I also saw a thread here on btt where bitmain was selling his 12k coins earned from s1.
Bitmain looking to unload over 17K BTC now -
https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ
At one point this thread had 5689 pages...
Yeah I noticed the shrinking too.
Same thing has been happening to the volume of BTC in circulation, it has been shrinking recently as well.... . What gives? It dropped from 12.4M to 12.1M
It really doesn't matter if the price goes down to 3$ or 0,3$, what matters is the general utility of bitcoin. The price matters to those who want to get rich with speculation.
...and, Yes yes, I know this is the price movement and tracking discussion, but to quote Antonopoulos,
The price really is the
least interesting thing about bitcoin
255 day cycle?
*snip*
edit: it take about 6 months to deflate from last bubble then 2 months for stabilisation and 1 month to initiate bullrun = about 9months cycles. the key is being patient. yeayyy


Discussion here
http://www.reddit.com/r/BitcoinMarkets/comments/1z3m1z/a_look_at_four_bubbles_pricelog_linear_fit/
Elliot is waving from a train, yelling CCMF
'pologies for the newb question. But what does CCMF stand for?
I'm sorry to have to explain this to you but drawling lines on charts doesn't work.
No apology required Shroomy

- but thanks - not my lines btw - just thought it sufficiently interesting to share it here...