Current Events > 1000 people own 40 percent of the Bitcoin market

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FLUFFYGERM
12/08/17 10:58:28 AM
#1:


https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

Once these whales start selling, it's game over for BTC
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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Ballstopshere
12/08/17 10:59:58 AM
#2:


so its just like the us economy
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Vyrulisse
12/08/17 11:01:05 AM
#3:


That's exactly what they're going to do and all the suckers they get to buy in will be left with nothing.
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bluezero
12/08/17 11:01:26 AM
#4:


Ballstopshere posted...
so its just like Funko Pops

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Balrog0
12/08/17 11:01:45 AM
#5:


half of those 1000 are anarchocapitalists who do not believe in fiat currency though
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He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor.
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FLUFFYGERM
12/08/17 11:02:22 AM
#6:


Balrog0 posted...
half of those 1000 are anarchocapitalists who do not believe in fiat currency though


but they believe in the real assets you can acquire with fiat currency. IE real estate, bonds, etc.
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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Smashingpmkns
12/08/17 11:02:54 AM
#7:


Wasn't it game over at $6000, $8000, $10000, etc? I guess once it hits $50k it'll really be game over lol
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Ballstopshere
12/08/17 11:05:31 AM
#8:


Vyrulisse posted...
That's exactly what they're going to do and all the suckers they get to buy in will be left with nothing.

what about the suckers not in the 1% that have been buying in for hundreds of years here?

nothing changes yall
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HypnoCoosh
12/08/17 11:08:23 AM
#9:


Smashingpmkns posted...
Wasn't it game over at $6000, $8000, $10000, etc? I guess once it hits $50k it'll really be game over lol


Right.

I can't fathom why anyone would want cryptos to fail.
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We make men without chests and expect from them virtue and enterprise. We laugh at honor and are shocked to find traitors in our midst. - C.S. Lewis
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Anteaterking
12/08/17 11:09:25 AM
#10:


HypnoCoosh posted...
Smashingpmkns posted...
Wasn't it game over at $6000, $8000, $10000, etc? I guess once it hits $50k it'll really be game over lol


Right.

I can't fathom why anyone would want cryptos to fail.


You can want Bitcoin to fail but not cryptos in general.
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HypnoCoosh
12/08/17 11:12:31 AM
#11:


Anteaterking posted...
You can want Bitcoin to fail but not cryptos in general.


But why?
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We make men without chests and expect from them virtue and enterprise. We laugh at honor and are shocked to find traitors in our midst. - C.S. Lewis
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BlazinBlue88
12/08/17 11:15:21 AM
#12:


HypnoCoosh posted...
Anteaterking posted...
You can want Bitcoin to fail but not cryptos in general.


But why?

Because Bitcoin is just the first crypto out of the gate. There are a lot of coins that do what BTC does but better. People are ready for the day that BTC gets dumped by the masses for something else so it skyrockets and those people make tons of money.
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NeverOffended
12/09/17 11:39:01 AM
#13:


FLUFFYGERM posted...
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

Once these whales start selling, it's game over for BTC


along with LTC as well if that happens
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