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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18909. (Read 26619954 times)

legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
I'm calling a bottom (famous last words Smiley )
legendary
Activity: 2772
Merit: 2846

this makes you wonder how mistakes like this happen...

what client were they using?

dosnt core warn you if you try and send a fee that is 100,000times higher then the amount you are sending?

you'd think most wallets have implemented some common sense checks before sending.

It usually happens because someone who doesn't understand how change transactions work in bitcoin tries to spend a portion of the funds in a paper or brain wallet.  If you send funds from a paper or brain wallet, you need to make sure to send ALL of it at once to your wallet, then spend a portion from that.

When you spend bitcoins, the amount you spend comes out of chunks you have received (inputs), and usually, there will be at least two outputs - one is the spend, and the other is the change, which is sent back to an address you own.  If you create a transaction that spends from one or more inputs without spending ALL of the funds contained in those inputs, and you don't provide an output to a change address you own, any funds in the inputs that exceeds the spend will become transaction fees paid to the miner that mines the block containing the transaction.

All software and hardware wallets, as far as I know, handle that stuff for you, and yes, Core, at least, will warn you if you try to send with an excessive manual fee.

An article on coindesk says it's suspected the transaction was from a mixing service, so either the service itself might have made the mistake, or one of its users might have made it. Ironically the pool that mined it says it will give the fee back if the transaction sender can identify himself. That's not likely if the transaction was from a mixing service.

If a mixing service lets users make fee size mistakes like that its crap. They should have a check in place to ensure it's not ridiculously big.

http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/
legendary
Activity: 981
Merit: 1005
No maps for these territories
THE DUMPER WHO SOLD AT 435 NOW:

sr. member
Activity: 378
Merit: 250
relax guys  Smiley everything fixing up to its best  Cool asap  Grin
legendary
Activity: 981
Merit: 1005
No maps for these territories
Yeah! My buy limit orders went through , time to wire more fiat for another round of buys. These shakeouts don't scare veterans who have been riding the rollercoaster for some time, just another buying opportunity.
My guess is we'll see a second round of dumping, and since I am not going to act on this suspicion, it is bound to become reality.

Good call Spaceman. Im dare to say that we are going to recover 450-460 in no time

I NAILED IT!! (on the wrong side  Grin)
legendary
Activity: 2758
Merit: 1075
newbie
Activity: 42
Merit: 0
I'm not worried. The poll conclusively shows we're gonna be over $480 in a few days, and it hasn't been wrong yet.
I can afford to wait Smiley
full member
Activity: 180
Merit: 100
Not volatile anymore.  Stable. Yea right.
This is starting to become farcical. Let me guess, back to 420, then up to 460, back to 380. Then the halving. Then crash?
ImI
legendary
Activity: 1946
Merit: 1019
legendary
Activity: 2758
Merit: 1075
lol saw this coming...
legendary
Activity: 2982
Merit: 1485
I think speculators use Steam news to hype and pump the price, now they are giving back to newbies who bought over 460$. After newbies sucked and dried the price will go up as usual before halving. Don't feed from cheese in the trap. Wink
newbie
Activity: 42
Merit: 0
Ma send me money now I gotta make it somehow I need another chance Cry
legendary
Activity: 1218
Merit: 1007
let me guess...

"Bitcoin illegal in China!"

 Cheesy Cheesy
Isn't Bitcoin always illegal in China, or did they release a new law mandating that people declare that Bitcoin is banned every day or two?

Ups and Downs are probably from panic headlines, and thus there isn't really all that much to actually analyse.
ImI
legendary
Activity: 1946
Merit: 1019

bitcoin can be really bitchy sometimes...
ImI
legendary
Activity: 1946
Merit: 1019
ImI
legendary
Activity: 1946
Merit: 1019
great buying opportunity imo (w/ stop lose of course), nothing changes that 6-month consolidating triangle  Cool

true, nevertheless i am really looking forward to july when miners wont be having so much coins to sell each day
legendary
Activity: 1168
Merit: 1000
Remember that really good movie Titanic and how that nice cellist didn't let go of his cello even though he knew that he was going to die like Leonardo Dicaprio, who also died?
That was really sad, but really moving and beautiful too.
It's OK to cry.

we hit $0 i'll cry.  we hit $200, i'll be mehhhhh so so  Cheesy
newbie
Activity: 42
Merit: 0
Remember that really good movie Titanic and how that nice cellist didn't let go of his cello even though he knew that he was going to die like Leonardo Dicaprio, who also died?
That was really sad, but really moving and beautiful too.
It's OK to cry.
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