Kupsi
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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July 11, 2012, 09:06:57 PM |
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The wall went away...  |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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apetersson
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July 11, 2012, 09:12:18 PM |
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aaand its gone..
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thezerg
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Activity: 1246
Merit: 1010
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July 11, 2012, 09:13:53 PM |
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5pm -- quitting time!
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Piper67
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Activity: 1106
Merit: 1001
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July 11, 2012, 09:16:27 PM |
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5pm -- quitting time!
Yup, if someone can't be sitting at his/her computer, someone can't pull the plug when someone's BTC are being eroded fast  |
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Spekulatius
Legendary
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Activity: 1022
Merit: 1000
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July 11, 2012, 09:18:26 PM |
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cypherdoc
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Activity: 1764
Merit: 1002
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July 11, 2012, 09:20:18 PM |
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The wall went away... Wimps |
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Spekulatius
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Activity: 1022
Merit: 1000
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July 11, 2012, 09:22:41 PM |
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It occured to me lately (actually just now  ) that those interventions may be quite voluntarily executed in order to dampen the surge in price. This way this rally wont overheat too fast and therefore be of little duration. It also may excel its own hight if controlled and supported, instead of being left solely at markets forces. |
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Koekiemonster
Sr. Member
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Activity: 321
Merit: 250
Bitbuy.nl!
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July 11, 2012, 09:29:10 PM |
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It occured to me lately (actually just now ) that those interventions may be quite voluntarily executed in order to dampen the surge in price. This way this rally wont overheat too fast and therefore be of little duration. It also may excel its own hight if controlled and supported, instead of being left solely at markets forces. This is what I've been thinking for a long time. The 'manipulator' might actually be one or more persons trying to control the market in a possitive way for the community. |
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proudhon
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Activity: 2198
Merit: 1311
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July 11, 2012, 09:34:05 PM |
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It occured to me lately (actually just now ) that those interventions may be quite voluntarily executed in order to dampen the surge in price. This way this rally wont overheat too fast and therefore be of little duration. It also may excel its own hight if controlled and supported, instead of being left solely at markets forces. This is what I've been thinking for a long time. The 'manipulator' might actually be one or more persons trying to control the market in a possitive way for the community. If that's the case, then he needs to try a little harder, I think. Pulled out too early. Nobody was going to buy through that. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Spekulatius
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Activity: 1022
Merit: 1000
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July 11, 2012, 09:38:30 PM |
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It occured to me lately (actually just now ) that those interventions may be quite voluntarily executed in order to dampen the surge in price. This way this rally wont overheat too fast and therefore be of little duration. It also may excel its own hight if controlled and supported, instead of being left solely at markets forces. This is what I've been thinking for a long time. The 'manipulator' might actually be one or more persons trying to control the market in a possitive way for the community. If that's the case, then he needs to try a little harder, I think. Pulled out too early. Nobody was going to buy through that. Good luck the manipulator isnt you! We would still be around 1$ by now |
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Kupsi
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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July 11, 2012, 10:53:53 PM |
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A little update.  |
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bitcoinBull
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Activity: 826
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rippleFanatic
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July 11, 2012, 11:26:39 PM |
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Put the ask back up! We're going too high too fast!! |
College of Bucking Bulls Knowledge
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ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
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July 12, 2012, 03:50:58 AM |
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One possibility to consider is that our "manipulator" is in fact buying and selling Bitcoins on behalf of clients in a parallel market and the appearance and disappearance of walls is driven to some degree by what is going on in this parallel market.
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proudhon
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Activity: 2198
Merit: 1311
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July 12, 2012, 03:11:26 PM |
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Title: "Hey dummies, don't you see the ask wall? Stop buying!"  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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hazek
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Activity: 1078
Merit: 1002
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July 12, 2012, 03:49:01 PM |
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Title: "Hey dummies, don't you see the ask wall? Stop buying!"
hahahaha |
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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Spekulatius
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Activity: 1022
Merit: 1000
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July 12, 2012, 04:37:29 PM |
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 Ha! I got here first! |
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proudhon
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Activity: 2198
Merit: 1311
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July 12, 2012, 04:40:58 PM |
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Ha! I got here first! Ugh, I wish that guy'd just leave it up there. The higher we go right now the further we're going to fall when this thing corrects. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Spekulatius
Legendary
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Activity: 1022
Merit: 1000
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July 12, 2012, 04:43:02 PM |
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Ha! I got here first! Ugh, I wish that guy'd just leave it up there. The higher we go right now the further we're going to fall when this thing corrects.Not before 10$ |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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July 12, 2012, 05:19:14 PM |
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Ha! I got here first! Ugh, I wish that guy'd just leave it up there. The higher we go right now the further we're going to fall when this thing corrects.Not before 10$ If it goes up that high we'll see the price flirt with $5 again. That'll be really awesome for some people and horrible for a lot more. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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tripper22
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July 12, 2012, 06:02:44 PM |
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Ha! I got here first! Ugh, I wish that guy'd just leave it up there. The higher we go right now the further we're going to fall when this thing corrects.Not before 10$ If it goes up that high we'll see the price flirt with $5 again. That'll be really awesome for some people and horrible for a lot more. I would love to have a look into your crystal ball. You don't know what's going to happen to the price of bitcoin any more than I do. Nobody knows. So give it a rest already. |
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