Bitcoin Forum

Economy => Speculation => Topic started by: michaelzhang on March 19, 2014, 01:14:32 PM



Title: Bitcoin is bound to rise if another 5 billon RMB comes in
Post by: michaelzhang on March 19, 2014, 01:14:32 PM
See the article here:
http://www.bit-sky.com/index.php/english/568-bitcoin-is-bound-to-rise-if-another-5-billon-rmb-comes-in


Title: Re: Bitcoin is bound to rise if another 5 billon RMB comes in
Post by: jonald_fyookball on March 20, 2014, 03:12:56 AM
i think a lot of the stolen gox coins are being slowly dumped on the market in the last 2 weeks which is
the reason for the steady decline from $640 to $600.


Title: Re: Bitcoin is bound to rise if another 5 billon RMB comes in
Post by: Beliathon on March 20, 2014, 03:53:55 AM
i think a lot of the stolen gox coins are being slowly dumped on the market in the last 2 weeks which is
the reason for the steady decline from $640 to $600.
Smart monkey (http://www.youtube.com/watch?v=b3_lVSrPB6w).


Title: Re: Bitcoin is bound to rise if another 5 billon RMB comes in
Post by: wickedgoodtrader on March 20, 2014, 05:26:56 AM
There are multiple huge wallets 100k coins+ that were actively dividing up into smaller wallets just a week or so ago. If any of these guys start unloading at a steady pace, BTC is going nowhere but down. Also, then throw on top the gov will most likely be allowed to liquidate the 180k coins from silk road, and your setting BTC up for a definite crash at some point. Too many huge wallets left.


Title: Re: Bitcoin is bound to rise if another 5 billon RMB comes in
Post by: jonald_fyookball on March 20, 2014, 05:45:25 AM
There are multiple huge wallets 100k coins+ that were actively dividing up into smaller wallets just a week or so ago. If any of these guys start unloading at a steady pace, BTC is going nowhere but down. Also, then throw on top the gov will most likely be allowed to liquidate the 180k coins from silk road, and your setting BTC up for a definite crash at some point. Too many huge wallets left.

i think that's already started


Title: Re: Bitcoin is bound to rise if another 5 billon RMB comes in
Post by: Lauda on March 20, 2014, 06:05:17 AM
i think a lot of the stolen gox coins are being slowly dumped on the market in the last 2 weeks which is
the reason for the steady decline from $640 to $600.
Mark is selling, yes.