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tutkarz (OP)
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April 10, 2013, 08:38:08 PM |
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We as community can act to give a lesson for persons who think they can just come and try to fear us. We just need to remove all sell orders up to $300 so they would have to rebuy they coins for much higher price.
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Minor Miner
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Activity: 2296
Merit: 1012
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April 10, 2013, 08:40:44 PM |
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We as community can act to give a lesson for persons who think they can just come and try to fear us. We just need to remove all sell orders up to $300 so they would have to rebuy they coins for much higher price.
that is a pretty good idea, if you could get enough people agreeing that the next time this happens everyone pulls their asks and lets the market spread huge. |
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nobbynobbynoob
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April 10, 2013, 08:43:10 PM |
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No sell orders from me below $1500, for sure. I'm happy to spend my BTC to obtain quality products from good bitcoin retailers at the right price, though.
At $1,50/mBTC I may do some classic profit taking and buy fiat, but if and only if I actually need the fiat for whatever purpose. By then it might not be necessary, for airlines, accommodation and all kinds of other important stuff will be readily buyable directly with BTC. One can hope!
These violent "noise corrections" are good for bitcoin, but DDoS attacks aren't so flash (no pun intended). Then again, what doesn't kill Bitcoin can only make it stronger, and the weaknesses are in the infrastructure, exchanges and marketplace and not, thankfully, with the Bitcoin protocol, which has shown itself to be pretty robust so far.
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Xrim
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Activity: 49
Merit: 0
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April 10, 2013, 08:44:27 PM |
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I'm in, adjusted to 300!
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tutkarz (OP)
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April 10, 2013, 08:45:46 PM |
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We as community can act to give a lesson for persons who think they can just come and try to fear us. We just need to remove all sell orders up to $300 so they would have to rebuy they coins for much higher price.
that is a pretty good idea, if you could get enough people agreeing that the next time this happens everyone pulls their asks and lets the market spread huge. I mean remove NOW so they will lose half they money. And its alot of money. |
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HATA28
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Activity: 14
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April 10, 2013, 08:47:17 PM |
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What about we remove all sell orders.
Once your out, your out.
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Xendrios
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April 10, 2013, 08:53:03 PM |
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What about we remove all sell orders.
Once your out, your out.
lol, how is this supposed to help mass adoption? :-) |
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alexh
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Activity: 183
Merit: 10
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April 10, 2013, 08:53:58 PM |
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I dont quite understand, how would this help "us"?
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Minor Miner
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Merit: 1012
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April 10, 2013, 08:59:26 PM |
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I dont quite understand, how would this help "us"?
If you assume whoever did this sold short or just sold and wanted to buy to cover or just buy their position back, it would push the market right back up and put the DDoSer in a position of covering at a bad price and not making money. |
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HATA28
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Activity: 14
Merit: 0
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April 10, 2013, 09:00:02 PM |
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What about we remove all sell orders.
Once your out, your out.
lol, how is this supposed to help mass adoption? :-) It isn't. |
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Amitabh S
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Activity: 1001
Merit: 1003
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April 10, 2013, 09:05:10 PM |
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My lowest order is 1800.
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Luno
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April 10, 2013, 09:20:04 PM |
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Not littering the book with bids also makes it less attractive to take a dump. Most money around here are not placed in the book for everyone to see anyway.
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Gator-hex
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April 11, 2013, 01:19:16 AM
Last edit: April 11, 2013, 01:47:13 AM by Gator-hex |
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If you want to stop this kind of thing I recommend you research the principles behind an illegal (on regulated exchanges anyway) "wash trade" and other trader tricks. http://fadi.el-eter.com/what-is-wash-trading.html  How about the IP address you trade from is limited to one trade per hour or some other time limit dependent on the size of the trade? |
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ChanceCoats123
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April 11, 2013, 01:33:25 AM |
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What about we remove all sell orders.
Once your out, your out.
This literally made me laugh out loud. |
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pretendo
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Activity: 112
Merit: 10
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April 11, 2013, 01:35:55 AM |
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you're an idiot
on second though you could probably get a job with the European Commission
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