Based on it's unbearable stagnating activity, it will do one of these two things. I don't know which:
1) It will start rallying up and then stagnate really high for a week until bearish speculators think it won't go back down and finally buy overpriced coins. Once they've all bought all in, it will crash to $3-4 and stagnate there until the bearish investors think it's never going back up and sell.
2) It will have a happy crash to the $4s for cheap coins before going back to the 5s.
The longer it stagnates, the more likely #1 will happen.
I have a bunch of end of month expenses and unless it crashes to below $5 soon, I'm just not going to buy till first week of October after the beginning of the month crash is over with because it takes time to transfer out of Gox, then from Dwolla to my bank account.
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This is covered somewhat 2 or 3 posts above this. With a hashing algorithm that randomly changes every so often, it would hopefully not be possible to profitably keep up with FPGAs or ASICs. Not being a cryptographic expert, I can't say how different algorithms would affect the CPU vs GPU debate, but that is something that can be worked out before releasing the software into the wild.
Okay let's make it change each block and be different each time. But that's not good enough, we also should make this change boost the encryption of the cryptocurrency too.
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When the price moves, people can say they bought at the lower point and then once it gets to the higher point, it's a good time to sell and people are happy.
But because the price has been stagnating at 5.50 for close to a week. In the past it's done that then jumps to about 40 cents lower and just sits there twice as long. Occasionally, it'll be worse and actually rally up several dollars and then one misses it. Either way when it stagnates for days like this, it means to screw somebody over.
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I'm thinking the price movement came not from the high volume orders, but from others reacting to them.
Many speculators went all in above $6 expecting the price to rise.
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Man, I was wondering who put that massive bid wall up. This is going to have us stuck at an artificially high BTC price for days! I have found that whenever I buy on a bull market, the price drops. The only way to buy coins that aren't overpriced is the very tip of a bear market. I was hoping Thursday it would drop but it's Saturday and still not stagnating. If it doesn't drop soon, I'm just taking my money out (to pay my rent) and then not putting any in until October 7th as the first week of the past few months have always been massive price drops that permanently lower bitcoin prices by several dollars. Oh and this winter when mining makes electricity basically free, price may reach I don't know $1 temporarily.
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Chargebacks are 90% "friendly fraud". Buyers get stuff delivered to their home in their name and claim to the banks they didn't make the purchase. Despite all the seller proof, the bank still sides with the criminal cardholder (my experience as a merchant). Or other types of "friendly fraud" like the post office not doing their job scanning zip codes, or buyers forcing a refund for "not as described" and returning and empty box with tracking numbers.
The other 10% is when a merchant is stupid enough to think scamming people with credit card payments is a good idea.
Or it could be 99% and 1%. I'm not sure, but it's mostly "friendly fraud".
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Chargebacks are never voluntary between both parties. The merchant gets a huge chargeback fee and then are at risk of losing their merchant account for it.
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The Manipulator has cancelled his 3000BC buywall so my money is a drop to $2. I'm going all in with a large order of all my money for $100 worth of coins there.
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Paying with bitcoins like this is like paying with cash except if someone steals your cell phone, it should have enough password protection both in the phone's app and in the service the app connects to so you can basically carry tons of cash but can't be robbed.
Oh and chargebacks are mainly used for "friendly fraud".
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Well, That wall won't let it go down! And, it seems whenever some bids get put down in front of the wall, they just get sold into, holding the price just a few cents above!
Someone just broke and sold 3000 into in down to 5.4. It will take a lot of work to get to 5 though. So we shall see. They're anticipating we'll be back to 4.6 to 4.8 within the next couple of days. And that just isn't possible. It'd break all the long term trends and indicators. No, the price is tricky. It does what you least expect of it. Probably because all the speculators are counting on what they expect of it so it does something else. I want to know though, what makes it stagnate for days on end?
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So it only moves maybe 10 or 20 cents all day.
Does anyone know what is going on with the market or why it does this?
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I dont get this whole "manipulator" thing.
The 90% that lose money to the 10% (took that from a radio ad for the forex, I really have no idea) need something to blame their poor performance on. It's much easier to justify losing money when some unfair unbeatable force took it instead of admitting to unwise investments. The Manipulator is making it stagnate at 5.50 instead of drop to below $5 so we can get in at a definite good time to buy.
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Creationists insist that teachers teach fire, air, water, earth, and spirit as elements. Though this is biased because the Chinese use a different system.
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Crash to $2-3-4 is a myth. It will crash there only after first getting stuck in the $6s or higher, tricking bearish investors thinking it will never go down again and $6 is the new low. Only after getting all their money will it finally jump down to a new low. Oh and at the start of October it will likely go down as it does normally at the start of a month.
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Today was an awful day for speculators because the price just stagnated. I hope tommorow it will do its weekend drop.
haha, so a high/low diff of 8% is stagnation now, is it? Welcome to Bitcoin, folks Those are the very edge of wild swings. The price has been 5.50 the whole time with only a 1% difference (about 10 cents) in either way both times.
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I wonder what happened at Sibos...
Price is stagnating horribly. It's horrible!
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Has anyone written a fictional story about what it would be like to live on a libertarian island that was intentionally built that way? I'm having a difficult time with understanding how it would work. After the headache Ayn Rand left me, I would hope that this idea has improved in the last several decades.
Does Bioshock count? Maybe Gulliver's Travels? Psychic mutants and Lilliputians are just as believable as a Libertarian society. Oh wait, there's 4chan's /b/. Well back when /b/ was good.
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Today was an awful day for speculators because the price just stagnated. I hope tommorow it will do its weekend drop.
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Has anyone written a fictional story about what it would be like to live on a libertarian island that was intentionally built that way? I'm having a difficult time with understanding how it would work. After the headache Ayn Rand left me, I would hope that this idea has improved in the last several decades.
Does Bioshock count? Maybe Gulliver's Travels?
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I hope you don't become a detective when you grow up.
He's an internet detective!
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