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Author Topic: BTC up 10% in last hour  (Read 777 times)
Elwar (OP)
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September 06, 2011, 02:05:17 PM
 #1

Price is going up...looks like people are back after the long weekend.

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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.
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September 06, 2011, 07:39:24 PM
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No, that was me buying to see how much selling pressure this has. The answer is: A LOT.
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September 06, 2011, 07:48:41 PM
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10% of $7 = 0.70, in a volatile market that's like above whether they were serious or not, it's a very small order, most of these are a few dozen coins at each few cent levels. People were talking about a rally in another thread after it went up a buck or two, and that was just one large order punching through. It doesn't mean squat unfortunately to see a spike, that's just someone making a big order. It's got to go up and stay up for a few hours with more than one or two orders at a certain level.

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