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Author Topic: Ding Ding Ding! There we go 16$/bitcon.  (Read 1043 times)
killer2021 (OP)
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June 12, 2011, 10:15:21 AM
 #1

Anyone who bought at 10$ is sitting on a 60% gain in about 2-3 hours. Not too bad Cheesy

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Ben
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June 12, 2011, 10:16:33 AM
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Awesome Smiley
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June 12, 2011, 10:29:10 AM
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Another great tool to foresee the trend is not the actual price but well the distance to a given goal.

A few minutes ago, 17$ was somethings like 1300BTC away. Now, it's only 958BTC away on mtgox. It means that only the next 958BTC bought will be under 17$. 934! And it keeps decreasing. Of course, this is on mtgox only. You can still buy at 15.9 on tradehill!

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June 12, 2011, 11:30:02 AM
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Anyone who bought at 10$ is sitting on a 60% gain in about 2-3 hours. Not too bad Cheesy

 i did. but unf only small amount of $ was left in my mtgox and so the amount of btc is bought this morning was rather limited.  Sad
but at least we are back at 17.  Grin
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June 14, 2011, 06:35:58 AM
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yep: now reporters are interested in them, and as other 'grey sales' sites start to get found out--silk road ain't the only one--you can expect price to keep jumping up and down...
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June 14, 2011, 07:15:45 AM
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I just hope there is some stability in the jumps this time.  Watching the price go from .70 to $8 up to $18 then to $32 was nice but i knew it grew too fast.  mining SHOOT up way too fast and not the difficulty rate is blowing up.  makes us small time miners feel like its a waist of power.  I think all and all the market correction ro $17ish is a good thing.
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