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Observation is that pretty much nothing crashes the price of Bitcoin. * During the transaction spam DDOS attacks, the price went up even though it was literall
by davidgerard 11y ago
Observation is that pretty much nothing crashes the price of Bitcoin.
* During the transaction spam DDOS attacks, the price went up even though it was literally unusable.
* The present price seems sustained by something that looks very Willybotish running between OKCoin and Huobi. https://www.reddit.com/r/Buttcoin/comments/3vnjgk/what_drives_the_price_of_bitcoin/cxppd46?context=2 https://www.reddit.com/r/Buttcoin/comments/3vnjgk/what_drive...
The remaining American Bitcoin traders are certainly gullible enough to keep buying and trading a 51%-compromised coin. (I mean, there are people who still think Paycoin could make a comeback.) But American traders are a sideshow - all the action is in China (miners, actual traders). So the question would be: will Chinese speculators keep gambling on a 51%-compromised coin?
(And of course the MMM ponzi buyers, whose judgement is sufficiently bad that they wouldn't even understand the problem.)