Current Events > I thought bitcoin was supposed to explode after the fork got suspended.

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SuperMariano3
11/09/17 8:32:31 AM
#1:


What happened? It is down from 7500 to 7100
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Ouned
11/09/17 8:35:08 AM
#2:


People must have been stashing for the fork, and now have a bunch of useless BTC to unload since it's not happening.
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CircleOfManias
11/09/17 8:35:11 AM
#3:


Alts were supposed to explode. They did.
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Coffeebeanz
11/09/17 8:35:35 AM
#4:


Bitcoin. It's like real life EVE Online
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SuperMariano3
11/09/17 8:36:49 AM
#5:


CircleOfManias posted...
Alts were supposed to explode. They did.


Topic is about bitcoin not alts unless that is directly related but I don't think it is. I kept hearing people buying bitcoin because of some upcoming fork which never came.
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HypnoCoosh
11/09/17 8:44:07 AM
#6:


CircleOfManias posted...
Alts were supposed to explode. They did.


I wouldn't say they are exploding but they are upward trending and the one I invested in are doing mostly well.
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KazumaKiryu
11/09/17 8:47:08 AM
#7:


Wait wait, what? The fork was suspended?
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CableZL
11/09/17 8:48:07 AM
#8:


KazumaKiryu posted...
Wait wait, what? The fork was suspended?

There is no fork
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rhklce
11/09/17 8:48:33 AM
#9:


KazumaKiryu posted...
Wait wait, what? The fork was suspended?


And I have like 40 in my drawer right now!
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KazumaKiryu
11/09/17 8:49:29 AM
#10:


What the fuck!! That's why I was putting all my money into it!
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Darkman124
11/09/17 8:49:58 AM
#11:


Coffeebeanz posted...
Bitcoin. It's like real life EVE Online


one in three millenials shun stocks and only want to invest in btc
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Ouned
11/09/17 8:50:48 AM
#12:


KazumaKiryu posted...
Wait wait, what? The fork was suspended?

Suspended indefinitely.

MagicDonut is now a genius for selling his BTC and switching to altcoins.
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annax0
11/09/17 8:51:44 AM
#13:


Darkman124 posted...
Coffeebeanz posted...
Bitcoin. It's like real life EVE Online


one in three millenials shun stocks and only want to invest in btc

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KazumaKiryu
11/09/17 8:51:45 AM
#14:


It was up to 7800 yesterday and this must be why but I had no idea, nobody told me. I would have sold it then and there if I knew!
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Ouned
11/09/17 8:56:56 AM
#15:


From what I've seen crypto requires less intelligence than stocks. The relevant coins mostly trend upward; they crash but don't drop to their original base value, and then they recover and surpass their previous highs.

I'm too dull for stocks, but have profited from just setting and forgetting altcoins. Crypto: Anyone can do it.
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Darkman124
11/09/17 8:59:31 AM
#16:


aka they're a bubble^

"buy now it's going up forever!"

where have i heard that before?
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FLUFFYGERM
11/09/17 9:00:31 AM
#17:


Darkman124 posted...
aka they're a bubble^

"buy now it's going up forever!"

where have i heard that before?


crypto is going to collapse so hard. it'll be hilarious.
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Darkman124
11/09/17 9:01:11 AM
#18:


probably. i don't know when. that is basically why i have avoided it. i know that they're probably going to be higher tomorrow than today, but where will they be next week? i have no idea.
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courier_nv
11/09/17 9:05:36 AM
#19:


Darkman124 posted...
probably. i don't know when. that is basically why i have avoided it. i know that they're probably going to be higher tomorrow than today, but where will they be next week? i have no idea.

i suppose the diversified portfolio argument suggests i should've had some nonzero exposure to them but with no traditional market vehicle (ETF) to gain that exposure i feel the risks are too high to merit inclusion

but clearaflagrant told me bitcoin was the future
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Darkman124
11/09/17 9:05:56 AM
#20:


courier_nv posted...
Darkman124 posted...
probably. i don't know when. that is basically why i have avoided it. i know that they're probably going to be higher tomorrow than today, but where will they be next week? i have no idea.

i suppose the diversified portfolio argument suggests i should've had some nonzero exposure to them but with no traditional market vehicle (ETF) to gain that exposure i feel the risks are too high to merit inclusion

but clearaflagrant told me bitcoin was the future


technically one week after he said it qualifies as the future

if you bought when he said to at 5000 and sold now you'd have made some good money

but you'd have basically been gambling that the upward rip wasnt over
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Coffeebeanz
11/09/17 9:06:46 AM
#21:


FLUFFYGERM posted...
Darkman124 posted...
aka they're a bubble^

"buy now it's going up forever!"

where have i heard that before?


crypto is going to collapse so hard. it'll be hilarious.


Didn't some guy accidentally "delete" a couple million dollars' worth of Bitcoins a few days ago and nobody can figure out how it was even possible?
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StucklnMyPants
11/09/17 9:08:59 AM
#22:


courier_nv posted...
Darkman124 posted...
probably. i don't know when. that is basically why i have avoided it. i know that they're probably going to be higher tomorrow than today, but where will they be next week? i have no idea.

i suppose the diversified portfolio argument suggests i should've had some nonzero exposure to them but with no traditional market vehicle (ETF) to gain that exposure i feel the risks are too high to merit inclusion

but clearaflagrant told me bitcoin was the future

It only goes up in value when people start buying. Couldn't imagine why he'd continually make it sound like it's the best thing ever, oh wait...
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apolloooo
11/09/17 9:09:48 AM
#23:


i sold all my bitcoin becasue i knew it gonna go down after people who were buying for the fork dumped it all
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HypnoCoosh
11/09/17 9:09:49 AM
#24:


In all investments there is risk. Not sure why cryptos get so much hate.
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Coffeebeanz
11/09/17 9:11:58 AM
#25:


HypnoCoosh posted...
In all investments there is risk. Not sure why cryptos get so much hate.


Because Bitcoin isn't really an investment. It's basically an overly elaborate Ponzi scheme.
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apolloooo
11/09/17 9:12:40 AM
#26:


HypnoCoosh posted...
In all investments there is risk. Not sure why cryptos get so much hate.

yup. people said there is no intrinsic value whatsoever, but so does most of the things we use to trade. if apocalypse come, most money will be useless, and basic needs will again replace money for a while at least like clothes, food and water and weapns
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Darkman124
11/09/17 9:12:47 AM
#27:


Coffeebeanz posted...
HypnoCoosh posted...
In all investments there is risk. Not sure why cryptos get so much hate.


Because Bitcoin isn't really an investment. It's basically an overly elaborate Ponzi scheme.


also, not all risk is equal
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apolloooo
11/09/17 9:12:50 AM
#28:


oh yeah, also

@BignutzisBack
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courier_nv
11/09/17 9:14:03 AM
#29:


https://www.cnbc.com/2017/09/06/economist-robert-shiller-explains-how-bitcoin-resembles-past-bubbles.html

Unless he's just doing what his last name is...

I mean, he won a fucking nobel prize on his work on bubbles.

Just so you guys know.
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Coffeebeanz
11/09/17 9:15:13 AM
#30:


Bitcoin only has value because people buy it. It has no actual intrinsic value whatsoever, so when people start selling, it'll get wrecked. Kinda like Enron - unprofitable company kept afloat by a combination of Ponzi-like stock sales tactics and shady finances.
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BignutzisBack
11/09/17 10:42:59 AM
#31:


Coffeebeanz posted...
Bitcoin only has value because people buy it. It has no actual intrinsic value whatsoever, so when people start selling, it'll get wrecked. Kinda like Enron - unprofitable company kept afloat by a combination of Ponzi-like stock sales tactics and shady finances.


It will continue to gain value as more places accept it as payment
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BlazinBlue88
11/09/17 10:57:48 AM
#32:


SuperMariano3 posted...
CircleOfManias posted...
Alts were supposed to explode. They did.


Topic is about bitcoin not alts unless that is directly related but I don't think it is. I kept hearing people buying bitcoin because of some upcoming fork which never came.

It is directly related.

People sold all their altcoins to put into BTC for the upcoming fork. This made altcions decrease and BTC explode.

Now that the fork is suspended, people sold off their BTC for a profit and put it all back into their altcoins. The made BTC go down and a ton of altcoins go up.

A segment of the community didn't follow trend and doubled down on their altcoins when they nosedived. Now many are at all time highs and some of us made a very nice profit.
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MrTacoBell
11/09/17 11:16:23 AM
#33:


Ouned posted...
KazumaKiryu posted...
Wait wait, what? The fork was suspended?

Suspended indefinitely.

MagicDonut is now a genius for selling his BTC and switching to altcoins.


Yep. He is a crypto God. Dude had a lot of Vertcoin, Nelbio, and other altcoins and those are looking like amazing decisions. I invested $1,000 in vertcoin when it was $3. So far it is up $660 for me in just the last 2-3 days.
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FreezerDoor
11/09/17 1:21:59 PM
#34:


Ouned posted...
People must have been stashing for the fork, and now have a bunch of useless BTC to unload since it's not happening.

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