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Bitcoins

Discussion in 'General Chat' started by helloworld, Nov 18, 2013.

  1. Scott7

    Scott7 Membership: Trader

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    Yeah, there's been a fair bit of discussion about this, and whether ethereum will face similar issues to bitcoin in the future. Personally, I think they're both good, it's just that they have different functionality.

    Absolutely. It's dropped off a bit now, but hopefully another surge upwards isn't far away.
     
  2. Scott.L

    Scott.L Membership: Trader

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    Bitcoin Block Reward Halving Countdown
    22 DAYS 22 HOURS 22 MINUTES 22 SECONDS - whose counting
     
  3. Scott7

    Scott7 Membership: Trader

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    Not me :D
     
  4. Scott.L

    Scott.L Membership: Trader

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    [​IMG]

    Welll as they say stocks rise on the stairs and go down in elevators....
     
  5. Scott.L

    Scott.L Membership: Trader

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    Welll as they say stocks rise on the stairs and go down in elevators....
     
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  6. Scott.L

    Scott.L Membership: Trader

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  7. Scott7

    Scott7 Membership: Trader

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    Do you think it's had its run thus time round and will continue to go down?
     
  8. Scott.L

    Scott.L Membership: Trader

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    Bitfinex has allot to do with it....BTC is in a long term upward trend, profit taking is part of the game and it's heading back to support ...It's a long hold. Unless you dare trade it. There is news that governments are feeling threatned by it...not suprised it's the next generation of market value transfers....even the ASX is involved to create a faster settlement to trade. BTC could one day be worth $1,000,000.00 per coin it is not unrealistic but for that to happen the world requires a monumental shift in realising it's the only future for absolute security of financial instruments.
     
  9. Scott.L

    Scott.L Membership: Trader

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    4 years ago it was $0.07c last week $1,100.00 that is an investors wet dream
     
  10. Scott7

    Scott7 Membership: Trader

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    Tomorrow would be good. Let's make it a quick monumental shift. :cool:
     
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  11. helloworld

    helloworld Membership: VIP

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    oh god please, monumental shift to 1million now please, gogogogogogo haha
     
  12. snoopy

    snoopy Membership: VIP

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    Actually yes, that is completely unrealistic.
     
  13. Scott7

    Scott7 Membership: Trader

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    So were 7 and 8 figure domain name sales back in 1995 ;)
     
  14. Scott.L

    Scott.L Membership: Trader

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    Mate 4 years feels like yesterday....
    Was it unrealistic to go from $0.07 to $1100.00 in 4 years? In 4 years time $100k is possible.
     
  15. Scott7

    Scott7 Membership: Trader

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  16. snoopy

    snoopy Membership: VIP

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    Yes it was unrealistic, if it was realistic you would have bought at 7 cents. This is a case of the horse already bolting. When something goes up 15,000 fold that is something completely unexpected.

    If lots of people expect that there is no chance of it happening. It is a bit like today's lottery number being 1, 13, 38, 21, 22, 39, then someone says,

    "Well next weeks numbers will be 1, 13, 38, 21, 22, 39. Of course that is likely, it happened last week didn't it?"

    Actually no it is highly unlikely, it is taking the unlikely event that just happened then thinking it is the norm,

    In short people should stop trying to make money from gambling (bitcoin) and think about a business model.
     
  17. Scott.L

    Scott.L Membership: Trader

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    Snoopy the reason bitcoin is successful is because it's useful as a business model...ethereum uses it perfectly and the advancement of its use within the utility sector is realised, the ASX is looking to implement it for trading settlements, the world is moving toward the blockchain because we now have the technology skills to utilise it.

    Bitcoin years ago is like a junior penny stock explorer you would never believe Syria resources SYR was just $0.05c 3 years ago yet the lithium boom made it at $7 stock in 12 months....bitcoin was new and untested at $0.07c but people did buy it "speculating" it's potential and it grew as it found application in the real world of business. Even it's current price it's cheap when you realise the world is migrating toward a decentralised proof of stake proof of work blockchain.
     
  18. Scott.L

    Scott.L Membership: Trader

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    If you can be bothered

    It's not a pumped up speaker it's the real deal.
     
  19. findtim

    findtim Membership: VIP

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    i think the people who will make money out of bitcoin are already OUT and enjoying being back to cash

    tim
     
  20. Scott.L

    Scott.L Membership: Trader

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    That's NOT what the bitcoin price reflects Tim, more and more companies are doing the opposite and using their cash to enter cryptocurrency.