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Thread: Bitcoin passes $1,000 for the first time. Up over 4000% from start of year.

  1. #2311

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    Quote Originally Posted by Jack Walsh View Post
    Bitcoin Price Eyes Double Bottom Reversal After $4K Defense - CoinDesk

    Bitcoin broker touting "massive correction" after bear sentiment has "now run out of steam".
    LOL
    "Double bottom reversal breakout"
    Scutter spewing shills doing what they do best, spewing scutter to whatever pitiful few Bitcoin junkies who actually have a cent of their money left.
    Man, anyone with half a brain who got in before it hit 17,000 made a killing.
    Somebody grab the script!

  2. #2312
    Politics.ie Member mr_anderson's Avatar
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    Quote Originally Posted by Ruff says Flaherty View Post
    Man, anyone with half a brain who got in before it hit 17,000 made a killing.

    I first heard about it at $9.
    Didn't buy because it's obviously a gimmick.
    Which, I'm convinced, it still is.
    Just a lot more expensive one.

  3. #2313
    Politics.ie Member forest's Avatar
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    Quote Originally Posted by Hillmanhunter1 View Post
    Bitcoin falls below $4,000 - the rout continues (and long may it last):

    Bitcoin falls further below $4000; Crypto continues plunge
    why do you want it to fail
    "We know what to do, we just dont know how to get elected afterwards" Jean-Claude Juncker on how to fix the European economy

  4. #2314
    Politics.ie Member Hillmanhunter1's Avatar
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    Quote Originally Posted by forest View Post
    why do you want it to fail
    Because it is a fraudulent bubble that has been sucking up hard-earned cash. Bitcoins are as useful and as valuable as tulips.
    “Fish die belly upward, and rise to the surface. It's their way of falling.” ― André Gide

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    Quote Originally Posted by Ruff says Flaherty View Post
    Man, anyone with half a brain who got in before it hit 17,000 made a killing.
    Assuming they got out since, that is.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Politics.ie Member ant's Avatar
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    Quote Originally Posted by forest View Post
    why do you want it to fail
    Because Hillman's been shorting the ************************ out of it like the rest of us?
    Markets - using magazines with bullet points for targets.

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    Quote Originally Posted by Gin Soaked View Post
    Another concern on Bitcoin is the exponential effort in "mining" . The electricity consumption stats are grim, and I wonder how that will act on a brake in demand here.
    The use of Application Specific Integrated Circuits (ASICs) to mine Bitcoins was mentioned at the time the paper was published. Many of the large scale operations seem to use them rather than the videocard mining approach. The real killer would be a more efficient approach to the computation rather than better silicon.
    Regards...jmcc

  8. #2318
    Politics.ie Member Hillmanhunter1's Avatar
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    Quote Originally Posted by ant View Post
    Because Hillman's been shorting the ************************ out of it like the rest of us?
    To misquote George Galloway - I have never seen a bitcoin, owned one, bought one, sold one, and neither has anybody on my behalf.
    “Fish die belly upward, and rise to the surface. It's their way of falling.” ― André Gide

  9. #2319
    Politics.ie Member Dame_Enda's Avatar
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    This could help if it becomes mainstream.

    "A great city is not to be confounded with a populous one." - Aristotle

  10. #2320
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    The value of a bitcoin is now $3.4k

    According to CoinDesk data, bitcoin has now erased the largest portion of its October, November and December 2017 bull run gains and is effectively down 84.28 percent from its all time highs of $19,781.Further, bitcoin is now down 64 percent year-over-year, having dropped hard from each successive lower highs.
    The cryptocurrency isn’t the only major network feeling the pain as Ethereum’s ether cryptocurrency, Stellar’s XLM token and bitcoin cash each fell between 11-15 percent and show technical signs of not letting up anytime soon.
    Total market capitalization of all cryptocurrencies fell sharply as well, wiping away another $11.5 billion to stand at $110.6 billion on the day, a far cry from $813 billion seen on Jan. 8, CoinMarketCap data shows.
    So $700 billion loss in market capitalisation this year. That gotta hurt someone.

    Some investors are going to have a grim Christmas, thinking especially of a lot of samll investors in South Korea who invested heavily last autumn.

    Then again do South Koreans do Christmas?

    Some analyst's expect Bitcoin to hit $1500 by year end, then again no one has a bogs notion where it will go.

    Is words of our greatest ever journalist is it time for the "the smart ballsy guys" to start buying?
    "If you are neutral in situations of injustice, you have chosen the side of the oppressor", Desmond Tutu

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