Rassah (OP)
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Merit: 1035
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August 18, 2012, 02:00:02 AM |
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I seem to remember that price fluctuations like the ones we had today were fairly normal a year ago. So... does that mean things are back to normal in bitcoinworld, and we shouldn't worry?  |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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stic.man
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August 18, 2012, 02:14:25 AM |
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block is gonna halve soon, everyone knows this is purely speculative/silk road driven, no reason to think it won't go ridiculously high even if it makes no sense, can be used on a small scale between people in far off places, love the idea, won't ever get past the underground designation, doesn't mean you can't profit huge off of it, I did last year.
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evoorhees
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Activity: 1008
Merit: 1021
Democracy is the original 51% attack
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August 18, 2012, 02:41:33 AM |
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everyone knows this is purely speculative/silk road driven
I can't even tell you how wrong that statement is...  |
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niko
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August 18, 2012, 04:28:05 AM |
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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. |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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finkleshnorts
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August 18, 2012, 04:34:35 AM |
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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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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 18, 2012, 04:35:08 AM |
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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. ya no. |
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zby
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Activity: 1592
Merit: 1001
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August 18, 2012, 04:37:04 AM |
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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. There was certainely occasions when it looked like it - someone was countering all corrections to fuel the confidence. For example look at this: http://bitcoincharts.com/charts/mtgoxUSD#rg10zig1-minzczsg2012-08-17zeg2012-08-17ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzvA dump quickly countered so that the trend lines hold, that was not rational assumming accumulation goal. There were others - but this is perhaps the most obvious. But I think that he did not actually profit from this - he did not predict that the reaction will be so strong. I hoped he'd dump this dump as well. |
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Beta-coiner1
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August 18, 2012, 05:04:57 AM |
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^By that rationale,wouldn't that mean that the surge in bitcoin is not over in the short term considering he wasn't successful in the aim of gaining profit.
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zby
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Activity: 1592
Merit: 1001
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August 18, 2012, 06:15:51 AM |
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^By that rationale,wouldn't that mean that the surge in bitcoin is not over in the short term considering he wasn't successful in the aim of gaining profit.
I am basing this on that last push that I shown on bitcoincharts above - it spiked to nearly 14 - so I think he must have aimed to 16 or something, but maybe not maybe he cashed out. It is also possible that now all his funds are tied - because his walls were sold to - so I would not count no him pushing more. |
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