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Author Topic: Buying 200k BTC. $2/BTC  (Read 10220 times)
demonofelru
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April 20, 2011, 05:49:38 PM
 #41



Speculators is fine, I'm not a fan of hoarders. I guess you could just call them long term speculators though  Grin

Hoarders make the price of bitcoin go up even more then speculators do.

I agree I think a lot are saving some for when BTC generation halves.

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nster
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April 20, 2011, 07:38:58 PM
 #42



Speculators is fine, I'm not a fan of hoarders. I guess you could just call them long term speculators though  Grin

Hoarders make the price of bitcoin go up even more then speculators do.

I agree I think a lot are saving some for when BTC generation halves.

The half may send the community into panic though. idk if it will be good panic (ie: price raise mining hash rate constantly rising by a little) or bad panic (ie: massive selling, mining not profitable, price crash so even after difficulty decrease not profitable, so prices go even lower etc etc (vicious circle))

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April 20, 2011, 07:41:47 PM
 #43



Speculators is fine, I'm not a fan of hoarders. I guess you could just call them long term speculators though  Grin

Hoarders make the price of bitcoin go up even more then speculators do.

Yep, but savers make it go up the most.

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April 20, 2011, 09:47:20 PM
 #44

There will be no panic in terms of prices when the generate reward halves.  Predictable, well-defined, future events will be already be priced into the market.  The only significant effect will be some of the least profitable miners dropping out, resulting in a reduction in difficulty.

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May 01, 2011, 02:51:15 PM
 #45

Here we have a 200k BTC transfer on block explorer. I guess OP found a buyer.

http://blockexplorer.com/block/000000000000372744c19efaf112182bbed961a0fee0d89a6f04b4984e4f4584
martinR
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May 02, 2011, 06:38:03 PM
 #46

Here we have a 200k BTC transfer on block explorer. I guess OP found a buyer.

http://blockexplorer.com/block/000000000000372744c19efaf112182bbed961a0fee0d89a6f04b4984e4f4584

Maybe someone transferred to himself Smiley. Is that possible??
steelhouse
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May 02, 2011, 09:27:46 PM
 #47

Well we all laughed at the post when he bought them.  However if he was not a troll he bought most below $1.50.  You can transfer to yourself or another client.  If I owned those I would get another computer start up another client and transfer them.  Then your bitcoin client shows 1 transaction with 200,000 BTC.

You have to hand it to him, he made a house in 7 days, but if he flooded the market with those the price would drop to $1.
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