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Author Topic: Why we bubbling up?  (Read 2582 times)
adamstgBit (OP)
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January 21, 2013, 07:17:33 PM
 #1



why?

zoinky
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January 21, 2013, 07:22:52 PM
 #2

I see what you did there.  Grin
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January 21, 2013, 07:29:14 PM
 #3

i'm not sure who's cuter; you or the krill...
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January 21, 2013, 08:56:13 PM
 #4

It's so funny to hear people ask why the price went up or went down.

Buyers and sellers.

lol....

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ArticMine
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January 21, 2013, 08:57:41 PM
 #5

i'm not sure who's cuter; you or the krill...

Krill. I sense a hungry penguin.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
bitcon
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January 22, 2013, 03:04:32 PM
 #6

i cant wait for the next crash to get back on my favorite roller coaster i call bitcoin.
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January 22, 2013, 03:08:41 PM
 #7

what are "refunds" mentioned as "mega+refunds" in similar threads.

Help an old guy out.

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Scott J
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January 22, 2013, 03:13:22 PM
 #8

I have to buy some Bitcoins by the end of the month - so hard to know whether to wait for a correction or jump straight into the madness!
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January 22, 2013, 03:15:35 PM
 #9

I like how all the pseudo-bulls also shout, "BTC is undervalued! BTC is undervalued!" and the second it goes up and they lose their short they start saying "bubble bubble bubble!" with hope they can bring the price back down.

Which is it sons?

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cheat_2_win
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January 22, 2013, 03:15:54 PM
 #10

I have to buy some Bitcoins by the end of the month - so hard to know whether to wait for a correction or jump straight into the madness!

My suggestion would be to do whatever your gut says. Bitcoin is too unpredictable for a rational explanation.
casascius
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January 22, 2013, 03:17:20 PM
 #11

i cant wait for the next crash to get back on my favorite roller coaster i call bitcoin.

My guess is that will be a crash from like $35 to $25.  Just a guess though!

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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January 22, 2013, 03:17:54 PM
Last edit: January 22, 2013, 04:25:22 PM by server
 #12

what are "refunds" mentioned as "mega+refunds" in similar threads.

Help an old guy out.

this

[edit]
I thought you knew and didn't ask a question.

...something like 'Helping out an old guy' = Tom/bASIC,  by pumping the price he can refund with way less btc...

Just a few good friends/Bitcoin "old money" helping him out.

Nevermind Lips sealed
[/edit]

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January 22, 2013, 03:18:10 PM
 #13

i cant wait for the next crash to get back on my favorite roller coaster i call bitcoin.

My guess is that will be a crash from like $35 to $25.  Just a guess though!

don't get me nervous like that!

more or less retired.
SkRRJyTC
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January 22, 2013, 03:24:27 PM
 #14

what are "refunds" mentioned as "mega+refunds" in similar threads.

Help an old guy out.

this

Refunds = An ASIC company gave back a lot of pre order money recently.  People think this money went into buying BTC.

Mega = The new 'megaupload' site from Kim dot com.  People were/are speculating about Mega accepting BTC as payment.
niko
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January 22, 2013, 03:25:30 PM
 #15

It's a pump'n'dump by an ASIC manufacturer who is about to start taking orders for their second batch. Besides profiting from the forthcoming dump, they will boost up their sales figures by boosting up miners' expectations, as mining suddenly seems rather profitable.


/speculation

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Your mining rig is on fire, yet you're very calm.
SysRun
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January 22, 2013, 03:37:26 PM
 #16

Here's my speculation. Infiniti poker is going to be as big as pokerstars ever was (bye bye seals with clubs). Some pro poker players are buying in, hoping that demand spikes once infiniti (sp) goes live.

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muyuu
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January 22, 2013, 03:40:40 PM
 #17

No idea why but I'm loving it.

Prepare for difficulty to shoot up if these ASICs are real.

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January 22, 2013, 03:44:38 PM
 #18

It's a pump'n'dump by an ASIC manufacturer who is about to start taking orders for their second batch. Besides profiting from the forthcoming dump, they will boost up their sales figures by boosting up miners' expectations, as mining suddenly seems rather profitable.


/speculation
I was thinking something along the same lines.....but a bit different.

I think someone who is dealing with ASIC mining could be doing this to increase the value of BTC first to collect a majority of BTC before a sudden rise in difficulty IF ASIC mining goes popular.The result is that the price may actually increase again due to a potential substantial increase in difficulty while they hoard BTC in addition to your theory.

/speculation on my part part.

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January 22, 2013, 04:04:22 PM
 #19

After looking at the miner operating margin at blockchain.info, it seems miners are hoarding all the newly minted coins. Until the margin reaches around 40%, I am doubtful whether we will see any large scale dump.
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January 22, 2013, 04:06:02 PM
 #20

I have been wondering if this recent rise is a pump and dump.

Though much more likely to be money from the traditional financial world getting involved rather than an ASIC manufacturer.
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