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oakpacific
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April 03, 2013, 12:57:30 AM |
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Are you sure it's not the Instawallet/Bitcoin Central coins? Maybe it's the money used to pump up LTC Could be.
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chrsjrcj
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April 03, 2013, 12:58:57 AM |
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oakpacific, can you explain that?
He is saying a rather large chunk of 'older' or 'not moved in a long while' coins just made a move somewhere. Maybe it heads for the exchange or not, no one can say. If we assume that these coins are the minimum age for that graph (exactly 1 year old), then we can do 16,000,000 days destroyed / 365 days = 43.8k coins moved! If 43k BTC get dumped all at once, it would drop the price down to ~$85. Bring on the fire sale!
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mccorvic
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April 03, 2013, 12:59:35 AM |
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Are you sure it's not the Instawallet/Bitcoin Central coins? This is my thought exactly This is one of my favorite things about bitcoin. It allows you to go sleuthing with pure data. I LOVE IT Weren't they hacked and those coins are now in control of some blackhat hacker? If so, that doesn't bode well. What if he dumps? https://bitcoin-central.net/They're saying that the coins are safe.
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oakpacific
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April 03, 2013, 01:04:51 AM |
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oakpacific, can you explain that?
He is saying a rather large chunk of 'older' or 'not moved in a long while' coins just made a move somewhere. Maybe it heads for the exchange or not, no one can say. If we assume that these coins are the minimum age for that graph (exactly 1 year old), then we can do 16,000,000 days destroyed / 365 days = 43.8k coins moved! If 43k BTC get dumped all at once, it would drop the price down to ~$85. Bring on the fire sale! Though not sure whose coins these really are, the total amount should be no more than 40K, probably around 30K sans all the noise. Unlikely to crash the market even if all dumped, and amplified by a factor of 2 through some panic selling.
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cedus
Newbie
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Activity: 46
Merit: 0
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April 03, 2013, 01:22:27 AM |
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Thread is lagging bad! 890 vs. 1180. POST POST POST!
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DougTanner
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April 03, 2013, 01:24:01 AM |
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Of course, as I'm getting ready to unwind and head off to bed, the price starts to go up
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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April 03, 2013, 01:25:00 AM |
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- aka The "DigiMan"
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BitcoinTate
Full Member
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Activity: 224
Merit: 100
DigiByte Founder
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April 03, 2013, 01:40:05 AM |
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BTC China now at $137
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- aka The "DigiMan"
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mccorvic
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April 03, 2013, 01:45:48 AM |
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BTC China now at $137
China goin' crazy for them bitcoins.
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oakpacific
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April 03, 2013, 01:52:30 AM |
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BTC China now at $137
China goin' crazy for them bitcoins. Ridiculously wealthy tycoons with high business acumen+lack of investment options+no confidence in government-backed financial system=high bitcoin price in China.
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Beta-coiner1
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April 03, 2013, 01:54:39 AM |
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Ridiculously wealthy tycoons with high business acumen+lack of investment options+no confidence in government-backed financial system=high bitcoin price in China.
Hmmmm....I don't think so. Check out the issue of government control on spending limits for Chinese citizens and gambling in Macau=Higher BTC pricing.
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oakpacific
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April 03, 2013, 01:57:06 AM |
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Ridiculously wealthy tycoons with high business acumen+lack of investment options+no confidence in government-backed financial system=high bitcoin price in China.
Hmmmm....I don't think so. Check out the issue of government control on spending limits for Chinese citizens and gambling in Macau=Higher BTC pricing. Well, actually it's very easy to obtain dollars for gambling, people here don't do things by the book.
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BitcoinTate
Full Member
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Activity: 224
Merit: 100
DigiByte Founder
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April 03, 2013, 01:57:32 AM |
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Yesterday the high at BTC China was $113... for the past couple weeks Gox has been following BTC China a day later. I just cant image Gox hitting $137 tomorrow without a big sell off.
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- aka The "DigiMan"
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mb300sd
Legendary
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Merit: 1000
Drunk Posts
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April 03, 2013, 02:03:03 AM |
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Whats the volume on btcchina? Can't seem to find it, I have it on english, but half the site is still in chinese...
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1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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BitcoinTate
Full Member
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Activity: 224
Merit: 100
DigiByte Founder
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April 03, 2013, 02:05:34 AM |
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Whats the volume on btcchina? Can't seem to find it, I have it on english, but half the site is still in chinese...
2,284.571
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- aka The "DigiMan"
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BitcoinTate
Full Member
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Activity: 224
Merit: 100
DigiByte Founder
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April 03, 2013, 02:06:15 AM |
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2,477.113*
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- aka The "DigiMan"
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NamelessOne
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Activity: 840
Merit: 1000
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April 03, 2013, 02:16:48 AM |
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119 has arrived!
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WikileaksDude
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April 03, 2013, 02:18:33 AM |
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119 has arrived! Yes it did!
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