randy8777
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June 02, 2015, 01:01:00 AM |
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why is it so special that a certain party is moving their coins. they most likely did it for security purposes. nothing special to be honest.
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lyth0s (OP)
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World Class Cryptonaire
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June 02, 2015, 01:05:27 AM |
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why is it so special that a certain party is moving their coins. they most likely did it for security purposes. nothing special to be honest.
1) KNC "screwed' a lot of people that had paid them for miners. 2) Large net sells on bitstamp may take place 3) No evidence of any bitcoins behind XBT Provider Those are the concerns and reasons why I mention all of KNC's coins moving
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kwukduck
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June 02, 2015, 01:24:28 AM |
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Well KNC is a significant player in this economy and they have a strong network to inform them of any upcoming events. This move would only confirm our worries that a massive event is going to happen soon that will move the price lower than anyone will expect without a realistic outlook of recovery.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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CoinCidental
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Si vis pacem, para bellum
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June 02, 2015, 03:05:39 AM |
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Well KNC is a significant player in this economy and they have a strong network to inform them of any upcoming events. This move would only confirm our worries that a massive event is going to happen soon that will move the price lower than anyone will expect without a realistic outlook of recovery.
9000 bts will not cause too much of a price drop, let them dump them cheap and they will be hoovered up
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Cconvert2G36
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June 02, 2015, 04:43:30 AM |
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Well, it could be the reason why bitcoin price went down to $22x Maybe they were selling their bitcoin because people already know that they are scam & they might run away
WTF are you talking about? They already got the money from the customers, now they mine for themselves. Run away where? From what? They may be lining them up to be rolled into the bitcoin tracker etn, to a new cold address, maybe sold on exchanges... we won't know anything more until they move again.
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Searing
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Clueless!
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June 02, 2015, 06:50:33 AM |
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Well as posted on other threads....KNC could be in some trouble ..seems their 16nm chips on their IPO farm could be delayed till 2016 ...nice to see the wheel has turned and they need to sit on their hands on a "pre-order" lol Now if the IPO investors were smart enough to say something in the contract about IPO farm by such and such a date....KNC could get some big money 'yanked' back serves the buggers right ...see how they like it on the other side of the pre-order and late delay side of the fence ....supposedly tape out on their 16nm chips was on feb 3rd 2015 Phoenix1969 pointed this link out to me: http://wccftech.com/tsmcs-16nm-finfet-faces-delays-qualcomm-jumps-ship-samsung/their press release back on tape out from main site www.kncminer.comhttp://venturebeat.com/2015/02/03/accel-partners-invests-15m-in-kncminers-to-build-a-16-nm-processor/wikipedia on TWSC http://en.wikipedia.org/wiki/TSMCThey could be very very very screwed in getting their IPO 16nm Farm out this year....serves them right IMHO......see how they like pre-order delays LOL Guess they should have put up that Titan scrypt miner farm instead don't ya know..... anyway made my day!
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Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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Dexter770221
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June 02, 2015, 07:22:27 AM |
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That's what good and useful currency should do, moves from one hands to another. Only that way makes good things like progress and whealth...
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Under development Modular UPGRADEABLE Miner (MUM). Looking for investors. Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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Amph
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June 02, 2015, 07:26:56 AM |
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why is it so special that a certain party is moving their coins. they most likely did it for security purposes. nothing special to be honest.
well they, maybe, have done it because they want to dump a portion in the event that the whole fork issue will kill bitcoin or damaging it too much, in the price it's concerning
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gizmoh
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June 02, 2015, 08:10:29 AM |
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Coins still in the same address, so its not a bistamp address.
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How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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uhoh
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June 02, 2015, 12:21:59 PM |
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Coins still in the same address, so its not a bistamp address.
This, Stamp sweep straight to cold storage.
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Biontic
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HodL tight, it's gonna get wild
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June 02, 2015, 12:29:25 PM |
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Well as posted on other threads....KNC could be in some trouble ..seems their 16nm chips on their IPO farm could be delayed till 2016 **snip**
Seems that despite the TSMC stuff - they have managed to get there anyhows! https://twitter.com/kncminer/status/605651201141690368
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"The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man." ~George Bernard Shaw
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Rampion
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June 02, 2015, 01:03:25 PM |
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Considering all the FUD about Bitcoin-XT and the block size hard fork this is not a bad time to hedge a bit and sell some BTC.
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Biontic
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HodL tight, it's gonna get wild
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June 02, 2015, 03:24:19 PM |
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"The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man." ~George Bernard Shaw
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wpalczynski
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June 02, 2015, 03:41:14 PM |
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mrhelpful
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June 02, 2015, 04:45:57 PM |
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If all those coins were to sell off, then we see another price window drop.
Thats a ton of coins being available. I`m just going based on the blockchains transfer speculation here, but why move it, it doesnt make sense to me.
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oblivi
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June 02, 2015, 05:13:28 PM |
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Considering all the FUD about Bitcoin-XT and the block size hard fork this is not a bad time to hedge a bit and sell some BTC.
Maybe a bit, but 9000? thats insane. Those guys must be huge whales to be treating that kind of money like chump change.
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Shiver
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June 02, 2015, 07:10:35 PM |
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Is it a *move* or a *sell*? Makes a big difference. It may affect the market if that is misunderstood (and could be an opportunity or a problem depending on what is actually happening).
Still, 9000+ coins is not that significant in market size terms, just a few days of depression before a rebound to compensate an over sell.
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hellscabane
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June 02, 2015, 07:24:18 PM |
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Considering all the FUD about Bitcoin-XT and the block size hard fork this is not a bad time to hedge a bit and sell some BTC.
Maybe a bit, but 9000? thats insane. Those guys must be huge whales to be treating that kind of money like chump change. Well, the fact that their business model requires foundry fabs, it would be expected that they'd have to have a decent amount. At a minimum getting a working relationship with a company like TSMC to device-in/out and tape in/out requires a minimum investment of $5-10M. Assuming industry-specific working EBITDA would entail financials of at least $75M. So really 9000 BTC isn't really all that "large" (but it still isn't something to sneeze at).
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An old pal
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June 02, 2015, 09:39:40 PM |
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^^ Hey Jimmy, Is that you, the wanker-troll?
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techgeek
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June 02, 2015, 10:02:48 PM |
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That 9000 btc though is harsh if they decide to sell.
And its something thats out of our control, I`d just be observe what they do in the next couple days cause its also a sign for price decline.
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