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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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podyx
Legendary
 Offline
Activity: 2338
Merit: 1035
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January 21, 2014, 01:37:48 AM |
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what??
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fonzie
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January 21, 2014, 01:39:25 AM |
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what??
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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loopgate88 (OP)
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January 21, 2014, 01:43:24 AM |
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Maybe the time for decentralized exchanges has arrived.
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damnek
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January 21, 2014, 01:45:20 AM |
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Maybe the time for decentralized exchanges has arrived.
no shit |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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January 21, 2014, 02:05:10 AM |
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cany anyone explain what this means exactly?
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fonzie
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January 21, 2014, 02:07:08 AM |
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BTC going to be 220,96$, just like it was before the fake chinese pump. It´s written bold all over the image.
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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Walsoraj
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January 21, 2014, 02:09:10 AM |
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Maybe the time for decentralized exchanges has arrived.
Followed immediately by p2p bot systems to manipulate the price even more effectively. |
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loopgate88 (OP)
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January 21, 2014, 02:48:36 AM |
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The current bots are already very efficient at manipulating prices. This isn't an entirely new concern.
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Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
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January 21, 2014, 03:40:58 AM |
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Is this chart true or did OP just make a random excel file?
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 21, 2014, 04:09:27 AM |
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Is this chart true or did OP just make a random excel file?
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BitcoinAshley
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January 21, 2014, 04:17:19 AM |
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Is this chart true or did OP just make a random excel file?
option 2 |
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TERA
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January 21, 2014, 04:19:42 AM |
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pungopete468
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January 21, 2014, 05:53:36 AM |
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This makes no sense...
It looks like you calculated the price per BTC on the US market cap alone..? Explain please how this adds up.
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.
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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January 21, 2014, 07:05:59 AM |
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OTC and localbitcoins.com will become more popular, more escrow sites will pop up
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Dalmar
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January 21, 2014, 08:22:56 AM |
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This makes no sense...
It looks like you calculated the price per BTC on the US market cap alone..? Explain please how this adds up.
Most Europeans buy on places like bitstamp and btc-e, which are USD oriented. Besides cny, usd and euro there isn't any heavy duty trading going on between fiat and btc. |
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Bitbuy
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January 21, 2014, 08:37:46 AM |
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Thank you for this exquisite and complete analysis. Now I know when to dump ALL my coins!
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Honeypot1
Newbie
Offline
Activity: 28
Merit: 0
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January 21, 2014, 08:58:45 AM |
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Right. Because we all know without china bitcoin would not exist and certainly would not have gone from 12 to 214 last year. Or the bubbles from years prior.
Get a grip. Let those chinos dump coins out of their weak hands.
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acsalles
Member
Offline
Activity: 343
Merit: 11
Rangers.Protocol
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January 21, 2014, 09:07:27 AM |
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If it is true (and I strongly doubt) then I will more than happy to double my BTC position at such cheap prices
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