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Author Topic: It seems nobody wants to pay $5 for a bitcoin anymore  (Read 934 times)
Minsc (OP)
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September 16, 2011, 09:54:17 PM
 #1

And those who did ran out of money.

1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
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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September 16, 2011, 10:02:02 PM
 #2

Its a game, what do you expect friend?
Why would anyone pay 5 if it can be obtained [bought] cheaper... there's always someone willing to sacrifice a couple of %.


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Minsc (OP)
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September 16, 2011, 11:39:40 PM
 #3

Wednesday night, someone who had all the buywalls from 5.01 to I think 5.40 decided to drop all their buywalls at once.

When someone sold 20,000 coins at once on Thursday, people started buying it up again eventually to 5.10.  Then they ran out of money for coins and stopped.

I wonder if they'll suddenly change their orders later to buy it higher or if buycoin is going to stay under $5 for good the rest of the month.  I suspect the later.

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