Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18274.

Torque

legendary

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Quote from: kobilica on August 16, 2016, 11:07:54 AM

How can 1.6 millions $ or 2700 BTC affect the market? This ammount of volume is traded in one minute on big exchanges Huh

Because the pumpers are all about screwing over every single auction winner, by pushing the market price as high as possible to the day of the auction. Go back and look at all the other prior auction days, there's been a pre-auction pump like clockwork.

DeathAngel

legendary

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#1 VIP Crypto Casino

Slight relief in the ridiculous drop in price we've been experiencing since Bitfinex fucked everything up for us.
According to Stamp we're actually up nearly $10 in the daily change.

Onwards & upwards.

kobilica

sr. member

Activity: 280

Merit: 300

Only connection it has is that people working in NSA are cryptography experts.. but so are lots of academics working in FinTech, Database programming, IT Security experts.. Mathematicians ...

LFC_Bitcoin

legendary

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Quote from: kobilica on August 16, 2016, 11:24:35 AM

Before you claim such things, you need proof. NSA did a lot of things but I strongly doubt Bitcoin was one of their inventions.

Obviously, why the hell would the NSA actively try to help people avoid government taxes & make anonymous money transfers.

I highly doubt that the NSA had anything to do with the invention & continued development of bitcoin.

kobilica

sr. member

Activity: 280

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Before you claim such things, you need proof. NSA did a lot of things but I strongly doubt Bitcoin was one of their inventions.

gentlemand

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Welt Am Draht

Quote from: kobilica on August 16, 2016, 11:21:43 AM

NSA didn't create Bitcoin.

That's what They WANT you to think. In fact how much were you just paid to write that? I would've demanded block number 9 for it.

kobilica

sr. member

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NSA didn't create Bitcoin.

gentlemand

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Welt Am Draht

Quote from: kobilica on August 16, 2016, 10:56:36 AM

NSA won't buy coins, this is pure non sense. 1 million bitcoins? Are you for real.

What we are experiencing, just maybe is return of optimism and effect of halving. Mining difficulty has reached all times high, remember?

Don't forget they already have 1 million coins because they created Bitcoin. I think they'd probably want a better reason to part with them, though. Like a really enormous pile of weed.

kobilica

sr. member

Activity: 280

Merit: 300

How can 1.6 millions $ or 2700 BTC affect the market? This ammount of volume is traded in one minute on big exchanges Huh

Torque

legendary

Activity: 3780

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Welp, you guys are essentially guaranteed a pump for the next 6 days.

Buy now and enjoy the ride.

http://bitcoin-news.online/us-authorities-sell-1-6-million-bitcoin/#.V7IKaa3TQJY.reddit

LFC_Bitcoin

legendary

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Quote from: kobilica on August 16, 2016, 10:56:36 AM

NSA won't buy coins, this is pure non sense. 1 million bitcoins? Are you for real.

What we are experiencing, just maybe is return of optimism and effect of halving. Mining difficulty has reached all times high, remember?

Return of optimism I think, we won't experience the true effects of the halving for a little while yet.

kobilica

sr. member

Activity: 280

Merit: 300

NSA won't buy coins, this is pure non sense. 1 million bitcoins? Are you for real.

What we are experiencing, just maybe is return of optimism and effect of halving. Mining difficulty has reached all times high, remember?

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: JimboToronto on August 16, 2016, 10:38:20 AM

Good morning Bitcoinland.

$580 on BitcoinAverage. That pretty much corrects the small dip of the last 2 days.

Back to sideways?

nonsense... teh NSA will buy alot of coin soon... 1000 usd soon Wink

JimboToronto

legendary

Activity: 4200

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You're never too old to think young.

Good morning Bitcoinland.

$580 on BitcoinAverage. That pretty much corrects the small dip of the last 2 days.

Back to sideways?

savetherainforest

hero member

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Plant 1xTree for each Satoshi earned!

Quote from: kobilica on August 16, 2016, 09:43:19 AM

Panic buy has begun? Grin

Yep.

Like I always predicted ... Up! Up! Up! ...

kobilica

sr. member

Activity: 280

Merit: 300

People are tired of trading on BitFinex it seems.
Also BitStamp just started doing more for security (trezor wallet) Cool

XCASH

legendary

Activity: 929

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Quote from: kobilica on August 16, 2016, 10:02:28 AM

Though selling pressure still higher on buying on most exchanges, something has triggered this.

15 minute candle chart shows mean reversal, possibly bots started to buy again.

Bitstamp just took over from Bitfinex as the highest volume exchange for USD/BTC. It's strange how Bitstamp took the lead at the same time a reversal started up. Maybe it's just coincidence, or maybe not.

kobilica

sr. member

Activity: 280

Merit: 300

Though selling pressure still higher on buying on most exchanges, something has triggered this.

15 minute candle chart shows mean reversal, possibly bots started to buy again.

kobilica

sr. member

Activity: 280

Merit: 300

Panic buy has begun? Grin

XCASH

legendary

Activity: 929

Merit: 1000

Quote from: gentlemand on August 16, 2016, 07:22:33 AM

Quote from: Elwar on August 16, 2016, 07:09:13 AM

This is not a faulting of Bitcoin itself, but people might not feel very confident putting any money on any exchange if Bitfinex could be hacked.

Bitfinex proved nothing. Bitfinex guaranteed nothing. Their ownership is murky. They answer to no regulator. It's rather hard to figure out what country they're in. There is no insurance. One of their main men stated that he traded on his own exchange.

I can't see any fundamental difference between Bitfinex and Gox apart from them making more of the right noises and putting up a more 'professional' facade. They did not deserve or justify anyone's money or trust.

It's code was based in Bitcoinica's code, and Bitcoinica was hacked. Bitfinex's code was so bad it had well known serious bugs, like hitting buttons multiple times led to unexpected behaviour. I never traded on Gox but I read its code also had serious bugs. Moreover, Gox froze trading a number of times like Bitfinex. There were warning signs both exchanges had serious problems for years before they said they'd had massive hacks.

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