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Author Topic: I think we need to look back at history...  (Read 2474 times)
Anth0n
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June 11, 2011, 06:50:15 PM
 #21

Volatility drives people crazy and causes panic when the price drops. When Bitcoin sentiment is negative, you know you will get a cheap price when you buy. So I think now is the time to buy, and I would certainly buy some now if I had the extra cash to risk.

Just don't take this post as investment advice, I'm just saying the decision I would be making.
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June 11, 2011, 07:30:56 PM
 #22



if you look through blockexplorer, you'll see that the 17,000 BTC transaction which precipitated this correction was made up of very old (2009 & 2010), mined blocks, with no internal transactions.  i'm reasonably sure this was a very early adopter.


How can you tell through blockexplorer what coins were involved in an MtGox transaction?  I'm sincerely asking.  I guess I assumed that internally to MtGox you weren't necessarily selling the coins you sent in.


go here:

http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLS

then click on the blocks, one at a time.

nice detective work Jaime.  so an early adopter miner was responsible for the selloff starting at 20 and taking it down to 13?  the doom and gloomers got their wish.

it wasn't my work.  i only noticed it.

"i stand on  the shoulders of giants..." ~Bernard of Chartres

no, i've spent the last 2 mo trying to better analyze the block chain.  you can tell by the time it was him who sold btwn 13 and 20; just one guy.  thats important info to know.
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June 11, 2011, 07:32:25 PM
 #23


what i'm asking for is a site that i can regularly check this graph update.

sorry, I just did it manually. Not automated and I'm not a coder so not that easy for me to automate it. (yet anyway)

kirian, thats a great graph.  u should put that up somewhere.  i've been begging the chart makers to publish daily % changes but no one is currently.
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June 11, 2011, 11:53:27 PM
 #24

I bought more near the peak that I've have liked (I'll blame that on severe Dwolla delays) but the worst thing I could do now is to sell.

I'll keep my politics out of your economics if you keep your economics out of my politics.

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June 12, 2011, 12:20:42 AM
 #25

I bought more near the peak that I've have liked (I'll blame that on severe Dwolla delays) but the worst thing I could do now is to sell.


Think in terms of months, not days. Your money is most likely fine. We "double" all the time, it would be ludicrous if that didn't work the other way and "halve" occasionally as people cash out en masse. Speculators spreading obvious FUD were just after your money guys.
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