JayJuanGee
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Activity: 3696
Merit: 10193
Self-Custody is a right. Say no to"Non-custodial"
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November 21, 2014, 03:42:50 PM |
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you do NOT need a lot of coins in order to manipulate prices downward
What do you consider "a lot?" Didn't I use 10k coins in my description in the post that you cut. Further, some of these guys who want to manipulate the price of BTC downward are going to be willing to dump at a loss for an extended period of time to achieve their objectives. They can continue to buy high and to sell low in order to dump strategically and to lose money and to scare people off of bitcoin because they dump strategically. 10k coins may be sufficient to manipulate for a month or so; however, 100k coins would be even better, and probably could manipulate for more than 6 months with 100k coins. So 10k coins isn't "a lot" to you. Ok. Edit: To be clear, I asked you what is a lot, not what isn't a lot. NOT to beat a dead horse, but I thought that I suggested that 10k is a lot and 100k is a real lot  |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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NotLambchop
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November 21, 2014, 03:45:55 PM |
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Something terrible just happened....I'm really disgusted. I came to the forum after clearing my browser cache, and before I had the chance to log in, my eyes glanced at a NotLambChop post.. Safely logged in now, and his posts are ignored  Phew that was a close call  The ignore feature does not rely on your browser cache. Either learn to lie less, or learn to lie better.  |
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madmat
Legendary
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Activity: 966
Merit: 1000
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November 21, 2014, 03:47:59 PM |
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Something terrible just happened....I'm really disgusted. I came to the forum after clearing my browser cache, and before I had the chance to log in, my eyes glanced at a NotLambChop post.. Safely logged in now, and his posts are ignored Phew that was a close call The ignore button is really the best feature of this old forum. |
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JayJuanGee
Legendary
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Activity: 3696
Merit: 10193
Self-Custody is a right. Say no to"Non-custodial"
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November 21, 2014, 03:48:01 PM |
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Miners are NOT dumping bitcoin. Miners are generally bullish about bitcoin and generally holders.
Is there any evidence for that claim (other than some big miners saying so)? Surely some miners are making such statements, and you should already realize that you do NOT need a lot of coins in order to manipulate prices downward. If someone has 10k coins, then s/he it can accomplish a lot of BTC price manipulation. Miners dumping is NOT a logical conclusion, In short, the answer is "no, there is no evidence that miners are holding". However, I agree that dumping by miners, by itself, does not explain the fall from ~900$ in late january to ~350$ today. Inflation due to mining is only 10% per year. That inflation may be amplified by the fact that part of the bitcoin supply is frozen by long-term holders. Namely, if only 1/5 of the bitcoins are in the hands of short-term speculators, and all the mining output is being dumped to the open market, then the effective inflation would be around 50% per year. Even so, it seems hard to blame the slump on miners dumping. To me, the simplest explanation still is: the Chinese speculators are leaving the market. To me the most plausible explanation seems to be that in 2013 prices rose faster than the infrastructure could tolerate (and or sustain), and the market needed to adjust a little, which it did. However, the market was further pushed downward while infrastructure is being built and some big players are accumulating while these current market prices are being manipulated downward. This accumulation phase may last anywhere between 1-18 months longer, and then we are going to get relatively dramatic price increases - and the chinese will be on board for such (they are NOT exiting and they do NOT want to be left out of this market once it starts to go back up). |
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soullyG
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November 21, 2014, 03:51:39 PM |
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Something terrible just happened....I'm really disgusted. I came to the forum after clearing my browser cache, and before I had the chance to log in, my eyes glanced at a NotLambChop post.. Safely logged in now, and his posts are ignored Phew that was a close call Here, have some eye bleach |
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Torque
Legendary
 Online
Activity: 3542
Merit: 5039
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November 21, 2014, 03:52:09 PM |
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Blitz, can I ask you a serious question?
Why is it that when other forum members (like myself) are *occasionally* negative or down about the price action and you want to jump all over them, but then JorgeStolfi and NotLambChop can come on this thread day after day after day spewing their constant negativity ABOUT BITCOIN AS A WHOLE and get a complete pass and never once admonished by you?
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NotLambchop
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November 21, 2014, 03:59:37 PM |
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...some big players are accumulating while these current market prices are being manipulated downward... Mysterious creatures, them... "'You may seek it with thimbles—and seek it with care;
You may hunt it with forks and hope;
You may threaten its life with a railway-share;
You may charm it with smiles and soap—'"
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ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 21, 2014, 04:01:11 PM |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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November 21, 2014, 04:05:06 PM |
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Because they are lost cases I guess? One of them is a troll, and you don't feed those.
It's just funny to me when those who were formerly the permabulls I've tried to warn to cool down their enthusiasm and manage their expectations/exposure because of the risk now try tell me how Bitcoin is doomed when I point out the opportunity. You know what I mean? This sort of sentiment is just market induced.
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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November 21, 2014, 04:05:26 PM |
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Blitz, can I ask you a serious question?
Why is it that when other forum members (like myself) are *occasionally* negative or down about the price action and you want to jump all over them, but then JorgeStolfi and NotLambChop can come on this thread day after day after day spewing their constant negativity ABOUT BITCOIN AS A WHOLE and get a complete pass and never once admonished by you?
He probably has them on ignore too...like everyone else. |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 21, 2014, 04:07:03 PM |
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How I learned to quit worrying and love the dump.
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Torque
Legendary
Online
Activity: 3542
Merit: 5039
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November 21, 2014, 04:08:18 PM |
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How I learned to quit worrying and love the dump.
You love a dump that's been going on for 12 months straight? Will you love it still if it continues for 12 months more? At what point is a continuous, unrelenting downturn seen as a serious problem for Bitcoin? |
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JayJuanGee
Legendary
Offline
Activity: 3696
Merit: 10193
Self-Custody is a right. Say no to"Non-custodial"
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November 21, 2014, 04:13:06 PM |
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...some big players are accumulating while these current market prices are being manipulated downward... Mysterious creatures, them... "'You may seek it with thimbles—and seek it with care;
You may hunt it with forks and hope;
You may threaten its life with a railway-share;
You may charm it with smiles and soap—'"
Yes: You are so creative NOT not pork. I hope that they are paying you well for all your efforts to distract and attempt at belittling the ideas of others.   |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 21, 2014, 04:13:34 PM |
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How I learned to quit worrying and love the dump.
You love a dump that's been going on for 12 months straight? Will you love it still if it continues for 12 months more? At what point is a continuous, unrelenting downturn seen as a serious problem for Bitcoin? Price isn't a big concern. I held well over a year at a loss in 2011-12. This is no different. Fortune favors the bold. |
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NotLambchop
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November 21, 2014, 04:19:46 PM |
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...some big players are accumulating while these current market prices are being manipulated downward... Mysterious creatures, them... "'You may seek it with thimbles—and seek it with care;
You may hunt it with forks and hope;
You may threaten its life with a railway-share;
You may charm it with smiles and soap—'"
Yes: You are so creative NOT not pork. I hope that they are paying you well for all your efforts to distract and attempt at belittling the ideas of others. Bro, that's not mine--written a while ago by Lewis Carroll. Consider reading more and writing less.  |
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Feri22
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November 21, 2014, 04:20:56 PM |
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How I learned to quit worrying and love the dump.
You love a dump that's been going on for 12 months straight? Will you love it still if it continues for 12 months more? At what point is a continuous, unrelenting downturn seen as a serious problem for Bitcoin? Price isn't a big concern. I held well over a year at a loss in 2011-12. This is no different. Fortune favors the bold. I hope so...  |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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November 21, 2014, 04:23:04 PM |
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How I learned to quit worrying and love the dump.
You love a dump that's been going on for 12 months straight? Will you love it still if it continues for 12 months more? At what point is a continuous, unrelenting downturn seen as a serious problem for Bitcoin? Price isn't a big concern. I held well over a year at a loss in 2011-12. This is no different. Fortune favors the bold. Price fiatwise is Notting. The more important is to accumulate btc. |
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NotLambchop
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November 21, 2014, 04:28:26 PM |
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...
Price fiatwise is Notting...
/thread then? |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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November 21, 2014, 04:41:29 PM |
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How I learned to quit worrying and love the dump.
You love a dump that's been going on for 12 months straight? Will you love it still if it continues for 12 months more? At what point is a continuous, unrelenting downturn seen as a serious problem for Bitcoin? Price isn't a big concern. I held well over a year at a loss in 2011-12. This is no different. Fortune favors the bold. Price fiatwise is Notting. The more important is to accumulate btc. fiatwise matter, thats if you want to ride the bull and tame the bear... and get profit 30% every week bahahahahaha yummy... unlike other poster on this forum which scream bear all teh time |
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Feri22
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November 21, 2014, 04:56:31 PM |
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How I learned to quit worrying and love the dump.
You love a dump that's been going on for 12 months straight? Will you love it still if it continues for 12 months more? At what point is a continuous, unrelenting downturn seen as a serious problem for Bitcoin? Price isn't a big concern. I held well over a year at a loss in 2011-12. This is no different. Fortune favors the bold. Price fiatwise is Notting. The more important is to accumulate btc. fiatwise matter, thats if you want to ride the bull and tame the bear... and get profit 30% every week bahahahahaha yummy... unlike other poster on this forum which scream bear all teh time LOL, another butthurted ShroomsKit is coming  |
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