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Bitcoin Forum > Economy > Economics > Speculation > So this was what caused the price spike?
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ibrahim11 (OP)
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November 11, 2015, 11:46:42 PM
 #1
Hi, I heard about MMM but didn't really understand it until after this video. After watching, the price spike was due to Chinese buying bitcoin for MMM ponzi scheme. Link to YouTube video: https://youtube.com/watch?v=Da0oBmhguzo
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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November 11, 2015, 11:49:35 PM
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Well can someone tell them to do this shit again, we didn't hit a new ath and I want a new car for chirstmas.
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November 12, 2015, 12:01:18 AM
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I've been saying for a while now that there's no more mood for bitcoin. All we're going to get are these mini bubbles, driven by greedy f*ckers for short-term gains. The days of $1000 bitcoins are long gone. After the recent pump-and-dump, we're sliding right back down to $250.
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November 12, 2015, 12:30:03 AM
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There are plenty of reasons and possibilities of who the Bitcoin rally has initiated. Whatever caused it, I enjoyed it to the fullest. It was a long time ago since we've seen such a wave of panic buyers. People were going nuts. I am interested to see where the price will find a somewhat "stable" price point to sit there for weeks or months.
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