Did Ghash cause the price drop? | Bitcointalksearch.org

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: fryarminer on June 12, 2014, 04:58:14 PM

Quote from: AmDD on June 12, 2014, 04:50:12 PM

Id guess it has to do with the DPR coins.

But were the DPR coins exchanged for cash or just transferred to the DPR 2 wallet?

It looks like they were just transferred to another wallet. When you transfer to an exchange the exchange will usually sweep the coins from the "deposit" address. The price drop is probably due to anticipation of a large amount of coins being brought to the market in the near future.

ljudotina

legendary

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This has absolutely nothing to do with ghash.
They are not as important as you ppl think.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: Elwar on June 12, 2014, 04:59:03 PM

Quote from: fryarminer on June 12, 2014, 04:58:14 PM

Quote from: AmDD on June 12, 2014, 04:50:12 PM

Id guess it has to do with the DPR coins.

But were the DPR coins exchanged for cash or just transferred to the DPR 2 wallet?

There is an auction on the 27th of the Silk Road coins.

So lots of folks are selling now, waiting till the 27th, and then re-buying?

Elwar

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Viva Ut Vivas

Quote from: fryarminer on June 12, 2014, 04:58:14 PM

Quote from: AmDD on June 12, 2014, 04:50:12 PM

Id guess it has to do with the DPR coins.

But were the DPR coins exchanged for cash or just transferred to the DPR 2 wallet?

There is an auction on the 27th of the Silk Road coins.

fryarminer

hero member

Activity: 686

Merit: 500

Quote from: AmDD on June 12, 2014, 04:50:12 PM

Id guess it has to do with the DPR coins.

But were the DPR coins exchanged for cash or just transferred to the DPR 2 wallet?

Pushtheghost

full member

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Grossness

Elwar

legendary

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Viva Ut Vivas

There is an auction of the Silk Road coins on the 27th.

AmDD

legendary

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Merit: 1005

Id guess it has to do with the DPR coins.

fryarminer

hero member

Activity: 686

Merit: 500

With all the good news about BTC lately, the drop in price leaves much to question.

Nobody is going to want to invest in BTC if any pool is this close to 51%. Whether the pool claims to "promise" not to take advantage of the 51% or not, we are going to see BTC drop pretty steep until there is no single pool that close to 51%.

That's fine with me, I'll just buy btc when it's cheap. But the damage that Mt Gox did to bitcoin will be nothing compared to the damage of having a single pool with 51% power.

Topic: Did Ghash cause the price drop? (Read 936 times)