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The amount of FUD I've seen lately on these forums and elsewhere (reddit) is making me very bullish. You have to wonder why these trolls spend so much time denouncing Bitcoin if it is on its way out anyway. If I thought Bitcoin was headed to 0 I wouldn't spend my time around here.
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I imagine a lot of coins are being cashed out in the Newegg sale... you can get 30% off a $500 order with Bitcoin right now, effectively adding $150 purchasing power to your coins. Has to be attracting a lot of attention.
Whether this is the main cause for the drop though, I'm not sure, but it may be contributing.
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Nice stealth edit there. You said the wall at $517 wouldn't fall before.
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I can't buy or sell on Coinbase right now it seems. Button doesn't show for either. Probably just a technical issue |
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Does anyone actually believe that FUD on the Wall Observer thread can actually impact the market?
Not a chance imo. In the old days yes. |
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Last chance to buy sub $500?
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I have the same feeling. Although, it seems like this drop has spooked more people than the March drop. Probably because we picked up a lot of new buyers in March. Wouldn't be surprised if a lot of this new money is selling now in hopes of buying back in lower. Anyway this seems like a good prerequisite for an eventual rally. We'll never hit a new ATH or go upwards in any significant way when everyone is expecting it  |
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Median home price of $1 million, where? It's more like $200-300k in the US, minus New York and some areas of California.
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Fullnodes need to be incentivized otherwise they will become a liability to the entire network. Bitcoin cannot rely on the assumption that there will be altruistic users running fullnodes.
Not really sure what can be done to "incentivize" running nodes but honestly if you have Bitcoins, especially a significant amount, that in itself is reason to run a full node. Protect your investment and all that. |
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It was always like this! Good news price is going down because people sell it more than people buy it!
If only the sellers would wait a little more for buyers to put the orders the price would go up!
I'm not sure if the drop is caused by "people" selling but I'm thinking that the sudden fall could be triggered by a whale. Whale sees market stable and in a narrowing range. Several medium dumps get the speculators nervous. Another dump and a wave of selling occurs, becomes self reinforcing driving price down to waiting bids. Whale buys and price gradually returns to where it was originally. Whale has accumulated, panic sellers and buyers lose. Rinse and repeat! Nailed it. |
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I have a small suggestion for the Counterparty site... when clicking on any exchanges listed there it just brings up a larger version of the site's logo, maybe have a link pointing to the respective XCP trading page instead? Just seems like it would make more sense from a usability standpoint. |
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And the price doesn't move.  Could be priced in to an extent... I'm sure some big players knew this deal with Coinbase was going to happen beforehand. |
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It looks like the note was attached to the transaction under it.
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Do you have to log in and register?  Like I said, they're pretty poor at showing it, I had to point out to scan.co.uk they had left bits of their website without the Bitcoin logo on it though that seemed more of an honest mistake than anything deliberate. I dunno, there's also a big background on the front page that says 'Pay with Bitcoin - Learn How'. Not sure how you'd miss that, maybe it isn't showing yet for everyone... If you're in the UK, could be why as the background might be geotargeted I guess. |
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Didn't Overstock send the price up by $100 or something? Newegg news is way bigger
We have to wait for the news to be properly confirmed first, so far this is only a rumour, when we see them actively using it on their checkout then it's news, the problem with these websites that suddenly declare they accept Bitcoin is they do a pretty poor job of showing it. What? It is implemented, in fact Bitcoin is the first option available on their checkout screen. |
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Didn't Overstock send the price up by $100 or something? Newegg news is way bigger
I don't remember the price moving that much on the Overstock news. |
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LTC going crazy.
Anyone dare to jump in for mad profits?
Hell no, I'm staying far away from LTC. I dumped all my holdings as soon as ASICs started hitting the market, there's really nothing to differentiate it from BTC anymore, wouldn't be surprised if it continues to go down. I'd rather bet on an alt that is trying something new like XMR. |
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One buyer is very bullish. It means the sale price was likely higher than most anticipated.
It means only that one buyer with deep pockets was less greedy than all the others. They may all have bid at 475$, and he bid 480$  EDIT: typo, 460 --> 480 It is unlikely that this buyer bid just $5 higher than the rest and won *all* the blocks. My guess is they bid at least $100-200 higher than market across the board. What makes you think that $475 was the second highest bid? Not sure if you're responding to me or him... but I don't think that, there were probably some lowball bids with more than a few near market or above. I already expected the coins to go for a premium as there is some value in getting that much BTC with absolutely no slippage, plus the fact the coins are coming from a "trusted" source. His hypothetical situation where the winning bidder outbid everyone by just $5 isn't plausible though. Odds are the winning bidder had to of went significantly higher than everyone else to get all the blocks. |
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One buyer is very bullish. It means the sale price was likely higher than most anticipated.
It means only that one buyer with deep pockets was less greedy than all the others. They may all have bid at 475$, and he bid 480$ EDIT: typo, 460 --> 480 It is unlikely that this buyer bid just $5 higher than the rest and won *all* the blocks. My guess is they bid at least $100-200 higher than market across the board. |
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Monero. It'll hit the top 10 by market cap pretty soon.
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