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Bitcoin Forum > Economy > Economics > Speculation > What kinds of people are selling bitcoins right now on Mt Gox?
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Crypt_Current
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December 16, 2012, 02:45:37 AM
 #21
Fringe enthusiasts who don't have any other hope for gainful employment / source of fiat income at the moment, and stumbled upon Bitcoin and mining is presently his only source of income.  And his rent is due in fiat.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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December 16, 2012, 02:49:00 AM
 #22
Quote from: old_engineer on December 12, 2012, 12:28:55 AM
Someone that made a trading strategy, and is sticking to it.  There were a few large purchases around $11-$12 that appeared to be put back up on the sell side around $15.  Perhaps coincidence, perhaps not.  If they do sell, they'll have earned a 20%-35% return on investment, and likely in under a year.  High risk, high reward, and a reasonable strategy with the current negative US treasury returns.

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