Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Couldn't they artificially pump up the price so all that mining hardware that must have cost fortunes,
can pay for itself as soon as possible?

If they could, why didn't they do it before their hardware became unprofitable, to simply boost their profits?
And why would anyone invest in a virtual asset which could be so easily manipulated?

Because the mining gear that accounts for the 220 mil GH/s network hash rate increase, came online only recently. Probably early
november.That investment needs to brake even fast. There is clearly demand out there, even at these prices but not to sustain it with out China's "help".

So what you're saying is until now, miners could afford to make less money, but now that they're stuck with all the new HW, they have to get serious? Is that the gist of it, or am I missing something?
Chinese exchanges are in business to make money. Miners going broke doesn't add any new tools to the exchanges' manipulation arsenal. If they could manipulate the price, they're already doing it.

You are coming off as a conspiratory-ridden troller, and really not someone who wants to engage in any kind of meaningful way regarding bitcoin.

If you really sold most of your coins at $450, like you said, and you do not believe in bitcoin, then get the fuck out of here and take your profits and invest in something more secure, in your opinion.

What are you talking about? What conspiracy? What $450? What's wrong with you?

Edit: OK, remember you now.

Quote from: fisheater22 on December 14, 2015, 10:54:49 PM

...
[4] Don't argue with JayJuanGee. ~~I think~~ he has Assburgers.

I don't understand the purpose of your lame attempt at an ad hominem attack.

Part of my earlier point was to attempt to get you to respond to your stupid ass internally contradictory position.

On the one hand, you seem to be saying that you wuv u sum bitcoin, and you want bitcoin to succeed. On the other hand you are picking apart and emphasizing conspiracies suggesting that bitcoin is bound for failure due to Chinese manipulation - and at the same time conceding that you sold nearly all your bitcoins at $450 because you be hopen dat bitcoin be goin down a bit so u can pik up a few moar.....

What da fug!!!!!! you need to be a bit more consistent no? you seem to wanna have your cake and eat it to, and you merely coming off as desperate, inconsistent and probably oversold. Roll Eyes