The 30% drop today shows that the current demand is a little frothy
No it doesn't. It shows that someone did a surprise dump of 38,000 bitcoins. That the market rebounded so quickly shows that the demand is anything but frothy. That was quite a rebound. The sell-off happened over a period of 2 hours and consisted of hundreds of trades of 80,000 or so shares. I don't think it was a 38,000 dump by one person (but I could be wrong). I am assuming that most of it was panic trading by "speculators", so that it why I consider the rise and this selloff frothy. Now that the weak hands are out, I think that prices will continue to rise, but at a more reasonable rate. I could be wrong too. I'm too lazy to check the stats myself, but I remember reading that a 38,000 dump set it all off, and the panic selling ensued thereafter. |
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I think it's an obvious reference to bittorrent because of p2p structure. Thought this since I first read about bitcoin
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You missed the whole segment on me sending first. fail on all levels possible smh.
Furthermore, neither one of you dipshits have coins that i need so why waste my time? You can build post count elsewhere right?
We both have coins that you need. But I wouldn't sell via PayPal to Gavin Andersen himself. |
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I figured that pirate had a lot of coins.. But, I had no idea that he had control of so many that it would make the market react this much.
400k BTC, give or take 100k. At least on paper. Ah, I see so everyone is panic selling over the potential flooding of bitcoins come Monday?
Many think there will be no flooding come monday, or ever. |
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How did I miss this? Interested in any openings.
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The 30% drop today shows that the current demand is a little frothy
No it doesn't. It shows that someone did a surprise dump of 38,000 bitcoins. That the market rebounded so quickly shows that the demand is anything but frothy. That was quite a rebound. |
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I need 2 coins. Buying @12. no markup. I'll go first just show rep, yeah.
That's not how it works. At all. Paypal?? Even if you are not a scammer, in the eyes of this community that's exactly what you are. Most people here would be very cautious to sell for paypal to even the most reputable members. Either way, if someone is sending you BTC, they don't need any rep at all if they send first. |
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I can arrange a 1k BTC Bet on Pirate default if you would like.
You should start a new thread for this! You may have some takers. (notme, BurtW, etc.) |
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Does anyone know which happened first, massive sell-off or BTCST closing announcement?
Announcement. I posted this thread to speculation about 5 minutes before the massive dumps occurred. I say that not to take credit but because I am certain of the timeline. |
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Hmm, interesting if that would be the case, 5k BTC is just the amount needed to blow this 5k BTC BID wall to peaces, making way to 11.20$ just nicely.
Interesting, 3 confirmations needed by MtGox before funds can be used.
0 confirms so far..
Very interesting. |
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everyone knows this is purely speculative/silk road driven
I can't even tell you how wrong that statement is...  Don't you think it was a single-player pump-n-dump operation? Slow, persistent buying over two months to build up confidence, then a massive dump. no. |
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Team Ponzi should all be labelled as such, (maybe a dumbass tag?) - That way we know not to believe the FUD they spout Ok. I added it to myself voluntarily. i laughed pretty hard. |
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Is that Ray Kurzweil/transhumanism stuff?
Yes, though the Singularity Institute doesn't directly work on transhumanism much as far as I know. They focus mainly on trying to kick-start the singularity (ie. explosive technological progress) by creating benevolent human-level artificial intelligence that is able to quickly improve itself. Very cool. |
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Odds of pirate repaying everyone who then cash out + odds of downward volatility + odds of pirate dumping his coins + odds of people who have not yet seen the market today who freak later > odds of no drop in price. JMHO
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- The Singularity Institute
Is that Ray Kurzweil/transhumanism stuff? Gives me the heebie jeebies. |
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The OP has sucked too much Pirate cock. How the fuck do you know that Pirate brought opportunity to bitcoin when no one even knows his business model? You are super ignorant.  Yeah, the dudes that shake the economy are the morons on the speculation board who profit $3 when the BTC price moves by $2 up and down  lmao |
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So many unknowns! As much as I hate being USD-exposed, I'm selling more right now and hoping to profit from the volatility. But I'm fully anticipating single digits followed by a big swing back up.
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...Do you know how hard it is to manually create TCP/IP packets.
This sums up the problem entirely. The one difference, a rather large one, is that for bitcoin, "packets" are worth a lot of money, and people will always be deceiving others into giving them up. |
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Proud to say that I created the very first account on bitcoinmax  I'm sure payb.tc will handle this situation with much integrity. |
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