Mt. Gox (Bitcoin) goes down

Discussion in 'BS Forum' started by soxxx, Feb 25, 2014.

  1. FJF

    FJF 2018 MVP Joe Namath Award Winner

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    Yes, but by then it will be the equivalent of being a ten thousand aire now
     
  2. HomeoftheJets

    HomeoftheJets Well-Known Member

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    Or a hundred thousandaire on a baseball forum.
     
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  3. GordonGecko

    GordonGecko Well-Known Member

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    This is the sort of thing that convinces bag holders to keep holding until they lose it all.

    It's called irrational rationalization
     
  4. SOXXX2

    SOXXX2 Well-Known Member

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    I respect your opinion and at the end of the day Bitcoin will either succeed or fail.

    [​IMG]

    However calling it a "failure" because of an 80%+ dip would be a mistake, if an 80% dip makes bitcoin a failure, than it failed already multiple times yet it came back every single time to set a new all time high.

    Perhaps this is the time it never comes back and maybe I am clinging on to irrational rationalization, however if you are focusing on solely the price, then in my personal opinion you are making a mistake. Bitcoins price is largely based off the adoption, as adoption continues, the price follows, less than 2% of the world even owns any cryptocurrency, the last run took bitcoin to a market cap of $330 billion, which is only a third of what Apple was recently. I am confident we will see Bitcoin reach multi-trillion market cap in the future.
     
  5. Dierking

    Dierking Well-Known Member

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    That chart looks super accurate
     
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  6. SOXXX2

    SOXXX2 Well-Known Member

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    Who else is still accumulating? Expecting lower prices anywhere from $2000-$2600, might wick lower than $2000 however. Hopefully, i have the buy orders set for those prices.

    [​IMG]

    Regardless, the long trek until we finally reach early adoption continues, and eventually/hopefully mass adoption.
    [​IMG]
     
  7. Dierking

    Dierking Well-Known Member

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    That chart looks super accurate
     
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  8. The Waterboy

    The Waterboy Well-Known Member

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    Bitcoin's real chart

    [​IMG]
     
  9. GordonGecko

    GordonGecko Well-Known Member

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    Back in 2001 SOXXX2 was probably a pushy broker in a boiler room pounding the rolodex of AARP members guaranteeing a sure thing to put 50K into Enron and WorldCom

    It's gonna be great!
    Can't miss!
    You'll regret it forever if you pass this once in a lifetime opportunity!!!
     
  10. The Waterboy

    The Waterboy Well-Known Member

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    2001 he was just out of diapers
    2010 he was a teenager bragging about his $400 belts and $700 Prada jeans

    There were some classics from Soxxx 1.0
     
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  11. joe

    joe Well-Known Member

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    http://forums.theganggreen.com/threads/the-newburgh-sting-hbo-documentary.81297/#post-3029171

    http://forums.theganggreen.com/thre...-ask-for-simms-yet.81375/page-12#post-3033985

    Soxxx1…..cop……Franklin Lakes…….booted out of Canada…….knows Zetas……….Newburgh……..Australia……

    Bitplayer

    .
     
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  12. SOXXX2

    SOXXX2 Well-Known Member

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  13. Br4d

    Br4d 2018 Weeb Ewbank Award

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    When Bitcoin was at 16k it was going to a million.

    Now that it's at 3,452 it's going to 7 million.

    This is what we call a buying opportunity. I have a bridge...
     
  14. SOXXX2

    SOXXX2 Well-Known Member

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    If Bitcoin reaches a 17 trillion market cap it will be a million dollars. When Bitcoin is the dominate global currency, its market cap will be much larger than 17 trillion. Not going to happen tomorrow, not going to happen next year, but I believe based on my analysis of the currency, it will reach it in a decade or two.
     
  15. GordonGecko

    GordonGecko Well-Known Member

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    bitcoin adoption is virtually zero and there's more merchants dropping the option than accepting it every month. So then its value can't be as a currency it has to be as a virtual commodity and the general population does not trust it. It has a very limited investment market
     
  16. Ralebird

    Ralebird Well-Known Member

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    So, you're buying?
     
  17. HomeoftheJets

    HomeoftheJets Well-Known Member

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    If your analytical skills are so great, why are you blabbing about them on a Jets forum instead of making a name for yourself in the real world?
     
  18. Sam Hammer

    Sam Hammer Well-Known Member

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    What will happen first? The Bitcoin explosion, or a Jets Superbowl.
     
  19. Br4d

    Br4d 2018 Weeb Ewbank Award

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    Bitcoin will never become a global standard. It's eventually going to be a capped resource with no further growth and that type of "value" never sets the standard. The idea that anybody is going to be looking at .0000000001 of a Bitcoin as an acceptable salary is crazy. People just don't work like that.

    As precious as gold, diamonds and other rare minerals and gems are the supply is always increasing as new samples are added to the global supply via mining.

    Fiat currency on the other hand is infinitely inflatable by supply/demand mechanics and central authority and whether digital or not will remain the standard for the forseeable future.

    We're more likely to go to a no-currency at all model than to see Bitcoin adopted as a standard.
     
  20. jetophile

    jetophile Bruce Coslet's Daughter

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