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 Replies: 19 / Views: 5,211 |
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Moderator
 Canada
10458 Posts |
I got rid of the last of mine yesterday morning... thankfully, it was one heck of a wild ride today in the markets... it is just a bit too volatile for me, and going to put my profits in Canadian silver maple leaf bullion... http://www.theverge.com/2013/4/10/4...ssive-run-up"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
United States
1200 Posts |
I think your move was prudent and timely. Now that the seismograph needle is twitching wildly, it'll be interesting to see what comes next.
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Pillar of the Community
Canada
834 Posts |
Sold all mine off a couple days ago
made out like a bandit.
Will see how this plays out over the next month maybe ill buy back in if the price is right
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Bedrock of the Community
United States
36745 Posts |
You'll never go broke taking a profit.
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Valued Member
Canada
281 Posts |
A bitcoin holiday!!
I can't get my money when I want to, either because there's a sell off and the system can't handle it
or because the administrator decides to close shop to have a "cooling off period". Just wonderful
Didn't Cypress banks just pulled off this kind of crap?
The whole idea behind this "cause" is now proven to be a bad joke.
The supposed antithesis to the banking system is now resembling it
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Pillar of the Community
Canada
2019 Posts |
Dont have any, not sure I want any either considering you need bigger and more powerful computers just to keep up with the mining.
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Valued Member
United States
264 Posts |
I dumped my Litecoins before the dive. Please note that I never bought a single crypto-coin and do not advocate them as investments. Rather, I am a miner who just pumped & dumped.  |
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Valued Member
Canada
442 Posts |
I remember hearing of them back when they were about $2 dollars a piece. Too bad stupid me is a stubborn mule and just couldn't wrap my head around algorithm mining and the like.
Oh well, easy come easy go I guess. Btw, what do you guys use to track bitcoin price? mt gox is down, and I'm trying to find an alternative.
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Valued Member
United States
264 Posts |
Well that is the reason for the drop in price... mostly. Mt. Gox was the primary trading platform and there was to much upward demand to keep up so it crashed. Going forward, other free market companies are coming in to fill the gap. I say give it 30 days and the craze will be back, maybe stronger than ever. Many in the Bitcoin community see this as growing pains. Remember, the market is still alive. Right now people are still trading these coins for barter outside of BTC/USD trades. This is not the end, just a event. Does anyone remember BATS or am I alone in wanting to make a correlation to the DJI? |
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Pillar of the Community
5464 Posts |
If I was organized crime, a drug cartel or the PDRK, I would use bitcoin to launder money.
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Moderator
United States
34409 Posts |
Interesting thread to reboot @ussis18! I wonder if @fat freddy still agrees with what he wrote back in 2013: Quote:
I think your move was prudent and timely. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Bedrock of the Community
13014 Posts |
Quote:
If I was organized crime, a drug cartel or the PDRK, I would use bitcoin to launder money. North Korea is aggressively targeting the exchanges, they succeeded against one of the South Korean ones and brought it down after wiping it out earlier in the week which is when the drop started. Assuming the exchanges can fend off hacking there will be a future for it, the only question is at what price Edited by basebal21
12/23/2017 12:01 am
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Pillar of the Community
5464 Posts |
Quote:
North Korea is aggressively targeting the exchanges, they succeeded against one of the South Korean ones and brought it down after wiping it out earlier in the week which is one the drop started. It's only a matter of time before we hit them with a major cyberattack and shut their lights off for good! Edited by USSID18
12/22/2017 11:54 pm
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Pillar of the Community
United States
3479 Posts |
Quote:
Interesting thread to reboot @ussis18! I wonder if @fat freddy still agrees with what he wrote back in 2013: Hindsight is ALWAYS 20/20. Edited by MikeF
12/23/2017 12:25 am
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Pillar of the Community
United States
3789 Posts |
One thing I must say is this-
GOLD is NOT going down in price because of bitcoin, for the love god, I have no respect for anyone who says that or believes it. I dont care if anyone gets offended by that or not either, just stop, saying that really says a lot of ones intelligence.
Cryptos are their own SEPARATE asset classes, nothing more nothing less. Cryptos are here to stay, they are not going away, as time goes on the will become ubiquitous like rabbits and are just another way of converting cash to make payments. they have ZERO connection or impact on gold or any other asset class. Also, as time goes on, cryptos will become more stable and their true market value will become apparent.
one should embrace this new asset class, this new form of payment.
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Pillar of the Community
5464 Posts |
Quote:
Interesting thread to reboot @ussis18! I wonder if @fat freddy still agrees with what he wrote back in 2013:
Looks like Fat Freddy hasn't been here since 04/15/2014. |
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Replies: 19 / Views: 5,211 |
Posted 04/10/2013 7:50 pm
