Discuss: Recent Bitcoin Falls

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November 15, 2018 at 04:46:24
Specs: Windows 10, 1.4 GHz / 5610 MB
Hi all,

This week's poll question is about news that Bitcoin has hit its lowest price this year. Discuss here if you think Bitcoin is headed higher or lower, and, if you like, the poll results themselves.

Thanks,
Justin


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#1
November 15, 2018 at 07:16:46
South Sea bubble comes to mind...

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#2
November 15, 2018 at 07:44:59
I was thinking more of Tulips myself. ;-)

MIKE

http://www.skeptic.com/


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#3
November 15, 2018 at 08:28:22
Yes that crossed my mind too. Although I’m not sure anyone outside the UK and Europe would know about that bubble?

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#4
November 15, 2018 at 09:20:31
I know about the tulips. Never heard of this "South Sea bubble".

-- Jeff, in Minneapolis


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#5
November 15, 2018 at 09:25:23
Ah. The South Sea Bubble looks like an interesting story, too!

But what is this "Bitcoin" of which you speak?

-- Jeff, in Minneapolis


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#6
November 15, 2018 at 10:15:15
South Sea bubble was as serious investment/share scam way back when; and many committed suicide after losing humungous amounts of cash...

More details here:

https://www.historic-uk.com/History...

Wot is bitcoin... applying the logic of the Goons... probably a coin that hath been bit...

But "seriously..." - if one can take electronic/crypto currency seriously...

https://en.wikipedia.org/wiki/Bitcoin


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#7
November 16, 2018 at 04:51:38
i still have 1.18 ETH, only worth 200$ >.< could have sold it for 800+ a while back, good thing i mined it (for roughly 10$ in electricity) and not bought it, feel like selling @250$ now. if it will ever get back there tho.

aaaand i think BTC will shoot back up to 6000$ in the next week or so, hopefully ETH will follow, like always

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#8
November 16, 2018 at 06:51:34
I'm considering restarting the cowrie shell currency for major purchases; and also fine grain white sand as small change...

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#9
November 16, 2018 at 12:54:48
I used the term "cowrie shell" for the first time in maybe fifty years
about a week ago when a neighbor and I came across someone's
shell collection they were giving away. Quite diverse for its very
limited size. They must have taken just one or two of each kind.
The cowrie shell, though small, was the only one I picked up and
commented on.

-- Jeff, in Minneapolis


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#10
November 16, 2018 at 13:59:15

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#11
November 20, 2018 at 03:27:52
Hi Mike mmcc,

please explain your reference to 'Tulips'

When I was young, everything was black and white and Computers unheard of, people still talked about the 'South Sea Bubble' however have not heard mentioned in decades.

Surprised Derek has not posted here as he is of the same generation as I.

Thanks - Mike


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#12
November 20, 2018 at 05:50:39
Mike,

In the 1600's the Dutch went bonkers over Tulips, the prices for a single bulb could reach astronomical prices, speculation ran rampant and then of course, the bubble burst.

Here is the wiki article:
https://en.wikipedia.org/wiki/Tulip...

MIKE

http://www.skeptic.com/


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#13
November 20, 2018 at 06:00:43
Tulip was also the name of computer company/manufacturer in the late 80s/early 90s...

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#14
November 29, 2018 at 03:46:22
Buy and hold or sell Bitcoins?

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#15
November 29, 2018 at 04:22:50
both are risky(buying & holding can result in huge profit, all loss of it all. selling will guarantee your current loss/profit, but can make you scream when prices double.)

tho technically it should stabilize over the years, that is for large cryptocurrencies like BTC\ETH\XMR, because the coins will get more and ore difficult to mine, just like oil. but then again oil gets used up, gold might be a better comparison.

At some point it will no longer be profitable to mine, but if demand keeps rising....

Take that with a grain of salt, since i have no experience with the stock market myself.
It does make a lot of sense right?

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message edited by hidde663


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