XXthetimeisnowXX (OP)
Sr. Member
 Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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April 03, 2013, 09:14:33 AM |
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down we go bottom will be? about 110? then up we go to 200?
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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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blksith0
Newbie
Offline
Activity: 59
Merit: 0
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April 03, 2013, 09:16:19 AM |
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Hush hush, don't tell anyone or more people will start selling!
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tutkarz
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April 03, 2013, 09:23:13 AM |
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sell now, regret later. Good luck.
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legitnick
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April 03, 2013, 09:23:32 AM |
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bitcoin can only go up, it's called gravity bro.
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XXthetimeisnowXX (OP)
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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April 03, 2013, 09:35:37 AM |
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bitcoin can only go up, it's called gravity bro.
oh like a zeplin..... ha!  |
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XXthetimeisnowXX (OP)
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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April 03, 2013, 09:37:43 AM |
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its funny cuz "cheep" coins are now 120?  |
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XXthetimeisnowXX (OP)
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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April 03, 2013, 09:40:09 AM |
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see all the what 10 then 20 orders for .2 coins pull the price down on gox? (bitcoinity) they are fast like all at the same time
what is that about?
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jubalix
Legendary
Offline
Activity: 2618
Merit: 1022
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April 03, 2013, 09:46:57 AM |
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I wouldn't sell if it went to 0.0000001
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blksith0
Newbie
Offline
Activity: 59
Merit: 0
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April 03, 2013, 10:31:33 AM |
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see all the what 10 then 20 orders for .2 coins pull the price down on gox? (bitcoinity) they are fast like all at the same time
what is that about?
Like when 30 orders pop up with small amounts all the same? Not sure, I feel like those are trading bots or something. Manipulating the price. They're trashing our rights mannn, trashing them! |
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Synapse_On_Slush
Newbie
Offline
Activity: 22
Merit: 0
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April 03, 2013, 10:58:57 AM |
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They are inflating the price. New bitcoin users come to buy $500 worth of bitcoins and see the 'highest ask' / 'last' at say $135 when if you take away all the "scaffolding" (the hundreds of asks for 0.01 BTC with increments of $0.025) it would actually be like $125.
Sadly the "newbie" bitcoin users doesn't know that the recommended ask price on mt.gox of $135 is actually erroneous and should really be much lower (such as $100 considering its nearly all "scaffolding"). So proper orders are being foolishly placed ontop of this "scaffolding". They end result being the newbies inadvertently, and independently peg up the price high. And so more scaffolding is build up on top of that.
It's a vicious cycle and wont stop untill newbies learn to look at the deep market orders. Sadly MT.Gox keeps that hidden and unless you have half a brain and google for it you'll just take what mt.gox shows you and place a bid foolishly. (*source: I did this when I first bought some BTC :p)
p.s. "Scaffolding" is a term I invented last night after 4 hours of watching the price go up in huge jumps with only a few actual purchases of (> 20BTC) appearing between rises of $2 from empty 0.01BTC orders acting as inflatory filler.
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Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
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April 03, 2013, 12:23:08 PM |
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shit, we crashed all the way down to 139 |
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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April 03, 2013, 12:23:39 PM |
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shit, we crashed all the way down to 139 The horror, the horror!  |
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lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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April 03, 2013, 01:07:56 PM |
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Bro, do you even blockchain?
-E Voorhees
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Britainacoin
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April 03, 2013, 01:08:53 PM |
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The card's already expired. |
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humanitee
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April 03, 2013, 01:10:29 PM |
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down we go bottom will be? about 110? then up we go to 200?
+1, exactly what I think. Getting pretty thin on the bid, 10k pushes us down to right around $117. If fiat mountain experiences continual tectonics, we might just go straight up. I'm hoping we don't. |
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| Whitepaper
Medium
Reddit
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SlaveInDebt
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April 03, 2013, 01:13:30 PM |
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[img]http://www.proverbs66.com/wp-content/uploads/SS-credit-card-bear-trap-1024x768.jpg[img]
The card's already expired. Cryptic http://youtu.be/BZpUp4Tl-1s |
"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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