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Old 04-18-17, 01:17 PM
Bitcoin to 500k by 2030
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Though not a new thesis that Bitcoin price could rise drastically - up to $500,000 in the next 13 years according to the first investor in Snapchat - based on what comes out of developing countries, an analysis of some figures and trends as they relate to Africa comes to mind.

Jeremy Liew and Blockchain Co-Founder Peter Smith hinged their outlook for an increased interest in Bitcoin on remittance, uncertainty and mobile penetration. These factors, especially remittance, have much to do with Africa, whose composition of developing countries have what will strengthen the rise and use of Bitcoin for several financial purposes in the coming years.

$4 bln a year
Remittance is gradually becoming a major boost for Bitcoin use in Africa - as well as in parts of Asia and Latin America. The advent of new services that use the digital currency for the purpose of sending money from one point to another has started eating into the roughly $4 bln per year cost that banks and other institutions make from international transfers to Africa.

As earlier reported, many countries in this region - and in Asia - have the most expensive transfer rates in the world as well as bureaucratic processes that make sending and receiving money to and from loved ones a little difficult. This is a major reason why the promotion of the ease of use that Bitcoin brings is essential.

19 percent remittance charge
Bitwala, for example, notes that transferring money to South East Asia is cheaper than it is to Africa where banks and intermediaries charge high fees and manipulate currency rates to their advantage. The majority of banks charge between 10-19 percent on any transfers to, from and within African countries.

The payment service provider points to a leaked document from Santander, a major Spanish banking group, as confirming the dangers of using banks.

"In 2016, the bank made €585 mln solely from international money transfers, making up 10 percent of all of its revenue, it says. In addition to transfer fees, the bank also made another killing by controlling its foreign currency exchange which helped it earn €290 mln."

Perhaps the most shocking part is that 80 percent of all global money transfers are still conducted via banks and conventional monetary transfer channels.

Bitwala adds that the number of signups from developing countries on its platform is almost as those in the US and the EU in total - developing countries forming approximately 30 percent of its new signups globally. Bitwala recently launched into Africa to compete for market share with other companies like BitPesa, BITSSA and Luno.

Africa boasts some of the top developing markets in the world presently. This is the main reason why the continent’s market of over a billion people stands a chance to be at the center of a share struggle in a couple of years.

Youngest population
Africa has the youngest population in the world - about a quarter of a billion people aged 15 to 29 in Africa as of 2010. Current trend indicates that this figure will double by 2045, according to the 2012 African Economic Outlook report prepared by experts from the African Development Bank (AfDB), the UN Development Programme (UNDP), the UN Economic Commission for Africa (ECA) and the industrialized countries’ Organization for Economic Cooperation and Development (OECD), among others.

Fast forward to 2017, the October 2016 IMF’s World Economic Outlook shows that 12 of the top 25 world’s fastest-growing economies are in Africa.

These countries, according to the outlook, will continue their growth into 2019 where the latest forecast stops. The growing Internet connection rate, particularly in Africa, will also add to the increasing interest in Bitcoin.

Most of the emerging figures from Africa apply in the LATAM region where a series of events are now being put together to widen the understanding of the burgeoning economy and how to enhance access to income easily, cutting down costs and not necessarily relying on the use of a physical structure.

"A key barrier to the projected rise, however, is not its untapped market potentials or for the infrastructures. Rather, it is the lack of awareness."



https://cointelegraph.com/news/bitco...can-projection
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Old 04-18-17, 02:15 PM
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I bet....
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Old 04-18-17, 02:20 PM
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I bet....
OK bro. 21 million bitcoins ever in existence and a population of 7 billion plus people if it becomes a reserve currency like gold then you can bet your ass it will be huge. If you value it in terms of scarcity like gold the price was calculated at 5 million dollars a piece. It's better than gold which is why it was already priced higher than one ounce of gold earlier this year.

Bitcoin is faster and cheaper than bank wire transfers that alone is huge.
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Old 04-18-17, 02:27 PM
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"if it becomes a reserve currency" lol
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Old 04-18-17, 03:29 PM
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OK bro. 21 million bitcoins ever in existence and a population of 7 billion plus people if it becomes a reserve currency like gold then you can bet your ass it will be huge. If you value it in terms of scarcity like gold the price was calculated at 5 million dollars a piece. It's better than gold which is why it was already priced higher than one ounce of gold earlier this year.

Bitcoin is faster and cheaper than bank wire transfers that alone is huge.
Reserve currency? Please don't hold your breath on that happening.

Bitcoin may be faster and cheaper, but do you really think the banking industry is going to even let bitcoin get a good foot in the door?
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Old 04-19-17, 07:00 PM
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Only a matter of time turbo. It's still in an infancy stage a lot of people haven't even heard about it yet. Ask the average person they have no clue it's not fully mainstream and the price is currently $1200+ a piece.


Bitcoin value rises over $1 billion as Japan, Russia move to legitimize cryptocurrency
Bitcoin price has risen over 8 percent in the last week
Japan passed a law to accept bitcoin as a legal payment method
Russia is reportedly looking into ways to regulate bitcoin

http://www.cnbc.com/amp/2017/04/12/b...egulation.html

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Old 04-19-17, 07:42 PM
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Only a matter of time turbo. It's still in an infancy stage a lot of people haven't even heard about it yet. Ask the average person they have no clue it's not fully mainstream and the price is currently $1200+ a piece.


Bitcoin value rises over $1 billion as Japan, Russia move to legitimize cryptocurrency
Bitcoin price has risen over 8 percent in the last week
Japan passed a law to accept bitcoin as a legal payment method
Russia is reportedly looking into ways to regulate bitcoin

http://www.cnbc.com/amp/2017/04/12/b...egulation.html
Shut up fatass.
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Old 04-19-17, 07:47 PM
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Shut up fatass.
OK well see about that b.
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Old 04-19-17, 07:47 PM
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Yea that'll do it. Lol

Like Genova with the hemoiroid cream
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Old 04-19-17, 07:55 PM
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Yea that'll do it. Lol

Like Genova with the hemoiroid cream
I was gonna call bullshit too if it weren't for this study.

Topical fat reduction from the waist - Caruso - 2006 - Diabetes, Obesity and Metabolism - Wiley Online Library
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Old 04-19-17, 07:59 PM
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How consistent are you with your diet?
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Old 04-19-17, 08:11 PM
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How consistent are you with your diet?
Lately it's been better I've been on keto the past few days. Basically eating eggs, cheese, avocados, coconut oil, peanut butter, etc. I'm gonna see how I react to keto I might throw a carb up one day a week. If I get flat on keto I'll just up the carbs. My buddy stays full on keto somehow so I'll see how my body reacts
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Old 04-19-17, 09:08 PM
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But how consistent are you. Do you stick to your shit daily. EOD? 3 times a week?
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Old 04-19-17, 09:52 PM
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But how consistent are you. Do you stick to your shit daily. EOD? 3 times a week?
Daily now. Diet is hardest part ask mr. I
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Old 04-20-17, 12:49 AM
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Daily now and how long has it been like that?

If not the long why not allow the diet to work instead of using all that other crap.
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Old 04-20-17, 01:58 PM
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Daily now and how long has it been like that?

If not the long why not allow the diet to work instead of using all that other crap.
Keto since Tuesday was at the bar on Monday drinking some beers lol watching the Hawks lose lol.
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Old 04-20-17, 01:59 PM
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As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million

https://www.mail-archive.com/cryptog.../msg10152.html
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Old 04-20-17, 02:02 PM
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Keto since Tuesday was at the bar on Monday drinking some beers lol watching the Hawks lose lol.
That's the point. You've literally just started your diet. Allow it to work and stick to it. You don't need bullshit fat burning lotion.
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Old 04-20-17, 02:24 PM
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Lotion for fat burning? Cool..
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Old 09-14-17, 04:49 PM
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China Bitcoin Exchange to Stop Trading Virtual Currencies Amid Crackdown

https://mobile.nytimes.com/2017/09/1...gtype=Homepage
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Old 09-14-17, 09:55 PM
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China Bitcoin Exchange to Stop Trading Virtual Currencies Amid Crackdown

https://mobile.nytimes.com/2017/09/1...gtype=Homepage

Banks are scared of bitcoin that's why. It still won't kill it Japan has over taken China in bitcoin trading and now over 250k stores in Japan accept bitcoin payments.
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Old 09-14-17, 10:01 PM
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I was gonna ask where redback went but he must of taken his bitcoin in his pouch and ran off lol.

https://cointelegraph.com/news/austr...esses-no-taxes
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Old 09-14-17, 10:02 PM
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Banks are scared of bitcoin that's why. It still won't kill it Japan has over taken China in bitcoin trading and now over 250k stores in Japan accept bitcoin payments.
you don't seem to understand a very fundamental fact about EVERY government. they will not allow a currency they cannot control to thrive. it will be weighed down with restrictions and blocks until it is no different from standard currency.
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Old 09-14-17, 10:08 PM
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you don't seem to understand a very fundamental fact about EVERY government. they will not allow a currency they cannot control to thrive. it will be weighed down with restrictions and blocks until it is no different from standard currency.
The price will still go up as it's inflation proof.

Bitcoin Block Reward Halving Countdown

Everytime bitcoin halved the price doubled rather quickly.
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Old 09-14-17, 10:42 PM
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The price will still go up as it's inflation proof.

Bitcoin Block Reward Halving Countdown

Everytime bitcoin halved the price doubled rather quickly.
Doesn't matter. You won't be able to use it.
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Old 09-14-17, 10:56 PM
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Doesn't matter. You won't be able to use it.
Bitcoin will be used bouncer - I am all in and this thread will be revived in 5 years and the ones who didn't buy any bitcoin will regret it.
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Old 09-14-17, 11:19 PM
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Bitcoin will be used bouncer - I am all in and this thread will be revived in 5 years and the ones who didn't buy any bitcoin will regret it.
I believe it will be used. I just think it will be increasingly restricted which is the trend we are seeing now.
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Old 09-15-17, 12:40 PM
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Bitcoin will be used bouncer - I am all in and this thread will be revived in 5 years and the ones who didn't buy any bitcoin will regret it.
How much have you spent on BTC?
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Old 09-15-17, 02:47 PM
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I bought some Bitcoin back in 2010 some guys in my circle were raving about it so I went for it as it was less than a dollar. I was always skeptical. When it shot up to $1000 back in 2013 I sold it all. I had about 20-25 coins at the time. I remain skeptical about it but I do know some very smart and wealthy guys who are into it heavily and believe it in. I'm still a bit skeptical, but not nearly as skeptical as I one was. I also shouldn't have sold mine back in 2013.
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Old 09-15-17, 03:24 PM
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Bitcoin has lost 25 percent of its value in 14 days

https://arstechnica.com/tech-policy/...are-cratering/
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Old 09-16-17, 01:54 AM
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Turbo you gonna miss out history repeats itself everytime the price crashes it rebounds even higher. 10k per btc soon
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Old 09-16-17, 01:59 AM
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Bitcoin has lost 25 percent of its value in 14 days

https://arstechnica.com/tech-policy/...are-cratering/
Going back up.

Bitcoin Prices Surge More Than 25% As Cryptocurrencies Recover

https://www.forbes.com/sites/cbovair...ncies-recover/
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Old 09-16-17, 02:03 AM
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How much have you spent on BTC?
I lost count but most of my coins I bought were in 2015 at $240~ I bought 4 for $1000 or so and more throughout the year mainly at $250-$400 range. Then I bought 400 litecoins at $3/$4 a piece around last year. Each ltc was pushing $90+ just last month before dropping.
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Old 09-18-17, 09:36 AM
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Bitcoin price bounces back by nearly $1,000 as market moves on from recent drama
Bitcoin has recovered by more than a third since its low on Friday.
The recent fall was caused by a crackdown by China's regulators.
But cryptocurrency investors are realizing that China no longer dominates the market.

https://www.cnbc.com/2017/09/18/bitc...2-percent.html
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Old 09-18-17, 10:27 AM
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Make sure when you keep making that money, get some new tatas while you're at it
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Old 09-29-17, 04:05 AM
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Russia Likely to Ban Bitcoin Payments, Deputy Finance Minister Says

https://www.coindesk.com/russia-like...minister-says/
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Old 09-29-17, 01:06 PM
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Chaos and hackers stalk investors on cryptocurrency exchanges
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Old 09-29-17, 02:36 PM
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It just keeps getting worse. Ready for Traps to tell me what will save it. Japan and ......
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Old 10-01-17, 10:04 AM
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China starts bitcoin regulation today.

https://news.bitcoin.com/virtual-cur...n-october-1st/
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Old 10-02-17, 07:15 PM
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It just keeps getting worse. Ready for Traps to tell me what will save it. Japan and ......
We already broke $4400 today with or without China 10k this year and 100k in 3 years.

Goldman Sachs Explores Bitcoin Trading
https://www.cryptocoinsnews.com/gold...n-wsj/#respond

Bitcoin Prices Skyrocket to $7200 on Zimbabwean Exchange During Economic Turmoil
https://news.bitcoin.com/bitcoin-pri...nomic-turmoil/
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Old 10-02-17, 09:38 PM
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Sweden Poised to Become Leading Scandinavian Cashless Society through Bitcoin

https://cointelegraph.com/news/swede...hrough-bitcoin
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Old 10-04-17, 09:47 AM
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Come back turbo.
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Old 10-04-17, 09:49 AM
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Come back turbo.
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Old 10-04-17, 10:23 AM
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Come back turbo.
I hope you have an altetnative retirement plan.
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Old 10-04-17, 02:25 PM
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I hope you have an altetnative retirement plan.

Lol. The price keeps going up and you're still a skeptic how much higher does it have to go 10k? Still a scam. 100k k. Still a scam lol. From $200 to $4500 in 2 years. See you at 100k.
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Old 10-04-17, 02:30 PM
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We already broke $4400 today with or without China 10k this year and 100k in 3 years.

Goldman Sachs Explores Bitcoin Trading
https://www.cryptocoinsnews.com/gold...n-wsj/#respond

Bitcoin Prices Skyrocket to $7200 on Zimbabwean Exchange During Economic Turmoil
https://news.bitcoin.com/bitcoin-pri...nomic-turmoil/
Not a scam. But restrictions and fees will change it dramatically.
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Old 10-04-17, 02:32 PM
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I'm gonna sit back and lol when traps hits it big and most of you here bashing him

Kids gonna be paid, yet still can't lay chicks to save his life
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Old 10-04-17, 04:43 PM
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I'm gonna sit back and lol when traps hits it big and most of you here bashing him

Kids gonna be paid, yet still can't lay chicks to save his life
Hits it big....

I hope he does. I've got a small amount in BTC, but I really don't think it will be 100k in 5 years or whatever bullshit be sings. And I do hope he has other plans. BTC is volatile as fuck. I wouldn't base my retirement on it.

Rich ass white guys that control our money aren't going to let it grow unregulated. Wait and see what they come up with.
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Old 10-04-17, 04:44 PM
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Hits it big....

I hope he does. I've got a small amount in BTC, but I really don't think it will be 100k in 5 years or whatever bullshit be sings. And I do hope he has other plans. BTC is volatile as fuck. I wouldn't base my retirement on it.

Rich ass white guys that control our money aren't going to let it grow unregulated. Wait and see what they come up with.
True.

But it's a calculated risk for sure. The payout could be big, OR not...
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Old 10-04-17, 04:45 PM
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Lol. The price keeps going up and you're still a skeptic how much higher does it have to go 10k? Still a scam. 100k k. Still a scam lol. From $200 to $4500 in 2 years. See you at 100k.
Down $80 since yesterday. You act like it is just gaining thousands every day. It goes up and down. Just not sure about your hopeful numbers and timeline.
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