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Title: The market price and speculation around the price drop (December 9th 2014) Post by: promojo on December 09, 2014, 03:46:37 PM What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays?
There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? Any comments/feedback appreciated. I think we are all bears at this point. Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: amaclin on December 09, 2014, 03:54:17 PM Quote There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? Yes. It is true. There are ~ 2160 addresses and ~ 2256 private keys 256 - 160 = 96 Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: promojo on December 09, 2014, 03:58:03 PM Quote There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? Yes. It is true. There are ~ 2160 addresses and ~ 2256 private keys 256 - 160 = 96 So. With that said. Can you explain this in english to people that don't understand? I think we need to make people aware of this.... Thanks Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: amaclin on December 09, 2014, 04:03:46 PM Quote Can you explain this in english to people that don't understand? No, I can not. I speak English very bad. And tired explaining the obvious thingsQuote I think we need to make people aware of this.... Why?Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: Guido on December 09, 2014, 04:10:41 PM There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? link? or else you're just a bear spreading fud thanks Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: leex1528 on December 09, 2014, 04:12:38 PM What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays? There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? Any comments/feedback appreciated. I think we are all bears at this point. Who said price is going down? It has been going up for me? Do you have any valid information other than just saying price is going down? Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: promojo on December 09, 2014, 04:14:16 PM What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays? There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? Any comments/feedback appreciated. I think we are all bears at this point. Who said price is going down? It has been going up for me? Do you have any valid information other than just saying price is going down? It appears that price is going back up. Rebound in the last 30 minutes or so... Right when I posted this? Thoughts? Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: promojo on December 09, 2014, 04:14:38 PM There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? link? or else you're just a bear spreading fud thanks That is what I am trying to figure out here..... Looks like we have a rebound on the way? Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: dserrano5 on December 09, 2014, 04:58:02 PM Yes. It is true. There are ~ 2160 addresses and ~ 2256 private keys 256 - 160 = 96 I think we need to make people aware of this.... STOP THE PRESS! BITCOIN'S BROKEN!! Now seriously, aware of exactly what? It appears that price is going back up. Rebound in the last 30 minutes or so... Right when I posted this? Thoughts? That must be because you are The Manipulator. Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: newIndia on December 09, 2014, 05:03:22 PM What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays? There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? Any comments/feedback appreciated. I think we are all bears at this point. We know that from 2009. Why on earth this will have any impact on price ? It'll take u a few sun life to find one of those 296 combination against a certain address. Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: LiteCoinGuy on December 09, 2014, 05:11:40 PM buy = price up
sell = price down Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: DannyHamilton on December 09, 2014, 05:14:02 PM For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? This is true. There are also significantly more than 2^255 private keys that DO NOT fit. This means that if you choose a private key at random, you have a 1 in 1.46X1048 chance of choosing the private key of a specific address that you are attempting to attack. That's a 0.000000000000000000000000000000000000000000000068% chance of success. (6.8X10-47%) Of course it is impossible for there to EVER be more than 251 bitcoin addresses that simultaneously have a balance in them (specifically there will never be more than 2,099,725,475,410,000 addresses that simultaneously have a balance in them). Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: promojo on December 09, 2014, 05:18:08 PM For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? This is true. There are also significantly more than 2^255 private keys that DO NOT fit. This means that if you choose a private key at random, you have a 1 in 1.46X1048 chance of choosing the private key of a specific address that you are attempting to attack. That's a 0.000000000000000000000000000000000000000000000068% chance of success. (6.8X10-47%) Of course it is impossible for there to EVER be more than 251 bitcoin addresses that simultaneously have a balance in them (specifically there will never be more than 2,099,725,475,410,000 addresses that simultaneously have a balance in them). Thanks for clearing this up... I just kept on reading this morning about people talking about this and making it seem like it is breaking news. Cheers Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: promojo on December 09, 2014, 05:21:51 PM That must be because you are The Manipulator. Whoa there cowboy. I ain't trying to manipulate anything. Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: fewcoins on December 09, 2014, 10:13:28 PM Okay well back on topic, We are in a pretty tight range & will continue to trade largely sideways probably until the year ends...
Plenty of money to be made here... Looks like we hit a wall & I see almost 3k coins willing to be bought at $330 A bounce is expected, probably to 400 maybe more, then we will come back to test this 350 level again. I covered my shorts yesterday once we got into the 340 range, Looks like this accumulation will continue for a while so I am starting to nibble in the area in case of another run to $470+ Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: promojo on December 10, 2014, 05:08:47 PM Okay well back on topic, We are in a pretty tight range & will continue to trade largely sideways probably until the year ends... Plenty of money to be made here... Looks like we hit a wall & I see almost 3k coins willing to be bought at $330 A bounce is expected, probably to 400 maybe more, then we will come back to test this 350 level again. I covered my shorts yesterday once we got into the 340 range, Looks like this accumulation will continue for a while so I am starting to nibble in the area in case of another run to $470+ I have been shorting as well.... I went back in at 344 and sold off yesterday at 346.... Waiting to re-enter - I thought we were going to fall again and from the looks of it we are simply going sideways. I might buy on the low end today. Hopefully. Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: resya on December 10, 2014, 05:37:06 PM Those who are still at a decent profit should be selling now and waiting to see what happens. Take your profits because you can always buy back and profit again later when things looks better. Downtrend right now and heading to a weekend. Smart to sell and wait if youre at a profit.
Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: sniveling on December 10, 2014, 09:19:13 PM Okay well back on topic, We are in a pretty tight range & will continue to trade largely sideways probably until the year ends... Plenty of money to be made here... Looks like we hit a wall & I see almost 3k coins willing to be bought at $330 A bounce is expected, probably to 400 maybe more, then we will come back to test this 350 level again. I covered my shorts yesterday once we got into the 340 range, Looks like this accumulation will continue for a while so I am starting to nibble in the area in case of another run to $470+ I have been shorting as well.... I went back in at 344 and sold off yesterday at 346.... Waiting to re-enter - I thought we were going to fall again and from the looks of it we are simply going sideways. I might buy on the low end today. Hopefully. Looking at the weekly charts for the big exchanges there appear to be big 2.5k dumps early in the week that have gradually got smaller and smaller before mid-week. Today there only seems to have been a few relatively small dumps that the price quickly bounced back from. My guess is also that we are simply going sideways for a while, and afterwards we might start going up. Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: fewcoins on December 11, 2014, 05:59:13 AM We def are trading sideways but the range keeps getting smaller and smaller... Something has got to give!
Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: botany on December 12, 2014, 09:09:04 AM Those who are still at a decent profit should be selling now and waiting to see what happens. Take your profits because you can always buy back and profit again later when things looks better. Downtrend right now and heading to a weekend. Smart to sell and wait if youre at a profit. The question is how much lower can you go? If you are anyway looking at moderate downside, better to hold your coins. Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: fewcoins on December 13, 2014, 02:56:13 AM What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays? There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? Any comments/feedback appreciated. I think we are all bears at this point. The drop is not over... Mini drop today was shorters getting good positions in. Looks like we will stay lower than 350 soon Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: promojo on December 15, 2014, 02:01:35 AM What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays? There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors? Any comments/feedback appreciated. I think we are all bears at this point. The drop is not over... Mini drop today was shorters getting good positions in. Looks like we will stay lower than 350 soon I think that is the case! Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: mlferro on December 15, 2014, 03:30:08 AM buy = price up sell = price down if I'm not mistaken, this is the most important rule in economics not fight me if I'm wrong, because I do not understand almost nothing of the matter, (I learn a little about it reading here on the forum) Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: promojo on December 15, 2014, 03:29:49 PM buy = price up sell = price down if I'm not mistaken, this is the most important rule in economics not fight me if I'm wrong, because I do not understand almost nothing of the matter, (I learn a little about it reading here on the forum) The thing is with crypto I think that is the total opposite :) With all these dips and crazy action going on we never know where she is going to head... one moment everyone is buying and then immediately selling at the top. Title: Re: The market price and speculation around the price drop (December 9th 2014) Post by: leex1528 on December 15, 2014, 04:10:09 PM The thing is with crypto I think that is the total opposite :) With all these dips and crazy action going on we never know where she is going to head... one moment everyone is buying and then immediately selling at the top. What dips and crazy action are you talking about? The last month has been the most non-chaotic, crazy, stable action Bitcoin has seen in its life. |