I was wondering why Bitcoin took a dive in price. Now I know.

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phuketrichard
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by phuketrichard »

today at 11:30 $2,979 ( lowest in 1 month)
16:14 $3,562

High on sept 1st $4,950


https://www.coindesk.com/price/
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
Barang chgout
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by Barang chgout »

No expert for sure but it seems the blockchain thing is here for good but there is a lot of comparison of bitcoin to tulip bulbs....no?

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Barang chgout
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by Barang chgout »

So.....
China's out. How's your bitcoin doing today?

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Cruisemonkey
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by Cruisemonkey »

Bitcoin is a bubble and it WILL pop! A few - smart people who got in early and 'sell' at the right time, or just lucky ones - will make a fortune. The vast majority will lose everything.
You could be next.
bangkokhooker
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by bangkokhooker »

Rubbish. It's here to stay.

If it goes below $2k I'll stop posting for a week. If it goes pop I'll leave.
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Cruisemonkey
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by Cruisemonkey »

bangkokhooker wrote: Tue Sep 19, 2017 9:20 am If it goes below $2k I'll stop posting for a week. If it goes pop I'll leave.
You'll just reincarnate as a poorer sock. :P
You could be next.
Barang chgout
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by Barang chgout »

bangkokhooker wrote:Rubbish. It's here to stay.

If it goes below $2k I'll stop posting for a week. If it goes pop I'll leave.
Losing you doesn't hurt, keeping you is no gain....

To paraphrase.

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bangkokhooker
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by bangkokhooker »

Barang chgout wrote: Tue Sep 19, 2017 9:17 pm
bangkokhooker wrote:Rubbish. It's here to stay.

If it goes below $2k I'll stop posting for a week. If it goes pop I'll leave.
Losing you doesn't hurt, keeping you is no gain....

To paraphrase.

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Yet you chose to comment.

Smart.
OrangeDragon
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by OrangeDragon »

bangkokhooker wrote: Fri Sep 15, 2017 10:49 am
OrangeDragon wrote: Tue Sep 12, 2017 11:29 pm
AlonzoPartriz wrote: Tue Sep 12, 2017 10:54 pm
OrangeDragon wrote: Tue Sep 12, 2017 10:35 pm If you're interested in crypto, I suggest checking out SteemIt.Com.

A reddit style social media site, that pays you in STEEM crypto for upvotes to your posts/comments.


https://steemit.com/piratepistolproject ... l-finished
Any views on the other fountain apps out there? Do they really pay out when one gets to 500,000 or so?
Why wouldn't everyone just run ten apps or more on ten phones with macro scripts?
Cheers
Most of them are based on ad revenue. They pay, but they also have stuff in place to stop abuse... so it's hard to game it. SteemIt at least isn't really a fountain, but a project intended to build a social media platform based on the blockchain technology. It's still growing/work in process... but personally I really enjoy it. I've made about $200 off of it so far from posts, about $30 of which I have pulled out in cash just to prove I could. Though because of transaction fees it ended up being about $14 after I got it. Still more than Facebook/Tritter/Reddit have ever paid me for posting.

[I have one personal friend on there who referred me. He's been on it for about 2 years. Makes enough from it to pay his mortgage.]
That's interesting. Sounds ideal.
How many hours would you say that took to earn about?

Seems like a nice little earner.
Honestly, I couldn't say. I'd just go in there, write up a post (some about my time in Cambo even... making money off linking to 4-5 year old youtube videos with a 10 minute write up about them) and be done.
OrangeDragon
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Re: I was wondering why Bitcoin took a dive in price. Now I know.

Post by OrangeDragon »

As for the predictions that it's a bubble/will pop/etc... most of these crypto markets are speculation markets. Never put your life's savings in one. However, if you have a few hundred/thousand to play around with it can be fun and a decent little earner if played right. It's a sad and bitter person who comes in to talk about a thing JUST to bash on it though, especially when it something others are obviously enjoying. All those flavors, and you choose salty?

Personally, I don't see it going away for some time. And even then, only through some law/etc that stops it. Meanwhile, even with all of the China fear mongering, it's back up to nearly 4k. If you were one of the early adopters picking up coins for $10-$50 a pop... you're a very happy individual. And, it's all together likely that it would possibly reach 10k, in the next year. A pretty small margin if you're just getting in... which may explain a lot of the sour grapes and saltiness. Though instead of damning it, those individuals could take a small gamble on one of the lower price, but climbing, options like Monero or Litecoin. Monero is becoming popular with the various darkweb druggies instead of BTC now, so has a decent volume and will likely rise to some seriously high levels. Litecoin is just starting to stabilize to the level of Etherium, having exchanges accept it in exchange for other cryptos.

Most powerfully stable though will be those blockchains that are more than just the speculation currency, but are also part of an encoding system that is used in some practical application. Some are security models used to encode real world data (like forum posts), others are gaming engines, and so on... the intrinsic value of their function keeps them somewhat pegged to a baseline growth.

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