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Bitcoins
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Bitcoin has crashed to half it's value in 6 hours.
From a high of $260 (£169) for each Bitcoin, the value dropped to about $130 (£84) in just six hours.
http://www.bbc.co.uk/news/technology-221053220 -
Crypto QE is what I call it. They can already go up to 8 decimal places, and by changing the computing protocols they can move the decimal point to 42 places if they want.
..._
That's because you don't understand it. "they" can't do anything because it isn't centrally controlled and it's at the point now where it never will be.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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Ark_Welder wrote: »
That's yesterday's news.
40% recovery since then
Things move fast in bitcoinworld0 -
back up to £110 or so, if we are following Dryhat's graph then now is the time to get out for a bit as another dip is imminent.
Of course that only happens if we are int he bubble that people who didn't invest are suggesting.
Of course if we are not following the traditional bubble graph and are at a paradigm shift then last night may have just been a correction.
[irony]I really feel for the people trading drugs and pornography on Silk Road as their trades must have been mind blowing for the last couple of days!
[/irony]
I myself have quartered my holding, keeping a little bit just in case but cashed out while still in profit.
What's left is in essence free and I'm happy for it to be wiped out.Sealed pot challange no: 3390 -
Graham_Devon wrote: »
Don't start muddling this thread Dev.
That's yesterday's news.
40% recovery since then
Things move fast in bitcoinworld0 -
That's yesterday's news.
40% recovery since then
Things move fast in bitcoinworld
My apologies. I don't follow toy currencies that can lose in six hours what it usually takes inflation to do to a real currency in ten years.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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Ark_Welder wrote: »My apologies. I don't follow toy currencies that can lose in six hours what it usually takes inflation to do to a real currency in ten years.
You don't know what you're missing.
It's great fun.0 -
That's yesterday's news.
40% recovery since then
Things move fast in bitcoinworld
That happens on bubble charts:
http://steadfastfinances.com/blog/wp-content/uploads/2009/11/Psychology-of-bubbles-plotted-by-investor-psychology-vs-value-Dr.-Rodrigue-Hofstra-university1.gif0 -
Before this thread I'd never even heard of a bitcoin. It's been brilliant being able to watch a bubble from start to finish in the space of a few days.0
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