molecular (OP)
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August 24, 2012, 12:08:40 PM |
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if I had the fiat, I'd put up a stairway to hell
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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molecular (OP)
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August 24, 2012, 12:17:50 PM |
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For the true believers, stairs to the heaven is a gift (bitcoin) God sent.  Hell yes, 100k easily grabbable coins below $12 I figure it will not be to long before bullish people realize that a lot is available cheap and the others clue in that buying it up would prevent the dump they fear. yeah, it would also be "pretty bullish" for bitcoin to rise on such humongeous volume and probably kick off a rally. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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muyuu
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August 24, 2012, 12:21:07 PM |
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if I had the fiat, I'd put up a stairway to hell
That would be unnecessary risk. Time ticks in favour of the patient. Pirate has an additional 5000 BTC debt per day currently. Most of us have no hurries and can wait to see whether he tries a dump-and-pump this weekend or not. The deadline for Vandroiy's bet is not far away. |
GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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elux
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August 24, 2012, 04:03:06 PM |
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IMHO, the Million Dollar Stairway to Heaven is the mysterious 100K transaction from: 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYMAn address that has been shown to be carry an unusually strong pirate stink. Disclaimer: IANA Bitcoin Forensic Crack Stop obsessing about the completely stupid encoded message transactions.  Let me return your attention to something interesting instead: It seems likely to me that the Really scary 100K transaction of not-so-impending doom from August 19 was not sold, but instead used to build the 100K BTC, Million Dollar Staircase we now see on Gox:  I have nothing to back this up, other than the fact that again, both the timing and the numbers seem to add up very nicely. When did the Million Dollar Staircase first pop up? How many BTCs was it originally built with? (Before the $10.20 spike damaged the lower steps.) Does the Million Dollar Staircase belong to the owner of 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM?
PS: If BTCST investors want their Bitcoins back, why not purchase a step of the stairs? Take back the Bitcoins that were taken from you. Right now they're just sitting there, uselessly. |
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kneim
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August 24, 2012, 04:27:42 PM |
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No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
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elux
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August 24, 2012, 04:33:47 PM |
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No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
It's a pirate, not a serious trader. |
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kneim
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August 24, 2012, 04:38:15 PM |
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No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
It's a pirate, not a serious trader. Yes, but my main point is: it don't want to sell |
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kneim
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August 24, 2012, 04:47:51 PM |
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No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
It's a pirate, not a serious trader. Yes, but my main point is: it don't want to sell He will do it the way that his steps start far behind 10 USD. Only frightened people sell now, too late on low price after the last high, and that makes the pressure on BTC price. |
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phatsphere
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August 24, 2012, 04:50:24 PM |
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i don't understand why there is this staircase at all  |
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kneim
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August 24, 2012, 05:05:10 PM |
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i don't understand why there is this staircase at all It does not really matter. Perhaps it is bullshit. Perhaps it is testing other's behaviour. Perhaps it want to buy even more coins. I have the coins I need (at 10 USD), and buy even more on lower price. |
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jwzguy
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August 24, 2012, 05:11:47 PM |
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No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
This has been my suspicion as well. |
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kneim
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August 24, 2012, 05:20:22 PM |
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It's stairway got even longer now.
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deeplink
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August 24, 2012, 05:22:20 PM |
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And it is gone...
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kneim
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August 24, 2012, 05:23:01 PM |
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He is a good programmer, because he must consider existing asks of normal traders in all these steps. I'm impressed.
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deeplink
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August 24, 2012, 05:25:44 PM |
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Euro stairway is also gone...
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kneim
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August 24, 2012, 05:27:39 PM |
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Now, stupids, buy quick on this huge bid walls, that I can sell some coins at 12 USD.
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Piper67
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August 24, 2012, 05:28:54 PM |
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Enough people talking about fiat flowing into the exchanges... must've made him nervous as hell.
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DeathAndTaxes
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Gerald Davis
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August 24, 2012, 05:31:30 PM |
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No come back stairway to heaven. You were reassuring me. Now that you are gone obviously nobody wants bitcoins and they are worthless. I should sell them at any price. Hopefully there is someone out there who needs lots and lots of cheap coins.
"Sell 10,000 BTC at market. Let me get whatever I can for these worthless coins. $9, $8, hell even $5."
Nah. I will just hang on to them Mr. Stairwell. I got no debt and you got 5,000 BTC in interest piling up every day.
tick ... tick .. tick ...
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kneim
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August 24, 2012, 05:32:55 PM |
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Enough people talking about fiat flowing into the exchanges... must've made him nervous as hell.
Not necessarily for buying at 10 USD, but perhaps at 8 USD. My bid "wall" is on 8.66 USD, and I will not buy on higher rates (but sell a little bit). |
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kneim
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August 24, 2012, 05:36:09 PM |
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At least the people that sold in front of this wall learned their lessen.
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