Price is well south of that line today. That graph shows the price around 9k which is way outdated.

Part of bitcoin's problem is the crash of mining. Gpu mining is out the window, as ASIC's and FPGA come online. None of the cryptos are ever going to be as easy to get again, and the perception of the gold rush being over, coupled with the reality check of the market correction, means it's going to continue until it settles.

Looks like the 2019 Body Slam of the Year title belt is already claimed.

One of the best "quit your bull****" posts I've ever seen here. Good form, sir.

I love you guys

He's gone from a crypto-millionaire to a 29 year old who can't afford a house in Tyler, TX without a roommate in the span of a few posts.

Only 30 stars on DeLaHonta's post. We need to do better than that. The format and research was next level, well done sir.

Why is jizzle laughing?

UncleNateFitch said:

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No..no..no you didn't



Well, you could imagine what it'd be like, huh?


NO YELLING ON THE BUS!!!!!!

Because how seriously you guys take absurd posts..

You think I don't know there's a search function??

All these Francis' need to take a step back and breathe

UncleNateFitch said:

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This is awesome.

Jizzle89 said:

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Because how seriously you guys take absurd posts..

You think I don't know there's a search function??

All these Francis' need to take a step back and breathe

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he pwnd you pretty good

OWNED ME SO HARD

Jizzle89 said:

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OWNED ME SO HARD

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Yeah he kind of did and it was/is great.

Can we stop assuming gender please? It's 2019 for goodness sake

Jizzle89 said:

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Can we stop assuming gender please? It's 2019 for goodness sake

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LMAO....wait...you serious?

Jizzle89 said:

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Can we stop assuming gender please? It's 2019 for goodness sake

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No

If he really did buy in November of 2017 his 30k "investment " is about $18k in value and is under $12 now.

UncleNateFitch said:

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Price is well south of that line today. That graph shows the price around 9k which is way outdated.

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That's what happens when you see a pattern and declare a prediction. The pattern suddenly changes.... like RIGHT AFTER the prediction was made.

i love the ones that get destroyed online and then try to pretend it was just a troll

Ag_of_08 said:

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Part of bitcoin's problem is the crash of mining. Gpu mining is out the window, as ASIC's and FPGA come online. None of the cryptos are ever going to be as easy to get again, and the perception of the gold rush being over, coupled with the reality check of the market correction, means it's going to continue until it settles.

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The other issue with cryptos is future's trading. Once the big banks started future's trading, it destroyed the price of bitcoin and others. The big banks don't care about the long term price of bitcoin, they only care about profits in dollars. It's highly likely that cryptos will continue going further and further down.

Socially liberal NPC 888 said:

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Ag_of_08 said:

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Part of bitcoin's problem is the crash of mining. Gpu mining is out the window, as ASIC's and FPGA come online. None of the cryptos are ever going to be as easy to get again, and the perception of the gold rush being over, coupled with the reality check of the market correction, means it's going to continue until it settles.

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The other issue with cryptos is future's trading. Once the big banks started future's trading, it destroyed the price of bitcoin and others. The big banks don't care about the long term price of bitcoin, they only care about profits in dollars. It's highly likely that cryptos will continue going further and further down.

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Not to mention that people are realizing that the future of blockchain can easily leave behind the ridiculousness of made up currencies that were only started to buy drugs and porn online without being traced.

You know what other decentralized "currencies" worked well?

Coal Scrip.

sts7049 said:

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i love the ones that get destroyed online and then try to pretend it was just a troll

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Happy 10 year bday, bitcoin.

As always,
fk the haters.

administrative errors said:

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Happy 10 year bday, bitcoin.

As always,
fk the haters.

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bitcoin is fk'ing the believers a lot more lately

I hope Barnes gets the help he needs, and stays off TexAgs.

So just to chime in on my experience with crypto-currency. When Bitcoin was around $400 a coin I setup my first account and bought 5 coins. I think I spent around $2100. I held onto the coins until the price per coin went to $2800 (I kicked myself later for not holding out longer) but I cashed out with about 14K. I took that money and paid off a 2007 Chevy 3/4 ton that I still have. So I was overall pretty happy with myself.

I've since dabbled here and there with some alt-coins. I think I have some LTC and some ETH still. I look at it more like a long term investment now. If I ever find myself in need of funds somewhere, I should be able to get the money out of my "wallet" no matter where I am in the world.

I'm considering getting back into Bitcoin even where it currently sits between $3300-3700 and just hold onto to them until the next breakout. I thinking this time around I'll probably invest another $2000 or so and see where that goes.

I wont ever make 15 million, but I don't need a roommate yet either.

It's a fascinating concept and I don't think we have even scratched the surface of it and the blockchain's potential.

Richline said:

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So just to chime in on my experience with crypto-currency. When Bitcoin was around $400 a coin I setup my first account and bought 5 coins. I think I spent around $2100. I held onto the coins until the price per coin went to $2800 (I kicked myself later for not holding out longer) but I cashed out with about 14K. I took that money and paid off a 2007 Chevy 3/4 ton that I still have. So I was overall pretty happy with myself.

I've since dabbled here and there with some alt-coins. I think I have some LTC and some ETH still. I look at it more like a long term investment now. If I ever find myself in need of funds somewhere, I should be able to get the money out of my "wallet" no matter where I am in the world.

I'm considering getting back into Bitcoin even where it currently sits between $3300-3700 and just hold onto to them until the next breakout. I thinking this time around I'll probably invest another $2000 or so and see where that goes.

I wont ever make 15 million, but I don't need a roommate yet either.

It's a fascinating concept and I don't think we have even scratched the surface of it and the blockchain's potential.

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User name does NOT check out

administrative errors said:

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C'mon bitcoin, you're lagging behind

I think were sitting right around 25-30k which is the bottom of the trend line intersection with 1/1/21.

Also, ever since paypal went live on bitcoun, they have been purchasing almlst all or all of the newly minted/mined bitcoin.

https://panteracapital.medium.com/bitcoin-demand-3x-supply-ce3a4e05d541