JimboToronto
Legendary
 Offline
Activity: 4004
Merit: 4468
You're never too old to think young.
|
 |
May 18, 2016, 03:57:01 PM |
|
Good morning Bitcoinland.
Still in the $450s I see.
Sorry, no Chartbuddy quote. Buddy seems to be AWOL today.
|
|
|
|
|
|
|
|
|
|
|
|
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10198
Self-Custody is a right. Say no to"Non-custodial"
|
|
May 18, 2016, 04:35:42 PM |
|
I don't see it going that far. Might even be happening now (I never can make sense of ETH). At some point very soon, a big holder is going to drop the hammer and giggle into his coffee he's beat everyone else to the dump, including DAO itself.
My neither. I just enjoyed reading the exaggeration that bitcoin advocates try to use. I find the whole thing quite amusing that people like roach are the current most active proponents for bitcoin here. The bitcoin scenery keeps getting dumber and uglier everyday. ETH isn't a smart choice for any long term investments. Too many variables in the fundamentals that are not yet set. But it's excellent for daytrading. It's momentum (up or down) is mostly strong and fades gradually, and that gives it predictability. BTC momentum is weak, short lasting and unpredictable. BTC is only attractive to "I'll just buy some, and then sit on my ass for years, while hoping really-really hard that I'll get rich" thinking people. Even though I agree overall with your description of recent performance of ETH as compared with BTC, you should recognize that past performance is not a very exact indicator of future performance.... but yeah, your indication that BTC is likely a much more secure long term investment relative to ETH seems a valid assessment, in spite of your apparent efforts to make fun of it for such attributes. |
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
May 18, 2016, 05:27:54 PM |
|
Some early adopter has a different opinion...   You can use BTC as collateral to short Eth. |
|
|
|
|
yefi
Legendary
Offline
Activity: 2842
Merit: 1511
|
|
May 18, 2016, 05:34:26 PM |
|
The bitcoin scenery keeps getting dumber and uglier everyday. Or perhaps you simply paid less attention to scenery when prices were more exciting. |
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
May 18, 2016, 05:59:40 PM
Last edit: May 18, 2016, 06:11:26 PM by r0ach |
|
BTCE hit $457 and OKcoin is $455 so the 3rd world exchanges are no longer behind the west for the first time in like a month. Price is definitely going up.
|
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
May 18, 2016, 06:05:46 PM |
|
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable. Every day thousands of people are opening their very first bitcoin wallet. |
|
|
|
|
|
bri912678
|
|
May 18, 2016, 06:26:02 PM |
|
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable. Every day thousands of people are opening their very first bitcoin wallet. What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything? |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
May 18, 2016, 06:37:12 PM |
|
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable. Every day thousands of people are opening their very first bitcoin wallet. What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything? i had not considered that extremely stable price imminent 456 will be sticky as fuck. |
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
May 18, 2016, 06:40:20 PM |
|
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable. Every day thousands of people are opening their very first bitcoin wallet. What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything? Even if those coins are meant to be sold the offset will last for a very limited amount of time. You can't stop the unstoppable. |
|
|
|
|
|
phoenix1
|
|
May 18, 2016, 06:47:44 PM |
|
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable. Every day thousands of people are opening their very first bitcoin wallet. What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything? i had not considered that extremely stable price imminent 456 will be sticky as fuck. The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ? EDIT: Or maybe it's Craig Wright lol |
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10198
Self-Custody is a right. Say no to"Non-custodial"
|
|
May 18, 2016, 07:14:36 PM |
|
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable. Every day thousands of people are opening their very first bitcoin wallet. What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything? i had not considered that extremely stable price imminent 456 will be sticky as fuck. hahahahaha I like your flexibility Adam... you seem to be getting a bit back to your old self....  Three completely different predictions in the past 4 hours. 1) $460 imminent 2) brace yourselves for $420 3) we're gonna be sticking at $456 for a while... Better than watching a WWF match. |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
May 18, 2016, 07:19:54 PM |
|
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable. Every day thousands of people are opening their very first bitcoin wallet. What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything? i had not considered that extremely stable price imminent 456 will be sticky as fuck. hahahahaha I like your flexibility Adam... you seem to be getting a bit back to your old self.... Three completely different predictions in the past 4 hours. 1) $460 imminent 2) brace yourselves for $420 3) we're gonna be sticking at $456 for a while... Better than watching a WWF match. lol i feel whimsical today |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
May 18, 2016, 07:23:47 PM |
|
wowzers very old coins on the move.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ? EDIT: Or maybe it's Craig Wright lol i had the same though. i wouldn't be surprised if it was him, moving even a small amount of bitcoin from 2009-2010 probably makes the days destroyed chart spike like mad. |
|
|
|
|
|
phoenix1
|
|
May 18, 2016, 07:29:50 PM |
|
wowzers very old coins on the move.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ? EDIT: Or maybe it's Craig Wright lol i had the same though. i wouldn't be surprised if it was him, moving even a small amount of bitcoin from 2009-2010 probably makes the days destroyed chart spike like mad. It probably would, but I dont think we will be hearing from him again anytime soon #pwned |
|
|
|
|
|
bri912678
|
|
May 18, 2016, 08:12:45 PM |
|
wowzers very old coins on the move.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ? EDIT: Or maybe it's Craig Wright lol i had the same though. i wouldn't be surprised if it was him, moving even a small amount of bitcoin from 2009-2010 probably makes the days destroyed chart spike like mad. I checked the transactions with the most bitcoin days destroyed at the bottom of the page here http://blockr.io/trivia/tx The highest recent one this year was caused by 20,844 old coins moved on 2016-01-07, but the latest one doesn't even show up in ten pages of results. This is the one from 2016-01-07 http://blockr.io/tx/info/37d30c9e641ae25dc8bb729caba8c0f136fa743b6d48c5a2431eecedcd57b29aHas anyone tracked down the transaction(s) responsible for the latest spike? |
|
|
|
|
gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
|
|
May 18, 2016, 09:12:06 PM |
|
Get your Cheap coins now!  |
|
|
|
|
|
bri912678
|
|
May 18, 2016, 09:27:15 PM |
|
i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183. Height Time Trans-ns Sum Days Destroyed 412183 2016-05-17 18:14:55 3113 124,993.47355705 BTC 46,925,708 https://bitinfocharts.com/bitcoin/block/412183/000000000000000001c9a2816ed2e303209e3982f6f5f584618307b7d9a94096According to bitinfocharts it's the #3 Richest Bitcoin Address moving coins. https://bitinfocharts.com/bitcoin/address/3Kg7Cmooris7cLErTsijq6qR1FH3cTiK2GThe same address provoked a reddit thread when it previously moved coins a year ago. Nobody proved who owned it, but the last poster guesses it belongs to a big exchange. During the latest transaction it sent 67,272 BTC back to itself, and 1,527.77775556 BTC to each of 18 addresses. I only studied one, but it had so many small transactions passing through it that I assume it's an exchanges hot wallet. This is the transaction. https://bitinfocharts.com/bitcoin/tx/a13ee5aff1a82d3bcb928dfcf558b97dc41b085bd95c98f189ffa53f303bdc49This is a quote from the reddit thread about it moving coins a year ago. https://www.reddit.com/r/Bitcoin/comments/2rrplt/big_coin_movement_just_now_cause_i_know_people/ |
|
|
|
|
yefi
Legendary
Offline
Activity: 2842
Merit: 1511
|
|
May 18, 2016, 11:56:47 PM |
|
i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183. [...] Interesting, thanks. That would suggest more people are withdrawing BTC than depositing at whichever exchange that is. |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
May 19, 2016, 01:09:51 AM |
|
Get your Cheap coins now! >50% off buy Buy BUY!!!!!! |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
May 19, 2016, 01:45:25 AM |
|
i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183. [...] Interesting, thanks. That would suggest more people are withdrawing BTC than depositing at whichever exchange that is. ya it kinda seems like an exchanges had to dip into their ultra cold storage. if poeple are indeed starting to remove coins off the exchanges... well then  |
|
|
|
|
|
Poll
