Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BlindMayorBitcorn]

So Coindesk is convinced these 50,000 auction coins will sell for significantly below market. Thoughts?

[BitChick]

So Coindesk is convinved these 50,000 auction coins will sell for significantly below market. Thoughts?

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

[Le Happy Merchant]

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

Why would anyone have thought that?

[BlindMayorBitcorn]

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

Why would anyone have thought that?

How do we all know that didn't happen?

[nicked]

   Coinapult ?

[ChartBuddy]

Explanation

[inca]

   Coinapult ?

That is simply due to dumbphone to smartphone ratios currently. Soon smartphones will be everywhere. You do the math.

[NotLambchop]

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

Why would anyone have thought that?

Because they're smarter than a fruit fly?  

[Le Happy Merchant]

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

Why would anyone have thought that?

Because they're smarter than a fruit fly?  

But it doesn't make sense, if they were going to sell them below market, why not just sell them at market.

[JorgeStolfi]

MtGOX: Report on the 2nd meeting of former clients with the bankruptcy trustee Kobayashi:
http://www.mtgoxprotest.com/
Some highlights:
* Kobayashi is trying to recover 13 M USD that Mark took from MtGOX for services, loans etc -- but he is resisting.
* The auditing firm concluded that the MtGOX database has been adulterated, and they don't know what to do.
* Kraken paid 300'000 USD to Kobayashi (not the other way around) to have a role in the investigations.

[spooderman]

Is that the first time difficulty has ever adjusted downwards?

[NotLambchop]

...
I am back from India.  I returned a couple weeks ago.  I have been avoiding the boards because I am a bit depressed.  Husband sold some coins while I was gone.  ...

Faith in God restored!!1!

Hey, whatever it takes!  If that was the outcome it was well worth it!   

Enjoy watching a Christian money changer get her beloved shekels taken from her, won't lie

[BlindMayorBitcorn]

So Coindesk is convinved these 50,000 auction coins will sell for significantly below market. Thoughts?

I am pretty sure everyone thought the coins would sell for significantly less than market price last time too but we all know that didn't happen.

As far as I know nobody knows what Draper paid for his coins. Correct?

[hmmmstrange]

Is that the first time difficulty has ever adjusted downwards?

No, but it's been just under two years since it last happened.

[wpalczynski]

Anyone have approx date when this happened 2 yrs ago?

Is that the first time difficulty has ever adjusted downwards?

No, but it's been just under two years since it last happened.

[shmadz]

Is that the first time difficulty has ever adjusted downwards?

Lol, no.

Just before Asics started shipping it had gone down several times.

[NotLambchop]

MtGOX: Report on the 2nd meeting of former clients with the bankruptcy trustee Kobayashi:
http://www.mtgoxprotest.com/
Some highlights:
* Kobayashi is trying to recover 13 M USD that Mark took from MtGOX for services, loans etc -- but he is resisting.
* The auditing firm concluded that the MtGOX database has been adulterated, and they don't know what to do.
* Kraken paid 300'000 USD to Kobayashi (not the other way around) to have a role in the investigations.

Ah, teh intoxicating intrigue of international finance

My name is Kobayashi. I work for Keyser Soze.

[hmmmstrange]

Anyone have approx date when this happened 2 yrs ago?

Is that the first time difficulty has ever adjusted downwards?

No, but it's been just under two years since it last happened.

Second week in Feb 2013

[Fatman3001]

Is that the first time difficulty has ever adjusted downwards?

Nope, it has happened many times before. But I think last time was february 2013. So it's the first time since the ASIC invasion started. It's quite a healthy sign because it shows that even that market is price sensitive. There was some worry that chinese farms with subsidized electricity and facilities would make it impossible for anyone in the West to compete. Then we would have had virtually all of the mining capacity inside the chinese "intranet". Which would be bad.

[ChartBuddy]

Explanation