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https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal
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# ? Sep 4, 2017 20:16 |
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# ? Apr 27, 2024 08:06 |
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CaptainSarcastic posted:
lol.
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# ? Sep 4, 2017 20:23 |
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divabot posted:loving Magic(tm). The bitcoin fairy! I love it!
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# ? Sep 4, 2017 20:37 |
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CaptainSarcastic posted:
this is actually good for Bitcoin, because
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# ? Sep 5, 2017 10:22 |
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Tenzarin posted:The bitcoin fairy! I love it!
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# ? Sep 7, 2017 19:27 |
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Are bitcoins funny yet? https://www.youtube.com/watch?v=vqNEdDaFLCM
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# ? Sep 10, 2017 06:24 |
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https://www.nytimes.com/2017/09/14/business/china-bitcoin-exchange.html
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# ? Sep 15, 2017 19:14 |
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China kicked off the current crash a couple of weeks ago by banning ICOs as well. Chinese miners are probably next. faux legitimate drug currency
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# ? Sep 15, 2017 19:20 |
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quote:Though the moves by the Chinese authorities this month have resulted in declines in the value of Bitcoin, some argue that they will allow for a more even geographic distribution in the online currency’s trading and mining. at everyone who put money into crypto god drat the world is full of stupid people.
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# ? Sep 15, 2017 19:48 |
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LethalGeek posted:What hopeful idiot wrote this bullshit? The only reason folks in china got in on this as it was a convoluted way to turn Yuan into Dollars. someone missed the wagon
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# ? Sep 15, 2017 19:56 |
It's mostly rebounded in price already, at least to around 4k Will be interesting to see what it does at the end of the month
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# ? Sep 15, 2017 20:00 |
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It's so funny how people talk about the price of bitcoin like it's something that's decided by market forces and isn't blatantly manipulated.
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# ? Sep 15, 2017 20:14 |
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Stefan Prodan posted:It's mostly rebounded in price already, at least to around 4k What's happening at the end of the month ?
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# ? Sep 15, 2017 20:15 |
That's when China is gonna try to shut down their bitcoin exchanges, according to this article
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# ? Sep 15, 2017 20:23 |
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HerStuddMuffin posted:It's so funny how people talk about the price of bitcoin like it's something that's decided by market forces and isn't blatantly manipulated. https://twitter.com/Bitfinexed/status/908718464671641602 that's someone buying 50,000 BTC - note that 100 BTC of trading can noticeably affect the price - on Bitfinex, an exchange that doesn't have loving banks. It's wash trading to manipulate the price up because otherwise Bitfinex would have hit a lot of margin calls. That's how the price went up $600 in four hours.
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# ? Sep 15, 2017 22:48 |
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hahaha Russia and North Korea are considering adopting bitcoin, what could go wrong https://cointelegraph.com/news/russia-is-working-on-legalizing-status-of-bitcoin-other-cryptocurrencies-rt https://www.bloomberg.com/news/articles/2017-09-14/coincidence-or-not-north-korea-china-and-the-bitcoin-bears Captain Gordon fucked around with this message at 22:56 on Sep 15, 2017 |
# ? Sep 15, 2017 22:53 |
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Where are the sells if it's a wash trade?
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# ? Sep 15, 2017 22:57 |
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Jeffrey of YOSPOS posted:Where are the sells if it's a wash trade? Keep them in the sellar for winter.
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# ? Sep 15, 2017 23:29 |
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Captain Gordon posted:hahaha Russia and North Korea are considering adopting bitcoin, what could go wrong I mean, Russia's ransomware industry already runs on it...
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# ? Sep 15, 2017 23:31 |
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LanceHunter posted:I mean, Russia's ransomware industry already runs on it... a fair point
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# ? Sep 15, 2017 23:34 |
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LanceHunter posted:I mean, Russia's ransomware industry already runs on it... "We're just legitimizing a particular market segment that our upper-middle class leans heavily on."
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# ? Sep 15, 2017 23:37 |
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http://money.cnn.com/2017/09/15/technology/china-bitcoin-exchanges-prices-crash/index.htmlquote:Two of the country's most prominent bitcoin exchanges, BTC China and Via BTC, said they will halt trading this month. BTC China has also stopped registering new users, it said in a statement posted on social media. lol
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# ? Sep 18, 2017 21:24 |
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i bet it reaches or already reached 6k by the end of the year.
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# ? Sep 18, 2017 21:33 |
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scott zoloft posted:i bet it reaches or already reached 6k by the end of the year. all money has traces of cocaine on it in bitcoin you can theoretically see which one of your coins was used to bid on a sri lankan teen
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# ? Sep 18, 2017 21:36 |
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SCROTO TURBOSPERG posted:all money has traces of cocaine on it i've been keeping track. it's the shiny .0036 piece i set aside for a rainy day.
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# ? Sep 18, 2017 21:38 |
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China told exchange operators to not leave Beijing this is good for bitcoin hahahahahahahahah
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# ? Sep 20, 2017 07:05 |
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This way it will be more convenient to round them up and take them to the
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# ? Sep 20, 2017 12:23 |
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LethalGeek posted:China told exchange operators to not leave Beijing this is good for bitcoin hahahahahahahahah I guess they're gonna find out what mining really is
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# ? Sep 20, 2017 12:34 |
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How are drug dealers able to accept bitcoin if they can't get real money out of the exchanges? Overseas banks + higher laundering fees?
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# ? Sep 21, 2017 05:55 |
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Topographic Nap posted:How are drug dealers able to accept bitcoin if they can't get real money out of the exchanges? Overseas banks + higher laundering fees? BTC-E was money laundering organization masquerading as an exchange, I'm sure a few others are as well.
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# ? Sep 21, 2017 06:05 |
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Every single person that said that bitcoins were a scam, had no inherent value, that they were going to collapse, that the exchanges were fake, that you'd lose money mining them, and that it's used for drug transactions / money laundering is as wrong as it is possible to be wrong while still alive It's impressive that if you wanted to find the world's biggest idiots, empirically, you simply need go back over the past 5-6 years and find everyone that bravely warned people against Buttcoins while acting smug about how right they are. Some of them are still posting in this thread, which owns.
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# ? Oct 5, 2017 21:15 |
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bitcoins are stupid and a pathetic scam
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# ? Oct 5, 2017 21:17 |
I mean, nobody ever said it wouldn't go up before crashing I'm not even saying it won't go to 20,000 I'm just saying it's totally unpredictable and therefore not a good investment, also people were posting evidence earlier that the price is being manipulated and there's probably other shady poo poo that you can do when you don't have an SEC
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# ? Oct 5, 2017 21:17 |
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Stefan Prodan posted:I mean, nobody ever said it wouldn't go up before crashing I'm telling you you're loving stupid and probably shouldn't tell other people how to invest or make money given that this thing you keep calling BS on keeps appreciating, have you considered that? Let me ask another way: At what point would you have to admit that you were wrong? Like 6 months ago people were saying "You'll never be able to mine bitcoins profitably again, that time is past." Except anyone who had mined bitcoins would have made a profit, because they went up ~50% since then. So, I'm sure you'll claim they weren't wrong just like you weren't. What would it take for your advice of "You should avoid bitcoins, don't mine them, it's a total scam" to be 100% clearly wrong? Can you come up with that criteria?
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# ? Oct 5, 2017 21:20 |
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Ham Sandwiches posted:I'm telling you you're loving stupid and probably shouldn't tell other people how to invest or make money given that this thing you keep calling BS on keeps appreciating, have you considered that? Have you considered that something might be gaining in value and yet still be not worth it when a risk analysis is done? I mean, just buy Defense/Aerospace ETFs. Yeah you won't get TO THE MOON returns but you won't be in any danger if your shares all being stolen one day and/or crashing 10%-50% in a day based on the whims of the Chinese government. Ham Sandwiches posted:Every single person that said that bitcoins were a scam, had no inherent value, that they were going to collapse, that the exchanges were fake, that you'd lose money mining them, and that it's used for drug transactions / money laundering is as wrong as it is possible to be wrong while still alive This is only true if no one ever lost a BTC to those hacks/scams which is deffo not true.
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# ? Oct 5, 2017 21:23 |
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Ham Sandwiches posted:Like 6 months ago people were saying "You'll never be able to mine bitcoins profitably again, that time is past." Except anyone who had mined bitcoins would have made a profit, because they went up ~50% since then. So, I'm sure you'll claim they weren't wrong just like you weren't. If the gains of mining are less than the cost of electricity, you're better off just buying bitcoins rather than mining them. Pointing out that they appreciated value past the breakeven point six months down the road doesn't change that.
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# ? Oct 5, 2017 21:25 |
Ham Sandwiches posted:I'm telling you you're loving stupid and probably shouldn't tell other people how to invest or make money given that this thing you keep calling BS on keeps appreciating, have you considered that? If Bitcoin never has a crash in the next 50 years then I'll say I was wrong. Also I never said they were a scam, that's your words. I'm just saying I think they are a bubble and it's impossible to tell where on the graph of a bubble you are. It could go up 1000% more or it could crash next week. Mine em if you want, I don't give a poo poo, i just think there are a lot better investments you can make where more variables are known. I don't even have a problem with someone buying a small amount as a lottery ticket but I also don't have a problem with people gambling in any other way either as long as they recognize it for what it is.
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# ? Oct 5, 2017 21:25 |
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COMRADES posted:Have you considered that something might be gaining in value and yet still be not worth it when a risk analysis is done? No, people are free to speculate with their money how they wish. You were sitting there doomsaying it months ago when it was $2500. On what basis did you warn people off this thing that has gotten more liquidity, more trading, more funds, more nation state support, and more valuation the whole time? Because it keeps being proven wrong. Like the fact that you are wrong and unable to qualify risk properly - which is 100% empirically true, shouldn't affect other people negatively. Why keep giving out garbage advice that keeps turning out wrong? When do you intend to stop giving out advice that turns out untrue every single time?
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# ? Oct 5, 2017 21:26 |
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Shinjobi posted:bitcoins are stupid and a pathetic scam I agree.
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# ? Oct 5, 2017 21:26 |
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# ? Apr 27, 2024 08:06 |
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CassandraZara posted:If the gains of mining are less than the cost of electricity, you're better off just buying bitcoins rather than mining them. Pointing out that they appreciated value past the breakeven point six months down the road doesn't change that. Lmao people were saying you can never make a profit off coins you mine because chinese miners will outdo you. Now you're saying you're better off buying from scam exchanges and not wasting electricity l m a o. If people had mined up coins the profit was roughly $3/hr. And that profit assumed that the coins would be worth $2500. The coins are now worth $4k which means the profit/hr was very very high. But as always, goons gave out garbage and useless advice that turned out to be untrue.
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# ? Oct 5, 2017 21:27 |