Bitcoin Forum

is it possible everybody is cashing in btc to buy into the IPO?  which would dictate that after the IPO, MOON?

http://www.cryptocoinsnews.com/alibabas-us-ipo-may-have-crashed-the-bitcoin-price/

thanks Twitter...

Alibaba is a real company. This is just a joke.

Yeah , if the cash out and the cash in to another place takes only a half day it is possible  ;)

if most of the trading volume is in china, and Alibaba is a massive f@ck off Chinese company going public...... then makes sense that it has a bit to do with the freefall happening. Add to that some aggressive shorting, reg uncertainty and bearish sentiment and you have what we have.

If u r a confident trader, ur probably up to ur neck in this action.

If u r a Nuclear Winterite (nov-dec buyer) u may have sold or are sorry.

If u bought under the 200's u r either anxious or waiting to buy the bottom.

If u have faith in the protocol and the future, ur holding.

I believe stock market IPO and bitcoin operate in different markets. Bitcoin prices and this IPO are separate events. The argument of their co-relation in the article is extremely weak.

NONSENSE.

If money is rotating into Alibaba today from other places its probably going to come from the likes of amazon and other similar online retail tech company shares first. Watch their prices today to get an indication if people are selling other investments to buy Ali (Yahoo shares are an exception to this rule as they have a large stake in Alibaba).

IMHO there are inevitably some BTC investors selling to free up cash for Alibaba, but I think the amount is tiny and hardly reflected in the price tbh. The number of Alibaba buyers today will be HUGE and hardly anyone will get what they wanted. So if anyone sold BTC to buy ali, they will prob buy back BTC in the next days (I guess) because they def wont get as much Ali as they want today.

No, OP. What you say make little sense. You should analyze what you read over the internet more thoughtfully.

very unlikely

I heard it often takes some time to "cash in btc" from an exchange, so I doubt it. I read somewhere that wire transfers from an exchange can take a long time.

It's interesting to see that taobao (Chinese eBay, an Alibaba comany) has so many counterfeit products. Since now its parent company Alibaba went public. Pending lawsuits are piling up?

Maybe

I wonder if people understand what they are really buying, because nobody is buying Alibaba itself but a sort of contract, and to add injury to sorrow, a contract with someone known to default contracts in the past.
For the owner was a great scam, pump it up for a couple of days then drop >50% in the next week and eventually will buy the stock back for 10 cents a piece.

Well... the name of the site goes after Ali Baba and the 40 thieves... you can't say they lied.

Which contracts did they default in the past?

We have been in a downtrend for quite a while you know...


BTC constant drops have nothing to do with Alibaba IPO.

I don't think so, Bitcoin prices because someone do deliberately short

Currently sitting at 400 . buy or not buy now?