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Author Topic: Has anything fundamentally changed?  (Read 2210 times)
codro
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April 14, 2013, 08:11:11 PM
 #21

Would like to see some one take another look at those locations/addresses where satoshi is alleged to have stashed all his coins, to see if there are still there or have been moved to gox. IMO someone caused this crash by selling a huge amount of coins all the way down (maybe a million or so). Gox will know, but we should be able to work it out from the BC

At most 180k coins were sold as per the MtGox volume of that day, but realistically, much less than that because volume includes both buys and sells, and any day trades.

If someone indeed sells 1 million coins, the price would go down to $0.1, not $50, not $30. There is not enough depth in the bid side to accommodate a 1 million selloff.
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arepo
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this statement is false


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April 14, 2013, 09:09:04 PM
 #22

So strange to see something dropping dramatically in price without any foundamental having changed. Just as if it was... a bubble? Oh no, that can't be...

QFT

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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April 15, 2013, 04:29:29 AM
 #23

Nothing fundamental but for a learning opportunity for those who lost money and a strong signal that we are in the new wild west.

To add if people haven't considered it yet I would be skeptical of MtGox lag, it conveniently allows them to manipulate the difference between buy and sell prices. (Coincidentally the crash was preceded by this unsubstantiated claim of manipulation which featured prominently on Reddit the day before the crash.)
https://www.youtube.com/watch?v=7fvSYT7vhQY&feature=youtube_gdata_player

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N12
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April 15, 2013, 04:33:11 AM
 #24

What has fundamentally changed that Bitcoins had to go to 266? The infrastructure is shit, the client is shit, the network scales like shit and the first serious possible future Bitcoin competitor has emerged.

There's SR, and now there's SD. Anything significant besides that?
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April 15, 2013, 04:38:52 AM
 #25

What has fundamentally changed that Bitcoins had to go to 266? The infrastructure is shit, the client is shit, the network scales like shit and the first serious possible future Bitcoin competitor has emerged.

There's SR, and now there's SD. Anything significant besides that?
Indeed. Not much has changed since the last bubble at 17 to 8. It has been celebrity hype that drove this last bubble. That seems to be gone.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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April 15, 2013, 06:59:39 AM
 #26

What has fundamentally changed since January when bitcoins were fairly valued by the market and media at 13.50?
  • More people know about bitcoin
  • Most people who bought bitcoin between April 1 and now have nominal losses unless they sold
  • There will be no more All Time High media announcements, and sentiment has reversed from euphoria to skepticism
just1nmc
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April 15, 2013, 07:08:42 AM
 #27

What has fundamentally changed since January when bitcoins were fairly valued by the market and media at 13.50?
  • More people know about bitcoin
  • Most people who bought bitcoin between April 1 and now have nominal losses unless they sold
  • There will be no more All Time High media announcements, and sentiment has reversed from euphoria to skepticism

It's hard to say though. There's been a lot of media on things other than the price. Most of what I've been seeing lately is about the benefits of merchants accepting it.

Also, many people were skeptical because the price kept rising. I saw multiple posts every day on reddit, about people convinced they were too late to buy in.
If we get a slow price rise after this crash, it may feel safer for them to buy in.

I'm also still seeing quite a few new merchants accepting bitcoins every day. We may need some more big names to come out soon, but it still helps.
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April 15, 2013, 07:14:46 AM
 #28

What has fundamentally changed that Bitcoins had to go to 266? The infrastructure is shit, the client is shit, the network scales like shit and the first serious possible future Bitcoin competitor has emerged.

There's SR, and now there's SD. Anything significant besides that?

Increased faith.

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