The bug is widespread and it is going unnoticed.
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and if you invest in ponzi you are likely stealing coins from your fellow bitcoiners
This is a better way of seeing it to discourage more participation.
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Since there are so many "honest ponzis" out there right now, I just thought I'd throw this out there: - You are not gambling, you are sending money to someone and hoping you get more back. There are no odds, no fairness.
- Anyone can put up a blockchain API with a little bit of code and then just shut it down when they think they have enough money.
- There are actual gambling websites out there...why would you take the chance on this when you can have actual odds with provable fairness
Make smart decisions. A fool and his money are quickly parted. I totally hate all these ponzis. But, honestly, here is what people think about ponzis: Ponzis at an early stage has more odds of winning than in gambling. Members insist on automatic payouts, because then, at a point, a ponzi with instant sent, will have max, 1.299 BTC at a time. (If the next on line is a 1.3 for a 1 btc max.) This is less than the fee they will get if many people deposit. People work on these observations, and of course many people lost money. I wonder why they are not screaming it here?
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In another site, the situation was reversed. No payout. It was fixed, but manually. Don't get surprised, if you were next in line and didn't get payout.
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Seems to be working for me.
There is some bug. It is skipping payouts for 1? Or just the order is wrong?
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I still believe so. The push down is intentional. It will drain market confidence, people lose hope, panic sell. Then comes the turnaround. I bought them back and is waiting patiently.
If you believe in the fundamentals of Bitcoin, there is no reason for you to sell, unless you are quite short-sighted.
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Stealing Bitcoins right under your nose.
Note: We are taking 12% transaction fee to keep us Live!
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Whales are not stupid enough to push the price to $50 or 100 or lower. They will push it to a small price and cause panic sell, then they buy them back in huge lots and make people go crazy on Bitcoin,... and the cycle goes on.
The price has almost fell to the low. It is time for the whales to reverse their move and make profits from panic sellers.
Hopefully, someday, the price of Bitcoin will depend purely on adoption and be real and not so easily manipulatable.
I will put the price of change between 199 and 250.
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From this point of time it is $9. It cannot go lower than that. Unless something misplaces bitcoin, which is quite unlikely in current situations. If price hits say $25, you can expect people to buy in hordes of bitcoin for a chance to become a millionaire sometimes in the future. No chance, in this range you're seeing next to the last bit of panic sellers doing their thing and we're down to a very small % that is willing to sell at this point and the traders are realizing that. Buyers are holding the 244$ range after the drop and the potential final purge into the low 200s will trigger shitloads of buyers of all kinds scooping up last call on the cheap coins. Like, backing the fucking truck up and going all in like we've never seen. I just bought myself a nice lot and reserving the bulk of my available fiat if it sinks to or below the 220 mark. The rebound may surprise people. You are right. I am only saying the worst possible scenario. Whales are not stupid enough to push the price to $50 or 100 or lower. They will push it to a small price and cause panic sell, then they buy them back in huge lots and make people go crazy on Bitcoin,... and the cycle goes on. The price has almost fell to the low. It is time for the whales to reverse their move and make profits from panic sellers. Hopefully, someday, the price of Bitcoin will depend purely on adoption and be real and not so easily manipulatable.
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1) Stop looking at the market price, dumb idiots
2) Bitcoins destiny won't be related to its market behavior until consumer adoption begins to affect it.
3) Right now the entire market "world" is a bunch of day traders, manipulators, speculators, and whales.
4) The Bitcoin Market has nothing to with whats going on -------> out there in the field. In the ecosystem.
5) The ecosystem is building its infrastructure. Then will come consumer / enterprise adoption.
6) Then you will see a Bitcoin market price that is affected by its actual utility and use.
Not a day before.
Until then, the Bitcoin price has nothing to do with Bitcoin. Its potential for success. Nor its potential for failure.
Period.
-B-
Well said. That is exactly how it is. It is currently just a tool for whales to make profit. Bitcoin is far away from failure. And the time for the real affect is coming closer than ever.
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not much we can do about it...the fad will die down soon hopefully
Why not? Add ponzis (or scams, to be more direct) like the Games and Rounds one. And ponzis should be allowed to create threads only on that board.
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Fun Fact: If there are no hidden orders at Bitfinex (and no bots putting orders when a particular price is reached), and you want to buy 16k Bitcoin atm and you have unlimited USD, and you put a limit order for $1000000000000 it wouldn't get filled fully.
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before they take over the gambling section
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Except BTC did not get any major exposure until this past one. Even the after $266 bubble, not many knew much about it. That $266 bubble came and went almost too quickly. It wasn't until $1000+ that things got really crazy, and then the adoption followed. By now everyone has heard of Bitcoin. Everyone.
The only way I can see $3500 happening at this point is if the market goes stagnant for about 3 years, while Bitcoin continues on, so that everyone involved in 2014 and right now just forgets about it and are no longer involved and won't have any BTC to dump into the rise.
I would love to be wrong though and see something happen much sooner.
No, not many people know of Bitcoin. Most of them who have heard about it, is not interested after hearing the price. They just think that they can only buy bitcoins at 1s and 2s (I mean no decimals or fractions). And some even believe that it is for geeks etc. and relate to all bad news you can get.
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Are you sure you are looking at the chart not upside down? You should be saying its more likely to breach the $200
Never rely your analysis on charts. It is merely a matter of perspective. If you look at the chart from say last year, you will say it was bad. If you look at the chart from the beginning, you will say it is great. It just depends on where it starts from. All results you get from analysis is not exactly right. Bitcoin price is not just mere demand supply relationship.
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Wait! Is it the guy who stole millions from bitstamp selling off slowly? Or is the market panicking because of the possibility of a sell off? Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.
You are wrong. If price rises in a strong bull run initially, price will go up for sure. There will be people to buy in as long as they belive price has not capped out. From your viewpoint, the current situation is not possible, because people are not willing to sell off at small prices. Which proves that market does not behave like that
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Yeah, I think it can breach the $3000 mark quite easily. And I expect it to hit there by April 2015. It is based on behavior of whales, and not on any price analysis.
The market has become extremely volatile and it is quite possible to cross $3000 as well as to hit $200. But the chances are it will cross the former before going for another huge crash to probably $100 and then the cycle goes on...
Markets moves will be highly unexpected. Be it up or down.
If it happens it will be more like $230 > $4500 > $900 then block reward hits and we go to $10k+ btw, I sold my entire thing @ 250 and is waiting for the whale to finish its job...
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From this point of time it is $9. It cannot go lower than that. Unless something misplaces bitcoin, which is quite unlikely in current situations. If price hits say $25, you can expect people to buy in hordes of bitcoin for a chance to become a millionaire sometimes in the future.
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Yeah, I think it can breach the $3000 mark quite easily. And I expect it to hit there by April 2015. It is based on behavior of whales, and not on any price analysis.
That's quite a big call. More than 10 times price growth in around 3 months. We have seen something like this before, but only when MtGox was busy pumping up the price and speculators piled in to follow the trend. Who will it be this time to pump in a few hundred million dollars, either real money or fake trades? I am depending my observation fully on the behavior of someone who control large amounts of bitcoins and tries to make profit from leveraged trading. It is quite possible. Once a clear bull run is obvious everyone will jump in.
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