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 Replies: 128 / Views: 18,821 |
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Pillar of the Community
United States
919 Posts |
Anything that can go from $34 to $140 in less then a month is not for me. It is not going to end well for many.
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Pillar of the Community
United States
1796 Posts |
Aye the Bitcoin has worked its way into a bad bubble in the past few weeks and is about ready to pop.
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Pillar of the Community
United States
2168 Posts |
And I just saw it was hacked I really don't understand them well nor did I think they couldn't be hacked or tracked.
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Valued Member
United States
264 Posts |
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Pillar of the Community
United States
1391 Posts |
Bitcoin wasn't hacked. A website that used bitcoins was hacked. It wasn't even hacked. It was subject to a denial of service attack. For those none technical people, if hacking is like having your car broken into and things stolen, a denial of service attack is like trying to get on the freeway during rush hour traffic, except with a bunch of fake cars driving around instead of legitimate commuters. Two totally different things. To say bitcoin was hacked (in this circumstance) is like saying the U.S. dollar was hacked because ebay was hacked. Nothing happened to the U.S. dollar, something happened to a website that used U.S. dollars. Not sure if that is any clearer or not. |
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Valued Member
 United States
239 Posts |
Makes plenty of sense to me but I know what a ddos attack is =P
I can't figure out the BTC market either. All I know is if everybody sold their silver and bought in when I posted this, you'd be very happy right now selling your BTC, buying silver back at amazing prices and putting the rest of your $$ into your savings acct.
Litecoins went from pennies to $4+
It keeps going and going and going. Even if it is a bubble and it pops, it will never go back down below $8 again. I think if it does pop, $50ish would be a conservative practical value IMO.
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Pillar of the Community
United States
919 Posts |
Hope everyone got out safe. Bitcoins dropped from $260 to a low of $105 at one point today. No thank you.
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Pillar of the Community
United States
2168 Posts |
Wow I had read when around $150. What a crash. Hope the gvmt doesn't try to regulate now to protect us!
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Rest in Peace
United States
2668 Posts |
Let me assure you, their aim is not to protect you.
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Pillar of the Community
United States
2168 Posts |
I know. It was kind of a sarcasm!
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Valued Member
United States
264 Posts |
Getting out safe is measured in ounces not $$$$!  |
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Valued Member
Canada
281 Posts |
Now that the central banks pumped and dumped bitcoin
Watch the media trash talk it now.
Earlier in this thread, I mentioned how long can it
last outside the banking system? They didn't waste too
much time. Although it's still higher than the price of silver,
the psychological warfare against bitcoin will commence.
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Valued Member
Canada
281 Posts |
That's what it looked like in real time  |
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Valued Member
Canada
281 Posts |
http://www.shtfplan.com/headline-ne...urs_04102013A billion $ vaporized in just a few hours... If I were a merchant thinking of supporting this bitcoin cause by accepting crypto cash, well my thinking just ended. Who in their right mind is going to want to deal in this form of payment? The risk in losing money outweighs the rewards by far. This take down could very well be Bitcoin's Swan Song
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Pillar of the Community
United States
2168 Posts |
I know. But there are some that do and maybe had them before this vast price change so not too much effect except thinking they were richer for a few days!
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Replies: 128 / Views: 18,821 |
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Posted 04/03/2013 10:54 pm
