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Author Topic: $773 low on bitstamp?  (Read 476 times)
thegolden24 (OP)
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December 07, 2013, 01:47:14 AM
 #1

This still cant be because of the Baidu announcement could it?

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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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Sparky_eMunie
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December 07, 2013, 01:48:13 AM
 #2

Of course it can.

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Itun
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December 07, 2013, 01:50:44 AM
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I think the Chinese companies', banks', etc refusal to accept bitcoins are bringing it down.

China brought the price up, it can also bring it down... :b
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December 07, 2013, 02:01:06 AM
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Of course the btc price can be up and down drastically
elendorsuma
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December 07, 2013, 02:38:55 AM
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Of course the btc price can be up and down drastically

yea
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December 07, 2013, 02:41:47 AM
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I think the Chinese companies', banks', etc refusal to accept bitcoins are bringing it down.

China brought the price up, it can also bring it down... :b

This has nothing to do with the ban on the involvement of banks in the BTC.

Baidu dumped BTC because it was fluctuating wildly. The crash happened because people believe that more and more companies will follow Baidu.
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