Bitcoin is dead ! GHash over 51%, SR Seized coins and Mtgox coins, China Ban etc

[falllling]

• GHash reached over 51% and even more miners joining them, they are not cutting their hashrate as they promised, it doesn't matter even if they do cut the hashrate to 49% or whatsoever, they still have the possibility to reach / break 51% hashrate any time, same threat to bitcoin protocol, bitcoin now becomes GHash Coin
  
  

  Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%.
  The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about.
  

• FBI's SR Seized coins contain 2 parts: 1: 30k bitcoins in the Silkroad website wallet (selling in this month) 2: 144k bitcoins seized from Ross Ulbricht (SR admin), FBI did already get the password (the fbi agents are not using the Brute-force password way, but a hammer), the 144k bitcoins sell will be put on the market very soon
• Mtgox lost at least 800k bitcoins, another 200k bitcoins will be sold in Bankruptcy procedure very soon
• China ban, it means no more crazy buy from Chinese, it's all west play now

Let's sum up how many coins here:
(30+144+800+200) * 1000 = 1174,000 bitcoins
if one bitcoin worths $1000, it means $1,174,000,000 dumps (not slowly small long time sells, but lasting dumps over 1 or 2 years, yes, 2015 & 2016)


neither expedia nor yahoo nor google can save the price, not even with Amazon, Ebay, Facebook, there are too many bitcoins, too many!
no matter how many companys join this "receive bitcoin & exchange to $$ immediately through bitpay/coinbase" or "receive bitcoin & exchange most of them to $$ immediately through bitpay/coinbase" won't work, why should any big company pay the bitcoin debt(1174,000k bitcoins) and keeps bitcoins as their revenue (GHash Coin)? it means giving out the company finance/life to the GHash, can you imagine GHash controlled google & yahoo & amazon?

all of this bad news is crashing and will totally crash the market, $6xx is the top bubble, we are now going to break $500, $400 very fast, $300 until $1xx $xx $x, after that, if bitcoin is not dead or abandoned at that time, maybe we will have a chance to start over again from around $0.1

The moon $1000 bubble bursted long time ago, fell to $3xx, dead cat bounce to $8xx, we fell to $4xx, dead cat bounce to $6xx ... False "to da moon" hopes are around but at the end, the price will finally fall to $0.x

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[podyx]

[Sawadekub]

failling why are u still here in forums? since price will be cheaper.. i suggest u keep this to yourself? so that u can scoop our coins alone and not us... right? hahah only dumb ass shit hole fools will believe u

[BTCfan1]

[omehenk]

falllling  >>  Newbie  Date Registered:  >>> May 27, 2014, 08:47:48 AM     Activity: 28  << wow that must be USEFULL  info.




H

[TERA]

NO MORE MOON

[tutkarz]

Excellent buy opportunity, thanks for pointing that out op.

[the_sunship]

Excellent buy opportunity, thanks for pointing that out op.

I was hoping for a bigger dip than this.

People seem to be panicking a lot less lately...

[TERA]

Excellent buy opportunity, thanks for pointing that out op.

I was hoping for a bigger dip than this.

People seem to be panicking a lot less lately...

Be careful what you wish for. I think this dip went just as low as it could go without starting to get very bearish. It touched on the trend line, the fib line, the bottom of a penant during this rally, the peak of the previous rally in April, a 3D ema, and a 1W ema.  I actually would have preferred if it only went to $560 or $570  (but did the same volume or greater).

[Swordsoffreedom]

• GHash reached over 51% and even more miners joining them, they are not cutting their hashrate as they promised, it doesn't matter even if they do cut the hashrate to 49% or whatsoever, they still have the possibility to reach / break 51% hashrate any time, same threat to bitcoin protocol, bitcoin now becomes GHash Coin
  

So it did reach over 51% of the Network Hash Rate after all
I was wondering if you have a screenshot of that I see 49% now yours is 50 so someone must have caught the 51% moment
Before you all start trolling on the newbie 49% atm so its plausible it hit 51 he has a plausible point
https://blockchain.info/pools?timespan=24hrs

[falllling]

• GHash reached over 51% and even more miners joining them, they are not cutting their hashrate as they promised, it doesn't matter even if they do cut the hashrate to 49% or whatsoever, they still have the possibility to reach / break 51% hashrate any time, same threat to bitcoin protocol, bitcoin now becomes GHash Coin

So it did reach over 51% of the Network Hash Rate after all
I was wondering if you have a screenshot of that I see 49% now yours is 50 so someone must have caught the 51% moment
Before you all start trolling on the newbie 49% atm so its plausible it hit 51 he has a plausible point
https://blockchain.info/pools?timespan=24hrs

48% or 49% or 51% doesn't matter, its the same threat, you saw the quote about double spend rate, GHash also has the capability to break 51% at any moment they want, cut hashrate or not, it's all depends on their control & their wishes.
you tell me, will big companys put their money on the GHash coin?

[alexeft]

Ghash are nowhere near 50%. Look here http://www.bitcoinwatch.com/

[runam0k]

LOL @ this thread.

[alexeft]

LOL @ this thread.

Indeed!!!! 

[Thibaut]

Just now :

http://amaelie.fr/external/51.png

[ScryptAsic]

Looks like you wanted to buy some cheap bitcoin, looks like bitcoin price went up instead

[seljo]

The answer to all this is... behold... Ghash is Deepbit!!!!



They tricked me I hodld!

[Jamie_Boulder]

Considering GHash is a business and the primary goal for a business is to grow they can only limit themselves so much before it starts hurting, question is do they sell out and give control or keep their promise to have BTC best interest at hand.

Even if BTC was dumped, it would bounce back in no time, there's just so much belief in the concept that I'd almost call it a cult-like following. Not to mention the value of BTC doesn't effect what BTC actually is - something people often forget when prices 'crash'

[Buo]

Where can I check the Ghash hashing power percent in real time?
Thanks

[btc6000]

LOL @ this thread.

LOL @ the TROLL