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the ask walls @ 515 on both exchanges are not a sellers; they're blockers.
they must know something is coming in September which will force the price up. that's my sense.
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all this jockeying back and forth putting up and then pulling down those walls are only meant to block a price rise. if the seller were truly interested in selling, he'd be hitting bids and driving down the price. that's not happening. it's a blocking technique.
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still higher lows on the 1h. pretty much up against the walls. buyers still not backing down.
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it's bullish that price is sticking so close to the ask walls. it doesn't appear that buyers are backing down. also, why aren't the ask walls wiping out bids on the buy side? manipulation to prevent/stop a rise in the price? sit tight; maybe a bull whale will come along and wipe out those ask walls.
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ghash 20%, Discus 24%
i thought ghash was supposed to take over and trash the entire network?:
yes just like BTC Guild and ASICminer before them. Wow and I can't even come up with the 50% contender before that. They had a huge fee but were immensely popular up to the end of 2012 (and maybe a little longer). Help me remember? Also: Who the hell is Discus?  yeah, i'm always forgetting the name of that one too. Artforz's mine. |
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i was a student long ago too. how naive i was.
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Scary. As. Hell. One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network. I hope that these bitcoin facilities are hard to track down. But with all the electricity it is sucking, I doubt it... whose missile? certainly not a US one. neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk. Can you say Terrorism? well then, the US gvt would have to pay the consequences of its actions. I'm just concerned that these bitcoin mining facilities, that are supposedly running the greatest worldwide virtual currency network ever seen on planet earth, have all the security & disaster hardening equivalent of a shabby convenient store. In the near future we could be talking about $100+ Billion worldwide market here. Even most corporate HA/DR data centers are better designed than this. Bitcoin's peer-to-peer design IS the security and disaster hardening. That mining facility is just one peer on the network. Bitcoin is likely too big to fail at this point. the fact that we now have dozens of facilities like this scattered all over the world will maintain decentralization. this is the free market dynamics at work with all of them chasing profit. |
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ghash 20%, Discus 24% i thought ghash was supposed to take over and trash the entire network?:  |
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Why is twobitidiot on Twitter claiming this only applies to hot wallet?
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Scary. As. Hell. One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network. I hope that these bitcoin facilities are hard to track down. But with all the electricity it is sucking, I doubt it... whose missile? certainly not a US one. neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk. Can you say Terrorism? well then, the US gvt would have to pay the consequences of its actions. |
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Scary. As. Hell. One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network. I hope that these bitcoin facilities are hard to track down. But with all the electricity it is sucking, I doubt it... whose missile? certainly not a US one. neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk. |
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The ECB will be printing many many euros to prevent deflation.
buy Bitcoin |
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turning back up on the 15 min and 1h...
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