chopstick
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 Offline
Activity: 992
Merit: 1000
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December 09, 2014, 04:29:14 AM |
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At the rate things are going I might actually be able to stack up 100 coins before the next bubble
That would be fuckin GREAT
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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NotLambchop
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December 09, 2014, 04:33:57 AM |
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Not looking good, sirs and gentlemens...
What, no Tinkerbell? But... but... That's what I was waiting for! The moment when Pavlov's dogs started *begging* him for electric shock... |
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lyth0s
Legendary
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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December 09, 2014, 04:37:15 AM |
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Guys check this out: https://www.youtube.com/watch?v=rAfOCqgS8gsFunny how he understands more than a lot of the newbies around here. Straight up smoking a blunt on youtube, hilarious. |
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DaRude
Legendary
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Activity: 2788
Merit: 1815
In order to dump coins one must have coins
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December 09, 2014, 04:38:41 AM |
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The only effect that can really drive a declining network hash rate is bitcoin price dropping at a rate that efficiency increases in hardware cannot meet.
Just imagine what might happen when the block rewards get cut in half... Something's got to give. Can't wait. BTC3,600/day is a lot for market to absorb. Especially with commercialized mining which i expect dump them like hot potato |
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JorgeStolfi
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December 09, 2014, 04:49:27 AM |
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I'm too lazy, but if anyone has some spare time, he could do the following: Determine when the auction results were declared to winners. From then on, observe charts for unusually high selling volume, because clever arbitrageurs will hedge immediately. Less clever arbitrageurs will have had to wait until the BTC were sent out, so determine whenever that is/was and look again for unusual volume (after 6 confirmations time minimum).
From the USMS announcement: On Friday, December 5, by 5:00pm EST, the USMS will notify the winning bidder/bidders that their bid/bids has/have been selected. The transfer of the coins to the individual bidders (minus the last 2000 BTC block) was registered in the blockchain on 2014-12-08 16:29. (Or is that the date the transaction was issued?) The Blockchain.info times are UTC, I presume; so the transfer to bidders would have occurred on 11:29am EST. That is ahead of the deadline for bidders to send the payment, which was 2:00pm EST, on Monday. Presumably they all had wired in the money much earlier. The last 2000 BTC block got transferred on 2014-12-08 19:05 (13:29 EST?). |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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December 09, 2014, 04:57:09 AM |
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The only effect that can really drive a declining network hash rate is bitcoin price dropping at a rate that efficiency increases in hardware cannot meet.
Just imagine what might happen when the block rewards get cut in half... Something's got to give. Can't wait. BTC3,600/day is a lot for market to absorb. Especially with commercialized mining which i expect dump them like hot potato 3600 btc per day is approximately $1.3 million per day at today's prices... seems like a lot for sure.. but here's some perspective for you... A third round of quantitative easing, "QE3", was announced on 13 September 2012. In an 11–1 vote, the Federal Reserve decided to launch a new $40 billion per month, - http://en.m.wikipedia.org/wiki/Quantitative_easing40 billion per month is approximately $1.3 billion per day... I'll say it again, something's got to give. |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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December 09, 2014, 05:00:07 AM |
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The only effect that can really drive a declining network hash rate is bitcoin price dropping at a rate that efficiency increases in hardware cannot meet.
Just imagine what might happen when the block rewards get cut in half... Something's got to give. Can't wait. BTC3,600/day is a lot for market to absorb. Especially with commercialized mining which i expect dump them like hot potato 3600 btc per day is approximately $1.3 million per day at today's prices... seems like a lot for sure.. but here's some perspective for you... A third round of quantitative easing, "QE3", was announced on 13 September 2012. In an 11–1 vote, the Federal Reserve decided to launch a new $40 billion per month, - http://en.m.wikipedia.org/wiki/Quantitative_easing40 billion per month is approximately $1.3 billion per day... I'll say it again, something's got to give. im waiting for 2016... btw not all miner sell all their cache, some dont even sell. so instead of 3600 btc thrown into market its more likely 1000-2500 btc instead |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 09, 2014, 05:00:54 AM |
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NotLambchop
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December 09, 2014, 05:09:50 AM |
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 You could have listened to me.  You could have lived... |
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JimboToronto
Legendary
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Activity: 4004
Merit: 4481
You're never too old to think young.
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December 09, 2014, 05:19:11 AM |
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china is banning bitcoin again
Link? |
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DaRude
Legendary
Offline
Activity: 2788
Merit: 1815
In order to dump coins one must have coins
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December 09, 2014, 05:21:30 AM |
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china is banning bitcoin again
Link? Show me a link for a day where they aren't banning btc |
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coinableS
Legendary
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Activity: 1442
Merit: 1179
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December 09, 2014, 05:21:46 AM |
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That 500 BTC wall at 350 on finex is going quick
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JorgeStolfi
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December 09, 2014, 05:22:28 AM |
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Perhaps someone who placed a rather low bid at the USMS auction got it filled, and warned his friends.
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coinableS
Legendary
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Activity: 1442
Merit: 1179
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December 09, 2014, 05:23:44 AM |
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FInex just broke below 350.... Is this when we all panic sell?
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DaRude
Legendary
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Activity: 2788
Merit: 1815
In order to dump coins one must have coins
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December 09, 2014, 05:24:52 AM |
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Perhaps someone who placed a rather low bid at the USMS auction got it filled, and warned his friends.
They knew the results last friday |
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NotLambchop
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December 09, 2014, 05:35:59 AM |
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A little quiet here. That price tho, that price...  Kneel and pray for forgiveness, shameless Bitcoiners! |
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derpinheimer
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Activity: 896
Merit: 1000
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December 09, 2014, 05:38:45 AM |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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December 09, 2014, 05:41:30 AM |
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derp....
price back to fair price...
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podyx
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Activity: 2338
Merit: 1035
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December 09, 2014, 05:41:58 AM |
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Wow, I guess we're still in a bear market then..
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abercrombie
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Activity: 1159
Merit: 1001
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December 09, 2014, 05:46:29 AM |
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