adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 03:38:11 PM |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 03:38:33 PM |
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we'll be back at 399 in a few hours...
duuuuuude... ok fine maybe not wtv |
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cbeast
Donator
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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September 28, 2014, 03:38:52 PM |
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They turn off the miners and use the electric bill money to buy instead. They're in the Bitcoin business, mining is just a tool. That pressure will keep the price up.
Unfortunately, I think the mining business has moved from Bitcoin accumulators to Bitcoin sellers. People saw the $$$ signs and jumped in, pushing the believers aside. This is not necessarily a bad thing but I do believe it has had some effect in dampening the price rise we were seeing. You think their business is different and special? They offer a product and have customers. They don't hold unless they make a profit. They know the market better than anyone and can make money in any conditions because they know it's cyclical. Their customers expect no less. |
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klee
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Activity: 1498
Merit: 1000
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September 28, 2014, 03:39:18 PM |
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abercrombie
Legendary
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Activity: 1159
Merit: 1001
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September 28, 2014, 03:42:04 PM |
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Attack of the red dildos!   |
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Richy_T
Legendary
 Online
Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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September 28, 2014, 03:43:38 PM |
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They turn off the miners and use the electric bill money to buy instead. They're in the Bitcoin business, mining is just a tool. That pressure will keep the price up.
Unfortunately, I think the mining business has moved from Bitcoin accumulators to Bitcoin sellers. People saw the $$$ signs and jumped in, pushing the believers aside. This is not necessarily a bad thing but I do believe it has had some effect in dampening the price rise we were seeing. You think their business is different and special? They offer a product and have customers. They don't hold unless they make a profit. They know the market better than anyone and can make money in any conditions because they know it's cyclical. Their customers expect no less. It's not. It was. The nature of the beast and part of the process as Bitcoin progresses. |
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akujin
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September 28, 2014, 03:47:26 PM |
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Cattle mutilation  |
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klee
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Activity: 1498
Merit: 1000
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September 28, 2014, 03:48:16 PM |
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It scared away the askwalls  Oh the horror!! |
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mmitech
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Activity: 1148
Merit: 1001
things you own end up owning you
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September 28, 2014, 03:49:03 PM |
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They turn off the miners and use the electric bill money to buy instead. They're in the Bitcoin business, mining is just a tool. That pressure will keep the price up.
Unfortunately, I think the mining business has moved from Bitcoin accumulators to Bitcoin sellers. People saw the $$$ signs and jumped in, pushing the believers aside. This is not necessarily a bad thing but I do believe it has had some effect in dampening the price rise we were seeing. if few thousands coins mined everyday (~3600 BTC) could constantly bring the price down, then maybe the price is not where it suppose to be, the price should be where demand and supply meets but consedering huge volumes because 3600 BTC is nothing... |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 03:49:57 PM |
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It scared away the askwalls Oh the horror!!  |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 03:51:22 PM |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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September 28, 2014, 03:53:02 PM |
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The asks are back with a vengeance.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 03:54:00 PM |
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its the same wall that was blocking at 415 yesterday
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FNG
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September 28, 2014, 03:54:40 PM |
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The asks are back with a vengeance.
They're about to get eaten |
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MoreFun
Legendary
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Activity: 1008
Merit: 1003
WePower.red
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September 28, 2014, 03:55:43 PM |
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down 3.22% in a few hours
wtf who are these sellers and why are they so retarted?
Read shitcoin p&d manipulation tutorial, improve it a bit, multiplay 100x and there you go... |
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Torque
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Activity: 3542
Merit: 5039
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September 28, 2014, 03:57:04 PM |
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Good lord, are we just going to grind down an average of $10 a week until we hit $100? Not panicking, just a serious question here.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 03:59:55 PM |
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Good lord, are we just going to grind down an average of $10 a week until we hit $100? Not panicking, just a serious question here.
sure seems like it... |
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Wandererfromthenorth
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September 28, 2014, 04:00:19 PM |
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Good lord, are we just going to grind down an average of $10 a week until we hit $100? Not panicking, just a serious question here.
If we continue to go lower (almost guaranteed), I can tell you that at around $200 There should be a major bounce. Other bounces here and there of course. $10 a week? nah the crash should accelerate in a few days. |
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