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you wana see a pirate get burnt
refuse to sell bellow 8.77
that is all
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exactly, IMO pirateat40 is stuck in an impossible situation
idk I'm most likely wrong, but what he did yesterday shows us his game plan and we see that its not a good plan
Can you clarify? pirateat40 has taken a stand 9$ is the top, and hes got to convince everyone to fallow him back down bellow 7 even if he gets it going down (even below 6!), he will need to buy back. He'll be trying to buy back on the cheap along with everyone else, and who's going to sell us all these coins? maybe hes been trying to keep the price down ever since 6 point crazy.... I hope he is able to push the price down, I would love to buy another few hundred coins below 6 ( I have a few friends that want in if it goes back down  ) The liquidity on the ask side simply isn't their for him to buy back on the cheep. i might get lucky and be able to grab a few hundred tho  trying to push the price down , he is the liquidity on the ask side right now once he gets it to < 7, and removes his asks walls their will not be enough bitcoin on the ask side to satisfy his needs and everyone is going to jump allover them don't you just love it when shit hits the fan?  |
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Here's some psychology for you.
#1) People don't like to believe that some regular guy can just ask for a whole ton of BTC, receive them, and start manipulating an entire market.
Counter-point to #1) It is absolutely possible for this to happen, both mathematically and based upon market psychology.
#2) People don't like to believe that some regular guy can make at least 7% a week. After all, most people here aren't making 7% per week, especially if you're not investing with Pirate or a pass-through.
Counter-point to #2) It is absolutely possible for this to happen. I've made 2000% in about 8 months from trading alone. That 2000% doesn't include mining profits, product sales, or service sales. Nor was it a full time job. It was day trading. And it was only on two exchanges. And neither was Mt. Gox.
3) People don't like to believe that one guy manipulating the market is even possible.
Counter-point to #3) Yes, it really really is. Bitcoin is a small community and only a small % of all Bitcoin users are actively watching or trading on the markets at any given time. All you need is capital and balls and you can make the market your bitch.
4) People don't like to think Pirate can do this by himself.
Counter-point to #4) He's not. He's supported by his lenders and his buyers. He's found a niche between markets and there are many people involved. But, he is the central node of pass-through capital. As such, he can manipulate/control the market, but to believe he is doing it alone is a mistake. It's because so many people are involved that he can make 7% happen quite easily.
Seriously, why is it so hard to believe Pirate did this?
so why are people saying the higher it goes the more likely he will default? is this simply not true? The price going higher is only an issue if it goes up too fast and stays there after Pirate has already converted all of his BTC to USD. His only hope at that point would be to try to create another rally with USD and do a pump and dump. With the amount of capital that Pirate has, it would be difficult to imagine a scenario totally beyond his control that would screw over both him and his lenders. If I had that much capital, I would do it. And, I'm seriously considering starting something similar. But, I need to decide whether or not I want to pull the trigger.... wait wouldn't he need to get the bitcoins b4 he dose a pump and drop? so I'd say right now hes trying to push the price down in order to buy low and then do his pump and drop if this is the case he is soo fucked .... here is the scenario that totally would screw over both him and his lenders. first he sells all his bitcoins at 6.9 someone pushes the price up to 8 ok hes all messed up now.... that wasn't so hard |
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I will sell.
why are you waiting for 8.50 tho if your going to sell... sell now? |
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Here's some psychology for you.
#1) People don't like to believe that some regular guy can just ask for a whole ton of BTC, receive them, and start manipulating an entire market.
Counter-point to #1) It is absolutely possible for this to happen, both mathematically and based upon market psychology.
#2) People don't like to believe that some regular guy can make at least 7% a week. After all, most people here aren't making 7% per week, especially if you're not investing with Pirate or a pass-through.
Counter-point to #2) It is absolutely possible for this to happen. I've made 2000% in about 8 months from trading alone. That 2000% doesn't include mining profits, product sales, or service sales. Nor was it a full time job. It was day trading. And it was only on two exchanges. And neither was Mt. Gox.
3) People don't like to believe that one guy manipulating the market is even possible.
Counter-point to #3) Yes, it really really is. Bitcoin is a small community and only a small % of all Bitcoin users are actively watching or trading on the markets at any given time. All you need is capital and balls and you can make the market your bitch.
4) People don't like to think Pirate can do this by himself.
Counter-point to #4) He's not. He's supported by his lenders and his buyers. He's found a niche between markets and there are many people involved. But, he is the central node of pass-through capital. As such, he can manipulate/control the market, but to believe he is doing it alone is a mistake. It's because so many people are involved that he can make 7% happen quite easily.
Seriously, why is it so hard to believe Pirate did this?
so why are people saying the higher it goes the more likely he will default? is this simply not true? |
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I think bitcoin's "fair" value (which stems from its usability and rate of adoption) is roughly correlated with Tx/Block. This does not need to grow all that much to be knocking on the current protocol limits.
I'm kind of concerned about the developers not taking scalability seriously. I'm strongly of the opinion that any Moore's law related arguments against improving the scalability are seriously flawed.
This is also my sentiment. Are there any other developers out there who would be willing to help develop a scalable protocol? you'd need a big team first making the new protocol itself is a huge job second you'd need a top notch exchange site to even think about competing with bitoin if done right, and you come out with a truly and easily scalable version of bitcoin ..... I'd be buying in, BIG TIME but are the developers really not taking scalability seriously? |
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Jr. Member  what do you mean, "these low prices will not stand"? The price is quickly bought up after every dump only to face another minor one. Sale after sale, the price remains resilient. We all know where the price ought to be. We can deny it in the face of a greater fantasy, however: Cheap Bitcoins. yes the market has been really bullish lately and that's because we saw a 1/4 million dollar wall get sold into at 6.50 since then its been clear someone ( or a group of people ) is trying to buy ALOT of bitcoin. the market realized this and the price kept shooting up as he bought out every trigger we left Just b4 he put up a 1/2 million dollar wall at 9.00ish price is rising as a reaction to someone trying to buy a lot, that is all. if this guy still wants to buy more it will go higher, once hes done buying.... price is going to go back down to about 7 - 8 I welcome you to the speculation forum and hope to see you here again! |
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Jr. Member what do you mean, "these low prices will not stand"?
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What mofo?  he is very sneaky he makes people think he removed his wall so the price can go lower, so he can buy and the people think, we'll do the smart thing and buy it up so he cant buy below 9 worked so far |
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If anyone wants to know why the Bitcoin price is going up or down during a certain period, I'd advise you to ignore everything related to mining completely (with a small caveat that the block reward halving will reduce supply a bit and this will have a subtle effect on price). Anyone who claims that bitcoin is rising or falling because of X reason related to mining, or ASICs, or BFL, etc etc... is fundamentally misunderstanding Bitcoin. With that said, I think $25 price at the end of the year is totally realistic, perhaps likely. But it's got nothing to do with mining  So why is it rising then? this may be hard to understand but the price is rising because 25$ by the end of the year is totally realistic, and because the price is rising, 25$ by the end of the year is totally realistic, If anyone wants to know why the Bitcoin price is going up or down during a certain period, I'd advise you to ignore everything related to mining completely (with a small caveat that the block reward halving will reduce supply a bit and this will have a subtle effect on price). Anyone who claims that bitcoin is rising or falling because of X reason related to mining, or ASICs, or BFL, etc etc... is fundamentally misunderstanding Bitcoin. With that said, I think $25 price at the end of the year is totally realistic, perhaps likely. But it's got nothing to do with mining So why is it rising then? More users, more businesses, more confidence, and we're still nowhere near our potential. forget my troll post above this it the reason.... I'm in a weird mood today ... could it be... I'm ... turning into a bear  |
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 soooo when is this going to happen  10 12? what the plan here... now I'm on pirate40's side, take this mofo out for the love of bitcoin |
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sorry, I was out for a bit. *switches the PS2 on and grabs the rumble pack*  hows that feeling? |
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I would caution others not to overpay for bitcoins.
just what is this supposed to mean? how do you define overpay? i don't think we're anywhere near the true market value of one Bitcoin but mine is just an educated opinion based on a year and a half's in depth experience with Bitcoin and an abundance of overall market experience. i've already put my money where my mouth is. over pay for bitcoin as in do not buy coins right after a rally from 8 to 9, wait till we hit 10 and there's no doubt in your mind its going to keep on going up |
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is their going to be a 40K wall at 11, or will it take 40K bitcoin to go from 11 back to 9
sure take a chance and wait.... say i was a early GPU miner, and i had been holding 40,000K bitcoin
i'd sell now, is their no one left with 40,000BTC?
Sorry that you sold. Looks like you're buying in higher.. This guy isn't very good at inciting a rally
Panic buyers learned their lesson yesterday. So did panic sellers. Trend still up.. I didn't sell I'm just thinking " poor guy he keeps trying to buy bitcoin, and the price keeps going up on his bids give the guy a break! sell him some bitcoin "  Lol i dont think he is actually wanting to buy... ya that why I'm calling it Nine dot OH OH Nine dot uhoh! Sell him the coins he so desperately wants |
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is their going to be a 40K wall at 11, or will it take 40K bitcoin to go from 11 back to 9
sure take a chance and wait.... say i was a early GPU miner, and i had been holding 40,000K bitcoin
i'd sell now, is their no one left with 40,000BTC?
Sorry that you sold. Looks like you're buying in higher.. This guy isn't very good at inciting a rally
Panic buyers learned their lesson yesterday. So did panic sellers. Trend still up.. I didn't sell I'm just thinking " poor guy he keeps trying to buy bitcoin, and the price keeps going up on his bids give the guy a break! sell him some bitcoin " |
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- people finally discover how hard it is to hold on to their coins in face of determined hackers
(i.e. not the script kiddie level hacks we've seen so far), but stuff at the level of stuxnet
this is the only real threat how hard is it to print out this page https://www.bitaddress.org/ and send the coins their to the paper wallet? |
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Hard to say how long this wall stay with us (the 40k one at 8.9$) but I think its supporting us to 10$, before someone wants to crash the market again, arrrrrr
F' crashing the market! Cash out 40,000BTC for 395,940$, and only move the price 5 cents Do it, do it now! 395,940$ come on. you WILL NOT get a better deal for a very long time, time is now why not wait till its at 11? is their going to be a 40K wall at 11, or will it take 40K bitcoin to go from 11 back to 9 sure take a chance and wait.... say i was a early GPU miner, and i had been holding 40,000K bitcoin i'd sell now, is their no one left with 40,000BTC? |
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Hard to say how long this wall stay with us (the 40k one at 8.9$) but I think its supporting us to 10$, before someone wants to crash the market again, arrrrrr
F' crashing the market! Cash out 40,000BTC for 395,940$, and only move the price 5 cents Do it, do it now! 395,940$ come on. you WILL NOT get a better deal for a very long time, time is now |
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