017
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Good call.
People should have listened to this person lol.
More like you should have bought bitcoin a few hours ago when it was at 14k. Now it’s 18k. It will bounce back, it’s just very volatile. Still worth buying now imo. Just trying to get more funds into the exchange...

If you have coins now. Don’t freak out. Hold them.
 

Indiana

Well-known member
Feb 23, 2010
3,618
1,406
113
More like you should have bought bitcoin a few hours ago when it was at 14k. Now it’s 18k. It will bounce back, it’s just very volatile. Still worth buying now imo. Just trying to get more funds into the exchange...

If you have coins now. Don’t freak out. Hold them.
Wrong.
 

Insidious Von

My head is my home
Sep 12, 2007
38,090
6,425
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More like you should have bought bitcoin a few hours ago when it was at 14k. Now it’s 18k. It will bounce back, it’s just very volatile. Still worth buying now imo. Just trying to get more funds into the exchange...

If you have coins now. Don’t freak out. Hold them.
No it won't. Bitcoin is a classic case of Tulip Fever.

The only reason it stabilized, The Luxembourg Money Exchange stepped in. They were the only buyers. Get out while you can.
 

Mencken

Well-known member
Oct 24, 2005
1,047
40
48
Hmm... I don't think 4 million have been lost...they just haven't been mined yet.
 

Garden of Eden Ladies

#1 Gem Finder!
Supporting Member
Bitcoin is not going anywhere soon. Its got too much of a head start on the other Altcoins. Most merchants only know how to accept Bitcoin, not too many people understand or know about the other available crypto currencies.


I know this might be a little off topic, but did you know that Garden of Eden Ladies now accepts Bitcoins and also other "Alt"coins like Ethereum? Message me for more details.



Thanks



Nicole King
 

NiceToMeetYou

Active member
Oct 24, 2010
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I think the Bitcoin thing is virtual and not real money. Its perception of "virtual values" go up and down perhaps by manipulation of the Bitcoin's creators / manipulators. It plays on the psychology of people's greeds. Once there is no more feeds (moneys) being fed into the pools with drainage, it will collapse and hurt many people financially.

Get out of it before you will get hurt again.
 
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kono

Member
May 19, 2009
523
0
16
People are literally losing there shit over this

A lot of people are going to lose a lot of money trading (bag holders). If they haven't already. You have companies announcing there gong to get into bitcoin / blockchain and the stock goes up 200% - 300% then crashes. Leaving all the bag holders hoping it'll go back up. I see it all the time in the markets NETE is a great example of that
For this digital currency to have any viability it's got to be a hell of a lot more stable. Imagine you're a store owner and you sold a TV for bitcoins. The next day that currency goes down lot. In effect he's lost money now. The currency has to marinate for a couple years imo.

Then you have Quantum computers just around the corner. It wouldn't take much for a quantum computer to decrypted a 128 bit encryption level. It would try every single combination at once given you had enough cubits. DWAVE currently has a 1000 cubit Quantum computer. The level of data you can go through is astronomical. Something that would take a conventional computers years to do, it would only take a quantum computer seconds. Digital currencies have lot of obstacles. Personally I'll stick to what work, the almighty dollar.

That's my 2 pennies
 

Smallcock

Active member
Jun 5, 2009
13,703
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Digital currency is the future, one way or another.
 

Smallcock

Active member
Jun 5, 2009
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lomotil

Well-known member
Mar 14, 2004
6,280
1,162
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Oblivion
The crash will come and it will be painful from this shell game and house of cards. It only takes a little spark to create a massive downgrade and inferno that no central government can put out.
 

Smallcock

Active member
Jun 5, 2009
13,703
21
38
The crash will come and it will be painful from this shell game and house of cards. It only takes a little spark to create a massive downgrade and inferno that no central government can put out.
It's times like this when people panic and sell at a loss. Only two things should happen: 1) Hold or 2) Wait for it to crash and buy more.
 

rhuarc29

Well-known member
Apr 15, 2009
9,591
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Only two things should happen: 1) Hold or 2) Wait for it to crash and buy more.
That logic served me well during the recession. But Bitcoin is a little different.

Bitcoin is now down 68% from it's peak in mid-December. But I think people forget that Bitcoin already had a major crash. It was 93% down over a 2-month period in, eerily enough, the same 2-mo stretch (December - February), but back in 2013/14.
The important thing to note about Bitcoin is that it will always have its uses. That said, governments can severely hurt Bitcoin with regulation, and they have a reason to do so. That is why I don't hold Bitcoin. Though I do congratulate those who have made a killing on it!
 

glamphotographer

Well-known member
Nov 5, 2011
15,901
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Canada
The crash will come and it will be painful from this shell game and house of cards. It only takes a little spark to create a massive downgrade and inferno that no central government can put out.
Some believe that's what will spark the next financial crisis. If the US housing market doesn't crash again like in the movie the Big Short.
 
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