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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33963. (Read 26500631 times)

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hero member
Activity: 756
Merit: 500
Slush pool was under DDOS attack last 2 days and almost unable to mine. I wonder how likely it is for attackers to DDOS some major pools and meanwhile take over 50% of the bitcoin network computing power. Will be interesting to watch how bitcoin infrastructure will handle this. Bitcoin's popularity is getting some criminal minds to be very interested  Smiley

How do they profit?

Following the money, isn't the only logical party to profit from a mining pool being DDOSed a rival mining pool?

I could believe that, but a mining pool wouldn't want to do a 50% attack.

Anyone who goes for a >%50 attack to profit is either very stupid (if they do it for more Bitcoins) or they are interested in destroying confidence and value in Bitcoin and thus profiting from driving interest into some other asset.

this

EDIT:

for a meaningful post; i believe bitcoin price is consolidating here around $100 and we may see stagnation or a small rise but no more falling. We'd see a higher rise if a more stable exchange/news/expectation of how/where people will buy bitcoins was established
full member
Activity: 238
Merit: 100
In Gord We Trust
Slush pool was under DDOS attack last 2 days and almost unable to mine. I wonder how likely it is for attackers to DDOS some major pools and meanwhile take over 50% of the bitcoin network computing power. Will be interesting to watch how bitcoin infrastructure will handle this. Bitcoin's popularity is getting some criminal minds to be very interested  Smiley

How do they profit?

Following the money, isn't the only logical party to profit from a mining pool being DDOSed a rival mining pool?

I could believe that, but a mining pool wouldn't want to do a 50% attack.

Anyone who goes for a >%50 attack to profit is either very stupid (if they do it for more Bitcoins) or they are interested in destroying confidence and value in Bitcoin and thus profiting from driving interest into some other asset.
legendary
Activity: 1904
Merit: 1002
Slush pool was under DDOS attack last 2 days and almost unable to mine. I wonder how likely it is for attackers to DDOS some major pools and meanwhile take over 50% of the bitcoin network computing power. Will be interesting to watch how bitcoin infrastructure will handle this. Bitcoin's popularity is getting some criminal minds to be very interested  Smiley

How do they profit?

Following the money, isn't the only logical party to profit from a mining pool being DDOSed a rival mining pool?

I could believe that, but a mining pool wouldn't want to do a 50% attack.
newbie
Activity: 56
Merit: 0
Slush pool was under DDOS attack last 2 days and almost unable to mine. I wonder how likely it is for attackers to DDOS some major pools and meanwhile take over 50% of the bitcoin network computing power. Will be interesting to watch how bitcoin infrastructure will handle this. Bitcoin's popularity is getting some criminal minds to be very interested  Smiley

How do they profit?

Following the money, isn't the only logical party to profit from a mining pool being DDOSed a rival mining pool?
legendary
Activity: 1904
Merit: 1002
Slush pool was under DDOS attack last 2 days and almost unable to mine. I wonder how likely it is for attackers to DDOS some major pools and meanwhile take over 50% of the bitcoin network computing power. Will be interesting to watch how bitcoin infrastructure will handle this. Bitcoin's popularity is getting some criminal minds to be very interested  Smiley

How do they profit?
sr. member
Activity: 350
Merit: 257
Trust No One
Slush pool was under DDOS attack last 2 days and almost unable to mine. I wonder how likely it is for attackers to DDOS some major pools and meanwhile take over 50% of the bitcoin network computing power. Will be interesting to watch how bitcoin infrastructure will handle this. Bitcoin's popularity is getting some criminal minds to be very interested  Smiley
full member
Activity: 239
Merit: 250
hero member
Activity: 533
Merit: 500
Colbert report is out.  Overall, interesting if mockingly funny presentation.  Could've been worse.  But hey, it's a comedy show and seen by millions so there may be some more transactions or interest in the coming days.
sr. member
Activity: 434
Merit: 250
The current 100 wall is not even looking that impressive compared to the 80 wall.

A $100 wall? Where?
newbie
Activity: 56
Merit: 0
The current 100 wall is not even looking that impressive compared to the 80 wall.
sr. member
Activity: 448
Merit: 250
2011 post bubble was one disaster after the next, everyone had to keep reminding themselves what counts is the protocol wasnt hacked, and their was a gr8 deal FUD that bitcoin was only useful for dealing drugs, and it really was just a fad... This scared off a lot of people when bitcoin was still trying to get some reasonable critical mass going (needless to say it really HURT bitcoin)... This time everything is just F'in dandy, so we'll have a U shaped recovery and then continue making new highs, it will pop AGAIN ( at 500? ) and then another U shaped recovery and continue making new highs! thats right people the dash for digital cash get ready... set... GO!  Cool


Supreme bullish sentiment. Eh, there are still some people trying to say that the only thing you can use bitcoin now is for silk road and speculating, but they are mostly laughed at.

I love the market action, high volumes right after a huge crash, very exciting. Let's see how long the "lolstability" lasts...
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
Bid walls:
23k @ $70
18k @ $80

This is getting ridiculous.

Lots of people with a lot of money wanting to buy in. Looking at the last week, the buying pressure today, they're reasonable entry points.
sr. member
Activity: 434
Merit: 250
Bid walls:
23k @ $70
18k @ $80

This is getting ridiculous.
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
That was very satisfying to watch  Smiley  The BTC2k wall at $91 was put up and pulled at least 5 times. Obviously fake. And it was eaten before it could be pulled



Yup. Of the wall from 91-94, half got eaten, half got pulled.
hero member
Activity: 533
Merit: 500
Well that was sweet, 2,500 coins bought up nearly instantly.  What little wall remained at $90 is now gone.

There was a 500+ buy right above my screenshot too.  So maybe that 2K buy a couple posts above me was someone else?

newbie
Activity: 56
Merit: 0
New 14k bid wall at 80!

Awesome wall that!
legendary
Activity: 840
Merit: 1000
New 14k bid wall at 80!
Most excellent, someone is having fun, haha  Grin
sr. member
Activity: 280
Merit: 250
That was very satisfying to watch  Smiley  The BTC2k wall at $91 was put up and pulled at least 5 times. Obviously fake. And it was eaten before it could be pulled

hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
2011 post bubble was one disaster after the next, everyone had to keep reminding themselves what counts is the protocol wasnt hacked, and their was a gr8 deal FUD that bitcoin was only useful for dealing drugs, and it really was just a fad... This scared off a lot of people when bitcoin was still trying to get some reasonable critical mass going (unless to say it really HURT bitcoin)... This time everything is just F'in dandy, so we'll have a U shaped recovery and then continue making new highs, it will pop AGAIN ( at 500? ) and then another U shaped recovery and continue making new highs! thats right people the dash for digital cash get ready... set... GO!  Cool



That was just so obvious. You slam 11k coins, getting 1M in 15 seconds, ask walls go up, you're trying to drive the price down. You're trying to keep it down. You're trying to get panic sellers. There's no other reason on earth you'd coin dump like that and try to hold the drop. People realize that, use it as a chance to buy back in, and it's slowly heading back up. They haven't been watching the buying today, that was a poorly planned attack. Way too much money added to MtGox, itching to get in. Should have let the rally keep going up and just slammed into it when it slowed down.
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