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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Sarthak
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March 05, 2015, 11:28:42 AM |
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Bitcoin Will SkyRocket Not skyrocket exactly but will go up!
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Guido
Legendary
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Activity: 1061
Merit: 1001
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March 05, 2015, 11:31:02 AM |
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i think main buyers will be funds, larger players and hodlers all auctions have gone this way and is great news out of hands of criminals and black market players, and out of hands of other criminals fbi and cia once all ulbricht and other silk road players coins sold at these auctions there is unlikely to ever be such things again
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I am Bonkers BTW Crypto OG + Digital Artist
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DeboraMeeks (OP)
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March 05, 2015, 11:39:58 AM |
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Bitcoin Will SkyRocket Not skyrocket exactly but will go up! Being optimistic is good, being over-optimistic isn't, as your ego only gets hurt if the real picture that comes out what you didn't expect, just like over-confidence. Me too currently bullish on BTC, let's see what the big guys are hodling in their bags.
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mlferro
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March 05, 2015, 01:26:02 PM |
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Bitcoin Will SkyRocket Not skyrocket exactly but will go up! surely this is what everyone wants. But I prefer to wait and see.
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Exther2
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March 05, 2015, 01:35:59 PM |
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Let's see, it is today, some hours later. I think that it will not give any effect to current price. There is too much bitcoins around so 50k only if sold at once can be a danger, but I doubt that will happen, as it would be not so smart if buyer do it. He can calm and wait for price to double so he can enjoy on at least 100% profit.
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Morenod
Full Member
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Activity: 197
Merit: 100
QUIFAS EXCHANGE
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March 05, 2015, 01:39:11 PM |
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Little drop now before the auction.
Change after will be depending on who buys these BTC.
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newIndia
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Activity: 2198
Merit: 1049
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March 05, 2015, 01:40:40 PM |
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These auctions do not hit the market directly. So, they are not a problem except the panic factor.
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DeboraMeeks (OP)
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March 05, 2015, 01:44:02 PM |
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These auctions do not hit the market directly. So, they are not a problem except the panic factor.
I highly doubt that there are people (whales) sitting currently thinking more of harming the price of BTC instead of giving it some support, as if these coins are sold and dumped, then that would be a better opportunity for many whales to get in again at very low prices as panic sell will be the obvious scene.
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neoneros
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March 05, 2015, 01:46:19 PM |
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If you want to know the effect, check what happened the first two auctions.
Only thing it contributes so far is some press coverage in the mainstream media.
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DeboraMeeks (OP)
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March 05, 2015, 01:50:23 PM |
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If you want to know the effect, check what happened the first two auctions.
Only thing it contributes so far is some press coverage in the mainstream media.
I think I have already given my opinion on this through the below mentioned statement... I highly doubt that there are people (whales) sitting currently thinking more of harming the price of BTC instead of giving it some support, as if these coins are sold and dumped, then that would be a better opportunity for many whales to get in again at very low prices as panic sell will be the obvious scene.
The only thing I saw was, dump first and a bit pump later on, still it harms the price of BTC a lot due to people selling in panic, as I have seen everyone selling on news.
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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March 05, 2015, 01:58:28 PM |
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There is nothing special about it. It's exactly the same as previous auctions.
Not sure why some people get excited over nothing.
The only one who benefits from it are the people who get a lot coins for just one price at the auction.
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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March 05, 2015, 02:01:01 PM |
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Nothing much'll happen in the wider world. If the previous auctions have taught us anything, it's that they're utilised by people looking for large and pain free purchases away from all the crappy exchanges. That points towards holding and future plans.
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Bralex
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March 05, 2015, 02:03:28 PM |
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It may drop the price a little when a few of the newbies start selling if it does not start a little panic then very little will happen, 2pm so has it just finished i am in th UK? The buyer will most likely hold them coins for the long term so not much to worry about them dumping
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NUFCrichard
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Activity: 1218
Merit: 1003
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March 05, 2015, 02:05:16 PM |
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There is nothing special about it. It's exactly the same as previous auctions.
Not sure why some people get excited over nothing.
The only one who benefits from it are the people who get a lot coins for just one price at the auction.
It's the last one isn't it? That makes it somewhat special, the market is free afterwards from the threat of the Feds dumping their coins to drop the price again! I have a feeling some good entrepreneurs will be involved this time, there is some momentum behind BTC at the moment, not that the price would tell you that!
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DeboraMeeks (OP)
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March 05, 2015, 02:14:40 PM |
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It's the last one isn't it? That makes it somewhat special, the market is free afterwards from the threat of the Feds dumping their coins to drop the price again! I have a feeling some good entrepreneurs will be involved this time, there is some momentum behind BTC at the moment, not that the price would tell you that!
Still, after watching the exchanges and the decrease in sell-offs the last few days, yes, I too believe that there might happen something very surprising what we haven't expected from this auction thing.
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Beliathon
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March 05, 2015, 02:29:19 PM |
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What do you think on "how this will actually affect the price at any cost"? No matter what happens, I think you should panic.
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RodeoX
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The revolution will be monetized!
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March 05, 2015, 02:37:31 PM |
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My take... Yawn.
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galbros
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March 05, 2015, 02:51:23 PM |
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The first auction went really well but the second one less so. Given the recent price action I think it is a minor negative, more coins hitting the market, but hopefully will set the stage for another move up.
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pedrog
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March 05, 2015, 02:51:30 PM |
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From what happened in previous auctions, bitcoin price will go down.
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