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A) Who cares?
B) Why not just make a thread that spotlights and praises people with a proven track record of making GOOD calls, instead of knocking down the ones who made bad guesses. I mean everyone here is just guessing when it comes to bitcoin anyway. You never know who is going to buy or sell, when, or how much.
EDIT: You shouldn't make your financial decision based on posts in this forum
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Knocking on $114. Shit just got real.
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Threw up a nice 1300btc wall @110 when they passed.
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A friend of mine was waiting about a month for a <20K USD withdrawal from Gox. They finally just cancelled the withdrawal upon request and he bought back his BTC (at a slight loss) and I clued him in on another "instant" way to cash out. I suspect this has happened to others recently, given the price rise. Plus, some people are still holding bitcoin until withdrawals are caught up. I think they would rather have BTC in their wallet than MtGox USD at the moment, given their problems. So when MtGox USD is easily turned into fiat again, then the price will drop, to at least the 70-80 dollar range.
I mean why would it go UP? The price is currently high because there is no reason to sell, its not like you actually get fiat when you sell.
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Hopefully its an Avalanche Effect, completely burying anything its path.
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You want to try to kill bitcoin. Kill the cash flow.
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Building a launchpad diving board at $77. Next stop $90 $50  FTFY |
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For me, trollish behavior is a variable in my market sentiment equation. It shows desparation or want of particular reaction. I haven't ignored a member yet, I mean why would I?
On another note. COME ON 50!
I would exchange some fiat for ~ $50 coins.
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Somebody blowing through some fiat!! Or just buying back in  |
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Ever since mid May we have been seeing the huge weekly dumps ~> then Mt.Gox stops outgoing wires ~> then the huge dumps stop ~> Those coins move to other exchanges bringing the price down below Mt.Gox....
Which is where we are now.
This makes me a bit scared for when Mt.Gox starts transfers again. I wonder how many coins are waiting to be dumped once the wires come back. If I had a huge stash, and was dumping weekly, and Gox all of a sudden halted wires, I would move all my coins out of Gox, and into my wallet. If I needed some cash, or was trying to stick to a cash out plan, I would sell what I could on other exchanges without causing too much slippage. Any of those May/June size dumps on the other exchanges would just be stupid. So when Gox starts wires back up, who knows how much catching up we have to do after stalling all these dumps!
For this reason, I sold all but about 10% of my stash. Two months ago I bought a new Caddy, in full, and put a large down payment on a home, all with bitcoin speculative/minning money, so I'm not complaining much. I will definitely be sticking around for when we get a new reason for panic buying, which I don't see happening anytime soon. Yes, I know, with something as "new" as bitcoin, that new reason could happen tomorrow!
TLDR; Sold most of my coins, now waiting patiently on the sidelines. & MtGox opening wires back up should be a good show!
Congratulations! It's good to hear about someone buying something fun with their btc. Bitcoin Charts price data going back a year will tell you that their has almost always been a disparity between the price at other exchanges and Gox with Gox always being higher. There was even a couple of people assisting with arbitrage using OKPay a while back but the transfer fees eat up a lot of the benefit. I can't remember the exact number but you need at least a 7% OR 9% difference in price for arbitrage to make sense. Gox only stopped cash withdrawals of USD. USD deposits and transfers to Mt. Gox continue so do deposits and withdrawals in other currencies. I don't think coins moving to other exchanges is causing the disparity in price unless that's been happening for more than a year. Your right, when Gox opens up USD withdrawals again its going to get interesting. Yes there has always been a disparity, but < 2% is the norm. This is currently 7% with a high of nearly 20% in the last couple of days. If coins arent moving to the other exchanges, then why did the gox price rise & stagnate (before falling) while the others fell? To clarify your point: The price rose because some people had fiat waiting to be wired out, so they had to rebuy coins to move to other exchanges and sell there, right? |
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Ever since mid May we have been seeing the huge weekly dumps ~> then Mt.Gox stops outgoing wires ~> then the huge dumps stop ~> Those coins move to other exchanges bringing the price down below Mt.Gox....
Which is where we are now.
This makes me a bit scared for when Mt.Gox starts transfers again. I wonder how many coins are waiting to be dumped once the wires come back. If I had a huge stash, and was dumping weekly, and Gox all of a sudden halted wires, I would move all my coins out of Gox, and into my wallet. If I needed some cash, or was trying to stick to a cash out plan, I would sell what I could on other exchanges without causing too much slippage. Any of those May/June size dumps on the other exchanges would just be stupid. So when Gox starts wires back up, who knows how much catching up we have to do after stalling all these dumps!
For this reason, I sold all but about 10% of my stash. Two months ago I bought a new Caddy, in full, and put a large down payment on a home, all with bitcoin speculative/minning money, so I'm not complaining much. I will definitely be sticking around for when we get a new reason for panic buying, which I don't see happening anytime soon. Yes, I know, with something as "new" as bitcoin, that new reason could happen tomorrow!
TLDR; Sold most of my coins, now waiting patiently on the sidelines. & MtGox opening wires back up should be a good show!
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Somebody wants us to stay over close to $100
To the purpose of? I really wish I knew. My tinfoil hat says its someone within/friends of MtGox. OR, tinfoil hat off... Setting the baseline for the next big run up isn't "crazy" for wealthy bulls, who are mostly already all in. And with that comes the task of holding off the long slow decline until the next rise. If I had a huge stash (ie. winklevii) and I dumped now to buy in cheaper later, my dump would certainly crash the price, which may take a long time to recover. If I keep the price around my buy-in average, or a great new psychological baseline (ie. $100), any rise in price and I would be in the profits (or more into profits). I know thats what I would do if I was a bitcoin whale, and was looking forward it bright future, instead of trying something that would make me a slaughtered pig. |
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Somebody wants us to stay over close to $100
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hell ya back up we go when there 150 in a week you are going to kick your self for not buying now!!!
+2 +2 -4 = 0 Some people didn't have time to buy, because they were most likely sleeping. +8 What about Infinity X Infinity? |
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Did it ever occur to you that the manipulation might be to avoid a selloff?
Try selling 10k BTC on a busy day and watch the result.
He can dump in small portions all day. I think resulting sell price will be much higher than stupid dump at once... +1 |
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I hope you had the foresight to see the huge dump that just took place. What was a $10 buy up you need, just doubled, and may be more! BUT, I hope you are RIGHT!
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This is somewhat exciting, even though the price is going to the wrong way in my book. It has been so boring around here after jan-feb-mar-apr, which was fun watching the wall/price daily
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The fact that the dumper picked the slowest time of the week for bitcoin, screams manipulation. All the bulls that want to hold up the price, but are still looking for cheap coins, aren't around right now, which is why the slow rebound.
The weekend dip is back, meaning manipulation is overpowering users/speculators.
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The funny thing is that they did it last fall, they are announcing it now.
Last fall, they found out about bitcoin, and decided to invest. One way was putting money together for this BitInstant fund, and the second way was buying 1% of all bitcoins. If they would have announced last fall, the price would have shot up before they were able to buy up 1% of all bitcoins. Now that they are done buying, and announced that some time ago, they decided they might as well wait until the conference, to add even more hype good news. |
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