dead? no
biggest scam? no
people manipulating the price? yes
It's not companies, while some big groups mine tons of btc there are those who joined in the early day and owns more than the big companies in question and some either being it companies, groups or individuals are manipulating the market to make profit, like in any stock market, just there are quite the number of amateurs when it comes to btc, and thus yes pannic sales when the prices start droping significally, or panic buys when it is the other way around
Topic: Bicoin biggest scam in the early history !!! - page 2. (Read 7860 times)
Guys I'm sorry but the game is over,
and try understand this
http://mining.thegenesisblock.com/a/5600a160ea
and try understand this
http://mining.thegenesisblock.com/a/5600a160ea
its not even exponential
1GH is still doing 25 cents a day so it will still be doing 10 cents in a year and that's without a price rise
I am here again after 85 days,
Now 1Gh doing for only 4.5 cents at 24 H !!!
My forecasts before 85 days, now look very realistically !
Well if you invest some of your money then it is scamm... but if you get something from nothing.. then you dont think that is scamm...
for it will take about 50 years
I already have it. In my spaceship on LHS 292. But mining will be impossible for all,
for two months.
Now difficulty is 3.1 bilion, what when be 100 or 1000 bilion ?
Then I'll make a 10 Exahash/s miner and dominate the network. for two months.
Now difficulty is 3.1 bilion, what when be 100 or 1000 bilion ?
for it will take about 50 years
But mining will be impossible for all,
for two months.
Now difficulty is 3.1 bilion, what when be 100 or 1000 bilion ?
Then I'll make a 10 Exahash/s miner and dominate the network. for two months.
Now difficulty is 3.1 bilion, what when be 100 or 1000 bilion ?
But mining will be impossible for all,
for two months.
Now difficulty is 3.1 bilion, what when be 100 or 1000 bilion ?
for two months.
Now difficulty is 3.1 bilion, what when be 100 or 1000 bilion ?
OP stop spreading FUD.
Explain ,please show proof that mining has contributed in some way to the price collapse on gox.
Just think like you're the owner of a large company that manufactures and exploitation of mining hardware.
Put yourself in his position, how to earn more money ?
If I owned a large manufacturing plant dedicated to bitcoin hardware I would pray that bitcoin price rose exponentially so that more people could buy my equipment and profit from doing so .
How do you not understand this ?
It is very easy for the average intelligent person to understand that the lower bitcoins price the less profitable mining hardware will be .
I know for months you keep posting ridiculous nonsensicle comments and no matter how any one tries to educate you ,you simple refuse to grasp the basics .
Either you really cannot grasp the concept of bitcoin or you are doing this for some alternate reason.
If there is something you are not getting please ask .
Explain ,please show proof that mining has contributed in some way to the price collapse on gox.
Just think like you're the owner of a large company that manufactures and exploitation of mining hardware.
Put yourself in his position, how to earn more money ?
Explain ,please show proof that mining has contributed in some way to the price collapse on gox.
What is happening at GOX has zero to do with mining
[/quote]
Not true !
[/quote]
Not true !
First for an exchanges price to be able to drop people locked into MTgox need to have people who wish to sell and people who are willing to buy .
There are a lot of people on gox who are panicking and selling ,recently there was a millionaire investor that advertised in this forum that he was prepared to buy coins from anyone holding goxcoins and do an internal transfer,this liquidity provided by millionaire investors is what has allowed the price to drop,do not forget that every trade needs people who are willing to buy as well as those who are panicking and selling .
The millionaires have perhaps been reassured by Mark Karpeles that this issue is going to be short lived and they believe him.
Millionaire become Millionaires by accepting high risk propositions .
If anyone buys bitcoin on gox at $160 ish while all other exchanges are $600 they accept the risk and will deserve the rewards should they get anything at all.
personally the issue around transaction malleabilty should have been quickly resolved ,the fact that GOX is still accepting deposits but not withdrawals is a red herring ,they are sucking people dry before they declare bankruptcy .
There are a lot of people on gox who are panicking and selling ,recently there was a millionaire investor that advertised in this forum that he was prepared to buy coins from anyone holding goxcoins and do an internal transfer,this liquidity provided by millionaire investors is what has allowed the price to drop,do not forget that every trade needs people who are willing to buy as well as those who are panicking and selling .
The millionaires have perhaps been reassured by Mark Karpeles that this issue is going to be short lived and they believe him.
Millionaire become Millionaires by accepting high risk propositions .
If anyone buys bitcoin on gox at $160 ish while all other exchanges are $600 they accept the risk and will deserve the rewards should they get anything at all.
personally the issue around transaction malleabilty should have been quickly resolved ,the fact that GOX is still accepting deposits but not withdrawals is a red herring ,they are sucking people dry before they declare bankruptcy .
I think it's time for the mining expired, and that's the main reason for of these events !
Check; https://bitcointalk.org/index.php?topic=400001.40
View Screen CaptureFirst for an exchanges price to be able to drop people locked into MTgox need to have people who wish to sell and people who are willing to buy .
There are a lot of people on gox who are panicking and selling ,recently there was a millionaire investor that advertised in this forum that he was prepared to buy coins from anyone holding goxcoins and do an internal transfer,this liquidity provided by millionaire investors is what has allowed the price to drop,do not forget that every trade needs people who are willing to buy as well as those who are panicking and selling .
The millionaires have perhaps been reassured by Mark Karpeles that this issue is going to be short lived and they believe him.
Millionaire become Millionaires by accepting high risk propositions .
If anyone buys bitcoin on gox at $160 ish while all other exchanges are $600 they accept the risk and will deserve the rewards should they get anything at all.
personally the issue around transaction malleabilty should have been quickly resolved ,the fact that GOX is still accepting deposits but not withdrawals is a red herring ,they are sucking people dry before they declare bankruptcy .
There are a lot of people on gox who are panicking and selling ,recently there was a millionaire investor that advertised in this forum that he was prepared to buy coins from anyone holding goxcoins and do an internal transfer,this liquidity provided by millionaire investors is what has allowed the price to drop,do not forget that every trade needs people who are willing to buy as well as those who are panicking and selling .
The millionaires have perhaps been reassured by Mark Karpeles that this issue is going to be short lived and they believe him.
Millionaire become Millionaires by accepting high risk propositions .
If anyone buys bitcoin on gox at $160 ish while all other exchanges are $600 they accept the risk and will deserve the rewards should they get anything at all.
personally the issue around transaction malleabilty should have been quickly resolved ,the fact that GOX is still accepting deposits but not withdrawals is a red herring ,they are sucking people dry before they declare bankruptcy .
I think it's time for the mining expired, and that's the main reason for of these events !
Check; https://bitcointalk.org/index.php?topic=400001.40
View Screen Capture
First for an exchanges price to be able to drop people locked into MTgox need to have people who wish to sell and people who are willing to buy .
There are a lot of people on gox who are panicking and selling ,recently there was a millionaire investor that advertised in this forum that he was prepared to buy coins from anyone holding goxcoins and do an internal transfer,this liquidity provided by millionaire investors is what has allowed the price to drop,do not forget that every trade needs people who are willing to buy as well as those who are panicking and selling .
The millionaires have perhaps been reassured by Mark Karpeles that this issue is going to be short lived and they believe him.
Millionaire become Millionaires by accepting high risk propositions .
If anyone buys bitcoin on gox at $160 ish while all other exchanges are $600 they accept the risk and will deserve the rewards should they get anything at all.
personally the issue around transaction malleabilty should have been quickly resolved ,the fact that GOX is still accepting deposits but not withdrawals is a red herring ,they are sucking people dry before they declare bankruptcy .
There are a lot of people on gox who are panicking and selling ,recently there was a millionaire investor that advertised in this forum that he was prepared to buy coins from anyone holding goxcoins and do an internal transfer,this liquidity provided by millionaire investors is what has allowed the price to drop,do not forget that every trade needs people who are willing to buy as well as those who are panicking and selling .
The millionaires have perhaps been reassured by Mark Karpeles that this issue is going to be short lived and they believe him.
Millionaire become Millionaires by accepting high risk propositions .
If anyone buys bitcoin on gox at $160 ish while all other exchanges are $600 they accept the risk and will deserve the rewards should they get anything at all.
personally the issue around transaction malleabilty should have been quickly resolved ,the fact that GOX is still accepting deposits but not withdrawals is a red herring ,they are sucking people dry before they declare bankruptcy .
See MtGox,
how it is possible, big international robbery without any help and without any legal responsibility.
Who was behind this
how it is possible, big international robbery without any help and without any legal responsibility.
Who was behind this
You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.
I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.
We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.
mining is impossible, difficulty is 3.1 bilion and for next 8 days +23% !!!
View Screen Capture
View Screen CaptureMining is extremely popular ,The evidence is here and Igorr is providing it .
For the difficulty to rise 25% in a period of 10 days that means 25% more mining power has been added to the network .
Recently we have seen 100% extra mining power per month meaning 100% more power to the network .
The only affect miners can have on price is if they sell the coins they earn through mining ,The amount of coins they earn on average never changes per 10 minutes ,If mining power increased by 1000% tomorrow still only 25 coins would come into existance on average every 10 minutes .
Remember, its most centralized currency the world has ever seen, by manufacturers mining hardware.
mining is impossible for ordinary people !!!
Mining is out of the average joes capabilities now .
Mining is becoming centralised to the mining pools.
If government want to close down new bitcoin production it is becoming increasingly easy.
Guess who would be targeted first ,yep the big central pools with easily identifiable addresses .Mining then would return to the small anonimous individuals .
You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.
I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.
We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.
mining is impossible, difficulty is 3.1 bilion and for next 8 days +23% !!!
View Screen CaptureView Screen CaptureMining is extremely popular ,The evidence is here and Igorr is providing it .
For the difficulty to rise 25% in a period of 10 days that means 25% more mining power has been added to the network .
Recently we have seen 100% extra mining power per month meaning 100% more power to the network .
The only affect miners can have on price is if they sell the coins they earn through mining ,The amount of coins they earn on average never changes per 10 minutes ,If mining power increased by 1000% tomorrow still only 25 coins would come into existance on average every 10 minutes .
Remember, its most centralized currency the world has ever seen, by manufacturers mining hardware.
mining is impossible for ordinary people !!!
You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.
I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.
We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.
mining is impossible, difficulty is 3.1 bilion and for next 8 days +23% !!!
View Screen CaptureView Screen CaptureMining is extremely popular ,The evidence is here and Igorr is providing it .
For the difficulty to rise 25% in a period of 10 days that means 25% more mining power has been added to the network .
Recently we have seen 100% extra mining power per month meaning 100% more power to the network .
The only affect miners can have on price is if they sell the coins they earn through mining ,The amount of coins they earn on average never changes per 10 minutes ,If mining power increased by 1000% tomorrow still only 25 coins would come into existance on average every 10 minutes .
Jump to: