billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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November 06, 2015, 08:43:28 PM |
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Don't count China out.
I'm sure that there are plenty of bitcoin enthusiasts (or maybe some would call them speculators) who may be waiting for fairly clear signs of a trend reversal before they return to pumping (or buying) mode.
I WISH we could count China out. China is a giant wild card that makes fundamental analysis impossible within a reasonable degree of certainty.
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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November 06, 2015, 08:46:07 PM |
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To anyone reading these this "study" was based on flawed assumptions and rather broken understanding of how Bitcoin's gossip network operates.
TL;DR the claims in this post don't match reality
You and hdbuck add nothing to this debate. Nothing you've said in this post can be backed up. You retract from it. You're polluting the debate.
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peonminer
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November 06, 2015, 08:48:11 PM |
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Buy and hlod! Sell walls down, buy walls up, pump team ACTIVATED
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luigi1111
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Activity: 1105
Merit: 1000
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November 06, 2015, 08:51:07 PM |
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Does anybody know the fee that they have to pay in order to bid?
Looks like you had to place a deposit rather than pay a fee. I guess otherwise they'd be swamped with reddit morons for the lulz. You're right, I thought there was a fee, but didn't read that page. I thought they charged the losing bidders at least the value of the bank transfer fee to return their deposits, but that page doesn't mention it. The Feds must pay the bank transfer fees out of all the money they got for the Bitcoins. AFAIK they pay the deposits back with ACH, which costs nothing or close.
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Cereberus
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Activity: 910
Merit: 1000
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November 06, 2015, 08:52:03 PM |
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Don't count China out.
I'm sure that there are plenty of bitcoin enthusiasts (or maybe some would call them speculators) who may be waiting for fairly clear signs of a trend reversal before they return to pumping (or buying) mode.
I WISH we could count China out. China is a giant wild card that makes fundamental analysis impossible within a reasonable degree of certainty. China is a mining mecca that is why they will hold all the bitcoins. They see it as free coins but they are wasting tons in buying the resources to get it, but they have a trick up their sleeves. Dae so crafty!
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brg444
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November 06, 2015, 08:52:18 PM |
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To anyone reading these this "study" was based on flawed assumptions and rather broken understanding of how Bitcoin's gossip network operates.
TL;DR the claims in this post don't match reality
You and hdbuck add nothing to this debate. Nothing you've said in this post can be backed up. You retract from it. You're polluting the debate. I can certainly point you to a whole thread filled with Adam's poor understanding of the networks' architecture... but you'll have to dig for it yourself if you really care
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JorgeStolfi
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November 06, 2015, 08:54:49 PM |
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Bitcoin Price Goes Parabolic, But Why? http://bullbearanalytics.com/2015/11/06/bitcoin-price-goes-parabolic/Lastly, Gavin and Mike are back at it once again using scare tactics and fear mongering as a last gasp for the survival of their ill-fated BitcoinXT project. Ignore this noise, they are acting like spoiled children that didn’t get their way. Too bad, kids, you have already lost. Huh? The guy sets out to list possible explanations for the price going up to $500. The third one being "Mike and Gavin are back at it once again using scare tactics and fear mongering"? Was that paragraph a paid signature perhaps? He also dismisses MMM as a significant cause of the rally because thoughout the rally the market was still trading very technically. Institutions are the ones that know how to move price in a coordinated way across multiple exchanges. A Russian ponzi scammer, no matter how good he is at his craft, can’t. He didn't quite get it... It is not Sergei who buys the bitcoins, but the victims -- wherever they are, in any whatever market they can get. And there have been reports that the ponzi (and some copycats) was quite popular in China, so it is not strange that the Chinese exchanges were leading. Not to mention that Sergei's previous ponzis moved more money than all that has been invested in bitcoin over the last six years. And that there is no evidence that "institutions" have ever tried to "move [bitcoin's] price in a coordinated way across multiple exchanges".
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 06, 2015, 08:57:24 PM |
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To anyone reading these this "study" was based on flawed assumptions and rather broken understanding of how Bitcoin's gossip network operates.
TL;DR the claims in this post don't match reality
You and hdbuck add nothing to this debate. Nothing you've said in this post can be backed up. You retract from it. You're polluting the debate. I can certainly point you to a whole thread filled with Adam's poor understanding of the networks' architecture... but you'll have to dig for it yourself if you really care by all means do dip it up. i recall being mostly right, except for the gossip network, but that too clearly needs improvements infact the very day i was talking about it, gavin was writing up a paper about the efficiency ( or lack thereof ) in bitcoin's current gossip network implementation. bitcoin is not a holly ledger, and yes there is much improvements to be made at its core.
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luigi1111
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Activity: 1105
Merit: 1000
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November 06, 2015, 08:58:03 PM |
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... And that there is no evidence that "institutions" have ever tried to "move [bitcoin's] price in a coordinated way across multiple exchanges".
Jorge, the conspiracy theories must live on!
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hdbuck
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Activity: 1260
Merit: 1002
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November 06, 2015, 08:58:16 PM |
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Bitcoin Price Goes Parabolic, But Why? http://bullbearanalytics.com/2015/11/06/bitcoin-price-goes-parabolic/Lastly, Gavin and Mike are back at it once again using scare tactics and fear mongering as a last gasp for the survival of their ill-fated BitcoinXT project. Ignore this noise, they are acting like spoiled children that didn’t get their way. Too bad, kids, you have already lost. Huh? The guy sets out to list possible explanations for the price going up to $500. The third one being "Mike and Gavin are back at it once again using scare tactics and fear mongering"? Was that paragraph a paid signature perhaps? He also dismisses MMM as a significant cause of the rally because thoughout the rally the market was still trading very technically. Institutions are the ones that know how to move price in a coordinated way across multiple exchanges. A Russian ponzi scammer, no matter how good he is at his craft, can’t. He didn't quite get it... It is not Sergei who buys the bitcoins, but the victims -- wherever they are, in any whatever market they can get. And there have been reports that the ponzi (and some copycats) was quite popular in China, so it is not strange that the Chinese exchanges were leading. Not to mention that Sergei's previous ponzis moved more money than all that has been invested in bitcoin over the last six years. And that there is no evidence that "institutions" have ever tried to "move [bitcoin's] price in a coordinated way across multiple exchanges". mmm victims are russian peasants (no offense people), not even capable of running microsoft word afaik. so going through all the pain of registering on an exchange, kyc and shit, you gotta be kidding me.. as i already say, my 2 cents on the parabolic pump would be the fbi auction. simple, and yes, these people have the means to manipulate whatthefuckever they want. edit: just look at the chart, the pump is very well calibrated, almost perfection. only 'professionals' are the ones capable of such things.
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JayJuanGee
Legendary
Online
Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
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November 06, 2015, 08:58:18 PM |
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Don't count China out.
I'm sure that there are plenty of bitcoin enthusiasts (or maybe some would call them speculators) who may be waiting for fairly clear signs of a trend reversal before they return to pumping (or buying) mode.
I WISH we could count China out. China is a giant wild card that makes fundamental analysis impossible within a reasonable degree of certainty. Yes, but that is the nature of the real world. We cannot really count them out. They are a big player.. and the contribute quite a bit to the bitcoin space. Furthermore, there are a lot of other unknowns in the world regarding people (and governments) in many places that can affect bitcoin in one direction or another (or both).
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luigi1111
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Activity: 1105
Merit: 1000
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November 06, 2015, 08:58:37 PM |
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bitcoin is not a holly ledger, and yes there is much improvements to be made at its core.
Christmas is coming up though...
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brg444
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November 06, 2015, 09:01:17 PM |
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thoughout the rally the market was still trading very technically. Institutions are the ones that know how to move price in a coordinated way across multiple exchanges. A Russian ponzi scammer, no matter how good he is at his craft, can’t. He didn't quite get it... It is not Sergei who buys the bitcoins, but the victims -- wherever they are, in any whatever market they can get. And there have been reports that the ponzi (and some copycats) was quite popular in China, so it is not strange that the Chinese exchanges were leading. Not to mention that Sergei's previous ponzis moved more money than all that has been invested in bitcoin over the last six years. And that there is no evidence that "institutions" have ever tried to "move [bitcoin's] price in a coordinated way across multiple exchanges". It seems you're the one who didn't quite get it. While the allusion that Mavrodi was orchestrating the buys is indeed mistaken the reality is even more supportive of his point. To pretend that the the technical movements, coordination of buying and selling action in clear trends & patterns stemmed from individual suckers buying bitcoins to support a ponzi is asinine.
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 06, 2015, 09:01:37 PM |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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November 06, 2015, 09:02:21 PM |
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bitcoin is not a holly ledger, and yes there is much improvements to be made at its core.
bitcoin is holy! bitcoin is going to save us! and please stop pretending you have any technical competence to juge about what has been or is to be done on core level. reddit does not give you a CS degree, altho even this would not be enough anyway.
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brg444
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November 06, 2015, 09:03:16 PM |
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To anyone reading these this "study" was based on flawed assumptions and rather broken understanding of how Bitcoin's gossip network operates.
TL;DR the claims in this post don't match reality
You and hdbuck add nothing to this debate. Nothing you've said in this post can be backed up. You retract from it. You're polluting the debate. I can certainly point you to a whole thread filled with Adam's poor understanding of the networks' architecture... but you'll have to dig for it yourself if you really care by all means do dip it up. i recall being mostly right, except for the gossip network, but that too clearly needs improvements infact the very day i was talking about it, gavin was writing up a paper about the efficiency ( or lack thereof ) in bitcoin's current gossip network implementation. bitcoin is not a holly ledger, and yes there is much improvements to be made at its core. You were spewing complete non sense about block compression and the mere suggestion that the network can support 250x more load using a couple of coding improvements is straight out of retardlandia.
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fonsie
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November 06, 2015, 09:03:20 PM |
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Bitcoin Price Goes Parabolic, But Why? http://bullbearanalytics.com/2015/11/06/bitcoin-price-goes-parabolic/Lastly, Gavin and Mike are back at it once again using scare tactics and fear mongering as a last gasp for the survival of their ill-fated BitcoinXT project. Ignore this noise, they are acting like spoiled children that didn’t get their way. Too bad, kids, you have already lost. Huh? The guy sets out to list possible explanations for the price going up to $500. The third one being "Mike and Gavin are back at it once again using scare tactics and fear mongering"? Was that paragraph a paid signature perhaps? He also dismisses MMM as a significant cause of the rally because thoughout the rally the market was still trading very technically. Institutions are the ones that know how to move price in a coordinated way across multiple exchanges. A Russian ponzi scammer, no matter how good he is at his craft, can’t. He didn't quite get it... It is not Sergei who buys the bitcoins, but the victims -- wherever they are, in any whatever market they can get. And there have been reports that the ponzi (and some copycats) was quite popular in China, so it is not strange that the Chinese exchanges were leading. Not to mention that Sergei's previous ponzis moved more money than all that has been invested in bitcoin over the last six years. And that there is no evidence that "institutions" have ever tried to "move [bitcoin's] price in a coordinated way across multiple exchanges". It would have been better if the article was more like this, saves everybody some time... Bitcoin Price Goes Parabolic, But Why? No idea, please click advertisements.
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JorgeStolfi
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November 06, 2015, 09:03:53 PM |
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You're right, I thought there was a fee, but didn't read that page. I thought they charged the losing bidders at least the value of the bank transfer fee to return their deposits, but that page doesn't mention it. The Feds must pay the bank transfer fees out of all the money they got for the Bitcoins.
That is my understanding too. The bidders pay the fees for the deposits, the USMS pays the fees for the returns. The winning bidder is responsible for any wire transfer fees associated with his or her payment.
Any [bitcoin] transfer fees associated with the transfer of the bitcoins will be paid by the buyer. The buyer will be given an opportunity to select the amount of fees charged in the transfer.
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8. How will my deposit be returned if I am not a winning bidder?
The USMS will send funds by Automated Clearing House (ACH) transfer. Please ensure that the financial institution from which your deposit was sent will accept an incoming ACH transfer before you register for the auction. In exceptional circumstances, judged on a case by case basis, the USMS will agree to send funds by wire transfer. Please know and understand the difference between these two types of funds transfers.
Your refund will be processed following the close of the auction. We will endeavor to initiate all refunds within five (5) business days following transfer of bitcoins to the winning bidder(s). Fund transfers are not immediate, as they are routed through the Department of Treasury (see paragraph below). If you provide incorrect information, it may take a week or longer to confirm that a transaction has been rejected before making another attempt. If you are sending funds from a foreign country using an intermediary U.S. bank, please be aware that receipt of refunds may take longer to process and confirm. Due to the foregoing factors, we cannot guarantee a date for you to receive your refund.
The Debt Collection Improvement Act of 1996, 31 United States Code § 3716, requires the Department of the Treasury and other disbursing officials to offset Federal payments to collect delinquent debts owed to the United States, or delinquent debts owed to states, including past-due child support enforced by states. If an offset is made during an ACH transfer, the claimant will receive a notification from the Department of the Treasury at the address provided by the claimant. If you believe that your payment may be subject to an offset, you may contact the Treasury Department at the following number: 1-800-304-3107.
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peonminer
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November 06, 2015, 09:03:59 PM |
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bitcoin is not a holly ledger, and yes there is much improvements to be made at its core.
bitcoin is holy! bitcoin is going to save us! and please stop pretending you have any technical competence to juge about what has been or is to be done on core level. reddit does not give you a CS degree, altho even this would not be enough anyway.
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JorgeStolfi
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November 06, 2015, 09:08:30 PM |
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Does anyone have a link to who were the bidders? The quantity of bidders and any description of who they represent?
That information has never been released, and the USMS says it won't be. After the first auction, someone submitted a FOIA request to the USMS for them to release that information (FOIA = US Freedom of Information Act). The last news I read, a couple of months later, were that the request was still unanswered (thus stretching if not violating the FOIA).
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