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Frozenlock
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May 26, 2013, 03:25:34 AM |
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Yeah, I will haunt your dreams.   LOOOOL! Magnificent! |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ChartBuddy
Legendary
 Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 26, 2013, 04:01:46 AM |
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fitty
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May 26, 2013, 04:13:11 AM |
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Bitcoin is too risky/volatile to be used as a safe store of value, unless you have the luck to purchase at the very start of each bubble and not plan to cash out in one year minimum, if ever.
No way anyone is gonna spend 1,000,000$ in bitcoins as a store of value for example, if at the next moment all the bears are going to dump their coins for the only purpose of repurchase cheaper, making the inversor lossing 15% of his inversion.
Plenty of people have $1M+ in Bitcoins. Storage or investment is up for debate. Speaking of 15% loses, gold is down 17% YTD. If you stored $1M in Bitcoin Jan 1st 2013, well done it's now worth $10M. Crash to $25? Still worth $2M. Your $1M in gold is now worth 830k. While clearly there is less risk in gold, there's risk in everything. It's certainly not crazy to think of Bitcoin as a way to store value. Like I said in my post, it will take time for it to become a great storage option. But I stand by my point that it certainly can become an amazing container for value. |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 26, 2013, 05:01:52 AM |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 26, 2013, 06:04:55 AM |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 26, 2013, 07:01:47 AM |
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Ares
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May 26, 2013, 08:00:15 AM |
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887 buy wall at 131.82
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fitty
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May 26, 2013, 08:05:26 AM |
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887 buy wall at 131.82
1,115 BTC now. Plus 600 BTC purchased. Should be heading up a little. |
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Ares
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May 26, 2013, 08:08:27 AM |
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887 buy wall at 131.82
1,115 BTC now. Plus 600 BTC purchased. Should be heading up a little. And it's the weekend. Should be an interesting week ahead (wish I had a satoshi for every time that was posted on these forums lol). |
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smoothie
Legendary
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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May 26, 2013, 09:00:05 AM |
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Up we go...  |
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Zangelbert Bingledack
Legendary
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Activity: 1036
Merit: 1000
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May 26, 2013, 09:21:07 AM |
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Prediction:
We start pounding at $150's door over the coming week, then bust out quite a bit higher, topping $200 by June 15.
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meh32123
Member
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Activity: 111
Merit: 10
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May 26, 2013, 09:31:36 AM |
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Hmmm it seems BTC-E and bitstamp are not yet going up..
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wonkytonky
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May 26, 2013, 09:43:00 AM |
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Hmmm it seems BTC-E and bitstamp are not yet going up..
i think bitstamp is waiting on gox.. this will continue until the ask wall is eaten.. once we are past that .; i can see bitstamp in sync again with gox .. normaly i'm buying on bitstamp trough bitfinex but the support on bid side is to thin right now for me to attack that wall with a margin buy. so i'll just send in fiat to bitstamp and slowly buy some cheap coins. wish my next paycheck would arrive sooner  |
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Faraday
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May 26, 2013, 10:11:48 AM |
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so much for weekend dips |
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smoothie
Legendary
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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May 26, 2013, 10:15:06 AM |
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so much for weekend dips We can dip upwards. |
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Ivanhoe
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May 26, 2013, 10:19:28 AM |
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so much for weekend dips Yeah, i wonder how many times we had a higher price at the end of the weekend then on the beginning of it. I don't have the data but i think it did not happen much before. I could be wrong ofcourse. Anyway, intresting week ahead of us. |
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icekiss
Member
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Activity: 70
Merit: 10
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May 26, 2013, 11:26:44 AM |
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420 BTC bid wall at 133.3 got bought. Seeing as we are still at weekend volumes, I'd guess that is enough to stop the upward movement for the moment. It got me to lower my buy order anyway  regarding bitstamp: yes, it is waiting on gox. It was very close in price before the upward swing, and in recent times, 4 or 5 points spread really isn't all that much. Looking how bitstamp has quite a wall in front of it (3000 BTC to 131), it takes a bit of incentive to really drive buys up. |
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wilfried
Sr. Member
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Activity: 288
Merit: 250
ManualMiner
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May 26, 2013, 11:31:45 AM |
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q question, is there already a definition for a "tick" for bitcoin? 0.01?
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btc6000
Member
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Activity: 116
Merit: 10
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May 26, 2013, 11:36:01 AM |
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q question, is there already a definition for a "tick" for bitcoin? 0.01?
You mean a pip? 0.001? |
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icekiss
Member
Offline
Activity: 70
Merit: 10
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May 26, 2013, 12:52:52 PM |
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new 500 BTC bid wall appeared at 133.68 (well, miniwall really, but it is the weekend ) Edit: only a 400 BTC wall now, and pulled back to 133.0 Edit2: everything up to 134 just got bought up, a few hundred BTC worth of buys. New height. |
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