He nailed one thing for sure: the no volume part, which is concerning for bull at least. If the coins are really dat cheap, why no volume?
The distributed P2P federal reserve (that is the Bitcoin speculators) have exhausted there fiat canons. We need a new QE type plan metaphorically lets not call it bond buying but investing in Alts. Instead of buying fiat. Nope. Our cannons are aimed squarely at the bears. If the price drops just a little bit more...BOOM! Got yer coins. Go ahead and sell. Just try it. You'll see how much fiat we have left. That's the problem... The bears have squeezed about as much out of us as they can... They gonna have to come up with some more tricks, fud or false news to get us to stop squeezing our BTCs. I do have some fiat in reserve just in case the price drops more.. .my next buy point is at below $550 on Coinbase... and I question whether we are going to get to that price point... maybe I will have to panic buy at $570, instead? |
|
|
|
He nailed one thing for sure: the no volume part, which is concerning for bull at least. If the coins are really dat cheap, why no volume?
everyone watches the car crash until its over, then they go in to loot the survivors. I just bought some at $560 - I think we are at the bottom, the charts flattening out and weekends are notorious for random moves on no volume. take a step back - things are well aligned to start putting out positive spin again and knock this up by 20% in just a few day's work. For traders, that is a golden opportunity, considering its dragged down 25% or so in the last week of bad news. Most of the money in the markets is traders, rather than new buyers or sellers of old coin. https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=we have had very few bitcoin days destroyed in the last 2 weeks - this means that old wallets are still staying put and that the trading volume is mostly buying and selling the same coins around I looked at your reference to the bitcoin days destroyed chart, and your description does NOT match with the representation s contained in that chart. We have been getting multiple spikes, and we had a spike between March 6 and March 18... and part of that may be explained by gox moving its old coins... ... but it otherwise looks like a fairly significant spike in days destroyed curing that period of time. |
|
|
|
He nailed one thing for sure: the no volume part, which is concerning for bull at least. If the coins are really dat cheap, why no volume?
Oh its you again, welcome back Had you not "cashed out" around $100 mark you would have made alot more. I recall you sold lot b4 that as well. I feel your pain, so go on with your bearish campaign. Typical sour grapes " I didnt plant the grapes and i cant afford them, they must have been sour" Yes... this probably explains the trolling nature of Tarmi's posts... .. but anyhow the answer seems to be obvious about the volume going down... with increased difficulties for whale manipulators to squeeze very many more coins out of anyone... more or less they buying and selling from themselves.. and that is NOT convincing any real people to sell. .. a large majority of them have already sold. |
|
|
|
Fuck me, i blame it on those 350ug acid tabs, but i´m feelin bullish for BTC again. I hope i won´t get burned for all that love about BTC(price).  Just bought 30 new coins. If we go below 490$ i will never post again, promised. better get your last posts in quick bud : -) I am sure that there would be many more posters here, who would be willing to take a bet that we will NOT breach $490 within the next two weeks. Personally, I am ON THE FENCE about whether I would make such a bet. I am inclined to think that if we do breach $490, such a breach would be NO more than a few hours, and such breach would only come as a result of some major news or even some fake news that allows a certain level of panic and/or manipulation. I have considerable difficulties even with any belief that we would breach $510 in the next couple of weeks, without something dramatic occurring. |
|
|
|
to me, only question of time when 530 $ is breach.
then it will be panic time.
+1 and 3400 in china That is a really vague statement... matter of time could be hours, days, weeks, months ... If such thing does NOT happen in the next couple of weeks, then likely it will NEVER happen... but I presume you are estimating that this supposed slow erosion of BTC price(s) is happening over the weekend or maybe by no later than next weekend? |
|
|
|
a lot of us here know how great bitcoin is, and so we expect huge money in the shadows all the time.
I challenge this for two reasons;
- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.
- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!
Let me remind you that facebook bought whatsapp for 19 billion USD. One of the differences with bitcoin is that it remains very difficult for any new investor to come into bitcoin and to acquire large holdings without causing the price to be upwardly affected. Certainly anything even approaching 1 billion in bitcoin would take time to acquire. |
|
|
|
This is ridiculous. Who the hell would dump 2.5k coins onto the market considering that we've been red for the last 7 days? This has to be the dumb money.
I'm of the same thinking... seems to be pretty dumb-ass - unless there is some kind of insider information that we don't know about... |
|
|
|
0% fees are good in flat markets, I don't particularly care about fees when big swings are imminent. If I'm making 15-20% on a trade, I don't really care about 0.5% fees.
0.5% would be quite acceptable, I've been dealing with 1.5%, which is mostly why I'm no longer trading. Hodling only now. I'm curious seleme, do you think the 0% fee structure will take over and become the norm? It certainly seems like the asian markets are going that way. I don't see point in 0% fees. Why would anyone run a business without making profit on it? It smells shady. Bitcoin exchanges fees are huge compered to other markets but 0% is not normal. They make money by using their advantage to play their own exchange. What advantage is that? Are they using fake money or using other people's money to manipulate or to make artificial walls? I could see those kinds of manipulations by exchange owners... |
|
|
|
Hi JorgeStolfi
how much value can you give to volume if there are no fees?
thanks
I am pretty sure that my trading inclination is much affected upon the size of the fee(s)... and zero fees would turn me into a trading hawk... rather than a trading dove. I get scared by BTC-e's measly .2% fee.... .b/c I figure that I gotta make .4% just to break even... and stamp is like .5% for the little rollers, like me, and coinbase charges me 1% (even though that is NOT technically trading).. These fees all add up to disincentives, at least for me. Maybe any measurement of exchange volume should be adjusted based on the size of the fee..... especially if comparing one exchange to another. |
|
|
|
what's happening dear adam ? why is this going down ? i have no idea i only know why it goes up going down makes no sense! maybe because bitcoin is only based on beliefs and no real economy ? Mah87: If you already figured that you knew the answer to your question, then why did you ask? Your response certainly falls within the definition of a troll... To ask questions that cause others to do all the work and NOT to really contribute any value... |
|
|
|
but your friend would be freshly out of fiat as well.
You'd think but a large part of my friends wouldn't buy even if we went really low. Meanwhile I'd be loading up, locking them in the freezer and wait till I've got enough for my island  What would you be locking in the freezer? Your friends? Hopefully, they would be issued space heater and oxygen, too. |
|
|
|
Did anyone catch this quote from the mtgox statement.
“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"
So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?
also... how does 850,000 missing vs 650,000 missing affect the markets?
They don't, I have no idea how you just find a wallet with 200,000 BTC when others can see it on the blockchain etc. It suggest to me personally that the theories regarding lost keys or badly written key generating software are the most plausible. I wouldnt be surprised to see a large part of the 850k slowly being 'found' what this does to the price however is anyone's guess I was thinking something like this would evolve also. B/c even though it appears fairly likely, based on our current knowledge of the situation, that Mark was up to some incredible Shenanigans, he is likely realizing that he is in much bigger doo doo than he anticipated. Surely, he has a large number of civil lawsuits, but worse, he has potential for major criminal prosecutions, too. Accordingly, b/c he values his freedom more than he values drinking cappuccinos, he is going to find more BTC and realize that those BTC were NOT stolen.. they were merely misplaced.... In the end, I will speculate (since this is the speculation thread) that GOX is going to find more than 60% of their previously lost/misplaced coins... which will be more than 500K found coins.... ...or maybe it is just part of Karpeles' game and people are supposed to be *grateful* that they have at least got some coins back, and swallow the story about the rest being lost. I would not put anything past Karpeles now. I think Karpeles' biggest problem might be that some of the BTC inevitably belonged to some very shady people (typically gentlemen short of a finger) who might want to take him for a car ride to discuss matters. If I were Karpeles, I would not count on ever drawing a pension. Just my two cents; I did not have any BTC or $ in Gox. Yes, I agree with your statement, including the fact that some shady characters may be resentful about Karpeles's behavior in this matter.... and accordingly, Karpeles has achieved very negative notoriety. I suppose the bitcoin scene differs from fiat in that with fiat scandals, there is supposed to be legal recourse, but lots of people get screwed for greater amounts... but maybe they cannot always place a finger exactly on who caused their losing the money... IN this regard, Karpeles has become personally notorious and equated with GOX. |
|
|
|
Just bought 1 btc at 574, time will tell if this is the bottom.
I bought at 572, willing to buy more the coming days if price drops more How many would you buy if the price went to one dollar? For $1 BTC I think I could scrounge up about 300k without asking friends. But it would be quicker just to ask friends. If you had been buying BTC all the way down to $1, maybe you would NOT have any more fiat left, and maybe you would have to ask friends, no? |
|
|
|
They don't, I have no idea how you just find a wallet with 200,000 BTC when others can see it on the blockchain etc. It suggest to me personally that the theories regarding lost keys or badly written key generating software are the most plausible.
I wouldnt be surprised to see a large part of the 850k slowly being 'found' what this does to the price however is anyone's guess
Remember that interview with Karpeles saying the bitcons weren't technically lost, just unavailable? Either gox are lying through their teeth or they had some seriously poor practices. I can't say which is more likely. I've found a few old wallets I'd forgotten about, and no amount of people pointng at the blockchain would have helped me remember where the private keys where. Then again, I have never been entrusted with hundreds of thousands of BTC of other people's money, so my laxness is somewhat more excusable. That's part of the reason why analogies to individual behavior is inadequate. Obligations are different when dealing with other people's money, whether as a trusted individual, a corporation or a government. Analogies to individual behavior do NOT quite fit these other situations.... except maybe in the limited sense that an individual may logically assert that his/her behavior matters to the well-being of his/her family who entrust him/her to make wise decisions with the family assets. |
|
|
|
...
How many would you buy if the price went to one dollar?
Is that one of those zen questions, like 'if a tree falls in a forest with no one to hear it does it make a sound?'? No, I can put a dollar amount on it. Everything in my bank account. The same problem exists whether the BTC price is $1 or $580, no? The question would be whether the BTC price is going to go up or down. If the price of BTC were to go to $1, which seems super speculative at this point, some very serious shit would have to had taken place. Of course, if the BTC fundamentals remained the same as now, and the reason for the price dropping to $1 is merely b/c of some misinformation or some ill found rumors, then under those circumstances, an investor may well mortgage the farm and sell the first child in order to acquire as many BTC as possible. Personally, under the second situation of bad information and the same fundamentals, I would have been buying all the way down from $580 to $1, so maybe I would NOT have any cash left by the time the price reached $1. |
|
|
|
Did anyone catch this quote from the mtgox statement.
“Taking into account the existence of the 200,000 BTC, the total number of bitcoins which have disappeared is therefore estimated to be approximately 650,000 BTC.”"
So.. its basically official that M.K. is just a complete and utter retard right? Who moves 200,000 BTC to verify they have control of bitcoin and then forgets that they exist. Does this ultimately point to the more likely possibility that M.K. just lost the private keys but had an old database backup that he eventually went and fished these 200,000 coins out of after the community pointed them out?
also... how does 850,000 missing vs 650,000 missing affect the markets?
They don't, I have no idea how you just find a wallet with 200,000 BTC when others can see it on the blockchain etc. It suggest to me personally that the theories regarding lost keys or badly written key generating software are the most plausible. I wouldnt be surprised to see a large part of the 850k slowly being 'found' what this does to the price however is anyone's guess I was thinking something like this would evolve also. B/c even though it appears fairly likely, based on our current knowledge of the situation, that Mark was up to some incredible Shenanigans, he is likely realizing that he is in much bigger doo doo than he anticipated. Surely, he has a large number of civil lawsuits, but worse, he has potential for major criminal prosecutions, too. Accordingly, b/c he values his freedom more than he values drinking cappuccinos, he is going to find more BTC and realize that those BTC were NOT stolen.. they were merely misplaced.... In the end, I will speculate (since this is the speculation thread) that GOX is going to find more than 60% of their previously lost/misplaced coins... which will be more than 500K found coins.... |
|
|
|
fake news or not, market is really trigger happy now
Also, I am searching... searching... searching..... for the bottom..... maybe $550? or maybe $510 over weekend? |
|
|
|
If I wasn't as much of a buy and holder as I am I would have sold on the news of gox having xxx,xxx coins left lol. People somehow associate this with a reason to dump...not to say there aren't good reasons for why you should sell.. just seems unhealthy to be so fearful.
The API did show those 200k BTC moving around a few weeks ago so it wasn't exactly breaking news that those 200k were under their control - but it is something to watch. Consider this: - MtGox creditors (customers) must be threated equally. This is an absolute requirement. - The amount of fiat currency they have divided by fiat owed to their customers is X% - The amount of BTC currency they have divided by BTC owed to their customers is Y% This creates a problem. X not being equal to Y and the fact that X and Y creditors must be threated equal creates a problem. One solution would be to sell the 200k BTC and pay all creditors using fiat. lol if a 200K wall pops up, i'm sorry but i'm gonna panic sell.. lol I am long in both BTC and LTC, and haven't sold any BTC in a long long time. If a 200k BTC sell wall comes up, I will definitely sell some and re-buy some though... You still definitely would NOT know, merely from the appearance of a wall, that such a wall were real or NOT.. unless you knew some back-story. I was really just relating to selling on the news of the gox coins making a re appearance in the news plus some confirmations from gox themselves. I was aware of the coins existence before today reiterations. We've taken this whole scenario on a limb... ... but I believe I get your original point that GOX news is NOT necessarily negative.. or a reason to sell in and of itself. But, we have already learned that BTC price reactions do NOT necessarily follow logic.  |
|
|
|
Please note that the reasons for their disappearance and the exact number of bitcoins
which disappeared is still under investigation and that the above figures may still change depending
on the results of the investigation THIS Gox is reserving its prerogative to change its story at any time.... and either come up with more coins or to lose more.... In this regard, Mark - the slimy chubby dweeb - may perceive it to be in his best interest to cough up the fricken coins... or at least to cough up more than is currently admitted to... |
|
|
|
If I wasn't as much of a buy and holder as I am I would have sold on the news of gox having xxx,xxx coins left lol. People somehow associate this with a reason to dump...not to say there aren't good reasons for why you should sell.. just seems unhealthy to be so fearful.
The API did show those 200k BTC moving around a few weeks ago so it wasn't exactly breaking news that those 200k were under their control - but it is something to watch. Consider this: - MtGox creditors (customers) must be threated equally. This is an absolute requirement. - The amount of fiat currency they have divided by fiat owed to their customers is X% - The amount of BTC currency they have divided by BTC owed to their customers is Y% This creates a problem. X not being equal to Y and the fact that X and Y creditors must be threated equal creates a problem. One solution would be to sell the 200k BTC and pay all creditors using fiat. lol if a 200K wall pops up, i'm sorry but i'm gonna panic sell.. lol I am long in both BTC and LTC, and haven't sold any BTC in a long long time. If a 200k BTC sell wall comes up, I will definitely sell some and re-buy some though... You still definitely would NOT know, merely from the appearance of a wall, that such a wall were real or NOT.. unless you knew some back-story. |
|
|
|
|
Show Posts
