zeroday
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Activity: 784
Merit: 1000
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March 22, 2013, 09:27:05 PM |
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Is 64 now and going down. Panic ?
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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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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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March 22, 2013, 09:31:41 PM |
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Is 64 now and going down. Panic ?
Nope, just a correction down to support, and helped by the intimidation walls of our 'benevolent manipulator' (if they are benevolent haha) |
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NamelessOne
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Activity: 840
Merit: 1000
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March 22, 2013, 09:36:11 PM |
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Is 64 now and going down. Panic ?
Nope, just a correction down to support, and helped by the intimidation walls of our 'benevolent manipulator' (if they are benevolent haha) This is normal, people taking profits, and others buying a little. I'm happy with bitcoin at 50-60 for a while. Let the market catch up and get used to these values, then off to another rally. Agreed, I'd be happy with that. |
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Tirapon (OP)
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March 22, 2013, 09:39:06 PM |
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Good weekend to buy I reckon
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Richy_T
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Activity: 2436
Merit: 2121
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 23, 2013, 12:57:05 AM |
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Even on a logarithmic scale it's spiked above the trend. I would feel a lot more comfortable if it dipped again for now, or at least slowed to steady exponential growth.
Haha, we are calling exponential growth 'steady' now  To a physicist or mathematician, it can be. Its a proportionality thing. |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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Tirapon (OP)
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March 23, 2013, 02:36:58 AM |
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Even on a logarithmic scale it's spiked above the trend. I would feel a lot more comfortable if it dipped again for now, or at least slowed to steady exponential growth.
Haha, we are calling exponential growth 'steady' now To a physicist or mathematician, it can be. Its a proportionality thing. To clarify: It would be nice to see the growth rate fit a curve with a zero gradient second derivative, i.e. steady acceleration, none of this increasing rate of change of the rate of change malarkey. |
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Richy_T
Legendary
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Activity: 2436
Merit: 2121
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 23, 2013, 03:16:46 AM |
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Even on a logarithmic scale it's spiked above the trend. I would feel a lot more comfortable if it dipped again for now, or at least slowed to steady exponential growth.
Haha, we are calling exponential growth 'steady' now To a physicist or mathematician, it can be. Its a proportionality thing. To clarify: It would be nice to see the growth rate fit a curve with a zero gradient second derivative, i.e. steady acceleration, none of this increasing rate of change of the rate of change malarkey. There'll be a place like that in the s-curve (and probably a few along the way too  ) |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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Tirapon (OP)
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March 23, 2013, 05:34:07 AM |
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Bitcoin roller-coaster |
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