Buy buy buy bitches!
Only noobs havenīt bought in @~300 already. I hope there are a lot of them left You mean the likely 200K+ bitcoiners that bought sometime this year and sold at a loss? Yeah, I'm sure that their just DYING to buy back into the market. And all of their friends & family they told about their wonderful bitcoin experience this year too. someone actually did this? YEAH!!!!!! Fictional people.
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Why Klee is such an angry twat: FYI I got ALL IN on the way down @353$ I am buying 5btc for every 10$ drop, lets see if I get broke! How much have you bought in the past 2 days? I started buying @390 5 @390 5 @380 5 @370 OOPS! BAHAHHAHA. It is REALLY funny to make fun of someone... but NOT to provide your own specific and personal BTC investment details... and actually Klee seems to have had a pretty decent investment strategy - except maybe needing to keep some additional fiat available for BTC price spikes below $353, which NOW we know can happen b/c it did happen....
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How the hell am I supposed to get any sleep tonight?
This, my entertainment for the night What kinds of odds are posters placing on the price movement - either after the wall is pulled or after the wall is eaten? It seems most posters seem inclined to believe the price will be bullish, and for the reasons of my earlier post, I am inclined to believe it is bearish (b/c the fiat is going to be exhausted by the quantity of coins being purchased at this $300 price point - and NO current ability to add fiat to Stamp).
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Here is a notable ask wall on Bitstamp, currently 19607 BTC for sale at $300. Buyers are nibbling as I watch. I hope to get a small piece for myself if the lot is still for sale Monday morning Austin time. The collapse of the 2013 bubbles is reminding me more and more of the great bubble collapse of 2011, when I watched bitcoin fall from $30 to $3 and did not buy any more - ugh. Why do you think the price is staying so flat? I've never seen anything like it. Huobi and Bitfinex have both stayed about $6-8 above this flatline on BitStamp. Something odd is happening. The motive of the whale may be ambiguous; however, the flat price performance is NOT really ambiguous. The price will NOT move very much with such a wall of BTC .
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Actually, this might be genius. Stamp volume has slowed to a crawl, but the other exchanges are still trading. He might be accumulating at $302 everywhere else.
Actually it's 305-308 now. That would be some plan though - sell at 300 at stamp, accumulate at 305 elsewhere, sounds pro That seems too bullish and optimistic. What about if he is holding back a sizeable quantity of BTC 5k to 15k BTC and he is exhausting all if NOT most of the fiat on stamp, and then at or near the time that his wall gets eaten, he forces the price down further - another $40 to $50. .then puts up another wall while he accumulates at that lower price? too complicated? and of course I am speculating, too.
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I imagine this is an indication you are interested in accumulating BTC again.
Well I don't want to make too small gains, but big gains are fine for me. The castle was bought when BTC was $675. So I am tempted to exchange it back for coins if it goes to $200. And then buy a castle again with 1/3 of the money when BTC is in reasonable prices. Nothing is permanent in life. I don't understand why it would matter if you sell the castle for BTC or for fiat - because in either case you are using the fiat value of the castle as the measurement for how much (either BTC or fiat) to receive. A considerable problem with real estate can be the considerable transaction fees that may be involved in transacting in such.... and sometimes the time that it could take to finalize various aspects of the deal. Do we really believe that BTC prices could remain in this $200 to $400 price range for 3-6 months?
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What BTC ETFs like COIN and other BTC investment funds need to do is to guarantee and show allocated coins, every client's holding is stored on their own individual publicly published and viewable address, rather than pooled in the total holdings account as happens on exchanges, this is like the best practice of PM funds like www.bullionvault.com except miles better as anyone can instantly see and prove that the funds are actually allocated to the clients rather than just take the business's and auditor's word for it. Exchanges maintain a Data base and not the coins, what you demand is not a safe practice, a safe practic would be exactly what most exchanges are doing now, you deposit your funds they have your address on watch, when you get 3 confirmations (or 6 depends on the exchange) they input an entry to the database (or alter it) changing your old balance to your new one.... all the coins are offline and safe from heist. anything else would be asking for trouble and can make management of funds and technical more complicated. The exact mechanism does NOT matter too much, but what Otoh and others seem to be proposing are mechanism upon which to audit exchanges or at least prevent them from (or lessen the likelihood that they can) engaging in variations of fractional reserve banking (or misrepresenting the number of coins that they actually hold). If one system does NOT work then better to figure another system that can work to achieve such objectives... to work towards positive potential solutions rather than just asserting that won't work. There is something of that kind suggested for development, it is called pooled reserves, but I doubt it will ever come to real world adoption. There are likely needs to explore these various possibilities in theory and if they seem feasible to attempt to implement some of them... surely these various possibilities are going to take a while in the real world to work out because there are also politics and money and brute force that can affect the direction(s) of various developments.. and as we know, NOT always does the best technology win and NOT always does justice prevail... But I would imagine to instill confidence in bitcoin, its value and the extent that it is protected from manipulation, there are going to need to develop some of these confidence inspiring infrastructural solutions to create accountability and to minimize the ability of centrailized entities to attempt to engage in fractional reserve banking with our bitcoin assets.
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Bitcoin is all about confidence. The last weeks, months it took a real battering with every new coin coming out claiming to do things better and is in a position like Bitcoin was in 2011. Some of them have totally shotty code but the day is long. Without confidence it enters into a dead spiral, no price is low. Lucky i dont have 90 % of my money riding on it so i can bash it and the little money i did have on something i got back.
The price can be considered low, depending on the historical values and the investment into it etc etc... difficult to compare the other various coins to bitcoin because bitcoin is, at least up until now, so much heads and shoulders ahead of any of the competition including any that have even a fraction of its dwindling market cap. but to some extent they are all dwindling together at varying rates but none are really catching up to bitcoin in any meaningful way, at least NOT so far.. but our assessment could be different in 6 months or a year or two years or five years.
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I just observed a wall of 30,000 BTC in Bitstamp. It was offered for sale at $300.
This is a very high wall, which has not been seen before in Bitstamp. Even in the old Gox era, 30k was a rare occurrence, the typical walls at that time (early 2013) were 10-20k.
The fiat value of the wall ($9 million USD) beats the historical walls of a few $100k's hands down.
Could this be the source of the 30k BTC? https://blockchain.info/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq?filter=1But whose address is this and to where was it sent? I am NOT very knowledgeable about how to read those addresses or decipher potential owners of the addresses... I mean we would be able to determine if such coins were sent to an exchange or sent to a known address - but we may not be able to determine if the coins are just sent from one private address to another private address, no? All I can tell is: - Its move coincided with the appearance of the sell wall a few hours ago. - about 35,300 coins were deposited to this address from https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w on April 3, 2013 - Those 35k coins appear to have been accumulated in chunks of several thousand at a time between 8/2012 and 10/2012, when the price was 10-12 USD / BTC So, potentially, it's someone who bought 35k bitcoins for about $80,000 in fall 2012, and liquidating now. Why? idk. Yeah, but we cannot necessarily conclude liquidation.. could be just moving .. .. or just in case or even having had negotiated some Over the Counter sale... or made a down payment on a castle? Hard to really know if we cannot connect one of the addresses with some entity in order to know a little more about the entity and potentially some of their real world behaviors.... otherwise we are engaging in pure speculation without any direct evidence or reasonable inference of anything, no?
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What BTC ETFs like COIN and other BTC investment funds need to do is to guarantee and show allocated coins, every client's holding is stored on their own individual publicly published and viewable address, rather than pooled in the total holdings account as happens on exchanges, this is like the best practice of PM funds like www.bullionvault.com except miles better as anyone can instantly see and prove that the funds are actually allocated to the clients rather than just take the business's and auditor's word for it. Exchanges maintain a Data base and not the coins, what you demand is not a safe practice, a safe practic would be exactly what most exchanges are doing now, you deposit your funds they have your address on watch, when you get 3 confirmations (or 6 depends on the exchange) they input an entry to the database (or alter it) changing your old balance to your new one.... all the coins are offline and safe from heist. anything else would be asking for trouble and can make management of funds and technical more complicated. The exact mechanism does NOT matter too much, but what Otoh and others seem to be proposing are mechanism upon which to audit exchanges or at least prevent them from (or lessen the likelihood that they can) engaging in variations of fractional reserve banking (or misrepresenting the number of coins that they actually hold). If one system does NOT work then better to figure another system that can work to achieve such objectives... to work towards positive potential solutions rather than just asserting that won't work.
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I just observed a wall of 30,000 BTC in Bitstamp. It was offered for sale at $300.
This is a very high wall, which has not been seen before in Bitstamp. Even in the old Gox era, 30k was a rare occurrence, the typical walls at that time (early 2013) were 10-20k.
The fiat value of the wall ($9 million USD) beats the historical walls of a few $100k's hands down.
Could this be the source of the 30k BTC? https://blockchain.info/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq?filter=1But whose address is this and to where was it sent? I am NOT very knowledgeable about how to read those addresses or decipher potential owners of the addresses... I mean we would be able to determine if such coins were sent to an exchange or sent to a known address - but we may not be able to determine if the coins are just sent from one private address to another private address, no?
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Such a nonsense!
Bitcoiners have to apply for social security tomorrow! Bitcoin is about to become non-valeur by the end of 2014.
We need another underground currency which cannot be destroyed by Obama & Co! A currency which cannot be changed for Fiat money and which still works. That man who manages this will become next universal GOD of this planet!
Long live self-regulated anarchy!
I would NOT write off bitcoin so soon... a little price drop does NOT cause the conclusion that the whole fricken thing has failed or that there may still be a run-up in prices causing an additional phase of "new wealthy elite, gentlemen." Also, hopefully, we are NOT investing more than we can afford to lose, even though I recognize the temptation to put in a lot and then to double down and then to double down again.. etc etc. which could cause the opposite of "wealthy elite, gentlemen."
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Here is your average internet girl: That is hillarious!!! And, even if there happens to be a girl or two on the internets, these one or two girls should also find this post to be funny... but how am I to get into the mind(s) of the fairer ones? Yep I Look prettier than that though.... I hope so. You would need some sort of birth defect to look worse. birth defect, you mean, like a weiner...? I am glad that you have a decent sense of humor fabiola. Surely, there are likely a shortage of girls/women on these interweb forums and into bitcoin and some of the language that guys choose to use can be gender-biased and a bit sexist... and even targeted towards some pent-up desires... especially, if we end up caught up in front of silly-ass computer screens for many hours of the day.... NONETHELESS, I believe that there can be a variety of ways of expressing oneself - whether man or woman - guy or gal - and still appreciate the humor in some of the socializations and the stereotypes.
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So i just tried 247exchange.com. It worked smooth and easy. It took me me 5 min for registration and paying (i used sofortbanking). I recevied my BTC about 15 min. later on my wallet adress. Max. amount that i could buy was 25 BTC. Buying LTC and DOGE isnīt possible right now, but is about to get implemented. 24/7 online support acted promptly after i complained because i didnīt receive my BTC after 5 min. If that's really true, then that is amazing to be able to buy quickly 25 BTC at a time... Wow!!! Is that 25 BTC a daily or a weekly limit? or some other kind of limit? Get 100, 1,000 or more people buying their limits, and that can have a decent impact.
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this fucking pumper didn't learn anything, last time he spoke to calm people about MTgox and assure them nothing is wrong with their funds... we all know how that did end up, today he is twitting this: these kind of early adopters are the problem of this community. There you go spewing out your hate... this is a very sad side of you. and pathetic.
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...
DEFINITION of 'Oversold'
...
lol am I seeing the definition of a bag holder, fonzie? Fonzie flip flops between bear and bull fairly sporadically...
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5 days i checked the bitcoin cap was $5,070,314,778 and now it's $4,133,378,508 1 billion waiting to buy on the next big rally isn't a bad thing. It does NOT work like that. Market cap dropping by a billion does NOT create a billion to spend on bitcoin...
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Feels like capitulation to me
Haven't heard that before in the last 3 months. Really, I thought you heard it all numerous times before? Why do you still bother coming here? God, it's like 'listening' to a couple of eight year olds. Real mature response from your part. Keep up the mature attitude. Did you learn a new word at school today, dear. Bless. Here's some new ones for tomorrow. Ignore (v.t.) Ignoramus (n) Ignorant (adj) LOL, what a sucker, it's people like you that makes this forum look ridiculous. Your brain really is nano. Stop it, Fonsie!!!!!! I have already used that suitable pun on Nano... at least twice in the past few months, including yesterday, as I recall. .
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