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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Grant
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June 15, 2011, 11:24:45 AM |
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The price is wrong = low volume
This can mean either too high or too low price. My own bets are the price is too high right now.
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ene
Newbie
 Offline
Activity: 42
Merit: 0
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June 15, 2011, 12:01:40 PM |
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It can take a few days for interest on Mt Gox to increase after news stories. Dwolla is slow.
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Grant
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June 15, 2011, 12:15:46 PM |
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It can take a few days for interest on Mt Gox to increase after news stories. Dwolla is slow.
Well i have a substantial amount of $ on my mtgox account im not buying into what seems like a necessary correction. |
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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June 15, 2011, 12:35:52 PM |
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MtGox was DDoSed yesterday, which partly explains the low volume. The other is that the speculative frenzy has died down. We're not seeing a mad climb to $30 or a panic fall to $10. Less people interested in participating at the moment. To be honest, I prefer it this way. An exponential rise in BTC's value only helps speculators while running a high risk of destroying the fledgling BTC economy.
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Vandroiy
Legendary
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Activity: 1036
Merit: 1002
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June 15, 2011, 12:40:59 PM |
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I'm not sure, but maybe people are just slow to realize there is no infinite money influx.
Also betting on a down correction. But it's very very psychological now, nobody wants to make a clear statement, so everybody's just staring at the history in disbelief or something.
Anyways, this isn't a stable state, is should change within the next days one way or the other.
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padrino
Legendary
Offline
Activity: 1428
Merit: 1000
https://www.bitworks.io
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June 15, 2011, 03:03:40 PM |
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If they could come close to the load people are trying to throw at them I expect it would look much different right now. I'm not saying it would necessarily be higher or lower but there would be quite a bit more volume.
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Serge
Legendary
Offline
Activity: 1050
Merit: 1000
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June 16, 2011, 03:41:52 AM |
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Total BTC 6,558,750 BTC
Bitcoins sent
last 24h
4,577,574.39 BTC
everyone busy securing their coins
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lemonginger
Full Member
Offline
Activity: 210
Merit: 100
firstbits: 121vnq
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June 16, 2011, 05:25:29 AM |
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Dark pool trading doesn't show up in volume though right?
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1014
Strength in numbers
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June 16, 2011, 06:13:49 AM |
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Dark pool trading doesn't show up in volume though right?
it does. offers are dark trades are not. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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andes
Jr. Member
Offline
Activity: 42
Merit: 2
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June 16, 2011, 06:26:12 AM |
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Guys, give Bitcoin time. I think if bitcoins doubles its price once a month for the next year, it would be epic. Before the crash the rate of growth was insane! Markets need time to correct, and the investors time to think.
IMO this slowdown is very healthy, and I hope the future growth is more steady, although I honestly doubt it. My bet is a wild ride to the top.
BTW, interesting google statistic.
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