Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30427.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

everybody stay calm, we're right on track

Quote from: arepo on January 09, 2014, 12:43:38 AM

lawl @ triangle trying to break out on nighttime volume Cheesy

be patient guys, one more tiny swing down then breakout in the morning Wink

https://i.imgur.com/9lQPqF6.png

just tracing out a nice bullish consolidation... see you at the top of the wedge!

--arepo

Chancellor

full member

Activity: 154

Merit: 100

Quote from: Ashitank on January 09, 2014, 06:26:53 AM

I saw those post but come on we all know some thing else caused the drop , Huobi didn't even budge.

Just someone decided to sell those BTC1200?

Ashitank

hero member

Activity: 560

Merit: 500

Quote from: Davyd05 on January 09, 2014, 06:25:34 AM

Quote from: Ashitank on January 09, 2014, 06:25:09 AM

Any one news that caused the drop or it just that time of the day or week to Panic sell.

you really didn't see all the 51% posts? lol

I saw those post but come on we all know some thing else caused the drop , Huobi didn't even budge.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: Ashitank on January 09, 2014, 06:25:09 AM

Any one news that caused the drop or it just that time of the day or week to Panic sell.

you really didn't see all the 51% posts? lol

Ashitank

hero member

Activity: 560

Merit: 500

Any one news that caused the drop or it just that time of the day or week to Panic sell.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: magicmexican on January 09, 2014, 06:18:00 AM

Massive drop

massive?

micalith

hero member

Activity: 894

Merit: 501

Quote from: magicmexican on January 09, 2014, 06:18:00 AM

Massive drop

panicking from the 51% attack FUD . . ?

magicmexican

hero member

Activity: 812

Merit: 1000

Massive drop

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

DaSheep

member

Activity: 112

Merit: 10

lol

spooderman

legendary

Activity: 1680

Merit: 1045

I'm very glad to see us talking about this. Network health is dreadful. Wake up people, stop using that shitty pool.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: gizmoh on January 09, 2014, 05:15:08 AM

Quote from: macsga on January 09, 2014, 04:01:42 AM

I have explained earlier that it's an overrated claim that a big (or better, HUGE) pool has anything to win out of double spending. Chances are due to FUD spreading they will be forced to do the same somebody else did a while ago when they reached at the same point...

Relax and don't forget to...

HODL!!!!!!!!1

*Edit:
It's explained here too: http://organofcorti.blogspot.com.au/2013/12/december-8th-2013-weekly-pool-and.html

From gmaxwell, bitcoin developer:
"The excuse giving for years of why consolidations of ten percent, twenty percent, or even more, in the hands of pool operators didn't effectively disprove the Bitcoin security model was that pool operators were more obligated than a typical miner to behave with the public interest at heart because the hashrate controlling miners could vote with their feet.

I've never been too fond of the argument: evidence (e.g. miners voting with their feet very slowly even when a pool is clearly robbing them) suggests otherwise... But that argument doesn't even exist for GHash.io/CEX.io: the miners are captive and cannot leave. Worse, there is a moral hazard because an unknown portion of the hardware is paid for by other people (at top dollar rates too) and so if some stunt they perform debases its value... so what? Heck, perhaps it drops the market value down to nothing an cex can buy their obligations back for a song. This means that CEX.io can probably profit from an attack even if that attack ultimately fails."

I will stick with the 1st part of gmaxwell's explanation. I find the second part a bit 'non-objective'. I guess I'm too naive - or too orthologic to believe that they cannot/won't do anything "funny". Time will tell.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

this is how it looks now, the community have to do something about it

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: macsga on January 09, 2014, 04:01:42 AM

I have explained earlier that it's an overrated claim that a big (or better, HUGE) pool has anything to win out of double spending. Chances are due to FUD spreading they will be forced to do the same somebody else did a while ago when they reached at the same point...

Relax and don't forget to...

HODL!!!!!!!!1

*Edit:
It's explained here too: http://organofcorti.blogspot.com.au/2013/12/december-8th-2013-weekly-pool-and.html

From gmaxwell, bitcoin developer:
"The excuse giving for years of why consolidations of ten percent, twenty percent, or even more, in the hands of pool operators didn't effectively disprove the Bitcoin security model was that pool operators were more obligated than a typical miner to behave with the public interest at heart because the hashrate controlling miners could vote with their feet.

I've never been too fond of the argument: evidence (e.g. miners voting with their feet very slowly even when a pool is clearly robbing them) suggests otherwise... But that argument doesn't even exist for GHash.io/CEX.io: the miners are captive and cannot leave. Worse, there is a moral hazard because an unknown portion of the hardware is paid for by other people (at top dollar rates too) and so if some stunt they perform debases its value... so what? Heck, perhaps it drops the market value down to nothing an cex can buy their obligations back for a song. This means that CEX.io can probably profit from an attack even if that attack ultimately fails."

lemonte

hero member

Activity: 624

Merit: 502

Quote from: F-bernanke on January 09, 2014, 05:10:02 AM

What if BTC Guild goes down with a soft/hardware glitch for a day? Where will those miners aim there mining power?

Back up pools. It happened over Christmas actually, their site went down for a few hours so i just switched to Slush until it was back up.

F-bernanke

sr. member

Activity: 308

Merit: 250

What if BTC Guild goes down with a soft/hardware glitch for a day? Where will those miners aim there mining power?

Richard Branson

hero member

Activity: 515

Merit: 506

Screw It, Let's Do It

Quote from: tutkarz on January 09, 2014, 05:06:32 AM

Not only this, everyone could buy one simple usb miner and join for example p2p network. That would work too.

USB Miner without a ROI?
Only the seller profits Wink

tutkarz

hero member

Activity: 546

Merit: 501

Quote from: F-bernanke on January 09, 2014, 03:14:43 AM

If I were a big BTC holder (like the winklevoss), I would set up a miningfarm just to balance this shit out a bit, It might even turn a profit, if not, it least it protects the network.

Not only this, everyone could buy one simple usb miner and join for example p2p network. That would work too.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

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