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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28353. (Read 26609666 times)

sr. member
Activity: 256
Merit: 250
fonzie FUD... It's all over?
hero member
Activity: 504
Merit: 500
Moderator
In a few months we will have some kinda pawlov´s dog effect.
As soon as chinese symbols appear anywhere everyone panic sells immediately.
hero member
Activity: 504
Merit: 500
Moderator
http://imgur.com/a/MR5Mf

Game over?



btw: i don´t speak chinese  Cheesy Cheesy Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
Only until he brings it up again in a few weeks. Wink
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
well that settles that
hero member
Activity: 616
Merit: 500
I got Satoshi's avatar!
Is the 21 million BTC cap good for them?
Any miners that don't like it can mine blocks for a different chain.  Nobody will follow them - I thought we covered this yesterday.
No, you assumed that some "bad" miners would try do that in order to destroy bitcoin or whatever, and claimed that the "good" miners would not let them do that.  I am asking about your "good" miners.  is the 21 M BTC limit good for them?
Isn't that exactly what makes the currency deflationary?
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
Is the 21 million BTC cap good for them?
Any miners that don't like it can mine blocks for a different chain.  Nobody will follow them - I thought we covered this yesterday.
No, you assumed that some "bad" miners would try do that in order to destroy bitcoin or whatever, and claimed that the "good" miners would not let them do that.  I am asking about your "good" miners.  is the 21 M BTC limit good for them?


Yes.  Yes it is. 
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Is the 21 million BTC cap good for them?
Any miners that don't like it can mine blocks for a different chain.  Nobody will follow them - I thought we covered this yesterday.
No, you assumed that some "bad" miners would try do that in order to destroy bitcoin or whatever, and claimed that the "good" miners would not let them do that.  I am asking about your "good" miners.  is the 21 M BTC limit good for them?


My guess is they want to mine something with value ...
legendary
Activity: 1372
Merit: 1000
[fud]
So, what will Greed whisper to the miners' ears?
[/fud]

The users play a bigger role than you give credit, miner's will mine the coin with the most value and the value comes from liquidity and market depth created by the users. If miners who hold little influence on developers hijack Bitcoin it will fork for the greater benifit of it's users.
Not quite. Miners will do whatever gives more benefit to themselves.  Is the 21 million BTC cap good for them?

I'm betting they will do what is best for themselves I'm depending on it, there are a lot of sheep miners. I'm one, I support one of the biggest pools but I'll drop them in a second if it threatened my savings.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Is the 21 million BTC cap good for them?
Any miners that don't like it can mine blocks for a different chain.  Nobody will follow them - I thought we covered this yesterday.
No, you assumed that some "bad" miners would try do that in order to destroy bitcoin or whatever, and claimed that the "good" miners would not let them do that.  I am asking about your "good" miners.  is the 21 M BTC limit good for them?

keeping the core rules intact is good for them.
hero member
Activity: 910
Merit: 1003
Is the 21 million BTC cap good for them?
Any miners that don't like it can mine blocks for a different chain.  Nobody will follow them - I thought we covered this yesterday.
No, you assumed that some "bad" miners would try do that in order to destroy bitcoin or whatever, and claimed that the "good" miners would not let them do that.  I am asking about your "good" miners.  is the 21 M BTC limit good for them?
sr. member
Activity: 406
Merit: 250
Bitcoin can not jump without MtGox.
newbie
Activity: 56
Merit: 0
If someone ever wondered why that volume on Huobi is that high, just watch BTC-E.  1m chart
I suspect that ~ 70-80% of that volume is from that one bot buyin and sellin to himself.


Well I did wonder how bitstamp managed to return 6000 btc volume when the exchange was shut for most of yesterday. Bots and a few traders already logged in. Your suspicion is probably right.
legendary
Activity: 1372
Merit: 1000

i told my landlord about bitcoin as an investment because i believed it was a good investment. she invested 12.5 k € in may 2013 and sold above 1000 beginning of december, profiting € 100 k .  boy, i feel so guilty.

Good for her... but what about the guy who bought from her at above 1000 in December?  He too was told it was a good investment, but lost more than 55,000 € at this point...

Jorge a good example of greed being consumed. If the guy bought Bitcoin because he believed it has value why would he sell at a loss. If he himself was fearful and greed motivated him to buy with little understand of Bitcoin, he is a not functioning effectively (part of the problem we have in society today) in effect Bitcoin took greed and created more abundance. i.e. his greed was destroyed and he made more Bitcoin available at his expense, but if he was able to control his greed and save an understanding in why Bitcoin has value helps, he will convert his greed into scarcely - delayed gratification, a discipline lacking today.

Of those who thought 1000 Bitcoin for $5 in 2010 had value, I see parallels like 600whatt's landlord and I'm satisfied 97.3% have sold almost all realizing under 900% profit on capital risked.
legendary
Activity: 1106
Merit: 1007
Hide your women
Looking at the volume, it appears to be one of the tremors before the big quake. The recovery to $445 is on no volume at all. I pulled one of my re-buy orders until I find out what the hell is going on. How can there be that many limit buy orders with no market-order buying?

There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Not quite. Miners will do whatever gives more benefit to themselves.  Is the 21 million BTC cap good for them?

Yes, it is.  Without it, their BTC would become worthless.

I'm quite sure that BTC will be destroyed by miners one day, not because it is in their interest, but because people do things which are against their own interests.  But that will not happen before we can switch to a more distributed protocol with higher immunity.
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
[fud]
So, what will Greed whisper to the miners' ears?
[/fud]

The users play a bigger role than you give credit, miner's will mine the coin with the most value and the value comes from liquidity and market depth created by the users. If miners who hold little influence on developers hijack Bitcoin it will fork for the greater benifit of it's users.
Not quite. Miners will do whatever gives more benefit to themselves.  Is the 21 million BTC cap good for them?

Any miners that don't like it can mine blocks for a different chain.  Nobody will follow them - I thought we covered this yesterday.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 910
Merit: 1003
[fud]
So, what will Greed whisper to the miners' ears?
[/fud]

The users play a bigger role than you give credit, miner's will mine the coin with the most value and the value comes from liquidity and market depth created by the users. If miners who hold little influence on developers hijack Bitcoin it will fork for the greater benifit of it's users.
Not quite. Miners will do whatever gives more benefit to themselves.  Is the 21 million BTC cap good for them?
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