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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 19, 2014, 05:25:45 PM
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I wonder if this all is due to the new derivatives approved for Bitcoin approved by the CFTC. Basically, a big player takes a bunch of naked CDSs on Bitcoin (about 100 insurance policies per reference base) and crashes it intentionally. If somebody did that it would be a guaranteed massive profit.
I don't think that's it as this is such a new market, but this is an old Wall Street game that has been played with the other commodities. Note that since Wall Street entered, the price has dropped almost $300 (nearly 50%). You are all getting f---ed, you know.
they said they would do it and here we are. Who? Proof? You're saying people are selling the equivalent of goxbux? |
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925
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 19, 2014, 01:39:49 PM
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... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...
if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.
Was this fix put in place? I've had similar concerns about a "remove hashing power" attack Would never happen to a big coin like btc: to much power needed. Like 99% attack... |
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927
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 18, 2014, 11:29:57 PM
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The last time the price was at this level, there were: BFX/Bitstamp only 16m USD in bids 37k BTC in asks Today: 13m USD in bids 41k BTC in asks Pretty bleak imo. Has BFX ever been audited? Hell if I know. What I do know is, if I do buy some more, that money/those coins wont sit there for more than a few days. (Fuck you Karpeles) |
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935
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Economy / Speculation / Re: Last hour I bought 20 BTC ( + 100 BTC before = 120 total in two days).
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on: September 18, 2014, 09:07:45 PM
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Except I was right all day and not 2x a day.
But you will ignore that.
Inconvenient truth.
I have connections with the whales. I'm not speaking out of my ass.
3 hours ago you mentioned whales will sell. Guess what? That was after the price already took a dive.  Come back in a week or in a few days. How about next time you have magical insider info, you give it before it already happened. You do know that 12 hours ago I predicted about 10k of market sells and a bottom of ~$400? Yeah, that happened. Who is the prophet now? Oh wait, I actually said.. I am a bear and think the price will continue dropping. But, by your logic, I said all of the above.Big difference. |
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938
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Economy / Speculation / Re: Last hour I bought 20 BTC ( + 100 BTC before = 120 total in two days).
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on: September 18, 2014, 08:43:28 PM
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 gambling with that amount of money is irresponsible
bragging about it is dumbI lost more than that on Gox.. I think if he can throw that kind of money around, 50BTC isnt that much to him. Song won't make your dumb choice any smarter. You just lost money like a total fool. And it will only get worse.
Oh quit being an asshole. You dont know the future any better than he does. If he loses, that's unfortunate - but we have yet to see that. Want to come back in 6 months if the price is still not above $450 and insult him? Go ahead. But right now? No. I know the future, because I know the right people. I told you what will happen, exactly that happened. Today. You can check my post history and how it correlated to price drop. I know when whales are selling. I'm insulting him, because he is a stubborn moron refusing to listen. Oh well, it's his money lost, not mine. A broken clock is right twice a day. |
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940
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Economy / Speculation / Re: The time to buy is when there's blood in the streets.
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on: September 18, 2014, 08:18:13 PM
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Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that "The time to buy is when there's blood in the streets."
everyone was waiting for the buying opportunity, well there you have it.
the only form of money better than gold in the last 3000 years is on sale at the same time as the entire world uses a paper money system that has never worked in the past,
if you don't see the stars aligning you don't deserve to be rich.
Unfortunately for you, there is not much blood in the streets right now. Most people are still at massive profits at these prices. |
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