promojo (OP)
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December 09, 2014, 03:46:37 PM |
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What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays?
There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
Any comments/feedback appreciated. I think we are all bears at this point.
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amaclin
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December 09, 2014, 03:54:17 PM |
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There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
Yes. It is true. There are ~ 2 160 addresses and ~ 2 256 private keys 256 - 160 = 96
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promojo (OP)
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December 09, 2014, 03:58:03 PM |
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There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
Yes. It is true. There are ~ 2 160 addresses and ~ 2 256 private keys 256 - 160 = 96 So. With that said. Can you explain this in english to people that don't understand? I think we need to make people aware of this.... Thanks
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amaclin
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December 09, 2014, 04:03:46 PM |
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Can you explain this in english to people that don't understand? No, I can not. I speak English very bad. And tired explaining the obvious things I think we need to make people aware of this.... Why?
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Guido
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December 09, 2014, 04:10:41 PM |
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There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
link? or else you're just a bear spreading fud thanks
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I am Bonkers BTW Crypto OG + Digital Artist
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leex1528
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December 09, 2014, 04:12:38 PM |
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What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays?
There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
Any comments/feedback appreciated. I think we are all bears at this point.
Who said price is going down? It has been going up for me? Do you have any valid information other than just saying price is going down?
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promojo (OP)
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December 09, 2014, 04:14:16 PM |
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What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays?
There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
Any comments/feedback appreciated. I think we are all bears at this point.
Who said price is going down? It has been going up for me? Do you have any valid information other than just saying price is going down? It appears that price is going back up. Rebound in the last 30 minutes or so... Right when I posted this? Thoughts?
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promojo (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 09, 2014, 04:14:38 PM |
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There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
link? or else you're just a bear spreading fud thanks That is what I am trying to figure out here..... Looks like we have a rebound on the way?
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dserrano5
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December 09, 2014, 04:58:02 PM |
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Yes. It is true. There are ~ 2160 addresses and ~ 2256 private keys 256 - 160 = 96
I think we need to make people aware of this.... STOP THE PRESS! BITCOIN'S BROKEN!! Now seriously, aware of exactly what? It appears that price is going back up. Rebound in the last 30 minutes or so... Right when I posted this? Thoughts?
That must be because you are The Manipulator.
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newIndia
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December 09, 2014, 05:03:22 PM |
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What is causing this to happen? Seriously? There has really been no bad news yesterday except for the fact blockchain.info got hacked NOT the blockchain itself. I don't think this is manipulation or China going crazy. I think people are getting out or getting out for holidays?
There is also speculation/rumor that just came out - For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
Any comments/feedback appreciated. I think we are all bears at this point.
We know that from 2009. Why on earth this will have any impact on price ? It'll take u a few sun life to find one of those 2 96 combination against a certain address.
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LiteCoinGuy
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In Satoshi I Trust
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December 09, 2014, 05:11:40 PM |
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buy = price up sell = price down
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DannyHamilton
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December 09, 2014, 05:14:02 PM |
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For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
This is true. There are also significantly more than 2^255 private keys that DO NOT fit. This means that if you choose a private key at random, you have a 1 in 1.46X10 48 chance of choosing the private key of a specific address that you are attempting to attack. That's a 0.000000000000000000000000000000000000000000000068% chance of success. (6.8X10 -47%) Of course it is impossible for there to EVER be more than 2 51 bitcoin addresses that simultaneously have a balance in them (specifically there will never be more than 2,099,725,475,410,000 addresses that simultaneously have a balance in them).
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promojo (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 09, 2014, 05:18:08 PM |
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For every public BTC address, there is 2 to the power of 96 private keys that FIT. - True or false rumors?
This is true. There are also significantly more than 2^255 private keys that DO NOT fit. This means that if you choose a private key at random, you have a 1 in 1.46X10 48 chance of choosing the private key of a specific address that you are attempting to attack. That's a 0.000000000000000000000000000000000000000000000068% chance of success. (6.8X10 -47%) Of course it is impossible for there to EVER be more than 2 51 bitcoin addresses that simultaneously have a balance in them (specifically there will never be more than 2,099,725,475,410,000 addresses that simultaneously have a balance in them). Thanks for clearing this up... I just kept on reading this morning about people talking about this and making it seem like it is breaking news. Cheers
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promojo (OP)
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December 09, 2014, 05:21:51 PM |
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That must be because you are The Manipulator.
Whoa there cowboy. I ain't trying to manipulate anything.
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fewcoins
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December 09, 2014, 10:13:28 PM |
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Okay well back on topic, We are in a pretty tight range & will continue to trade largely sideways probably until the year ends... Plenty of money to be made here... Looks like we hit a wall & I see almost 3k coins willing to be bought at $330 A bounce is expected, probably to 400 maybe more, then we will come back to test this 350 level again. I covered my shorts yesterday once we got into the 340 range, Looks like this accumulation will continue for a while so I am starting to nibble in the area in case of another run to $470+
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promojo (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 10, 2014, 05:08:47 PM |
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Okay well back on topic, We are in a pretty tight range & will continue to trade largely sideways probably until the year ends... Plenty of money to be made here... Looks like we hit a wall & I see almost 3k coins willing to be bought at $330 A bounce is expected, probably to 400 maybe more, then we will come back to test this 350 level again. I covered my shorts yesterday once we got into the 340 range, Looks like this accumulation will continue for a while so I am starting to nibble in the area in case of another run to $470+
I have been shorting as well.... I went back in at 344 and sold off yesterday at 346.... Waiting to re-enter - I thought we were going to fall again and from the looks of it we are simply going sideways. I might buy on the low end today. Hopefully.
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resya
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December 10, 2014, 05:37:06 PM |
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Those who are still at a decent profit should be selling now and waiting to see what happens. Take your profits because you can always buy back and profit again later when things looks better. Downtrend right now and heading to a weekend. Smart to sell and wait if youre at a profit.
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sniveling
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December 10, 2014, 09:19:13 PM |
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Okay well back on topic, We are in a pretty tight range & will continue to trade largely sideways probably until the year ends... Plenty of money to be made here... Looks like we hit a wall & I see almost 3k coins willing to be bought at $330 A bounce is expected, probably to 400 maybe more, then we will come back to test this 350 level again. I covered my shorts yesterday once we got into the 340 range, Looks like this accumulation will continue for a while so I am starting to nibble in the area in case of another run to $470+
I have been shorting as well.... I went back in at 344 and sold off yesterday at 346.... Waiting to re-enter - I thought we were going to fall again and from the looks of it we are simply going sideways. I might buy on the low end today. Hopefully. Looking at the weekly charts for the big exchanges there appear to be big 2.5k dumps early in the week that have gradually got smaller and smaller before mid-week. Today there only seems to have been a few relatively small dumps that the price quickly bounced back from. My guess is also that we are simply going sideways for a while, and afterwards we might start going up.
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fewcoins
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 11, 2014, 05:59:13 AM |
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We def are trading sideways but the range keeps getting smaller and smaller... Something has got to give!
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botany
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December 12, 2014, 09:09:04 AM |
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Those who are still at a decent profit should be selling now and waiting to see what happens. Take your profits because you can always buy back and profit again later when things looks better. Downtrend right now and heading to a weekend. Smart to sell and wait if youre at a profit.
The question is how much lower can you go? If you are anyway looking at moderate downside, better to hold your coins.
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